Investor Presentaiton

EML Payments H1 FY2022 Financial Results FY2022 - Financial Guidance Assumptions: 01 Uncertainty regarding G&I segment volumes is largely resolved and we continue to assume that G&I will perform in line with seasonally adjusted trends, with no material new impact from Covid-19. 04 We have seen strong volumes in global GPR programs and a better program mix improving revenue yields. We expect to be able to launch new European programs under our CBI licence and do not expect a material impact from the growth directions which have been imposed. 07 Overheads are tracking in line with expectations announced at our AGM in November with higher overheads driven by new roles in Europe to address CBI matters, higher insurance costs and higher internal and external audit fees. 02 We are implementing opportunities to reduce dormant state balances including through reactivation programs to drive interchange revenue or dormancy fees. Subject to finalisation of this initiative, we expect a new recurring revenue stream and a non-recurring "catch-up". 03 We expect continued growth in the Digital Payments segment, particularly open banking. The pace of this growth is expected to accelerate in FY23 as our sales initiatives deliver results. 05 FX rates (GBP & USD) have been net positive through to 31 December and we assume December fx rates do not materially change through to 30 June 2022. 06 Central Bank interest rates forecasted based on announcements as at February 2022 and are expected to remain stable through FY22. Subject to regulatory approval, more active treasury management on the Euro float and improved yields is expected to largely offset lower net interest in H2 FY2022 (H1 FY2022: $2.7m reduction on PCP). 08 Provisions booked for remediation and any potential enforcement action of the CBI matter are sufficient to cover actual costs incurred. 09 Provisions booked in relation to legal defence costs for the Group Proceedings are sufficient to cover the actual costs incurred. The contingent asset for the insurance claim is not expected to be virtually certain until FY2023. 35

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