Announcement PDF QUICKFEE LIMITED CAPITAL RAISING INVESTOR PRESENTATION May 2024 President, North America, Jennifer Warawa Chief Financial Officer, Simon Yeandle Disclaimer Important notice and disclaimer This presentation (the “Presentation”) is dated 3 May 2024 and has been prepared by QuickFee Limited ACN 624 448 693 (ASX: QFE) (the “Company”) and its subsidiaries from time to time (“Group”) in connection with the Company’s proposed placement of new fully paid ordinary shares to certain persons in Australia who are institutional, sophisticated and professional investors ("Placement"), and an offer of new fully paid ordinary shares to eligible shareholders in Australia and New Zealand under a share purchase plan (“SPP”) (together, the Placement and SPP are the “Capital Raising”). You acknowledge and agree that you will rely on your independent assessment of any information, statements or representations contained in this Presentation and such reliance will be entirely at your own risk. By receiving this Presentation, you are agreeing to the following restrictions and limitations. Summary information This Presentation contains certain summary information about the current activities of the Company as at the date of this Presentation. The information in this Presentation is of a general background nature and does not purport to be complete, include all information that prospective investors would require to evaluate their investment in the Company, nor does it contain all of the information which would be required to be disclosed in a prospectus, product disclosure statement or other offer document under Australian law or under any other law. This Presentation has not been filed, registered or approved by regulatory authorities in any jurisdiction. The Company may, in its absolute discretion, but without being under any obligation to do so, update or supplement this Presentation or the announcement to which it is attached. Any further information will be provided subject to the terms and conditions in this Disclaimer. This Presentation should be read in conjunction with the Company’s periodic and continuous disclosure announcements filed with the Australian Securities Exchange, available at www.asx.com.au. In addition, the information contained in, and the statements made in, this Presentation should be considered in the context of the circumstances prevailing at the time. There is no obligation to update, modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes inaccurate or outdated. The information contained in this Presentation is provided as at the date of this Presentation and is subject to change without notice. Recipients should read the “Risks” section of this Presentation for a non-exhaustive summary of the key risks that may affect the Company, its financial and operating performance and key risks associated with the Capital Raising and an investment in the Company. Not a prospectus or offer of securities This Presentation is for information purposes only and is not a prospectus, disclosure document or other offering or solicitation document under any law (and will not be lodged with the Australian Securities and Investments Commission (“ASIC”)), nor does it form part of, and should not be construed as, any present or future invitation, recommendation or offer to purchase or sell securities of the Company or an inducement to enter into investment activity in any jurisdiction. This Presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act 2001 (Cth) (“Corporations Act”). This Presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. This is intended as an outline only of the proposed Capital Raising and does not purport to list or summarise all of the final terms and conditions of the proposed Capital Raising, nor to identify or define all or any of the risks that would be associated with an investment in the Company. