Better Home & Finance Holding Company · NASDAQ:BETR
Better Home & Finance — Proxy Contest (August 2026)
28 slides from Better Home & Finance's proxy contest presentation, Aug 31, 2026
Slide 1: Presentation
PRESENTATION
Slide 2: BETR AI Business Transformation Review 2024-2026
BETR BETR 2024-2026 AI Business Transformation Review BETR | Two Years of Progress 01
Slide 3: Progress since going public
BETR BETR Progress since going public BETR | Two Years of Progress 01
Slide 4: 2.5x since Q1 2024
2.5x since Q1 2024 2.6x since Q1 2024
Slide 5: ...While Meaningfully Improving its Costs...
..While Meaningfully Improving its Costs... The company has effectively halved its operating expenses as a % of funded loan volume in two years and is on the glidepath to fully spreading fixed technology over sufficient funded volume Funded Loan Volume & Total Operating Expenses © Operating Expenses
Slide 6: ...and Expanding Contribution Margins
...and Expanding Contribution Margins Improving economics at Better are coming from scale as well as improving marginal loan production costs which have come down ~12% in the last 5 quarters Expenses per fund (D2C Channel) m CAC (excl. brand) Sales Labor Costs Ops Labor Costs = Data Costs $6,733 $6,
Slide 7: Partnership Developments
Partnership Developments Better has aggressively diversified its distribution channels beyond direct-to-consumer (D2C), focusing on high- margin platform channel and "Powered by Better" licensing New Partnerships . Top Five U.S stripe creditkarma coinbase @OpenAl i rma geumes Non-Bank NEO _Bank/Majo
Slide 8: Q2 2026 Progress
BETR BETR Q2 2026 Progress BETR | Two Years of Progress 01
Slide 9: Interest rates have risen significantly since Q1 2026 due to Iran Conflict
Interest rates have risen significantly since Q1 2026 due to Iran Conflict Freddie Mac Primary Mortgage Market Survey (PMMS), weekly 30-year fixed rate (Jan-Jul 2026) 6.60% 6.7% High / Latest 6.50% 6.41% Q2 Average 6.40% Renn eB 6.30% 8.20% 6.11% Q1 Average B.10% Nn rn forms 6.00% 5.98% Low 5.90% Ja
Slide 10: ...driving down mortgage applications 35% from beginning-of-year highs
...driving down mortgage applications 35% from beginning-of-year highs MBA Mortgage Applications Market Composite Index, weekly, seasonally adjusted (Jan-Jul 2026) 400 397.2 380 360 340.2 Q1 Average 340 -----f--------------\\--------n- pee nnn nena nenee nn 320 300 278.8 Q2 Average 20 ha es Se ees 2
Slide 11: Despite the challenging macro backdrop, improving financial trends in Q2'26
Despite the challenging macro backdrop (high rates, low applications) the Company achieved improving financial trends in Q2'26 through increased distribution partnerships and Al enhancements A 14% Increase in Loan Units (incl. HELOCs/CES) Q0Q A 15% Increase in Revenue (incl. HELOCs / CES) Q0Q. A 26%
Slide 12: Breakeven Profitability is on the Horizon
Breakeven Profitability is on the Horizon. Iran conflict deferred but not deterred path to profitability and continued growth Better has guided to achieving Adj. EBITDA breakeven in the near-term, supported by steady volume growth and meaningful expense cutting initiatives. If not for the Iran Confl
Slide 13: Building the definitive AI platform for home finance will be very valuable
Building the definitive AI platform for home finance will be very valuable as we achieve scale. • YES, we have lost over $1.5 billion since we started 12 years ago. • YES, we have had one full year of profitability in 2020 when we made over $200 MM EBITDA on over $860 MM in Revenue. • BUT, we have c
Slide 14: BETR Summary
BETR BETR Summary ● AI driven transformation underway driving volume, contribution margin growth with declining operating expense resulting in clear path to profitability for sole AI disrupter in mortgage industry. ● Tinman AI platform has scaled with some of the largest names in consumer finance, m
Slide 15: Social Media Posts
SOCIAL MEDIA POSTS
Slide 16: Social post: mortgage applications down 35%
