Slide 1: 2026 Half Year Results
Smart Group Smartgroup. HY 2026 Investor Presentation 2026 Half Year Results Scott Wharton Jason King Managing Director and CEO Chief Financial Officer
Slide 2: Acknowledgement of Country
Smart Group Acknowledgement of Country Artist Statement Smartgroup acknowledges the Custodians of Country throughout Australia. Co-existing with Mother Earth from the first days of understanding of kinship and the importance of caring for Country. Preparing for the future and prospering by We pay ou
Slide 3: Contents
Smart Contents 01 — 2026 Half Year Highlights (Scott Wharton) 02 — Strategic Priorities Update (Scott Wharton) 03 — 2026 Half Year Performance (Jason King) 04 — Summary and Outlook (Scott Wharton)
Slide 4: 2026 Half Year Highlights
Smart Group Smartgroup. HY 2026 Investor Presentation 01 — 2026 Half Year Highlights
Slide 5: H1 2026 Financial Highlights
Smart Group H1 2026 Financial Highlights1 Revenue EBITDA NPATA2 $179.5m $73.8m $42.4m +13% +16% +11% Return on Equity3 EBITDA Margin Dividend4 31% 41% 21.5cps stable +1ppt +10% 1. All percentage movements and comparisons refer to 1H 2025 unless otherwise stated. 2. NPATA is net profit after tax, adj
Slide 6: H1 2026 Operational Highlights
Smart Group H1 2026 Operational Highlights Customer Growth Novated Leasing Strategic Priorities Sustainability • 518,000 active customers at June, • Record leasing settlements in H1 2026, up • Delivered 19%1 improvement in • 87th percentile in S&P Global Corporate 17% customers per operations FTE Su
Slide 7: Investment proposition
Smart Group Investment proposition Industry leading digital platform • Demonstrated improvements in operating efficiency and superior customer experience 1,8371 customers / ops FTE • Continued investment in capability and technology up 19% • Market leading scale Large addressable market with high cl
Slide 8: Disciplined execution of Strategic Priorities
Smart Group Disciplined execution of Strategic Priorities Delivering strong performance 3y-CAGR1: 3y-CAGR1: 3y-CAGR1: Revenue ($m) 15% EBITDA ($m) 16% NPATA ($m) 13% +35% +31% 135.3 329.3 +27% 305.8 118.7 80.2 251.6 100.3 71.7 72.4 170.2 157.3 63.2 62.5 179.5 73.8 42.1 H2 135.0 H2 53.3 38.3 H2 33.8
Slide 9: Strategic Priorities Update
Smart Group Smartgroup. HY 2026 Investor Presentation 02 — Strategic Priorities Update
Slide 10: Our Strategic Priorities and focus
Smart Group Our Strategic Priorities and focus Our ambition Smarter Benefits for a Smarter Tomorrow Simplifying benefits and adding value to our clients and customers, while enabling businesses to attract and retain great teams as we build a more sustainable Australia. Our focus Smarter Experiences
Slide 11: Strategic roadmap
Smart Group Strategic roadmap Realise scale benefits – Feb 24 Announced targeting mid-40s EBITDA Strategic Priorities margin during the year 2024 2025 2026 2027 2028+ Phase 1: Focus on growth and demand generation through digital marketing, improved digital assets and excellent customer experience P
Slide 12: Phase 1: Our digital investments
Smart Group Phase 1: Our digital investments Delivered in CY24 and CY25 H1 2026 New digital home smart.com.au New digital packaging journey Enhanced rewards platform New Smart App Enhanced car leasing portal Comprehensive AI, data & automation program 12 Smartgroup. HY 2026 Investor Presentation
Slide 13: Phase 2: Our scalable platform
Smart Group Phase 2: Our scalable platform CY23 Current state Target state (CY28) Smartsalary, Smartleasing, Rationalising AccessPay, Advantage, Autopia, Smart, AccessPay, Autopia, Smartfleet, Payroll Solutions, Smart Brands Smartfleet Health-e Workforce Aligning Streamlined, de-duplicated and AI Co
Slide 14: Delivering Smarter benefits for a Smarter tomorrow
Smart Group Delivering Smarter benefits for a Smarter tomorrow Disciplined execution of Strategic Priorities in H1 2026 Customer-focused, digital and Leadership in Novated Leasing Innovation of propositions to Targeted investment in fleet efficient salary packaging offering via EVs meet growing cust
Slide 15: Brand campaign 'It pays to be Smart'
Smart Group Brand campaign ‘It pays to be Smart’ 15 Smartgroup. HY 2026 Investor Presentation
Slide 16: Growing customer relationships and scalability
Smart Group Growing customer relationships and scalability Increase in eligible customer Relative improvement in Relative improvement in product base1 since announcing customer uptake2 since uptake since announcing Strategic Priorities announcing Strategic Priorities Strategic Priorities +15% +15% +
Slide 17: 2026 Half Year Performance
Smart Group Smartgroup. HY 2026 Investor Presentation 03 — 2026 Half Year Performance
Slide 18: Record customer numbers across all key product lines
Smart Group Record customer numbers across all key product lines Active salary packages Novated leases Fleet managed under management vehicles +7% 518,000 +15% 484,000 +34,000 91,600 80,000 +11,600 +12% 36,200 402,000 64,600 32,400 +3,800 30,600 HY 2024 HY 2025 HY 2026 HY 2024 HY 2025 HY 2026 HY 202
Slide 19: Strong leasing momentum drives record settlements
Smart Group Strong leasing momentum drives record settlements Strong customer demand H2 2025 v H1 2026 v H1 2026 v pcp H2 2025 pcp • Continued customer interest in novated leasing, particularly BEVs Volume • Enhanced marketing activities across multiple channels and ongoing customer New lease vehicl
Slide 20: BEV adoption continues to accelerate
Smart Group BEV adoption continues to accelerate New-vehicle orders growth (PHEV, BEV, ICE) -29% +162% • Ongoing momentum supported by market and policy dynamics • From 1st April 2025, the Discount Policy ceased applying to PHEVs • The decline in ICE demand has been more than -39% offset by demand f
Slide 21: Strong earnings growth, from sustained revenue uplift
Smart Group Strong earnings growth, from sustained revenue uplift $m Revenue H1 20261 179.5 H1 2025 159.1 Change % 13% Product costs (cost of sales) (5.1) (6.0) (15%) • Revenue growth driven by novated leasing settlements and Net revenue 174.4 153.1 14% growth in salary packaging Staff expenses (70.
