Slide 1: FY21 Full Year Results Presentation
FY21 FULL YEAR RESULTS PRESENTATION 10 August 2021 Stuart Irving, Chief Executive Officer and President Nick Oldfield, Chief Financial Officer 1
Slide 2: FY21 Results
FY21 Results Strong second half performance, delivered on earnings guidance Management Revenue Management Revenue ex MI Management EBIT ex MI $2.3bn 0.8% $2.2bn 3.6% $336.4m 12.6% Margin Income (MI) Management EPS1 Final Dividend Per Share (AUD) 7.3% $104.3m 47.7% 52.03 cps vs. Guidance: -8% 23.0 cp
Slide 3: FY21 Management EPS
FY21 Management EPS Robust operational earnings growth and cost saves with lower margin income 56.12 13.11 52.03 ~ 51.77 9.68 1.63 1.88 9.38 7.01 0.48 USD cps FY20 Margin income Increased US Mortgage UKAR fixed fee BEAT 2 Cost out program Operational FY21 FY21 Management EPS reduction amortisation 1
Slide 4: 2H21 Management EPS
2H21 Management EPS Operational earnings growth and seasonality drive 2H improvement 4.97 30.26 ~ 30.00 2.11 0.84 0.85 3.10 21.77 USD cps 1H21 Management Margin income US BEAT impact 2H Seasonality One off 1H21 add Operational earnings 2H21 Management 2H21 Management EPS reduction back* growth EPS E
Slide 5: 2H21 Summary
2H21 Summary Solid growth in Issuer Services and Plans, Bankruptcy and US Mortgage Services subdued, Margin income in line with expectations New client wins in Wells Fargo Corporate Trust Issuer Services revenue Employee Share Plans, Consistent performance in Services acquisition growth across all k
Slide 6: FY22 Outlook
FY22 Outlook Management EPS to be up around 2%, including CCT and rights issue Guidance In constant currency, for FY22 we expect: Margin Income Management EBIT Management EPS ex MI FY22 Change vs FY22 Change vs FY22 Change vs pcp pcp pcp CCT earnings Legacy CPU 107.0 Flat 350.0 +3.2% 54.7 +4.2% accr
Slide 7: FY22 Management EPS guidance bridge
FY22 Management EPS guidance bridge Management EPS expected to be up around 2% on pcp CCT earnings accretive on an annualised basis Legacy CPU EPS growth +4.2% ~ 0.9 4.3 5.6 5.2 6.5 54.7 53.4 52.03 52.46 USD cps FY21 Management FY21 Management Impact of inflation Cost out program Operational FY22 Ma
Slide 8: Margin Income
Margin Income FY21 Margin income in line with expectations 60.0 140.0 125.2 121.2 116.0 120.0 50.0 99.9 100.0 40.0 83.4 79.0 79.6 74.3 80.0 USD million 69.6 USD billion 30.0 66.6 55.5 60.0 51.5 20.0 40.0 10.0 20.0 15.0 16.3 16.6 16.8 17.3 16.6 21.0 16.1 16.8 17.6 17.6 20.1 0.0 0.0 1H16 2H16 1H17 2H1
Slide 9: Margin Income – FY22 Outlook
Margin Income – FY22 Outlook Group Margin income expected to be around $145m, including CCT $50m $57m $8m $30m $58m $87m 0.59% 0.67% 0.27% 0.30% 0.50% 0.47% 90 ~77bn 80 70 Average Balances ($bn) ~60bn 60 Total exposed 50 Assumes CCT cash balances completion $9bn pre ~37bn 40 October/November recaptu
Slide 10: Issuer Services
Issuer Services Successfully growing into new Issuer Services markets Mgmt EBIT ex. MI Revenue breakdown FY21 CC FY20 Actual CC Variance Register Maintenance* $645.3 $625.1^ +3.2% $227.1m 26.3% Corporate Actions* $126.4 $93.4 +35.3% Stakeholder Relationship Management $85.5 $58.7 +45.7% Governance S
Slide 11: Issuer Services outlook
