IkeGPS : Q1 FY23 Performance Presentation

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Q1 FY23 performance update

The Pole OS™ Company

Glenn Milnes, CEO [e-mail]22 July 2022

// Confidential

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ersonalikeGPS 2

Important Notice

Information in this Presentation:

• Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in ikeGPS Group Limited (IKE);
• Should be read in conjunction with, and is subject to, IKE's FY22 financial results (audited), recent market releases, and information published on IKE's website (www.ikegps.com);
• Includes forward-looking statements about IKE and the environment in which IKE operates, which are subject to uncertainties and contingencies outside of IKE's control - IKE's actual results or performance may differ materially from these statements;
• Includes statements relating to past performance, which should not be regarded as a reliable indicator of future performance; and
• May contain information from third parties believed to be reliable - however, no representations or warranties are made as to the accuracy or completeness of such information.
• • All information in this presentation is current at the date of this presentation, unless otherwise stated.
  • All currency amounts are in NZ dollars unless stated otherwise.

Receipt of this Document and/or attendance at this presentation constitutes acceptance of the terms set out above in this Important Notice.

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Agenda and Contents

• Q1 FY23 performance highlights and key charts
• Market overview
• Customer reasons to buy
• Direct go-to-market, brand, and CX model.
• Q&A

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Revenue of ~$6.8m (+162% vs pcp). New signed contracts of ~$8m.

Q1 FY23 performance highlights

• Revenue in Q1 FY23 of ~$6.8m (+162% vs pcp). Within this, recurring Subscription and reoccurring Transaction revenue was ~$5.7.m (+167% vs pcp).
• Gross margin in Q1 FY23 of ~$3.9m (+116% vs pcp) representing a Q1 FY23 gross margin percentage of ~57%.
• Signed contracts in Q1 FY23 of ~$8m (+31% vs pcp). The signed contract backlog has continued to grow and it is estimated that $13-15m of this backlog will be delivered and recognized as revenue in the FY23 period.
• Cash and receivables as at 30 June 2022 was ~$27.7m, comprised of $23.3m cash and $4.4m receivables, with no debt. This position is just ~$1.2m lower than six months prior (at 31 December 2021) evidencing the operating leverage in the business.

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ersonalikeGPS 5

Revenue in Q1 FY23 of ~$6.8m (+162% vs pcp).

Within this, recurring Subscription and reoccurring Transaction revenue was ~$5.7.m (+167% vs pcp

Takeaways:

• Recurring subscription and reoccurring transaction revenues (shown by the Green and Blue segments in this chart) dominate IKE's revenue mix.
• This revenue element continues grow positively because of the investment into extending software products.
• This is an important trend in terms of increased revenue quality that underpins predictable growth as IKE continues to execute on its solution, and Pole OS™, strategy.