PRELIMINARY RESULTS FY 2023 London Stock Exchange symbol: PLUS Presented by: David Zruia, Chief Executive Officer Elad Even-Chen, Chief Financial Officer 20 February 2024 AGENDA OVERVIEW OPERATING REVIEW TECHNOLOGY FINANCIAL OVERVIEW SUMMARY & OUTLOOK OVERVIEW THE PLUS500 OF TODAY A MARKET-LEADING, DIVERSIFIED GLOBAL MULTI-ASSET FINTECH GROUP Global Multi-Asset Fintech Group OTC1 Futures Share Dealing Existing markets New markets B2C (Retail) B2B (Institutional) Existing markets New markets ’Plus500 Futures’ Clearing Execution SaaS | T4 - Trading Platform services 1. OTC – “Over-the-Counter” 4 PLUS500 BUSINESS MODEL OUR ENDURING SUCCESS IS BUILT ON STRONG FOUNDATIONS Our technology Our customer-centric approach Our leadership, people and culture Our economic model Powers our products, operations and marketing Proprietary, wholly owned, managed and operated by Plus500 Significant investment in R&D to drive continued innovation Enables a best in class mobile offering Supports our continued compliance with regulatory standards Superior back end technologies to enable scale and future growth Our agile business model Unique edge in attracting and retaining customers through multiple channels Proven business model serving customers globally for over a decade Strong brand and reputation Continued focus on customer care & protection Drives attractive ROI Technological expertise embedded across the business Highly skilled leadership team with long-standing experience in technology and financial services Strong track record in attracting and retaining the best technology talents Entrepreneurial, high performance culture 1. Customer Income - OTC Customer Income (spreads and overnight charges) and Non-OTC Customer Income (commissions from the Group's futures and options on futures operation and from 'Plus500 Invest', the Group's share dealing platform) Financial drivers Established business model, strong balance sheet, and debt-free since inception Revenue components per line of business: OTC Customer Income1 Customer Trading Performance2, to be broadly neutral over time Futures B2B – Commissions based B2C – Commissions based Share dealing Commissions based 2. Customer Trading Performance - Gains/losses on customers' trading positions 5 PLUS500’S COMPETITIVE ADVANTAGES AND DIFFERENTIATORS KEY DRIVERS SUPERIOR OFFERINGS >26M Registered Customers 60+ Countries 13 Regulatory licences globally >2,500 Financial instruments C.550 Employees worldwide >$900M Cash balances1 with no debt Proprietary technology Regulatory licences portfolio Balance sheet strength 30 Languages 4 Product categories Flexible business model Major growth opportunities Enhanced localisation 1. As at 31 December 2023 6 FY 2023 – STRONG PERFORMANCE DRIVING GROWTH AND REINFORCING OUR FINANCIAL POSITION STRONG FINANCIAL PERFORMANCE FOCUS ON HIGHER VALUE CUSTOMERS $726.2M Revenue $340.5M EBITDA1 c.$10,300 Average deposit per Active Customer $3,116 ARPU2 47% EBITDA Margin $271.4M Net Profit $1,489 AUAC3 233,037 Active Customers4 1. EBITDA - Revenue (trading Income and interest income) minus operating expenses plus depreciation and amortisation 2. ARPU – Average Revenue Per User 3. AUAC – Average User Acquisition Cost 4. Active Customers – Customers who made at least one real money trade during the period 7 ENHANCED CUSTOMER-CENTRIC APPROACH MONETISATION, ACTIVATION AND RETENTION INITIATIVES Dedicated Account Manager Best-in-class service Awareness campaign and tailored solutions 24/7 instant support (Native in 16 languages) Additional trading opportunities Drive customer retention