Propel Holdings, Inc. · TSX:PRL
Propel — Investor Presentation (November 2025)
32 slides from Propel's investor presentation, November 2025
Slide 1: Investor Presentation November 2025
TSX:PRL Investor Presentation November 2025 1
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING INFORMATION Certain statements made in this presentation may constitute forward-looking information under applicable securities laws. These statements may relate to our 2025 Operating and Financial Targets, our profitable growth prospects, our dividend, our ability to prof
Slide 3: Building a new world of financial opportunity
Building a new world of financial opportunity INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 3
Slide 4: We Enable Credit to Underserved Consumers
US$2.5+ Billion in Credit Facilitated¹ We Enable Credit to US$563 Million Underserved Consumers LTM Revenue2 Traditional financial institutions rely on credit scores, but that locks out millions of everyday consumers >1,200,000 We are changing that through our proprietary AI-powered Consumers Served
Slide 5: Investment Highlights
Investment Highlights Innovative, Consumer Fintech transparent products lending platform AI-powered tech and services, serving the US, UK platform unlocking including 3 bank and Canadian credit opportunity programs and 4 markets Lending as a Service partnerships Experienced and Profitable, scalable
Slide 6: Our Mission
Mission Our Mission Inclusion Evolution Experience Every individual Committed to giving Provide a best-in- deserves access to credit consumers the potential to class consumer experience evolve to better credit products over time CONFIDENTIAL 6 INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 6
Slide 7: Financial Inclusion for the Underserved Consumer
Financial Inclusion for the Underserved Consumer ~90 Million 37% 36% 54% Estimated size of US, UK US adults are unable UK working population Canadians say they’re + Canada underserved to afford a $400 living paycheque to living paycheque to market1 emergency expense2 paycheque3 paycheque4 Inaccessib
Slide 8: Propel Today
Propel Today Highly profitable, diversified and scalable business with significant growth opportunity 100% online At Scale Profitable YTD 2025 US$2.5B+ ~20.4M US$ Fiscal 2024 in originations1 unique applications Revenue $434.0M $449.7M per year2 Net Income $53.6M $46.4M ~1.67M ~61,000 Adj. Net Incom
Slide 9: Our Products
Our Products INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 9
Slide 10: Operating Brands, Products and Services
Operating Brands, Products and Services Product/Service Geography Served Loan Amount Range USD $200-$3,500 USD $500-$15,000 CAN $1,000-$15,000 USD $1,000-$8,000 GBP £300 - £1,500 Direct Lender Bank Program Direct Lender Operating Structure Credit Services Lending-as-a-Service Direct Lender Lending-a
Slide 11: Putting Customers First
Putting Customers First Consistently Lowered Cost of Credit Over Time Introduce lower cost of credit products for qualifying customers “It was so simple, easy and quick. Within 24 hours, I got accepted and had access to Graduation Programs a line of credit. Greatly Propel platform offers the capabil
Slide 12: Our Platform
Our Platform INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 12
Slide 13: Industry-Leading Proprietary Technology
Industry-Leading 90% of applications auto-decisioned Proprietary Technology1 96% of ad hoc card payments made online Three Major Subsystems Open Architecture AI-Powered Acquisition + Integrates easily and securely with: 110+ Person In-House 1 Tech team Underwriting Engine • 30 marketing partners & L
Slide 14: Looking Beyond Traditional Credit Scores
Looking Beyond Traditional Credit Scores Traditional financial institutions rely on credit scores, Employment Data but that locks out millions of everyday consumers Consumer Behaviour Income Verification We use AI to build our own risk score --- and can use Consumer Verification Data up to 5,000 dat
Slide 15: Driving Growth While Managing Risk
Driving Growth While Managing Risk Credit Performance Remains Strong and Stable While Loan Balances Grow Substantially $600,000,000 20.0% 18.0% $500,000,000 Fund More 16.0% Consumers 14.0% $400,000,000 12.0% $300,000,000 10.0% Manage Risk 8.0% $200,000,000 6.0% 4.0% $100,000,000 2.0% $- 0.0% Q1 Q2 Q
Slide 16: Best-in-Class Operations + Customer Service
Best-in-Class Operations + Customer Service 280+ 7 days strong operations team across 2 a week live agent service centralized locations Serving customers with urgency, 24/7 “ Excellent 4.4+ Ratings respect and online platform exceptional customer service The application process was simple and quick.
