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For personal use only August 2014 AGM Chief Executive Presentation This presentation reflects the financial performance and position of OzForex Limited (formerly OzForex Pty Ltd) (A.C.N. 092 375 703), which was the head of the OzForex Group

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AGM Chief Executive Presentation

August 2014

This presentation reflects the financial performance and position of OzForex Limited (formerly OzForex Pty Ltd) (A.C.N. 092 375 703), which was the head of the OzForex Group prior to the interposition of OzForex Group Limited, and the subsequent capital raising, which occurred on 16th October

  • 2013. This presentation is a fair representation of the information that was presented in The Prospectus.

For personal use only

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  • On track to meet our 12 month September 14 prospectus financial forecasts
  • FY14 result continued historical growth trend
  • Q1 FY15 demonstrated growth across all key performance indicators
  • US business is building scale with start-up investment period almost complete
  • Ongoing growth in revenue and profit will come organically, through partnerships and via

strategic acquisitions

Summary

2

For personal use only

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SLIDE 3

Agenda

  • OzForex Background
  • FY14 Performance Highlights
  • FY15 1st Quarter Performance
  • Prospectus Period Performance
  • Looking Forward
  • US Update

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter FY14 (April 2013 to March 2014) 3rd Quarter 4th Quarter Prospectus Period (October 2013 to September 2014) FY15 (April 2014 to March 2015)

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SLIDE 4

OzForex Background

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OzForex Group Overview

5

  • OzForex was founded in 1998 and listed on the ASX on October 11, 2013
  • Provides online international payment services for consumer and business clients

– Provides clients with a way to transfer funds securely to a bank account in another country at competitive rates – Provides a range of services including: direct payments, forward contracts, limit orders, foreign exchange

  • ptions and travel cards

– Generates income by taking a foreign exchange spread on each transaction and transaction fees

  • Provides international payment solutions to partner companies (e.g. Travelex)

– Enables partners to leverage our technology and infrastructure to offer international payments to their client base – Partners receive a share of both the spread and transaction income

  • Headquartered in Sydney with six office locations around the world
  • What we don’t do

– Speculate or take positions on the direction of the FX market – Margin FX – Deal in cash or travellers cheques

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SLIDE 6

Competitive Advantage

6

  • We continue to acquire and retain both consumer and business clients on the strength of our

service offering

– Competitive pricing - a discount to traditional incumbents – Speed of delivery – our operating model ensures funds arrive at the destination account quickly – Fantastic service - premium client service to both consumers and businesses

  • Our service is supported by a combination of assets, relationships and processes that would

be challenging to replicate

– Global footprint of licences (50+) – Network of local bank accounts to process transactions quickly and at a low cost – Scalable proprietary technology platform underpinning key business functions – Strong relationships with regulators – Multiple marketing channels with a strong focus on client service – Effective risk management and compliance management systems and framework

  • Our Executive team has a very strong professional services background and has a collective

experience of 35 years with the OzForex business

For personal use only

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SLIDE 7

FY14 Performance Highlights

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2ND Quarter FY14 (April 2013 to March 2014) 3rd Quarter 4th Quarter Prospectus Period (October 2013 to September 2014) FY15 (April 2014 to March 2015)

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FY14 Performance – Key Financial Metrics

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Net Operating Income

$72.5m

39% up on FY13

Pro Forma NPAT

$20.1m

33% up on FY13

Pro Forma EBTDA

$28.3m

30% up on FY13

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SLIDE 9

54,814

  • 10,000

20,000 30,000 40,000 50,000 60,000 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

New Dealing Clients

New Dealing Client performance was built on the growth in existing geographies, new geographies and the rollout of some key branded partnerships

FY14 Performance – Key Indicators

9 38% up on FY13

*New Dealing Clients are clients that transacted for the first time during that period.

