AVA RISK GROUP LIMITED — Earnings Release 2021

Aug 29, 2021

==> picture [312 x 363] intentionally omitted <==

==> picture [152 x 81] intentionally omitted <==

Global leader in smart security and sensing technologies for the connected world

FY2021 RESULTS 30 AUGUST 2021

AGENDA

==> picture [54 x 29] intentionally omitted <==

==> picture [762 x 321] intentionally omitted <==

----- Start of picture text -----

FY2021 Results Overview – Rob Broomfield, CEO
1
FY2021 Financials – Leigh Davis, CFO
2
Strategy & Outlook – Rob Broomfield, CEO
3
----- End of picture text -----

2

FY2021 RESULTS

MARKET LEADER IN RISK MANAGEMENT SERVICES & TECHNOLOGY

==> picture [54 x 29] intentionally omitted <==

PROTECTING HIGH VALUE ASSETS AND CRITICAL INFRASTRUCTURE AROUND THE WORLD

==> picture [305 x 269] intentionally omitted <==

----- Start of picture text -----

FY2021 REVENUE
28%
$65M
62%
10%
FY2021 EBITDA
37%
48% $16M
15%
AVA Global Logistics
Future Fibre Technologies
BQT Solutions
----- End of picture text -----

==> picture [257 x 193] intentionally omitted <==

FINANCIAL INSTITUTIONS | MILITARY & GOVERNMENT | MINING | ENERGY | TRANSPORT | INDUSTRIAL & COMMERCIAL

+100 countries

+2,500 systems deployed

+3,500 sites protected

3

FY2021 RESULTS

TWO DIVISIONS, THREE MISSION-CRITICAL BUSINESSES

TECHNOLOGY DIVISION

SERVICES DIVISION Global provider of secure international logistics

==> picture [89 x 38] intentionally omitted <==

==> picture [84 x 26] intentionally omitted <==

Global leader in fibre optic intrusion detection systems

Leader in high security access control technology

• Access Control Readers

• Risk Consulting

• Perimeter Intrusions

• High Security Locking

• Pipeline Intrusion

• Precious Metals

• Condition Monitoring

• Custom Encryption

• • Biometric Solutions

• High Risk Valuables

• • Banknotes

• Data Network Protection

• 2,500+ Systems Deployed • 3,500+ Sites

• • Products & Services Model • COTS[1] & Custom Product

• Partners in 100+ Countries

• Recurring Services Model

==> picture [54 x 29] intentionally omitted <==

1. Commercial off-the-shelf

4

FY2021 RESULTS

DIVESTMENT OF SERVICES DIVISION

• Entered into Sale and Purchase Agreement on 16[th] August to divest Ava Global Logistics

• Sale price of US$46.4m (~A$63.1m) with anticipated net cash proceeds[1] of US$31.1m (~A$42.4m)

• Expected completion by the end of October 2021

• As at 30 June 2021, Ava Risk Group had circa $21.6m carried forward tax losses. Whilst these losses and their application against profits are subject to relevant tax laws, management believes that the proceeds received on the sale will be not impacted by taxation

US$0.6-1.0bn 587% ~A$42.4m100+ est. addressable marketNet cash investment[1] Net cash proceedsCountries[1] return over ~5 years

$15.9m

$4.5m -$0.9m FY2018 FY2019

==> picture [31 x 9] intentionally omitted <==

----- Start of picture text -----

-$0.1m
----- End of picture text -----

==> picture [54 x 29] intentionally omitted <==

$40.3m

==> picture [57 x 175] intentionally omitted <==

----- Start of picture text -----

$7.7m
----- End of picture text -----

==> picture [32 x 8] intentionally omitted <==

----- Start of picture text -----

$25.1m
----- End of picture text -----

$2.4m

FY2020 FY2021

==> picture [91 x 8] intentionally omitted <==

----- Start of picture text -----

Revenue EBITDA
----- End of picture text -----

==> picture [175 x 19] intentionally omitted <==

FY2021 RESULTS 5

1. Anticipated net cash proceeds after closing adjustments, payment of management incentives and FY2021 accrued bonuses

FY2021 FINANCIAL HIGHLIGHTS

==> picture [54 x 29] intentionally omitted <==

Group Revenue Technology Revenue Services Revenue $65.0m $24.7m $40.3m Up 41% on pcp[1] Up 17% on pcp Up 61% on pcp Group EBITDA Technology EBITDA Services EBITDA $16.0m $8.3m $7.7m Up 116% on pcp Up 64% on pcp Up 225% in pcp Strong financial position with cash of $17.3m and no debt

