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FY2017FINANCIAL RESULTS

DISCLAIMERImportant NoticeThis investor presentation has been prepared by EML Payments Limited ABN 93 104 757 904 (EML) and is generalbackground information about EML’s activities current as at the date of this presentation. This information is givenin summary form and does not purport to be complete. Information in this presentation should not be considered asadvice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securitiesand does not take into account your particular investment objectives, financial situation or needs. Before acting onany information you should consider the appropriateness of the information having regard to these matters and seekindependent financial advice.An investment in EML securities is subject to known and unknown risks, some of which are beyond the controlof EML. EML does not guarantee any particular rate of return or the performance of EML.This presentation may contain forward looking statements including statements regarding our intent, belief orcurrent expectations with respect to EML’s businesses and operations, market conditions, results of operation andfinancial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned notto place undue reliance on any forward looking statements.Unless otherwise specified all information is for the year ended 30 June 2017, and is presented in Australian Dollars.EML Payments Results Presentation 20172

MORE OPPORTUNITYON A GLOBAL SCALE01 FY2017 OVERVIEWTom Cregan02 FINANCIAL OVERVIEWBruce Stewart03 OUTLOOKTom CreganEML Payments Results Presentation 2017Managing Director& Group CEOGroup CFOManaging Director& Group CEO3

MORE OPPORTUNITYON A GLOBAL SCALE01 FY2017OVERVIEW4

FY2017 OVERVIEWHIGHLIGHTS 4.42bnGROSS DEBIT VOLUME (GDV)348%Group GDV totalled 4.42bn, an increase of 348% to the prior year(AUD’ millions)50004000 3.55bnGDV generatedin North AmericaFull year impact of EML North America1existing customers at acquisition approx. 2.75bn20001000FY2017FY2016FY201548% of year on year GDV growth driven fromorganic customer acquisition0FY2014Growth fromorganic customer acquisitionAmericaEuropeAustraliaFY201348%30001. EML North America acquired 1 June 2016EML Payments Results Presentation 2017EML generates revenues from processing payment volumes of prepaid stored value products on ourprocessing platforms. The gross value of these transactions are defined as Gross Debit Volumes (‘GDV’)and are a key indicator of current & future revenues.5

FY2017 OVERVIEWHIGHLIGHTS 58.0mREVENUE149%Group revenue for FY2017 of 58.0m, up 149% on prior year(AUD’ millions)6050 38.1mRevenue generatedin North AmericaFull year impact of EML North America was 38.1mincremental revenue403020EML Payments Results Presentation 2017FY2017FY2016FY20150FY2014FY2018 Analyst consensus is for the Revenue / GDV metricto reduce to 100bps with an increase in GDV to 7—8bn10FY2013The Revenue / GDV metric reduced to 1.3% as a result of a shiftin mix from Non-Reloadable products to Reloadable and B2BVirtual Payments which generated 2.49bn of total GDVEML generates revenues from processing payment volumes of prepaid stored value products on ourprocessing platforms. The gross value of these transactions are defined as Gross Debit Volumes (‘GDV’)and are a key indicator of current & future revenues.6

FY2017 OVERVIEWHIGHLIGHTS 14.5mEBTDA189%Group EBTDA for FY2017 was 14.5m, up 189% on prior yearGroup continues to leverage scale with diversification acrosscurrencies, geographic regions, products, segments and customers(AUD’ 6FY2015FY2014EML generates interest income on Stored Value balances and as such is a source of core revenue.Earnings Before Tax, Depreciation & Amortisation (‘EBTDA’) is used as the most appropriatemeasure of assessing performance of the group.FY2013-4EBTDA includes R&D tax offset & excludes share based payments, and is reconciled to thestatutory profit and loss within the FY2017 Annual Report.EML Payments Results Presentation 20177

FY2017 OVERVIEWHIGHLIGHTS 302mSTORED VALUE 50mStored value closed at 302m, an increase of 50m or 16%on the prior yearExpectations of increases in the official interest rates wouldbenefit the group in future years(AUD’ millions)35030025020015010050EML Payments Results Presentation 2017FY2017FY2016FY2015EML generates interest on Stored Value balances as a function of prevailing interest rates,commercial agreements with our banks and the Stored Value balances.FY2014EML holds funds on behalf of our customers and cardholders across all regions and variousself issued and BIN sponsored programs. We refer to this as Stored Value.FY20130AmericaEuropeAustralia8

FY2017 OVERVIEWHIGHLIGHTSRESULTS — 5 YEAR CAGRRevenue 2017Gross Debit Volume 2017 4.4bn101%EBTDA 2017 58.0m(AUD’ millions)(AUD’ millions)50006063% 14.5m237%(AUD’ 054210-45EML Payments Results Presentation 01309

FY2017 OVERVIEWHIGHLIGHTSSUCCESSSuccessful Integration of EML USA and CanadaSuccessful launch of initial Reloadableprogram in the UK (bet365)PREPAIDVALIDTHRUSuccessful launch of initial Reloadableprogram in the USA (LuLaRoe)Successful launch of Salary PackagingReloadable programs in AustraliaEML Payments Results Presentation 201710

FY2017 OVERVIEWSUCCESSEML Payments Results Presentation 2017300020001000AcquisitionOrganic0FY2017Completed pilot testing1 on our first self-issuedReloadable program in Australia under ourdirect license with MasterCard4000FY2016EBTDA of 14.5m translated to operating cash flowof 12.3m25000FY2015GDV from our established Australian gaming verticalgrew by 59% on the prior year, driven by a 59% increasein issued cards in market(AUD’ millions)FY2014Signed several B2B Virtual Payments contracts in theUSA that will generate significant GDV in future periodsGDV (Organic vs Acquisition) 2017FY2013HIGHLIGHTSOrganic GDV derives from new customers not signed upon acquisition of either EML Europe or EML North America.Growth in GDV from existing customers on acquisition of either EML Europe or EML North America is treated asacquisition growth. EMLs ability to launch new programs from our acquisitions is key to our growth & diversification strategy.1. Partner progressed program to commercial launch in August 2017.2. Statutory operating cash flow was 19.3m which included 7m of breakage receipts which had not been paid out underour revenue sharing agreements.11

