Slide 1: Market Announcement
Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 MARKET ANNOUNCEMENT www.computershare.com Date: 6 May 2025 To: Australian Securities Exchange S
Slide 2: Macquarie Australia Conference
6 May 2025 Macquarie Australia Conference Stuart Irving – CEO & President Nick Oldfield - CFO
Slide 3: Computershare investment case
Computershare investment case High quality, capital light business with long term growth track record Group Revenue (USD M) EBIT Margin (%) Track record – long term earnings growth, margins and returns to shareholders 37.5% 1,508 High quality, capital light business with recurring Average historical
Slide 4: Computershare's integrated business model
Computershare’s integrated business model Growth in high quality recurring fees and market sensitive transaction revenues, MI resilient Revenue Profile Financial Performance 1,800 120 35.0% 31.9% 1,600 1,500 +6.4% 30.0% 1,410 100 1,400 99 1,255 25.3% 25.0% 1,200 80 777 +4.7% 83 66 742 1,000 20.0% AU
Slide 5: 1H25 Business performance
1H25 Business performance Revenue growth drives earnings improvement and margin expansion Issuer Services Corporate Trust Employee Share Plans Including Margin Income Including Margin Income Including Margin Income 800 37% 600 54% 250 42% 500 200 232.0 40% 600 36% 53% 400 490.4 198.8 38% 457.1 150 U
Slide 6: Capital light. Cash generative. Strong shareholder returns
Capital light. Cash generative. Strong shareholder returns Balance Sheet strength provides flexibility to fund innovation, pursue acquisitions and reward shareholders Shareholder Cash flow Capex Debt leverage returns ~ Cash conversion rate reflects Capital light business requires low Historically lo
Slide 7: 2H Performance update
2H Performance update Guidance upgraded in February, affirmed. Management EPS +15% v. PCP Revenue ex MI Strong recurring fee revenues. Continuing momentum in Employee Share Plans trading volumes and higher than anticipated stakeholder relationship management activity. 2H in line with expectations Co
Slide 8: Medium term outlook
Medium term outlook Enduring and robust business model delivers returns through the economic cycle • Simplified Group and built scale in markets with positive growth drivers: debt Growth drivers issuance and securitisations, increasing use of equity in remuneration and governance trends Enhancing gr
Slide 9: Positive FY25 outlook
Positive FY25 outlook Guidance affirmed - Management EPS around 135cps, +15% vs pcp Prior – disclosure at Updated – disclosure at February 2025 May 2025 140 Guidance compared to ~135cps, +15% vs pcp Affirmed FY24 Group results 135 1.2 Key assumptions 4.0 EBIT ex MI Up around 30% Affirmed 130 MI Arou
Slide 10: Margin Income, yields and average client balances
Margin Income, yields and average client balances FY25 MI updated to be ~ $750m. 2H25 MI expected to be lower than 1H25 given lower balances and rates February Disclosure Updated Outlook 2H25E is expected to be FY25E Avg FY25E Avg FY25E Avg FY25E Avg Margin Income by half year $36m below 1H25 Client
Slide 11: 2H25 Management EPS bridge
2H25 Management EPS bridge Business performance, cost out and seasonality exceeds tax and MI headwinds, EPS to be up 7.2% v. 1H 78 76 74 6.0 72 11.0 0.9 2.0 US cps 70 0.5 68 66 64 70 69 62 65.3 60 58 1H25 EPS Business Margin Interest Tax 2H25 EPS Buyback 2H25 EPS performance, Income Expense at 1H25
Slide 12: Building a higher quality Computershare
Building a higher quality Computershare A business built on trust, technology, long-standing client relationships and execution capability High quality, capital Leading positions Longstanding Strong free cash Successful Ambition, light business with in large markets We flowwill client manage balance
Slide 13: Important notice
Important notice Summary information • This announcement contains summary information about Computershare and its activities current as at the date of this announcement. • This announcement is for information purposes only and is not a prospectus or product disclosure statement, financial product or