FY2021 RESULTS

6

1. All figures compare 12 months to 30 June 2021 unless otherwise indicated.

DELIVERING SUSTAINABLE PROFIT GROWTH

==> picture [509 x 306] intentionally omitted <==

----- Start of picture text -----

$65.0m
$46.1m
$31.6m
$19.8m
$16.0m
$7.4m
-$2.9m -$2.9m
FY2018 FY2019 FY2020 FY2021
Revenue EBITDA
----- End of picture text -----

==> picture [54 x 29] intentionally omitted <==

• FFT merger with MaxSec (BQT & Ava Global) in December 2017

• Since then, achieved strong revenue growth and positive EBITDA

• Delivered FY2021 results above original guidance (revenue of $60-64m and EBITDA of $13-15m)

7

FY2021 RESULTS

==> picture [762 x 429] intentionally omitted <==

----- Start of picture text -----

FY2021 FINANCIALS
----- End of picture text -----

GROUP FINANCIAL SUMMARY

$Am	FY2021 FY2020	Var %
Group Revenue2	65.0 46.1	41%
COGS	33.4 24.1	39%
Gross Profit	31.6 22.0	44%
Operating Expenses	16.3 15.1	8%
Group EBITDA	16.0 7.4	116%
Gross Margin	49% 48%	1%
EBITDA Margin	25% 16%	9%

==> picture [54 x 29] intentionally omitted <==

• Group Revenue of $65.0m in FY2021, up 41% higher on pcp[1]

  • Gross margin of 49% for FY2021

• Group EBITDA of $16.0m, up 116% on pcp

• EBITDA margin of 25% for FY2021 vs 16% in pcp

• Previous corresponding period, FY2020 2. Sales Revenue sonly, excludes other income (Other income in FY2021 $0.7m FY2020: $0.5m).

9

FY2021 RESULTS

TECHNOLOGY DIVISION FINANCIAL SUMMARY

==> picture [54 x 29] intentionally omitted <==

$Am	FY2021 FY2020	Var %
Sales Revenue1	24.7 21.1	17%
COGS	6.2 5.4	15%
Gross Profit	18.5 15.7	17%
Operating Expenses	10.8 11.2	-3%
EBITDA	8.3 5.0	64%
Gross Margin	75% 75%	0%
EBITDA Margin	34% 24%	10%
Backlog	4.6 14.6

• FY2021 sales revenue of $24.7m up 17% on pcp

• FY2021 EBITDA of $8.3m up 64% on pcp

• Ongoing cost discipline and high margin IMoD contract revenue received in FY2021

• Short-term impact on orders and fulfilment from COVID-19 in India and South America

• Backlog at 30 June 2021 includes $2.6m for Indian MoD project ($10.6m at 30 June 2020)

• Sales Revenue only, excludes other income (Other income in FY2021 $0.6m FY2020: $0.5m).

FY2021 RESULTS 10

SERVICES DIVISION FINANCIAL SUMMARY

$Am	FY2021 FY2020	Var %
Sales Revenue2	40.3 25.1	61%
COGS	27.2 18.7	45%
Gross Profit	13.1 6.4	106%
Operating Expenses	5.5 4.0	38%
EBITDA	7.7 2.4	225%
Gross Margin	33% 25%	8%
EBITDA Margin	19% 9%	10%

==> picture [54 x 29] intentionally omitted <==

• FY2021 Revenue of $40.3m, up 61% on pcp[1]

• EBITDA up 225% to $7.7m

• Expanded customer base and greater share of existing client spend

• Margin expansion reflects market consolidation and growing market presence

• Previous corresponding period

• Sales revenue only, excludes other income (Other income in FY2021 $0.1m FY2020: $Nil).

