EXPERIENCE CO LIMITED — Investor Presentation 2016

Nov 3, 2016

Annual General Meeting 4 November 2016

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PRESENTERS

John Diddams NON-EXECUTIVE DEPUTY CHAIRMAN

Anthony Boucaut EXECUTIVE DIRECTOR Contact Number: +61 415 787 223 Email: bowie@skydive.com.au

Anthony Ritter EXECUTIVE DIRECTOR

Contact Number: +61 466 592 014 Email: a.ritter@skydive.com.au

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AGENDA

• Chairman’s Address

• ① FY16 Review

• ② ③ Strategy

• ④ FY17 Highlights to date

• ⑤ Outlook and Summary

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1. Chairman’s Address

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2. FY16 Review

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OPERATIONAL HIGHLIGHTS – FY16

• ¤ Successful completion of first full financial year as a publicly listed company achieving the goals as set out in the company’s prospectus, continuing to deliver on the key strategic priorities of acquisitions, diversification, start-ups and efficiencies.

• ¤ 2 capital raises, raising a total of $35m, significantly oversubscribed with strong investor support from prominent Australian Institutional investment funds

• ¤ Deployment of capital achieved in FY16 through acquisition and enhancement of NZone Skydive

• ¤ Further deployment of capital achieved through the impending acquisition of Skydive Wanaka on 1 July 2016

• ¤ Growth delivered organically and through acquisition : tandem jumps up more than 126% (YoY) FY16 vs FY15 Final

• ¤ dividend of 1cps, 100% franked, in line with prospectus guidance

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• FINANCIAL HIGHLIGHTS − STRONG GROWTH IN FY16 ACHIEVED

Tandems ¤

Tandems ¤ up 126% from 61,069 to 138,215 Revenues ¤ up 122% from A$26.3m to A$58.5m EBITDA ¤ up 123% from A$6.0m to A$13.5m

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L E A V E Y O U R W O R L D B E H I N D

3. Strategy

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FOUR KEY STRATEGIC PRIORITIES DRIVING FUTURE GROWTH

✔ Acquisitions Efficiencies Diversification ✔ ✔

Further Start ups ✔

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STRATEGIC ACTIVITIES IN FY16

• ¤ NZone Skydive acquisition completed 30 October 2015 • Purchase price $11.7m (4.3x EBITDA 2014)

• • Significant operational efficiencies delivered and natural diversification into an international market

• ¤ Upgrade to aircraft fleet: continued the company’s strategy to obtain larger, more fuel efficient aircraft to assist in the increase of processing rates

• ¤ Upgrade to aircraft engines continued the company’s strategy to update the exhausted engines in the existing fleet with faster, more modern and more fuel efficient engines to increase processing rates and reduce maintenance hours

• ¤ MOU signed for Skydive Wanaka acquisition (acquisition completed 1 July 2016)

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ACQUISITION OF SKYDIVE WANAKA

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Wanaka deal completed July 2016 FY16 Revenue NZ$6.5m FY16 normalised EBITDA NZ$2.3m

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ACQUISITION OF PERFORMANCE AVIATION

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Performance Aviation deal completed October 2016 FY16 Revenue NZ$1.1m FY16 normalised EBITDA A$370k

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ACQUISITION OF RAGING THUNDER ADVENTURES

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RT deal completed October 2016 FY16 Revenue A$14.6m FY16 normalised EBITDA A$3.0m

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ACQUISITIONS STRONG STRATEGIC FIT WITH SKB

• ¤ Executes on SKB’s growth strategies

• Adds established growth businesses to SKB’s market leading position

• Continues SKB’s international operational footprint

• Creates a diversified portfolio of assets

• • Safeguards the business

• ¤ Increases expertise and skills across the business as well as asset optimisation ¤ Synergies – economies of scale with expected cost savings EBITDA accretive for SKB

• ¤ All acquisitions in first year

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5. Outlook and Summary

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EXPECTED FINANCIAL IMPACT AND FY17 GUIDANCE

¤ SKB are pleased to announce that results and KPI’s for the first quarter in FY17 are in line with management expectations and ahead of the same period last year ¤ Acquisitions made in FY16 are EBITDA accretive from date of completion ¤ Strong business momentum is expected to continue in FY17 ¤ SKB has made the decision to not release guidance for FY17, and will reconsider their position after the half year report is produced. Post 31 December 2016 SKB would have had 3 months of Raging Thunder Adventures trade and it is anticipated that the company will be in a better position to provide the market guidance.