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed upon, the quality, fairness, accuracy, completeness or correctness of the information or opinions contained in this Presentation or as to the reasonableness of any assumptions contained herein or in any other information made available (whether in writing or orally) to the recipient and the Company, their respective affiliates, directors, officers, employees, representatives or advisors, expressly disclaim any and all liability based, in whole or in part, on such information, errors therein or omissions therefrom. www.quickfee.com Not financial product advice or offer Any investor that intends to deal in any existing or prospective securities of the Company is required to make its own independent investigation and appraisal of the business and financial condition of the Group and the nature of the securities at the time of such dealing. No one has been authorised to give any information or to make any representations other than those contained in this Presentation, and if given or made, such information or representations must not be relied upon as having been authorised by the Company, the Joint Lead Managers or their respective affiliates. The information in this Presentation does not constitute financial advice (nor investment, tax, accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in the Company or its securities, or an investor’s financial situation, tax position or particular needs. This Presentation is not and should not be considered an offer or an invitation to acquire new ordinary shares of the Company or any other securities or financial products and does not and will not form any part of any contract for the acquisition of new ordinary shares of the Company in relation to the Capital Raising. Neither the Company nor any of their respective affiliates is advising you in respect hereof. Accordingly, prior to making any decision in respect of the proposed Capital Raising, each person should conduct such investigation and analysis regarding the ordinary shares as he/she deems appropriate and to the extent he/she deems necessary, each person receiving this Presentation should consult his/her professional advisor to ascertain the suitability of the ordinary shares as an investment. For the avoidance of doubt, the Company does not make any representation or warranty that it intends to accept or be bound to any of the terms herein nor shall the Company be obliged to enter into any further discussions or negotiations pursuant thereto but shall be entitled in their absolute discretion to act in any way that they see fit in connection with the proposed Capital Raising. Any discussions, negotiations or other communications that may be entered into, whether in connection with the terms set out herein or otherwise, shall be conducted subject to contract. Future performance and forward-looking statements This Presentation contains forward-looking statements and comments about future events, including statements regarding the Company’s intentions, objectives, plans, expectations, assumptions and beliefs about future events, including the industry and markets in which the Company operates, the Company’s expectations in relation to the financial and operating performance of its business, and the timetable and outcome of the Capital Raising. The words “anticipate”, “believe”, “expect”, “project”, “predict”, “will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”, “could”, “may”, “target”, “plan” and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only. There is a risk that such predictions, forecasts, projections and other forward-looking statements will not be achieved. Subject to any continuing obligations under applicable law, the Company does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this Presentation, to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions, or circumstances on which any such statements are based. Actual results may vary in a materially positive or negative manner from any forward-looking information included in this Presentation. 3 May 2024 1 Disclaimer Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. They are subject to known and unknown risks, including the risk factors described under the “Risks” section of this Presentation, uncertainty, assumptions, and contingencies, many of which are outside the Company’s control, and are based on estimates and assumptions that are subject to change and may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risks” section of this Presentation and other documents filed by the Company time with the ASX and the ASIC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialise or the Company’s assumptions prove incorrect, actual events and results could differ materially from those contained in any forward-looking statements. There may be additional risks that the Company presently does not know or that the Company currently believes is immaterial that could also cause actual events and results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this Presentation. