Heartland Group Holdings Ltd. · NZX:HGH
Heartland — Shareholder Meeting (November 2025)
29 slides from Heartland's shareholder meeting presentation, Nov 13, 2025
Slide 1: Annual General Meeting 2025
Annual General Meeting 2025 13 November 2025
Slide 2: Agenda
Agenda 01 Welcome and formalities 02 Chair’s Address 03 Heartland Group CEO’s Address 04 Heartland Bank New Zealand CEO’s Address 05 Heartland Bank Australia CEO’s Address 06 Shareholder discussion 07 Voting and conduct of poll 08 Other business 2
Slide 3: Other formalities
Other formalities Proxies and postal votes received Meeting procedures Voting procedures and declaration of poll Notice of meeting Minutes of last Annual Meeting 3
Slide 4: Voting and asking questions
Voting and asking questions Voting Card Question box 4
Slide 5: Other formalities
Other formalities Proxies and postal votes received Meeting procedures Voting procedures and declaration of poll Notice of meeting Minutes of last Annual Meeting 5
Slide 6: Chair’s Address
01 Chair’s Address Greg Tomlinson Chair, Heartland Group 6
Slide 7: Marking a 150-year milestone
Marking a 150-year milestone Heartland’s origins date back to the establishment of the Ashburton Permanent Building & Investment Society in 1875. In 2011, in the wake of the Global Financial Crisis, Heartland emerged with a clear ambition to be a bank that could thrive by doing things differently. C
Slide 8: In review
In review Building on the momentum achieved in 2H2025, Heartland delivered a solid performance for Q1, improving profitability and ROE across the quarter. Heartland is on track to deliver an underlying NPAT of >$85m for FY2026. Summary of consolidated group key financial metrics Underlying Underlyin
Slide 9: Board of directors
Board of directors Heartland Group Heartland Bank New Zealand Heartland Bank Australia Chair & Non-Independent Chair & Independent Geoff Chair & Independent Greg Tomlinson Bruce Irvine Non-Executive Director Non-Executive Director Summerhayes Non-Executive Director Independent Non-Independent Indepe
Slide 10: Management
Management Heartland Group Heartland Bank New Zealand cont. Heartland Bank Australia Chief Executive Officer Chief Operating Officer Chief Executive Officer Andrew Dixson Michael Drumm Joined in 2015 Michelle Winzer Joined in 2024 Joined in 2010 Chief People & Culture Officer Chief Risk Officer Mich
Slide 11: Shareholder return
Shareholder return • While ROE and EPS are below historic levels, Heartland Underlying ROE1 saw a strong rebound in 2H2025, with underlying ROE1 of 11.9% 6.0% and underlying EPS 2 of 4.6 cps. 9.8% • This positive momentum continued in Q1, with underlying 10.9% 9.8% ROE of 7.6% and underlying EPS of
Slide 12: FY2026 outlook
FY2026 outlook Heartland is well positioned to face the future with great confidence. Its focus for FY2026 is on: Maintaining a refined strategic focus on core product sets • NZ bank: Reverse Mortgages, Rural Lending, Motor Finance, Asset Finance, Deposits • AU bank: Reverse Mortgages, Livestock Fin
Slide 13: Heartland in the community
Heartland in the community Trustees: Bruce Irvine, Sir Christopher Mace, Graham Kennedy, John Harvey. Through the Heartland Trust, Heartland Bank supported 17 organisations across New Zealand in FY2025, with grants totalling $465,000. Mid Canterbury organisations: Reo Takeuchi – Karate-ka at Tātai W
Slide 14: Heartland Group CEO’s Address
02 Heartland Group CEO’s Address Andrew Dixson Chief Executive Officer, Heartland Group 14
Slide 15: FY2025 summary
FY2025 summary A year of significant reset, change and integration. Heartland prioritised capital efficiency during FY2025, restoring a superior margin and actively derisking its lending portfolios to strengthen its foundations for the future. Reset Change Integration • NPAT of $38.8m. Underlying NP
Slide 16: Non-strategic assets (NSA)
Non-strategic assets (NSA) NSA realisation accelerated in Q1 and is exceeding Heartland’s estimates, with momentum continuing early into Q2. By the end of this calendar year, we estimate the total value of NSAs will be $179.5 million – a reduction of $358.1 million, or 66.6%, since 30 June 2024. Out
Slide 17: Looking forward
Looking forward Looking ahead, Heartland expects to deliver an underlying Underlying FY2026 guidance ROE of at least 7% and an improved underlying NPAT of at NPAT ≥$85m least $85 million, with a focus on two critical themes: ROE ≥7% 1 Technology uplift Average NIM >3.90% Increase process automation
Slide 18: Heartland Bank NZ CEO’s Address
03 Heartland Bank NZ CEO’s Address Leanne Lazarus Chief Executive Officer, Heartland Bank New Zealand 18
Slide 19: NZ banking: Business performance
NZ banking: Business performance Heartland Bank’s vision is to be New Zealand’s leading specialist bank, with a superior customer and originator experience, low CTI ratio and a strong ROE. Quality Efficiency Growth • Motor Finance: • Costs increased in FY2025. Cost growth • Growth focus on specialis
Slide 20: NZ banking: Looking forward
NZ banking: Looking forward Heartland Bank has a clear focus on building on its strengths across its core portfolios. 1 Support more New Zealanders with their specialist banking needs Reverse Mortgages, Livestock Finance, Motor Finance, Asset Finance, Savings & Deposits 2 Continue to invest in techn
Slide 21: Heartland Bank AU CEO’s Address
04 Heartland Bank AU CEO’s Address Michelle Winzer Chief Executive Officer, Heartland Bank Australia 21
Slide 22: AU banking: Business performance
AU banking: Business performance Heartland Bank Australia’s vision is to be Australia’s leading specialist bank, enriching customers’ lives through financial freedom. Business growth Service excellence Diversify distribution • Business momentum improved half-on-half during • Significantly reduced ap
Slide 23: AU banking: Looking forward
AU banking: Looking forward Heartland Bank AU is focused on maintaining momentum, simplifying its business, and strengthening its partnerships. 1 Leverage market leadership in Reverse Mortgages to meet the significantly untapped potential available to us. 2 Implement a new unified origination and se
Slide 24: Shareholder discussion
05 Shareholder discussion 24
Slide 25: Voting and conduct of poll
06 Voting and conduct of poll 25
Slide 26: Resolution 1: Auditor’s Remuneration
Resolution 1: Auditor’s Remuneration That the Board be authorised to fix the remuneration of Heartland’s auditor, PwC, for the financial year ending 30 June 2026. 26
Slide 27: Voting and polling procedures
Voting and polling procedures Mark your intention on your Voting Card by selecting “For”, “Against” or “Abstain” at Item 1. For those online, please click “Submit Vote” on the bottom of the voting card to lodge your vote. Once you have voted: • Place your Voting Card in the ballot boxes as they are
Slide 28: Other business
HEARTLAND GROUP Other business
Slide 29: Thank you
Thank you Investor & media relations Nicola Foley Head of Corporate Communications & Investor Relations +64 27 345 6809 nicola.foley@heartland.co.nz Investor information For more information heartlandgroup.info/investor-information
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