FY24 Results Presentation

• Resolution of legacy issues during the period
• Marked improvement across key business drivers
• Strong revenue and earnings growth in E&P Wealth

E&P Financial Group made significant progress during the period, resolving legacy issues and strengthening its core business platform. The Wealth division delivered strong revenue and earnings growth, driven by an increase in the proportion of FUA-based revenue and solid FUA growth to $29.4 billion. The Capital division saw improved performance in the second half despite challenging market conditions, benefiting from prior investments in research and sales capabilities. The Funds division continued to focus on the Claremont Global strategy, which saw strong external investor growth, while exiting the Real Assets funds business. The company also made progress on key ESG initiatives, including developing an Innovate Reconciliation Action Plan, achieving carbon neutral operations, and expanding its sustainable investment offerings. Overall, the group is well-positioned to capitalize on its collective expertise and drive further growth.

The company expects to deliver continued growth in its Wealth division, driven by FUA expansion and increased proportion of FUA-based revenue. The Capital division is expected to benefit from improved market conditions and the ongoing momentum in its Institutional business. The Funds division will focus on the Claremont Global strategy and further rationalisation of legacy funds.

E&P Financial Group is well-positioned to capitalise on its collective expertise and drive further growth across its business divisions. The company will continue to focus on accelerating revenue growth, delivering sustainable returns to shareholders, and enhancing its product and service offerings to meet the evolving needs of its clients.