Slide 1: FY25 Results Investor Presentation
Steadfast Group FY25 Results Investor Presentation 28 August 2025
Slide 2: Contents
Contents FY25 Results Investor Presentation 03 FY25 Highlights 08 Steadfast Australasian broking 12 Steadfast Underwriting Agencies 15 Steadfast International businesses 19 FY25 Financial Summary 26 Appendices 2
Slide 3: FY25 Highlights
FY25 Highlights 3
Slide 4: Continued strong track record since listing on ASX
Continued strong track record since listing on ASX Steadfast Group 1,2 Steadfast Australasian Networks GWP ($b) Steadfast Underwriting Agencies GWP ($b) Underlying EBITA ($m) 700 2.5 14 600 12 2.0 500 10 1.5 400 8 300 6 1.0 200 4 0.5 100 2 2 0 0 0.0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
Slide 5: Group highlights
Steadfast Group Insurance markets • Mid-market still experiencing rate increases • Rates in selected product lines including cyber and PI are moderating Steadfast Underwriting Agencies Group financial performance • Sure launched its new brand Castle Insurance nationally. Regional • Underlying NPATA
Slide 6: Interconnectivity - International expansion strategy
Interconnectivity - International expansion strategy Complementary addition of Novum Underwriting Partners USA EUR AUSTRALASIA Distribution Solutions 6 Technology Functional Support Capital Market Relationships
Slide 7: FY26 guidance
FY26 guidance Steadfast FY26 guidance FY26 guidance range ▪ The guidance is based on achieving 3% - 5% increase in Underlying NPATA $365m - $375m pricing of insurance premiums in Australia. Underlying NPAT $315m - $325m ▪ Key risks are set out in the 2025 Annual Report (pages 50 Underlying EBITA $65
Slide 8: Steadfast Australasian broking
Steadfast Australasian broking 8
Slide 9: Steadfast broking – Australasian Network
Steadfast broking – Australasian Network Sustained growth and further broker acquisitions Financial highlights – FY25 FY25 vs FY24 • Steadfast Australasian Network GWP +6.0% to $12.5b (excludes PSC, Honan and Envest GWP) 1 GWP of $12.5b vs $11.8b • Network GWP is 85% commercial lines (mainly SME), 1
Slide 10: Steadfast broking: solid underlying earnings growth
Steadfast broking Solid underlying earnings growth of 10.6% Equity brokers and network - consolidated & equity accounted (assuming 100% ownership) Effective ownership EBITA Period-on- 12 months to 30 June 2025 Underlying Underlying period Organic Growth from FY25 81% $ million FY25 FY24 growth % gro
Slide 11: Our insurTech
Our insurTech Efficiency through technological advance $1.4b GWP transacted through SCTP in FY25 Steadfast Client Trading Platform (SCTP) • Steadfast remains focused on continually improving SCTP by adding more product lines and new insurers. +15.6% Latest developments include: FY25 growth in GWP tr
Slide 12: Steadfast Underwriting Agencies
Steadfast Underwriting Agencies 12
Slide 13: Steadfast Underwriting Agencies
Steadfast Underwriting Agencies Profitable growth focused on maintaining underwriting discipline, active retention and targeted new business Financial highlights – FY25 Operational highlights • Steadfast Underwriting Agencies GWP +5.9% to $2.5b • Today we have 30 agencies offering over 100 niche pro
Slide 14: Organic growth driven by price and volume
Steadfast Underwriting Agencies Organic growth driven by price and volume Steadfast Underwriting Agencies – consolidated & equity accounted (assuming 100% ownership) 12 months to 30 June 2025 Underlying Underlying Organic Growth from Period-on-period $ million FY251 FY241 growth % acquisitions % gro
Slide 15: Steadfast International businesses
Steadfast International businesses 15
Slide 16: International Businesses: Strategic growth
Steadfast International Businesses Strategic growth FY25 operational highlights • ISU Steadfast ⁻ ISU Steadfast has continued to grow its earnings base and exceeded budgeted FY25 profit Strategic Growth Opportunity ⁻ 7% net growth in members ⁻ Re-branded company to ISU Steadfast UnisonSteadfast Netw
Slide 17: Novum Underwriting Partners
Novum Underwriting Partners A fast-growing specialty MGA and wholesale brokerage based in USA ⁻ In August 2025, Steadfast completed the strategic acquisition of a majority stake in Novum based in the USA ⁻ Novum specialises in the digital delivery of insurance programs on a wholesale basis to agents
Slide 18: Global Connection
Global Connection Our international strategy interconnects distribution and solutions across geographies 18
Slide 19: FY25 Financial Summary
FY25 Financial Summary 19
Slide 20: Group financial performance
Group financial performance Strong underlying earnings growth Underlying earnings 12 months to 30 June Underlying Underlying Period-on-period $ million FY251 FY241 growth % Revenue ($m) 1,825.7 1,676.2 8.9% EBITA ($m) 591.4 528.5 11.9% NPAT ($m) 295.5 252.2 17.2% Diluted EPS2 (NPAT) (cents) 26.7 23.
