AEROMETREX LIMITED — AGM Information 2022

Nov 28, 2022

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AEROMETREX AGM PRESENTATION

29 NOVEMBER 2022

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CHAIRMAN’S ADDRESS MARK LINDH

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MetroMap Aerial Imagery Silver Sands, SA, Australia

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MANAGING DIRECTOR’S ADDRESS STEVE MASTERS

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Aerometrex 3D model in Unreal Engine Ferry Building, San Francisco, USA

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DISCLAIMER
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This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth). This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase, sale or issue of any securities or any financial product nor does it constitute financial product or investment advice. The presentation does not contain all the information that may be required for evaluating the Company's assets, prospects or potential opportunities and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.

No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation. Neither the Company, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, related bodies corporate, affiliates, agents or advisers makes any representations or warranties that this presentation is complete or that it contains all material information about the Company or which a prospective investor may require in evaluating a possible investment in the Company or acquisition of securities. To the maximum extent permitted by law, none of those persons accept any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns (if any) contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Neither the Company nor its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, related bodies corporate, affiliates, agents or advisers guarantees any return or generally the performance of the Company or the price at which its securities may trade. Any investment in the Company is subject to investment risks including the possibility of loss of capital invested and no return of income or payment of dividends.

Before making an investment decision, you should assess whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances and consider seeking your own independent legal, financial and commercial advice. Past performance is no guarantee of future performance.

The distribution of this document in jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe any such restrictions.

This presentation may contain certain “forward ‐ looking statements” with respect to the financial condition, results of operations and business of the Company and certain plans and objectives of the management of the Company. Forward looking statements can generally be identified by words such as ‘may’, ‘could’, ‘believes’, 'plan', 'will', 'likely', ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties, which may include, but are not limited to, the outcome and effects of the subject matter of this presentation. Indications of, and guidance on, future ‐ exchange rates, capital expenditure, earnings and financial position and performance are also forward looking statements.

You are cautioned not to place undue reliance on forward looking statements as actual outcomes may differ materially from forward looking statements. Any forward ‐ looking statements, opinions and estimates provided in this presentation necessarily involve uncertainties, assumptions, contingencies and other factors, and unknown risks may arise, many of which are outside the control of the Company. Such statements may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward looking statements. Forward ‐ looking statements including, without limitation, guidance on future plans, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Such forward looking statements speak only as of the date of this presentation.

The information in this presentation is current as at the date on the cover of the presentation and remains subject to change without notice, in particular the Company disclaims any intent or obligation to ‐ update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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KEY ACHIEVEMENTS IN FY22
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In FY22, the company further strengthened its three core product lines of MetroMap (DaaS), 3D & LiDAR while completing historical project aerial photomapping work following the decision to cease this product line in June 2021. While the impacts of COVID-19 still lingered in the economy & the community, the business was able to deliver strong results.

Key Initiatives	Highlight	Highlight
Revenue Growth		Operating revenue up 19.5% from $20.94m to $25.03m
		EBITDA up 168.9% from $2.86m to $7.70m
		EBITDA on a normalised basis up 21.6% from $4.20m to $5.10m
		Completed single largest off-the-shelf dataset sale in the company’s history of $2.59m
		Realisation of non-core assets through the sale of the company's headquarters
Expansion of MetroMap		Subscription revenue up 60.9% to $5.86m
Customer Base & ARR		Annual Recurring Revenue (ARR) up 42.4% to $6.84m
Growth of US 3D Data Sales		US 3D business contributed first significant revenue of $0.90m
& Model Catalogue		Expansion of US 3D catalogue – now covering areas across nine major cities
Launch of value-add		Commercialisation of targeted vegetation mapping solution for urban greening initiatives
LiDAR-derived solutions		Increased focus on climate resilience & emergency management (flood, bushfire, renewables)
Focus on People		Safely navigated COVID-19 – employee welfare & managing minimal business disruptions
& Safety		Completed BARS accreditation further lifting aviation safety standards

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FY22 SNAPSHOT I RECORD REVENUE & STRONG ARR GROWTH
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Group Operating Group Cash Flow From Cash Revenue EBITDA Operations Balance $25.0M $7.7M $5.0M $14.1M 19.5% 168.9% (2021: $20.9M) (2021: $2.9M) (2021: $5.1M) (2021: $16.6M) MetroMap Annual Recurring Subscription Revenue US Revenue Subscription Revenue Revenue (ARR) Contribution 3D Modelling $5.9M $6.8M 23.4% $0.9M 60.9% 42.4% of group revenue (2021: $3.6M) (2021: $4.8M) (2021: 17.4%) (2021: $32k)