Issuer Services outlook Growth drivers Increasing regulatory complexity driving stronger corporate focus on governance and compliance Increasing demand for digitised solutions Outsourcing facilitates access to better technology, lower cost and a higher quality solution FY22 outlook FY22 key prioriti
Slide 12: Employee Share Plans
Employee Share Plans Strong revenue growth and margin expansion Mgmt EBIT ex. MI# Revenue breakdown FY21 CC FY20 Actual CC Variance Fee revenue $138.5 $133.2* +4.0% $69.0m 68.3% Transactional revenue $154.2 $133.2* +15.8% Other revenue $4.0 $11.2 -64.3% Margin income $11.9 $12.5 - 4.8% Margin: Total
Slide 13: Employee Share Plans outlook
Employee Share Plans outlook Growth drivers Equitization of remuneration – issuing more equity as compensation and deeper into organisations Technology solutions and employee access and ease of use Globalisation of workforces and increasingly complex regulation are driving corporates to seek global
Slide 14: Mortgage Services
Mortgage Services US impacted by pandemic driven headwinds; UK cost out on track Mgmt EBIT ex. MI2 Revenue breakdown FY21 CC FY20 Actual CC Variance US Mortgage Services* $446.4 $414.5 +7.7% -$4.2m 112.5% US Mortgage Services Margin Income $3.7 $24.2 -84.7% UK Mortgage Services $124.6 $196.6 -36.6%
Slide 15: Mortgage Services outlook
Mortgage Services outlook Growth drivers Ending of foreclosure moratoriums and withdrawal of Government support packages should lead to special servicing opportunities from 2H onwards Strong levels of market liquidity driving demand for MSR and interest in capital light solutions to leverage CPU MSR
Slide 16: Business Services
Business Services Consistent delivery in Corporate Trust, Bankruptcy & Class Actions subdued in 2H Mgmt EBIT ex. Margin Income Revenue breakdown FY21 CC FY20 Actual CC Variance Corporate Trust* $54.5 $54.8 -0.5% $20.4m 34.4% Bankruptcy* $64.6 $47.3 +36.6% Class Actions* $59.2 $85.3 -30.6% Margin Inc
Slide 17: Business Services outlook
Business Services outlook Growth drivers Ongoing growth in debt under administration Timing of withdrawal of Government stimulus key to recovery in bankruptcy volumes Covid related Class Actions activity expected across a range of sectors FY22 outlook FY22 key priorities Organic medium term outlook
Slide 18: CCT acquisition update
CCT acquisition update Separation readiness activities in full flight › Transaction to complete October / November 2021 › Key regulatory approvals received Transaction update › Business to be renamed CCT › Frank Madonna, Computershare Global Head of Operations, new CEO of CCT › Close and Separation
Slide 19: FY21 Management results summary
FY21 Management results summary Strong operating result and margin expansion offset by margin income decline FY21 Actual FY20 Actual Variance FY21 Actual (at FY20 CC) Total revenue ex Margin Income $2,157.7 $2,081.8 +3.6% $2,215.8 Margin Income $104.3 $199.4 -47.7% $107.0 Total revenue $2,262.0 $2,2
Slide 20: Operating expense analysis
Operating expense analysis Disciplined cost out programs reduce BAU opex 6.5% 1,635.1 1,642.6 371.8 BAU Opex -6.5% 410.4 32.4 9.6 50.2 33.3 0.6 8.0 1,263.3 1,232.2 1,181.3 USD M FY20 total Less FY20 cost FY20 operating UK Mortgage Cost out Underlying FY BAU cost Acquisitions Investment in Net one of
