Osb Group Plc · LSE:OSB
Osb — Investor Presentation (March 2026)
42 slides from Osb's investor presentation, Mar 25, 2026
Slide 1: Investor Spotlight
Investor Spotlight OSB Group’s market leading professional Buy-to-Let franchise 25 March 2026 OSB GROUP PLC | Investor spotlight
Slide 2: Agenda for today
Agenda for today Introduction Andy Golding #1 specialist lender for Buy-to-Let Jon Hall Benefits of transformation Matthew Baillie Concluding remarks Andy Golding Q&A with management Presenters, Victoria Hyde 2 OSB GROUP PLC | Investor spotlight
Slide 3: UK Private Rented Sector is a growth market
UK Private Rented Sector is a growth market Private Rented Sector is structurally embedded 19% of all homes are within the UK property market rented privately Population growth outstrips Demand for rental housing will remain robust growth in housing stock 3:1 Housing gap Supply constraints will pers
Slide 4: Specialist Buy-to-Let will remain a key component of the Group's secured lending portfolio
Specialist Buy-to-Let will remain a key component of the Group’s secured lending portfolio Specialist lenders comprise £72bn OSB Group is the UK’s largest Private Rented Sector is an of the Buy-to-Let market1 specialist Buy-to-Let lender1… attractive market financed by a range of providers OSB Speci
Slide 5: Why is professional Buy-to-Let attractive?
Why is professional Buy-to-Let attractive? 1 3 Large market with supportive fundamentals… • Shortage of new home construction • Population growth …and a compelling business case for the Group • Growth in housing stock over time expands the opportunity to lend • Enhanced margin and growth potential f
Slide 6: A reminder of the Group's Plan
A reminder of the Group’s Plan Building on the Transforming the Driving growth #1 Specialist strengths that way we operate and lender have delivered our business diversification success • Relationships with • We are building our • Accelerated growth • Improving RoTE and new leading in lending, optim
Slide 7: Jon Hall
Jon Hall Group Managing Director, Mortgages and Savings 7 OSB GROUP PLC | Investor spotlight
Slide 8: Buy-to-Let is set for growth driven by professional landlords = a core market for OSB
Buy-to-Let is set for growth driven by professional landlords = a core market for OSB Structural drivers Supply is consolidating OSB is uniquely placed support long-term PRS to professional for professional growth landlords landlords • Structural housing • Limited company structure • Market leadersh
Slide 9: A positive structural outlook for the UK Private Rented Sector
A positive structural outlook for the UK Private Rented Sector 9 OSB GROUP PLC | Investor spotlight
Slide 10: Structural supply shortage is driving sustained demand for rental housing
Structural supply shortage is driving sustained demand for rental housing 4.9m1 or 19%2 of all properties are rented privately in England • The current housing gap, 4.3m homes3, is Dwelling stock by tenure, England material in driving a shortage of new housing 30m stock 25m • Government housing plan
Slide 11: Affordability pressures and lifestyle choices are increasing long-term rental demand
Affordability pressures and lifestyle choices are increasing long-term rental demand Nearly two-thirds of all private renters are under • 16-24 and 25-34 age groups, the fastest- the age of 45, with the age of FTBs increasing1 growing demographics in 2024, rent most Tenure by age group • FTBs buy la
Slide 12: Strong tenant demand supports rental growth and positive landlord returns
Strong tenant demand supports rental growth and positive landlord returns Rental yields remain Rents in the UK have increased strong at 6.4%1 34% since the pandemic2 • Tenant demand and rental growth, 87% of landlords have a positive outlook1 Rental yield Rental prices and growth • Landlords profita
Slide 13: Case Studies demonstrate tenant satisfaction
Case Studies demonstrate tenant satisfaction Georgia, Chris, tenant tenant Age: 25 Age: 46 Relationship status: Single Relationship status: Previously divorced. Has a partner and one child. Current living situation: Now living with parents in Chester after three years in Current living situation: a
Slide 14: Professional landlords driving forward the UK Buy-to-Let market
Professional landlords driving forward the UK Buy-to-Let market 14 OSB GROUP PLC | Investor spotlight
Slide 15: Professional landlords have been the growth engine in UK Buy-to-Let over the past decade
