RESULTS FOR SIX MONTHS ENDED 30 JUNE 2016 · • Net debt/EBITDA at 2.9x at 30 June 2016 (proforma 3.0x at 31 December 2015) reflecting strong cash flow • Deleveraging progress

30 JUNE 2016

RESULTS FOR SIX MONTHS ENDED

| Equiniti Group plc 20162

This presentation may contain ‘forward-lookingstatements’ with respect to certain of the Group’splans and its current goals and expectationsrelating to its future financial performancecondition, performance, results, strategic initiativesand objectives. Generally, words such as “may”,“could”, “will”, “expect”, “intend”, “estimate”,“anticipate”, “aim”, “outlook”, “believe”, “plan”,“seek”, “continue” or similar expressions identify‘forward-looking statements’.

These forward-looking statements involve risk anduncertainty because they relate to future eventsand circumstances which are beyond the Group’scontrol, including amongst other things, UKdomestic and global economic business conditions,market-related risks such as fluctuation in interestrates, the policies and actions of regulatoryauthorities, the impact of competition, inflation,deflation, the timing impact and otheruncertainties of future acquisitions or combinationswithin relevant industries, as well as the impact oftax and other legislation or regulations in thejurisdictions in which the Group operates.

As a result, the Group’s actual future financialcondition, performance and results may differmaterially from the plans, goals and expectationsset forth in the Group’s forward-lookingstatements.

Forward-looking statements in this presentation arecurrently only as of the date on which suchstatements are made. The Group undertakes noobligation to update any forward-lookingstatements, save in respect of any requirementunder applicable law or regulation. Nothing in thepresentation should be construed as a profitforecast.

DISCLAIMER

Agenda

01INTRODUCTION & KEY HIGHLIGHTS

GUY WAKELEY

02FINANCIAL

RESULTS

JOHN STIER

03OPERATIONAL &

STRATEGIC REVIEW

GUY WAKELEY

04SUMMARY &

OUTLOOK

GUY WAKELEY


05Q & A

Key Highlights

REVENUE £191.9m +5.9%

ORGANIC GROWTH 4.3%Full year

guidance maintained

EBITDA £41.2m +7.0%

FREE CASH FLOW TO EQUITY HOLDERS £18.5m + 134.2%

LEVERAGE 2.9xReduced from proforma

3.0x at 31.12.15

Dividend 1.64p In line with stated dividend policy


H1 2016 KEY HIGHLIGHTS – DELIVERING ON OUR COMMITMENTS

REVENUE VISIBILITY SUPPORTS MAINTENANCE OF FULL YEAR GUIDANCE


↓ Slowing in Pensions & MyCSP, although structural growth remains

↓ Market sentiment suppression of dealing volumes

↓ Uncertain balance between IPOs and M&A activity

POSITIVES CHALLENGES

H1 2016 – KEY TRENDS

↑ Compliance and regulation continue to drive growth

↑ Strong demand in employee share plans and international payments

↑ Corporate activity, e.g. Royal Dutch Shell takeover of BG Group

↑ Integration of acquisitions

↑ Further progress in offshoring

Business fundamentals remain sound

BUSINESS FUNDAMENTALS REMAIN SOUND


OPPORTUNITIES

BREXIT PERSPECTIVES

↑ Inbound UK M&A activity

↑ Increased demand for Reg Tech solutions

↑ Government focus on personal savings agenda

INCREASED UNCERTAINTY… BUT… FUNDAMENTALS STRONG WITH OVERALL GROWTH AND GUIDANCE FOR FY 2016 REMAINS UNCHANGED

↑ Sole UK focus

↑ Non-discretionary long-term revenue model

↑ Focus on complex regulated markets

↑ Increased order intake from technology services

↑ Small exposure to government

DEFENCESCHALLENGES

↓ Interest rate reduction Largely hedged 25bps drop has £2-3m impact

↓ Retail investor sentiment Already in run-rate Some uptick evident

↓ New IPO Issuance No material impact in year Market share increased


FinancialResults


ReportedH1 2016

Reported*H1 2015

ReportedChange %

Organic Change %

REVENUE (£m)Investment SolutionsIntelligent SolutionsPension SolutionsInterest Income

