Announcement PDF Coffee Microcaps 1 May 2025 Coffee Microcaps VIP Conference Sydney - 1 May 2025 Raiz Invest – Investing made easy Level 9, 2 Bulletin Place, Sydney NSW 2000 Announcement authorised by the Board of Directors Australia's leading mobile first wealth platform Committed to enriching the financial wellbeing of all Australians Coffee Microcaps 1 May 2025 • Mobile-first wealth platform: o Providing convenience: easy way to save and invest o Accessibility: breaking down the barriers to investing o Superior customer experience: all your savings, investments & performance together • First-to-market: o Round-ups and automated rewards - easy to save through everyday transactions o Fractionalisation technology - invest from as little as $5 into a diversified portfolio • Commitment to customer-centric product innovation with launch of Raiz Jars in January 2025 and winner of 2025 Canstar Innovation Excellence Award for Raiz Plus portfolios • Resilient business model through the market cycle and scalable platform with low marginal cost of trading, positive UEBITDA2 and positive operating cash flow • Core revenue drivers trending positively with sustained growth in Active Customers3, ARPU4 and Funds under Management (FUM) 1. The results presented in this Business Update pertain solely to Australia and are unaudited. 2. Raiz’s preferred (non-IFRS) measure which is used to assess the operating performance of the business is Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (UEBITDA) which is EBITDA before share-based payments for employee share options and abnormal or non-recurring items. 3. Active customers are fee paying accounts. 4. ARPU is Annualised Revenue per User. 2 Raiz – Savings made easy Three easy ways to save and invest via the Raiz platform Round-ups Recurring Investments Coffee Microcaps 1 May 2025 Lump Sum Small amounts add up Total savings since inception $4.4bn Total saved in 2024 $728m Dividends reinvested since inception $175m Transaction data from a linked bank account to generate the round-up Automated recurring deposits - daily, weekly, fortnightly or monthly Ability to deposit oneoff amounts to save that little bit extra Raiz Rewards invested since inception $7.8m 3 Building wealth – Investing made easy A product for different stages of the customer lifecycle Raiz Invest Introductory product for first time retail investors with 8 preset portfolio options Raiz Invest Plus Allows retail investors to create their own portfolio from over 150 investment choices Coffee Microcaps 1 May 2025 Raiz Invest Super Retail Super product with pre-set portfolios & also offers Plus feature for customisation Raiz Rewards A cashback reward program with over 1,300 merchants online, instore and automatic rewards 4 Building wealth - Investing made easy A product for different stages of the customer lifecycle Raiz Kids Raiz Kids promotes financial literacy and builds a pipeline of future customers Raiz Jars Enable customers to manage multiple investment goals Coffee Microcaps 1 May 2025 Raiz Property Fund Help young Australians to access fractional residential property ownership Raiz White-label Coming Soon – in discussions with financial planners and dealer groups 5 Q3 FY25 Highlights Solid growth in financial and business metrics Coffee Microcaps 1 May 2025 Financial Metrics Revenue $6.1m 14.1% YOY 14.3% Positive operating cash flow $1.2m 7 consecutive quarters Business Metrics Active Customers ARPU5 324,968 $75.94 6.9% YOY 5.9% YOY 327,010 at 29 Apr 25 Positive total cash inflow6 $0.45m In Q3 FY25 Cash balance FUM Net inflows $12.5m $1.65bn $60m At 31 Mar 2025 23.1% YOY 67.9% YOY 5. Annualised Revenue Per User (ARPU) for the quarter is calculated as (quarterly revenue x 4)/(average Active Customers in the period). 6. Positive cash inflow reflects operating, investing and financing cash flows for the quarter. 6 Core revenue drivers trending positively Solid growth in Active Customers, ARPU and FUM Active Customers Coffee Microcaps 1 May 2025 ARPU ($) FUM ($’million) 7 Increasing Active Customers Importance of trust and credibility in marketing strategies and channel partnerships Brand Awareness and Education Strategic Partnerships Coffee Microcaps 1 May 2025 Core focus on increasing Active Customers on platform Laser focused on delivering for our customers Product Innovation to attract, re-engage and retain • Strong product uptake by new and existing customers Coffee Microcaps 1 May 2025 Improved conversion rate in onboarding • o Super Customers up 24% YOY (+6% QOQ) to 13,324 o Majority of new Active Customers completed sign up process within approx. 