MORE OPPORTUNITYON A GLOBAL SCALE02 FINANCIALOVERVIEW

FINANCIAL OVERVIEWGROUP FINANCIALSPROFIT & LOSSRevenue( ’000s)FY 2016FY 2017% 58,097-14%Americas2,15329,0561249%GROSS ed payments(2,073)(5,317)-156%Depreciation and amortisation aEuropeAmericasTOTAL REVENUEOVERHEAD EXPENDITURE (Incl. R&D tax offset)AmericasEBTDA (Incl. R&D tax offset)Other non-cash itemsAdd back R&D offset incl. in EBTDANet Profit / (Loss) before taxIncome tax benefitNet profit / (loss) for the yearEML Payments Results Presentation 2017EBTDA EXCEEDED ANALYST CONSENSUSFY17 EBTDA of 14.5m exceeded analyst consensus of 14.3mSTRONG REVENUE GROWTHStrong revenue growth of 149% from prior year drivenby both acquisition and organic growthANALYST CONSENSUS OF FY18 GDV 7BN — 8BNStrong growth expected to continue with FY18 supported by astrong pipeline of opportunities across all regions supported byanalyst consensus of GDV ranging 7bn - 8bnACQUISITIONS PERFORMANCE ABOVE INVESTMENT CASENorth America businesses, acquired 1st June 2016, exceededinvestment case in first full year of EML ownership.13

FINANCIAL OVERVIEWGROUP FINANCIALSPROFIT & LOSSSalary Packaging successfully launchedin Australia on 1 July 2017Growth in Australia excludes any material impact from the key newvertical of Salary Packaging which successfully launched on 1 July 2017.Depreciated and amortisation expenseprimarily relates to intangible assets recognisedin accordance with AASB3 on acquisition ofEML Europe and EML North America.Share options expense of 5.3mIncludes 3.98m related to performance and retention of grantsin connection with the North America and European acquisitions.EML Payments Results Presentation 2017Eliminating the impact of adverse movementsin exchange rates would have seen an EBTDAhigher by 1.1m or 8%In local currency European EBTDAexceeded PY by 19%Europe negatively impacted by strengthening of AUD/GBPexchange rate following Brexit.USD exchange rates have weakened relativeto the AUD early in FY18 which could impactEBTDA by approximately 1.0m if rates remainat current levels14

FINANCIAL OVERVIEWGROUP FINANCIALSPROFIT & LOSSBreakage comprised 52% of revenue, up from 43% in the prior year,largely due to the acquisition of EML North AmericaBreakage was 59% of revenues in the 1HFY17, so breakage hasdeclined as a percentage of revenue as Reloadable and B2B VirtualPayments increasedInterchange revenues increased from 10% to 17% of total revenues,driven by Reloadable and B2B Virtual Payments3%EML Payments Results Presentation 201715%17%52%FY2017EML expect that breakage will decline as a percentage of revenueto approximately 40% of total revenues in FY18Revenue streams increasingly diversified in Australia, continuedprogress in Europe & North America following launch of Reloadableprograms in FY17.6%11%43%FY201626%17%10%Establishment incomeTransaction Fee RevenueInterchange FeeBreakageOtherEstablishment incomeTransaction Fee RevenueInterchange FeeBreakageOther15

FINANCIAL OVERVIEWGROUP FINANCIALSPROFIT & LOSSGross Profit MarginOverheads as a % of revenue76.3%51.3%on PCPDown on PCP due to large B2B Virtual Payments contracts forprocessing only in North America and lower margin establishmentfees in Australia related to Salary Packaging vertical.(AUD’ 0208%9%400Improved 5.2% to 51.3% in FY17 as the group continues to seeleverage on its growing scale(%)605.2%ReloadableNon-ReloadableB2B Virtual PaymentsOther GPGross Profit MarginEML Payments Results Presentation 2017AustraliaEuropeAmericaEmployee EntitlementsProfessional FeesOffice ManagementICTTravel & AccomodationOtherEmployee EntitlementsProfessional FeesOffice ManagementICTTravel & AccomodationOther16

FINANCIAL OVERVIEWGROUP FINANCIALS 14.5mPROFIT & LOSS189%Another record year as EBTDA improved 189% to 14.5m withimproving EBTDA margin reflecting leverage on group scale(AUD’ millions)(%)163014125108-206EML Payments Results Presentation 2017-450-2-70FY2017FY2016-4FY2015In the absence of material year on year changes inNon-Reloadable GDV, the Group does not expect therewill be a material impact on earnings.2FY2014The new accounting standard confirms the Group accountingpolicy of accruing breakage revenue for expected residual fundson card expiry.4FY2013The Group expects to adopt AASB15 –Revenue from Contracts with Customers in FY19.17

FINANCIAL OVERVIEWGROUP FINANCIALSCURRENCYThe Group operates in 13 countriesthrough four reporting currencies(AUD, GBP, USD & CAD)Exchange rates moved adversely inthe year, at constant FY16 exchangerates the Group’s FY17 results wouldhave been approx. 3.2m of Revenueor 1.1m of EBTDA higher thanreportedThe region most impacted wasour European operations followingthe ‘Brexit’ vote and the resultingweakening of Sterling.At constant FY16 exchange ratesthe European operations EBTDAresult would have exceeded the priorcomparative period.EML Payments Results Presentation 201718