t1 You reposted Luke @ @lukestocks0101 - 17h (Jour $BETR iter Better Home & Finance Holding ... BETR $13.85 -5.07% as ...driving down mortgage applications 35% from beginning-of-year highs MBA Mortgage Applications Market Composite Index, weekly, seasonally adjusted (Jan-Jul 2026) Jan Feb Mar Apr Ma
Slide 17: Social post: Breakeven profitability on the horizon
tl You reposted Luke @ @lukestocks@101 - 17h $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% Jou Dole, Breakeven Profitability is on the Horizon. Iran conflict deferred but not deterred path to profitability and continued growth Better has guided to achieving Adj. EBITDA breakeven in the
Slide 18: Social post: definitive AI platform for home finance
tl You reposted Luke @ @lukestocksQ101 - 17h $BETR Better Better Home & Finance Holding ... BETR $13.85 -5.07% Building the definitive Al platform for home finance will be very valuable as we achieve scale. + YES, we have lost over $1.5 billion since we started 12 years ago. + YES, we have had one f
Slide 19: Social post: BETR Summary
tl You reposted Luke @ @lukestocks@101 - 17h $BETR Better Better Home & Finance Holding ... BETR $13.85 -5.07% BETR BETR Summary Al driven transformation underway driving volume, contribution margin growth with declining operating expense resulting in clear path to profitability for sole Al disrupte
Slide 20: Social post: interest rates risen since Q1 2026
t1 You reposted Luke @ @lukestocksQ1@1 - 17h (Joo $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% WI Interest rates have risen significantly since Q1 2026 due to Iran Conflict Freddie Mac Primary Mortgage Market Survey (PMMS), weekly 30-year fixed rate (Jan-Jul 2026) @) 11 ry) il 230 Nt
Slide 21: Social post: Q2 2026 Progress
t2 You reposted Luke @ @lukestocks@101 - 17h $BETR 6 Better BETR $13.85 -5.07% BETR Q2 2026 Progress ty1 © Better Home & Finance Holding ... ht 188 [>
Slide 22: Social post: Partnership Developments
TV You reposted Luke @ @lukestocksQ101 - 17h Gu $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% Dati nn Partnership Developments Better has aggressively diversified its distribution channels beyond direct-to-consumer (D2C), focusing on high- margin platform channel and "Powered by Better”
Slide 23: Social post: Expanding Contribution Margins
ti You reposted Luke @ @lukestocks0101 - 17h $BETR Better Better Home & Finance Holding ... BETR $13.85 -5.07% ..and Expanding Contribution Margins improving economics at Better are coming from scale as well as improving marginal loan production costs which have come down ~12% in the last 5 quarters
Slide 24: Social post: Improving Costs
tl You reposted Luke @ @Lukestocks0101 - 17h (Buw $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% Rattan, ..While Meaningfully Improving its Costs... The company has effectively halved its operating expenses as a % of funded loan volume in two years and is on the glidepath to fully spread
Slide 25: Social post: AI Business Transformation Review
t1 You reposted & Luke @ @lukestocks@101 - 17h as $BETR Better Better Home & Finance Holding ... BETR $13.85 -5.07% at | Ve BETR 2024-2026 Al Business Transformation Review (> O fi1 02 ill 256 |
Slide 26: Social post: improving financial trends in Q2'26
t1 You reposted Luke @ @lukestocks@1@1 - 17h $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% Gh wx Buen ey, Despite the challenging macro backdrop (high rates, low applications) the Company achieved improving financial trends in Q2'26 through increased distribution partnerships and Al enh
Slide 27: Social post: Progress since going public
tl You reposted Luke @ @lukestocks01Q1 - 17h $BETR Better BETR $13.85 -5.07% BETR Progress since going public 14 QO 2 Better Home & Finance Holding ... ill 626 (J
Slide 28: Social post: loan volume and revenues 2.5x since listing
t1 You reposted Luke @ @lukestocks@101 - 17h Bu $BETR Better Home & Finance Holding ... BETR $13.85 -5.07% Role Better has grown its loan volume and revenues 2.5x since public listing... Better’s funded loan growth over the last 2 % years is translating into net revenue expansion Funded Loan Volume
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