Aldermore — Debt Investor Presentation (September 2025)
27 slides from Aldermore's debt investor presentation, September 2025
Slide 1: Fixed Income Investor Update September 2025
Fixed Income Investor Update September 2025
Slide 2: Overview & Strategy
Overview & Strategy 2
Slide 3: Multi-specialist lending and savings provider
Multi-specialist lending and savings provider Customer Customer Lending Deposits £16.6bn £17.0n Organised into three lending divisions and Savings Owner Corporate £0.8bn (5%) Occupied £2.0bn (12%) Deposit Aggregators £2.1bn (12%) Property Business Motor Savings Finance Finance Finance Business Profi
Slide 4: Successful story of organic and inorganic growth
Successful story of organic and inorganic growth Jul 2009 Nov 2009 Jun 2012 Retail deposits Absolute Invoice SME business May 2009 launched Finance acquired deposits launched Founded with backing from AnaCap Financial Partners LTD May 2009 Oct 2009 Apr 2010 Apr 2014 Mar 2015 Acquisition of Ruffler B
Slide 5: Supportive ownership structure
Supportive ownership structure FirstRand1 OTHER WHOLLY-OWNED SUBSIDIARIES OF FIRSTRAND LTD • One of the largest financial services groups in Africa by market capitalisation LISTED HOLDING COMPANY (FIRSTRAND LIMITED, JSE: FSR) ~80% • Normalised total assets $145.5bn assets 100% • Normalised net asset
Slide 6: Benefits to Aldermore Group of FirstRand ownership
Benefits to Aldermore Group of FirstRand ownership Access to best-in-class Close collaboration Stable, strongly capitalised financial resource across the group and highly liquid parent management disciplines • Product returns assessed on marginal, and • Able to tap technical resources at • FirstRand
Slide 7: Significant business progress underpinned by purpose-led strategy
Significant business progress underpinned by purpose-led strategy Purpose The purpose-led strategy is delivering for all stakeholders To back We have reorganised the business around the ‘Modernise and Focus’ strategy more Strong financial performance and disciplined balance sheet growth people to Ro
Slide 8: Strategy is set to continue delivering a more resilient and profitable group
Strategy is set to continue delivering a more resilient and profitable group Less Operational Risk More Agility More Efficiency More Growth • Simplification of Risk • Rapid Property product • 50 bots live in Customer • Diversifying funding, new frameworks, policies and launches, live in <5 days (fro
Slide 9: Proven track record of sustainable and profitable growth
Proven track record of sustainable and profitable growth Net loans (£bn) Profit before tax (£m) Includes provision and costs relating to historical motor finance commission expense (FY24: £18.1m, FY25: £60.6m) 253 16.6 14.7 15.2 15.3 223 13.4 205 194 12.4 10.6 158 134 49 FY2019 FY2020 FY2021 FY2022
Slide 10: Strong financial performance and business momentum
Strong financial performance and business momentum Financial Performance Highlights Business Highlights 12 months to 30 June 2025 Profit Before Tax Net Lending Customer Deposits Strong lending growth from product switch proposition in Property, (Statutory) improving year-on-year retention £193.5m £1
Slide 11: Motor Finance – Historical commission arrangements
Motor Finance – Historical commission arrangements Provision for potential redress and • The Group has increased its provision for potential redress and associated remediation costs for historical Motor Finance commission arrangements to £73.1m as at 30 June 2025 (30 June 2024: £15.0m), reflecting t
Slide 12: Divisional Overview
Divisional Overview
Slide 13: Property Finance
Property Finance c.49k mortgage customers and Net Promoter Score +44 for brokers ~50% of customers stay with us after maturity, £8.7bn balances >19k registered brokers evidencing strong service with most taking a new loyalty product Property Finance Propositions Property Finance Balance Composition
Slide 14: Business Finance
