Announcement PDF ASX CEO Connect 4 March 2025 Agenda 1 Corporate profile { 2 Strategy { 3 Summary { 2 Corporate profile 1 3 Corporate profile1 MyState Limited is a provider of banking, equipment financing, trustee and funds management services to over 270,000 customers across Australia through its retail brands – MyState Bank, Auswide Bank, Selfco and TPT Wealth Ratings MyState Limited MyState Bank Auswide Bank MyState listed on the ASX in 2009 and is in the ASX 300. Moody’s Baa3 Baa2 Baa2 Fitch BBB+ BBB+ BBB+ MyState has a market capitalisation of c. $700m2 and a shareholder base of approximately 65,000. Total pro forma operating income for the half year ended 31 December 2024 was $118m. Banking Banking Equipment Financing Wealth Lending | Deposits | Transactions Lending | Deposits | Transactions Lending Funds management | Trustee services 1. Effective 19 February 2025 2. Market capitalisation as at 21 February 2025 based on closing MyState share price ($4.16) 4 Business snapshot1 $12.7b $9.9b $0.98b 15.8% Gross loans Deposits Funds under management Total capital 5.1% 270,000+ 23 Dividend yield2 Customers Branches 650 Employees +55 MyState Net Promoter Score | High, stable level of customer advocacy 1. Based on 1H25 pro forma underlying financials 2. Based on 1H25 Interim dividend (annualised) / MyState closing share price ($4.16) as at 21 February 2025 5 Supporting the community Community investment Over 20 years of making a genuine difference to young Tasmanians, through over $2.5m in grants provided to { not-for-profit organisations. Tasmania JackJumpers Principal partner of the Tasmania JackJumpers helping make genuine community connections all around{Tasmania. MyState Bank Arena Naming rights sponsorship of the home of entertainment and sport in Tasmania. { Actively supporting financial education, local Queensland community initiatives and young Australian athletes. 6 Strategy 2 7 MyState’s strategy Our ambition is to profitably grow our share in deposits, home and commercial lending and funds under management. Sustainable, profitable growth. Spending Saving Borrowing Investing Wealth transfer Transaction accounts Savings accounts Term deposits Home lending Investment lending Commercial lending Equipment Finance Income funds Wills & estate planning Charitable trusts Our people and values underpin our strategy Create customer ‘wow’ | Chase the better | Collaborate to win Our award winning products assist our customers and clients at all stages of life. 8 Key strategic initiatives Group Bank Optimisation + regulatory Synergy realisation Delivered merger with Auswide New digital capability Regulatory compliance Partnerships Loan origination platform Equipment finance Operating efficiency program 9 9 Shareholder value creation from the merger Annual pre-tax cost synergies of $20m - $25m achieved over a three-year period. Pre-tax synergy run-rate benefits of $20m to $25m Indicative synergy breakdown • Committed to a cohesive integration, leveraging the strengths of both organisations Governance & people Technology c. $12-15m c. $6-7m • Governance & people synergies to be largely achieved through removal of duplicated Board and Executive roles, natural staff turnover, redundancies and duplicate service providers • More than 50% of full run-rate synergies expected in the first 18 months post completion • No change to branch footprint due to the merger Potential additional upside from: Other c. $2-3m • Executing on profitable growth opportunities • Capturing value from greater purchasing power 10 Summary 3 11 Why MyState? 1. 2. Strongly capitalised providing{ capacity for growth Double digit EPS growth { full merger run based on rate synergies1 5.1% dividend yield2, fully { franked Proven management team { The merger with Auswide is expected to deliver pre-tax cost synergies of between $20m to $25m per annum by the end of FY27 and the merged business is expected to be EPS accretive on a post synergies run rate basis (excluding integration and transaction costs) from FY26 Based on 1H25 Interim dividend (annualised) / MyState closing share price ($4.16) as at 21 February 2025 12 12 Disclaimer Summary information The material in this Presentation is general background information about MyState Limited (ABN 26 133 623 962) and its activities current as at the date of this Presentation. The information is given in summary form and does not purport to be complete or comprehensive. It should be read in conjunction with MyState’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. Not an offer Nothing in this Presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell MyState securities. It is for information purposes only. Not financial product advice This Presentation is for general information purposes only. It is not financial product advice and should not be relied upon for investment purposes. It has been prepared without taking into account any investor’s objectives, financial position, situation or needs. It does not purport to summarise all information that an investor should consider when making an investment decision. Therefore, before making an investment decision, investors should consider the appropriateness of the information in this Presentation and have regard to their own objectives, financial situation and needs. Investors should seek such financial, legal or tax advice as they deem necessary or consider appropriate. MyState is not licensed to provide financial product advice in relation to the offer of shares. Financial information All information in this Presentation is in Australian dollars ($) unless stated otherwise. A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation and totals may vary slightly due to rounding. All references to financial years (FY) appearing in this Presentation are to the financial years ended on 30 June of the indicated year. All figures are presented on an accruals basis unless otherwise stated. Past performance not indicative of future performance Past performance information, including past share price information, should not be relied upon as (and is not) an indication of future performance. To the extent that such information is included in this Presentation, it is given for illustrative purposes only. Forward looking statements This Presentation may contain “forward-looking” statements including statements regarding MyState’s intent, belief or current expectations with respect to their business operations, market conditions, results of operations, financial conditions, and risk management practices. Forwardlooking statements can generally be identified by the use of forward-looking words such as “anticipated”, “expected”, “aim”, “predict”, “projections”, “guidance”, “forecast”, “estimates”, “could”, “may”, “target”, “consider”, “will”, “believe”, “schedule”, “seek” and other similar expressions. Indications of, and guidance on, future earnings, financial performance, and financial position are also forward looking statements . Forward looking statements, opinions and estimates are based on assumptions, information and contingencies at the time of this Presentation and are subject to certain risks uncertainties and change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, indications or guidance on future earnings or financial position and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, there can be no assurance that actual outcomes will not differ materially from these statements. To the fullest extent permitted by law, MyState and its directors, officers, employees, advisers, agents and intermediaries take no responsibility for the accuracy or completeness of any forward-looking statements, whether as a result of new information, future events or results or otherwise. MyState does not undertake to release any updates or revisions to the forwardlooking information contained in this document. 13