Omni Bridgeway Ltd · ASX:OBL
Omni Bridgeway — Investor Presentation (February 2026)
28 slides from Omni Bridgeway's investor presentation, Feb 26, 2026
Slide 1: 1H26 results
1H26 results 26 February 2026
Slide 2: Contents
Contents 01 Highlights 02 Portfolio performance 03 Financial results 04 Strategic update 05 Annexures Please refer to the notes and footnotes contained in Annexures, which are an integral part of this presentation. 1H26 RESULTS | 26 February 2026 2
Slide 3: Highlights
01 Highlights 1H26 RESULTS | 26 February 2026 3
Slide 4: Key messages
Key messages 1H26 Summary 1H26 Highlights 2H26 Outlook Highlights • Positive 1H26, tracking at or above key Opex reduced Fee income increased • On track to achieve or exceed targets targets, with excellent investment (A$m) (A$m) for opex, fee income and cost metrics, and solid progress on corporate
Slide 5: Highlights – Investment performance
Highlights – Investment performance (for the 6 months ended 31 December 2025) Investments Realisations Highlights Assets under management (AUM) 2 Total proceeds A$5.5bn A$223.7m Up 5% from 30 June 2025 A$37.8m of OBL-only proceeds performance Portfolio Portfolio fair value 3, 4 Fair value conversion
Slide 6: Highlights – Business performance
Highlights – Business performance (for the 6 months ended 31 December 2025) Statutory accounts (IFRS) 8 OBL-only (Non-IFRS) Equity metrics Highlights Total income Total income Total book value per share (IFRS) 9 A$179.5m A$159.1m A$3.20 per share Up 7% on FY25 performance Portfolio NPBT Fee income R
Slide 7: Portfolio performance
02 Portfolio performance 1H26 RESULTS | 26 February 2026 7
Slide 8: Continued strong investment performance metrics
Continued strong investment performance metrics • Generated a strong uncorrelated return of 2.6x MOIC from a diversified set of 45 full and partial completions. Highlights • This compares to 2.4x MOIC 1 full life to date across all vintages, over multiple decades and economic cycles. • The 45 full a
Slide 9: Portfolio construction and diversification
Portfolio construction and diversification 12 • The portfolio is well diversified, both geographically and by area of law across over 300 active investments. Highlights • Low concentration of fair value and commitments on 10 largest investments, further mitigates risk of negative binary outcomes. •
Slide 10: Continued strong portfolio growth
Continued strong portfolio growth Total commitments and deployments on active investments Total portfolio fair value Highlights A$1.9bn A$3.8bn performance Portfolio R CAG R 23% A$3.8bn C AG A$1.9bn 31% A$1.8bn A$3.6bn A$3.2bn A$1.5bn A$2.8bn Financial A$2.5bn results A$1.1bn A$1.1bn A$1.1bn A$0.7bn
Slide 11: Total portfolio fair value movement
Total portfolio fair value movement • Fair value movement of the portfolio is Highlights mainly driven by: - Discount unwind; A$104m - Material Litigation Events (MLEs); performance A$112m - FX effects. Portfolio A$203m • MLEs reflect the net effect of positive and negative MLEs on 119 investments o
Slide 12: OBL-only portfolio fair value movement
OBL-only portfolio fair value movement • Overall, the OBL-only value of the portfolio Highlights has increased by A$120m. A$64m • The OBL-only attribution of new commitments depends on the general and A$17m carry terms for the relevant funds and performance (A$38m) sidecar arrangements. Portfolio A$
Slide 13: Financial results
03 Financial results 1H26 RESULTS | 26 February 2026 13
Slide 14: Consolidated P&L
Consolidated P&L IFRS walk • NPAT of A$84.5m reflects strong completions during the period Highlights A$m 1H26 1H25 and good value creation through portfolio growth and fair value movement. Investment proceeds 223.7 172.4 Fee income 18.0 12.4 • Fair value gains of A$95.5m reflects the growth and mov
Slide 15: OBL-only fair value P&L
OBL-only fair value P&L Non-IFRS management accounts • The OBL-only fair value P&L (non-IFRS management accounts) Highlights A$m 1H26 1H25 provides for a better understanding of the overall net value generation, realised and unrealised in the period. Investment proceeds 37.8 44.2 Fee income 18.0 13.