Slide 21: Cost out programs – FY21
Cost out programs – FY21 Expanded cost out opportunity Benefit realisation (cumulative) $M Total cost FY21 Stage Total savings change vs. change vs. Activity estimates FY17 FY18 FY19 FY20 FY21 FY22E FY23E FY24E last last disclosure2 disclosure2 Stage 1 Total 25 - 30 7.8 14.0 21.8 28.1 28.1 ► 0.0m 28
Slide 22: Cash flow and leverage
Cash flow and leverage Leverage ratio of 1.07x, expected to peak in FY22 post CCT acquisition and then organically repair Cashflow Waterfall Net Debt / EBITDA1 (x) 2.25x 16.3 375.3 Leverage 1.93x target 1.84x 99.0 range 21.8 260.0 24.6 1.75x 1.07x 172.8 40.8 Net operating Capex MSR Free cash flow Ac
Slide 23: Conclusions
Conclusions FY21 Management EPS delivered in line with upgraded guidance › Strong 2H performance, 39% increase in earnings compared to 1H21 › Key operating businesses are performing well - Management Revenue ex. Margin Income up 3.6%, EBIT ex. MI Margin up 130 basis points › Cyclical business benefi
Slide 24: Appendices
APPENDICES Statutory results Management Revenue, EBITDA and EBIT analysis Operating cost analysis FY21 Management NPAT analysis Management EPS – AUD equivalent Effective tax rate Dividend history and franking Cash Flow analysis Balance Sheet Key financial ratios Debt facility maturity profile CAPEX
Slide 25: Statutory results
Statutory results FY21 FY20 Vs FY20 (pcp) Total Revenues $2,334.1m $2,281.2m +2.3% Total Expenses $2,064.3m $1,957.1m +5.5% Statutory Net Profit (post NCI) $189.0m $232.7m -18.8% Earnings per share (post NCI) 33.77 cents 42.55 cents* -20.6% › Management results are used, along with other measures, t
Slide 26: Management adjustment items
Management adjustment items Appendix 4E note 3 Amortisation › Customer relationships and most of other intangible assets that are recognised on business combinations or major asset acquisitions are amortised over their useful life in the statutory results but excluded from management earnings. The a
Slide 27: Management revenue bridge
Management revenue bridge Increased operating revenue from Issuer Services, Plans and Bankruptcy 2,450 2,400 40.3 9.0 22.6 10.0 2,350 2.6 115.2 USD M 95.1 2,322.8 2,300 60.8 2,281.2 2,250 2,262.0 2,200 2,150 FY20 Mgt Issuer Services Mortgage Plans & Business CCS and Corporate & Margin Income FY21 @
Slide 28: Management revenue by business stream
Management revenue by business stream Revenues down 0.8%, +3.6% excluding Margin Income FY21 Rev Rev ex MI FY21 Rev FY21 MI FY20 FY20 FY20 Rev Rev CC ex MI @ CC @ CC @ CC Rev MI ex MI Variance CC Variance Issuer Services 975.1 43.8 931.3 894.7 78.7 816.1 +9.0% +14.1% Mortgage Services & Property Ren
Slide 29: Revenue excluding Margin Income at actual FX rates
Revenue excluding Margin Income at actual FX rates Revenue breakdown 1H21 Actual 2H21 Actual FY21 Actual 1H20 Actual 2H20 Actual FY20 Actual Register Maintenance* 306.4 357.5 663.9 300.9 324.2 625.1^ Corporate Actions* 66.4 63.0 129.4 48.5 44.9 93.4 Stakeholder Relationship Management* 35.5 51.2 86.
