Netwealth Group Ltd. · ASX:NWL
Netwealth — Shareholder Meeting (November 2026)
38 slides from Netwealth's shareholder meeting presentation, Nov 11, 2026
Slide 1: Netwealth 2026 Annual General Meeting Addresses and Presentation
11 November 2026 For personal use only ASX Announcement Netwealth Group Ltd ABN 84 620 145 404 Netwealth 2026 Annual General Meeting Addresses and Level 6/180 Flinders Street Presentation Melbourne VIC 3000 PO Box 336 Netwealth Group Limited (ASX: NWL) will today address South Melbourne VIC 3205 sha
Slide 2: Chair's Address
2026 Annual General Meeting Addresses and Presentation Chair’s Address For personal use only The 2026 financial year (FY26) was a year of two halves. On one hand, we delivered another year of strong growth and record results. On the other, we worked through the consequences of the First Guardian mat
Slide 3: Chair's Address: First Guardian and Dx30
past four years, total income, Adjusted EBITDA, Adjusted NPAT and dividends per share have each grown at compound annual rates of between 20% and 25%. For personal use only I want to address the First Guardian matter directly. Responding to the collapse of the First Guardian Master Fund was the Boar
Slide 4: Chair's Address continued
environment, where the velocity of change through AI shortens the time available to get AI enabled products to market. For personal use only This should not be taken as a sign that we propose expanding our appetite for acquisitions or expanding our bandwidth by going into adjacencies. Having said th
Slide 5: CEO's Address: quality of growth
The quality of our growth is being maintained. Net flows from new financial intermediaries grew from 6% to 10% of total net flows, up more than 70% to over $1.5 billion. These are typically a key driver of ongoing flows for several years, and most arrived in the third and fourth quarters, so are For
Slide 6: CEO's Address: adviser capacity and Dx30
Our focus is holistic advice for clients who have debt, insurance needs and assets outside super. The constraint is adviser capacity. Around five million Australians will retire over the next five to ten years, and there are only approximately 15,000 licen sed advisers to serve them. Today the For p
Slide 7: CEO's Address: outlook and guidance
We continue to invest in our people. We were recognised with a Silver Award in the Technology category of the 2026 AFR BOSS Best Places to Work Awards, we launched our SCALE leadership development framework, and we developed our 2026 to 2028 Diversity, Equ ity and Inclusion For personal use only Str
Slide 8: About Netwealth
About Netwealth Netwealth is a financial services company listed on the Australian Securities Exchange (ASX: For personal use only NWL). Netwealth was created with an entrepreneurial spirit to challenge the conventions of Australia’s financial services. We are a technology company, a superannuation
Slide 9: Annual General Meeting November 2026
eneral Meeting Annual al use only General Meeting 11 November 2026 Disclaimer: This document is for general use. Modification of content is prohibited unless you have Netwealth’s express prior written consent.
Slide 10: Our purpose
Our purpose is to enable al use only people to see wealth differently and discover a brighter future
Slide 11: Acknowledgement of Country
Acknowledgement of Country al use only We acknowledge the Traditional Owners of the lands on which we work and live. Our offices are located on the lands of the Traditional Owners of the Wurundjeri Woi-wurrung people of the Kulin Nation in Melbourne, the Turrbal and Jagera peoples in Brisbane, the G
Slide 12: Today's presenters and agenda
Today’s presenters Today’s presenters Today’s agenda Michael Wachtel Matt Heine 1. Chair’s address al use only Chair CEO & Managing Director 2. CEO’s address 3. Formal business
Slide 13: Netwealth's Board of Directors
Netwealth’s Board of Directors Netwealth’s Board of Directors Michael Wachtel Matt Heine Michael Heine Chair and Non -Executive CEO and Managing Founder and Non - Director Director Executive Director Joined 2025 Joined 2001 Joined 1999 • Global governance, risk and finance experience. Previously Cha
Slide 14: Other attendees
Other attendees Other attendees Hayden Stockdale Jodie Henson Rita Harris Chief Financial Officer Chief Risk, Legal and Governance Independent Chair of Netwealth Officer and Company Secretary Superannuation Services al use only Joined 2024 Joined 2023 Joined 2020 Lewis Bearman Lani Cockrem Heather B
Slide 15: Items of formal business
Items of formal business Items of formal business Four items of business will be put to the meeting 1 Consideration of the Annual Financial Report and Directors’ and Auditor’s Reports; al use only 2 Adoption of the Remuneration Report; 3 Re -election of Director, Mr Michael Heine; and 4 Approval of
Slide 16: Chair's Address
2026 al use only Chair’s Address Mr Michael Wachtel 1
Slide 17: FY26 Highlights
FY26 Highlights FY26 Highlights FUA & FUM driving growth, delivering attractive shareholder returns FY 26 Change % Change 4 year CAGR FUA $135.7B +$22.9B +20.3% +25.0% al use only FUM $34.6B +$7.5B +27.9% +27.5% Total income $391.1M +$66.7M +20.6% +22.0% Adjusted EBITDA 1 $192.9M +$29.5M +18.0% +22.
