Netwealth Group Ltd. · ASX:NWL
Netwealth — Shareholder Meeting (November 2025)
44 slides from Netwealth's shareholder meeting presentation, Nov 12, 2025
Slide 1: Netwealth 2025 Annual General Meeting Addresses and Presentation
12 November 2025 ASX Announcement Netwealth Group Ltd ABN 84 620 145 404 Level 6/180 Flinders Street Melbourne VIC 3000 Netwealth 2025 Annual General Meeting Addresses and Presentation PO Box 336 South Melbourne VIC 3205 Netwealth Group Limited (ASX: NWL) will today address shareholders at its Annua
Slide 2: Chair's Address
2025 Annual General Meeting Addresses and Presentation Chair’s Address The 2025 financial year (FY25) was another year of milestones and impressive achievements for Netwealth. Throughout FY25, inflation continued to decline, interest rates further moderated which saw global equity markets continue t
Slide 3: CEO and Managing Director's Address
I thank my fellow Directors for their dedication, insightful advice and contribution to Netwealth governance as I stepped into the Chair role. Finally, I thank our clients and shareholders. We look forward to working with you in FY26. I will now hand over to Matt. CEO and Managing Director’s Address
Slide 4: For personal use only
The domains are: • Wealth Solutions, which consists of Financial solutions that we offer, including our flagship Super and Wealth Accelerator Products, our Managed Account and our Global Specialist Solution funds. Shortly we will also be launching Netwealth Private, a new service designed specifical
Slide 5: For personal use only
continue to invest in our technology infrastructure, platform and capability which underpins our growth Importantly, we are starting to see real benefits from leveraging data, AI, and agentic AI to drive efficiency, new services, and scale-up support. We are rapidly increasing our share of the afflu
Slide 6: First Guardian matter
• the responsible entity of the scheme and the individuals who are responsible for the fraudulent activity at the heart of this matter. In an effort to resolve this for members, we have applied to the Minister for a grant of Financial Assistance. We’ve taken this step because we believe that the bes
Slide 7: Sustainability and outlook
Finally, we recognise the need to create a positive social and environmental impact. In the last financial year, we reduced our scope 1 and 2 emissions to zero primarily through the use of renewable energy across our workplace facilities. Some of our FY25 achievements are on the slide and I encourag
Slide 8: About Netwealth
About Netwealth Netwealth is a financial services company listed on the Australian Securities Exchange (ASX: NWL). Netwealth was created with an entrepreneurial spirit to challenge the conventions of Australia’s financial services. We are a technology company, a superannuation fund trustee, and an a
Slide 9: Annual General Meeting FY2025
For personal use only See wealth differently Annual General Meeting FY2025 12 November 2025 1 FY2025 AGM 12 November 2025 Disclaimer: This document is for general use. Modification of content is prohibited unless you have Netwealth’s express prior written consent.
Slide 10: Our purpose
Our purpose is For personal use only To enable people to see wealth differently and discover a brighter future 2 FY2025 AGM 12 November 2025
Slide 11: Acknowledgement of Country
For personal use only Acknowledgement of Country We acknowledge the traditional owners of the lands that we work and live on. Our office here in Melbourne is on the lands of the traditional owners, the Wurundjeri people of the Kulin Nation. We celebrate the stories, culture and traditions of the Abo
Slide 12: Today's presenters and agenda
Today’s presenters and agenda For personal use only Meet Discover 1. Chair’s address 2. CEO’s address Michael Wachtel Matt Heine 3. Formal business Chair CEO and Managing Director 4 FY2025 AGM 12 November 2025
Slide 13: Netwealth's Board of Directors
Netwealth’s Board of Directors Michael Wachtel Matt Heine Michael Heine For personal use only Chair and Non-Executive Director CEO and Managing Director Founder and Non-Executive Director (joined 2025) (joined 2001) • Over 35 years in professional services including as Chair • Over 20 years’ experie
Slide 14: Other attendees
Other attendees For personal use only Rita Harris Hayden Stockdale Jodie Henson Independent Chair of Netwealth Chief Financial Officer Chief Risk, Legal and Governance Superannuation Services (joined 2024) Officer and Company Secretary (joined Sep 2020) (joined 2023) • Over 30 years' experience in C
Slide 15: Items of formal business
Items of formal business For personal use only 1. Consideration of the Annual Financial Report and Directors’ and Auditor’s Reports; 2. Adoption of the Remuneration Report; 3. Re-election of Director, Ms Sally Freeman; 4. Re-election of Director, Mr Davyd Lewis; 5. Election of newly appointed Direct
Slide 16: Chair's Address
For personal use only 2025 Chair’s Address Mr Michael Wachtel 8 FY2025 AGM 12 November 2025
Slide 17: Consistent momentum in FUA, FUM driving market share growth
Consistent momentum in FUA, FUM driving market share growth For personal use only Total industry platform FUA increased by 12.7% to $1.25Tr for 12 months Netwealth’s total FUA increased 28.2% to $112.8B for 12 months to 30 to 30 June 2025. Netwealth’s market share increased 1.0% to 8.9%. June 2025.