62.158.465.6

5.8

56.249.572.0

3.5

10.518.0(8.9)65.7

8.015.0(8.9)

Equiniti Group 191.9 181.2 5.9 4.3

EBITDA prior to exceptional items (£m)Investment SolutionsIntelligent SolutionsPension SolutionsInterest IncomeCentral Costs

18.112.811.0

5.8(6.5)

15.610.314.0

3.5(4.9)

16.024.3

(21.4)65.732.7

Equiniti Group 41.2 38.5 7.0

EBITDA margin prior to exceptional items (%)Investment SolutionsIntelligent SolutionsPension Solutions

29.121.916.8

27.820.819.4

1.31.1

(2.6)

Equiniti Group 21.5 21.2 0.3

*Company Secretariat business transferred from Investment Solutions to Intelligent Solutions (£1.6m revenue, £0.1m EBITDA)

DELIVERING ON OUR FINANCIAL COMMITMENTS


ReportedH1 2016

Reported*H1 2015

ReportedChange %

Organic Change %

Revenue (£m) 62.1 56.2 10.5 8.0

EBITDA prior to exceptional items (£m) 18.1 15.6 16.0

EBITDA margin prior to exceptional items (%) 29.1 27.8 1.3

• Revenue and EBITDA progress driven by strong organic growth

• Margins progressed due to corporate actions, project work and offshoring progress

• Corporate actions revenue increased to £5.6m (2015: £1.3m); delivered majority of FY 2016 target

• Good performance across all service lines– Registration Services – New mandates, e.g. Metro Bank, Joules, Time Out– Investment Services – Strong growth in international payments offset by slowing trading volumes– Employee Services – Continued growth in SAYE and SIP schemes


INVESTMENT SOLUTIONS


ReportedH1 2016

Reported*H1 2015

ReportedChange %

Organic Change %

Revenue (£m) 58.4 49.5 18.0 15.0

EBITDA prior to exceptional items (£m) 12.8 10.3 24.3

EBITDA margin prior to exceptional items (%) 21.9 20.8 1.1

• Strong organic revenue growth driven by increase in remediation services and technology sales

• Continued growth in software business and focus on cost base, strengthening margins

• Decline in PPI more than offset by growth in rest of business underpinned by regulation


INTELLIGENT SOLUTIONS


ReportedH1 2016

ReportedH1 2015

ReportedChange %

Organic Change %

Revenue (£m) 65.6 72.0 (8.9) (8.9)

EBITDA prior to exceptional items (£m) 11.0 14.0 (21.4)

EBITDA margin prior to exceptional items (%) 16.8 19.4 (2.6)

• Revenue and EBITDA declined as expected due to MyCSP concluding the roll-out of software to the Civil Service

• New client wins, e.g. first generation life & pensions outsourcing contract with Retirement Advantage

PENSION SOLUTIONS


£mReportedH1 2016

Reported H1 2015

Exceptional Items (2.4) (4.5)

Interest Income 5.8 3.5

Central Costs (6.5) (4.9)

• Continued reduction in exceptional items in line with guidance – broadly halved in the period– Costs incurred as we conclude the roll-out of our offshore model and build scale in Chennai

• Interest revenue increased due to:– Higher cash balances – Benefit of fixed rates until August 2018, underpinning ⅔ of interest receivable

• Higher central costs due to:– Plc infrastructure and share plans– Investment in growth, particularly our sales function– Strengthening our compliance and risk functions

EXCEPTIONAL ITEMS/INTEREST INCOME/CENTRAL COSTS


£m H1 2016 H1 2015 Change %

Revenue 191.9 181.2 5.9

EBITDA prior to exceptional itemsDepreciationAmortisation – softwareNet finance expense - proforma

41.2(2.5)(8.3)(6.5)

38.5(2.1)(8.8)(6.4)

7.019.0(5.7)

1.6

Normalised PBTCash tax of 15%

23.9(3.6)

21.2(3.2)

12.712.5

Normalised PATNon controlling interest

20.3(0.9)

18.0(3.2)

12.8(71.9)

