Investor Presentaiton

FY21 STATUTORY TERMINAL CONNECTIVITY ($'000) ISSUE ($'000) BENDIGO BANK PARTNER REVENUE SHARE ($'000) Transaction value 25,453,507 Payments revenue and income 229,221 983¹ Banking income 3,222 Other revenue and income 6,079 Total revenue 238,522 983 Payments direct expenses (118,694) (698) Interest expenses on deposits (379) Total direct expenses (119,073) (698) Attachment 1 - Reconciliation of Statutory P&L to Normalised P&L ADJUSTMENTS IPO RELATED SHARE BASED PAYMENTS EXPENSE ($'000) FY21 NORMALISED ($'000) 25,453,507 230,204 3,222 6,079 239,505 (119,392) (379) (119,771) Summary of adjustments 1. MSF discount and terminal rental waiver provided to merchants impacted by the terminal connectivity issue 2. Additional employee costs and logistics costs incurred dealing with terminal incident in January 2021 3. Remediation 4. Legal and consulting costs incurred for the Bendigo Bank Alliance and the Medipass acquisition 5. IPO expense run-off SIGNIFICANT ONE-OFF COSTS ($'000) Gross profit 119,449 983 (698) 119,734 Operating expenses: Employee benefits expense (excl. share-based payments) (76,174) 2172 5924 (75,365) Administrative expenses (22,903) 2,7372 4,0894 (16,077) Contractor and consulting expenses (7,192) (7,192) Marketing expenses (5,419) (5,419) Lending and non-lending losses (10,863) 9,3483 (1,515) Total operating expenses (122,551) 12,302 4,681 (105,568) EBITDA (3,102) 13,285 (698) 4,681 14,166 Share-based payments (9,342) 563 (8,779) IPO costs (331) 331 Share of loss from associates (1,119) (1,119) Depreciation and Amortisation (15,364) (15,364) Bendigo Bank partner share 698 698 EBIT (29,258) 13,285 5,012 563 (10,398) Net interest expense (517) (517) 29 Net loss before tax (29,775) 13,285 5,012 563 (10,915) 29

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