Slide 18: FUA and FUM growth delivering attractive shareholder returns
FUA and FUM growth delivering attractive shareholder returns For personal use only EBITDA margin of 50.4% for FY2025, an increase of 1.5% from FY2024 Total income $324.4M for FY2025, increased 27.1%. 4 year CAGR of EBITDA $163.5M, increased by 31.1% in FY2025. 4 year CAGR of 19.8%. 21.6%. $163.5M $3
Slide 19: Executive Team
Executive Team For personal use only Netwealth Group Limited Matt Heine John Hanrahan Jodie Henson Shanyn Payne Hayden Stockdale CEO and Managing Chief Information Chief Risk, Legal and Chief People Officer Chief Financial Officer Director (CEO) Officer Governance Officer (retired Aug 25) and Compan
Slide 20: Thank you
For personal use only Thank you • Netwealth Superannuation Services • Our Board of Directors • Our shareholders • Our clients 12 FY2025 AGM 12 November 2025
Slide 21: CEO's Address
For personal use only 2025 CEO’s Address Mr Matt Heine 13 FY2025 AGM 12 November 2025
Slide 22: Broad-based growth across customer segments
Broad-based growth across customer segments For personal use only Successful strong expansion in key high-value segments driving FUA Expansion of high-value customer segments FUA by client type Growth in new products targeting Emerging and Affluent and UHNW customers HNW UHNW, Family Office Institut
Slide 23: Consistent track record of growth and market share gains
Consistent track record of growth and market share gains For personal use only Netwealth is a leading specialist investment platform, increasing market share by 13.3% (105 bps) to 8.9%. Legacy platforms (with 54.5% of the market) continued to see their market share declining Platform providers net f
Slide 24: Netwealth's advantage and Strategic Focus
Netwealth’s advantage and Strategic Focus For personal use only We seek to drive change that matters by delivering differentiated products and service that leverage data, technology and connectivity Our advantage is that we drive WEALTHTECH INSIGHTS & change that matters by delivering Powerful trans
Slide 25: Trends that matter
Trends that matter For personal use only Platform market Affluent advice Private wealth and broking ~$3.3T FUA of $1.2T and 2 year CAGR of 10.2%1 UHNW investment allocation (those with investable assets of $10M or more)2 Affluent and UHNW Cash & Other total investable assets2 $1.2T 19% Alternative $
Slide 26: Focus on client needs through differentiation and capability
Focus on client needs through differentiation and capability For personal use only Create capacity Accelerate share of affluent advice Accelerate share of private wealth & broking • Reduce reliance on 3rd party systems for • Develop solutions to support more • Expand our offering to include individu
Slide 27: Netwealth's corporate sustainability
Netwealth’s corporate sustainability For personal use only We are dedicated to creating long-term value through responsible business practices, empowering people, and genuine community engagement. Foster diversity, talent and wellbeing Be genuine and transparent in our dealings • Employee engagement
Slide 28: Outlook
Outlook For personal use only Netwealth has commenced FY26 with strong FUA net flows momentum. Total FUA as at 10 November 2025 was $123.8B. Strong momentum continues to be evident in the business demonstrated by strong growth: • in FUA and FUA net flows; • in conversion rates across all customer se
Slide 29: Business of Meeting
For personal use only 2025 Business of Meeting Mr Michael Wachtel 21 FY2025 AGM 12 November 2025
Slide 30: Annual Financial Report and Directors' and Auditor's Reports
Item 1 For personal use only Annual Financial Report and Directors’ and Auditor’s Reports To consider Netwealth’s Annual Financial Report, Directors’ Report and the Independent Auditor’s Reports for the financial year ended 30 June 2025. No resolution is required for this item of business. Any Quest
Slide 31: Adoption of the Remuneration Report
