COMMS GROUP LTD — AGM Information 2021

Nov 22, 2021

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2021 AGM

COMMS GROUP LIMITED (ASX: CCG)

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C O M M S GRO UP | 1 This document has been approved by the Board of Directors

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Agenda

Chairman’s Address	3
CEO & Managing Director Update	4
Formal Resolutions & Shareholder Voting	13

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Chairman Mr John Mackay

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CEO & Managing Director’s Address Mr Peter McGrath

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Our Business Today

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• Leading provider of cloud communications and unified communications as a service (UCaaS) solutions to businesses.

• Our Goal is to enhance business agility through innovative cloud communications solutions.

• Leader in Microsoft Teams calling for global business with an extensive international network including the most extensive. APAC coverage

We service our customers via two key divisions

Our Strategic Imperatives

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Domestically to the SME/Corporate sector (Up to 1,000 employees)

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Specialist UCaaS provider to Wholesale, Enterprise and Global MNCs (+1,000 employees)

• Extend our services in the corporate mid market sector with a full ICT service offering

• Become a key UCaaS provider throughout the APAC region and globally, servicing the wholesale and enterprise (MNC) sectors

• Grow to scale organically and via acquisitions to over $100m revenue with commensurate increase in profitability

• Expand interstate to become a national domestic provider

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FY21 Highlights

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Becoming Comms Group

Comms Group became the new name for the Group from Nov 2020

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Three key acquisitions

Next Telecom, Binary Networks and Switched On Australia, reinforcing our SME business and increasing scale of the overall business

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Singapore Expansion

With carrier license obtained we opened our Singapore office, targeting wholesale and MNCs in the Asia Pacific region

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Successful Integrations

Good progress with synergies and integration of acquired businesses

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Expanded network Expanded out international network to cover additional countries allowing the business to offer UCaaS services to over 100 countries

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Increasing scale

Significant increase in overall scale with business turnover increasing by over 100%

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FY21 Key Results Summary

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INCREASED SCALE AND CONTINUED PROFIT GROWTH

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FY21 Revenue FY21 EBITDA[1] FY 21 Gross Profit Up 30% Up 20% Up 23% to $25.2m to $3.2m to $11.4m

1 Underlying EBITDA excludes net interest, tax, non-cash share LTIP costs, depreciation, amortisation and business, integration & restructuring costs.

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Business Update

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Comms Group started the year strongly and is well-positioned to deliver further growth in FY22

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FINANCIALS HIGH LEVEL OF TRACKING WELL SYNERGIES

• ü Revenue of $11.4m & underlying EBITDA[1] of $1.2m for 4 months to end of October 2021 (unaudited financials)

• ü All three recent acquisitions are performing either in line with, or ahead of expectations

• ü FY22 revenue expected in the range of $36m to $38m and underlying EBITDA[1,2] expected to be in the range of $4.5m to $5m

• ü Strong level of synergy extraction year to date

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STRONG INVESTING FOR KEY CUSTOMER NEW SALES FURTHER GROWTH WINS

• ü Additional staff hires ü Continued customer resulting in some wins with additional opex increases in mid market and order to support Enterprise accounts growth initiatives

• ü Strong new sales performance in Q1 with new sales of $134k MRR (monthly recurring revenue)

• ü Key international

• ü Key hires in sales & wholesale accounts customer support added including Vodafone Fiji

• ü One of the highest quarterly new sales levels to date for the business

• ü Further systems development work undertaken

1 Underlying EBITDA excludes net interest, tax, non-cash share LTIP costs, depreciation, amortisation and business, integration & restructuring costs. 2 Which includes 10 months from Switched On acquisition

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Longer-term 4 Pillar Growth Strategy

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Domestic Wholesale Enterprise MNCs STRATEGIC SME & Corporate Domestic & Global Domestic & Global ACQUISITIONS

Corporate mid market providers

Expand coverage domestically and internationally

• UCaaS services including MS Teams calling

• Contact centre, call recording, call analytics for MS Teams

• Extensive voice, data, SDWAN and security offerings

• Fibre & NBN access services

• SIP services

• CTS

• UCaaS services including MS Teams calling both domestically and internationally

• UCaaS services including MS Teams calling

• Value add UCaaS applications (e.g. call recording and analytics)

• SD-WAN offerings to multi-site global customers

• SME and Corporate service providers

• UCaaS providers

• Data and Managed IT providers

• Expanding national & potentially global coverage

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Comms Group Outlook

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Significant prospect list of key new sales deals.

Working on closing further business with major enterprise and wholesale international customers.

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Strong pipeline of near term accretive acquisition opportunities being pursued.

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In advanced discussions with a commercial lender for a debt facility to support strategic growth initiatives including M&A.

Cash position of ~$2m at 19 Nov 2021 with zero debt.

