Pensionbee Group Plc · LSE:PBEE
Pensionbee — Q2 2026 Earnings Presentation
25 slides from Pensionbee's earnings presentation, July 2026
Slide 1: Q2 Trading Update
Q2 Trading Update www.pensionbee.com For the period ended 30 June 2026
Slide 2: Agenda
Agenda 1 Overview 2 UK Strategic Update 3 US Strategic Update 4 Financial Update 5 Appendix www.pensionbee.com 2
Slide 3: 1 Overview
1 Overview www.pensionbee.com 3
Slide 4: Creating a Global Leader in the Consumer Retirement Market
Creating a Global Leader in the Consumer Retirement Market Enormous Global Market Opportunity (1) Customer-Centric Offering Consistently Delivering Rapid Growth PensionBee’s Addressable Market Includes over 100 Million Consumers and c.200 Million Transferable Accounts. UK DC ASSETS US DC ASSETS Grou
Slide 5: Q2 2026 Highlights: Strategic Execution Accelerates Growth
Q2 2026 Highlights: Strategic Execution Accelerates Growth PensionBee delivered £8.6bn (approximately $11bn) of AUA, up 37%, and £56m of 1 £ 8.6 bn Annual Run Rate Revenue, up 40% year-on-year. Group Net Flows grew 30% for the quarter to £272m as Gross Inflows rose 35%, 2 keeping pace with increased
Slide 6: 2 UK Strategic Update
2 UK Strategic Update www.pensionbee.com 6
Slide 7: Powerful Consumer Brand Drives Customer Growth
Powerful Consumer Brand Drives Customer Growth Efficient Marketing Investment Brand Awareness Customer Growth We increased marketing investment to drive growth and PensionBee is a trusted household brand in the UK. Our data-driven segment targeting is converting brand capitalise on the huge UK marke
Slide 8: Scalable Technology Distinguishes our Customer Experience
Scalable Technology Distinguishes our Customer Experience Operational Leverage Technology Investment & Innovation Service Excellence UK Invested Customers per Staff Member (LTM)(1) AI Embedding for Efficiency Distinguished Customer Service Two AI engines built on our decade-long knowledge base are e
Slide 9: 2026: Delivering Key UK Growth and Scalability Initiatives
2026: Delivering Key UK Growth and Scalability Initiatives Top Priorities for 2026 Channel 4 Weather Sponsorship 1 Customer growth: ● We continue to deploy increasing marketing investment through engaging, multi-channel activities, growing our brand awareness and trust. ● We continue to broaden our
Slide 10: 3 US Strategic Update
3 US Strategic Update www.pensionbee.com 10
Slide 11: Building a National Brand in the US
Building a National Brand in the US Growing Reach and Recognition Building Presence Across Key US Cities Brand Awareness Building Nationally US Social Media Following(1) Customer testimonial campaign US Prompted Brand Awareness(2) Social media following has continued to grow rapidly since we Buildin
Slide 12: Creating a Market Leader in Automatic Rollover IRAs
Creating a Market Leader in Automatic Rollover IRAs PensionBee is creating the market leader in Automatic Rollover IRAs to capture the potential estimated annual inflows of $60bn from 401(k) plans. The Opportunity Building the Distribution Engine Annual Opportunity(1) Q2 Progress ● Small-balance rol
Slide 13: 2026: Delivering Key US Growth Initiatives
2026: Delivering Key US Growth Initiatives Top Priorities for 2026 Establishing Our US Presence Scaling the Automatic Rollover IRA: 1 ● We are building distribution across the ecosystem, engaged with recordkeepers representing ~75% of the market and a pipeline of ~100 intermediaries, working toward
Slide 14: 4 Financial Update
4 Financial Update www.pensionbee.com 14
Slide 15: A Scalable Business Drives Operating Leverage & Profitability
A Scalable Business Drives Operating Leverage & Profitability Predictable Revenue … Coupled with an Efficient Cost Base … … Creates Strong Operating Leverage (Over the 12 month period ending Revenue(1), £m) (Over the 12 month period ending Cost Base, £m) (Over the 12 month period ending Adj. EBITDA(
Slide 16: Predictable and Recurring Revenue Base
Predictable and Recurring Revenue Base High Retention Rates support Compounding UK AUA … … and Drive Predictable Revenue, owing to Resilient Revenue Margin (AUA Breakdown into Net Flow Cohorts and Market Impact £m) (Revenue £m(1)) Invested Customer Retention (%) Revenue Margin (bps) >95 >95 >95 >95
Slide 17: Scalability Drives Long-Term Margin Improvement
Scalability Drives Long-Term Margin Improvement Ongoing UK Scalability evident in Declining Costs as proportion of … Driving UK Profitability Margin Revenue … (Cost Categories Expressed as Multiple of Revenue, x of Revenue) (Adj. EBITDAM Margin and Adj. EBITDA Margin, % of Revenue) Profitability ★ I
Slide 18: PensionBee has a Consistent Growth Engine
PensionBee has a Consistent Growth Engine With Predictable Asset Gathering Marketing deployment… …Generate Strong Gross Inflows Overtime Capabilities… Marketing Spend (£m) Gross Inflows/Marketing Spend (£) & New Customer Age (yrs) Gross Inflows/Marketing Spend Q2 % of H1 Marketing Deployed 47 90 119
Slide 19: PensionBee Group Guidance Framework
PensionBee Group Guidance Framework Short-to-Medium Term Longer Term Objective (by year end 2029) (by year end 2034) Group Revenue >£100m >£250m Group Adjusted EBITDA Margin of Adjusted EBITDA Margin of Profitability c.20% c.50% Strong cash balance of c.£31m (c.$41m)(1), leaving PensionBee well-plac
Slide 20: Further Updates
Further Updates Financial calendar 2026 Interim Results Trading Update Interim Results Release Q3 2026 Trading Update 13 Aug Thursday · 7:00am UK 21 Oct Wednesday · Post-market close, UK Listed on the London Stock Exchange Investor Relations Hub pensionbee.com/investor-relations LON: PBEE investor@p
Slide 21: 5 Appendix
5 Appendix www.pensionbee.com 21
Slide 22: PensionBee - Q2 2026 Financial Highlights
PensionBee - Q2 2026 Financial Highlights All figures in £m unless stated Group* UK KPI & Financials Jun-25 Jun-26 YoY Jun-25 Jun-26 YoY Key Driver Recurring nature and robustness of Total Revenue £9.8m £13.9m +43% £10.1m £14.3m +42% underlying AUA growth; stable Revenue Margin. Revenue Margin 0.63%
Slide 23: Q2 2026 Global Highlights
Q2 2026 Global Highlights Group Non-Financial Highlights - For the 3 Month Period Ending *Group Financial Highlights - For the 12 Month Period Ending Jun-25 Jun-26 YoY Jun-25 Jun-26 YoY Gross Inflows (£m) 345 464 35% LTM Revenue (£m) 36.7 50.2 37% Gross Outflows (£m) (135) (191) 41% LTM Adjusted EBI
Slide 24: Glossary
Glossary Adjusted EBITDA Adjusted EBITDA is the Operating Profit/(Loss) for the year before Taxation, Finance Costs, Finance Income, Depreciation and Amortisation Expense, Share-based Payments and Expansion Costs. Annual Run Rate (‘ARR’) Revenue is calculated using the recurring Revenue for the rele
Slide 25: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in it.