Latitude Group Holdings Ltd. · ASX:LFS
Latitude — Investor Presentation (March 2026)
28 slides from Latitude's investor presentation, Mar 24, 2026
Slide 1: Latitude Capital Notes 2 Investor Presentation
Latitude Capital Notes 2 ASX: LFSPB Investor Presentation 24 March 2026 LATITUDE GROUP HOLDINGS LIMITED ABN 83 604 747 391
Slide 2: Important Notice
Important Notice This presentation has been prepared and authorised by Latitude Group Holdings Limited (ABN 83 604 747 391) (“Latitude”) in relation to its proposed offer of Capital Notes 2 (the “Offer”). The Offer is made pursuant to a prospectus which was lodged with the Australian Securities and
Slide 3: Corporate Overview & Update
Corporate Overview & Update 3
Slide 4: Full Year 2025 Snapshot – Key Business Drivers
Full Year 2025 Snapshot – Key Business Drivers Strong customer demand and product engagement driving asset growth at higher margins New Customer Total Card Total Card Purchase New Personal & Auto Accounts Transactions (#) Volume ($) Loan Origination Market Share Growth Accelerating 307k 59m $7.4b $1
Slide 5: Full Year 2025 Snapshot – Key Financial Metrics
Full Year 2025 Snapshot– Key Financial Metrics Revenue momentum and operating leverage translating into strong financial outcomes Interest Net Interest Total Operating Risk Adjusted Income Income Income Income Funding Raised $3 billion $1.2b $814m $839m $573m Continued to expand in public 17.2% 11.7
Slide 6: Strength of Latitude funding platform is key differentiator
Strength of Latitude funding platform is key differentiator Continued active funding programme with 3 term transactions totaling $1.5b in 2025 Geographic ABS Investor Distribution Programmatic debt platform Warehouse Financing 22% 40% Managed maturity profile A$5.3bn 8 Active Total Limits Facilities
Slide 7: RAI margin evolution
RAI margin evolution Margin optimisation in response to evolving macro conditions Re-pricing strategies to deliver uplift Optimisation 17.34% 17.54% Key YoY drivers 15.96% Revenue 14.92% 14.67% Margin expansion and portfolio growth Yield continues RAI ↑121bps RAI 10.10% • FY25 RAI +27bps YoY to over
Slide 8: Delinquency performance remains within target range
Delinquency performance remains within target range Delinquency and losses performing in line with historical norms Quality of new customer Normalised delinquency trends performing in line with pre-Covid long-term norms originations remains strong Money charge off methodology change 3 Pre- COVID Cyb
Slide 9: Offer details
Offer details 9
Slide 10: Latitude Capital Notes 2 - Offer summary
Latitude Capital Notes 2 - Offer summary Issuer • Latitude Group Holdings Limited (ACN 604 747 391) (“Company”) Quotation • The Company will apply for Latitude Capital Notes 2 (“Capital Notes 2”) to be quoted on ASX under ASX code ‘LFSPB’ Offer size • Approximately $100 million, with the ability to
Slide 11: Latitude Capital Notes 2 - Offer summary (cont.)
Latitude Capital Notes 2 - Offer summary (cont.) • Holders are expected to receive quarterly, floating rate discretionary Distributions, which are cumulative Distributions • Distributions on Capital Notes 2 are expected to be fully franked • Margin expected to be in the range of 4.15% to 4.35 % per
Slide 12: Summary of Reinvestment Offer
Summary of Reinvestment Offer An offer by the Company to Eligible Capital Notes 1 holders to reinvest some or all of their Capital Notes 1 in Capital Notes 2. Reinvestment Offer Participating Capital Notes 1 will be acquired by the Nominated Purchaser on 28 April 2026 for $100 per Capital Notes 1. A
Slide 13: Ranking of Capital Notes 2 in a winding-up of Latitude
Ranking of Capital Notes 2 in a winding-up of Latitude Ranking in a winding up of Latitude Type of obligation Higher Secured liabilities and liabilities preferred by law (including employee entitlements) ranking Liabilities that rank in Bank debt facilities priority to Capital Notes 2 Unsubordinated
Slide 14: When can Capital Notes 2 be Redeemed or Converted?
