Investor Presentation February 2017 Executive Summary Euroz Lim - PowerPoint PPT Presentation

Investor Presentation February 2017

Executive Summary Euroz Lim ited is a grow ing a nd d iv ersified fina ncia l serv ices com p a ny  Euroz Limited (“Euroz”) is an ASX-listed, diversified financial services company with a market capitalisation of $164 million 1 .  Euroz cash and investments increasing to $115.1 million 1 .  Strong staff ownership of 44% aligns the operations of the business with the interests of shareholders.  Euroz has a consistent track record of profits and dividends – $185 million of fully franked dividends paid in the past 16 years.  Building a unique combination of steady ongoing revenues with transactional and performance fee upside. Euroz Securities Funds Managem ent Wealth Managem ent Stockbroking and Corporate Finance Westoz Funds Management and Entrust Private Wealth Management Prodigy Investment Partners Note 1: As at 31 December 2016 2 Investor Presentation - February 2017

Organisational Chart 3 Investor Presentation - February 2017

Financial Performance Historical Share Price and NTA 1 Euroz Lim ited Ownership 1 $3.00 $2.50 Directors Retail NTA (A$) $2.00 25% 42% $1.50 $1.00 Staff 19% $0.50 $0.00 Ice Cold Institutions 2006 2008 2010 2012 2014 2016 Investments 8% 6% EZL Share Price NTA Net Profit after Tax 1 Dividend per share 1 $0.30 $50.0 $0 .27 $4 1.9 $0.25 $40.0 $0 .18 NPAT (A$m ) $0 .18 $0.20 $26 .3 $26 .6 $26 .6 DPS (A$) $30.0 $22.2 H2 $0.15 $0 .12 $0 .12 $16 .8 $20.0 $0 .11 $13.2 H1 $11.8 $11.1 $10 .3 $0 .0 8 $9 .2 $0 .0 8 $0.10 $0 .0 5 $0 .0 7 $10.0 $2.6 $0 .0 4 $0.05 $0 .0 175 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1H 2017 -10 -$7.1 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Note 1: As at 31 December 2016 4 Investor Presentation - February 2017

First Half Results Short term p rofita bility d riv en by strong Equity Ca p ita l Ma rkets a ctiv ity a nd increa ses in W IC a nd OZG sha re p rices  First half for the financial year ended 30 June 2017 net profit after tax of $13.2 million.  First half dividend 1.75 cents fully franked.  Strong contribution from Euroz Securities - $510 million of first half equity capital market raisings.  Euroz ranked number 1 by WA Business News iQ for WA based equity capital raising in 2016.  Solid first half performance from WIC (up 18.2%) and OZG (up 21.8%).  Flinders Emerging Companies Fund continues to perform well ( up 21.2% pa) since inception 1 .  Dalton Street Capital launched with modest inflows.  Solid ongoing organic growth from Entrust Private Wealth Management.  Group FUM $1,143 million (up 19% in 6 months). Note 1: September 2015 5 Investor Presentation - February 2017

Euroz Value Proposition Euroz Lim ited (EZL.ASX) Future Investm ent Partners Stockbroking and Funds Managem ent Wealth Managem ent Corporate Finance    Daily brokerage turnover provide a Growing recurring base fee Growing recurring base fee revenue base of revenues revenue as funds under management as funds under management increase increase   High im pact (but cyclical) A platform to attract and acquire new  transactional fee upside (ECM/ M&A) Increased opportunity for high wealth managers im pact performance fees from a diversified range of funds Shareholder Value Proposition Base Dividend Market Dividend Base Dividend Market Base Market Dividend Upside Rating/ EV Dividend Upside Rating/ EV Dividend Upside Rating/ EV        6 Investor Presentation - February 2017

Euroz Balance Sheet Cost Market Look through value Westoz 1 $38.4m $33.8m $37.3m Ozgrowth 1 $27.3m $23.6m $27.9m Flinders Investment Partners 1 $6.1m $7.5m $7.5m Dalton Street Capital 1 $2.0m $1.9m $1.9m Other Investments 1 $5.0m $5.5m $5.5m Cash 1 $42.8m $42.8m $42.8m Total $121.6m $115.1m $122.9m Value per share $0.72 $0.77 Market Capitalisation as at 31 December 2016 $164m $164m ($1.045/ share) Enterprise Value as at 31 Decem ber 20 16 $41.1m $48.9m 7 Investor Presentation - February 2017

