COMMS GROUP LTD — Investor Presentation 2022

May 2, 2022

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Comms Group Presentation to NWR Conference

3 May 2022

COMMS GROUP LIMITED (ASX: CCG) https://commsgroup.limited

This document has been approved by the CEO 1

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Company Overview

COMMS GROUP | 2

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Comms Group at-a-glance

A leading B2B provider of cloud communications (UCaaS[1] ) and managed IT & cloud services to businesses

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We service our customers via
three key divisions
Voice Services
Our goal is to
Global
enhance business
Data Services
agility through Telco services Global specialist Leading ICT
innovative domestically to the UCaaS [1] provider to managed services
SME and corporate wholesale, provider with strong
cloud-based Unified
mid-market enterprise and reputation for
Communications
communications sectors MNCs quality, expertise
Solutions (UCaaS) (<1,000 employees) (>1,000 employees) and innovation
and IT solutions
Managed IT & Cloud www.nexttelecom.com.au https://commsgroup.global https://onplatinum.com.au
Services
140 staff located across Sydney, Melbourne, Gold Coast, Singapore, Philippines
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1 Unified Communications as a Service (UCaaS): a communications delivery model based on the cloud, that allows companies to access key comms services including telephony (voice), video, messaging, chat, collaboration, document storage supporting teamwork, agility, mobility and work from anywhere.

COMMS GROUP | 3

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Key timeline of events

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August 2020

• Expands global MS Teams calling network to China, Philippines, Tokyo, the US and Europe

• 700% increase in underlying EBITDA to $2.5m for FY20

December 2020

• Acquisition of leading SME telco provider Next Telecom increasing revenue to $30m+ annualised

August 2021

• Acquisition of SME telco Switched On, building base in Melbourne, increasing annualised revenue to $36m+

March 2022

September 2021

• Partnership with

• • Partnership with Vodafone Business Vodafone Fiji

February 2022

November 2020

• Re-branding of parent company

• April 2019 to Comms • Peter McGrath Group Limited

• Peter McGrath appointed as CEO & MD

April 2021

• Acquisition of Melbourne based telco infrastructure owner Binary Networks

August 2021

• Branding change with Next Telecom serving domestic SME & Comms Group serving global, wholesale and Enterprise

• 28% increase in underlying EBITDA to $3.2m for FY21

• Acquisition of leading ICT Services provider onPlatinum

• Inaugural debt facility of $10m with CBA established

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COMMS GROUP | 4

Our products and services

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A highly focused B2B telco with a full ICT product suite and leading position as a global unified communications provider

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Voice services

• Replace legacy ISDN/PABX lines

• • Move traditional “in-office” PABX to the cloud

• Advanced cloud business phone/hosted PBX (domestic)

• Global PBX for International offices

• Inbound 13/1300/1800 services

• • 4G/5G Mobile & Mobile Broadband

Wholesale/Global

• SIP Trunks

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Data services

• High speed fibre-optic based data & internet services

• NBN services inc. NBN Enterprise Ethernet

• Own our own Layer 2 and Layer 3 (ISP) networks

• SD WAN

• Multi-carrier diversity services

• Access to Cloud Services

• Firewall services

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Unified Comms Solutions (UCaaS)

• Industry leading Global Microsoft Teams calling (Direct Routing)

• Range of value-added applications

• Contact Centre

• Call Recording

• • Call Analytics

• SMS messaging with integration to MS Teams

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Managed IT services

• 24x7 IT Managed services

• • Provision of ICT hardware • Security services

• Cloud based services (Azure, VMWare)

• Own our own Cloud IaaS Virtual Server cluster (VMWare)

• Desktop as a service

• Backup as a service

• SIP & MS Teams calling services wholesale

• Call Termination Services

• Global DIDs/Telephone numbers – 100+ countries

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COMMS GROUP | 5

Leading global Microsoft Teams calling provider Comms Group provides a world leading international calling experience

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Comms Group has added a number of key products to its key Unified Communications offering, including:

• 1 Contact Centre for Microsoft Teams Native contact centre for Microsoft Teams. Intuitive and powerful web administration.

• 2 Call Recording for Microsoft Teams Native cloud-based Call Recording for Microsoft Teams – PCI Compliant. Seeing good interest from financial services firms.

• 3 Call Analytics for Microsoft Teams Measure Call Sentiment through CommsChoice Insights, AI-driven Speech Analytics license, which measures conversation pace, volume, pitch, and tonality.

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COMMS GROUP | 6

Comms Group global network

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

Extensive international network with the most extensive Asia Pacific coverage.

Recently completed expansions into China , Japan , Philippines, HK and Indonesia .

The first and only provider of Microsoft Teams calling in China .

Continuing to expand into under served markets - currently expanding into India, South Africa and Vietnam and other Asian countries shortly.

Singapore sales office established in 2021

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COMMS GROUP | 7

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Business Update and Outlook

COMMS GROUP | 8

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Recent business update

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• A significant global agreement to provide key unified communications and related telecommunications services to

• Vodafone leading international telco provider Vodafone Business

• agreement • Expected launch in June or July 2022, ~6 months later than originally expected •

• Sales Total of $138,000 monthly recurring revenue of new sales contracts in Q3 including $38,000 from onPlatinum • Total of $235,000 monthly recurring revenue of new sales contracts closed in 1H22

• pipeline • Strong pipeline of sales prospects across the Group • Significant Global opportunities in offshore UCaaS and CPaaS building

• Global • Face-to-face meetings with prospects in UK/Europe and Asia held in April and upcoming meetings in the USA in May

• business • Expectation to close some key prospects shortly

• Additional • Added additional resources into the Global business including new CEO Mr Zac Crofts in Singapore resources • Added additional sales resources into domestic SME business (Next Telecom) Change in • Saw reduced spend on domestic telephony services by a key Global wholesale client in the consumer services area

• spend from • We do not expect recovery to previous levels for this client for the remainder of FY22 •

• a key client However, we do expect to make up this lost revenue and margin quickly Synergies • Good progress with synergy extraction for Next & Binary acquisitions. from • Estimate of ~$0.5m per annum in synergies released so far and expect similar levels to be released in FY23 •

• acquisitions Work underway with onPlatinum synergies with ~$0.3m expected initially

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COMMS GROUP | 9

FY22 outlook and beyond

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FY22 Revenue is still expected to be between

$40m-$43m

FY22 Underlying EBITDA now expected to be between $4.4m-$4.8m

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Before start-up costs associated with the Vodafone contract which are estimated to be between $0.5m to $0.7m in FY22

From FY23 onwards expect annualised revenue to be >$50m

From FY23 onwards expect annualised EBITDA to be >$6m

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With potential for new material contracts currently being worked on to add incremental EBITDA in FY23

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COMMS GROUP | 10

Disclaimer

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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 3 May 2022. 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 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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COMMS GROUP | 11

Glossary

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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	CPaaS stands for Communications Platform as a Service. A CPaaS 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.
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.
Unified Communications (UCaaS)	COMMS GROUP

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COMMS GROUP LIMITED (ASX: CCG) https://commsgroup.limited

This document has been approved by the Board of Comms Group Limited COMMS GROUP | 13 13

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