Slide 21: Drivers of 11.9% growth in underlying EBITA
Drivers of 11.9% growth in underlying EBITA1 Organic and acquisition growth Organic Growth: $46.5m / 8.8% Acquisition Growth: $16.4m / 3.1% 620.0 $16.2m / 3.1% $0.2m / 0.0% $62.9m / 11.9% Millions $46.5m / 8.8% $0.0m / 0.0% 570.0 520.0 470.0 420.0 370.0 $591.4m 320.0 $528.5m 270.0 220.0 170.0 120.0
Slide 22: Strong balance sheet
Strong balance sheet $ million 30 Jun 25 30 Jun 24 Corporate debt facilities (excludes premium funding) increased, and recently extended as follows: Cash and cash equivalents 431 300 $ million Maturity Total Cash held on trust 1,172 1,026 Revolving May 2028 500 Premium funding receivables 800 776 Te
Slide 23: Strong conversion of profits to cash
Strong conversion of profits to cash FY25 cash flow statement Cash flow summary¹ $ million FY25 FY24 Pre-tax cash flow from operating activities before 540.9 460.1 lease obligation payment Free cash flow of $124.9 million Less lease obligation payments (19.9) (22.6) Pre-tax cash flow from operating
Slide 24: Final dividend up 14.0%
Final dividend up 14.0% Final FY25 dividend Underlying diluted EPS (NPAT) (cents per share) 28 • Total FY25 dividends of 19.50 cps (fully franked), up from 17.10 cps in FY24, +13.0% 26 24 • Final FY25 dividend of 11.70 cps (fully franked), up from 10.35 cps in FY24, +14.0% 22 20 • Dividend Reinvestm
Slide 25: Questions
Questions 25
Slide 26: Appendices
Appendices Steadfast Group (slide 27) Steadfast Australasian Network (slide 31) Steadfast Underwriting Agencies (slide 38) Steadfast International Businesses (slide 40) Our insurTech (slide 44) FY25 detailed financials (slide 48) 26
Slide 27: Steadfast Group
Steadfast Group 27
Slide 28: Steadfast Group global footprint
Steadfast Group Approximately 645 network brokers and agencies globally with ~AU$25b¹ premium (excluding UnisonSteadfast) UK Australia USA ▪ Broker Network ▪ Specialist Wholesale Broker ▪ MGAs ▪ Agency Network Singapore ▪ Complementary Businesses Germany ▪ Broker Network ▪ Equity in brokers ▪ MGAs ▪
Slide 29: Business units focused on the intermediated general insurance market
Business units focused on the intermediated general insurance market Steadfast Group as at 30 June 2025 Steadfast Group (listed on ASX) Steadfast Australasian Steadfast International businesses Steadfast Underwriting Agencies Complementary Businesses Broker Networks 402 general insurance brokers wit
Slide 30: Size and scale
Size and scale Steadfast Group as at 30 June 2025 General insurance broker networks in Largest group of underwriting agencies in Agency network in USA Australasia Australasia AU$12.5 b 402 ~US$7.0 b 241 $2.5 b 30 Annual GWP1 Steadfast Network brokers Total premium ISU Steadfast members Annual GWP1 U
Slide 31: Steadfast Australasian Network
Steadfast Australasian Network 31
Slide 32: General insurance broker network operating in Australasia
General insurance broker network operating in Australasia Steadfast Australasian Network Steadfast Steadfast Network Strategy Australasian Network The Steadfast Network has 402 general insurance brokers in Exclusive to Steadfast Network brokers AU$12.5b ▪ Be the best solution for our clients’ needs
Slide 33: Australasian Networks brokers since IPO
Steadfast Australasian Networks 354 brokers have joined Steadfast’s Australasian Networks since IPO Number of Steadfast Network brokers1 700 650 34 163 77 600 550 31 34 23 500 178 20 450 2 20 402 400 350 300 276 250 200 August New brokers Allied NZ Insight IBNA Singapore Merged Sold externally Leave
Slide 34: Broker office footprint
Steadfast Australasian Broker Networks Broker office footprint The Steadfast Network is 8 comprised of Insurance Brokers & Authorised Representatives 60 Asia 1,794 broker offices NT 358 Across Australia, New Zealand QLD and Asia WA SA NSW 449 142 402 Network Brokers 18 96 VIC ACT 160 AU$12.5b New Ze
Slide 35: Australia – resilient SME client base
Steadfast Australian Network Australia – resilient SME client base 1 GWP mix Diversified by product line Diversified by geography Diversified by insurer Business pack 15% QBE 15% VIC 38% Strata 9% CGU 13% Micro (Policy size <$650) 1% NSW 28% Commerical motor 13% Small Enterprise (Policy size $650 -
Slide 36: Increasing Steadfast Group's share of growing Network GWP
Increasing Steadfast Group’s share of growing Network GWP Steadfast Australasian Network • Since IPO, Steadfast has successfully implemented the dual strategies of growing our networks as well as increasing equity stakes in network brokers FY13 (IPO) FY25 Steadfast Network total GWP Steadfast Networ
Slide 37: Australian equity brokers share of GWP
Steadfast Australian equity brokers share of GWP Steadfast subsidiary equity brokers have diversified books across all general insurance lines Mar25 R12 Equity broker GWP by policy type (%) 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Commercial Domestic motor Employers' Fire and Houseowners Marine an
Slide 38: Steadfast Underwriting Agencies
Steadfast Underwriting Agencies 38
Slide 39: Underwriting Agencies Portfolio
Steadfast Underwriting Agencies Portfolio Highly diversified portfolio providing good sustainability and growth prospects 39 1 Merged with Miramar/ Procover.
