Australian Finance Group Ltd. · ASX:AFG
Australian Finance — Shareholder Meeting (October 2026)
39 slides from Australian Finance's shareholder meeting presentation, Oct 16, 2026
Slide 1: Market Release: 2026 AGM Address to Shareholders
Market Release For personal use only 16 October 2026 Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2026 AGM Address to Shareholders The Company will address shareholders today at its Annual General Meeting to be held at 9:00am Western Standar
Slide 2: Chair's address to shareholders
Annual General Meeting 16 October 2026 For personal use only Address to shareholders Chair – Greg Medcraft Good morning, and welcome to the 2026 Annual General Meeting of Australian Finance Group. Thank you for joining us today, whether here in person in Perth or online. I would like to begin by ack
Slide 3: Chair's address (continued)
Securities, technology and broker investments, to fund the next stage of growth. This balance reflects our commitment to disciplined reinvestment for sustainable earnings growth, while delivering meaningful capital returns for shareholders. For personal use only AFG’s financial performance reflects
Slide 4: Chair's address: board changes and sustainability
Positioning AFG for that opportunity also means operating responsibly and investing in our people. FY26 marked our first year of reporting under the new climate-related sustainability reporting requirements, strengthening our sustainability governance and transparency. We For personal use only also
Slide 5: CEO – David Bailey
CEO – David Bailey For personal use only Thank you Greg, and good morning, everyone. As the Chair has outlined, AFG delivered a very strong FY26 result and has entered FY27 from a position of strength. In FY26, AFG brokers settled $75 billion in residential loans, up 18 per cent; the AFG Securities
Slide 6: CEO address: Broker Investments and AFG Securities
growth reflects the value brokers place on our services and provides AFG with a growing, high-quality source of recurring earnings. For personal use only Our Broker Investments program is another important part of our growth strategy. During FY26, the portfolio grew from two to six investments, prov
Slide 7: CEO address: funding, credit and outlook
to report that one has already been renewed below existing pricing, and our recent $1.2 billion term transaction was priced inside existing warehouse costs. Both outcomes support our NIM ambitions and provide optionality around book growth and retention. They also For personal use only provide flexi
Slide 8: CEO address: capital allocation and thanks
across market cycles allows us to maintain that focus and invest for long-term growth, while remaining responsive to the evolving interest rate environment. For personal use only Delivering on our ambitions requires disciplined capital allocation. We will maintain a strong balance sheet, invest wher
Slide 9: Annual General Meeting
rsonal use only Annual General Meeting Australian Finance Group Ltd | 2026
Slide 10: Acknowledgement of Country
rsonal use only ACKNOWLEDGEMENT OF COUNTRY We would like to acknowledge the traditional custodians of the land we are meeting on, the Whadjuk people of the Noongar nation and acknowledge and respect their continuing culture and the contribution they make to the life of this city and this region. 2
Slide 11: Chair's address
rsonal use only Chair’s address Greg Medcraft 3
Slide 12: Agenda
Agenda rsonal use only Introductions and housekeeping Address by the Chair CEO’s address Formal business Close 4
Slide 13: Strong results in a challenging environment
CHAIR | FY26 CONTEXT Strong results in a challenging environment rsonal use only The environment Our focus Many Australian households faced a challenging year Supporting brokers and their customers Market conditions also tested shareholder confidence Strengthening the business The Reserve Bank recen
Slide 14: Earnings growth and cash generation
C H A I R | F Y 2 6 R E S U LT S Earnings growth and cash generation rsonal use only Reported NPAT Underlying return on equity Underlying earnings per share $49m +39% 23% +4pts 20cps +33% Underlying NPATA $54m, up 33% FY25: 19% FY25: 15.1cps Operating cash flow Cash conversion Unrestricted cash $51m
Slide 15: Shareholder returns and investment for growth
C H A I R | D I V I D E N D S A N D C A P I TA L Shareholder returns and investment for growth rsonal use only FULL-YEAR DIVIDEND FY26 capital application 9.5cps $30m $21m Fully franked, including a final dividend of 4.8cps, and within our target payout range of 50–70% of adjusted net profit Returne
Slide 16: A more diverse earnings base
C H A I R | S T R AT E G Y A more diverse earnings base rsonal use only ~10% directly exposed to short-term volatility ~90% underpinned by existing books and diverse income Residential upfront commissions Not tied to near-term mortgage flows ~10% ~90% WHAT MAKES UP THE ~90% Trail book Manufacturing
Slide 17: Housing finance fundamentals remain unchanged
CHAIR | MARKET BACKDROP Housing finance fundamentals remain unchanged rsonal use only Long term: enduring demand Near term: higher rates, more volatility Australia’s population continues to grow. Higher interest rates impact borrowing capacity. The shortage of housing supply relative to population i
