FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Investor Presentation 2018

Feb 27, 2018

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FIRSTWAVE INVESTOR UPDATE

28 FEBRUARY 2018 ASX: FCT

AT FIRSTWAVE WE’RE BUILDING MOMENTUM

Right place to take advantage of a $10bn opportunity.

Right technology – unique in the market place.

Right team – established experts in place. Right direction in financials.

Right direction with strategic plan.

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REAL MOMENTUM AGAINST COMMITMENTS THROUGH THE 1ST HALF OF FY2018

STRATEGIC

• ✓ Raised $4.35m via a private placement (October 2017) to support the Enable phase of the International expansion strategy

• ✓ Commenced the deployment of a 3 segment operating framework

• ➢ Domestic – Australia, International and Corporate Services

• ➢ Neil Pollock is appointed Chief of Operations and International

• ➢ FirstWave invests $711k business development expenditure supporting the International Segment

EXPANSION

• ✓ Launched new Private Cloud Internet Protect Security offers to FirstWave’s Australian private cloud channel partner

• ✓ Launched Public Cloud Security Platform in International Markets

• ➢ Public platform is operational on Amazon Web Services (AWS) using Cisco Amazon Machine Image (AMI) optimised security appliances

• ➢ FirstWave’s unique public cloud security platform is available in North America and Asia and is designed to be replicated quickly in other regions to meet demand

FINANCIAL

• ✓ Generated new cloud security revenue streams

• ➢ Strong headline revenue growth, reduced operating losses, reduced operating cash outflow

• ➢ Security-as-a-service revenue (licensing and support) grew 57%

• ➢ Private Cloud customer orders grew to 243 up 88 (57%) on the same period last year

• ➢ Total Contract Value of orders was $1.374m

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KEY MILESTONES

BEING DELIVERED AND ON TRACK FY2018 ENABLE PHASE

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FINANCIAL MOMENTUM Financial Results

Financial Results FINANCIAL MOMENTUM	Financial Results FINANCIAL MOMENTUM	Financial Results FINANCIAL MOMENTUM	Financial Results FINANCIAL MOMENTUM
		(2,207,550) $ (2,547,521) $ (2,676,061) $ (2,959,123) $
	65,530 $ (711,400.0) $ (1,561,680) $	(2,207,550) $ (2,547,521) $
	65,530 $ (711,400.0) $ (2,030,191) $	(2,676,061) $ (2,959,123) $

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Revenue REVENUE MOMENTUM

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Security as a Service (SAAS) Monthly Recuring Revenue - SAAS
Revenue $700,000
$3,737,627 $610,639
$4,000,000
$600,000
$3,500,000
$500,000
$3,000,000 $423,600
$2,454,700
$2,500,000 $400,000
$1,981,900
$2,000,000 $300,000
$1,500,000
$200,000
$1,000,000
$100,000
$500,000
$- $-
1H FY16 1H FY17 1H FY18 1H FY17 1H FY18
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• MRR - SAAS is closing monthly revenue for December

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BUSINESS DEVELOPMENT MOMENTUM Operating Expenditure

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Expenditure
$2,500,000
$2,202,200
$2,030,613
$2,000,000
$1,500,000
$1,000,000
$711,400
$500,000
$-
Australia International Corporate
Expenditure
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FINANCIAL POSITION Financial Position

$ 6,321,417 $ 4,885,973

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DISCLAIMER AND ASIC GUIDANCE

Summary information

This Presentation contains summary information about FirstWave and their activities current as at 28 February 2018, unless otherwise stated. The information in this Presentation does not purport to be complete. It should be read in conjunction with the FirstWave’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Not financial product advice

This Presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire FirstWave shares and has been prepared without taking into account the objectives, financial 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 situation and needs and seek legal and taxation advice appropriate to their jurisdiction. FirstWave is not licensed to provide financial product advice in respect of FirstWave shares. Cooling off rights do not apply to the acquisition of FirstWave shares.

Not tax advice

Tax implications for individual shareholders will depend on the circumstances of the particular shareholder. All shareholders should therefore seek their own professional advice in relation to their tax position. Neither FirstWave nor any of its officers, employees or advisers assumes any liability or responsibility for advising shareholders about the tax consequences of the return of capital and/or share consolidation.

Financialdata

All dollar values are in Australian dollars (A$).

Future performance

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, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance.

An investment in FirstWave shares is subject to investment and other known and unknown risks, some of which are beyond the control of the FirstWave, including possible delays in repayment and loss of income and principal invested. FirstWave does not guarantee any particular rate of return or the performance of the FirstWave nor does it guarantee the repayment of capital from FirstWave or any particular tax treatment. Persons should have regard to the risks outlined in this Presentation.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this Presentation. To the maximum extent permitted by law, none of FirstWave, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this Presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this Presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances.

Past performance

Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Not an offer

This Presentation is not, and should not be considered, an offer or an invitation to acquire FirstWave shares.

ASIC GUIDANCE

In December 2011 ASIC issued Regulatory Guide 230. To comply with this Guide, FirstWave is required to make a clear statement about whether information disclosed in documents other than the financial report has been audited or reviewed in accordance with Australian Auditing Standards. This Presentation is unaudited.

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THANK YOU