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. While the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. To the maximum extent permitted by law, responsibility for the accuracy or completeness of any forward-looking statements whether due to new information, future events or results or otherwise is disclaimed. This Presentation should not be relied upon as a recommendation or forecast by the Company as of a date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Past performance information (including past share price performance of the Company and pro-forma and combined financial information) given in this Presentation is given for illustrative purposes only and is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements, forecast financial information, future share price performance or any underlying assumptions. Nothing contained in this Presentation, nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of the Company. Disclaimer To the maximum extent permitted by law, the Company, each member of the Company’s group, the Joint Lead Managers, and their respective affiliates, subsidiaries, shareholders, directors, officers, partners, employees, agents, advisors, representatives or any other person: (i) disclaim all liability and responsibility (including, without limitation any liability arising from fault, negligence, negligent misstatement or otherwise) for any direct or indirect expenses, costs, loss or damage arising from this Presentation or through use or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation; (ii) disclaim any obligations or undertaking to update, modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes inaccurate or outdated; (iii) disclaim all liabilities in respect of, and do not make any representation or warranty, express or implied, as to, and no reliance should be placed on, the currency, accuracy, adequacy, reliability or completeness of, any statements, estimate, opinions or other information in this Presentation or that this Presentation contains all material information about the Company or that a prospective investor or purchaser may require in evaluating a possible investment in the Company or acquisition of securities in the Company, or likelihood of fulfillment of any forward-looking statement or any events or results expressed or implied in any forward-looking statement; (iv) disclaim all liabilities in respect of any errors, omissions or misstatements, negligent or otherwise, relating thereto or for possible loss arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it or on opinions communicated in relation thereto or otherwise arising in connection therewith; and (iv) disclaim any fiduciary relationship between them and the recipients of this Presentation or the participants in the Placement. No recommendation is made by the Company as to whether any person should participate in the Capital Raising. Statements in this Presentation are made only as of the date of this Presentation (unless otherwise stated) and the information in this Presentation remains subject to change without notice. BY VIEWING OR ACCESSING A COPY OF THIS PRESENTATION, IN WHOLE OR IN PART, YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATIONS. Financial data This Presentation includes certain figures or measures that are not standard measures under A-IFRS, such as EBTDA. These measures should not be considered in isolation or construed as an alternative to cash flows, net income or any other measure of performance or as an indicator of the summaries Company’s operating performance, liquidity, profitability or cash flows generated by operating, investing or financing activities. Investors should consider, among other things, the components and relevance of such measures. These non-standard measures have been included because it is believed that each is a useful supplement to cash flow data as a measure of the Company’s performance and its ability to generate cash flow from operations to cover debt service and taxes. The non-standard measures presented herein may not be comparable to similarly titled measures presented by other companies, as not all companies use the same definition. www.quickfee.com 3 May 2024 2 TABLE OF CONTENTS I. BUSINESS OVERVIEW II. Q3 FY24 OPERATING HIGHLIGHTS III. OUTLOOK & STRATEGY IV. EQUITY RAISING V. APPENDIX 5 11 15 26 34 Executive Summary Quickfee is undertaking a capital raise supported by new and existing shareholders to fund growth in the US and AU loan books Business Overview + Offers online payments and e-invoicing options designed specifically