Dividend History Euroz ha s p a id $18 5 m illion fully fra nked d iv id end s ov er the la st 16 y ea rs  Significant Corporate Finance and Funds Management performance fees have typically occurred together.  Euroz aim s to grow its base level of dividends through increasing recurring revenues and a diversification of high im pact perform ance and transactional fees. Significant Performance Fees $0.30 $0 .27 Significant Corporate Finance Fees (ECM/ M&A) $0.25 $0.20 $0 .18 $0 .18 DPS (A$) $0.15 H1 $0 .12 $0 .12 H2 $0 .11 $0.10 $0 .0 8 $0 .0 8 $0 .0 7 $0 .0 5 $0 .0 4 $0.05 $0 .0 2 $0.00 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1H 2017 8 Investor Presentation - February 2017

Stockbroking & Corporate Finance Euroz Securities  Quality equities research is the foundation of our business. Research  Highly rated research from our team of seven analysts.  Institutional advisory and equities dealing services.  Team of nine institutional dealers have significant long-term relationships with Institutional Sales major institutional investors.  A unique and predominantly high net worth client base.  Significant capacity to support new issues and construct first class share Private Client registers. Dealing  Expanded wealth management capabilities.  Specialised corporate advisory services including equity capital market raisings, mergers & acquisitions, takeovers and takeover response, strategic planning and reviews and privatisation & reconstructions. Corporate Finance  Euroz ranked Number 1 according to WA Business News for WA based equity raises - $712.4 million in calendar year 2016. Long term strategy: Leverage deal flow in WA related com panies through high quality research, dealing and corporate finance services. 9 Investor Presentation - February 2017

Funds Management Westoz Funds Management W estoz Fund s Ma na gem ent – Full 10 0 % ow nership of m a na gem ent com p a ny  Westoz Funds Management ( WFM ) is a 100%-owned subsidiary of Euroz Limited that was established in May 2005.  WFM manages portfolios of Australian equities on behalf of two listed investment companies, Westoz Investment Company Limited ( WIC ) and Ozgrowth Limited ( OZG ).  WIC and OZG have contributed $31.7m 1 in dividend income to Euroz Limited since inception.  Euroz owns 26.3% of WIC and 38.8% of OZG 1 .  The investment objective of both portfolios is to generate consistent positive returns over the medium to long term. Westoz Investm ent Com pany Lim ited (ASX:WIC) Ozgrowth Lim ited (ASX:OZG) $0 .0 17 $0 .11 $0.12 $0.018 $0 .10 $0 .0 15 $0 .0 15 $0 .0 15 $0.016 $0 .0 14 $0 .0 9 $0 .0 9 $0 .0 9 $0.10 $0.014 $0.08 $0.012 DPS (A$) DPS (A$) $0 .0 10 $0 .0 6 H2 H2 $0.010 $0.06 H1 H1 $0.008 $0 .0 4 $0 .0 0 5 $0 .0 3 $0.04 $0.006 $0 .0 0 25 $0.004 $0.02 $0.002 2010 2011 2012 2013 2014 2015 2016 2017 2010 2011 2012 2013 2014 2015 2016 2017 Long term strategy: provide a steady base of ongoing m anagem ent fee revenues with potential perform ance fee upside. Note 1: As at 31 December 2016 10 Investor Presentation - February 2017

Funds Management Prodigy Investment Partners La unching a series of sep a ra te boutique fund p rod ucts for both reta il a nd w holesa le inv estors.  Prodigy Investment Partners ( Prodigy ) is an 80%-owned joint venture between Euroz Limited and former MLC CEO Steve Tucker.  The first of these new boutique fund management partnerships was announced in July 2015 – with Flinders Investment Partners ( Flinders ) and subsequently Dalton Street Capital ( DSC ) was launched in May 2016.   Flinders is a specialist small companies investment manager DSC is a quantitatively driven absolute return manager, using that brings together two of Australia’s most experienced small strategic and tactical investment strategies, seeking to deliver and emerging company investors Andrew Mouchacca (ex - superior absolute returns uncorrelated to major asset classes. Contango Asset Management) and Richard Macdougall (ex -  DSC’s strategy is aimed at giving investors access to strong Perennial Growth). absolute returns through different market cycles .  Flinders has achieved “Recommended” rating from  The DSC strategy has a 12-year track record of producing Independent Investment Research and “Investment grade” positive investment returns over various market cycles. rating from Zenith and Lonsec.  DSC is headed by Alan Sheen and Nick Selvaratnam. Before  Since inception, Flinders Emerging Companies Fund has joining Prodigy, Alan and Nick worked together at Credit Suisse performance (after fees and expenses) of 21.2% pa versus the where Alan was Head of Proprietary Trading and Nick was Head S&P/ ASX Small Ords Accumulation Index of 20.2% pa 1 of Equities. Long term strategy: provide a steady base of diverse ongoing m anagem ent fee revenues with potential perform ance fee upside. Note 1: Inception date is 30 September 2015. 11 Investor Presentation - February 2017