Slide 40: Steadfast International Businesses
Steadfast International Businesses 40
Slide 41: ISU Steadfast
ISU Steadfast United States of America In October 2023, Steadfast acquired 100% of ISU Group, a leading independent agency network in the USA. Since the acquisition, ISU Steadfast has had c.10% net growth in members and growth in premium to ~US$7b, up from ~US$6b. ISU Steadfast Snapshot ISU Steadfas
Slide 42: HWS Specialty
HWS Specialty United Kingdom In December 2024, Steadfast acquired 100% of H.W. Wood, a specialist wholesale broker in London. Since the acquisition, HWS Specialty has been launched to our global networks in Australia, New Zealand, Singapore, USA and UnisonSteadfast. • Acquisition expands Steadfast G
Slide 43: UnisonSteadfast
UnisonSteadfast One of the world’s largest global general insurance broker networks, offering multi-jurisdictional coverage 700+ Referrals between Steadfast Network brokers and 295 UnisonSteadfast. Brokers in Network UnisonSteadfast global network (based in Germany) 113 countries 60% equity ownershi
Slide 44: Our insurTech
Our insurTech 44
Slide 45: Steadfast Client Trading Platform – benefits
Our insurTech Steadfast Client Trading Platform – benefits for clients, brokers and insurers ▪ Market-leading technology – exclusive to Steadfast Network brokers, clients and participating insurers ▪ Benefits for clients: ꟷ Genuine contestable marketplace generating improved pricing, competition and
Slide 46: Insurer and underwriting agency partners on the SCTP
Our insurTech Insurer and underwriting agency partners on the SCTP AUBusiness [AIG] Allianz@ Siam cHuse e Hollard. ® k * QBE ae vero\! @zvricu NZ Business / nek [Aig] delta > WA 8 vero\! Commercial a oy BLUE oie Aliane@® Kiizese © Hollord. anti 8 @zwzricn NZ Domestic Home, Landlord, Private Motor Ri
Slide 47: Steadfast Technologies
Our insurTech Steadfast Technologies Steadfast Client Trading Platform Insurebot SCTP is a digital marketplace which provides Steadfast INSIGHT is an insurance broking platform with a Steadfast Apps is a hybrid CRM and workflow automation Insurebot is an online broker platform that streamlines Netwo
Slide 48: FY25 detailed financials
FY25 detailed financials 48
Slide 49: Reconciliation of statutory NPAT to underlying NPAT
Reconciliation of statutory NPAT to underlying NPAT 12 months to 30 June $ million FY25 FY24 Statutory NPAT attributable to owners of Steadfast Group Limited 334.9 228.0 Adjustments for non-trading items (net of tax and non-controlling interests): Net deferred/contingent consideration expense (exclu
Slide 50: Reconciliation of statutory to underlying earnings
FY25 detailed financials Reconciliation of statutory to underlying earnings 12 months ended 30 June 2025 Total statutory Reclassifications Non-trading items Total underlying $ million Net fee and commissions income 1,320.3 192.1 2.3 1,514.7 Premium funding interest income 123.5 0.0 - 123.5 Share of
Slide 51: Statement of underlying income
FY25 detailed financials Statement of underlying income 12 months ended 30 June 2025 Underlying Underlying Period-on-period Organic Acquisitions & $ million FY25 FY24 growth % growth %2 hubbing growth %3 Fees and commissions1 1,517.7 1,405.5 7.8% 4.1% 3.7% Interest Income 60.2 49.4 21.9% 19.0% 2.9%
Slide 52: Statement of income (underlying)
FY25 detailed financials Statement of income (underlying) Underlying Underlying Underlying Underlying Underlying Underlying Underlying Underlying $ million 2H25 1H25 2H24 1H24 2H23 1H23 2H22 1H22 Fees and commissions¹ 793.8 720.9 744.4 661.1 638.1 573.5 540.7 452.9 Interest Income 27.3 32.9 25.6 23.
Slide 53: Statutory cash flow statement
FY25 detailed financials Statutory cash flow statement $ million FY25 FY24 $124.9m free cash flow in FY25 $ million Cash flows from operating activities Cash from operations 540.9 Net cash from operating activities before customer 393.6 314.9 trust account and premium funding movements Less lease ob
Slide 54: Important notice
Important notice This presentation has been prepared by Steadfast Group Limited (“Steadfast”). This presentation contains information in summary form which is current as at 28 August 2025. This presentation is not a recommendation or advice in relation to Steadfast or any product or service offered
Slide 55: Thank you
Thank you <gt; Steadfast THE STRENGTE YOU NEED