Slide 1: Recovery and Renewal: Our Full Year Results to 5 February 2026
Recovery and Renewal Our Full Year Results to 5 February 2026
Slide 2: Today's Speakers
www.suplc.co.uk Today’s Speakers Anthony Coombs Graham Coombs Jack Coombs Chris Freckelton Karl Werner Ed Ahrens Chairman Deputy Chairman Chief Operations Officer Group Finance Director CEO Advantage Finance CEO Aspen Bridging 1
Slide 3: Our Loyal Customers and Staff
www.suplc.co.uk Our Loyal Customers and Staff Understanding Helpful 5 Star Trustpilot - Customer Review 5 Star Trustpilot - Customer Review “With a stressful time losing my job, I spoke to Katie and it was “The application process was seamless… I will now have the supposed to be my final payment. Th
Slide 4: Introduction
www.suplc.co.uk Introduction “In a competitive environment, profits are the way we measure our success in meeting our customers demands for high quality of products and of customer service. S&U’s current recovery shows that we are on the right track. Great opportunities for growth will be matched by
Slide 5: Highlights for the Period to 5 February 2026
www.suplc.co.uk Highlights for the Period to 5 February 2026 S&U ⚫ Group profit before tax: £31.8m (2025: £24.0m) ⚫ Net group receivables: £496.8m (31 January 2025: £435.8m) ⚫ Group impairment charge of £13.0m (2025: £35.6m) ⚫ Basic earnings per share: 195.2p (2025: 147.4p) ⚫ S&U proposed final divi
Slide 6: Group Financials: Income Statement
www.suplc.co.uk Group Financials Our Income Statement – period to 5 February 2026 Group Income Statement £m 5 February 26 31 January 25 Change % Revenue reduced due to lower average receivables and increase in lower yielding Revenue 107.4 115.6 -7% higher tier loans in H1 at Advantage Impairment -13
Slide 7: Group Balance Sheet
www.suplc.co.uk Group Financials Group Balance Sheet – 5 February 2026 £m 5 February 26 31 January 25 Change % Comment Fixed Assets and Right of Use Assets 2.9 2.5 Amounts Receivable Motor Finance 317.1 283.6 +12% Recovery in advances and repayment performance Amounts Receivable Property Bridging 17
Slide 8: Cash Flow
www.suplc.co.uk Group Financials Cash Flow – period to 5 February 2026 Group Cash Flow Advantage Cash Flow Aspen Cash Flow ⚫ £49.5m cash outflow reflecting recovery in Advantage ⚫ Advances 66% higher, driven by higher volumes and ⚫ Advances 18% higher, driven by higher volumes as advances and repaym
Slide 9: Treasury and funding
www.suplc.co.uk Group Financials Treasury and funding ⚫ 3-year club £280m revolving credit facility maturity May 2027 – extendable by one year by agreement ⚫ Committed RCF and term facilities of £330m – extended by £50m in January 2026. Term facilities expire in 2028 and 2029 ⚫ £49.5m group cash out
Slide 10: Advantage Finance Business Update
www.suplc.co.uk Advantage Finance Business Update
Slide 11: New Business and the Market
www.suplc.co.uk New Business and the Market • Excellent customer service and a transactions recovery combined with record levels of customer satisfaction • A clear and refined product and pricing strategy fuels growth and market share • Updated Credit Risk capabilities, coupled with new products, dr
Slide 12: Collections Quality
www.suplc.co.uk Collections Quality % of Due performance consistently improves throughout 2025 and is significantly Live cash collected returns to expected levels of performance ahead of prior year An improving trend continues throughout 2025, aligning with improvements VT Cases tick up, mirroring i
Slide 13: Regulatory and Market update
www.suplc.co.uk Regulatory and Market update Maintaining a top 5 position in complaints performance (FOS data to June ‘25) Firm Name New Cases Total % Cases Upheld • Top 4 performance for successful complaints resolution with Go Car Credit Limited 65 12% FOS First Response Finance Ltd 224 14% Oodle
Slide 14: Innovating and Investing for our Customers
www.suplc.co.uk Innovating and Investing for our Customers ACTIVITY TIMELINE • Investment in AI and systems to boost growth in lending, collections and financial performance Introduced My Advantage customer portal and new • Investment highlights – AI projects proving a success in streamlined Q1 2025
Slide 15: 2026 - A Year of Opportunity
www.suplc.co.uk 2026 - A Year of Opportunity • A year of investment, innovation and renewed growth • Growth underpinned by streamlined processes, new products, sales channels and augmented pricing capabilities • New products and channels of origination are expected to go live in 2026, including inte
Slide 16: Our Quality Loan Book
www.suplc.co.uk Our Quality Loan Book Year to Year to Year to Year to Period to 5 Average Loan profile Jan 22 Jan 23 Jan 24 Jan 25 February 26 Number of loans 19,747 23,922 22,565 12,703 18,279 Advance £7,138 £7,799 £8,158 £8,609 £9,935 Gross Receivables £350.5m £403.3m £437.2m £401.8m £424.4m Cost
Slide 17: First Repayment Quality
