Heartland Group Holdings Ltd. · NZX:HGH
Heartland — Q1 FY2026 Earnings Presentation
12 slides from Heartland's earnings presentation, Sep 30, 2025
Slide 1: 1Q2026 Trading Update
Investor Presentation 1Q2026 Trading Update For the quarter ended 30 September 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Heartland Group Holdings Limited impacts of one-offs, both positive and negative, which can make it difficult to compare (NZX/ASX: HGH) (the Company or Heartland) for the purpose of briefings in performance between periods. relation to this market up
Slide 3: 1Q2026 summary
1Q2026 summary Heartland delivers a solid performance for 1Q2026, improving profitability and ROE across the quarter. • Overall NIM continued to expand, and cost growth has remained stable. • Strong momentum was maintained in Reverse Mortgages within both banks, while subdued markets • Asset quality
Slide 4: Non-strategic asset (NSA) realisation progress
Non-strategic asset (NSA) realisation progress NSA realisation accelerated in Q1 and is exceeding Heartland’s estimates, with momentum continuing early into Q2. • Good progress in achieving accelerated exits from Rural and Business Relationship borrowers primarily • The unconditional sale of one of
Slide 5: NZ banking
NZ banking Reported Underlying Underlying guidance NPAT 3Q2025 4Q2025 1Q2026 3Q2025 4Q2025 1Q2026 FY2026 $10.2m $10.8m $17.1m $10.6m $10.8m $14.0m >$45m NIM Underlying impairment expense ratio 3.32% >4.25% 4.18% FY2025 4.08% 1.40% 3.89% 3.93% >4.20% 3.82% 4.13% 4.06% 3.92% 0.77% 0.92% <0.85% 3.82% 0
Slide 6: NZ banking: Impairment and provisioning
NZ banking: Impairment and provisioning Impairment expense ($m) Total provisions and coverage 39.8 2.31% 2.06% 2.10% 2.13% 1.94% 20.2 8.3 23.8 28.9 10.8 7.1 28.5 9.8 15.9 20.7 26.8 14.1 4.4 7.9 4.7 6.1 7.9 4.0 3.5 1.1 2.0 2.2 (4.2) (4.6) (2.8) 55.5 (0.2) (0.1) 48.2 54.4 46.7 (1.0) 43.9 (5.2) 1Q2025
Slide 7: NZ banking: Asset quality
NZ banking: Asset quality NPL ratios1 Asset quality – Motor Finance3 3.82% 3.7%, $65.0 1.1%, 3.40% 3.31% $20.3 2.7%, $46.3 3.21% 3.22% 1.2%, 2.2%, $37.9 1.1%, 1.9%, $32.3 $20.2 0.8%, 2.84% $19.9 0.0%, $0.4 $13.2 0.6%, $9.8 1 2.34% 2.46% 1.5%, 1.5%, 2.40% 2.36% 1.4%, $24.8 29.4%, 1.3%, $25.8 $24.7 $2
Slide 8: AU banking
AU banking Reported Underlying Underlying guidance NPAT 3Q2025 4Q2025 1Q2026 3Q2025 4Q2025 1Q2026 FY2026 AU$7.9m AU$8.0m AU$9.1m AU$7.9m AU$8.2m AU$9.1m >AU$37m (NZ$40m) NIM1 Asset quality >3.65% 4.37% 3.59% 3.62% 3.27% 3.09% 3.13% 3.50% 2.62% 2.62% 2.40% 3.47% >3.40% 3.31% 2.67% 0.15% 0.27% 3.01% 0
Slide 9: Additional information
HEARTLAND GROUP Additional information
Slide 10: Motor Finance arrears vs. auto industry average
Motor Finance arrears vs. auto industry average 6.5% 6.3% 6.0% 6.1% 5.9% 5.8% 5.5% 5.4% 5.4% 5.2% 5.1% 5.0% 4.9% 5.0% 4.6% 4.5% 4.6% 4.3% 4.0% 31/12/2024 31/03/2025 30/06/2025 31/08/2025 30/09/2025 Market Arrears (Centrix Market Report) Total Motor (HBL) Consumer Motor (HBL) 10 Note: • For the purpo
Slide 11: Glossary
Glossary bps Basis points Receivables Gross Finance Receivables (includes Reverse Mortgages) cps Cents per share ROE Return on Equity CTI ratio Cost-to-income ratio 4Q26+ Fourth quarter of FY2026 (1 April to 30 June 2026) and onwards DPD Days past due 3Q26 Third quarter of FY2026 (1 January to 31 Ma
Slide 12: 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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