for professional service firms + Integration with leading practice management solutions with flexible price tiers for firms >$1m in annual revenue + Customers benefits from increased revenue, improved cash flow, improved operational efficiency, and reduced cost base Q3 FY24 Operating Highlights + Strong revenue growth, up 36% on pcp, driven by successful execution of Finance product strategies + 200% increase in new US firms utilising Finance in Q3 FY24 on pcp + Completed transition to ‘direct to bank’ model + Continue tracking towards operating profitability Outlook & Strategy + Focus on reaching profitability with H2 FY24 expected to be stronger than H1 FY24 + Focus on unlocking transformational growth in the US through a scalable technology and ongoing firm adoption of QuickFee Connect + Equity raising of A$4.25 million at A$0.08 per New Share Equity Raising Overview & Use of Funds www.quickfee.com + Two-Tranche Institutional Placement (“Placement”) to raise A$3.75 million; and + Share Purchase Plan (“SPP”) to raise ~A$0.5 million to existing eligible shareholders + Funds will be used to accelerate growth of the loan book: + Expected increased lending from QuickFee Finance products (including legal disbursement funding) in Australia and USA; and + Equity portions of loan book growth 3 May 2024 4 II. BUSINESS OVERVIEW About QuickFee Since 2009, QuickFee has offered payments and financing for professional services firms, helping them increase revenue, get paid faster, improve cash flow, reduce aging receivables and automate their engagement-to-cash workflow Serving Australia (since 2009) and the US (since 2016) www.quickfee.com Why firms work with QuickFee: 1 They want to Reduce A/R – A/R is the #1 item on the balance sheet for most firms and we can help turn A/R into cash. 2 They want to Grow their Business there are many priorities competing for cash, and we can help find more of it for firms and their clients. 3 They want to Automate their Processes - we increase efficiency while improving the client and employee experience. 4 They want to Save on Fees - stop spending money on credit card fees by reducing or eliminating surcharges. 3 May 2024 6 Unique product and payments portfolio Our customers benefit from increased revenue, improved cashflow, reduction in accounts receivable, improved operational efficiency and reduced cost base. PAY NOW | ACH/EFT + CARD PAY OVER TIME | FINANCE QUICKFEE CONNECT | AUTOMATION Traditional digital payment methods. + One payment link to securely accept online credit card, debit card, or ACH/eCheck + No caps on ACH processing or maximums on invoicing + Credit card surcharge paid by the client Invoice and fee financing for clients of professional services firms. + Get paid in full every time and give extra breathing room for good clients who fall behind + Generate client payment plans with 3, 6, 9, or 12month terms + No cost to the Firm + No credit checks or lengthy applications for clients An easy way to automate the entire bill-to-cash workflow. + Save hours of unbillable time and make the switch to e-invoicing + Set automated email reminders to help clients pay on time + Clients get personalised invoice links so they can pay in 1 click + Integrations with leading practice management solutions www.quickfee.com 3 May 2024 7 Winning with a unique customer value proposition Traditional ACH and card processors No integration with practice management solutions, manual workflow for firms Credit card surcharges are not able to be passed on to their clients Other ‘Pay Over Time’ Finance providers Other A/R automation platforms Consumer focused, low invoice maximum (typically $17,500) Only serve top tier, very large firms, and are too highly priced for most of the market Hard credit check required for every customer Designed specifically for professional service firms No invoice maximum for QuickFee Finance No hard credit checks for clients of firms Integration with the leading practice management solutions Pricing that works for all sizes of firms www.quickfee.com 3 May 2024 8 Sizing the US accounting services market opportunity TAM SAM $ 102B > $1M firms $ 84B Firms Servicing B2B Customers (83%) QuickFee Current Firms Portfolio www.quickfee.com $10B | $ 1.2B Current accounting firm revenue (9% share of SAM) | Transaction volume using QuickFee (12% of rev) 3 May 2024 9 Engaging our US target customers Focus segment: The legal opportunity + Professional services with a business-to-business (B2B) focused client base. Primary verticals: + Accounting and Legal, or solution providers to accounting or legal (for example: accounting software or CPA State Society). Secondary verticals: + Recruiting firms, management consulting, marketing agencies, training and development, architectural, engineering. Key requirements: + Professional qualification / licensing. + Firm revenue greater than $1M for primary verticals, $2M for secondary verticals. www.quickfee.com Secondary verticals There are over 50K businesses in the US in the secondary verticals listed. 