Normalised profit attributable to ordinary shareholders 19.4 14.8 31.1

Normalised earnings per share (pence) 6.5 4.9 32.7

Proforma results adjust for IPO related costs and our ongoing funding structureNormalised profit excludes exceptional items and amortisation of acquisition related intangible assets and includes finance expenses on a proforma basis

GROUP NORMALISED PROFIT


• Interest payable rates fixed at 3% to October 2018

£mReported

H1 2016Reported

H1 2015

EBITDA (prior to exceptional items)Working capital movement

41.2(3.0)

38.51.1

Free cash flowCash flow conversion (%)Exceptional itemsCapital expenditureNet interest costsTaxes paidOther

38.293

(2.8)(10.5)

(5.0)(1.2)(0.2)

39.6103

(5.5)(8.3)

(16.7)(0.9)(0.3)

Free cash flow to equity holders 18.5 7.9

Net change in borrowingsIPO related costsInvestment in current year acquisitionsPayment of deferred considerationDividends paid

(6.0)(18.3)(12.1)

(0.4)(5.3)

15.0-

(17.6)(3.7)(2.0)

Net cash movement (23.6) (0.4)

CASH FLOW STATEMENT


• Continued reduction in leverage

• Net debt/EBITDA at 2.9x at 30 June 2016 (proforma 3.0x at 31 December 2015) reflecting strong cash flow

• Deleveraging progress in H1 slowed by– Seasonality of business– Payment of £18.3m of IPO costs in H1 2016– £12.5m spent on acquisitions

• Moving towards our medium term net debt/EBITDA target 2.0 – 2.5x

£mReportedH1 2016

ProformaFY 2015

ReportedH1 2015

Cash and cash equivalents (52.9) (58.2) (29.6)

Senior debt 250.0 250.0 440.0

Revolving credit facility 64.0 70.0 60.5

Other 0.6 0.9 0.4

Net debt 261.7 262.7 471.3

Net debt/EBITDA 2.9x 3.0x 5.5x

LEVERAGE

Operational & strategic review


GROUP STRATEGY

1 2 3 4 5

Grow sales to existing

clients

Win new B2B Clients

Develop & acquire new capabilities

Operating leverage

Reinvest strong cash

flows

5% organic growth2% acquisitive

growth25 BPS per

annum

c5% revenue reinvested in

CAPEX

Regulated platforms for FTSE 350 clients


REGULATION & COMPLIANCE

DIGITISATION CLIENT COST PRESSURE

• Challenges around anti money laundering and know your customer

• Increasing remediation, particularly financial services

• Pensions regulation changes

• Savings - Increase in SAYE limits

• Increased demand for online and mobile

• Importance of customer experience

• Pressure of shorter product life cycles

• Burden of legacy technology

• Low interest rates

• Low GDP growth

• Pressure to reduce operating costs

DRIVERS OF GROWTH

DRIVERS FOR SMART TECHNOLOGY SOLUTIONS


• Major client retention remains at 100%

• Revenue from key accounts increased by 12%

• Revenue visibility >90% for 2016 and >80% for 2017

• Renewed/extended relationships– Barclays, Cemex, Royal Dutch Shell, Severn Trent, Telent, Tesco

• Complaints management software– HSBC, TSB

• Asset reunification – Santander, Royal Dutch Shell

• New mandates– Metro Bank, Joules, Time Out, Draper Esprit, Ascential

• New share registration clients, e.g.– Domino’s Pizza

• First generation life & pensions outsourcing contract– Retirement Advantage

DELIVERING RESULTS

1

Grow sales to existing clients

2

Win new B2B Clients


• Cash flow conversion of 93%

• Continued investment in the business with capex at 5.5% of revenue

• Continued reduction in leverage due to strong cash conversion

• Utilisation of tax assets

• Interest charge fixed to 2018

• Increased scale in Chennai – c550 people from c390 at 31.12.15– Supporting IT, BPO, Sales & Marketing, Finance, HR and Payroll

• Continued focus on procurement and property rationalisation

• RiskFactor (HSBC)

• KYCnet (Deutsche Bank)

• First Digital AGM (Jimmy Choo)

• First employee engagement via augmented reality (DS Smith)

