Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

Understand that macro conditions are tough (especially for lenders), but this is another excellent 4C report from WZR.

Cash flow positive just under $4.0m, & expansions of nett interest margins being just two of the many highlights.

Nett write offs are increasing a little, but nothing to be too concerned about IMO.

And they seem to be well funded - with a strong balance sheet.

Really like this business, and think it will do well in the coming years.

See report highlights below:

WZR Delivers $24.1M Revenue, $3.9M Operating Cash Flow

Net Interest Margin Expansion underway coupled with Revenue Growth of 55% on pcp

Wisr Limited (ASX: WZR) (“Wisr”, or the “Company” is pleased to provide the Quarterly Activities Report for the quarter ending 31 March 2023 (Q3FY23). Q3FY23 Highlights:

• After 2022 saw Net Interest Margin (NIM) compression, the Company has returned to NIM expansion.

From a low of 3.5% NIM through the rapid rate rise cycle, Wisr is now delivering a NIM run rate of 5% on new business written and expects a return to a NIM of over 6% in the medium-term

• Material opex reduction in April 2023 with a 30% headcount reduction and significant additional cost reduction initiatives, with a laser focus on delivering near-term profitability
• Q3FY23 loan originations of $140M, $1.6B in total loan originations to date
• Positive operating cash flow of $3.9M and Quarterly Revenue of $24.1M, a 55% increase on Q3FY22 ($15.5M)
• Prime $968M loan book, an increase of 46% on pcp (Q3FY22 $663M), with 90+ Day arrears of 1.16% and average credit score of 765
• Successful completion of $200M inaugural asset-backed securities deal for the secured vehicle loan product, reducing the cost of funds and increasing funding capacity
• The Company is progressing with its plan to implement an additional warehouse facility and has sufficient warehouse capacity to meet planned and projected loan originations
• Cash balance of $21.8M at 31 March 2023, consisting of $18.3M unrestricted cash and $3.5M loans available for sale
• Wisr holds $51.8M of equity note investments within Wisr Warehouses, an increase of $7.4M in Q3FY23
• Wisr Financial Wellness Platform passed 743K profiles, and Wisr Today product continues growth