3 May 2024 10 I. Q3 FY24 HIGHLIGHTS Strong revenue growth continues, up 36% on pcp Strong revenue growth: + Driven by successful execution of core Finance product strategies + US Finance revenue up 54% on pcp: Total Transaction Volume (TTV) up 36% and revenue yield up 120 bps + Australia Finance revenue up 50% on pcp: TTV up 20% and revenue yield up 310 bps + Total Finance revenue now 63% of total group revenue 200% increase in new US firms utilising Finance in Q3 FY24 on pcp + Improved firm onboarding process launched last year are delivering tangible results Completed transition to ‘direct to bank’ model + Provides internal control for ACH processing and full redundancy via multiple banks + Reduced third party processing costs Continue tracking towards operating profitability + March EBTDA at break-even + Q4 FY24 expected to be stronger than Q3 FY24 + H2 FY24 expected to be stronger than H1 FY24 www.quickfee.com 3 May 2024 12 QuickFee Pay Over Time (Finance) AU FINANCE TTV A$M AU FINANCE REVENUE YIELD % AU FINANCE REVENUE A$M Revenue growth driven by both volume and yield 0.4 + In both markets, revenue growth has come 0.3 from both TTV growth and yield improvements 10.9 13.1 12.3% + Yield improvements are driven primarily by YIELD 15.4% TTV 1.3 Q3 FY23 increases in interest rates charged to clients of firms Q3 FY23 + Interest rate increases were made in October 2022 and July 2023 Q3 FY24 US FINANCE TTV US$M Q3 FY23 Q3 FY24 US FINANCE REVENUE YIELD % REVENUE US FINANCE REVENUE US$M 0.10 + Interest revenue on loans is recognised over 0.10 the life of the loans, so the effect of recent rate increases will be seen well into FY24 6.8 5.0 Q3 FY23 www.quickfee.com Q3 FY24 9.2% Q3 FY23 YIELD 10.4% 0.50 Q3 FY24 TTV Q3 FY23 REVENUE 3 May 2024 13 Strong revenue growth expected to continue 'LAST 12 MONTHS' ROLLING GROUP REVENUE (A$M) GROUP REVENUE BY QUARTER (A$M) 5.1 4.3 3.7 3.6 Q2 FY23 Q3 FY23 3.2 Q1 FY23 Q4 FY23 4.9 4.2 Q1 FY24 11.9 Q2 FY24 Q3 FY24 Q1 FY23 13.0 Q2 FY23 14.0 14.8 Q3 FY23 Q4 FY23 15.8 Q1 FY24 18.5 17.2 Q2 FY24 Q3 FY24 Seasonality + Revenue stronger in Q2 and Q4, due to Pay Now seasonal volumes; Q4 traditionally stronger than Q2 + Q1: US northern hemisphere summer, AU start of financial year + Q2: US lead-up to 1 January tax season start, AU lead up to summer break + Q3: US tax season runs 1 January – 15 April, AU summer break + Q4: US out of tax season and billing backlog, AU lead up to EOFY www.quickfee.com 3 May 2024 14 III. OUTLOOK & STRATEGY Unlocking transformational growth in the US QuickFee Finance Drive Cost Effective Growth Through Automation Revenue yields on the Finance product are approximately 25x those of Pay Now. Leverage automation across all functional areas to ensure we are driving growth in the most efficient, cost-effective, scalable way possible. 01 05 02 04 Strategic Alliances + Partnerships Leverage strategic partnerships to bring new customers to QuickFee at scale. www.quickfee.com Connect Adoption Early results show that firms that adopt Connect can see double transaction volume over pcp. 03 Differentiated Technology Shift Product Development from a cost center to a difference maker, delivering world-class solutions that provide a significant competitive advantage. 3 May 2024 16 US Finance revenue up 54% in Q3 FY24 on pcp US FINANCE 'LAST 12 MONTHS ROLLING' TTV (US$M) QuickFee Finance is a key differentiator in competitive payments market Revenue yields on the Finance product are approximately 25x those of Pay Now 26.2 24.4 17.8 18.7 19.3 Q2FY23 Q3FY23 20.9 22.0 200% increase in new US firms utilising Finance in Q3 FY24 on pcp + Improved onboarding processes for new firms + Focus on onboarding larger firms with higher revenue + Strategies to capture more of our customer’s payment flow Q1FY23 Strategic partnership with IRIS is progressing well Q4FY23 646 gold sponsor in May + Provides QuickFee customers with best-in-class engagement Q2 FY24 US FINANCE REVENUE (US$000) + QuickFee to attend, and