FY2021 RESULTS 11

STRONG GROWTH IN CUSTOMER RECEIPTS ACROSS DIVISIONS

(Unaudited financial information)

==> picture [54 x 29] intentionally omitted <==

==> picture [391 x 214] intentionally omitted <==

----- Start of picture text -----

20.0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
Receipts ex.IMOD IMOD
A$ m
----- End of picture text -----

==> picture [20 x 8] intentionally omitted <==

----- Start of picture text -----

(13%)
----- End of picture text -----

• Receipts growth from different products and services across the three businesses

• In Q4 FY2021, Group receipts increased by 13% on pcp and by 5% if the IMoD contract is excluded

• Continued implementation of processes and systems to improve customer collections

FY2021 RESULTS 12

GROUP BALANCE SHEET

$A’000	30 June 2021	30 Jun 2020	Var %
Cash and cash equivalents	17.3	7.7	124%
Receivables	9.3	6.0	55%
Inventories	3.1	3.9	-20%
Intangibles	11.2	12.7	-12%
Other assets	2.4	3.4	-31%
TOTAL ASSETS	43.3	33.7	28%
Payables	8.7	5.4	61%
Provisions	1.6	1.4	11%
Borrowings	-	-	-
Other liabilities	0.9	1.5	-34%
TOTAL LIABILITIES	11.2	8.3	36%
TOTAL EQUITY	32.0	25.4	26%

==> picture [54 x 29] intentionally omitted <==

• Strong cash generation from improved YoY trading performance with cash up 124% YoY to $17.3m

• Working capital needs for growth well managed with equal growth in receivables and payables and a $0.8m reduction in inventories

• Intangibles comprise mostly goodwill $5.0m, and capitalised product development $4.4m

• Other assets mostly comprise ‘contract assets’ – customer works completed but yet to be billed ($1.6m at 30 June 2021)

FY2021 RESULTS 13

GROUP CASH FLOW STATEMENT

$A‘000	30 Jun 2021	30 June 2020	Variance
Receipts from customers	62.7	42.3	20.4
Payments to suppliers and employees	(45.7)	(36.8)	(8.9)
Other operating receipts and payments	0.6	0.5	0.1
NET OPERATING CASH FLOWS	17.6	6.0	11.6
Payment for intangibles	(0.9)	(0.9)	-
Payments for PPE	(0.2)	(0.2)	-
NET INVESTING CASH FLOWS	(1.1)	(1.1)	-
Net Proceeds of share issues	0.7	0.1	0.6
Dividends paid	(7.1)	-	(7.1)
Lease payments	(0.3)	(0.3)	-
NET FINANCING CASH FLOWS	(6.7)	(0.2)	(6.5)
NET INCREASE IN CASH	9.8	4.7	5.1

==> picture [54 x 29] intentionally omitted <==

• 195% improvement in YoY operating cash flows as a result of substantial trading improvements

• Continued key spending on product R&D, consistent with prior year

• $9.8m net increase in cash after payment of $7.1m in dividends to shareholders

FY2021 RESULTS 14

CAPITAL MANAGEMENT UPDATE

==> picture [54 x 29] intentionally omitted <==

Capital Return to Shareholders of $39.2m (circa 16 cents per share); On-Market Buy Back of $1.0m

CAPITAL MANAGEMENT FRAMEWORK

==> picture [694 x 160] intentionally omitted <==

----- Start of picture text -----

MANDATORY DISCRETIONARY
1. Operational working 2. Growth capital
capital - Product Development 3. Dividends 4. Surplus cash flow
- Product Dev Sustainment Innovation
- Special Dividends - Return capital to
- Inventory - Acquisition seed fund - Circa $7m paid in FY21 shareholders
- Circa $4m
- Circa $16m
MAXIMISE RETURN TO SHAREHOLDERS
----- End of picture text -----

• § Post divestment of Services Division, $57.9m of cash available

• § Following the completion of the divestment, Ava Risk Group is expected to hold $40.2m in excess capital

• § The Board’s intention is to use the excess capital for a capital return to shareholders of $39.2m (circa 16 cents per share) and an on-market buy back of $1.0m

• § Subject to the Company obtaining a favorable Class Ruling from the Australian Taxation Office, a formal proposal could be put before shareholders for approval at the AGM scheduled to be held on 28 October 2021. Depending on the results of the on-market buy back, and the surplus cash available to the Company, the amount allocated to the buy back may increase over time.