Conversion Trust Monetisation and retention initiatives 8 ESG AT THE HEART OF OUR BUSINESS REMAINING FOCUSED ON OUR KEY ESG PRIORITIES Environment TCFD1 report embedded as part of the Annual Report Adoption of Environmental Policy Carbon negative target by 2030 Targeting more efficient data centre and server energy usage ENT M N O R I V N E SO CI A L E C A N GO V E N R People Training, learning and career development opportunities Continued commitment to equal opportunities and diversity Great focus on gender diversification across the Group Governance Customers Highly skilled, experienced and diverse Board Professor Jacob A. Frenkel as Chairman of the Board Focus on balance and diverse skill set at Board level Free unlimited demo account Customer care and protection remains a key priority Diverse range of educational tools Successful take-up of 'Trading Academy' and '+Insights’ Communities Charitable donations (monetary and in-kind) Employee volunteering 1. TCFD – Task Force on Climate-Related Financial Disclosures 9 OPERATING REVIEW DELIVERING ON LONGER TERM BUSINESS PLAN STRENGTHS TO GENERATE SUSTAINED VALUE CREATION LICENCES MEMBERSHIPS CAPITAL Highly Regulated Scarce assets Strong balance sheet to cater significant volumes STRATEGIC STAKEHOLDERS Business alliances & partnerships PLATFORMS Technology and automation oriented >$900m Own funds cash balances and no debt B2B B2C 11 PLUS500 - FUTURES BUSINESS PLUS500’S TECHNOLOGY AND FINANCIAL STRENGTH ENABLE A SUPERIOR FUTURES OFFERING Advanced trading platforms Dedicated backend solutions Competitive fee structures International agile support service Comprehensive clearing capabilities UNDERSTANDING THE FUTURES MARKET A VIEW OF HOW THE FUTURES MARKET LOOKS A C Client A Client B Client C Client D B D Introducing Broker A A B Plus500 has developed ‘Plus500 Futures’ a new US futures trading platform for retail customers Plus500 as a Clearing FCM Exchange / Clearing House The platform provides access to execute and clear trades at the desired exchanges Introducing Broker B 'Plus500 Futures’ proprietary technology facilitates innovative operational services 13 FY 2023 OPERATING OVERVIEW PROVEN ABILITY TO ATTRACT, RETAIN AND DEEPEN RELATIONSHIPS WITH HIGHER VALUE CUSTOMERS TO FOSTER INCREASED VALUE CREATION KEY OPERATIONAL DRIVERS OPERATIONAL OUTPUTS Our proprietary technology Continued investment in our people Deeper engagement with our long term, high value customers Major focus on product development 59% of OTC revenue derived from customers trading with Plus500 for over three years Customer deposits of $2.4bn, highlighting scalability and on-going customer loyalty and trust in Plus500 +87% of OTC revenue generated from mobile or tablet devices 14 PLUS500’S LONG TERM CUSTOMER LOYALTY AND RELATIONSHIPS OTC REVENUE SPLIT BY CUSTOMER TENURE 8% 4% 11% 11% 14% 6% 4% 16% 3% 10% 3% 9% 12% 23% 16% 16% 73% 53% 73% 46% 24% 66% 28% 28% 19% 17% 24% 29% 79% 44% 16% 87% 47% FY-2018 FY-2019 FY-2020 FY-2021 FY-2022 88% 29% 30% FY-2023 0-6 months 7-12 months 1-3 years 3-5 years 5+ years >1 year Long term customer relationships – a key value driver for Plus500 Product diversification enables continued customer longevity Retention initiatives including Premium Service Significant increase in longevity of Plus500’s customer base 15 DIVERSIFIED CORE PRODUCT OFFERING PLUS500’S HIGHLY ESTABLISHED PROPOSITION Wide range of asset classes enabling OTC customers to adapt their strategy Evidence of impact of OTC customer engagement initiatives % of OTC customers trading in given number of asset classes, FY 