5 mins o Plus Portfolios up 43% YOY (+13% QOQ) to 40,304 o In Q3, the same day conversion rate has increased over time to 37% o Kids Portfolios up 36% YOY (+8% QOQ) to 51,662 Targeted strategies to re-engage • Raiz has 1.6m sign-ups, 754K investment accounts & 325K Active customers o Huge opportunity to re-engage with ongoing product innovation The onboarding process is from sign-up to Active Customers Improving churn rates • Improved retention and decreased churn are a focus o New products like Jars to improve retention o Improved automated messaging system for the right message at the right time o Re-engagement steadily improving 9 Growth in net inflows continues - $60m in Q3 FY25 Strong adoption of recurring investment features and increased product cross-sell Coffee Microcaps 1 May 2025 Increased engagement with recurring investment feature • In Q3, 60% of customers utilised the recurring investment feature, up from 54% in Q3 FY24 New product offerings encourage the use of recurring investment features • 79% of Raiz Jars portfolios and 69% of Kids portfolios vs 48% of regular Raiz Invest accounts Improving cross-sell across the product suite • Continued improvement with customers engaging with more Raiz products as shown in increase in ARPU Reinvestment of dividends • In Q3 FY25, Raiz re-invested over $15m in dividends received into customer portfolios (since inception $175m). The increasing utilisation of recurring investment features and increased cross-sell provides the foundation for flow growth through the market cycle 10 Steady growth in ARPU over time Changing product mix to higher revenue products Coffee Microcaps 1 May 2025 Key drivers of ARPU growth – CAGR of 9% over 4 years • • Account based revenue (maintenance & account fees, including FUM based fees) • Fee increase in August 2023 • Customers selecting higher revenue products (eg. Raiz Plus, Raiz Super) • Higher FUM Transaction based revenue (advertising revenue, netting profit & interest income) • Increased customer engagement through Raiz Rewards • Higher trading volumes • Increased net inflows Account based revenue Transaction based revenue 11 11 Transition to operating profitability Material growth in Underlying EBITDA on pcp Coffee Microcaps 1 May 2025 $’000 1H25 1H24 % vs 1H24 Revenue 11,604 10,154 14% Operating expenses7 (10,898) (10,050) (8%) Underlying EBITDA8 706 104 579% Underlying Net Profit / (Loss) After Tax (947) (987) 4% Discontinued operations & FX translation (160) (880) 82% (1,107) (1,867) 41% Statutory Profit / (Loss) After Tax • Three consecutive periods of positive Underlying EBITDA • Decrease in Underlying EBITDA in 1H FY25 compared to 2H FY24 was due to: • Investments in new marketing systems • Recently recruited talent • Increased spending in marketing • One-off expenses related to an external review of technology and AI • 2H FY25 operating expenses are expected to be broadly in line with 2H FY24 7. Refer Appendix 2 of 1H FY25 result presentation for reconciliation of Operating Expenses to Total Expenses. 8. Refer Appendix 2 & 3 of 1H FY25 result presentation for a reconciliation of UEBITDA to Statutory NPAT. 12 The competitive landscape is changing Raiz is uniquely positioned Coffee Microcaps 1 May 2025 Raiz delivers: Round Up Investments Recurring Investments • a comprehensive offering for retail investors • a value for money offering which for a low monthly fee provides: Lump sum investments Superannuation • Access to leading ETFs and 100 ASX stocks • Brokerage free trading • Automated savings with round ups and recurring investments • Exclusive access to Raiz Rewards • Multiple portfolios available through Jars and Kids 17% First Home Super Saver Stock Trading 44% Property Fund Kids Account Jar Accounts 39% Cashback Rewards Social Responsibly themed investing • the highest app store ranking relative to competitors Brokerage Free • a highly scalable technology platform App Store Ranking(1) 35 195 101 60 132 59 69 Source: Latest company disclosure. Apple App Store as at 1 October 2024. YouGov research for awareness data. Investment Trends. (1) ‘Finance’ Category App Store Rankings >200 are not specified in App Store rankings. >200 136 155 >200 13 Uniquely positioned for growth Compelling investment thesis with a proven track record Coffee Microcaps 1 May 2025 1 2 3 4 5 6 CUSTOMER FIRST POSITIVE MOMENTUM OPPORTUNITIES EXPANDED RESOURCES SCALABLE & RESILIENT MODEL STRENGTH Customer centric culture is driving our award-winning product innovation and an exceptional customer experience Core revenue drivers, including Active Customers, ARPU and FUM, are trending positively Upcoming launch of white label solution and the ability to leverage the capabilities of State Street Global Advisors New talent strengthening capabilities across product development, marketing, risk management, cybersecurity, and system infrastructure Proven scalable technology and resilient business model through the market cycle Strong balance sheet, well funded & strong