Barrenjoey (BJY) investor relations material

Opening remarks and agenda

• AGM opened with a quorum; agenda covered FY2026 reports, remuneration, seven director elections or re-election, and a proposed name change.

• Shareholders could submit questions in advance or ask from the floor; resolutions were decided by poll.

• Chair David Gonski and CEO Brian Benari were listed as presenters, with chair and CEO addresses on the agenda.

Financial performance review

• FY2026 unaudited pro forma combined revenue was AUD 778m, operating profit after tax AUD 215m, AUM AUD 41bn and headcount 593; pro forma group operating EPS was 73.4c.

• FY2026 revenue for the funds-management business was reported as AUD 291m, down 12%; operating profit after tax was AUD 145m, down 9%, and NPAT AUD 135m. Results included AUD 38m of after-tax fair-value losses and AUD 16m of merger and integration expenses.

• Standalone funds-management revenue was AUD 246m, down 11%, mainly due to lower investment management fees; Barrenjoey revenue was AUD 573m, up 34%, and operating profit after tax rose 68% to AUD 112m.

• Barrenjoey ROE reached 32.9%, cost-to-income ratio was 70.8%, and operating profit after tax CAGR was 72% from FY24 to FY26; FY2026 pro forma revenue was broadly evenly split across three businesses.

• Q1 FY2027 investment management AUM fell 8% to AUD 38bn amid higher bond yields, listed-infrastructure valuation effects and outflows; financial markets revenue was materially below the prior-year H1 run rate.

Board and executive committee updates

• Proposed directors included David Gonski as independent non-executive group chair, Andrew Formica as deputy chair, Deborah Page, Paul Compton, Peeyush Gupta, Fiona Hick, Cathy Kovacs, Philip Lowe and Kelly O’Dwyer, subject to shareholder approval.

• Five former Barrenjoey directors—Paul Compton, Fiona Hick, Philip Lowe, Kelly O’Dwyer and David Gonski—stood for election; Peeyush Gupta stood for election and Deborah Page for re-election.

• John Eales retired at the AGM; David Dixon had left the board in July 2026. Andrew Formica and Cathy Kovacs were not standing for election.

• The board unanimously supported each election or re-election, said its size would reduce from 10 to nine, and viewed broad skills as important during integration.