Slide 22: High cash conversion at 120% of NPATA
Smart Group High cash conversion $m H1 20261 H1 2025 Change % at 120% of NPATA Net cash from operating activities 50.8 52.5 3% As a % of NPATA 120% 138% (18ppt) Capitalised IT development costs (6.9) (4.5) 54% Payments for funding of motor vehicles (2.3) (2.6) 12% • Strong conversion of NPAT to oper
Slide 23: Strong and flexible balance sheet with 0.2x leverage
Smart Group Strong and flexible $m 30 Jun 2026 31 Dec 2025 balance sheet with Cash 46.1 43.4 Other current assets1 305.5 309.4 0.2x leverage Current assets Non-current assets 351.6 343.3 352.8 355.7 Total assets 694.9 708.5 Current liabilities1 325.0 342.9 Borrowings 80.8 80.7 Other non-current liab
Slide 24: Disciplined approach to maximising shareholder returns
Smart Group Disciplined approach to maximising shareholder returns Return on Equity1 (ROE) Digital and technology simplification 31% 30% Allocate capital for medium Investments Customer experience improvements 29% 26% and long-term growth 24% Potential acquisitions or partnerships Operating cash flo
Slide 25: Summary and Outlook
Smart Group Smartgroup. HY 2026 Investor Presentation 04 — Summary and Outlook
Slide 26: H1 2026 Summary
Smart Group H1 2026 Summary Revenue Salary Packages NL volume Cash conversion1 $179.5m +34,000 17% 120% from existing clients growth in +13% and client wins leasing settlements NPATA2 Leases H1 2026 dividend Strong $42.4m +11,600 21.5 cps progress on novated leases under +10% Strategic +11% manageme
Slide 27: Outlook
Smart Group Outlook CY 2026 • Current supportive conditions for continued growth • Uncertainty from the broader economic environment and consumer sentiment • Second half to date new lease vehicle orders and settlements increased on pcp, and direct yield remained within expected range • Continuing to
Slide 28: Appendix
Smart Group Smartgroup. HY 2026 Investor Presentation 05 — Appendix
Slide 29: BEV orders continue to grow across all segments
Smart Group BEV orders continue to grow across all segments BEV1% of new car orders (excludes used and refinanced) 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% H1 H2 H1 H2 H1 H2 H1 H2 H1 2022 2022 2023 2023 2024 2024 2025 2025 2026 Hospital and PBI Education Government Corporate 29 Smartgrou
Slide 30: Reconciliation of earnings to statutory financial statements
Smart Group Reconciliation $m H1 2026 H1 2025 of earnings Net revenue Operating EBITDA 174.4 73.8 153.1 63.6 to statutory One-off costs Segment results 73.8 - 63.6 - financial Net finance costs (1.7) (1.6) Depreciation expense (4.6) (3.6) statements Amortisation expense (6.3) (3.0) Gain on sale of b
Slide 31: Balance sheet
Smart Group 30 Jun 2026 31 Dec 2025 Balance $m statutory statutory Cash 46.1 43.4 Restricted cash 247.3 269.3 sheet Trade and other current assets Current assets 58.2 351.6 40.1 352.8 Property and equipment 3.9 4.4 Smartgroup funded vehicles 8.9 22.9 Right-of-use assets – other 9.2 10.3 Intangible a
Slide 32: Important notice and disclaimer
Smart Group Important notice and disclaimer Disclaimer This presentation has been prepared by Smartgroup Corporation Ltd (ACN 126 266 831) (“Smartgroup”) and is general background information about Smartgroup’s activities current as at the date of this presentation. The information is given in summa
Slide 33: Investor contact
Smart Group Smartgroup. HY 2026 Investor Presentation Investor contact Aline van Deventer ir@smartgroup.com.au 0423 553 434