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SUMMARY

• ¤ Leading Australian multi-faceted adventure tourism company Premium aircraft fleet

• ¤ ¤ International network with premium locations ¤ Attractive industry with long-term growth ¤ Strong leadership team

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• Although the SKB journey appeared to start in March of 2015, the

• business was actually first conceptualised by a guy and a girl in the back of a bus travelling through Mexico in the summer of 1996. As history suggests, it ended up with a dropzone opening up in Wollongong, NSW in 1999. Since this time we have been

• introduced to and indeed met some wonderful people and fantastic supporters of the business, and we would like to take this

• opportunity to thank not only that guy and girl (who are still with us today), but also our families, our friends, our investors, our

• business partners and most importantly the people that help make SKB the ultimate customer experience it is today … the SKB crew. Bowie & Ant and the rest of the SKB Board of Directors

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DISCLAIMER

Important Notice and Disclaimer: This presentation has been prepared by Skydive the Beach Group Limited ACN 167 320 470 ("SKB”)

Summary information

This presentation contains summary information about SKB and its related bodies corporate and their activities, current as at 31 October 2016. The information in this presentation is a general background and does not purport to be complete or comprise all the information that an investor should consider when making an investment decision. SKB, its Directors, Officers, Employees and advisers have used reasonable endeavours to ensure that the information contained in this presentation is not misleading but they make no representation or warranty in this regard and, to the extent permitted by law, disclaim all liability arising from any direct, special, indirect or consequential losses of any kind arising from any cause (including without limitation negligence) which any person may sustain as a result of reliance on this presentation. The information contained in this presentation has not been independently verified.

Not financial product or investment advice

This presentation is for information purposes only and is not a prospectus, product disclosure statement or other offer document under Australian law or the law of any other jurisdiction. This presentation is not financial product or investment advice, a recommendation to acquire SKB securities, or accounting, legal or tax advice. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals.

Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs, and seek appropriate professional advice. SKB is not licensed to provide financial product advice in respect of SKB securities. Cooling off rights do not apply to the acquisition of SKB securities.

Financial data

Investors should be aware that certain data included in this presentation may not have a standardised meaning prescribed by Australian Accounting Standards, and therefore may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards.

Future performance

This presentation may contain certain forward-looking statements. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements, including projections, indications or guidance on future earnings and financial positions, or expected synergies arising from the acquisition the subject of this presentation, including cost synergies and estimates should not be relied upon as an indication, representation or guarantee of future performance. No representation, warranty or assurance (express or implied) is given or made in relation to any forward-looking statements by any person including SKB. Actual results, performance or achievements may vary materially from any projection and forward-looking statements and the assumptions on which those statements are based. SKB disclaims any obligation or undertaking to provide any updates or revision to any forward-looking statements in this presentation.

Investment risk

SKB does not represent or warrant any particular rate of return or performance of SKB, nor does it represent or guarantee the repayment of capital from SKB or any particular tax treatment. This presentation is not and should not be considered an offer to sell, or an invitation or solicitation to buy, SKB securities and does not and will not form any part of any contract for the acquisition of SKB securities. Any investor in SKB will need to be a person in respect of whom disclosure is not required under Part 6D.2 of the Corporations Act 2001.

Not an offer in the United States

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The distribution of this presentation in other jurisdictions outside Australia may also be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities law. By accepting or accessing this presentation you represent and warrant that you are entitled to receive such presentation in accordance with the above restrictions and agree to be bound by the representations, terms, limitations, indemnities and disclaimers contained herein. © 2016 Skydive the Beach Group Limited ACN 167 320 470

Past performance

Past performance information given in this presentation is for illustrative purposes only and should not be relied upon as (and it is not) an indication of SKB's views on its future financial performance or condition. Investors should note that past performance of SKB or any of its related bodies corporate or proposed acquisition targets cannot be relied upon as an indicator of future SKB performance including future share price performance.

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Further information www.skydive.com.au also: www.nzoneskydive.co.nz www.skydivewanaka.co.nz www.ragingthunder.com.au

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