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SLIDE 10

120,473

  • 20,000

40,000 60,000 80,000 100,000 120,000 140,000 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

Active Clients FY14 Performance – Key Indicators

10 31% up on FY13

*Active clients are clients that as at the end of a period have transacted at least once during the previous 12 months

Active client growth for FY14 was again strong on the strength of our customer acquisition capabilities and our focus on client on-boarding and client retention

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SLIDE 11

581,097

  • 100,000

200,000 300,000 400,000 500,000 600,000 700,000 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

Transactions FY14 Performance – Key Indicators

11 26% up on FY13 Transaction growth continued historical growth trend

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13,623

  • 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

Turnover ($m) FY14 Performance – Key Indicators

12 49% up on FY13 Turnover is a function of transaction numbers and Average Transaction Value (ATV) with FY14 Turnover performance bolstered by an 18% increase in ATV on FY13

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SLIDE 13

FY15 1st Quarter Performance

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter FY14 (April 2013 to March 2014) 3rd Quarter 4th Quarter Prospectus Period (October 2013 to September 2014) FY15 (April 2014 to March 2015)

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SLIDE 14

FY15 1st Quarter Performance – Key Financial Metrics

14

Net Operating Income

$19.6m

15% on 1ST Quarter FY14

Pro Forma NPAT

$5.4m

9% on 1ST Quarter FY14

Pro Forma EBTDA

$7.8m

15% up on 1st Quarter FY14

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SLIDE 15

13,764

  • 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 Q1FY05 Q2FY05 Q3FY05 Q4FY05 Q1FY06 Q2FY06 Q3FY06 Q4FY06 Q1FY07 Q2FY07 Q3FY07 Q4FY07 Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15

New Dealing Clients FY15 1st Quarter Performance – New Dealing Clients

15

3% up on 1ST Quarter FY14

New Dealing Client numbers have an underlying growth rate that sees accelerated growth during periods of FX volatility

Periods of FX Volatility

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SLIDE 16

124,752

  • 20,000

40,000 60,000 80,000 100,000 120,000 140,000 Q1FY05 Q2FY05 Q3FY05 Q4FY05 Q1FY06 Q2FY06 Q3FY06 Q4FY06 Q1FY07 Q2FY07 Q3FY07 Q4FY07 Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15

Active Clients FY15 1st Quarter Performance – Active Clients

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32% up on 1ST Quarter FY14

Active client numbers for 1Q FY15 have grown on the back of improved New Dealing Client numbers and a 4 percentage point improvement to forecast in client retention

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SLIDE 17

158,863

  • 20,000

40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 Q1FY05 Q2FY05 Q3FY05 Q4FY05 Q1FY06 Q2FY06 Q3FY06 Q4FY06 Q1FY07 Q2FY07 Q3FY07 Q4FY07 Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15

Transactions FY15 1st Quarter Performance - Transactions

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17% up on 1ST Quarter FY14

Transaction growth for 1Q FY15 is a continuation of historical quarterly growth

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3,508

  • 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000 Q1FY05 Q2FY05 Q3FY05 Q4FY05 Q1FY06 Q2FY06 Q3FY06 Q4FY06 Q1FY07 Q2FY07 Q3FY07 Q4FY07 Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12 Q2FY12 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Q1FY15

Turnover ($m) FY15 1st Quarter Performance - Turnover

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9% up on 1ST Quarter FY14

Q1 FY15 Turnover of $3.5 billion, up 9% on prior corresponding period

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SLIDE 19

Prospectus Period Performance

1st Quarter 2ND Quarter 3RD Quarter 4TH Quarter 1st Quarter 2ND Quarter FY14 (April 2013 to March 2014) 3rd Quarter 4th Quarter Prospectus Period (October 2013 to September 2014) FY15 (April 2014 to March 2015)

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SLIDE 20

EBTDA

$22.7m

2% up on Prospectus Prospectus Period YTD Performance - Key Financial Metrics

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Net Operating Income

$57.1m

4% on Prospectus

Pro Forma NPAT

$15.8m

3% on Prospectus

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Prospectus Period YTD Performance – Variance of Key Performance Indicators

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Financial Metric Number Variance to Prospectus YTD Turnover 10.6b 6% Net Operating Income $57.1m 4% Expenses ($40.5m) (3%) Pro Forma EBTDA $22.7m 2% Pro Forma NPAT $15.8m 3% We are ahead of our YTD prospectus financial numbers and on track to deliver our 12 month September 14 Prospectus financial forecast Operational Metric Number Variance to Prospectus YTD New Dealing Clients 40,659 (20%) Existing Clients 84,093 4% Active Clients 124,752 (5%) Transactions 458,251 (9%) Average Transaction Value $23.2k 17%

