DTI GROUP LTD — Interim / Quarterly Report 2022

Jul 28, 2022

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29[th] July 2022

DTI GROUP LTD (ASX:DTI) QUARTERLY BUSINESS ACTIVITY REPORT & APPENDIX 4C

Australian technology provider DTI Group Ltd (“DTI”) (ASX: DTI), releases its Quarterly Business Activity Report and Appendix 4C Cash Flow Report for the quarter ending 30[th ] June 2022.

Net operating cash outflow was $0.58M for the quarter and $1.3M for the year-to-date. A cash equivalent balance of $1.55M is reported as of 30[th ] June 2022.

Business Activity

DTI is focused on the delivery of the products and services to customers which include:

• Alstom Transport India Ltd

• Metro Trains Melbourne

• Brisbane City Council

• Siemens Mobility, Inc

Orders have been received for the new digital recorder systems targeting the bus segment.

The global shortage of semi-conductors and electronic components continues to impact the delivery times for some hardware products.

Forward Outlook

DTI is focused on successfully delivering the pipeline of contracted opportunities, improving the engagement with existing customers and potential customers, and continuing the development of products which are attractive to target market segments.

Appendix 4C:

The quarterly cashflow report (4C) for the quarter details expenditure on the abovementioned operations. During the quarter, $2.1M was expended on product manufacturing and operations, $0.85M on staff costs and $0.35M on administration.

A cash equivalent balance of $1.55M is reported as of 30[th ] June 2022. Net operating cash outflow was $0.58M for the quarter, and $1.3M for the year-to-date.

In accordance with Listing Rule 4.7C, payments made to related parties and their associates are included in Appendix 4C section 6.1 and these payments are entirely for Directors’ fees.

This ASX communication has been approved for release by Mr. Greg Purdy, Chairman.

About DTI Limited

DTI develops and provides world-leading surveillance, video analytics, and passenger information systems technology and services to the worldwide mobile transit industry. Our customers include transit agencies, vehicle operators, vehicle manufacturers, and law enforcement agencies. Products and services include on-board recording equipment, passenger information equipment, fleet management systems, back-end mass storage and retrieval facilities, and end-to-end managed services.

Core technology development and systems design activities are undertaken from the company’s headquarters in Perth, Australia.

DTI GROUP LTD

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For further information, please contact:

Mr. Matt Strack Chief Executive Officer +61 447 007 505

Mr. Ian Hobson Company Secretary +61 (8) 9388 8290

DTI GROUP LTD

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

DTI GROUP LTD

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+Rule 4.7B

Appendix 4C

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

Name of entity

Name of entity	Name of entity	Name of entity	Name of entity
DTI Group Limited
ABN		Quarter ended(“currentquarter”)
15 069 791 091		30/06/2022
Consolidated statement of cash flows		Current quarter $A’000	Year to date (12 months) $A'000
1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Payments for (a) research and development (b) product manufacturing and operating costs (c) advertising and marketing (d) leased assets (e) staff costs Cash flows from operating activities Receipts from customers Receipt of Government Grant revenue Other (GST) Net cash from / (used in) operating activities* (f) administration and corporate costs Dividends received (see note 3) Interest received Interest and other costs of finance paid Income taxes paid Government grants and tax incentives		2,891 0 -78 -2,078 -29 -53 -853 -335 0 0 -13 0 0 -41	17,733 0 -392 -10,920 -34 -139 -4,675 -2,710 0 1 -43 0 0 -121
		-588	-1,300
Cash flows from investing activities 2.0		Current quarter $A '000	Year to date (12 months) $A'000
Payments to acquire: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets Cash flows from loans to other entities Dividends received (see note 3) Other (provide details if material) Net cash from / (used in) investing activities 2.1 2.2 2.3 2.4 2.5 2.6		-2 0 0	-4 16 0
		-2	13

Cash flows from financing activities 3.0	Current quarter $A '000	Year to date (12 months) $A'000
Proceeds from issues of equity securities (excluding convertible debt securities) Proceeds from issue of convertible debt securities Proceeds from exercise of options Transaction costs related to issues of equity securities or convertible debt securities Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other (provide details if material) Net cash from /(used in) financing activities 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10	0 0 0 0	2,010 1,000 -1,000 0
	0	2,010

4.0	Net increase / (decrease) in cash and cash equivalents for the period	Current quarter $A '000	Year to date (12 months) $A'000
4.1 4.2 4.3 4.4 4.5 4.6	Cash and cash equivalents at beginning of quarter/year to date Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) 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 quarter	2,075 -588 -2 0 73	766 -1,300 13 2,010 70
		1,558	1,558
5.0	Reconciliation of cash and cash equivalents	Current quarter $A’000	Previous quarter $A’000
	at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
5.5 5.1 5.2 5.3 5.4	Bank balances Call deposits Bank overdrafts Other (provide details) Cash and cash equivalents at end of quarter (should equal item 4.6 above)	1,558	2,075
		1,558	2,075
6.0	Payments to related entities of the entity and their associates		Current quarter $A'000
6.1 6.2	Aggregate amount of payments to related parties and their associates included in item 1 - Director/Secretary payments Aggregate amount of payments to related parties and their associates included in item 2		-37
			0
	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

7.0	Financing facilities available	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
7.3 7.4 7.1 7.2	Loan facilities Credit standby arrangements Other Total financing facilities
		0	0
		0	0
7.5 7.6	Unused financing facilities available at quarter end Description of facililities		0
	Not applicable
8.0	Estimated cash available for future operating activities		$A’000
8.3 8.4 8.5 8.1 8.2	Unused finance facilities available at quarter end (item 7.5) Total available funding (Item 8.2 + Item 8.3) Estimated quarters of funding available (Item 8.4 divided by Item 8.1) Net cash from / (used in) operating activities (item 1.9) Cash and cash equivalents at quarter end (item 4.6)		-588 1,558 0
			1,558
			2.6
2 3 8.6 1	If Item 8.5 is less than 2 quarters, please provide answers to the following questions: 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?
	Answer: Not applicable
	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: Not applicable
	Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
	Answer: Not applicable

Compliance statement

• This statement has been prepared in accordance with accounting standards and policies which comply with

• 1 Listing Rule 19.11A.

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

Date: 29/07/2022 Authorised by: by the Board of Directors

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

Notes

The quarterly report and the accompanying activity report provides a basis for informing the market how the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash 1 position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

• If this quarterly 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 report has been

• 2 prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

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

• If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board. If it has been authorised for release to the market by a committee of your board of directors, you can

• 4 insert her: "By the [name of board committee - eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".

• 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 Governance Coucils Corporate governance Principles and Recommendations, the board should have received a declaration from its CEO and

• 5 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 fows 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.