Slide 16: OBL-only cash P&L
OBL-only cash P&L Non-IFRS management accounts • The non-IFRS OBL-only cash P&L provides a further Highlights A$m 1H26 1H25 understanding of the net cash generation for the period, excluding the impact of the fund consolidation and fair value Investment proceeds 37.8 44.2 movements. Net interest 0.7
Slide 17: Continued improvement in cost coverage
Continued improvement in cost coverage Fee income Increasing fee income Highlights GR • Fee income has grown with a 28% CAGR since FY23. 28% CA A$35m • 1H26 fee income of A$18.0m is tracking in line with A$35m target for A$30m FY26. A$25m performance Portfolio A$17m A$18m Disciplined cost management
Slide 18: OBL-only cashflow and liquidity
OBL-only cashflow and liquidity • OBL-only cashflow and liquidity 15 has overall developed within expectations. Highlights • In aggregate, A$149m is available for OBL-only investment deployments, opex and payables. • This is before cash proceeds from any investment completions, fee income, carried i
Slide 19: OBL-only cashflow and liquidity profile
OBL-only cashflow and liquidity profile Probabilistic 12-month forward looking OBL-only cashflow and liquidity • The candlestick chart for investment activities shows the expected range of 12M forward cashflows for the portfolio. It highlights the average forecast and Highlights the likely spread of
Slide 20: Strategic update
04 Strategic update 1H26 RESULTS | 26 February 2026 20
Slide 21: Strategic update
Strategic update Capital Markets Operations Market Dynamics Growth Highlights • Successful additional close of • Continued increase of fee • Continued healthy industry • Increase of AUM by 5% during funds 4/5 series II, for income, on track for A$35m consolidation, supporting 1H26, in line with medi
Slide 22: Management update
Management update Highlights Peter Galgay Tom Glasgow Head of Commercial Strategy Chief Operating and Capital Solutions Officer (relocation) performance Portfolio Peter Galgay will join Omni Bridgeway, based out of the New York office, as Head of Tom Glasgow will permanently relocate from Singapore
Slide 23: Annexures
05 Annexures 1H26 RESULTS | 26 February 2026 23
Slide 24: Footnotes
Footnotes 1 Life to date (LTD) MOIC includes all full and partial completions of investments since inception, excluding fund 1 11 EPS is calculated as NPAT attributable to equity holders of the parent divided by the weighted average Highlights sales, withdrawals and Extraordinary Investments. number
Slide 25: Notes
Notes • The investments of Fund 6 and Fund 8 are consolidated within the Group Consolidated Financial Statements, along with the interest of the respective external Fund investors if applicable. • References to OBL-only reflect the amounts attributable to equity shareholders excluding the external F
Slide 26: Reconciliation
Reconciliation Slide 15 OBL-only fair value P&L Slide 14 Financial results – Consolidated Group Highlights A$m 1H26 1H25 A$m 1H26 1H25 Investment proceeds 37.8 44.2 Investment proceeds 223.7 172.4 Fee income 18.0 13.1 Fee income 18.0 12.4 performance Realised income (A) 55.8 57.3 Portfolio Interest
Slide 27: Reconciliation (cont'd)
Reconciliation (cont'd) Slide 14 Financial results – Consolidated Group Cash opex reconciliation Highlights Slide A$m 1H26 1H25 Reference Remark A$m Investment proceeds 223.7 172.4 Slide 14 Platform expenses (35.5) Fee income 18.0 12.4 Minus: Finance costs (0.7) 1H26 report - Note 6 (a) performance
Slide 28: Americas Asia-Pacific Europe, Middle East & Africa
Americas Asia-Pacific Europe, Middle East & Africa Houston New York Montreal São Paulo Melbourne Hong Kong Amsterdam London Dubai +1 713 965 7919 +1 212 488 5331 +1 514 257 6971 +55 11 99960 9938 +61 3 9913 3301 +852 3978 2629 +31 70 338 4343 +44 203 968 6061 +971 4 514 4608 LyondellBasell Tower 437
Omni Bridgeway — Investor Presentation (February 2026) on 6ix