Heartland Group Holdings Ltd. · NZX:HGH
Heartland — Q1 FY2027 Earnings Presentation
16 slides from Heartland's earnings presentation, Oct 27, 2026
Slide 1: Heartland trading update
NZX/ASX release 27 October 2026 Heartland trading update For personal use only Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) today provides a trading update for the three- month period ended 30 September 2026 (1Q2027). Heartland is on track to deliver return on equity (ROE) of at least
Slide 2: NZ Banking Heartland Bank
NZ Banking Heartland Bank 10 1Q2027 FY2027 guidance Net operating income (NOI) $55.6m No guidance provided Operating expenses (OPEX) 11 $32.7m <$135m Impairment expense $6.3m No guidance provided For personal use only NPAT $12.2m >$48m Average NIM 4.09% >4.05% CTI ratio 12 56.9% <58.4% Impairment ex
Slide 3: Heartland Bank Australia update
In the financial year ended 30 June 2026 (FY2026), Heartland Bank Australia refined the accounting methodology used to recognise Reverse Mortgage intermediary commission costs. The updated methodology better aligns the recognition of customer acquisition costs with the expected loan life and portfol
Slide 4: Endnotes
Endnotes 1 Taking into account a $4.5 million positive impact to NOI, $3.5 million positive impact to OPEX, and $5.6 million positive impact to NPAT from Heartland Bank Australia’s Reverse Mortgage accounting change made in For personal use only FY2026. For more information, see page 33 of Heartland
Slide 5: 1Q2027 Trading Update
For personal use only Investor Presentation 1Q2027 Trading Update For the quarter ended 30 September 2026
Slide 6: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Heartland Group Holdings Limited (NZX/ASX: HGH) (the Company or Heartland) for the purpose of briefings in relation to an update on 1Q2027 trading. Important notice Presentation of financial information The presentation and the
Slide 7: 1Q2027 summary
1Q2027 summary For personal use only Continued quarterly improvement in NPAT1 and ROE driven by strong Reverse Mortgage growth, stable operating expenses and improved asset quality. • Average NIM, CTI ratio and impairment expense remain • Heartland Bank’s Rural2, Motor Finance3 and Business • Heartl
Slide 8: NZ banking
NZ banking For personal use only NPAT 1Q2026 $17.1m 2Q2026 $13.9m 3Q2026 $8.2m 4Q2026 $10.6m 1Q2027 $12.2m FY2027 guidance >$48m Average NIM Impairment expense ratio FY2026 NIM FY2026 Avg. 4.08% Avg. 0.67% 4.12% 4.09% 4.09% 0.98% 4.06% 4.09% > 4.05% 0.61% 0.71% 0.55% <0.48% 0.39% 1Q2026 2Q2026 3Q202
Slide 9: NZ banking: Impairment and provisioning
NZ banking: Impairment and provisioning For personal use only Impairment expense ($m) Total provisions and coverage ($m) 2.13% 2.09% 1.97% 8.1 4.4 10.8 1.60% 1.68% 7.1 13.0 6.3 4.7 4.6 6.6 3.8 6.1 6.2 26.8 4.7 8.2 4.6 25.7 21.6 (2.8) (4.2) (0.8) (0.2) 18.5 19.7 (1.0) (1.1) (9.9) (0.7) (2.0) 43.9 39.
Slide 10: NZ banking: Asset quality
NZ banking: Asset quality Motor Finance1 ($m) For personal use only 1.9%, $32.3 1.7%, $28.0 Asset quality within Heartland Bank’s core lending 0.6%, portfolios continued to improve in 1Q2027. 1.6%, $26.4 $9.8 0.6%, 0.4%, $8.9 $7.3 • Heartland Bank continued to maintain Motor Finance NPLs under 180 D
Slide 11: AU banking
AU banking For personal use only NPAT 1Q2026 AU$9.1m 2Q2026 AU$7.6m 3Q2026 AU$11.5m 4Q20261 AU$14.8m 1Q2027 AU$11.3m FY2027 guidance >AU$46m Average NIM Asset quality FY2026 NIM FY2026 impairment expense ratio Avg. 3.74% Avg. 0.11% 3.09% 2.26% 3.74% > 3.68% 1.99% 3.63% 1.77% 1.78% 4.00% 3.72% 0.20%
Slide 12: Additional information
For personal use only Additional information
Slide 13: Key financial metrics: NZ banking and AU banking
Key financial metrics: NZ banking and AU banking For personal use only NZ Banking 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 FY2027 guidance NOI $60.7m $56.3m $54.6m $54.2m $55.6m No guidance provided OPEX1 $31.1m $31.9m $32.4m $32.0m $32.7m <$135m Impairment expense $7.1m $4.4m $10.8m $8.1m $6.3m No guidan
Slide 14: Motor Finance arrears vs. auto industry average
Motor Finance arrears vs. auto industry average For personal use only 6.5% 6.3% 5.9% 6.0% 6.1% 5.8% 5.6% 5.4% 5.8% 5.4% 5.4% 5.5% 5.2% 5.2% 5.1% 5.0% 5.0% 4.6% 4.5% 4.5% 4.3% 4.0% 4.0% 4.2% 3.5% 3.7% 3.2% 3.0% 3.0% 3.0% 2.8% 2.8% 2.5% 2.6% 2.0% 31/12/2024 31/03/2025 30/06/2025 30/09/2025 31/12/2025
Slide 15: Glossary
Glossary For personal use only CTI ratio Cost-to-income ratio OPEX Operating expenses The proposed acquisition by Heartland of all TSB shares DPD Days past due Proposed Transaction on issue from Toi Foundation, and subsequent merger of Heartland Bank and TSB Bank Limited Gross Finance Receivables (i
Slide 16: Investor & media relations
For personal use only Investor & media relations Nicola Foley Head of Corporate Communications & Investor Relations +64 27 345 6809 [email protected] Investor information For more information heartlandgroup.info/investor-information
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