FMR RESOURCES LIMITED — AGM Information 2021

Nov 17, 2021

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ASX RELEASE

18 November 2021

2021 AGM CEO Address

Applyflow Ltd (ASX:AFW) ( Applyflow or Company ) provides the following Address to Shareholders, to be presented at the 2021 Annual General Meeting today:

• Mr Steve Butler, CEO.

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This announcement was approved for release to ASX by Applyflow’s Board of Directors.

Contact

Steve Butler John Winters CEO Non-Executive Director steve@applyflow.com john@applyflow.com

About Applyflow

Applyflow is on a mission to make the recruitment experience better for everyone by giving recruiters an easy to use yet powerful tech solution to manage their entire business flow. A fresh take on what the recruitment process should be and the tools your team needs to make it a reality.

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Applyflow Ltd. ABN 29 107 371 497

Level 4 82 Elizabeth Street Sydney NSW 2000

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Investor Presentation

November 2021

Disclaimer

This document has been prepared by Applyflow Ltd (Company) for information purposes about the Company and its subsidiary companies (Group). It has been prepared for use in conjunction with a presentation and should be read in that context.

The information contained in this document is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. In preparing and providing this document, the Company has not considered the objectives, financial position or needs of any particular recipient. The Company strongly suggests that investors consult a financial advisor prior to making an investment decision.

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 the Group or their shareholders, directors, officers, employees, contractors, agents or advisors, 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 information contained in this document.

This document includes “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan”, “guideline”, “guidance” and other similar expressions. Indications of, and guidance on, revenue models, pricing, earnings and financial position and performance are also forward-looking statements.

Such forward-looking statements are not guarantees of future pricing, performance and events, and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group and their directors, officers, employees, contractors, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. In particular, potential revenue opportunities and guideline pricing models set out in this document are based on certain assumptions which may in time prove to be false, inaccurate or incorrect. Readers are cautioned not to place undue reliance on forward looking statements and the Company assumes no obligation to update such information.

This document is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in any jurisdiction, and neither this presentation nor anything contained in it forms the basis of any contract or commitment. Without limiting the foregoing, this document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

W h a t w e d o

Applyflow powers recruiters with technology

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Applyflow

O u r C l i e n t s Trusted by recruitment leaders around the globe

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----- Start of picture text ----- +100s of others----- End of picture text -----

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----- Start of picture text ----- Applyflow----- End of picture text -----

p a r t n e r s h i p s Strong relationships to scale new B2B payment product

Applyflow powers over 250+ recruitment firms Existing customer relationships to accelerate strategic partnerships and Applypay adoption.

Applypay backed by Hudson

Hudson to lead roll-out of Applypay service as its exclusive finance solution for a minimum two-year period as a strategic partnership.

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Pay in instalments

Pay invoice AFW-02301 from Hudson Australia Pty Ltd in 4 monthly payments of $5,000.00. Invoice TOTAL $20,000 AUD 1 Pay now $5,000 AUD 2 Dec 13th, 2021 $5,000 AUD 3 Jan 13th, 2022 $5,000 AUD 4 Feb 13th, 2022 $5,000 AUD

Powered by

M a r k e t o p p o r t u n i t y

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Applyflow’s recruitment tech stack

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----- Start of picture text ----- Recruit with Pay withSoftware as a Service (SaaS) Transaction-based (FinTech)Recruitment Job Job Candidate Applicant Payments New featureswebsite Board distribution database tracking & Instalments coming soon...Recruitment Agencies Corporates Recruitment Agencies Corporates~$2.4m Launching inAnnual Recurring Revenue Q2 FY22$2.26bn¹ $498bn²<> <>----- End of picture text -----

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"( https://www.imarcgroup.com/recruitment-software-marke% �( https://www2.staffingindustry.com/site/Editorial/Daily-News/Largest-global-staffing-firms-post-224-billion-in-revenue-market-estimated-at-498-billion-56020

I n v e s t i n g i n g r o w t h

Scaling to meet opportunities

Headcount growth in revenue generating roles

Go to market campaigns Q3 FY22

Scaling sales, marketing & operations to accelerate growth and focus on new business.

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Team appointed to launch Applypay

Expansion of product portfolio

R e c e n t a c t i v i t y

Q1 FY22 highlights

Cash receipts

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----- Start of picture text ----- $688kQ1FY22$627kFY20Q4RevenueFY21$593kQ3FY21----- End of picture text -----

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----- Start of picture text ----- Highlights----- End of picture text -----

Q1 FY22:

• Closed a $5.66 million Underwritten Non-Renounceable Entitlements Offer, with the Company receiving applications for $3 million from existing shareholders • Accelerating growth for the third consecutive quarter, cash receipts up 10% QoQ • 92% of Applyflow SaaS customers are now on 12 – 36 month contracts, shifting focus to new business

• 12 month contract renewal with global recruiter Adecco

• Significant Applypay development readying for public beta and launch in Q2 FY22

Subsequent to Q1 FY22:

• Marquee partnerships with Hudson to lead roll-out of Applypay as its exclusive finance solution for the recruitment market

• Strategic sales & operational hires appointed to drive the launch of Applypay in Q2 FY22

C o m p a n y O u t l o o k

Applyflow in FY22

1. Leveraging existing client relationships to launch Applypay in Australia and evaluate expansion to new markets.

2. Scaling sales, marketing & operations to accelerate growth and focus on new business.

3. Continued investment in product innovation.

4. Continued focus on customer relationships and retention.

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S u m m a r y

Investment highlights Growth inflection point

A shift in focus to new business, growth for the third consecutive quarter with Applyflow and the upcoming launch of Applypay. Scalable opportunities Funded to scale with large addressable markets, diversified revenue streams and category-leading technologies. Mission driven Product-driven team focused on delivering category-leading technologies to make recruitment better for everyone.

Valuable relationships

Relationships with over 250 recruitment firms and a strategic partnership with Hudson to accelerate Applypay adoption. Favourable macro trends Macro trends indicate the potential for a post-covid recruitment surge with the “great resignation”.¹ Board & management team

A team with a strong track record of highgrowth startups, recruitment technology and BNPL solutions.

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� https://en.wikipedia.org/wiki/Great_Resignation

A p p l y f l o w T e a m

A mix of passion and experience

A team with a strong track record of high-growth startups, recruitment technology and BNPL solutions.

Philip Crutchfield Non-Executive Chairman

Leading QC with significant corporate experience. Ex-Chair of Zip Co, chair of Superhero, director of Bell Shakespeare and ex-Mallesons.

John Winters

Non-Executive Director

Ex-Shaw and Partners and Macquarie Group, John has a deep understanding of capital markets, corporate advisory and the BNPL space. John lead the listing of Zip Co in 2015 and is also the co-founder and CEO of Superhero.

Steven Butler

CEO

H as built and lead technology-based businesses

HR spanning tech, marketplaces, and e-commerce – at both early-stage start-ups and high profile venture-backed companies in UK and APAC regions.

Richard Swanton

CRO

Sales and commercial background focused on digital media. Ex-LivingSocial, NRS Media. Richard is also the Founder of Workconex with several years of experience in recruitment technology.

Steven Papadopoulos Non-Executive Director

Over 20 years practice as a lawyer and corporate advisor, with considerable experience in assisting and guiding small and micro-cap companies, including numerous technology companies, listed on the ASX.

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Steve Butler CEO steve@applyflow.com