FLEXIROAM LIMITED — AGM Information 2021

Aug 18, 2021

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2021 Annual General Meeting Q2 FY22 – Business Outlook

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Q2 FY22 Key Highlights

Building the brand ahead of the global travel recovery and IoT expansion. Improvements in Key Metrics in Q2 so far

• Paying Users up 24% over the July month, while Data Utilisation grew 73%

• Data usage increase predominately across Europe and Africa where travel has opened up

• Clearer user funnel as Installs convert into Subscribers and Subscribers convert into Paying Users (over a 6-8 week period in the lead up to a trip)

• The Athletics Association partnership launched

• Follows the 2021 Tokyo Olympics, aimed at enhancing Flexiroam’s profile with the support of elite athletes, including numerous Olympic medalists with substantial social media presence

• Similar agreements with further elite sporting organisations will follow

• Footprint with Mastercard APAC continues to increase

• Addition of Citibank in 5 countries over July and August – adds to the volume of end-users with access to Flexiroam

• Solutions business continues to roll out with additional sims activated - total monthly billed sims up 52% from June to July

• Higher travel activity expected from Q3 CY2021

• Countries have opened borders for Tourism since July, notably in Europe, MENA and South America

• Major sources suggest global travel in 2021 will recover to approximately 40% of 2019 levels

2

Flexiroam Travel: Increasing Active (+17% MoM) & Paying Users (+24% MoM) Overall ARPU increased to A$55

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New Subscribers Active Users Paying Users
4,716 +180%
+67% 4,152 +8%
3,207 6,345 5,845 [6,821 ] 3,120
2,518
1,114
Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21
ARPU (A$) eSIM activations Wallet Credit (A $m) No of usersCredit Balance
+12% 52 55 +271%
49 0 +32% 0.5M 1
867
704 0 0.4M 1 0
0 0
234 0 0 0
0 -
Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21
Data Utilisation (TB) Data Usage per User (GB) T10 Country by Data Usage (Jul-21)
+494% 9.1 +453% 1.3 EgyptUSA
Spain
0.9 Uganda
5.3 Turkey
Italy
1.5 0.2 France
UAE
China
Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Jul-20 Sep-20 Dec-20 Mar-21 Jun-21 Jul-21 Germany contributes to 64% of total usage 3
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Note: All graphs above reflect monthly data

Disclaimer

This presentation has been prepared by FLEXIROAM Limited (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so).

Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001. Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law.

Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded.

Nothing in this material should be construed as either an offer to sell or a solicitation off an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

Forward Looking Statements

This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company (“Forward-Looking Statements”. Those Forward-Looking Statements may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks.

The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation of warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these Forward-Looking Statements. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

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2021 Annual General Meeting

Get in touch with us

marc@flexiroam.com www.flexiroam.com

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