Business Finance 45% of AF business via brokers* Net Promoter Score +58 for Asset Finance average customer balance £100k c.30k customers and 19% of CRE business* customers and +26 for brokers CRE average loan size £1.1m £3.7bn balances 4% of IF business* evidencing strong service Invoice Finance ave
Slide 15: Motor Finance
Motor Finance 80% business transacted directly c.440k Motor customers, c.1.5k #2 in Used Car Finance Net Promoter Score +86 for Trustpilot “Excellent” through dealerships, 20% Motor dealerships, £4.1bn balances #2 in LCV Finance Dealers and +53 for Customers 4.7/5 generated through brokers Motor Fin
Slide 16: Savings
Savings Personal Business Corporate £17bn Balances and 92% >75% of deposits are Trustpilot “Excellent” 4.6/5 Avg. Balance: £36k Avg. Balance: £73k Min. Balance: £1m of Group funding covered by FSCS Personal Business Deposit Aggregators & Corporate Fixed Deposit 4% 7% 11% Aggregators Notice 26% (Fixe
Slide 17: Financial Update
Financial Update
Slide 18: Robust financial performance
Robust financial performance Group Financial Performance (£ million) FY2025 FY2024 Change • Year-on-year profit before tax notably impacted by the Income Statement £60.6m (2024: £18.1m) charge related to the historical Net interest income 597.9 604.3 (1)% Motor Finance commissions review, and the no
Slide 19: Disciplined balance sheet growth
Disciplined balance sheet growth Customer Lending (£bn) 0.2 0.2 0.9 0.1 0.3 • Controlled growth in lending, prioritising through- (0.2) the-cycle returns. • Property growth is predominantly led by Specialist Buy to Let but also supported by a return to 16.6 15.3 growth in Owner Occupied lending. 15.
Slide 20: Resilient credit performance
Resilient credit performance Gross Loans by Stage (£m) Financial year ended (£m) Jun-24 Jun-25 Stage 3, 525 Stage 3, 570 Gross Loans 15,648 16,858 • Portfolio credit performance has remained resilient Stage 2, 924 Stage 2, 1,164 despite cost-of-living pressures. Expected Credit Loss (311) (258) • Ar
Slide 21: Diversified, Granular and Secured Loan Portfolio
Diversified, Granular and Secured Loan Portfolio Proportion of Net Average Cust. FY25 Indexed LTV (%) NPL (%)1 CoR (bps) Loan Book (%) Balance Owner 13% 61% 7.6% (29bps) £154k • Lending book composition and asset Occupied (FY2024: 13%) (FY2024: 61%) (FY2024: 6.7%) (FY2024: (24bps)) (FY2024: £176k) q
Slide 22: Capital, Funding & Liquidity
Capital, Funding & Liquidity
Slide 23: Capital ratios are strong, with scope for stack optimisation
Capital ratios are strong, with scope for stack optimisation • Strong earnings underpin organic capital generation. Additional • Strong leverage (8.8%) and capital ratios, with notable CET1 headroom 30 June 2025 CET1 Tier 2 Total Tier 1 above internal targets and regulatory requirements. • Efficient
Slide 24: Funding and Liquidity
Funding and Liquidity Diversified funding platform, with Prudently managed LCR and NSFR (%) Low-risk liquidity buffer1 proven access to public wholesale 236 funding 1% 203 7% 2% 3% 5% 31% 15% 138 136 £3.7bn £18.7bn 15% 61% 59% Bank of England Reserve Account Personal Savings Average LCR Average NSFR
Slide 25: Appendix
Appendix Information Classification: Confidential WSS 220512 May FR Board - Aldermor ...
Slide 26: Experienced Leadership Team
Experienced Leadership Team Aldermore Group CEO since 2021. Former Aldermore Group CFO since September Executive CEO at C. Hoare & Co. Before this spent 30 2025.Former CFO for four years, and Chief Accounting Officer for two years at the Co- Directors years at Barclays, leading several of its major
Slide 27: Approach to ESG and Sustainability
Approach to ESG and Sustainability Aldermore’s ESG & Sustainability plans are action focused and align to the Aldermore strategy and purpose. The below shows chosen areas of societal impact that align to broader ambitions of aiding sustainable development within the UK market. Our purpose Back more
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