Item 2 For personal use only Adoption of the Remuneration Report To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That the Remuneration Report for the year ended 30 June 2025, which forms part of the Directors’ Report, be adopted.” 23 FY2025 AGM 12 Novemb
Slide 32: Adoption of the Remuneration Report: Proxy Votes
Item 2 For personal use only Adoption of the Remuneration Report Proxy Votes Received For Open Against Abstain 83,907,559 51,227 22,911,094 3,432,940 78.51% 0.05% 21.44% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will be voted in favour of Item 2. 24
Slide 33: Re-election of Ms Sally Freeman
Item 3 For personal use only Re-election of Independent Non-Executive Director, Ms Sally Freeman To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Ms Sally Freeman be re-elected as a director of Netwealth.” 25 FY2025 AGM 12 November 2025
Slide 34: Re-election of Ms Sally Freeman: Proxy Votes
Item 3 For personal use only Re-election of Independent Non-Executive Director, Ms Sally Freeman Proxy Votes Received For Open Against Abstain 209,406,181 51,227 845,582 2,730 99.57% 0.02% 0. 40% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will be vot
Slide 35: Re-election of Mr Davyd Lewis
Item 4 For personal use only Re-election of Independent Non-Executive Director, Mr Davyd Lewis To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Davyd Lewis be elected as a director of Netwealth.” 27 FY2025 AGM 12 November 2025
Slide 36: Re-election of Mr Davyd Lewis: Proxy Votes
Item 4 For personal use only Re-election of Independent Non-Executive Director, Mr Davyd Lewis Proxy Votes Received For Open Against Abstain 204,293,322 51,227 5,958,041 3,130 97.14% 0.02% 2.83% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will be vote
Slide 37: Election of Mr Michael Wachtel
Item 5 For personal use only Election of Independent Non-Executive Director, Mr Michael Wachtel To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That Mr Michael Wachtel be elected as a director of Netwealth.” 29 FY2025 AGM 12 November 2025
Slide 38: Election of Mr Michael Wachtel: Proxy Votes
Item 5 For personal use only Election of Independent Non-Executive Director, Mr Michael Wachtel Proxy Votes Received For Open Against Abstain 207,875,523 51,227 2,230,565 147,955 98.91% 0.02% 1.06% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will be v
Slide 39: Approval of CEO Long Term Incentive Award
Item 6 For personal use only Approval of the CEO and Managing Director’s Long Term Incentive Award To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.14, approval is given to grant Performance Rights to Mr Matt H
Slide 40: CEO Long Term Incentive Award: Proxy Votes
Item 6 For personal use only Approval of the CEO and Managing Director’s Long Term Incentive Award Proxy Votes Received For Open Against Abstain 106,485,273 51,227 338,877 3,430,343 99.63% 0.05% 0.32% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will b
Slide 41: Increase in Non-Executive Directors' aggregate fee pool
Item 7 For personal use only Increase in the Non-Executive Directors’ aggregate fee pool To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To increase the Non-Executive Directors’ Aggregate Fee Pool from $1,500,000 p.a. to $1,750,000 p.a. under ASX listing
Slide 42: Fee pool increase: Proxy Votes
Item 7 For personal use only Increase in the Non-Executive Directors’ aggregate fee pool Proxy Votes Received For Open Against Abstain 106,355,841 51,227 429,274 3,466,478 99.55% 0.05% 0.40% *Open votes totalling 27,100 (0.03%) in favour of the Chair (whether by election or default) will be voted in
Slide 43: Important notice and disclaimer
Important notice and disclaimer For personal use only General Information only any forecast result will be achieved, or that there is a reasonable basis for any of these statements or forecasts. Forward-looking statements speak only as at the date of this Information provided is general information
Slide 44: Thank you
Thank you For personal use only See wealth differently Discover the possibilities
Netwealth Group — Shareholder Meeting (November 2025) on 6ix