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General Capital Limited (NZX: GEN) Annual Meeting Presentations

Friday 3rd September 2021

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Please see attached slides and speech notes for the General Capital Limited Annual Meeting held at 11:00am.

The Board believes that to reach critical or optimal scale this business needs to continue growing for the coming 2 years and achieve total assets of between $100m and $150m. However as additional assets are acquired by General Finance through additional deposit funding, the Group is required to contribute additional capital to General Finance in order to satisfy the prudent capital ratio determined by the independent board of GFL or otherwise required under the Non-bank Deposit Takers Act 2013.

FY22 Guidance

Outlook to 30 September 2021:

- We expect September to be a record 6 monthly profit for the group due to the continued growth in the balance sheet.

Outlook to 31 March 2022:

- Given the uncertainties of the Covid-19 pandemic and capital and debt raising efforts we are unable to accurately forecast the full year result at this time.

- However, Directors do currently expect that NPAT will be in the range of $650,000 – $850,000, but this will be dependent on:

Trading conditions post the Covid delta lockdown

The successful listing of Greenfern Industries

Raising at least $2.0m of new capital

Continued growth in deposits and loans

No unexpected major events

No adverse regulatory events

Please see the links below for details

2021 Annual Meeting - Presentation Slides

2021 Annual Meeting - Chair Speech Notes - Rewi Bugo

2021 Annual Meeting - Chair Speech Notes - Simon McArley

2021 Annual Meeting - MD Speech Notes - Brent King

Source: General Capital Limited



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