FLEXIROAM LIMITED — Investor Presentation 2021

Mar 30, 2021

==> picture [217 x 58] intentionally omitted <==

Connecting the world to infinite possibilities.

==> picture [273 x 408] intentionally omitted <==

March 2021

The Opportunity

==> picture [154 x 225] intentionally omitted <==

==> picture [169 x 215] intentionally omitted <==

83 billion IoT connections by 2024 growing with a CAGR of 130%*

==> picture [150 x 20] intentionally omitted <==

A super connector to anyone, any device, anywhere, any business, any network, anytime.

The IoT solutions market is expected to grow to around USD 1.6 trillion* by 2025

==> picture [33 x 33] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

==> picture [39 x 33] intentionally omitted <==

==> picture [14 x 8] intentionally omitted <==

==> picture [31 x 31] intentionally omitted <==

==> picture [31 x 31] intentionally omitted <==

==> picture [36 x 25] intentionally omitted <==

*Sources:

https://www.juniperresearch.com/press/press-releases/iot-connections-to-reach-83-billion-by-2024-driven https://www.statista.com/statistics/976313/global-iot-market-size/

Our Business Principles

==> picture [62 x 62] intentionally omitted <==

Global network, partners and customers

Spanning 580 mobile network operators and 500k subscribers worldwide

==> picture [66 x 53] intentionally omitted <==

Recurring revenue

Provide services that will yield recurring revenue streams

==> picture [57 x 57] intentionally omitted <==

Asset-light

Owns no upstream mobile network infrastructure

==> picture [72 x 73] intentionally omitted <==

Digital value chain

Ability to scale fast with high cost efficiencies

Every once in a while a new tech . comes and changes everything

All future smart devices in the world need a reliable mobile connectivity for its applications and it should not be coming from plastic sims but from a few lines of codes.

==> picture [342 x 255] intentionally omitted <==

A world class tech engine

A centralised engine that aggregates all mobile network providers (MNOs) to provide seamless and telco-agnostic connectivity to any IoT verticals globally.

==> picture [55 x 35] intentionally omitted <==

==> picture [37 x 44] intentionally omitted <==

ROBUST INFRASTRUCTURE

EMBEDDED CONNECTIVITY

Ability to scale up to billions of devices

• & high availability connection to mission critical applications.

Allowing various IoT verticals to embed connectivity into their applications with a few lines of code

CoRE Connectivity Revolution Engine

==> picture [38 x 38] intentionally omitted <==

==> picture [39 x 40] intentionally omitted <==

MULTI NETWORK CAPABILITY

INDUSTRY AGNOSTIC BILLING

Agnostic to different types of IoT connectivity - 3G/4G/5G to provide global coverage.

Highly customisable subscription plans catered towards various IoT business model need.

CoRE

powers Flexiroam and more

FLEXIROAM TRAVEL

Instant activation and purchases for 6 billion consumer eSIM devices without the need of a physical SIM card.

The global roaming tariff market is expected to grow at a compound annual growth rate of 4.5% from 2020 to 2027 to reach USD 88.9 billion by 2027 .*

FLEXIROAM SOLUTIONS

Allow businesses to embrace the freedom of network agnostic connectivity. Easily scale up globally in a cost efficient manner.

The global market for Internet of things (IoT) end-user solutions is expected to grow to USD 1.6 trillion* by 2025.

==> picture [56 x 55] intentionally omitted <==

==> picture [56 x 56] intentionally omitted <==

==> picture [56 x 56] intentionally omitted <==

==> picture [53 x 56] intentionally omitted <==

M2M

CONNECTED CARS

SMART HOMES

WEARABLES

350 mil devices

166 mil devices

1.2 bil devices

1.1 bil devices

*Sources:

https://www.grandviewresearch.com/industry-analysis/global-roaming-tariff-market https://www.statista.com/statistics/976313/global-iot-market-size/

Already into Consumer and IoT devices

Signed agreement with payment service providers that covers 60% of the market share in Malaysia.

Signed Apple agreement, access to 500 million Apple eSIM devices worldwide up to 2025.

==> picture [32 x 32] intentionally omitted <==

M2M devices 350 million*

==> picture [41 x 32] intentionally omitted <==

Consumer devices 10 billion*

*Sources:

https://www.statista.com/topics/1843/m2m-machine-to-machine/ https://www.statista.com/statistics/1101442/iot-number-of-connected-devices-worldwide https://www.ncta.com/whats-new/infographic-the-growth-of-the-internet-of-things

The need to be

==> picture [168 x 25] intentionally omitted <==

TRAVEL

DATA PASSPORT One user account. One Flexiroam X App. Contactless activation via eSIM. Global coverage access. In-flight data available. Data sharing among users. BNPL powered ewallet – secured payment. Faster transaction.

==> picture [66 x 57] intentionally omitted <==

==> picture [38 x 45] intentionally omitted <==

==> picture [40 x 38] intentionally omitted <==

==> picture [37 x 37] intentionally omitted <==

==> picture [392 x 540] intentionally omitted <==

TRAVEL: Consumer eSIM

Instant activation. Upfront cash. Fully digital.