DELIVERING RESULTS

3

4

5

Develop & acquire new capabilities

Operating leverage

Reinvest strong cash flows

PROGRESSIVE DIVIDEND POLICY DISTRIBUTING 30% OF NORMALISED PROFIT TO ORDINARY SHAREHOLDERS


• UK based provider of credit decisioning and risk profiling software for commercial lending

• Deep client relationships• Broad applicability across lending

products• Complements our other ‘conduct

risk’ capabilities within the Intelligent Solutions division

• Cutting edge workflow technology for on-boarding and monitoring of commercial and retail clients

• Multi-tenanted technology operates as a SaaS, on-premise or managed service

• Broad applicability across financial services as well as retail, travel, legal services

Q1 2016 TWO ACQUISITIONS IN FINANCIAL SERVICES TECHNOLOGY

Fully integrated and contributing to growth

Q3 2016 ADDING TO TECHNOLOGICAL CAPABILITIES

Acquisition in Intelligent Solutions

• Digital services technology provider• Provider of large-scale digital case

management solutions• Clients include HM Passport Office, Ofsted

and Heritage Lottery fund• Digitisation of customer services provides

cross-sell opportunity to existing clients

NEW CAPABILITIES IN COMPLIANCE FOR FINANCIAL SERVICES

CONTRIBUTES TO GUIDANCE OF ACQUISITION GROWTH OF 2% PER ANNUM


FOR EQUINITI WEALTH SOLUTIONS – JUNE 2016

TECHNOLOGY INNOVATION OF THE YEAR – MAY 2016

BEST SHARE REGISTRAR –APRIL 2016

No 1. PENSION ADMINISTRATION PLATFORM BY IN-HOUSE TEAMS – MARCH 2016

PENSIONS TECHNOLOGY FIRM OF THE YEAR – FEBRUARY 2016

AWARD-WINNING TECHNOLOGY

Summary & Outlook

SUMMARY & OUTLOOK

• Strong set of results with guidance maintained

• Revenue and margin progression

• Strong cash conversion drives further deleveraging

• Well placed to deliver in line with full year expectations


Q&A


Equiniti is a leading provider of technology and solutionsfor complex and regulated administration, serving

blue-chip enterprises and public sector organisations

Appendix

27 | Equiniti Group plc 2016

FY 2015 REVENUE SHARE1

INV

ESTM

ENT

SOLU

TIO

NS

REGISTRATION SERVICES

Registration

Shareholder services

Corporate actions and dividends

EMPLOYEESERVICES

Employee benefit schemes

Employee share plans

INVESTMENTSERVICES

Retail investor services

Executive share dealing

Wealth management solutions

White label share dealing

International paymentsBn

PENSION SOLUTIONS

Pension administration to public and private sectors

Pension administration software

Data analytics

INTELLIGENTSOLUTIONS

Loan administration

Enterprise workflow & case management

Data analytics

Market Pos.

27%

38%

32%

#1

#1

#4

#2

EST. Market SHARE

50%

25%

7%

15%#1

#4 10%

Key services

FTSE 100 REGISTERS

PUBLIC SECTOR

COMPLAINTS, CASE MANAGEMENT,

AND REGULATORY SERVICES

Technology-led

End-user Engagement

Data-driven

Payments Processing

Regulated, Embedded Processes

Source: Management information, management estimates1 Interest income accounts for 3% of FY 2015 revenue

28 | Equiniti Group plc 2016

WHAT WE DO


SCALE PROVIDER OF SOLUTIONS TO LARGE CORPORATES AND GOVERNMENT, FACILITATING MIDDLE-OFFICE INTERACTIONS WITH THEIR EMPLOYEES, SHAREHOLDERS, CUSTOMERS AND CITIZENS

Source: Management information1Marketing rights to c. 4m further known individuals through Corporate Sponsored Nominee and Club Together

OUR KEY ASSETS

Thank You

Documents

RESULTS FOR SIX MONTHS ENDED 30 JUNE 2016 · • Net debt/EBITDA at 2.9x at 30 June 2016 (proforma 3.0x at 31 December 2015) reflecting strong cash flow • Deleveraging progress