COMMS GROUP LTD — AGM Information 2023

Nov 20, 2023

==> picture [152 x 52] intentionally omitted <==

2023 AGM Presentation

21 November 2023

COMMS GROUP LIMITED (ASX: CCG) www.commsgroup.limited

==> picture [818 x 4] intentionally omitted <==

This document has been approved by the Board of Comms Group LtdCOMMS GROUP | 1 1

==> picture [347 x 457] intentionally omitted <==

==> picture [152 x 52] intentionally omitted <==

CEO & Managing Directors Address Mr Peter McGrath

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 2

Comms Group Today

==> picture [152 x 52] intentionally omitted <==

A leading provider of cloud-based communications and managed IT services to businesses

==> picture [271 x 273] intentionally omitted <==

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

We enhance business agility
through innovative
cloud-based communications
and IT solutions
----- End of picture text -----

We service our customers via three key divisions

==> picture [399 x 220] intentionally omitted <==

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

Global
Telco service provider Specialist UCaaS and Award-winning IT
to Australian SME CPaaS provider to Managed Service
& corp. mid-market Wholesale, Enterprise Provider supporting
sectors and Global MNCs corporate customers'
(<1,000 employees) (>1,000 employees) ICT needs, focusing on
with the latest with global network innovation and
products and award reach. developing long-term
winning customer relationships.
service.
www.nexttelecom.com.au www.commsgroup.global www.onPlatinum.com.au
----- End of picture text -----

Note: Refer glossary for definitions.

• Located across Sydney, Melbourne, Gold Coast, Singapore, Philippines, and the UK

• • Refer www.commsgroup.limited/managementteam for management team

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 3

FY23 Key Results Summary

==> picture [152 x 52] intentionally omitted <==

==> picture [818 x 140] intentionally omitted <==

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

Continued revenue & EBITDA growth in FY23
with good underlying growth in all business units
----- End of picture text -----

==> picture [371 x 76] intentionally omitted <==

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

FY23 FY23 FY23
Revenue Underlying EBITDA [1] Gross Profit
Up 27% Up 17% Up 27%
to $51.9m to $4.8m to $24.2m
----- End of picture text -----

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

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 4

Business Highlights FY23 & FY24 YTD Strong overall performance emerging across the Group

==> picture [152 x 52] intentionally omitted <==

Strong New Sales Level Continues

• Group new sales in FY23 was strongest level on record with total of $9.6m ARR[1] of new sales contracts closed.

• • Strong sales performance continues into Q1 FY24.

• Our ICT business - onPlatinum - continues to see new sales growth significantly above its targets. Last 12 mths new sales add has been significant which is expected to result in strong revenue growth.

• Restructure announced April 2023 has resulting in circa $2m annualised cost savings.

• Cost

• Reductions • Majority of targeted synergies in the SME & ICT businesses have been delivered over the last 2 years with further synergies delivered in Q4 FY23.

• & Synergies •

• Delivered Cross sell opportunity of IT services has been strong FY24 YTD with over $0.5m ARR of new IT services sales contracts

• Cross sell opportunity of IT services has been strong FY24 YTD with over $0.5m ARR of new IT services sales contracts to our existing telco customers.

• Significant Additional • In June 23 we announced we had signed an additional supply agreement with Vodafone Business’s global business (the business division of Vodafone Group PLC) to expand the range of services provided.

• with Vodafoneagreement • Global is seeing solid growth with several key wholesale customers including Vodafone.

• FY24 has started well with all business units performing strongly.

• YTD Business •

• Performance Q1 FY24 revenue (unaudited) of $13.6m & Q1 FY24 underlying EBITDA (unaudited) of $1.5m & Outlook • In FY24 we expect to close some larger opportunities in our Global business. Both enterprise and wholesale (carrier) deals are in the pipeline.

1 ARR is annual recurring revenue from new sales contracts and excludes upfront or one-off sales.

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 5

Our Global Network

==> picture [152 x 52] intentionally omitted <==

Comms Group is a leader in Microsoft Teams calling for global businesses.

Our Goal is to be the leading provider in the Asia Pacific region for both CPaaS and UCaaS offerings.

We continue to expand our network reach into new countries with a number of licence applications in progress across the Asia Pacific region.

Expansion also underway currently into South America, South Africa & the Middle East.

Currently rolling out new customer facing systems for both our CPaaS and UCaaS offerings with goal to automate and streamline many of the interactions with our key wholesale customers.

==> picture [457 x 322] intentionally omitted <==

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 6

Strategic Review Update

==> picture [152 x 52] intentionally omitted <==

The Board commenced a strategic review in June 2023 to consider all options available to the Board, including a potential sale of one or more of Comms Group’s businesses, in order to maximise shareholder value.

We are part way through this review. We have received interest in a number of our business units and the assessment as to whether any business units will be sold or retained is still underway.

All business units are performing well with strong underlying growth expected across the board.

We are seeing excellent cross-sell opportunities emerging between our domestic IT services and Telco businesses.

The Global business is seeing strong growth potential from a number of key wholesale clients. As such, the Board is keen to see further investment in and expansion of the Global business.

==> picture [329 x 306] intentionally omitted <==

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 7

Business Outlook FY24

==> picture [152 x 52] intentionally omitted <==

==> picture [566 x 226] intentionally omitted <==

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

FY24 revenue FY24 Underlying Seeing strong
target EBITDA target performance
across all 3
$53m $6.5m business units in
to $55m to $7m 1 [st] quarter
----- End of picture text -----

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 8

==> picture [347 x 458] intentionally omitted <==

==> picture [152 x 52] intentionally omitted <==

Contact Us

Website: www.commsgroup.limited Email: www.commsgroup.limited/feedback

COMMS GROUP | 9

==> picture [818 x 4] intentionally omitted <==

Glossary

==> picture [152 x 52] intentionally omitted <==

Term	Definition
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.
CPaaS	Communications Platform as a Service is a cloud-based platform that enables developers to add real-time communications features to their own applications without needing to build backend infrastructure and interfaces. Comms Group provides call termination (SIP Trunks), telephone numbers and management across multiple geographies.
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 businesses typically up to 500 employees.
Unified Communications (UCaaS)	COMMS GROUP

==> picture [818 x 4] intentionally omitted <==

Disclaimer

==> picture [152 x 52] intentionally omitted <==

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. 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 forwardlooking 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.

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. 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 www.commsgroup.limited

==> picture [818 x 4] intentionally omitted <==

COMMS GROUP | 11

==> picture [211 x 60] intentionally omitted <==

==> picture [818 x 356] intentionally omitted <==

COMMS GROUP LIMITED (ASX: CCG) This document has been approved by the Board of Directors