Harmoney Corp Ltd · ASX:HMY

Harmoney — Investor Presentation (August 2026)

32 slides from Harmoney's investor presentation, Aug 20, 2026

  1. Slide 1: FY26 Investor Presentation

    FY26 Investor Presentation ASX HMY David Stevens CEO and Managing Director Simon Ward CFO All values are in $AUD unless stated otherwise HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 1

  2. Slide 2: Contents

    Contents 1. FY26 Highlights 2. FY27 Profit guidance 3. About us 4. Financial results 5. Outlook Appendix HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 2

  3. Slide 3: FY26 Highlights

    FY26 Highlights HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 3

  4. Slide 4: FY26 Highlights vs FY25 (pcp)

    FY26 Highlights vs FY25 (pcp) $13.5m Cash NPAT 33% Cash RoE $10.2m Statutory Lending & book growth $12m initial guidance, Full year cash return on NPAT Australian loan book +14%. upgraded to $13m in equity up from 16% to 86% growth, driven by New Zealand loan book +11% (NZD). February, delivered 33%

  5. Slide 5: FY26 upgraded guidance beat

    FY26 upgraded guidance beat Upgraded FY26 Initial FY26 Guidance FY26 Actual August 2025 Guidance February 2026 Cash NPAT $12m $13m $13.5m $889m Group Loan Book $900m $900m ($905m at avg. FY26 FX rate) Cash NPAT achieved $13.5m ● Cash NPAT: $13.5m (Guidance upgraded from $12m to $13m at 1H26, now exc

  6. Slide 6: FY27 Profit guidance

    FY27 Profit guidance HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 6

  7. Slide 7: FY27 Guidance: Cash NPAT $16m+

    FY27 Guidance: Cash NPAT $16m+ FY26 Actual FY27 Guidance Cash NPAT $13.5m $16m+ Cash NPAT Share buy-back extended 187% CAGR ● The Board and management continue to see significant value in Harmoney’s equity at current levels. ● On-market buy-back of shares can recommence following the release of these

  8. Slide 8: About us

    About us HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 8

  9. Slide 9: Fair, simple, personal loan

    What sets Harmoney apart Fair, simple, personal loan Loans up to $100,000, average $18,000 Data driven, automated lending Personalised pricing ● Scalable, automated online personal lending across AU & NZ. 5.76% - 24.99% ● Market opportunity >$150bn, current market share <1%. One establishment fee, ●

  10. Slide 10: Our customer flywheel: Acquire once, earn 2.5X

    Our customer flywheel: Acquire once, earn 2.5X We’ve built a self-reinforcing growth engine where each customer generates 150% in subsequent lending at near-zero marginal acquisition cost. 150% ~0% 15 Subsequent Lending Repeat Customer CAC Months Existing customers borrow an vs. ~5.6% for new custom

  11. Slide 11: How the Flywheel works

    How the Flywheel works Result: Unit economics Four stages that create compounding Customer Acquisition that compound economics with each customer ● ~5.6% CAC via Google/AEO/Partners ● Prime customer profile First Loan ● $18,000 loan Data Intelligence 1 ● ~5.6% CAC = $1,000 ● Quality 1st party data ●

  12. Slide 12: Financial results

    Financial results HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 12

  13. Slide 13: Improvements across all key metrics

    Improvements across all key metrics FY26 FY25 Change Loan book $889m $829m 7% Revenue $145m $132m 10% Net interest margin 10.2% 9.3% 90bps improvement Risk adjusted margin 6.4% 5.7% 70bps improvement Acquisition to originations ratio 3.1% 3.4% 30bps improvement Cost to income ratio 17.8% 18.9% 110bp

  14. Slide 14: Strong loan book and revenue growth in both markets

    Strong loan book and revenue growth in both markets Loan book growth of 7% Revenue growth of 10% ● Group loan book growth +7% impacted by low NZD. 10% Growth ● AU loan book growth +14%. Now 62% of Group. ● NZ loan book (local currency) growth +11% and originations +45%, following Stellare 2.0 relea

  15. Slide 15: Enviable net interest margin and risk adjusted margin continue to improve

    Enviable net interest margin and risk adjusted margin continue to improve Loan book and margin growth Margin drivers ● Interest rate on loan book steady at 16.9%. ● Funding rate reduced 100bps to 6.8%. ● Net Interest Margin (NIM) increased 90 bps to 10.2%. ● Credit losses up slightly to 3.9% (pcp: 3

  16. Slide 16: Stable credit performance

    Stable credit performance Credit losses remain stable Annualised loss rate ● Deep consumer-direct data and AI credit models delivering prime loan book with 70% employed in professional, office or trades roles and 88% aged 30+. ● Credit losses up 20bps to 3.9%. Expected to remain within 3%-4% target ra