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SLIDE 22

Looking Forward

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Strategic Goals

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20% 50% 75%

  • Ongoing growth in mature

markets

  • Build scale in existing immature

markets

  • Enter new targeted markets

Expand Geographically Further Scale Existing Operations Enhance Product Offering

  • Continue to innovate in our “lead-in”

product offering

  • Roll out payment solutions in

established markets (e.g. Travelex to USA and Canada)

  • Assess and respond to customer needs
  • Replace manual activities with scalable
  • r automated processes
  • Continuously improve time to market of

all key processes

  • Focus efforts on the highest value

activities

We have three strategic goals that support our aspiration, to be the leading provider of international payments, and are true to our original ethos of being innovative and disruptive

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Growth Channels

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Organic Revenue Growth Profit Margin Growth Partnership Revenue Growth

  • Expand geographically
  • Broaden product offering
  • Deepen and expand existing

strategic partner relationships (Macquarie, Travelex, ING Direct, MoneyGram, CCYWare, SAASU)

  • Continue discussions with

existing prospects

  • Continue to build out our

Alliance business

  • Selectively assess M&A
  • pportunities against strategic

priorities

  • Further scale existing operations
  • Execute on current change program

By following our strategy we expect to deliver growth across both revenue and profit, acquisitions will be assessed for their contribution across these growth areas

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SLIDE 25

US Update

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US - License Footprint as at 3Q FY14

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Washington Oregon California Nevada Idaho Montana Wyoming Colorado Utah New Mexico Arizona Texas Oklahoma Kansas Nebraska South Dakota North Dakota Minnesota Wisconsin Illinois Iowa Missouri Arkansas Louisiana Alabama Tennessee Michegan Pennsylvania New York Vermont Georgia Florida Mississippi Kentucky South Carolina North Carolina Maryland Ohio Delaware Indiana West Virginia New Jersey Connecticut Massachutes Maine Rhode Islad Virginia New Hampshire Michegan (upper penisula) Alaska Hawaii

Able to do business as USForex Pending approval

At the time of our ASX Listing we were able to service customers in 28 states under our USForex brand

Further analysis required

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SLIDE 27

US - License Footprint at 1Q FY15

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Washington Oregon California Nevada Idaho Montana Wyoming Colorado Utah New Mexico Arizona Texas Oklahoma Kansas Nebraska South Dakota North Dakota Minnesota Wisconsin Illinois Iowa Missouri Arkansas Louisiana Alabama Tennessee Michegan Pennsylvania New York Vermont Georgia Florida Mississippi Kentucky South Carolina North Carolina Maryland Ohio Delaware Indiana West Virginia New Jersey Connecticut Massachutes Maine Rhode Islad Virginia New Hampshire Michegan (upper penisula) Alaska Hawaii

Able to do business as USForex and Travelex Able to do business as USForex Pending approval

As at the end of the 1st Quarter FY15 we can now service customer from all but 5 US states and we can also service customers under the Travelex brand in 12 US states

Further analysis required

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US Relative Performance

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Growth in the US has been strong on the back of ongoing improvements in digital marketing and the introduction of new channels such as direct sales and alliance partnerships

1000 2000 3000 4000 5000 6000 Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9

Active clients from launch

Canada USA

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SLIDE 29

Group Executive Team

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Group Executive Team

30 Neil Helm Chief Executive Officer 7 years Mark Ledsham Chief Financial Officer 6 years Jason Rohloff Head of Compliance 7 years Linda Cox Company Secretary / IR 9 months Simon Griffin Chief Commercial Officer 5 years Jacqueie Davidson Head of Human Resources 9 months Jeff Parker Chief Operating Officer 1 Year David Higgins Chief Technology Officer 11 years

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SLIDE 31
  • On track to meet our 12 month September 14 prospectus financial forecasts
  • FY14 result continued historical growth trend
  • Q1 FY15 demonstrated growth across all key performance indicators
  • US business is building scale with start-up investment period almost complete
  • Ongoing growth in revenue and profit will come organically, through partnerships and via

strategic acquisitions

Summary

31

For personal use only

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SLIDE 32

Thank you

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