Slide 30: EBITDA by business stream
EBITDA by business stream EBITDA ex Margin Income $515.5m, up 15.3% FY21 FY20 CC FY21 @ FY20 Op. FY21 FY20 Ex MI FY21 ex FY20 ex EBITDA EBITDA Variance CC Op. Margin EBITDA EBITDA CC MI @ CC MI Op. @ CC Margin ex MI @ ex MI Variance Op. Margin CC Margin Issuer Services 273.9 260.5 +5.1% 28.1% 29.1%
Slide 31: EBIT by business stream
EBIT by business stream EBIT ex Margin Income $336.4m, up 12.6% FY21 FY20 CC FY21 @ FY20 Op. FY21 FY20 Ex MI FY21 ex FY20 ex EBIT @ EBIT Variance CC Op. Margin EBIT ex EBIT ex CC MI @ CC MI Op. CC Margin MI @ MI Variance Op. Margin CC Margin Issuer Services 270.9 258.5 4.8% 27.8% 28.9% 227.1 179.8 2
Slide 32: Revenue, EBITDA and EBIT by business stream at actual FX rates
Revenue, EBITDA and EBIT by business stream at actual FX rates FY21 FY20 REV EBITDA EBITDA EBIT EBIT REV EBITDA EBITDA EBIT EBIT MARGIN Margin % MARGIN Margin % % % Issuer Services 999.3 279.3 28.0% 276.2 27.6% 894.7 260.5 29.1% 258.5 28.9% Mortgage Services & Property 609.0 114.8 18.9% 10.0 1.6% 66
Slide 33: Management revenue and EBITDA at actual FX rates
Management revenue and EBITDA at actual FX rates Revenue by Region EBITDA by Region 2,500.0 2,356.6 800.0 2,281.2 2,322.8 195.2 180.2 674.9 185.8 700.0 646.4 628.2 2,000.0 85.8 600.0 87.0 83.1 1,137.2 500.0 1,197.0 USD millions USD millions 1,500.0 1,172.0 400.0 366.2 386.1 342.7 1,000.0 104.4 100.9
Slide 34: Management EBIT excluding Margin Income and FX increased 13.0%
Management EBIT excluding the impact of Margin Income and FX movements increased by 13.0% in FY21 versus pcp 371.6 350.3 347.5 339.1 326.0 316.5 300.2 286.2 218.3 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Note: Management EBIT translated at FY21 average rates and excludes Margin Income. 34
Slide 35: Operating cost analysis
Operating cost analysis 6.5% BAU operating expense reduction FY21 @ CC FY20 CC Variance FY21 Cost of Sales $410.4 $371.8 +10.4% $422.4 Personnel $1004.4 $1,004.3 +0.0% $1,036.6 Fixed/Perm $970.4 $956.2 +1.5% $1,001.5 Variable/Temp $34.1 $48.1 -29.1% $35.1 Occupancy $29.9 $32.7 -8.6% $31.3 Other Dire
Slide 36: FY21 Management NPAT analysis
FY21 Management NPAT analysis 400 350 37.7 300 95.1 303.8 0.1 2.3 22.4 281.4 283.7 250 12.7 200 USD M 150 100 50 0 FY20 NPAT Mgt EBIT Margin Income Interest Tax Non-controlling FY21 @ CC NPAT FX FY21 NPAT (ex MI) interest 36
Slide 37: Management EPS – AUD Equivalent
Management EPS – AUD Equivalent 160 1 0.9139 140 0.8389 0.7758 0.7521 0.7427 0.8 0.7273 0.7177 120 0.6716 100 Cents per share Exchange rate 0.6 97.87 80 83.56 81.69 75.74 71.31 72.35 0.4 60 65.92 68.28 40 0.2 20 0 0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 AUD/USD average exchange rate 37
Slide 38: Effective tax rate
Effective tax rate Statutory and management (at actual FX rates) 35% › The Group’s statutory effective tax rate has increased from 30% 28.2% in FY20 to 30.0% in 29.6% 30.0% 28.2% FY21 27.4% 25% 26.5% › The Group’s management effective tax rate has decreased 20% from 29.6% in FY20 to 27.4% in Tax Rat
Slide 39: Dividend history and franking
