Integration of RVG Portfolio and Roll Out of Freedom Product

Retirement Asset Returns on Target Retirement business achieved its targeted FY16 ROA Retirement Earnings Composition¹ FY15A 8% 2% 26% FY16A 2% FY17 Target 1% 30% Daveo 43% FY18 Target 1% 0000 72% 69% ■Development I Care and Support Services 70.0-75.0 90% Established Business Established Business 47.6 57.6 Development 4.3 20.6 Care and Support Services 1.0 1.3 Retirement EBIT ($m) 2 52.9 79.5 1.0-2.0 98.5-112.0 27.5-35.0 56% 80.0 -84.0 60.0-65.0 1.0-2.0 141.0 151.0 Target Range³ Actual/Target Retirement ROA 4.6% 6.0% - 6.5% 6.3% 5.5% -6.3% 7.5% - 8.0% 7.5%-8.0% 1 Targeting a long term retirement earnings mix (based on EBIT) of 70%-80% recurring (Established Business and Care and Support Services) and 20%-30% active (Development). 2 Excludes capitalised interest in cost of goods sold. 3 Initial target range set in FY14. 4

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