15

FY2021 RESULTS

STRATEGY & OUTLOOK

AVA RISK GROUP POST DIVESTMENT

==> picture [54 x 29] intentionally omitted <==

• ‘Pure play’ technology company • Global Sales and Support Operations • Growth driven by increasing global security concerns and rise in connectivity • Expanding solutions and new applications 100+ Countries US$0.6-1.0bn est. addressable market1 Proforma numbers based on FY2021 results Ava prior to Transaction $(000) Ava after Transaction $(000) Consolidated total assets $43,253 $72,667 Consolidated total equity interests $32,040 $70,815 Consolidated revenue $65,040 $24,700 Consolidated EBITDA $16,037 $8,284 Consolidated profit before tax $13,770 $6,695 Leader in fibre optics for intrusion detection Leader in high security access technology	Proforma numbers based on FY2021 results	Ava prior to Transaction $(000)	Ava after Transaction $(000)
	Consolidated total assets	$43,253	$72,667
	Consolidated total equity interests	$32,040	$70,815
	Consolidated revenue	$65,040	$24,700
	Consolidated EBITDA	$16,037	$8,284
	Consolidated profit before tax	$13,770	$6,695

FY2021 RESULTS 17

STRONG TRACK RECORD AND GLOBAL OPPORTUNITY

==> picture [54 x 29] intentionally omitted <==

  - Technology division FY21 revenue of $24.7m, up 17% vs pcp despite COVID-19 challenges

• High margins and ongoing cost discipline, strong cash generation, and surplus cash for investment and return to investors

• TRACK RECORD OF

• GROWTH AND RESULTS • Global footprint with thousands of products installed in more than 70 countries

  • Global footprint with thousands of products installed in more than 70 countries

  • Blue chip customer base, with significant long term recurring revenue potential

• Expanding application markets beyond security into condition monitoring through low CAPEX partner programs, OEM[1] , and technology licencing and extended support services

• HIGHLY SCALABLE • Efficient, scalable go-to-market strategies which include key distributor partners in Europe and the US MODEL (dormakaba and Assa Abloy)

  • Highly defensible competitive position, breadth of product range, TCO and performance advantages, investments in innovation including AI and Machine Learning, Australian made

• Experienced leadership team with broad global industry knowledge and deep market domain expertise

• STRONG COMPETITIVE • Customer-centric focus on product and services development provides high performance, customised, flexible, ADVANTAGES and scalable solutions • Well-placed to become a global leader in smart digitisation for security and asset protection • Global smart cities market spend on technology expected to reach US$327bn by 2025, growing at a CAGR of 22.7% from $96bn in 2019[2] .

• GLOBAL OPPORTUNITY

• Source: Frost & Sullivan

• Original Equipment manufacturer

18

FY2021 RESULTS

==> picture [89 x 38] intentionally omitted <==

AURA AI: NEW APPLICATION FOR TECHNOLOGY

==> picture [54 x 29] intentionally omitted <==

• Using real-time data to enhance asset management, improve reliability and introduce new predictive capabilities to an expanding set of large market opportunities, including Smart Cities of the future

• Built on FFT’s latest advanced optical designs and signal processing algorithms to detect, classify and report ‘real’ threats

• Extending into adjacent markets including monitoring of conveyor belt, roads, rail lines and sub-sea power cables

==> picture [406 x 297] intentionally omitted <==

----- Start of picture text -----

Buried Pipeline High security
Perimeter
intrusion access control
intrusion
readers and locking
Conveyor belt
monitoring
Data fibre
Rail threat
protection, detection
manhole cover
Boat activity & anchor removal.
drops near sub-sea
Road monitoring
power cables
----- End of picture text -----

19

FY2021 RESULTS

GROWTH INITIATIVES

==> picture [54 x 29] intentionally omitted <==

To be a global leader in actionable, intelligent data streams that protect and optimise critical assets

LEVERAGE PARTNERSHIPS

GROW RECURRING REVENUE

LEVERAGE SCALABLE MODEL

• Leverage BQT distribution partnerships with dormakaba and Assa Abloy

• Extend FFT partnerships into the global power cable sensing market

• Leverage Aura AI technology and partnerships into new applications and verticals

• Convert Aura IQ conveyor health monitoring POVs into sales ($50M+ opportunity)

• Leverage existing install base of 2,500 customers for support contracts .