Dividend history and franking 2H21 payout ratio of 59.1% and FY21 of 67.4% 25.0 23 23 23 23 23 20.0 21 21 19 19 17 17 15.0 16 16 15 15 14 10.0 5.0 0.0 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 Dividend (AU cents) Franking (%) 1H14 2H14 1H15 2H15 1H16 2H16 1H17 2
Slide 40: Cash flow summary at actual FX rates
Cash flow summary at actual FX rates Free cash flows, $260.1m, down 48.6% FY21 Actual FY20 Actual Net operating receipts and payments $543.6 $688.1 Net interest and dividends ($75.3) ($50.4) Income taxes paid ($92.9) ($43.3) Net operating cash flows excluding SLS advances $375.4 $594.4 Cash outlay o
Slide 41: Balance sheet
Balance sheet Leverage ratio below target range 1.75x – 2.25x due to rights issue Jun-21 Jun-20 Variance Current Assets $1,718.7 $1,432.0 +20.0% Non Current Assets $3,533.2 $3,557.8 -0.7% Total Assets $5,251.9 $4,989.7 +5.3% Current Liabilities $995.7 $1,024.6 -2.8% Non Current Liabilities $1,976.6
Slide 42: Key financial ratios
Key financial ratios Jun-21 Jun-20 Variance USD m USD m Interest Bearing Liabilities including SLS advance debt $1,710.0 $2,029.8 -15.8% Less Cash ($816.8) ($597.3) +36.7% Net Debt including non-recourse SLS advance debt $893.2 $1,432.5 -37.6% Net debt excluding non-recourse SLS advance debt $673.7
Slide 43: Debt maturity profile
Debt maturity profile Maturity Dates Debt Committed Bank Private SLS USD million Drawn Debt Debt Placement Advance Facilities Facilities Facilities Facilities 1000 FY22 Aug-21 77.4 125.0 125.0 Feb-22 220.0 220.0 220.0 Mar-22 100.0 100.0 900 Jun-22 22.2 50.0 50.0 FY23 Dec-22 117.0 225.0 225.0 800 Mar
Slide 44: Capital expenditure versus depreciation at actual FX rates
Capital expenditure versus depreciation at actual FX rates 60 57.2 77.5 80.0 75.0 1.2 70.0 50 12.3 60.0 Depreciation USD millions 40 6.6 50.0 Capex USD millions 30 37.5 40.0 26.8 27.0 1.1 1.3 3.3 5.1 30.0 20 3.8 4.1 37.1 20.0 10 18.3 16.8 10.0 0 0.0 FY19 FY20 FY21 Information Technology Communicatio
Slide 45: Technology costs at actual FX rates
Technology costs at actual FX rates 400 14.0% 12.5% 350 11.5% 11.3% 12.0% Technology costs as a % of revenue 300 286.1 265.6 268.2 10.0% 14.8 10.0 13.1 250 55.9 USD millions 42.2 8.0% 87.9 200 6.0% 150 116.3 112.2 95.4 4.0% 100 2.0% 50 99.2 100.7 72.3 0 0.0% FY19 FY20 FY21 Development Infrastructure
Slide 46: Financial performance by half year at actual FX rates
Financial performance by half year at actual FX rates 2H21 1H21 2H20 1H20 2H19 1H19 2H18 1H18 2H17 1H17 2H16 1H16 2H15 1H15 Total Management Revenue $1,220.3 $1,102.5 $1,156.9 $1,124.3 $1,228.7 $1,127.8 $1,173.1 $1,127.8 $1,110.8 $1,003.2 $1,035.5 $938.7 $1,016.5 $959.5 Operating Costs $869.9 $825.1
Slide 47: FY21 Computershare at a glance
FY21 Computershare at a glance Management revenue @ CC Management EBITDA @ CC CEU CEU ANZ 3% ANZ 4% 8% Asia UCIA 3% Asia By geography UCIA 14% 11% 7% 20% Canada Canada $2,262.0m 13% $619.8m 8% USA USA 53% 56% Communication Corporate & Technology Services & Corporate & Technology 0% 10% Utilities Com
Slide 48: High quality core industrial drives consistent operating performance
High quality core industrial drives consistent operating performance EBIT margin 19.2% - driven by reduction in margin income of $92m from FY20 to FY21 4,000 30% 3,500 25% 3,000 19.2% 20% 2,500 2,301 2,357 2,323 2,281 Total Revenue 2,114 EBIT margin 2,025 2,023 1,976 1,974 USD M 2,000 1,819 15% % 52
