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For personal use only

CREDIBLE LABS INC. (ASX:CRD)

FY 2018 Full Year Financial Results

28th February 2019

Presented by: Stephen Dash ? CEO Chris Bishko ? CFO

For personal use only

Disclaimer

This document dated 28th February 2019 has been prepared by Credible Labs, Inc (ARBN 621 866 813) (Credible or Company) and is provided for information purposes only. It contains summary information about the Company and its activities and is current as at the date of this document. It should be read in conjunction with the Company's periodic and continuous disclosure announcements filed with the Australian Securities Exchange, available at .au.

This document does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the Company nor does it constitute financial product advice. This document is not a prospectus, product disclosure statement or other offer document under Australian law or under any other law. This document has not been filed, registered or approved by regulatory authorities in any jurisdiction.

The information contained in this document is not intended to be relied upon as advice or a recommendation to investors and does not take into account the investment objectives, financial situation, taxation situation or needs of any particular investor. An investor must not act on the basis of any matter contained in this document but must make its own assessment of the Company and conduct its own investigations and analysis. Investors should assess their own individual financial circumstances and consider talking to a financial adviser, professional adviser or consultant before making any investment decision. Past performance is no guarantee of future performance.

By reading this document you agree to be bound by the limitations set out in this document. No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this document. To the maximum extent permitted by law, none of the Company and its related bodies corporate, or their respective directors, employees or agents, nor any other person accepts liability for any loss arising from the use of this document or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence.

This document may contain forward-looking statements including statements regarding our intent, belief or current expectations with respect to the Company's business and operations, market conditions, results of operations and financial condition, specific provisions and risk management practices. When used in this document, the words 'plan', 'will', 'anticipant', 'expect', 'may', 'should' and similar expressions, as they relate to the Company and its management, are intended to identify forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and assumptions and other important factors that could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document.

Investors should note that this document may contain unaudited financial information for Credible that has been prepared by Credible management. Credible's results are reported under International Financial Reporting Standards (IFRS). Investors should be aware that certain financial data included in this presentation including CLV is "non-IFRS financial information" under Regulatory Guide 230 (Disclosing non-IFRS financial information) published by ASIC or "non-GAAP financial measures" within the meaning of Regulation G of the US Securities Exchange Act of 1934.

All values are stated in U.S. dollars unless otherwise stated.

CREDIBLE | 2018 FULL YEAR FINANCIAL RESULTS

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FY 2018 Key Highlights (US Dollars)

For personal use only

RECORD CLOSED LOAN VOLUME ("CLV")

STRONG FINANCIAL PERFORMANCE

HEALTHY MARKETPLACE DYNAMICS

$1.1bn in FY 2018 and $368mn in Q4 2018

? +40% annual growth over FY 2017 ? +108% y-o-y growth in Q4

Solid revenue and margin growth with significant momentum in H2

? $26.4mn in revenue (+34% growth) ? $6.8mn gross profit (26% margin)

Continued progress against stated strategic goals

? Repositioned toward scalable partnership channels (~3x growth1)

? Scaled personal loans marketplace and diversified lender mix

ACCELERATED MORTGAGE LAUNCH

DEMONSTRATED PLATFORM STRONG CASH POSITION SCALABILITY

Launched 6 months ahead of schedule

? Licensed in 34 states as at Dec-18 ? 6 lenders (including 4 of top 10)

Substantially scaled CLV with only modest additional investment

? +150% increase in # closed loans2 ? Modest increase in headcount (22%2)

and operating expense (22%2) during the year

$29.6mn in cash and cash-like resources3

? Significant resources to continue to invest in growth activities

1. CLV from Credible's partner channel almost tripled between Q4 2017 and Q4 2018 (+175% growth) 2. Loans originated related to Q4 2018 vs Q4 2017. Headcount as at 31-Dec-18 vs 31-Dec-17. Operating Expenses relates to H2 2018 vs. H1 2018 (excluding share based payment expenses) 3. Includes investments in BBB+ or higher rated instruments with short term maturity dates of less than two years, with the majority less than one year

CREDIBLE | 2018 FULL YEAR FINANCIAL RESULTS

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CONTENTS

Section 1 Section 2 Section 3 Section 4

The Credible Platform FY 2018 Results Analysis Marketplace Health Growth Initiatives and Outlook

CREDCIRBELDEIB|LE20|1T8HEFUSTLULDYEENATRLOFIANNAMNACRIKAELTRPLEASCUELTS

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4 10 15 21

CONFIDENTIAL

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SECTION

SECTION 1

THE CREDIBLE PLATFORM

CREDIBLE | 2018 FULL YEAR FINANCIAL RESULTS

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