Professional landlords have been the growth engine in UK Buy-to-Let over the past decade powered by OSB Case Study – 9 years with OSB Total portfolio value £80m which has grown from £9m in 2020 Started in 2016, now has 91 properties. Focuses on investing in houses in multiple occupation in Oxfordshi
Slide 16: The Buy-to-Let market is consolidating toward professional landlords with complex financing needs
The Buy-to-Let market is consolidating toward professional landlords with complex financing needs Legal structure Higher average Diversification of as a limited portfolio size property types company c.75% of Buy-to-Let purchases c.50% of Buy-to-Let properties in were made through a limited 21% of la
Slide 17: Professional landlord confidence is high post recent developments
Professional landlord confidence is high …post recent developments, having adapted to the evolving market Taxation Renters Rights Warm Homes; Changes Act 2025 EPC & MEES1 (Budget 2025) • Incorporated landlords remain • Can spread impact of abolition of • Expenditure spread across subject to corporat
Slide 18: Intergenerational wealth moving into 'next generation' landlords
Intergenerational wealth moving into ‘next generation’ landlords • A future growth driver in Buy-to- % Motivated to become landlords in order to... Let will be through inheritance Play a positive role in a Have a positive impact Provide housing for particular area or those who need it on tenants’ li
Slide 19: OSB 'Landlord Leaders' in Buy-to-Let
OSB ‘Landlord Leaders’ in Buy-to-Let OSB’s deep expertise delivers benefits to intermediaries, landlords and all involved in the Private Rented Sector through the OSB convened ‘Landlord Leaders Community’ Benefit = 1st choice specialist for professional landlords with intermediaries above other Buy-
Slide 20: OSB the #1 Buy-to-Let specialist
OSB the #1 Buy-to-Let specialist 20 OSB GROUP PLC | Investor spotlight
Slide 21: OSB is the #1 Buy-to-Let specialist, trusted partner for professional landlords
OSB is the #1 Buy-to-Let specialist, trusted partner for professional landlords: Easier, better, faster Case study 1 Case study 2 Case study 3 Experienced ‘Life stage’ Leading rental landlord landlord property developer 25+ years experience in Buy-to-Let. Properties for all stages of a tenant's Buil
Slide 22: OSB is built differently to other lenders
OSB is built differently to other lenders Scale = Confidence Expertise = Meets Needs Speed = Certainty Flexible = Specialist Relationships = Trust Accommodate Efficient Trust Quick Support Faster Relationship Edge Recommend Stable Flexibility Scale Accurate Complex Reputation Non-Standard Adaptable
Slide 23: OSB's structural Right to Win for Professional Buy-to-Let
OSB’s structural Right to Win for Professional Buy-to-Let 1 2 Trusted relationship leadership with Product innovation through understanding intermediaries professional landlord needs • Scaled distribution model with 100+ dedicated • Flexibility, Speed, Complexity made simple sales relationship manag
Slide 24: Rely: One Buy-to-Let super brand from OSB
Rely: One Buy-to-Let super brand from OSB • New brand designed to give property investors and their intermediaries ‘the winning edge’ to succeed • New platform transforms the lending experience for brokers, borrowers and colleagues • Further opportunity to deepen relationships for professional landl
Slide 25: OSB delivers an award winning Intermediary experience
OSB delivers an award winning Intermediary experience1 Award winning experience for intermediaries OSB’s Buy-to-Let broker performance3 allows standout growth and offsets being Eli gibility solely rate driven. It also encourages repeat business Commission Price We commissioned third party research i
Slide 26: Buy-to-Let is set for growth driven by professional landlords = a core market for OSB
Buy-to-Let is set for growth driven by professional landlords = a core market for OSB Structural drivers Supply is consolidating OSB is a uniquely support long-term to professional advantaged Private Rented Sector landlords for professional growth landlords 26 OSB GROUP PLC | Investor spotlight
Slide 27: Matthew Baillie
Matthew Baillie Group Chief Operating Officer 27 OSB GROUP PLC | Investor spotlight
Slide 28: Transformation delivery on track
Transformation delivery on track Delivery timeline on track A modern platform with flexibility to evolve as the business grows Broker BTL soft BTL Public Residential Modern CRM platform, core banking and Further registration launch launch launch origination capability lending products added May‘25 J
