Ann: Quarterly Report, page-2

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Zip Co Limited (ASX: Z1P) (Zip or the Company) is pleased to announce its quarterly update for
the period ending 30 September 2019 (Q1 FY20).
HIGHLIGHTS • Record quarterly revenue of $31.0m, up 15% on Q4 FY19. • Receivables increased to $783.6m, up 15% on Q4 FY19. • Record quarterly transaction volume of $402.1m, up 111% year on year. • Customer numbers increased to over 1.4 million, with 147k added in the quarter. • Entered agreement to acquire global instalment technology platform, PartPay
Limited, providing exposure to four key geographies – New Zealand, United Kingdom,
United States and South Africa. • Increased investment in US BNPL provider, QuadPay to 15%. • Acquired SME lender Spotcap Australia and New Zealand, fast tracking the launch of
the Zip Biz BNPL product. • Zip Master Trust launched in September, significantly oversubscribed, closing at
$500m. First pure play BNPL issuance globally and the largest of its nature by an
Australian Fintech. • Zip app ranked in the top 10 across both the Apple (#9) and Google Stores (#4). • Delivered market-leading credit performance with 1.68% net bad debts. • Remained cashflow breakeven whilst investing significantly in growth initiatives.
Cash EBTDA 1.0% of average quarterly receivables. • Big W, Carsales.com, Bailey Nelson, Sass & Bide, T2 Tea and a number of other
household names joined the platform. • Personal finance manager app, Pocketbook finished the quarter with a total user
base of c.730,000. • Key appointments to the executive team – Chief Customer Officer, Steve Brennen
and Chief Product Officer, Patrick Collins. • Zip Co officially joined the S&P/ASX 300 in the September index rebalance.