Slides
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ANNUALSHAREHOLDERS’MEETING25 September 2026
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Board of Directors & Senior Management Michael StiassnyIndependent DirectorChairGordon ShawIndependentDirectorAngus GuerinCFODavid (Yusuke) SenaCEO | Co-FounderExecutive Director22 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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Questions 32 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Shareholder & proxyholderQ&A participationWritten questionsQuestions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&Atab on the right half of your screen at anytime. Type your question into the field and press submit. Your question will be immediately submitted.HelpThe Q&Atab can also be used for immediate help. If you need assistance, please submit your query in the same manner as typing a question and a Computershare representative will respond to you directly.
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Voting process 42 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Shareholder & proxyholder votingOnce the voting has been opened, the resolutions and voting options will allow voting.To vote, simply click on the Votetab, and select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each resolution.Your vote has been cast when the tick appears. To change your vote, select Change Your Vote.
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2026 Agenda 52 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Chairman’s AddressOperational UpdateResolutions General Business+ Q&A1. 2. 3. 4.Michael StiassnyChairAngus GuerinCFO
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6 CHAIRMAN’SADDRESS 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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OPERATIONALUPDATE 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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$81.7Mdown 0.3% from $82.0mRevenue and income up from 6.03 cps down $2.5m from $6.7mUnchanged from 7cpsOperating cash flowGross dividenddown 3% from $3.3m$3.2MNPAT Underlying EPS6.14 CPS7 CPS $4.2M 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATIONContribution margin $17.4Mdown 2% from $17.8m Gross margin21.3%down 0.4 percentage points from 21.7% 8 FY26 summary
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A year of two halves 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION9 Q1Q2 Q3Q4 Qtr. end OCRNPAT (m) CCS costs (m)* 3.25%3.00%2.25%2.25%$0.4$0.2$0.5$0.8$1.1$1.1 $0.3$0.6 *Clean Car Standard costs shown represent amounts recognised in cost of goods sold as the related vehicles are sold. Recognition may therefore occur in a different period from importation or payment.
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FY26 Market dynamics Cost of livingImmigration2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION10 Carbon taxForeign exchange Interest rates
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2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Stabilising footprint New, larger Wellington branch opened Dedicated vehicle refurbishment hub secured Underperforming branches closed in New Lynn, Westgate and Palmerston North Henderson branch openedSylvia Park matures into flagship locationPenrose branch to close with volume absorbed into Sylvia Park & Henderson Standardising the look and feel of all branches 11 10 branches as of 1stOctober
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122 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Operational initiatives Continuously optimising the balance between in-house and outsourced servicesNew digital tools providing real-time visibility over stock, operational output and potential bottlenecksMaintaining increased direct purchasing through Japanese subsidiary (Car Plus KK)Reconfiguration of Auckland hub to improve flow and refurbishment speed AI
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13 Upweighted in-house capability Consistencyacross all platforms Expanded reachNew brand campaign Building the 2 Cheap Cars brand 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION14 FY27 YTD updateUnaudited - five months ended 31 August 2026 Vehicles sold3,010down 2% from 3,058Revenue$35.1Mup 5% from $33.4m39%up 8 percentage points from 31%Operating cashflow$1.5MFlat vs $1.5mFinance penetration NPAT$2.3MUp $1.5m from $0.8mGross margin25%up 6 percentage points from 19%
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15 FY27 Outlook Better utilisation of optimised existing footprint.Launch of a new brand campaignStronger use of AI to improve pricing, stock selection and operational efficiencyExplore further footprint expansion Consumer demand remains subdued and price sensitiveClean Car Standard charges, while significantly lower than FY26, continue to impact marginsStrong competition for quality Japanese stock Increasing regulatory and conduct requirements across finance and insuranceCompetition from low cost Chinese new cars OpportunitiesChallenges 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION AI
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16 RESOLUTIONS 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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17 Shareholder resolution 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION 1.That the Board be authorised to fix the Auditor’s fees and expenses.
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18 Proxy voting results *Votes cast by a shareholder who abstains on an item are not counted in the calculation of the required majority. 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION Abstain*DiscretionaryAgainstForResolution6,570408,9788,97536,356,594That the Board be authorisedto fix the Auditor’s fees and expenses.
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Q&A 19 GENERALBUSINESS 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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20 THANK YOU 2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION
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21 Important notice & disclaimerThis presentation is given on behalf of 2 Cheap Cars Group Ltd (2CC) (NZX:2CC). Information in this presentation is for general information purposes only and is not an offer or invitation for subscription or purchase of, or a recommendation to invest in 2CC securities.The presentation should be read in conjunction with, and is subject to, 2CC’s latest set of financial statements for the period ended 31 March 2026, and other market releases and information released on the NZX.The presentation includes forward looking statements about 2CC and the environment that it operates in, which are subject to uncertainties outside of 2CC’s control. 2CC’s results or performance may varyfrom these statements. Also included are statements relating to past performance, which should not be regarded as a reliable indicator of future performance.The presentation may contain information from third parties believed to be reliable, but no representations or warranties are made as to the accuracy or completeness of such information.Non-GAAP and non-IFRS measures are used by management and the Board believe they provide useful information for readers to assist in the understanding of 2CC’s financial performance.Non-GAAP and non-IFRS measures do not have a standardised meaning prescribed by GAAP andshould not be viewed in isolation or be considered substitutes for measures reported inaccordance with NZ IFRS. Further, they may not be comparable to similar financial information presented by other entities. These measures have not been independently audited or reviewed.•Numbers related to FY27 to 31 August 2026 are unaudited.•All currency amounts are presented in NZ dollars, unless otherwise stated.•Authorised for release by the Board of Directors.2 CHEAP CARS GROUP LIMITED | 2026 ASM PRESENTATION