AUL HY2023 Investor Presentation

Wealth & Capital Markets (W&CM) Australian Unity Real Wellbeing Adjusted EBITDA ($m)1 ■HY22 HY23 30.1 3.4 Wealth & Capital Markets Segment Revenue ($m) HY22 HY23 . • Total segment revenue decreased by 5.1% compared to PCP reflecting the timing of project-based property services income and continued impacts from the global pandemic and investment market downturn. In the first half of the 2022 financial year, the segment recorded a $20.3m gain in other income, arising from the revaluation of the platform's investment in the Platypus Asset Management business on acquisition of a controlling interest Adjusted EBITDA decreased by 88.7% compared to the PCP. After adjusting for one-off revenue through the controlling interest in the Platypus Asset Management business and one-off costs during the current and prior periods, the decrease was 33.0% A strategic review of the business was undertaken to better align with the Group's strategic objectives. The review resulted in the development of a new target operating model, being implemented during the FY2023 Aggregate value of assets under management and administration (AUMA), excluding cross-investments (investments by Australian Unity funds in other funds managed or operated by Australian Unity or our associates) was $29.79b (30 June 2022: $28.50b) 104.9 99.5 Wealth & Capital Markets 1 Adjusted EBITDA of Wealth & Capital Markets for HY22 included a revaluation gain of $20.3m arising from a business combination revaluation as set out in the FY22 Australian Unity Limited Interim Report at Note 16(b). AUL HY2023 Investor presentation Figures at 31 December 2022, unless otherwise noted 26

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