  17. Slide 17: Stellare automation continues increasing profitability

    Stellare ® automation continues increasing profitability Growth and scalability drive profit Cost to income ratio 18% Cost to ● Loan book up +7%, revenue up +10%, cash income % Loan book $ operation costs up +3%. ● Stellare® platform automation continues to improve our operating leverage, with our i

  18. Slide 18: Harmoney is well capitalised for significant growth

    Harmoney is well capitalised for significant growth Current cash supports $1.9b loan book Reinvested profits fund loan book growth beyond $1.9b ● Growing profits fund future loan book growth, (i.e. $1m profit funds $30m loan book growth). Unrestricted Cash $27m Supports 113% growth to $1.9b ● FY26 pr

  19. Slide 19: Outlook

    Outlook HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 19

  20. Slide 20: FY27: Accelerating the Flywheel

    FY27 Accelerating the Flywheel Customer Acquisition PROGRESS Deliver Experience PROGRESS 1 2 What we’re building What we’re building ● Next generation AI underwriting with ● Multi-product customers (personal+auto) Stellare® 2.0 ● Life event triggered lending Originations Vehicle loan ● Embedded fina

  21. Slide 21: Intermediary channel: NZ & Australia now live

    Intermediary channel: NZ & Australia now live New Zealand Australia First partner live, second partner onboarding First partner live ● Technology designed with first New Zealand ● First partner onboarded two weeks ago. partner, live in 4Q26. Second partner onboarding. ● Already funded over $1m in sec

  22. Slide 22: Combined effect: Flywheel acceleration

    Combined effect: Flywheel acceleration More customers + Higher lifetime value + Faster velocity Stellare = Accelerated profit growth FY27 Cash NPAT Guidance $16m+ HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 22

  23. Slide 23: Appendix

    Appendix HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 23

  24. Slide 24: $889m Loan Book

    $889m Loan Book Loan Employment purpose Region status HARMONEY ©2026 FY26 INVESTOR PRESENTATION 20 AUGUST 2026 24

  25. Slide 25: Market Cap vs Business value

    Market Cap vs Business value Existing loan book value + Business value at 30 June 2026 ● Proprietary, highly automated Stellare® customer acquisition and credit assessment engine. Over 10,000 $135m+ new applicants create an account every month. income and assets embedded ● Existing customer base ret

  26. Slide 26: 28% Management/Board owned, plus 10% shareholder aligned long term incentive plan

    28% Management/Board owned, plus 10% shareholder aligned long term incentive plan HMY Shareholder Composition Long term incentive share plan ● LTI targets approved at December 2025 AGM. ● Targets are based on shareholder-aligned Earnings Board & management per Share (EPS) growth and Total Shareholde

  27. Slide 27: Experienced & shareholder aligned leadership team

    Experienced & shareholder aligned leadership team Deep FinTech experience, large shareholdings (Board & Management 28%) and long term incentive share plan. Long term commitment with average tenure 7+ years across the leadership team. David Stevens Simon Ward Brad Hagstrom Anna Cupples Glen MacKellai

  28. Slide 28: Join our Investor Hub: harmoney.com.au/invest

    Join our Investor Hub: harmoney.com.au/invest ● Investor Hub is the best way to stay informed and connected with all things ASX: HMY. ● Comment and ask questions directly to Harmoney’s leadership team and see other investors questions and responses. ● See videos accompanying our ASX announcements, i

  29. Slide 29: Profit and Loss

    Profit and Loss Year ended Year ended 30 June 2026 30 June 2025 Change Change % $'000 $'000 $'000 Interest income 144,971 131,828 13,143 10% Other income - 419 (419) (100%) Total income 144,971 132,247 12,724 10% Interest expense 57,376 58,997 1,621 3% Incurred credit losses 33,062 28,843 (4,219) (1

  30. Slide 30: Key operating and financial metrics

    Key operating and financial metrics Year ended Year ended 30 June 2026 30 June 2025 Change % Loan book value and growth Total originations ($'000) 482,454 398,845 21% New customer originations ($'000) 266,145 245,610 8% Existing customer originations ($'000) 216,309 153,235 41% Loan book (period end

  31. Slide 31: Cash Flow Balance Sheet

    Cash Flow Balance Sheet Year ended Year ended 30 June 2026 30 June 2025 30 June 2026 30 June 2025 $'000 $'000 $'000 $'000 Cash flows from operating activities Cash and cash equivalents 43,201 52,617 Interest received 138,983 131,179 Trade and other assets 2,307 3,594 Interest paid (56,600) (58,143) F

  32. Slide 32: Important notice and disclaimer

    Important notice and disclaimer The material in this presentation is provided for general information purposes No representation or warranty, express or implied, is made as to the fairness, only and is current as at the date of this presentation. It is not a prospectus or completeness, accuracy, ade

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