Slide 49: Global Register Maintenance and Employee Share Plans revenue
Global Register Maintenance and Employee Share Plans revenue Registry Maintenance @ CC Employee Share Plans @ CC Margin Oth Rev Holder/Broker Income 4% paid 1% 28% Issuer paid FY21 @ CC 69% $666.0m $308.5m Fee 45% Transaction Margin 50% income 3% Oth Rev Holder/Broker Margin 4% paid Income 28% 4% Is
Slide 50: Financial snapshot – US Mortgage Services
Financial snapshot – US Mortgage Services FY21 revenue composition Other Base service fees Servicing 35% Fees • Base servicing fees, $209.5m, -2.2% 46% • Margin Income $3.7m, -84.5% $450.1m • Servicing related fees $79.2m, +68.7% • Other services fees $157.7m, +2.5% Servicing Margin related fees Inc
Slide 51: US and UK Mortgage Services – UPB and number of loans
US and UK Mortgage Services – UPB and number of loans US Mortgage Services UPB down 5.7% ($111.9bn v $118.5bn) Performing Non-performing At 30 Jun 21 At 30 Jun 20 At 30 Jun 21 At 30 Jun 20 Fully-Owned $31.3bn $31.5bn $7.8bn $9.2bn MSRs 1 152K Loans 131K Loans 62K Loans 85K Loans Excess strip deals E
Slide 52: Mortgage Services Revenue and EBIT at actual FX rates
Mortgage Services Revenue and EBIT at actual FX rates 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 US Mortgage Services revenue $143.4 $162.7 $159.4 $201.3 $227.3 $211.4 $215.2 $234.9 UK Mortgage Services revenue $122.1 $132.9 $128.0 $127.1 $101.6 $95.0 $68.7 $63.8 Total Mortgage Services revenue $265.4
Slide 53: Mortgage services key terms
Mortgage services key terms Performing servicing: Servicing of a mortgage which is less than 30 days delinquent. Typically loans that meet the criteria of the Government Sponsored Entities e.g. “Fannie Mae”, “Freddie Mac”. Non-performing servicing: Servicing of a mortgage that is over 30 days delinq
Slide 54: FY21 Management revenue at actual FX rates
FY21 Management revenue at actual FX rates 600 521.8 500 450.1 400 USD M 300 200 188.0 158.8 117.2 129.3 116.5 104.6 100 80.5 83.0 71.6 58.8 56.8 44.8 31.4 38.9 13.3 10.7 19.4 9.3 7.7 8.7 0.0 0.0 1.5 0.0 0.1 0.0 0 Issuer Services Mortgage Services & Employee Share Plans & Business Services Communica
Slide 55: FY21 Management revenue at actual FX rates – Issuer Services
FY21 Management revenue at actual FX rates Issuer Services breakdown 400 345.6 350 300 250 USD M 200 150 95.8 100 65.5 66.3 62.9 56.1 55.4 54.4 59.9 53.3 50 18.6 14.7 16.2 11.7 5.8 8.2 1.8 0.9 0.3 3.4 2.4 0 Register Maintenance Corporate Actions Stakeholder Relationship Management Governance Service
Slide 56: Australia
Australia Management revenue: AUD million FY19 FY20 FY21 294.5 279.7 273.6 160.0 143.6 140.0 136.8 134.5 131.7 121.8 120.0 111.7 100.0 80.0 60.0 40.0 20.1 19.5 18.3 20.0 5.9 3.8 0.1 - Issuer Services Employee Share Plans & Voucher Services Communication Services & Utilities Corporate & Technology FY
Slide 57: Australia – Issuer Services
Australia – Issuer Services Management revenue: AUD million FY19 FY20 FY21 136.8 134.5 143.6 140.0 120.0 116.7 106.3 105.8 100.0 80.0 60.0 40.0 27.0 25.3 23.3 20.0 1.4 2.2 2.4 2.1 1.2 1.2 - Register Maintenance Corporate Actions Stakeholder Relationship Management Governance Services FY19 FY20 FY21
