COG Financial Services (COG) Investor Presentation summary

Strategic initiatives and acquisitions

• Acquiring an additional 14.08% stake in Fleet Network for $23.9 million, increasing ownership to 92.4%.

• Acquisition of EasiFleet expected to contribute $5.7 million EBITDA in FY25 on a pro forma basis.

• Both acquisitions are projected to increase FY25 EBITDA by 25% and deliver immediate EPSA accretion of 5.1%.

• Management of Fleet Network retains a 7.6% stake, aligning interests for future growth.

• Ongoing focus on identifying further strategic acquisitions to support growth.

Financial performance and outlook

• FY25 revenue reached $363.5 million with NPATA of $24.0 million.

• Novated Leasing segment showed strong growth, with expectations for continued organic expansion.

• FY25 pro forma EBITDA projected to rise by 25% due to acquisitions.

• FY26 outlook benefits from anticipated interest rate declines and a focus on salary packaging, targeting 10% annual growth in executed sales.

• Performance analysis will shift focus to EBITDA, with continued fully franked dividends at a similar payout ratio.

Equity raising and capital structure

• Institutional Placement of $20 million at $2.00 per share, representing a 4.8% discount to last traded price.

• Placement represents 4.7% of issued capital and is non-underwritten.

• Proceeds will fund the Fleet Network stake acquisition and cover offer costs.

• Post-transaction, pro forma net debt to FY25 EBITDA is less than 1.0x, with available liquidity of $5 million.

• Key shareholders include Thorney, Sandon Capital, NAOS, and Wilson Asset Management.