Slide 18: Responding, building and investing
Responding, building and investing Responding, building and investing Responding to First Guardian Building on our Momentum Investing for the future al use only Strengthening investment Dx30: ambition to double Adviser capacity + AI governance FUA by FY30 • Program RISE established • Supported by a
Slide 19: Executive Team
Executive Team Executive Team Netwealth Group Limited al use only Matt Heine Jodie Henson Shanyn Payne Hayden Stockdale Nick Walker CEO and Managing Chief Risk, Legal and Chief People Officer Chief Financial Officer Chief Technology Officer Director Governance Officer and Co Sec Lindsay Coates Damia
Slide 20: Thank you
Thank you Thank you al use only • Netwealth Superannuation Services • Our Board of Directors • Our shareholders • Our clients
Slide 21: CEO's Address
2026 al use only CEO’s Address Mr Matt Heine 2
Slide 22: Our competitive position continues to strengthen
Our competitive position continues to strengthen Our competitive position continues to strengthen Netwealth continues to capture a higher share of flows from its primary users than the market average, with 78% of these new flows directed to Netwealth 100% 6% 6% 7% 7% 5% Third or lower platform 90% a
Slide 23: Momentum maintained within the platform sector
Momentum maintained within the platform sector Market share increased by 9.6% (86 bps) to 9.8%. Legacy platforms share was 54.3%, down from 56.2% over the last 12 months Platform providers net funds flows 12 months to June 2026 Platform providers by FUA and market share % at 30 June 2026 and market
Slide 24: Our market opportunity is large and expanding
Our market opportunity is large and expanding Our market opportunity is large and expanding With approximately 2% market share, there is significant opportunity to grow across all key segments Legend NWL Others ■ Where we compete today Platform market $135B $1,150B ■ Future addressable opportunity a
Slide 25: Pathway to Dx30
Pathway to Dx30 Pathway to Dx30 The strength of our platform and expanding opportunity set gives us confidence in our Dx30 ambition Expectations continue to increase Actual (FY22-FY26) Ambition (FY27-FY30) • Adviser / client experience al use only • Service outcomes • Process simplification • Gover
Slide 26: Building a connected advice environment, designed to scale
Building a connected advice environment, designed to scale One integrated platform, unified by data, that turns our expanded opportunity into Dx30 delivery al use only Licensee Adviser Platform Client Portal Advice Tools Solutions Powerful technology for A modern digital Tools that help advisers Vis
Slide 27: Corporate sustainability
Corporate sustainability We focus on four pillars to deliver sustainability for our stakeholders – our core business, our people, strong governance, and positive impact Enhance our core business Foster diversity, talent and wellbeing Operational excellence Culture and values al use only Accelerating
Slide 28: Outlook
Outlook Outlook Total FUA was $139.2B at 30 September 2026. Total FUA at 9 th November was $140.6B FY27 guidance Netwealth’s guidance on a pre Paradino basis (subject to normal market and trading conditions and no material adverse changes in market sentiment, economic conditions or the regulatory e
Slide 29: Business of Meeting
2026 al use only Business of Meeting Mr Michael Wachtel 3
Slide 30: Annual Financial Report and Directors' and Auditor's Reports
Item 1 Item 1 Annual Financial Report and Directors’ and Auditor’s Reports To consider Netwealth’s Annual Financial Report, Directors’ Report and the Independent al use only Auditor’s Reports for the financial year ended 30 June 2026. No resolution is required for this item of business. Any Question
Slide 31: Adoption of the Remuneration Report
Item 2 Item 2 Adoption of the Remuneration Report To consider and, if thought fit, to pass the following resolution as an ordinary resolution: al use only “That the Remuneration Report for the year ended 30 June 2026, which forms part of the Directors’ Report, be adopted.” 23 | FY2026 AGM 11 Novembe
Slide 32: Remuneration Report proxy votes received
Item 2 Item 2 Adoption of the Remuneration Report Proxy Votes Received al use only For Open Against Abstain 108,837,871 64,316 816,766 5,805 99.20% 0.06% 0.74% *Open votes totaling 32,150 (0.03% ) in favour of the Chair (whether by election or default) will be voted in favour of Item 2. 24 | FY2026
Slide 33: Re-election of Non-Executive Director, Mr Michael Heine
Item 3 Item 3 Re -election of Non -Executive Director, Mr Michael Heine To consider and, if thought fit, to pass the following resolution as an ordinary resolution: al use only “That Mr Michael Heine be re -elected as a director of Netwealth.” 25 | FY2026 AGM 11 November 2026
Slide 34: Director re-election proxy votes received
Item 3 Item 3 Re -election of Non -Executive Director, Mr Michael Heine Proxy Votes Received al use only For Open Against Abstain 107,245,982 65,656 2,408,890 100,004,230 97.74% 0.06% 2.20% *Open votes totaling 33,490 (0.03%) in favour of the Chair (whether by election or default) will be voted in f
Slide 35: Approval of CEO's Long Term Incentive Award
Item 4 Item 4 Approval of the CEO and Managing Director’s Long Term Incentive Award To consider and, if thought fit, to pass the following resolution as an ordinary resolution: al use only “That for the purposes of ASX Listing Rule 10.14, approval is given to grant Performance Rights to Mr Matt Hein
Slide 36: CEO LTI Award proxy votes received
Item 4 Item 4 Approval of the CEO and Managing Director’s Long Term Incentive Award Proxy Votes Received al use only For Open Against Abstain 108,743,828 64,316 907,570 9,044 99.11% 0.06% 0.83% *Open votes totaling 32,150 (0.03%) in favour of the Chair (whether by election or default) will be voted
Slide 37: Important notice and disclaimer
Important notice and disclaimer General Information only forecast result will be achieved, or that there is a reasonable basis for any of these statements or forecasts. Forward -looking statements speak only as at the date of this presentation and to the Information provided is general information p
Slide 38: Thank you
Thank you Thank you al use only See wealth differently
Netwealth Group — Shareholder Meeting (November 2026) on 6ix