Ann: 3Q FY24 results update, page-71

Congrats to CS and the Zip Team Cynthia you are the best ! I have a great respect for your leadership !!
Phenomenal performance in the US and a lot more to come.

● Zip’s physical card continued to deliver strong customer engagement with TTV +92.6% vs
3Q23 and contributing >30.0% of in-store volumes
● Zip US signed or went live with several new merchants, including Vallarta and Follett. The
US business continues to diversify its vertical mix and is building a growing pipeline of
merchants
● Zip’s collaboration with Google Pay which launched in January has experienced positive
momentum, scaling to more merchants and increasing visibility to more Google Pay
customers
● Monthly US cohort loss rates in 3Q24 are now expected to deliver losses of approximately
1.3% of TTV, consistently demonstrating Zip’s ability to drive profitable growth. Zip
continues to scale capabilities such as cash flow underwriting at sign-up and new
machine learning models
● Zip UScontinues to test its new pay-in-8 product with initial test results showing pleasing
incrementality. The business plans to progressively roll this product out over the coming
quarters
Zip delivers another strong quarter of US growth, margin expansion and cashEBTDA performanceZip Co Limited (ASX: ZIP) ("Zip", or the "Company") today announced its third quarter results forthe three-month period ending 31 March 2024 ("3Q24").The Company is also providing an update in relation to cash EBTDA performance. Zip achievedunderlying Group cash EBTDA of $20.1m for the quarter driven by a particularly strong performancein the US business and continued margin expansion in AU. Including year-to-date adjustments,year-to-date Group cash EBTDA is $45.2m.Zip now expects to deliver a 2H24 Group cash EBTDA result (post adjustments) of not less than its1H24 result (of $30.8m).KEY HIGHLIGHTS FOR 3Q24. Underlying Group cash EBTDA of $20.1m, driven by accelerated TTV growth in the USbusiness and continued margin expansion in AU. Transaction volume of $2.4b (up 14.6% vs 3Q23). Revenue of $219.2m (up 26.6% vs 3Q23)· Revenue margin improved to 9.1% (vs 8.3% in 3Q23). Transaction numbers of 17.9m (flat vs 3Q23)· Cash transaction margin was 3.9% (vs 2.9% in 3Q23). Active customer numbers at the quarter end of 6.0m. Merchants on Zip's platforms increased to 77.7k (up 9.1% vs 3Q23)· Zip Americas delivered a particularly strong TTV performance of US$1,058.5m (up 43.6% vs3Q23) and revenue of US$75.3m (up 49.2% vs 3Q23). US bad debts continued to performwell with monthly cohort loss rates approximately 1.3% of TTV