Slide 17: Financial Performance
Financial Performance INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 17
Slide 18: Robust Loan and Revenue Growth
Robust Loan and Revenue Growth Loans and Advances Receivable Ending Combined Loan and Advance Revenue Balances* US$M US$M $557.7 US$M $449.7 $434.0 $434.8 $480.6 $375.2 $316.5 $320.4 $337.3 $259.3 $247.5 $226.9 $195.6 $152.1 $129.6 $117.2 $134.8 $103.8 2021 2022 2023 2024 Q3 2025 2021 2022 2023 2024
Slide 19: Stability and Scalability of Business Model
Stability and Scalability of Business Model Provision for loan losses and other liabilities (“Provision”) and Net Charge-offs Q3 2025 Provision % Revenue and Net Charge-offs as as % of Average CLAB* % of Avg. CLAB* reflect stable credit performance 60% • Q3 2025 provision % revenue consistent with Q
Slide 20: Generating Strong Profitability
Generating Strong Profitability Net Income Adjusted Net Income* Adjusted EBITDA* US$M US$M US$M $121.3 $53.6 $62.3 $58.7 $108.7 $46.4 $89.4 $45.4 $34.8 $75.7 $35.6 $27.8 $20.5 $40.9 $15.1 $15.0 $16.2 $28.9 $32.3 $10.5 $13.1 $14.0 $25.7 $6.6 2021 2022 2023 2024 Q3 2024 Q3 2025 YTD Q3 YTD Q3 2021 2022
Slide 21: Focus on Maximizing Shareholder Returns
Focus on Maximizing Shareholder Returns Return on Equity Adjusted Return on Equity* Continued earnings growth leading to strong ROE and Adj. ROE* and ability 40% 36% 34% 48% 48% 45% 52% to raise dividend 30% 30% 39% 24% 24% 33% • Company’s operating cash flow and debt 19% 26% 25% capacity sufficient
Slide 22: Well Capitalized For Continued Growth
Well Capitalized For Continued Growth • Company well-funded for • Recently upsized CreditFresh Credit Capacity (in US$M) continued growth, new strategic facility by $70 million to $400 initiatives and to support million and refinanced MoneyKey increased dividend to $15 million in Q2 2025 while • Thr
Slide 23: Growth Outlook: Updated FY2025 Operating and Financial Targets
Growth Outlook: Updated FY2025 Operating and Financial Targets Ending Revenue (US$) Adjusted Net Income Adjusted Net Return on Adjusted Combined EBITDA Margin Income Equity**** ROE**, *** Loan and Margin**, Margin**, *** Advance *** Balances*, **, *** 18% - $590M - 23% - 10.5% - 11.75% - 27%+ 29%+ 2
Slide 24: Growth Strategy
Growth Strategy Serving lower risk Graduating Geographic Adjacent products markets consumers up the expansion credit spectrum Extension of existing Continue to graduate Expansion into Design, deliver and product suite into near- existing clients to new new states/provinces, cross-sell prime market a
Slide 25: Customer testimonial
The immediate response and service were great. During an emergency time of need it was a great relief for fast response. The online application was appreciated and easy. Thank you. INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 25
Slide 26: Welcome to a new world of financial opportunity
Over a million loans facilitated. Over two billion dollars in lending. Welcome to a new world of financial opportunity. INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 26
Slide 27: Appendix
Appendix INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 27
Slide 28: Non-IFRS Measure Reconciliation
Non-IFRS Measure Reconciliation Three Months Ended Sept 30, Nine Months Ended Sept 30, Year Ended December 31, US$ 2025 2024 2025 2024 2024 2023 2022 2021 Net income 15,006,810 10,521,257 53,583,320 34,766,689 46,375,867 27,776,133 15,127,447 6,562,442 Interest on Debt 8,600,196 8,401,947 25,402,713
Slide 29: Non-IFRS Measure Reconciliation
Non-IFRS Measure Reconciliation Three Months Ended Sept 30, Nine Months Ended Sept 30, Year Ended December 31, US$ 2025 2024 2025 2024 2024 2023 2022 2021 Net income 15,006,810 10,521,257 53,583,320 34,766,689 46,375,867 27,776,133 15,127,447 6,562,442 Transaction and Financing Costs net of taxes1 -
Slide 30: Non-IFRS Measure Reconciliation
Non-IFRS Measure Reconciliation As at Sept 30, As at December 31, US$ 2025 2024 2024 2023 2022 2021 Ending Combined Loan and Advance balances1 557,694,435 432.273.487 480,602,408 337,282,804 247,488,344 134,843,170 Less: Loan and Advance balances owned by third party lenders pursuant to CSO program
Slide 31: Non-IFRS Measure Reconciliation
Non-IFRS Measure Reconciliation Three Months Ended Sept 30, Nine Months Ended Sept 30, Year Ended December 31, US$ 2025 2024 2025 2024 2024 2023 2022 2021 Charge-offs 73,625,432 50,264,599 208,821,590 142,605,299 208,306,980 148,955,126 109,981,529 46,898,488 Recoveries (9,493,980) (6,167,864) (27,5
Slide 32: Building a new world of financial opportunity.
Building a new world of financial opportunity. INVESTOR PRESENTATION Q3 2025 CONFIDENTIAL 32
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