==> picture [595 x 210] intentionally omitted <==

----- Start of picture text -----

$$ Cash
Downloadable collected upfront
onto devices
Aggregated
network access
$
pay for usage
580 Telecommunication
later
Network Providers Worldwide
----- End of picture text -----

==> picture [25 x 25] intentionally omitted <==

REVENUE MODEL

• Fully digital supply chain. Reduced inventory and distribution cost

• Receive cash upfront, pay for usage only when customers utilise data

• Achieve low customer acquisition cost (CAC) and economies of scale over time

TRAVEL

App Connectivity through consumer superbrands

Embedded connectivity for Travel superbrands, Airlines, Fintech players

Allowing global brands to embed Flexiroam connectivity into their app, access to a global network as they travel Instantly activate connectivity for eSIM customers Partnerships give us access to 30m travelers

==> picture [43 x 43] intentionally omitted <==

==> picture [44 x 44] intentionally omitted <==

==> picture [60 x 45] intentionally omitted <==

==> picture [44 x 43] intentionally omitted <==

==> picture [113 x 30] intentionally omitted <==

==> picture [210 x 234] intentionally omitted <==

----- Start of picture text -----

Flexiroam
----- End of picture text -----

==> picture [137 x 20] intentionally omitted <==

==> picture [254 x 403] intentionally omitted <==

SOLUTIONS: Powering Contactless Payment and more

Increase adoption of contactless payments via Digital wallet drive growing demand for mobile payments.

The mPoS terminal market is poised to grow by USD 6.0bn during 2021-2025 at a CAGR of 20% during the forecast period.

Strong long-term growth opportunities, with Southeast Asia POS terminal market forecast to grow at a CAGR of 32.4% over 2020-2025.

Compatible to various brands:

==> picture [31 x 31] intentionally omitted <==

==> picture [61 x 25] intentionally omitted <==

==> picture [51 x 22] intentionally omitted <==

==> picture [60 x 19] intentionally omitted <==

==> picture [35 x 29] intentionally omitted <==

==> picture [72 x 17] intentionally omitted <==

==> picture [55 x 19] intentionally omitted <==

==> picture [86 x 17] intentionally omitted <==

*Sources:

https://www.researchandmarkets.com/reports/5229961/global-mpos-terminals-market-2021-2025 https://www.mordorintelligence.com/industry-reports/southeast-asia-pos-terminal-market

==> picture [137 x 20] intentionally omitted <==

SOLUTIONS: penetrating mPOS vertical

==> picture [141 x 124] intentionally omitted <==

----- Start of picture text -----

Connectivity
by
----- End of picture text -----

Device Global coverage management platform Cost efficient Secured

==> picture [36 x 36] intentionally omitted <==

==> picture [162 x 290] intentionally omitted <==

----- Start of picture text -----

CameraCamera Grub MerchantGrub App StoreApp Store
Merchant
GalleryGallery User FeedbackFeedbackUser ClockClock
SettingsSettings Consumable MallConsumable Mall User GuideUser Guide
MusicMusic CalculatorCalculator POS StewardPOS
Steward
----- End of picture text -----

==> picture [36 x 36] intentionally omitted <==

Working with mPOS manufacturers with eSIM capability on Android

Getting merchant to incorporate CORE API in their app to activate various eSIM profiles

Easier onboarding process, no sim inventory, global deployment

==> picture [137 x 20] intentionally omitted <==

IoT embedded Devices

==> picture [582 x 210] intentionally omitted <==

----- Start of picture text -----

Monthly
Preloaded at Recurring
manufacturing level revenue
Aggregated
network access
$
pay for usage
580 Telecommunication
later
Network Providers Worldwide
----- End of picture text -----

==> picture [25 x 25] intentionally omitted <==

REVENUE MODEL

• Fully digital supply chain. Reduced inventory and distribution cost

• Certified and provision into devices via manufacturers

• Recurring revenue from enterprise customers with low churn rate (machine lifetime > 10

years)

==> picture [137 x 20] intentionally omitted <==

SOLUTIONS: Capturing the IoT explosion with eSIM ready verticals

==> picture [240 x 389] intentionally omitted <==

----- Start of picture text -----

SMART HOMES
----- End of picture text -----

==> picture [240 x 389] intentionally omitted <==

----- Start of picture text -----

CONNECTED CARS
----- End of picture text -----

==> picture [119 x 33] intentionally omitted <==

----- Start of picture text -----

WEARABLES
----- End of picture text -----

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.

==> picture [172 x 23] intentionally omitted <==

Get in touch with us

==> picture [15 x 11] intentionally omitted <==

jef@flexiroam.com www.flexiroam.com Kuala Lumpur, Malaysia

==> picture [15 x 15] intentionally omitted <==

==> picture [13 x 18] intentionally omitted <==

==> picture [273 x 408] intentionally omitted <==