2023 6 classes 5% 7 classes 1% 5 classes 9% 1 class 31% 47% of OTC customers trading in 3 or more asset classes 4 classes 14% FY 2023 3 classes 18% 2 classes 22% Average position duration and new open positions 3,000 2,000 1,000 0 1,279 37.5 2017 2,527 41.2 2023 50 40 30 20 10 0 New Open Positions (Round & in millions) Average Position Duration (minutes) Highlights success of retention initiatives Duration increased thanks to customers’ sophistication Drove higher activity levels 16 FY 2023 KPIS BY REGION OUTSTANDING PERFORMANCE ACROSS GEOGRAPHIES 22% 13% 21% 15% 9% $2,137 10% 233,037 Active Customers 11% 90,944 New Customers1 39% $726.2M Revenue 45% $5,638 $3,116 ARPU $2,519 55% 53% 7% $2,271 UK EEA Australia Rest of World Active Customer base remains robust Record ARPU performance, thanks to Plus500's superior technological offering Strong level of New Customers 1. New Customers – Customers depositing for the first time 17 TECHNOLOGY THE BENEFITS OF DESIGNING OUR PLATFORMS FOR OUR CUSTOMERS: FOR OUR GROUP: Agile and efficient customer journey 3+ Enables stronger retention with 59% of OTC revenue derived by customers who have been trading with us for 3+ years Platform design allows us to adjust quickly to regulatory changes Strong system architecture allows greater scalability, which leads to higher trading volumes Facilitates comprehensive localisation Optimisation of our offering in line with customer preferences 19 OUR PRODUCT OFFERINGS A FOCUSED TRADING EXPERIENCE FOR CUSTOMERS SUPPORTED BY PROPRIETARY TECHNOLOGIES CRM, Marketing Machine, Retention Machine, Localisation, Education, Risk Management, Cashier TRADING PLATFORMS ACROSS OPERATING SYSTEMS Webtrader; iOS (Mobile & iPad); Android (Mobile & Tablets) 20 TRADING ACADEMY PLUS500’S PROPRIETARY TECHNOLOGY IS OUR KEY ENABLER ON-GOING INVESTMENT IN OUR TECHNOLOGY TO DRIVE FUTURE GROWTH Front-End and Back-End Systems Architecture CRM Cashier Technology Marketing Technology, AI & Big Data PLUS500 PROPRIETARY TECHNOLOGY Automated Verification Technologies Analysis Tools Risk Management Technology Plus500 products supported by highly regulated operations Enables our global multi-asset offering 21 AGILE AND EFFICIENT CUSTOMER JOURNEY SUPPORTING OUR CUSTOMERS AT EVERY STAGE OF THEIR JOURNEY Marketing technology On-boarding Payment processing Risk management MARKETING OPERATIONS PRODUCT Verification Customer service Trading solutions New product offerings In-house, tailored technological solutions, equivalent to market-leading SAAS and platform offerings 22 LEADING MOBILE OFFERING ACROSS DEVICES INNOVATIVE AND INTUITIVE PRODUCT OFFERING ACROSS MOBILE DEVICES PLUS500 CONTINUES TO LEAD THE WAY IN MOBILE AND TABLET INTERFACE ACCESSIBILITY +87% of OTC revenue generated through mobile and tablet offerings +82% of all customer OTC trades took place on mobile or tablet devices 23 FINANCIAL OVERVIEW FY 2023 – ANOTHER STRONG FINANCIAL PERFORMANCE DRIVING GROWTH AND REINFORCING OUR FINANCIAL POSITION $726.2m Revenue $340.5m EBITDA $3.17 Basic EPS STRONG BALANCE SHEET Debt-free since inception 100% average annual Operating Cash Conversion2 FY 2013 - FY 2023 PROVEN RECORD OF SHAREHOLDER RETURNS $2.1bn returned to shareholders, including $1.4bn in dividends and $0.7bn in share buybacks, since 2013 IPO c.$350m Shareholder returns announced in FY 2023 $906.7m Cash1 c.