AIRTASKER LIMITED — Interim / Quarterly Report 2021

Apr 27, 2021

28 April 2021 ASX RELEASE

==> picture [167 x 34] intentionally omitted <==

MARCH QTR 2021 - APPENDIX 4C AND QUARTERLY ACTIVITY REPORT

Airtasker is pleased to provide its cash flow and activity reports for the March quarter (Q3 FY21). A strong operating performance ahead of prospectus forecasts resulted in positive cash flow from operating activities (excluding IPO costs) (unaudited) of $2.1m, comprising:

• Customer receipts of $8.3m; and

• Operating cash outflows of $6.2m.

Including IPO costs, cash flow from operating activities (unaudited) was positive $484k, resulting in a closing cash balance of $29.7m at 31 March 2021.

There were no material changes in business activities from those described in the prospectus dated 8 February 2021.

Use of Funds:

In accordance with ASX Listing Rule 4.7C.2, Airtasker provides the following update on its use of funds (unaudited):

Use of Funds	$m	Spend to date ($m)	Status
Marketing (including international)	8.0	0.0	On track
Product development	5.0	0.0	On track
Offer costs	3.1	2.6	On track
Total	16.1	2.6	On track

Rela�ed �a��� �a�me��� �f $62,000 �e�e �aid i� �he f��m �f Di�ec����� fee� i� Q3 FY21.

-- Ends --

For further information, please contact:

Media Enquiries Investor Relations Alexandra Aguirre www.investor.airtasker.com alexandra@airtasker.com investors@airtasker.com +61 428 024 545

About Airtasker

Ai��a�ke� (ASX: ART) i� A����alia�� leadi�g ��li�e ma�ke��lace f�� l�cal �e��ice�, c���ec�i�g �e��le and businesses who need work done with people and businesses who want to work.

With its mission to empower people to realise the full value of their skills, Airtasker aims to have a positive impact on the future of work by creating truly flexible opportunities to work and earn income. Since launching in 2012, Airtasker has enabled more than $1 billion in working opportunities and served more than 1 million unique paying customers.

This announcement was approved for release by the Board of Directors of Airtasker Limited.

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Airtasker Limited

ABN 53 149 850 457

Quarter ended (�current quarter�)

March 2021

Consolidated statement of cash flows	Current quarter $A�000	Year to date (9 months) $A�000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other - GST 1.9 Net cash from / (used in) operating activities	8,257 - (791) (489) (1) (3,356) (2,645) - 4 (14) - - (481)	22,772 - (2,046) (1,059) (2) (9,827) (4,720) - 6 (49) - 1,008 (1,354)
	484	4,729
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets	- - (36) - (1,278) -	- - (78) - (3,684) -

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 1

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter $A�000	Year to date (9 months) $A�000
2.2 Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities		- - - - - - - - -	- - - - - - - - -
		(1,314)	(3,762)
3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other�lease liabilities 3.10 Net cash from / (used in) financing activities		15,000 - 1,903 (924) - - - - (120)	15,000 - 1,903 (924) - - - - (318)
		15,859	15,661
4. 4.1 4.2 4.3	Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above)	14,722 484 (1,314)	13,097 4,729 (3,762)

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 2

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter $A�000	Year to date (9 months) $A�000
4.4 4.5 4.6	Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period	15,859 (16)	15,661 10
		29,735	29,735
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts		Current quarter $A�000	Previous quarter $A�000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)		29,735 - - -	14,722 - - -
		29,735	14,722
6. Payments to related parties of the entity and their associates			Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 62 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.			62
			-

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 3

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

7. 7.1 7.2 7.3 7.4 7.5 7.6	Financing facilities Note: the term�fac������ ��c��de� a�� f���� �f f��a�c��g arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A�000 Amount drawn at quarter end $A�000 Loan facilities - - Credit standby arrangements - - Other (please specify) - - Total financing facilities - - Unused financing facilities available at quarter end - Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.	Total facility amount at quarter end $A�000	Amount drawn at quarter end $A�000
		-	-
		-	-
		-	-
		-	-
	N/A - no financing arrangements available to the company.

8.	Estimated cash available for future operating activities	$A�000
8.1 8.2 8.3 8.4 8.5 8.6	Net cash from / (used in) operating activities (item 1.9) 484 Cash and cash equivalents at quarter end (item 4.6) 29,735 Unused finance facilities available at quarter end (item 7.5) - Total available funding (item 8.2 + item 8.3) 30,219 Estimated quarters of funding available (item 8.4 divided by item 8.1) 62 Note: if the entity has reported positive net operating cash flows in item 1.9, answer item8.5 a� �N/A�. O�he����e, a figure for the estimated quarters of funding available must be included in item 8.5. If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?	484 29,735 -
		30,219
	Answer: N/A
	8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
	Answer: N/A
	8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
	Answer: N/A
	Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 4

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: 28 April 2021 ...................................................................................

The board Authorised by: ...................................................................................

� (Name of body or officer authorising release see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entit��s acti�ities for the past q�arter , how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been a�thorised for release to the market b� �o�r board of directors, �o� can insert here: �B� the board�. If it has been authorised for release to the market by a committe e of �o�r board of directors, �o� can insert here: �B� the [ name of board committee � eg Audit and Risk Committee ] �. If it has been a�thorised for release to the market b� a disclos�re committee, �o� can insert here: �B� the Disclos�re Committee�.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Go�ernance Co�ncil�s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 5