• Expand comprehensive maintenance products with remote monitoring, and AI upgrade solutions

• Licence technology for low cost and high margin access into new markets (similar to IMoD)

• Leverage existing install base of 2,500 customers for upgrades and extensions

• Extend solutions capability and fit to address adjacent market segments

• Operating leverage from both cost discipline and economy of scale

20

FY2021 RESULTS

OUTLOOK

Strong uplift in Q1 FY2022 orders, continuing the momentum of Q4 FY2021 and building on the $4.3m FY2021 backlog

Leverage strong base to grow and close the existing projects sales opportunity pipeline

Drive BQT sales through key distributor partners in the US and Europe

Convert Aura-IQ POV trials to generate SaaS revenue , and expand the solution with additional sensing capabilities

Expansion of sales capacity and revenues in the US

Grow FFT long term contracts and recurring revenue from technology licencing agreements and multi-year support contracts

Expand solution fit and partner programs to enter and expand in new and growing markets: power cable, transport & Smart Cities

==> picture [54 x 29] intentionally omitted <==

21

FY2021 RESULTS

QUESTIONS

APPENDIX

PROVEN GO-TO-MARKET STRATEGIES

==> picture [54 x 29] intentionally omitted <==

==> picture [762 x 338] intentionally omitted <==

----- Start of picture text -----

OFF THE SHELF
SERVICES PRODUCTS LICENCING SOLUTIONS PRODUCTS
PRODUCTS
SYSTEM SYSTEM
DISTRIBUTORS MANUFACTURERS DISTRIBUTORS GLOBAL PARTNER SECURITY NETWORK
INTEGRATORS INTEGRATORS
OEM [1] FOR
INSTALLERS INSTALLERS
MANUFACTURERS
END USERS
1. Original Equipment Manufacturer FY2021 RESULTS 24
----- End of picture text -----

==> picture [89 x 38] intentionally omitted <==

IMoD CONTRACT FOR LICENCING TECHNOLOGY

==> picture [54 x 29] intentionally omitted <==

$4.5m

• Licencing FFT’s SecureLink technology to Indian Ministry of Defence (IMoD) via local manufacturing partner

• Licencing model provides low working capital, low risk and high margin go-to-market approach

• US$11.9m including tax credits over 3 years

• Final delivery expected in FY22 following COVID-19 delay

• ~US$3.4m in additional revenue from 7-year spares and maintenance contract[1]

• +40,000km of data communications cables protected (equal to >10x the distance from Perth to Sydney)

Blueprint to win more licencing deals

==> picture [308 x 261] intentionally omitted <==

----- Start of picture text -----

$4.0m
$3.5m
$3.0m
$2.5m
$2.0m
$1.5m
$1.0m
$0.5m
$9,155
$0.0m
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
FY2020 FY2020 FY2020 FY2020 FY2021 FY2021 FY2021 FY2021
Revenue Cash
----- End of picture text -----

FY2021 RESULTS 25

1. After the initial 3-year warranty period

==> picture [102 x 23] intentionally omitted <==

CONVEYOR HEALTH MONITORING SOLUTION

• World-leading fibre optic technology with advanced signal processing algorithms, reporting and alerts

• Developed in partnership with leading industry research organisation Mining3

Aura IQ Opportunity Pipeline $50m for 3 year contracts

• Access to sites for Proof of Value (POV) trials has been volatile as a result of ongoing COVID-19 conditions

• On-boarding customers and sales expected in 1H FY2022

• Cloud platform allows for future enhancements and SaaS opportunities for recurring revenue stream

• Partnership agreements with specialist mining technology service providers after POV trials to support sales expansion

• First premium partnership agreement with US Company Strata Worldwide to distribute to mining and tunneling operations

==> picture [54 x 29] intentionally omitted <==

==> picture [93 x 56] intentionally omitted <==

==> picture [94 x 86] intentionally omitted <==

==> picture [87 x 87] intentionally omitted <==

26

FY2021 RESULTS

==> picture [89 x 38] intentionally omitted <==

FIBRE OPTIC PRODUCTS FOR INTRUSION DETECTION

==> picture [54 x 29] intentionally omitted <==

• Global leader in advanced fibre optic intrusion detection systems

• Protect critical sites and infrastructure across transport, government, military and utility sectors