$10,300 Average deposit per Active Customer LEAN OPERATING MODEL c.56% average annual EBITDA margin FY 2013-FY 2023 thanks to flexible and efficient cost structure 1. As at 31 December 2023 2. Operating Cash Conversion – Cash generated from operations / EBITDA 25 INCOME STATEMENT KEY METRICS ($M) FY 2023 FY 2022 % Change H2 2023 H2 2022 % Change Revenue Selling and marketing expenses Administrative and general expenses EBITDA EBITDA margin Financial expenses (income), net Tax expenses Net Profit 726.2 296.9 92.9 832.6 (13%) 302.1 80.1 (2%) 16% 340.5 453.8 (25%) 47% 0.2 64.8 55% (15%) (23.9) (101%) 103.9 (38%) 271.4 370.4 (27%) 357.7 148.6 45.0 166.4 47% 2.8 36.4 124.9 321.2 132.6 41.8 148.5 46% 11% 12% 8% 12% 2% (14.9) (119%) 35.4 126.3 3% (1%) 26 COST PROFILE – DISCIPLINED APPROACH TO COST MANAGEMENT CONTROL OVER EXPENSES DUE TO PLUS500’S FLEXIBLE COST STRUCTURE Key Elements of cost base ($m) FY 2023 FY 2022 % change Advertising, technology and marketing investment Payment processing costs Payroll and related expenses Variable bonuses Share-based compensation Data processing costs Professional and regulatory fees Depreciation and amortisation Commissions and fees Other costs Total costs 135.4 40.0 46.7 21.9 25.7 23.2 21.7 4.1 31.2 39.9 389.8 157.8 44.9 40.5 19.0 21.4 14.6 23.0 3.4 17.0 40.6 382.2 (14%) (11%) 15% 15% 20% 59% (6%) 21% 84% (2%) 2% OUR COST BASE 30% FY 2023 70% 30% FY 2022 70% Fixed Variable* *Variable - advertising technology and marketing investment, variable bonuses, payment processing costs, commissions and fees and other variable costs 27 BALANCE SHEET KEY LINE ITEMS ($M) 31/12/2023 31/12/2022 % Change 31/12/2023 31/12/2022 % Change Cash and Cash Equivalents Other Current Assets Total Current Assets Non Current Assets Total Assets 906.7 25.4 932.1 72.6 930.2 27.1 957.3 52.7 1,004.7 1,010.0 (3%) (6%) (3%) 38% (1%) Current Liabilities Non Current Liabilities Total Liabilities Equity 282.2 22.7 304.9 699.8 219.0 10.5 229.5 780.5 Total Liabilities and Equity 1,004.7 1,010.0 Plus500 remains debt-free No debt on balance sheet since inception Plus500 remains well placed to invest in future growth through organic investments and targeted acquisitions 29% 116% 33% (10%) (1%) 28 CASH FLOW KEY LINE ITEMS ($M) FY 2023 FY 2022 % Change OPERATING ACTIVITIES: Cash generated from operations Interest received Income tax paid, net Net cash provided by operating activities INVESTING ACTIVITIES: Acquisition of subsidiaries, net of cash acquired Purchase of property, plant and equipment Net cash used in investing activities FINANCING ACTIVITIES: Payment of principal in respect of leases liability Acquisition of the Company's shares by the Company Dividend paid Net cash used in financing activities Gain (Loss) from exchange differences on cash & cash equivalents Cash and cash equivalents at end of the period 336.6 51.9 (39.6) 348.9 - (8.2) (8.2) (2.7) (275.3) (89.8) 506.8 13.5 (66.2) 454.1 (4.6) (0.8) (5.4) (2.3) (138.8) (119.9) (367.8) (261.0) 3.6 906.7 (7.0) 930.2 (34%) 284% (40%) (23%) (100%) 925% 52% 17% 98% (25%) 41% (151%) (3%) Highly cash generative – average Operating cash conversion for FY 2013 to FY 2023 of 100% Driven by strong EBITDA performance and low capital intensive nature of Plus500 Shareholder returns - Cash generative business dynamics $89.8m dividends paid in FY 2023; $275.3m utilised for share buybacks in FY 2023 Continued strong cash balances of $906.7m at period end Driven by strong cash generation 29 OUR APPROACH TO CAPITAL ALLOCATION REQUIRED REGULATORY / RISK MANAGEMENT CAPITAL AND SURPLUS CAPITAL REQUIRED REGULATORY CAPITAL AND ADDITIONAL RISK MANAGEMENT CAPITAL: CURRENT SURPLUS CAPITAL: c.$550M* of required capital – covering: UP TO c.