Slide 29: Our new customer centric lending platform
Our new customer centric lending platform Broker Application data Post offer & registration/ Valuation Underwriting processing & Decisioning completions management workflow broker portal validation processing Process Transformation • Single • Single data • Dynamic • Decision • Fully • Decision origi
Slide 30: Delivering operational efficiencies
Delivering operational efficiencies Broker Application data Post offer & registration/ Valuation Underwriting processing & Decisioning completions management workflow broker portal validation processing Process Existing Overnight batch 5 100+ 0% 100% 5 days systems processing Registrations Fields re
Slide 31: Driving efficiency through an accelerated mortgage process
Driving efficiency through an accelerated mortgage process Enhancing the customer experience… Application to Agreement in Application to Offer Offer to Completion Principle <10 minutes 2 hours 22 days for straight through cases for straight though cases and a 30% on average versus 44 days for suppor
Slide 32: Future proofing with AI
Future proofing with AI AI is being developed and progressively deployed across the Group, examples include: Fraud Income verification Software prevention and data validation1 development • Real-time pattern analysis enables • Automated extraction and • Supports code generation, earlier detection of
Slide 33: Andy Golding
Andy Golding Chief Executive Officer 33 OSB GROUP PLC | Investor spotlight
Slide 34: OSB Group uniquely positioned to win
OSB Group uniquely positioned to win Societal structural Professional landlords OSB Group uniquely shortage of housing well positioned to fulfil positioned to win this demand The Provision The OSB solution The Need Professional landlords • Scale to deliver for • More high- deliver landlords as they
Slide 35: Appendix
Appendix 35 OSB GROUP PLC | Investor spotlight
Slide 36: Delivering on our Plan
Delivering on our Plan BTL to remain our largest segment, whilst carefully accelerating higher-yielding lending Gross loan book Gross loans1 Originations1 OSB Group Yield2 2029 2025 2025 2024 BTL < 60% of Sub-segments: 2024 Buy-to-Let 6% portfolio 41% 68% 1 Buy-to-Let 2% 1% 70% 48% Residential 7% 2%
Slide 37: Basel 3.1 - Effective 1 January 2027
Basel 3.1 - Effective 1 January 2027 • Overall higher risk weights for Buy-to-Let lending, partially offset elsewhere in the portfolio by lower risk weights on owner occupied mortgages • Pricing adjusted to reflect higher capital consumption of Buy-to-Let lending Risk weighting1 Current Basel 3.1 20
Slide 38: Our near-term guidance and medium-term aspirations
Our near-term guidance and medium-term aspirations Second year of the transition period 2026 Guidance 2027 – 2029 Aspiration Net loan book growth Broadly similar to 2025 Mid single digit if returns meet our requirements outcome NIM circa 225bps Loan book Buy-to-Let to comprise ≤60% of the net loan b
Slide 39: Case Studies demonstrate tenant satisfaction
Case Studies demonstrate tenant satisfaction Positives on renting Renting provides peace of mind Past rental experience: On rental increase: Georgia, I had rented by myself for three Chris, If the boiler breaks it’s not my tenant years, I moved out in the middle of tenant problem, that’s a £1,500 pr
Slide 40: Presenters and panellists' biographies
Presenters and panellists' biographies Andy Golding Victoria Hyde Matthew Baillie Jon Hall Chief Executive Officer Chief Financial Officer Group Chief Operating Officer Group Managing Director, Mortgages and Savings Prior to his appointment as Chief Executive Prior to joining OSB Group in September
Slide 41: Important disclaimer
Important disclaimer This document should be read in conjunction with any other documents or announcements distributed by OSB GROUP come to pass or that any forecast results will be achieved. Any forward-looking statements made in this document PLC (OSBG) through the Regulatory News Service (RNS). s
Slide 42: Important disclaimer (continued)
Important disclaimer (continued) OSBG does not assume responsibility for the correctness of any business or market data included in this document. Information provided by third parties has been accurately reproduced and, as far as OSBG is aware and has been able to ascertain through comparison with