• COVID-19 restrictions led to delays in number of major security-related contracts in FY2021

• Backlog and delayed orders of $5.8m deferred to FY2022

• Strong pipeline of growth opportunities and well positioned to meet pent-up demand

$16.8m

==> picture [114 x 134] intentionally omitted <==

----- Start of picture text -----

$12.3m
$11.5m
----- End of picture text -----

$4.3m

==> picture [193 x 74] intentionally omitted <==

----- Start of picture text -----

-$1.7m
-$2.7m
----- End of picture text -----

$18.5m

==> picture [57 x 160] intentionally omitted <==

----- Start of picture text -----

$5.9m
----- End of picture text -----

US$1-2bn >2,500

est. addressable systems installed market[1] in 70+ countries

FY2018 FY2019 FY2020 FY2021 Revenue EBITDA

1. Ava Risk Group estimate

27

FY2021 RESULTS

==> picture [89 x 38] intentionally omitted <==

HIGH-QUALITY CUSTOMER BASE

==> picture [54 x 29] intentionally omitted <==

SYSTEM INTEGRATORS / DISTRIBUTORS

END USERS

==> picture [88 x 20] intentionally omitted <==

==> picture [82 x 21] intentionally omitted <==

==> picture [63 x 21] intentionally omitted <==

==> picture [81 x 25] intentionally omitted <==

==> picture [91 x 25] intentionally omitted <==

==> picture [117 x 31] intentionally omitted <==

==> picture [75 x 23] intentionally omitted <==

==> picture [90 x 42] intentionally omitted <==

==> picture [58 x 19] intentionally omitted <==

==> picture [73 x 30] intentionally omitted <==

==> picture [38 x 20] intentionally omitted <==

==> picture [93 x 39] intentionally omitted <==

==> picture [77 x 13] intentionally omitted <==

==> picture [50 x 50] intentionally omitted <==

==> picture [49 x 48] intentionally omitted <==

==> picture [47 x 46] intentionally omitted <==

==> picture [44 x 46] intentionally omitted <==

==> picture [76 x 21] intentionally omitted <==

==> picture [79 x 14] intentionally omitted <==

==> picture [46 x 58] intentionally omitted <==

==> picture [53 x 54] intentionally omitted <==

==> picture [51 x 44] intentionally omitted <==

==> picture [46 x 44] intentionally omitted <==

==> picture [47 x 23] intentionally omitted <==

==> picture [77 x 21] intentionally omitted <==

==> picture [51 x 53] intentionally omitted <==

==> picture [72 x 32] intentionally omitted <==

==> picture [102 x 24] intentionally omitted <==

==> picture [37 x 49] intentionally omitted <==

==> picture [85 x 33] intentionally omitted <==

==> picture [95 x 28] intentionally omitted <==

==> picture [64 x 25] intentionally omitted <==

==> picture [73 x 26] intentionally omitted <==

==> picture [95 x 25] intentionally omitted <==

==> picture [82 x 28] intentionally omitted <==

==> picture [70 x 24] intentionally omitted <==

==> picture [38 x 42] intentionally omitted <==

==> picture [85 x 35] intentionally omitted <==

==> picture [83 x 22] intentionally omitted <==

==> picture [85 x 20] intentionally omitted <==

FY2021 RESULTS 28

==> picture [111 x 33] intentionally omitted <==

LEADER IN HIGH SECURITY ACCESS TECHNOLOGY

==> picture [54 x 29] intentionally omitted <==

• Provider of high security card and biometric readers, electromechanical locks and related electronic security products

• Military, critical infrastructure, commercial, industrial and residential applications

• Expanded distribution agreements with locking industry leaders ASSA ABLOY and dormakaba

• Consolidation of Auckland production activities drives operational efficiency and better supports customer demand

US$0.6-1.5bn est. +3,500 sites addressable market[1] in >50 countries

==> picture [27 x 9] intentionally omitted <==

----- Start of picture text -----

$6.2m
----- End of picture text -----

==> picture [328 x 216] intentionally omitted <==

----- Start of picture text -----

$4.3m $4.3m
$3.0m
$2.4m
$0.8m
$0.0m -$0.1m
FY2018 FY2019 FY2020 FY2021
Revenue EBITDA
----- End of picture text -----