Slide 58: Hong Kong
Hong Kong Management revenue: HKD million FY19 FY20 FY21 742.5 848.5 1,246.6 1,000.0 903.7 900.0 800.0 700.0 600.2 600.0 521.2 500.0 400.0 342.9 300.0 248.4 221.0 200.0 100.0 0.2 -0.1 0.1 - Issuer Services Employee Share Plans & Voucher Services Corporate & Technology -100.0 FY19 FY20 FY21 58
Slide 59: Hong Kong – Issuer Services
Hong Kong – Issuer Services Management revenue: HKD million FY19 FY20 FY21 521.2 600.2 903.7 500.0 450.0 435.1 421.1 421.5 410.5 400.0 350.0 300.0 250.0 200.0 149.7 150.0 100.0 84.2 45.0 50.0 26.5 28.5 - 0.9 2.0 - Register Maintenance Corporate Actions Stakeholder Relationship Management Governance
Slide 60: India (including Issuer Services breakdown)
India (including Issuer Services breakdown) Management revenue: INR million FY19 FY20 FY21 1,608.6 - - 1,400.0 400.0 365.8 1,170.9 350.0 1,200.0 300.0 1,000.0 250.0 800.0 200.0 600.0 150.0 437.7 400.0 100.0 72.0 200.0 50.0 - - Issuer Services Business Services Register Maintenance Corporate Actions
Slide 61: USA
USA Management revenue: USD million FY19 FY20 FY21 1,137.2 1,175.5 1,197.0 600.0 531.3 521.8 496.2 500.0 450.1 438.7 400.0 360.7 300.0 200.0 143.7 144.8 129.3 100.0 60.3 57.0 56.8 40.1 38.7 38.9 0.9 0.1 0.1 - Issuer Services Mortgage Services & Property Employee Share Plans & Business Services Commu
Slide 62: USA – Issuer Services
USA – Issuer Services Management revenue: USD million FY19 FY20 FY21 531.3 496.2 521.8 400.0 374.0 361.0 345.6 350.0 300.0 250.0 200.0 150.0 93.5 100.0 68.1 62.9 53.3 59.9 49.1 50.0 39.2 27.9 14.8 - Register Maintenance Corporate Actions Stakeholder Relationship Management Governance Services FY19 F
Slide 63: Canada
Canada Management revenue: CAD million FY19 FY20 FY21 258.7 249.0 232.8 140.0 120.0 116.0 113.3 106.2 104.0 99.8 100.0 92.5 80.0 60.0 40.0 27.2 25.3 25.1 20.0 9.1 10.4 11.3 0.2 0.1 0.0 - Issuer Services Employee Share Plans & Voucher Business Services Communication Services & Utilities Corporate & T
Slide 64: Canada – Issuer Services
Canada – Issuer Services Management revenue: CAD million FY19 FY20 FY21 106.2 99.8 104.0 90.0 85.7 80.0 77.2 75.3 70.0 60.0 50.0 40.0 30.0 26.0 21.6 20.0 15.1 10.0 2.9 2.9 3.1 - Register Maintenance Corporate Actions Governance Services FY19 FY20 FY21 64
Slide 65: UK, Channel Islands & Equatex
UK, Channel Islands & Equatex Management revenue: GBP million FY19 FY20 FY21 423.1 386.8 322.8 Mortgage Services Plans including FY19: 196.9m Equatex 250.0 FY20: 156.0m FY19: 107.5m FY21: 98.9m FY20: 125.8m 220.2 FY21: 128.8m Vouchers 200.0 FY19: 14.5m 179.6 FY20: 11.5m FY21: 9.0m 150.0 137.3 137.7
Slide 66: UK and Channel Islands – Issuer Services
UK and Channel Islands – Issuer Services Management revenue: GBP million FY19 FY20 FY21 58.6 52.3 52.7 45.0 40.9 40.0 37.5 35.0 34.2 30.0 25.0 20.0 15.0 10.0 7.7 7.2 5.0 5.3 5.8 5.6 4.9 4.9 4.6 5.0 - Register Maintenance Corporate Actions Stakeholder Relationship Management Governance Services FY19
Slide 67: South Africa
South Africa Management revenue: RAND million FY19 FY20 FY21 282.0 267.7 228.4 300.0 267.0 262.8 250.0 224.3 200.0 150.0 100.0 50.0 14.5 4.4 3.9 0.5 0.5 0.1 - Issuer Services Employee Share Plans & Voucher Services Corporate & Technology FY19 FY20 FY21 67
