RESIMAC GROUP LTD

1H23 Results Presentation

Scott McWilliam, CEO

Jason Azzopardi, CFO

1H23 key metrics (vs 1H22)

Statutory1

NPAT

$38.9m

27%

Normalised2

NPAT

$37.5m

30%

Normalised NPAT

(excl. FV gains / losses on derivatives)

$40.7m

17%

Cost to Income Ratio3

(Normalised)

42.2%

700bps

Home loan

AUM

$14.7b

1%

Home loan settlements

$2.4b

32%

Asset Finance settlements

$210m

18%

1H23 dividend fully franked

4.0c

Flat

1 Excludes non-controlling interest of $16k.

2 Excludes one-offnon-recurring item per reconciliation on slide 16. 3 Excludes FV gains/losses on derivatives.

| 2

Economic environment

Housing credit ($b)

22.2 -30%

+18%

19.1

15.6

-28%

16.2

11.0

7.9

Owner Occupied1

Investor Loans1

External Refinances2

● Dec 21 ● Dec 22

Big four fixed portfolio expiry ramp up in CY23 ($b)3

c$150b

c$130b

c$80b

c$70b

1H23

2H23

1H24

2H24

  1. ABS Lending Indicators December 2022, value of new borrower accepted loan commitments.
  2. ABS Lending Indicators December 2022, External Refinancing values.

Cash rate %

4.10

3.10

1.85

0.25

0.85

0.10

0.10

0.10

Jun-20

Dec-20

Jun-21

Dec-21

Jun-22

Aug-22

Dec-22

Jun-23 (FC4)

Core inflation (annual % change)

12

10

8

6

4

2

0

-14

-14

-15

-15

-16

-16

17

17

-18

-18

-19

-19

-20

-20

-21

-21

-22

-22

-22

-22

-

-

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Jun

Dec

Mar

Jun

Jun

Dec

● AU

● NZ

● US

● UK

● China

  1. CBA Reporting Dates Dec and Jun; WBC, NAB and ANZ at March and September.
  2. ANZ and NAB forecast cash rate.

| 3

Portfolio resilience

Repayment buffers1, 2

Credit loss exposure based on arrears3

% of loans ahead on repayments (incl. redraw and offset)

Loan value with Dynamic LVR >90% and No LMI

37%

10

$6.4m

$2.1m

$1.8m

9

8

21%

21%

Loans

7

1

6

5

# of

10%

4

6

9%

3

2

4

2

2%

1

1

0

31 to 60

61 to 90

90+

Overdue

On time

0-3 months

3-12 months

1-3 years

>3 years

● Prime ● Specialist

ahead

ahead

ahead

ahead

Original and dynamic LVRs by cohort

Dynamic LVR of originations2 by settlement calendar year

75%

74%

73%

73%

73%

73%

72%

72%

52%

72%

72%

73%

72%

72%

72%

68%

72%

72%

71%

37%

66%

68%

67%

70%

31%

64%

66%

65%

66%

23%

64%

62%

61%

60%

60%

18%

16%

7% 11%

54%

2%

3%

Dec-16

Dec-17

Dec-18

Dec-19

Dec-20

Dec-21

Jun-22

Dec-22

0-60%

60-70%

70-80%

80-90%

90%+

● Original LVR Prime ● Dynamic LVR Prime

● Original LVR Specialist

● Dynamic LVR Specialist

● 2021

● 2022

1 Overdue includes loans 31+ days in arrears.

2 Excludes NZ.

3 Dynamic LVR = LVR based on current loan balance and 30 June 2022 CoreLogic individual property valuations.

| 4

Home loan arrears

90+ days arrears by product

1.91%

● Prime

● Specialist

1.05%

1.21%

0.80%

0.85%

0.71%

0.76%

0.69%

0.66%

0.60%

0.80%

0.57%

0.39%

0.45%

0.12%

0.11%

0.17%

0.11%

0.08%

0.04%

0.04%

0.10%

0.25%

0.14%

Dec-12Dec-13

Dec-14

Dec-15

Dec-16

Dec-17

Dec-18

Dec-19

Dec-20

Dec-21

Jun-22Dec-22

90+ days arrears by loan type

1.18%

● Investment ● Owner occupied

0.91%

0.62%

0.63%

0.37%

0.37%

0.46%

0.33%

0.32%

0.26%

0.20%

0.35%

0.27%

0.30%

0.04%

0.38%

0.30%

0.30%

0.25%

0.18%

0.24%

0.19%

0.19%

0.22%

Dec-12Dec-13

Dec-14

Dec-15

Dec-16

Dec-17

Dec-18

Dec-19

Dec-20

Dec-21

Jun-22Dec-22

All charts exclude NZ and Legacy loan products.

90+ days arrears by repayment type

0.97%

● Principal & interest

● Interest only

0.65%

0.74%

0.65%

0.42%

0.46%

0.39%

0.34%

0.33%

0.31%

0.21%

0.35%

0.27%

0.40%

0.32%

0.30%

0.29%

0.21%

0.23%

0.14%

0.18%

0.25%

0.18%

0.17%

Dec-12Dec-13

Dec-14Dec-15Dec-16

Dec-17

Dec-18

Dec-19

Dec-20Dec-21

Jun-22Dec-22

90+ days arrears by state

1.35%

1.36%

● NSW

● QLD

● SA

● VIC

● WA

1.11%

1.08%

1.04%

0.87%

0.68%

0.79%

0.82%

0.86%

0.82%

0.53%

0.63%

0.81%

0.60%

0.61%

0.57%

0.60%

0.40%

0.49%

0.39%

0.46%

0.50%

0.38%

0.43%

0.45%

0.48%

0.20%

0.49%

0.21%

0.31%

0.21%

0.27%

0.32%

0.25%

0.45%

0.42%

0.19% 0.33%

0.14%

0.26%

0.35%

0.23%

0.16%

0.25%

0.02%

0.07%

0.09%

0.13%

0.16%

0.20%

0.16%

0.14%

0.16%

0.14%

0.18%

0.11%

0.11%

0.13%

0.16%

Dec-12

Dec-13

Dec-14

Dec-15

Dec-16

Dec-17

Dec-18

Dec-19

Dec-20

Dec-21

Jun-22

Dec-22

| 5

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UIL Limited published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2023 11:54:10 UTC.