www.suplc.co.uk First Repayment Quality ⚫ Strong historic correlation between early repayments and end outcomes ⚫ Temporary reduction in first payment success occurred both at the start of the pandemic and during the period of regulatory engagement – reduction in H2 driven by shift towards our more
Slide 18: Repayments % of Upfront Investment
www.suplc.co.uk Repayments % of Upfront Investment Motor Finance Collections by Year of Advance as at 5.2.26 Jan-26 14% - end est 128% Jan-25 56% (LY 21%) - end est 129% Jan-24 79% (LY 51%) - end est 121% Year of Advance Jan-23 105% (LY 81%) - end est 125% Jan-22 126% (LY 111%) - end est 132% Jan-21
Slide 19: Receivables
www.suplc.co.uk Receivables Position at end 5 February 2026 Position at end January 2025 Original Contract Arrears Percentage of Live Percentage of Live Volume of Accounts Volume of Accounts Receivable Receivable Up to Date 39,752 71.79% 38,705 64.51% 0.01 – 1 mthly payments 5,801 10.02% 5,445 9.34%
Slide 20: Aspen Bridging
www.suplc.co.uk Aspen Bridging
Slide 21: Summary of the Year 2025/26 – A Year of Achievement
www.suplc.co.uk Summary of the Year 2025/26 – A Year of Achievement ⚫ Market trends - steady growth and a growing ⚫ Record PBT of £8.8m against £7.2m in 2025 reputation reflected in an expanding product range. underpinned by continuing good quality on bigger New 3 and 4-year developer loans proving
Slide 22: Our Quality Loan Book
www.suplc.co.uk Our Quality Loan Book Since launch in 2017, Aspen has advanced £790m of capital and had only 0.02% (under £150k) of capital losses Year to Year to Year to Year to Period to 5 Average Loan profile Jan 22 Jan 23 Jan 24 Jan 25 February 2026 Number of new loans 111 148 164 191 267 Averag
Slide 23: 2026/27 – A World of Opportunity
www.suplc.co.uk 2026/27 – A World of Opportunity ⚫ Credit quality: Excellence of loan book quality to focus on ⚫ Efficient and speedy delivery: Loans written within days experienced developers and investors – 25% of current deals and direct customer access portals to make this happen are repeat ⚫ Le
Slide 24: Investing in S&U
www.suplc.co.uk Investing in S&U
Slide 25: An Exciting Future
www.suplc.co.uk An Exciting Future Opportunities abound to build on our long-established experience and expertise ⚫ Family-based business with near ninety years of experience and a new generation ⚫ Strong financial base, low gearing and significant funding potential ⚫ Clear focus on established but
Slide 26: Appendices
www.suplc.co.uk Appendices 25
Slide 27: Our Business
www.suplc.co.uk Our Business ⚫ Used car finance on hire purchase – 90% sourced through brokers – 5% refinances for previous customers – 5% direct from dealers ⚫ Advantage have now transacted nearly 295,000 loans since business started in 1999 ⚫ Deals underwritten and collected centrally – direct deb
Slide 28: Our Loyal Customers
www.suplc.co.uk Our Loyal Customers CASE STUDY A customer in their mid-40s who is self-employed and a homeowner was referred by a broker to finance a used vehicle priced at £12,694. Credit, affordability, and vehicle history checks confirmed the loan was suitable with no issues. The customer later r
Slide 29: Our Loyal Customers
www.suplc.co.uk Our Loyal Customers CASE STUDY A customer in their late 20s renting long-term accommodation and working in management was referred by a broker to finance a used vehicle priced at £8,995. Credit, affordability, and vehicle history checks confirmed suitability with no issues. After red
Slide 30: Our Business
www.suplc.co.uk Our Business ⚫ Aspen started trading in February 2017 and provide a “fast, flexible, friendly and fair” service to customers with property bridging loan requirements ⚫ 1155 secured property bridging loan facilities have been provided to customers to date with an average gross loan fa
Slide 31: Case Study: Birmingham
www.suplc.co.uk Case Study Birmingham £950k gross loan at 60% LTV – Commercial Bridge-to-Let for 10-day Auction Purchase Aspen completed a £950k Commercial Bridge to Let facility in just 10 days to support the auction purchase of a seven-storey, 6,000 sq. ft office building in central Birmingham. Th
Slide 32: Case Study: Bristol
www.suplc.co.uk Case Study Bristol £1.5m gross loan at 70% LTV – Finish & Exit Bridge Aspen provided a £1.5 million facility to support a part-complete ground-up development. The facility enabled the borrower to redeem the £350,000 outstanding with their existing lender and restart works after pausi
Slide 33: Our Five-Year Record
www.suplc.co.uk Our Five-Year Record Year to Year to Year to Year to Year to Period to 5 £m Jan 21 Jan 22 Jan 23 Jan 24 Jan 25 February 2026 Revenue 83.8 87.9 102.7 115.4 115.6 107.4 Cost of Sales -14.3 -18.8 -23.7 -22.8 -16.4 -23.6 Impairment -36.7 -4.1 -13.9 -24.2 -35.6 -13.0 Admin Expenses -11.1
Slide 34: Disclaimer
www.suplc.co.uk Disclaimer This document and its contents do not constitute or form part of a prospectus or any offer or invitation to sell or to issue, or any solicitation of any offer to buy or subscribe for any ordinary shares in the Company nor shall it or any part of it or the fact of its distr