Slide 68: South Africa – Issuer Services
South Africa – Issuer Services Management revenue: RAND million FY19 FY20 FY21 267.0 262.8 224.3 250.0 231.1 198.8 200.0 193.4 150.0 100.0 53.9 50.0 25.3 22.8 10.0 10.0 7.9 0.5 0.0 0.2 - Register Maintenance Corporate Actions Stakeholder Relationship Management Governance Services FY19 FY20 FY21 Not
Slide 69: Germany
Germany Management revenue: EUR million FY19 FY20 FY21 46.0 45.5 46.2 35.0 30.6 30.0 26.0 26.4 25.0 20.0 19.0 15.9 15.0 13.3 10.0 5.0 3.9 1.6 0.8 0.1 0.1 0.0 - Issuer Services Employee Share Plans & Voucher Services Communication Services & Utilities Corporate & Technology FY19 FY20 FY21 69
Slide 70: Germany – Issuer Services
Germany – Issuer Services Management revenue: EUR million FY19 FY20 FY21 15.9 13.3 19.0 20.0 18.5 18.0 16.0 15.5 14.0 12.7 12.0 10.0 8.0 6.0 4.0 2.0 0.4 0.6 0.5 - Register Maintenance Governance Services FY19 FY20 FY21 70
Slide 71: Breakdown of average client balances for FY21
Breakdown of average client balances for FY21 USD 18.8bn Total balances USD 13.6bn USD 5.2bn Exposed balances Non-exposed balances USD 3.1bn USD 10.5bn Hedged balances Non-hedged balances USD 9.5bn USD 1.0bn USD 3.0bn USD 0.1bn Non-hedged Natural hedge Fixed Rate Deposits Fixed Rate Swaps balances f
Slide 72: Exposed and non-exposed FY21 and FY20 average balances by business
Exposed and non-exposed FY21 and FY20 average balances by business Margin Income Margin Income Business Activity FY21 Balances (USD billions) Business Activity FY20 Balances (USD billions) (USD millions) (USD millions) Exposed Non-exposed Exposed Non-exposed Register Maintenance 2.7 0.2 20.9 Registe
Slide 73: Breakdown of FY21 average exposed balances by currency
Breakdown of FY21 average exposed balances by currency USD exposed balances continue to be the largest component Average exposed balances hedged AUD Average exposed balances prior to hedging 1% CAD 15% USD Other 29% AUD 4% 3% CAD USD 3.1bn 14% (USD 13.6bn x 23%) USD 13.6bn GBP (USD 18.8bn x 72%) 55%
Slide 74: Profile of our swap and fixed rate deposit book
Profile of our swap and fixed rate deposit book As at 30 June 2021 3,500 Fixed rate deposits Swaps 3,000 USD million 2,500 2,000 1,500 1,000 500 0 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 As at 30 June 2020 3,500 Fixed rate deposits Swaps 3,000 USD million 2,500 2,000 1,500 1,000 500 0 Jul-20 Jul-21 Jul-2
Slide 75: Profile of floating rate deposits
Profile of floating rate deposits As at 30 June 2021 4,000 3,000 USD million 2,000 1,000 0 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 As at 30 June 2020 4,000 3,000 USD million 2,000 1,000 0 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24 75
Slide 76: Exchange rates
Exchange rates Currency FY21 1H21 FY20 1H20 FY19 1H19 USD 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 AUD 1.3464 1.3971 1.4889 1.4623 1.3933 1.3734 HKD 7.7550 7.7504 7.7999 7.8321 7.8405 7.8371 NZD 1.4428 1.4975 1.5683 1.5504 1.4874 1.4893 INR 73.7286 74.2471 71.9578 70.4405 70.4260 70.6855 CAD 1.2921
Slide 77: 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