present at, IRIS User Conference as a New integration partnership with Knuula Q1 FY24 347 409 459 515 Q3 FY24 709 561 letter functionality Completed transition to 'direct to bank’ ACH model Q1 FY23 www.quickfee.com Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 3 May 2024 Q3 FY24 17 Q3 FY24 Operational metrics in the US + US Active Customers up 14% to 97,000 and US Active Firms up 3% to 689 on pcp + The strategic decision to focus on the core, higher-margin Finance product, in conjunction with a refreshed sales strategy with incentive alignment on commissions, has driven stronger Finance TTV, up 36% on pcp to $6.8 million + Continued negligible credit losses US FINANCE TTV (US$M) US PAY NOW TTV (US$M) +36% US ACTIVE FIRMS US ACTIVE CUSTOMERS (000s) +3% +14% +17% 6.8 307 667 Q3 FY24 Q3 FY23 689 85 263 97 5.0 Q3 FY23 www.quickfee.com Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 3 May 2024 18 Australia: Continued strong organic growth AU FINANCE 'LAST 12 MONTHS' ROLLING TTV (A$M) QuickFee well established as a market leader, with ~40% of the AU market for fee funding + AU Finance revenue up 50% on pcp 39.1 41.5 44.5 46.4 48.5 51.2 53.4 + Strong organic growth through existing firms + In a mature market, favourable economic conditions continue to drive demand + Low credit losses Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1 FY24 Q2 FY24 AU FINANCE REVENUE (A$000) 1,914 1,096 Q1 FY23 www.quickfee.com 1,232 Q2 FY23 1,343 Q3 FY23 1,555 Q4 FY23 Q3 FY24 2,014 1,693 Q1 FY24 Q2 FY24 3 May 2024 Q3 FY24 19 Q3 FY24 Operational metrics in Australia + AU Finance TTV up 20% on pcp to $13.1 million + AU Active Customers up 25% on pcp to 15,000, AU Active Firms stable on pcp at 411 + Legal disbursement funding TTV (included within Finance TTV) continues to be a growing component of the AU business AU FINANCE TTV (A$M) AU PAY NOW TTV (A$M) AU ACTIVE FIRMS AU ACTIVE CUSTOMERS (000s) +20% +14% -% +25% 13.1 10.9 Q3 FY23 www.quickfee.com Q3 FY24 16 14 Q3 FY23 409 15 411 12 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 3 May 2024 20 On the path to profitability Path to profitability 9.3 + Track record of revenue growth 7.9 6.9 6.1 + Track record of gross profit growth 4.5 4.7 4.3 3.2 3.1 4.5 4.2 3.4 5.7 4.9 + Cost base stable -2.6 + Year-on-year EBTDA growth -5.2 expected to continue for H2 FY24 -2.7 H2 FY23 H1 FY24 -5.5 -7.1 H1 FY21 H2 FY21 H1 FY22 Revenue A$M www.quickfee.com -2.7 -3.7 H2 FY22 H1 FY23 Gross profit A$M EBTDA A$M 3 May 2024 21 Stabilised cost base Operating expenses (A$M) Underlying operating expenses reduced in H1 FY24 vs H1 FY23. 10.5 9.7 0.5* 8.4 8.3 7.7 7.9 H2 FY23 H1 FY24 5.8 G&A expenses increased in H1 FY24 by $0.2 million vs H2 FY23 due to sharebased payments expenses in H1 FY24 (H2 FY23: nil). H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 Operating expenses by Half Year (A$M) Selling & marketing General & administrative * Non-recurring product development expenses relate to one-off consulting project and transition costs to a lower FTE/higher contractor model in H1 FY24. www.quickfee.com Product development * Customer acquisition 0.5* 3.9 3.2 3.4 H1 FY23 H2 FY23 H1 FY24 1.2 1.2 1.2 H1 FY23 H2 FY23 H1 FY24 1.4 1.2 1.4 H1 FY23 H2 FY23 H1 FY24 1.8 2.1 1.9 H1 FY23 H2 FY23 H1 FY24 3 May 2024 22 Fixed cost leverage effect Variable costs: + Mainly comprise AU card processing and US ACH processing costs and interest + Are approximately 30% - 35% of revenue + Are 30% - 40% of total costs (which include cost of sales and interest) Indicative impact of fixed cost leverage on hypothetical future half-yearly year-on-year revenue growth of 30-40% Fixed cost leverage effect (A$M) 16 14 12 Fixed costs are expected to grow at a slower rate than variable costs 1.3 10 0.9 8 6 4 2 1.7 1.8 2.5 8.8 8.1 3.2 1.0 8.6 10.5 9.9 6.1 8.8 H1 FY21 H2 FY21 H1 FY22 H2 FY22 H1 FY23 H2 FY23 H1 FY24 Fixed costs www.quickfee.com Variable costs Revenue 3 May 2024 23 Cash and loan book growth funding Cash and liquidity + A$3.2 million cash on hand, with borrowing capacity of a further A$23.2 million from existing facilities available to fund future loan book growth, as at 31 March 2024 + QuickFee has adequate headroom to achieve sustainable profitability within its existing cash and borrowings facilities QuickFee loan book growth funding + QuickFee funds 10-15% of loan book growth from cash reserves + Rate of loan book growth determines the capital required to fund loan book growth in both markets www.quickfee.com 3 May 2024 24 Outlook Focus on reaching