Ease2pay N.V.

Investor Presentation • Sep 10, 2019

Disrupting mobile payments

Investor presentation

September 2019

The company

Ease2pay at a glance

1: At closing 3 September 2019 2: H1 report 2019

Entrepreneurial team with proven track record

Gijs van Lookeren Campagne Director Doctorandus in Economics Erasmus University RA, postgraduate CPA Tilburg University

Jan Borghuis Director

Doctorandus in Economics Erasmus University

Entrepreneurial team with over 20 year of management experience

Founded car rental disruptor Greenwheels

Ready to apply gained experience to create a new market leader in mobile payment and loyalty solutions!

Creating a leading player in parking and fuel transactions

Nationwide coverage for petrol and on street parking

The service

What do we do

Apps combining payment and loyalty in one transaction that…

Obtained necessary waivers and certificates

Payment Service Provider1 and E-Money Institution2 Certificate for iDeal and e-mandate

…offers a cheap alternative for merchants since it requires no Point-of-Sale hardware

No Point-of-Sale hardware needed

Application runs on the mobile phone of the customer No expensive hardware required

Ease2pay is registered with the Dutch Central Bank (DNB) as an exempted Payment Service Provider (PSP), and as such not under supervision of the DNB. If the total amount of monthly payments exceeds EUR 3m, Ease2pay will migrate to licensed PSP under supervision of the DNB

Ease2pay is registered with the Dutch Central Bank (DNB) as an exempted E-Money Institution (EGI), and as such not under supervision of the DNB. If the total amount of outstanding liabilities of the EGI exceeds EUR 5m or wallet accounts surmount EUR 150m or deploy wallet in other EU-countries, Ease2pay will migrate to licensed EGI under supervision of the DNB

Integration unlocks the power of m-commerce

Example of integration with fuel station resources

Mobile payment of fuel through license plate recognition is the next step in the petrol sector. Ease2Pay is leveraging the existing technology at petrol stations with the aim of achieving the simplest possible way of refueling for the consumer

Customer starts filling petrol at a registered station

License plate is recognized and recorded in the system

Order is completed and submitted to customer via app

Existing infrastructure in place with significant share of installations at Dutch petrol stations (i.e. Dome cameras from Big Brother) Ongoing live testing of the application by 3 manned petrol stations

Link: https://www.youtube.com/watch?v=uA7ATNCqruY 10

Example of in app integrated transactions

The Rabo Wallet app allows for Rabo-clients to use their smartphone for payments instead of their bank card or cash

Ease2pay facilitates an increasing number functions in Rabo Wallet app

Rabo Wallet is source of additional parking and fuel transactions for Ease2pay

3,5 m Rabo Bankieren App users1 are enormous potential for Rabo Wallet

Ad1) Infographic 'Rabobank in 2017'

Ease2pay facilitates in the Rabo Wallet app

• ❑ Storage of plastic loyalty cards
• ❑ On street parking in 140 cities
• ❑ refueling at petrol stations

Revenue drivers for petrol and parking transactions

Transaction fee starting at €0,12

Fee for merchant per fuel transaction Monthly fee starting at € 15

Fee for merchant per month per petrol station

App user € 2

Fee for B2B app user per month

Transaction fee is 1,5% of turnover

Fee for merchant is 1,5% of turnover

Additional €0,18 per transaction

Fee for OnTheGo and RaboWallet app users per transaction

Ease2pay H1 2019 statistics

The market

Combination of petrol and parking has synergy effect

Petrol stations On street parking

EUR 20 billion

Dutch petrol stations turnover in 2017 (10% comes from retail)

79 million

On street parking transactions in NL (2017)

4.200 Petrol stations in NL (50% manned/50% unmanned)

1.2 million Dutch petrol station visits per day in 2017

EUR 180 million

Turnover on street parking apps in NL (2017)

Focus on B2B fuel market

Ease2pay has uniqueness and is ready to scale up

Service uniqueness

• We are the sole party able to offer one app for both fueling and parking including a monthly invoice with VAT specification.

Loyalty program distinction

• No other party is able to integrate loyalty and payment in a single transaction for all (manned & unmanned) petrol stations.

Petrol market Parking market

Unbeatable price

• Due to cost ineffective payment solution, all parking app competitors have to charge a fee per transaction or monthly subscription. Due to innovative wallet payment solution Ease2pay is the only free parking app: no transaction fee, no monthly subscription.

Single app will disrupt B2B fuel card market

Digitization of fuel card increases security and opens up extra opportunities

Digitally integrated platform positioned to replace current inefficient corporate fuel card management system

Secure online platform to prevent most common fuel card fraud risks (i.e. skimming) thus saving unnecessary costs

Easily scalable web-based platform

Cheap and easy to use alternative for SMEs versus current corporate fuel cards

"Plug and play" solution for SMEs "Tailor-made" solution for large corporates

Ability to build extra functionalities that integrate with existing client specific processes

Potential to benefiting from large transaction volume

Extra services to ensure rapid adoption

• Integration with off street parking to realize in app payment of parking garages
• Integration with public transport to realize in app payment of public transport trips
• Integration with EV-charging infrastructure to realize in app payment of charging

The potential

Upcoming milestones

Time

Investment highlights

Mobile payment & loyalty platform	• M-commerce payment and loyalty platform integrates internet of things opportunities • Unique service offer for petrol market and unbeatable price for parking market • Payment solution that eliminates need for Point-of-Sale hardware
Attractive target markets	• Several attractive markets are wide-open; first entry made into on street parking and petrol transactions • Now ready to disrupt the €3 billion NL corporate fuel card market • Additional near-term transaction volume will come from off street parking, public transport and EV-charging.
Rich news flow	• Pilots with several lease companies: ALD Automotive piloted Ease2pay fuel app Q2 2019 • Expansion towards 90% coverage of NL fuel stations planned in Q4 2019 • Rabo Wallet is adding fuel transactions to its iOS and Android app in Q4 2019
Management with proven record	• Experienced and entrepreneurial team with proven track record • Collaborated for over 20 years; founded and sold car-rental disruptor Greenwheels • Focussed on value generation and efficient business management

Disclaimer

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