When can Capital Notes 2 be Redeemed or Converted? Issue Optional Exchange Date (or Distribution Payment Dates following the Optional Exchange Date Date Potentially perpetual Any 28 January, 28 April, 28 July and 28 October 28 April 2026 28 April 2031 following 28 April 2031 (until the Capital Notes
Slide 15: Comparison between Capital Notes 2 and other listed investments
Comparison between Capital Notes 2 and other listed investments Typical ASX-listed bank ASX-listed portfolio-backed notes Latitude Capital Notes 1 Latitude Capital Notes 2 Tier 1 hybrid Security Unsecured Unsecured Unsecured Unsecured Perpetual (unless Redeemed, Converted or Term Typically 5-7 years
Slide 16: Key dates
Key dates Key Dates for the Offer Key Dates for Capital Notes 2 Lodgement of the Prospectus with ASIC Tuesday, 24 March 2026 First quarterly Distribution Payment Date 28 July 2026 Bookbuild to determine the Margin commences Tuesday, 24 March 2026 First Optional Redemption Date 28 April 2031 Announce
Slide 17: Key risks associated with an investment in the Capital Notes 2
Key risks associated with an investment in the Capital Notes 2 • The price at which Holders are able to sell Capital Notes 2 on ASX is uncertain. The market price might be below the Issue Price of $100 per Capital Note 2. Market price of • Circumstances in which the price of Capital Notes 2 may decl
Slide 18: Key risks associated with an investment in the Capital Notes 2 (cont.)
Key risks associated with an investment in the Capital Notes 2 (cont.) • There are a number of scenarios in which Capital Notes 2 may be Redeemed for cash or Converted to Latitude Ordinary Shares. It is uncertain whether and when It is not certain whether Exchange may occur. The timing of any Redemp
Slide 19: Joint Lead Managers
Joint Lead Managers CO-LEAD ARRANGERS AND JOINT LEAD MANAGERS Investors seeking personal advice Wholesale investors Commonwealth Bank of Australia Not available to retail investors 02 8397 2229 Westpac Institutional Bank Not available to retail investors 07 3033 6310 JOINT LEAD MANAGERS Morgans Fina
Slide 20: Appendix
Appendix 20
Slide 21: Latitude Financial Services Group Business Model
Latitude Financial Services Group Business Model Our Core Segments PAY MONEY Sales Finance Credit Cards White Label Personal Loans Motor Loans ~1.3m ~$4.3bn ~200k ~$2bn ~120k ~$1bn ~133k ~$1.3bn ~35k ~$325m customers purchases customers purchases customers purchases customers originations customers
Slide 22: Meeting the needs of consumers and merchant-partners
Meeting the needs of consumers and merchant-partners Engaged CUSTOMERS looking for great experiences… Cross-generational & high quality Engaged, loyal & long-tenured • 68% Millennials & Gen X and 23% Boomers • 51% customers for 5+ years • 69% city, 31% rural1 • 75% of SF volume from recurring cu
Slide 23: Unparalleled scale, reach & expertise distinguish LFS franchise
Unparalleled scale, reach & expertise distinguish LFS franchise across consumer lending landscape AU Personal loans and cards portfolio ranking1 SCALE 14.0 $bn Big 4 Bank $7.2bn total customer balances2 Non-Bank Lenders $7.4bn in total purchases on cards annually2 Regional/Mid-sized Bank 12.0 Mutual
Slide 24: Money: Record receivables and expanding margins
Money: Record receivables and expanding margins Record new origination Yield uplift translating into $3.3bn Receivables is a new volumes in 2025 stronger NIM performance record high 10% YoY growth across all products and +8.5% HoH / 13.8% YoY with increase in Pricing optimisation combined with roll-
Slide 25: Origination volume in Pay is powering growth
Origination volume in Pay is powering growth Enhanced value propositions gaining LFS Card usage & purchase Above market growth delivered traction and capturing customer volume momentum alongside expanding revenue demand accelerating margins Applications +14% YoY Higher customer engagement driving hi
Slide 26: OpEx re-engineering benefits realised, enabling growth investment
OpEx re-engineering benefits realised, enabling growth investment and elevating operating leverage 26
Slide 27: Results Summary
Results Summary 2H25 1H25 2H24 HoH YoY FY25 FY24 YoY New Volume ($m) 4,807 4,247 4,418 13% 9% 9,054 8,223 10% Gross receivables ($m) 7,211 6,962 6,748 4% 7% 7,211 6,748 7% AGR ($m) 7,012 6,842 6,565 2% 7% 6,924 6,430 8% Cash PBT ($m) 118 93 89 26% 33% 211 155 36% Cash NPAT ($m) 59 46 38 27% 53% 105
Slide 28: Outlook
Outlook Latitude expects to continue to benefit from the strategic initiatives implemented over the past 12 months to sharpen its focus on its core consumer segments in Australia and New Zealand. These actions have improved operational focus and are expected to support disciplined growth, subject to
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