team to execute on growth strategy as competitive landscape changes 14 Market information Share price, capital structure, and substantial shareholders Coffee Microcaps 1 May 2025 Raiz Share Price & Volume Capital structure (28-Apr-25) Shares on issue 105.3m Share price A$0.63 12-month range A$0.33 - A$0.86 Market capitalisation A$66m Cash & cash equivalents 31 March 2025 A$12.5m Top Holdings (19-Feb-25) Shares (%) 1 THORNEY INVESTMENTS 14.1m 13.4 2 SEVEN WEST MEDIA INVESTMENTS PTY LTD 6.2m 5.9 3 SG HISCOCK & CO 5.5m 5.2 4 ACORNS GROW INCORPORATED 5.2m 4.9 5 STATE STREET GLOBAL ADVISORS INC 4.8m 4.6 Top 20 Holdings 65.4m 62.1 Other Holdings 39.9m 37.9 Total 105.3m 100.0 15 Important notice and disclaimer Coffee Microcaps 1 May 2025 This presentation has been prepared by Raiz Invest Limited (ACN 615 510 177) (RAIZ). References in this presentation to RAIZ include its group of companies and trusts. This presentation is subject to the conditions outlined below. Your receipt or viewing of the Presentation evidences your acceptance of those conditions and that you agree to be bound by them. This presentation is provided to recipients for information purposes and should be read in that context. The information in this presentation is in a summary form, does not purport to be complete, is not investment or financial product advice and is not intended to be relied upon as advice to investors or other persons or to be used as the basis for making an investment decision. Please note that, in providing this presentation, RAIZ has not considered the objectives, financial position or needs of any particular recipient. Any person considering an investment should consider whether such an investment is appropriate for their particular investment objectives, financial situation and needs, and conduct its own independent investigation and assessment including obtaining investment, legal, tax, accounting and such other advice as they considers necessary or appropriate, prior to making an investment decision. The information contained in this presentation is based on information available to RAIZ. Statements in this presentation are, unless otherwise stated, made only on the basis of information known to RAIZ as at the date of this presentation and relate in part to events that are changing. Circumstances may change at anytime. The information contained in this presentation is therefore subject to change without notice and RAIZ may, in its absolute discretion, but without being under any obligation to do so, update or supplement that information. 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As such, undue reliance should not be placed on any forward-looking statement and RAIZ assumes no obligation to update such information. Past performance is not necessarily a guide to or a reliable indicator of future performance. Nothing contained in this presentation nor any information made available to you is, or can be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future. This presentation is not a prospectus, product disclosure statement or any other disclosure document under Australian law or any other law. It does not constitute financial product advice or an offer or invitation to subscribe for or purchase any Shares or an offer for subscription or purchase of any Shares nor is it a solicitation to engage in or refrain from engaging in any acquisition of Shares or other associated derivatives transaction nor will anything contained in it form the basis of any offer, contract or commitment. This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in RAIZ in any jurisdiction. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The distribution of this presentation in jurisdictions outside of Australia may be restricted by law. Persons who come into possession of this presentation who are not in Australia should seek independent professional advice and observe any such applicable restrictions. Neither this presentation nor any copy of it may be transmitted or released in the United States or distributed, directly or indirectly, to any person in the United States. By accepting this presentation, the recipient agrees to comply with these restrictions. This presentation contains certain pro forma and non-IFRS financial information. Such financial information has not been prepared in accordance with disclosure requirements of applicable accounting standards and other mandatory reporting requirements in Australia. All references to dollars, cents or $ in this presentation are to AUD currency, unless otherwise stated. 16 Coffee Microcaps 1 May 2025 Investor and media enquiries: Brendan Malone Managing Director and CEO M: + 61 439 339 195 E: ir@raizinvest.com.au Katie Mackenzie Investor Relations M: +61 455 502 197 E: kmackenzie@belleviewir.com.au (ASX:RZI) 17