(1)Total assets under management as at 30 June 2023.
(2)Includes PRS38, priced 30 August 2023, settled 7 September 2023.

Pepper Money is one of the largest nonbank lenders in the Australian mortgage and asset finance markets. It commenced business in Australia in 2001 as a provider of home loans to consumers who fall just outside the lending criteria of traditional bank and nonbank lenders. Pepper Money has subsequently broadened its Australian business activities to include the origination of prime residential mortgages, commercial real estate loans, auto and equipment finance, third-party loan servicing and broker servicing. Pepper Money has also expanded into the origination of residential mortgages in New Zealand.

The core segments which Pepper Money operates in are:
•Mortgages: financing residential home loans and small balance commercial real estate loans.

•Asset finance: financing a range of asset types for consumer and commercial customers.

•Loan and other servicing: loan servicing for mortgages and personal loans, and broker administration servicing.

Pepper Money’s operating model combines risk-based credit underwriting expertise with customer-focused operations, servicing, and collections management. Together, these deliver strong performance in the lending and servicing businesses across multiple asset classes. At 30 June 2023, Pepper Money had A$18.9 billion of assets under management.

After completing a corporate restructure to demerge the Australian, New Zealand and Manila operations from the rest of Pepper Global Group, Pepper Money converted to a public 1,000 company and listed on the ASX on 25 May 2021. Pepper Group ANZ Holdco Limited, part of Pepper Global Group, retained 60.6% of the share capital of Pepper Money.

Pepper Money’s debt funding strategy provides ongoing, efficient funding to support growth and to manage periods of market disruption. The funding approach is designed to deliver:

• Access to efficient, scalable funding, enabling Pepper Money to support forecast growth in lending volume.
• Access to loan eligibility criteria across its funding facilities, enabling Pepper Money to meet the needs of a wide range of loan customers and capitalise on market opportunities.
• Capability to originate through economic and market cycles, enabling Pepper Money better to serve the evolving needs of its loan customers and distribution partners through a range of market conditions.
• Stability of funding, supported by diversity across multiple financiers, markets, currencies, funding structures and facilities.

Pepper Money’s approach to securitised debt funding is to be a programmatic issuer in benchmark size into a globally diversified investor base, across a number of asset classes. As part of this strategy, Pepper Money issues a variety of tenors, currencies and repayment formats. The company began issuing securitisation deals in 2003 and has a 100% track record of calling every deal at the first available call date. Since 2003 to 31 August 2023, the company has completed 60 public securitisations raising more than A$37.9 billion.

Pepper Money operates a proactive engagement model with its global investor base. This includes face-to-face and other forms of one-on-one engagement to provide the current and prospective investor base the opportunity to discuss all relevant topics. These include updates on corporate strategy, an indication of the issuance pipeline for the next 12-18 months and any new asset classes or platforms that will be coming to market. This is augmented with deal-specific roadshows when required.

Pepper Money issues Australian RMBS from three public platforms: Pepper Prime, Pepper Residential Securities (PRS) and Pepper Social Trust. It issues ABS through its SPARKZ platform.

Anthony Moir Treasurer +61 402 077 903 This email address is being protected from spambots. You need JavaScript enabled to view it.
Steven Fischer Deputy Australian Treasurer +61 413 782 557 This email address is being protected from spambots. You need JavaScript enabled to view it.

www.pepper.com.au