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SUPPORTING EXTERNAL RESEARCH & COMMUNITY INITIATIVES
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Research Projects Student Projects
9 4
Bids For Proposal Peer Reviewed
Funding Publications
1 2
APSEA-VIC APSEA-SA APSEA-SA
Award Award Award
Innovation
Technical Environment &
Medium to Large Excellence Sustainability
Business
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APSEA: Asia Pacific Spatial Excellence Awards

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OUR UNITING CORPORATE OBJECTIVE
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“Build profitable & sustainable value for our shareholders across all product lines”

THE OPPORTUNITY

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Global 3D MetroMap LiDAR
Leverage Aerometrex's Position MetroMap to redefine Build Australia’s
position as the world leader in industry standards & generate leading LiDAR
high-resolution 3D modelling profitable outcomes business
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BUILDING PROFITABLE & SUSTAINABLE VALUE ACROSS ALL PRODUCT LINES
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Global 3D

MetroMap

LiDAR

Leverage Aerometrex's position as the world leader in high-resolution 3D modelling

Position MetroMap to redefine industry standards & generate profitable outcomes

Build Australia’s leading LiDAR business

• Rejuvenate North American business opportunity

• Grow Annual Recurring Revenue

• (ARR)

• Grow profit through commercial optimisation & asset utilisation

• Concerted effort to sell existing off-

the-shelf datasets

• Grow new markets & customer base to underpin capture programs &

• Enhance customer platform &

• offerings

• Optimise cost structures & asset utilisation

• Assess options to increase revenue via capital investment & new products

• Leverage BARS certification

expand datasets

• Develop 3D team capability &

resources

• Optimise long-term aviation & sensor strategies

• Enhance automation capability

• Optimise long-term aviation & sensor strategies

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3D MODELLING I ADVANCING VISUALISATION CAPABILITIES
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Global 3D

Leverage Aerometrex's position as the world leader in highresolution 3D modelling

• Rejuvenate North American business opportunity

• Concerted effort to sell existing off-the-shelf datasets

• Grow new markets & customer base to underpin capture

programs & expand datasets

• Develop 3D team capability & resources

Key Updates

• Increasing interest in 3D for augmented/virtual reality

• Collaborating with leading game engine & 3D software companies to promote Aerometrex 3D data

• Growing pipeline of US opportunities through seconded team

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METROMAP I PRODUCT DEVELOPMENT EXPANDING USAGE
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MetroMap

Position MetroMap to redefine industry standards & generate profitable outcomes

• Grow Annual Recurring Revenue (ARR)

• Enhance customer platform & offerings

• Optimise cost structures & asset utilisation

• Optimise long-term aviation & sensor strategies

Key Updates

• Developing insights & feature layers for property-level analytics

• Continuing development of platform features & capabilities

• Return to pre-COVID aviation traffic and continuing poor weather impacting operational efficiency

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LiDAR I SERVING A LARGE CROSS SECTION OF INDUSTRIES
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LiDAR

Build Australia’s leading

LiDAR business

• Grow profit through commercial optimisation & asset utilisation

• Assess options to increase revenue via capital investment & new products

• Leverage BARS certification

• Enhance automation capability

• Optimise long-term aviation & sensor strategies

Key Updates

• 5th sensor preparing for deployment in 2H, to capitalise on

• existing opportunities

• Continued growth in work on books to $4.2M as on 31 Oct 2022

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AVIATION & SENSOR STRATEGIES I OPTIMISATION STUDIES UNDERWAY
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Aviation & Sensors

Optimising aviation & sensor related activities are key elements to support the imagery & data capture process

• Aerometrex undertakes its aviation activities via a fleet of owned & chartered aircraft

• Capture activities can be impacted by many planned & unplanned factors

• Weather, airspace access, geographical mobilisation & asset maintenance schedules are key elements that impact efficiencies

Key Updates

• Analysis is underway to review short- and longer-term sensor strategies & options for both MetroMap and LiDAR

• For MetroMap, opportunities to enhance capture frequency consistency & operational efficiencies are also being evaluated

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DEVELOPING ‘PATHWAYS TO PROFITABILITY’
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Safely
undertake
our work
Build employee
Invest
clarity &
wisely
alignment
BUILDING A
PATHWAY TO
PROFITABILITY
Be focused & Enhance the
disciplined way we work
Service our Understand
customers well our customers
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Global 3D

Leverage Aerometrex's position as the world leader in high-resolution 3D modelling

MetroMap

Position MetroMap to redefine industry standards & generate profitable outcomes

LiDAR Build Australia’s leading LiDAR business

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CONTACT INFORMATION

Steve Masters Chief Executive Officer

Chris Mahar Chief Financial Officer

Aerometrex Ltd

51-53 Glynburn Road Glynde SA 5070 investorrelations@aerometrex.com.au +61 8 8362 9911

aerometrex.com.au

metromap.com.au

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This presentation has been approved by the Board of Aerometrex.