Cash Converters International (CCV) Investor Presentation summary

Strategic rationale and growth outlook

• Targeting 20+ franchise store acquisitions per year in Australia and the UK, with a focus on expanding corporate-owned stores and exploring European markets.

• Historical acquisitions have delivered strong returns, with acquired store NPAT up ~30x since FY21 and IRR above 15%.

• Integration of retail and lending operations aims to drive higher margins and operational consistency.

• Store margins are improving through cost discipline, efficient formats, and a luxury product focus.

• Lending growth is driven by a simplified, lower-cost product suite and responsible credit solutions.

Equity raising and use of proceeds

• Launching a ~$25m equity raising via a $5m institutional placement and a $20m pro-rata entitlement offer at $0.305 per share.

• Offer price represents an 11.54% discount to TERP and a 12.86% discount to the last close.

• Proceeds will fund the $37m acquisition of 29 franchise stores (CCIG) and cover related costs.

• EZCORP, holding 43.65% of shares, will fully participate and sub-underwrite up to $2.18m of the retail offer.

• If the acquisition does not complete, funds may be redirected to future store acquisitions.

Financial and operational highlights

• FY25 revenue reached $385.3m, operating EBITDA $74.5m, and operating NPAT $25.1m.

• Gross loan book at $244.6m, with a net loss rate of 16.0% and EPS of 3.9cps.

• Cash and equivalents totaled $73.2m, with an undrawn securitisation facility of $81m.

• Pro forma FY25 financials post-acquisition show revenue of $425.3m, EBITDA of $80.2m, and NPAT of $28.4m.

• Store network includes 657 stores across 15 countries, with a pipeline for further expansion.