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FY22 revenue expected in the range of $36m to $38m. FY22 underlying EBITDA[1 ] expected to be in the range $4.5m to $5m which includes 10 months from Switched On acquisition.

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A endix - Some Definitions pp

Cloud Communications	The provision of key communications services from cloud servers based in data centres and over high speed internet connections.
Cloud PBX, Cloud Phone, Hosted PABX	A cloud PBX functions the same as an in office PABX but is hosted in a cloud server accessed via the internet. This is becoming the preferred option for providers and customers today. Comms Group operates a global Cloud Phone network.
Corporate mid-market	For Comms Group, this is larger organisations with typically 500+ employees and monthly spend (MRR) of typically > $5,000.
CTS	Call Termination Services – provision of a service by wholesale service providers to terminate voice calls in different markets or countries and on to different networks such as mobile and fixed voice networks.
Data Service	A broadband service that delivers voice, video and data over a private network or the Internet. NBN and fibre optic services are the most common forms of data services in the SME and corporate mid-market. Comms Group operates a domestic Layer 2 (data) and Layer 3 (internet) network with key Points of Presence (PoPs) in Sydney, Melbourne & Brisbane and aggregates a range of layer 2 wholesale access services.
Enterprise	For Comms Group, this is organisations with typically > 1,000 employees and operating multi-nationally as an MNC.
Fibre (optic)	Use of fibre optic networks to carry digital signals (data) via light transmission at very high speeds, transforming the telco and cloud services market globally.
ICT	Information Communication Technology is an umbrella term that covers the wide range of IT services and Communications services provided to businesses.
MNC	Multi national corporate whereby the corporation has offices, facilities and assets in multiple countries.
MRR	Monthly recurring revenue is the monthly recurring annuity style revenue received from customers.
NBN	Australia’s national broadband network, which is a wholesale open access data network, replacing older copper and cable broadband with optic fibre networks, high speed switches and other technologies.
PABX	A typically in-house telephone switching system that interconnects telephone extensions to each other as well as the outside telephone network known as the public switched telephone network (PSTN).
SD-WAN	A software-defined wide-area network (SD-WAN) uses software-defined network technology, such as communicating over the Internet with encryption between an organisation's locations. Allow companies to build higher-performance WANs using lower-cost and commercially available Internet access. SD-WAN is replacing traditional data networks such as MPLS.
SIP	Session Initiation Protocol - being the standard IP telephony signalling protocol used to manage voice calls over the internet.
SME	For Comms Group, this is small to medium enterprise typically up to 500 employees.
UCaaS, Unified Communications	C O M M S GRO UP

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Disclaimer

The material in this presentation is a summary of Comms Group Ltd’s (CCG) activities and results, and is current at the date of preparation, 23 November 2021. Further details are provided in the Company’s full and half year accounts and results announcements released to the ASX.

No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in the presentation (“forward- looking statements”). Such forward-looking statements are by their nature subject to significant uncertainties and contingencies and are based on a number of estimates and assumptions that are subject to change (and in many cases are outside the control of CCG and its Directors) which may cause the actual results or performance of CCG to be materially different from any future results or performance expressed or implied by such forward- looking statements.

Undue reliance should not be placed on forward-looking statements and except as required by law or regulation, CCG assumes no obligation to update these forward-looking statements. To the maximum extent permitted by law, CCG and its related corporations, Directors, officers, employees and agents disclaim any obligations or undertaking to release any updates or revisions to the information in this presentation to reflect any change in expectation or assumptions and disclaim all responsibility and liability for these forward-looking statements (including without limitation, liability for fault or negligence.)

This presentation provides information in summary form only and is not intended to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.

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Due care and consideration should be undertaken when considering and analysing CCG’s financial performance. All references to dollars are to Australian Dollars unless otherwise stated.

To the maximum extent permitted by law, neither CCG nor its related corporations, Directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

Certain financial data included in this presentation may be “non-IFRS financial information” under Regulatory Guide 230 Disclosing non-IFRS financial information published by ASIC. [The non-IFRS financial information in this presentation may include underlying profit after tax]. CCG believes this non-IFRS financial information, where included, provides useful information to users in measuring the financial performance and conditions of CCG. The non-IFRS financial information measures do not have standardised meanings prescribed by International Financial Reporting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be considered as an alternative to other financial measures determined in accordance with International Financial Reporting Standards. Undue reliance should not be placed on any non-IFRS financial information.

This presentation is not and should not be considered as an offer or an invitation to acquire shares in CCG or any other financial product and does not and will not form any part of any contract for the acquisition of shares.

This presentation should be read in conjunction with other publicly available material. Further information including historical results and a description of the activities of CCG is available on our website https://commsgroup.limited

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Formal Resolutions & Shareholder Voting

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