Enduring Prosperity - Financial Services Growth Strategy slide image

Enduring Prosperity - Financial Services Growth Strategy

Recent financial results (1H22) Positive momentum across all divisions delivering strong Group results Operating revenue¹ $384.9m UPAT² $79.1m NPAT $59.3m ROE³ 17.3% Dividend $1.12 37% 54% 384.9 280.6 79.1 51.3 113% 410 bps 33% 17.3 59.3 1.12 0.84 13.2 27.9 1H21 1H22 1H21 1H22 1H21 1H22 1H21 1H22 1H21 1H22 1. Operating revenue is presented net of distributions and expenses of the EMCF structured products. For statutory purposes, revenue, distributions and expenses are adjusted to reflect the gross revenue and expenses of these products. 2. Underlying profit after tax (UPAT) attributable to equity holders of Perpetual Limited reflects an assessment of the result for the ongoing business of the Group as determined by the Board and management. UPAT has been calculated in accordance with ASIC's Regulatory Guide 230 - Disclosing non-IFRS financial information. UPAT attributable to equity holders of Perpetual Limited is disclosed as it is useful for investors to gain a better understanding of Perpetual's financial results from normal operating activities. Prior periods comparative has been restated due to a change in accounting policy on the treatment of Software-as-a-service (SaaS) costs. Refer to Section 5-2 in the Financial Statements. 3. ROE is calculated using UPAT attributable to equity holders of Perpetual Limited for the period, divided by average equity attributable to equity holders of Perpetual Limited over the period in order to arrive at an annualised ROE. The change on 1H21 is shown in basis points. 4. Dividends payable as a proportion of UPAT on ordinary fully paid shares at the end of each reporting period. Perpetual's dividend policy is to pay dividends within a range of 60% to 90% of UPAT on an annualised basis and maximising returns to shareholders. 4
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