1. Ava Risk Group estimate

FY2021 RESULTS 29

==> picture [83 x 25] intentionally omitted <==

PARTNER RELATIONSHIPS EXPAND MARKET REACH

==> picture [54 x 29] intentionally omitted <==

DISTRIBUTORS END USERS

==> picture [107 x 17] intentionally omitted <==

==> picture [78 x 14] intentionally omitted <==

==> picture [120 x 19] intentionally omitted <==

==> picture [44 x 18] intentionally omitted <==

==> picture [62 x 26] intentionally omitted <==

==> picture [89 x 34] intentionally omitted <==

==> picture [48 x 29] intentionally omitted <==

==> picture [61 x 36] intentionally omitted <==

==> picture [74 x 22] intentionally omitted <==

==> picture [77 x 26] intentionally omitted <==

==> picture [34 x 36] intentionally omitted <==

==> picture [75 x 34] intentionally omitted <==

==> picture [38 x 35] intentionally omitted <==

==> picture [42 x 34] intentionally omitted <==

==> picture [60 x 23] intentionally omitted <==

==> picture [85 x 18] intentionally omitted <==

==> picture [66 x 42] intentionally omitted <==

==> picture [67 x 23] intentionally omitted <==

==> picture [47 x 55] intentionally omitted <==

==> picture [62 x 24] intentionally omitted <==

==> picture [49 x 17] intentionally omitted <==

==> picture [74 x 32] intentionally omitted <==

==> picture [39 x 26] intentionally omitted <==

==> picture [51 x 33] intentionally omitted <==

==> picture [47 x 43] intentionally omitted <==

==> picture [61 x 19] intentionally omitted <==

==> picture [38 x 35] intentionally omitted <==

==> picture [45 x 18] intentionally omitted <==

==> picture [72 x 18] intentionally omitted <==

==> picture [53 x 18] intentionally omitted <==

==> picture [37 x 36] intentionally omitted <==

==> picture [46 x 19] intentionally omitted <==

==> picture [51 x 47] intentionally omitted <==

==> picture [72 x 20] intentionally omitted <==

==> picture [57 x 15] intentionally omitted <==

==> picture [47 x 35] intentionally omitted <==

==> picture [50 x 39] intentionally omitted <==

==> picture [75 x 21] intentionally omitted <==

==> picture [37 x 19] intentionally omitted <==

==> picture [96 x 16] intentionally omitted <==

==> picture [42 x 35] intentionally omitted <==

==> picture [30 x 27] intentionally omitted <==

==> picture [86 x 19] intentionally omitted <==

==> picture [78 x 19] intentionally omitted <==

==> picture [78 x 21] intentionally omitted <==

==> picture [68 x 14] intentionally omitted <==

==> picture [40 x 35] intentionally omitted <==

==> picture [56 x 35] intentionally omitted <==

==> picture [80 x 30] intentionally omitted <==

==> picture [35 x 32] intentionally omitted <==

==> picture [38 x 25] intentionally omitted <==

==> picture [83 x 19] intentionally omitted <==

==> picture [69 x 12] intentionally omitted <==

FY2021 RESULTS 30

FORWARD LOOKING STATEMENTS

==> picture [54 x 29] intentionally omitted <==

This presentation is given on behalf of Ava Risk Group Limited (AVA)

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 AVA. Certain statements in this document regarding the Company’s financial position, business strategy and objectives may contain forward-looking statements (rather than being based on historical or current facts).

Any forward-looking statements are based on the current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements are inherently uncertain and must be read accordingly. There can be no assurance that the underlying assumptions will prove to be valid.

All data presented in this document reflects the current views of the Company with respect to future events. Forward-looking statements are subject to risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. To the maximum extent permitted by law, the Company, its officers, employees and agents do not assume any obligation to release any updates or revisions to the information (including any forward-looking statements) in this presentation to reflect any change to expectations or assumptions and disclaim all responsibility and liability for any loss arising from reliance on this presentation or its content.

FY2021 RESULTS 31