$350M* to be invested in: Regulatory Capital Working Capital Risk Management & Hedging Clearing Growth Opportunities Shareholder Returns Through organic investments and by targeting additional acquisitions Through share buybacks and cash dividends * As at 31 December 2023 30 OUR APPROACH TO SHAREHOLDER RETURNS ESTABLISHED TRACK RECORD OF SIGNIFICANT SHAREHOLDER RETURNS Total of c.$350m shareholder returns announced during FY 2023 Shareholder returns policy: $2.1BN c.$350M $175.0M At least 50% of net profits to be returned to shareholders through share buybacks and dividends on a half- yearly basis At least 50% of shareholder returns to be made by way of share buybacks Special share buybacks or dividends will also be considered on a half yearly basis Shareholder returns since IPO year FY 2013 to YTD 2024 Shareholder returns announced in FY 2023 Shareholder returns announced in YTD 2024 $2.6bn $2.1bn* Dividends $1.4bn $0.7bn $347.5m Dividends $175.0m Dividends $271.4m $90.0m $257.5m $75.0m $100.0m Net profit Total return Share buybacks Net profit Total return Share buybacks Total return Share buybacks * Includes the shareholder returns of $175.0m announced today 31 SUMMARY & OUTLOOK A LONG TRACK RECORD OF PROFITABLE GROWTH & CASH GENERATION STRONG OPERATIONAL AND FINANCIAL PERFORMANCE SINCE IPO IN 2013 STRONG BALANCE SHEET Debt-free since inception 100% average annual operating cash conversion 2013-2023 Since IPO year in 2013, Plus500 has generated: $3.2bn Cash from operations GROWING TOPLINE 20% CAGR revenue growth between 2013-2023 driven by growing customer base LEAN OPERATING MODEL c.56% average annual EBITDA margin 2013-2023 through flexible and efficient cost structure $2.6bn Accumulated net profit PROVEN RECORD OF SHAREHOLDER RETURNS $2.1bn returned to shareholders including $1.4bn in dividends and $0.7bn in share buybacks 33 DIVERSIFICATION STRATEGY HIGHLY DIVERSIFIED REVENUE STREAMS ENABLE CONTINUED GROWTH AND SCALABILITY WHILST RETURNING VALUE TO SHAREHOLDERS A well-balanced portfolio with diverse global regulatory licences Expansion in product offering brings enhanced choice for customers Offering both B2B (Institutional) and B2C (Retail) services in the US futures market DIVERSIFICATION STRATEGY OUTCOMES: Greater sustainability of earnings Diversified model provides additional opportunities ! Customer base with minimal concentration builds resilience Reduced concentration risk Ability to generate high returns to shareholders 34 OUR STRATEGIC ROADMAP KEY GROWTH OPPORTUNITIES OVER THE MEDIUM TERM New Products New Markets Expanding Offering in Existing Markets Deepening Customer Engagement 35 PLUS500 INVESTMENT CASE 1 2 3 Established track record of innovation and growth Focus on higher-value, long-term customers building inherent value Diversification of products, markets and revenues 4 5 6 Extremely robust financial position Attractive shareholder returns including dividends and share buybacks Long-term planning underpins our strategic outlook 36 THANK YOU Q&A Investor Relations Contact: Owen Jones Head of Investor Relations owen.jones@plus500.com ir@plus500.com APPENDIX PLUS500’S PORTFOLIO OF INTERNATIONAL LICENCES CONTINUES TO GROW AN INCREASINGLY VALUABLE ASSET United Kingdom Australia South Africa New Zealand USA Jul 2021 Japan Mar 2022 Bahamas Jul 2023 Up to FY 2019 Cyprus Singapore Israel Seychelles Jan 2020 Estonia Feb 2022 UAE Feb 2023 39 DISCLAIMER The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of the Company, nor shall it (or any part of it), or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract whatsoever relating to any securities. 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