Slide 18: Board renewal and our thanks
CHAIR | BOARD RENEWAL Board renewal and our thanks rsonal use only RETIRED FEBRUARY 2026 RETIRING AFTER THE MEETING APPOINTED AUGUST 2026 Malcolm Watkins Brett McKeon David Flynn Almost 32 years of service to the AFG co-founder whose leadership Independent Non-Executive Director, company he helped b
Slide 19: CEO's address
rsonal use only CEO’s address David Bailey 11
Slide 20: Residential settlements grow 18%
CEO | DISTRIBUTION Residential settlements grow 18% rsonal use only Brokers Lenders RESIDENTIAL SETTLEMENTS 4,300+ 80+ $75bn In the AFG broker network Customers More than 80 lenders available Distribution EBITDA +18% on FY25 Residential loans settled by AFG brokers in FY26. 600,000+ $71m Supported b
Slide 21: Growth in Broker Services and Investments
CEO | BROKERS Growth in Broker Services and Investments rsonal use only BrokerEngine: 4,400+ users BROKER SERVICES INCOME Nearly 20% are brokers from other aggregators, and new 23% features launch soon Compliance support and Partner Connect Comply365 and credit licence support, plus Partner Connect
Slide 22: Record loan book and higher net interest margin
CEO | AFG SECURITIES Record loan book and higher net interest margin rsonal use only Loan book Term issuances AFG Securities loan book ($bn) FY29 aspiration: $9bn $7.1bn $2.2bn Record; up 30% on FY25 Record for any year, Returns prioritised over volume 7.1 improved pricing +95bps1 5.5 4.8 4.5 Improv
Slide 23: Lodgements remain above historical averages
CEO | AFG INDEX Lodgements remain above historical averages rsonal use only Broker lodgements, first Upgraders, share of Refinancing, share of First-home buyers, share quarter lodgements lodgements of lodgements $26.8bn 46% 15% 12% Well above historical A significant lift in activity, A clear opport
Slide 24: AFG Securities loan book grows
CEO | AFG SECURITIES: CURRENT TRADING AFG Securities loan book grows rsonal use only Loan book: Quarterly lodgements Run-off Loans 90+ days in September 2026 arrears $7.3bn ~$1.1bn Steady 0.58% Up from $7.1bn at 30 June, 18% below the same Retention remained Credit performance and 28% higher than a
Slide 25: Growth investments and settlement sensitivity
C E O | S T R AT E G Y Growth investments and settlement sensitivity rsonal use only SENSITIVITY TO SETTLEMENTS A broader income base Broaden the income base and focus on recurring earnings. ~3% NPAT impact AFG Securities of a 10% change in settlements Continues to grow. Broker Services FY27 EBITDA
Slide 26: Progress towards our FY29 aspirations
C E O | S T R AT E G Y Progress towards our FY29 aspirations rsonal use only HY25 FY26 FY29 ASPIRATION STRATEGIC PILLAR 1 Residential settlement growth 13% 18% 8% CAGR Grow our broker network Equity broker investments 2 6 35 STRATEGIC PILLAR 2 Broker services income (% of Distribution GP) 20% 23% 30
Slide 27: Capital allocation priorities
C E O | C A P I TA L A L L O C AT I O N Capital allocation priorities rsonal use only 1 Maintain a strong balance sheet Capacity to execute and respond, while minimising our cost of capital. 2 Invest where we see sustainable returns Allocate to strategically aligned assets returning above hurdle (re
Slide 28: Thank you
rsonal use only Thank you Australian Finance Group Ltd | 2026
Slide 29: Chair – Greg Medcraft
rsonal use only CHAIR Greg Medcraft 21
Slide 30: Voting by poll
rsonal use only Voting by poll 22
Slide 31: Q&A
rsonal use only Q&A 23
Slide 32: Formal business
rsonal use only Formal business 24
Slide 33: Notice of meeting
rsonal use only Notice of meeting 25
Slide 34: Items of business: Financial Reports
Items of business rsonal use only Item 1 Financial Reports – financial year ended 30 June 2026 The financial report, directors’ report and auditor’s report for the financial year ended 30 June 2026 is tabled for discussion. 26
Slide 35: Resolution 1: Adoption of Remuneration Report
Items of business rsonal use only Item 2 Resolution 1: Adoption of Remuneration Report To consider and, if thought fit, to pass the following as a non-binding resolution in accordance with section 250R(2) of the Corporations Act 2001 (Cth): “That the Remuneration Report for the Company for the year
Slide 36: Resolution 2: Election of David Flynn as a Director
Items of business rsonal use only Item 3 Resolution 2: Election of David Flynn as a Director In accordance with the Notice of Meeting the resolution is: “That David Flynn, who retires as a Director of the Company in accordance with rule 8.1(d) of the Company’s constitution, and being eligible, be el
Slide 37: Poll
rsonal use only Poll 29
Slide 38: rsonal use only
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Slide 39: Important notice
DISCLAIMER Important notice rsonal use only This presentation contains general information which is current as at 15 October 2026. The information is intended to be a summary of Australian Finance Group Ltd (AFG) and its activities as at 15 October 2026 and does not purport to be complete in any res
Australian Finance Group — Shareholder Meeting (October 2026) on 6ix