MoneyMe : Appendix 4D and 1H22 Interim Report

1 I Interim Report 2022 I

For personal use only

Appendix 4D

1. Entity and Reporting Period

Name of entity:	MoneyMe Limited
ABN:	29 636 747 414
Reporting period:	Six months ended 31 December 2021
Previous corresponding reporting period:	Six months ended 31 December 2020
2. Results for Announcement to the Market
Six Months Ended December		2021	2020	Variances
Revenue from ordinary activities ($'000)		47,979	23,924	Up	101%
Profit / (loss) from ordinary activities after tax attributable to members ($'000)	(18,675)	1,290	Down	1,548%
Net tangible asset backing per ordinary share	0.11	0.27	Down	61%

No dividends have been declared for the half-year ended 31 December 2021 or for the previous corresponding period.

Additional information supporting Appendix D disclosure requirements can be found in the Directors' Report and the consolidated financial statements for the half-year ended 31 December 2021.

3. Control Gained Over Entities Having Material Effect

Name of entity	MME Autopay 2021 Trust
Date of gain of control	23 November 2021
Is the contribution of the entity to the Group's profit from ordinary activities	No
during the period considered material?
Name of entity	MoneyMe TM Pty Limited
Date of gain of control	6 December 2021
Is the contribution of the entity to the Group's profit from ordinary activities	No
during the period considered material?

This report is based on the consolidated financial statements for the half-year ended 31 December 2021 which have been reviewed by Deloitte.

This information should be read in conjunction with the most recent annual financial report being the financial report for the year ended 30 June 2021 that was released to ASX on 30 August 2021.

useonly

2022 Interim Report

personalfor the six months ended 31 December 2021

MoneyMe Limited and its controlled entities

ACN: 636 747 414

ASX: MME

For

For personal use only

Table of Contents
1. Business Review
About MoneyMe .........................................................................................................................................................................	4
Chairman's Letter .......................................................................................................................................................................	5
CEO's Letter ..................................................................................................................................................................................	6
2. Directors' Report ......................................................................................................................................................................	8
3. Financial Report
Directors' Declaration ..........................................................................................................................................................	10
Independent Auditor's Report .........................................................................................................................................	11
Independent Auditor's Statement of Independence ...........................................................................................	13
Condensed Consolidated Statement of Profit / (Loss) and Other Comprehensive Income ...........	14
Condensed Consolidated Statement of Financial Position ..............................................................................	15
Condensed Consolidated Statement of Changes in Equity ..............................................................................	16
Condensed Consolidated Statement of Cash Flows ............................................................................................	17
Notes to the Condensed Consolidated Financial Statements ........................................................................	18
1	Group Information ..........................................................................................................................................................	18
2	New and Amended Accounting Standards ........................................................................................................	19
3	Basis of Preparation .......................................................................................................................................................	19
4	Critical Accounting Estimates and Judgements .............................................................................................	19
5	Coronavirus 2019 (COVID-19) ...............................................................................................................................	21
6	Taxation ................................................................................................................................................................................	22
7	Earnings Per Share ..........................................................................................................................................................	24
8	Cash and Cash Equivalents ........................................................................................................................................	24
9	Net Customer Receivables .........................................................................................................................................	25
10	Intangible Assets .............................................................................................................................................................	28
11	Leases ....................................................................................................................................................................................	29
12	Other Receivables and Payables .............................................................................................................................	29
13	Borrowings .........................................................................................................................................................................	30
14	Share Capital ......................................................................................................................................................................	31
15	Reserves ...............................................................................................................................................................................	32
16	Related Party Transactions ........................................................................................................................................	33
17	Parent Entity Information ..........................................................................................................................................	33
18	Subsequent Events .........................................................................................................................................................	33
4. Corporate Directory ............................................................................................................................................................	34

4 I Interim Report 2022 I

For personal use only

About MoneyMe

MoneyMe is a leader in innovation with its own technology (Horizon Technology Platform) and uses AI to deliver highly automated innovative credit products and customer experiences.

MoneyMe originates through a diversified mix of credit products and distribution channels to create significant scale and long-term customer advantages. Our automotive finance, personal loans, revolving line of credit and at point-of-sale instalment products are for credit approved customers who are seeking simplicity, fair pricing and flexibility.

MoneyMe's technology platform enables applications to be completed and checked within minutes, security to be established, funds to be disbursed, or credit limits to be available to the customer shortly after approval.

MoneyMe is an ASX-listed, licensed, and regulated credit provider operating in Australia.

5 I Interim Report 2022 I

Chairman's Letter

On behalf of the Board of Directors, it is a pleasure to present the MoneyMe 2022 Interim Report for the six-month period ended 31 December 2021.

For personal use only

1H22 was another successful period for the company. Revenue increased by 101% on the prior comparable period to $48 million, gross customer receivables increased by 77% on the prior comparable period to $590 million and the business delivered significant year-on-year operating efficiencies across its funding, impairment, and core operating expense areas. The Group posted a negative Net Profit After Tax (NPAT) of $19 million for 1H22 compared to a $1 million positive NPAT for 1H21, reflecting among other factors an accounting result timing difference between revenue recognition over time and the upfront provisioning on record originations. These timing differences

are set to unwind in due course to reflect positive NPAT as revenue from gross loan assets is recognised over time.

The Group continued to further deliver on its growth strategy in 1H22 to increase its addressable market opportunities and diversify the profile of its customer receivables by rapidly expanding its secured lending presence with Autopay. The Group also continued to evolve its funding platform with the establishment of a new corporate syndicated facility with an inaugural $50 million drawdown and establishment of a new Autopay tailored warehouse to support the high growth in this product. The Group's ongoing strong performance and ability to continue to successfully manage throughout the COVID-19 impacted environment is testament to the resilience of our operating model, the quality and capability of our management team and employees, the Group's competitiveness within the market, and our ability as a disrupter to gain market share despite the challenging conditions.

I am pleased to highlight MoneyMe's ongoing commitment to having a positive impact on our community and environment. In 1H22, MoneyMe began measuring

its scope 1, 2 and 3 greenhouse gas emissions, implemented an inaugural major charity partnership with Canteen, and updated employee Long-Term Incentive performance conditions to formally

and explicitly include ESG performance outcomes. The Group acknowledges that climate change poses a significant risk to our environment, economy, and community, and is committed to doing its part to assist Australia in meeting the targets of The Paris Agreement to keep global warming to below 2°C.

On 17 December 2021, the Group announced it had executed a Merger Implementation Agreement to acquire the shares of SocietyOne Holdings Pty Limited (SocietyOne) with a scheduled completion date of 15 March 2022. The proposed acquisition of SocietyOne by MoneyMe combines two of the most widely recognised consumer credit disruptors to boost revenue, customer, and profit growth. I look forward to sharing more in relation to this transaction as it progresses.

Our digital operating model and proprietary technology platform, the combination

of current and planned new products, expanding distribution opportunities, a lower cost of funds and proactive credit risk management will continue to enable the business to achieve strong financial performance from an increasingly diversified customer receivables base. The Group is set to maintain its current focus on the opportunities for growth.

On behalf of the Board, I would again like to thank our customers and shareholders for your trust and ongoing support and our employees for their outstanding work, customer service and the significant milestones achieved in the period.

We look forward to pursuing the opportunities we see for the business and delivering strong shareholder returns.

Yours sincerely

Peter Coad

Chairman

Sydney, 21 February 2022