FY22 Investor Presentation

Strengthened balance sheet underpinned by net cash Net Cash $5m Net (Debt)/Cash² Position Net Debt $0m ($5m) ($10m) ($15m) STATUTORY $3.2m KEY INDICATOR 30 June 2022 30 June 2021 Change Cash at Bank $8.2m $5.1m +61.2% Statutory Net Assets $16.4m $14.1m +16.0% Value of Assets not $12.7m $11.2m +13.4% on balance sheet Estimate Net Assets¹ $29.1m $25.3m +15.0% Dec-19 Jun-20 Dec-20 Borrowings of $5.0m is below $8.2m Cash at Bank resulting in a Net Cash2 position of $3.2m, a significant turnaround from prior year positions and represents the strength of the balance sheet repair. 1 This is a non A-IFRS measure 2. Excludes Convertible note held as Financial Liabilities Jun-21 Dec-21 Jun-22 The value attached to internally generated Property Management and Mortgage book is not recorded in the balance sheet. Management valuation of the Property Management portfolio is calculated on a blended valuation multiple of 3.65x on Q4 FY22 Annualised Property Management fees and 2.25x Net Trail Income relating to the Mortgage Book (combined value of $22.8m). Only $10.1m of this value is held on the Balance Sheet as an intangible asset, leaving $12.7m value off balance sheet. Adjusted for this off balance sheet assets, Estimated Net Assets has increased 15.0% to $29.1m FY22 Investor Presentation 13

View entire presentation