FRONTIER DIGITAL VENTURES LIMITED — Investor Presentation 2021

Nov 14, 2021

==> picture [165 x 48] intentionally omitted <==

ASX Code: FDV

15 November 2021

Legal restructure and updated investor presentation

• FDV is intending to restructure its operating companies along geographical lines – FDV LATAM, FDV Asia and FDV MENA

• Regional structure to enhance growth opportunities and support FDV at full potential

• Restructure expected to improve operational efficiencies, increase organic and inorganic growth opportunities, enhance management culture and accountability, foster greater knowledge sharing and innovation and strengthen FDV’s regional presence, as well as increase monetisation options over time

• Release of an updated investor presentation to market the recent 3Q 2021 results, presented in line with the intended restructure

Frontier Digital Ventures Limited (“ FDV ” or the “ Company ”) is pleased to announce that it is pursuing a legal restructure of its operating companies into three separate geographical groups – FDV LATAM, FDV Asia and FDV MENA. The intended group structure is illustrated below.

==> picture [451 x 166] intentionally omitted <==

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

FDV Group
FDV LATAM FDV Asia FDV MENA
----- End of picture text -----

The updated investor presentation (attached) reflects the FDV Board’s current view of the intended legal restructure. In addition, the investor presentation incorporates the recently released 3Q 2021 results and separate ASX announcement dated 11 November 2021 in relation to the performance of Fincaraíz, Avito, Tayara and Yapo. This presentation will be used as part of a series of meetings with shareholders and new investors over the coming weeks to market the 3Q 2021 results.

FDV’s Founder and CEO, Shaun Di Gregorio said:

“We are pleased to announce the intended restructure and release an updated investor presentation, which shows FDV’s excellent performance continued in 3Q 2021. The restructure is expected to improve operational efficiencies, increase organic and inorganic growth opportunities, enhance management culture and accountability, foster greater knowledge sharing and innovation, and strengthen FDV’s regional presence. In addition, the restructure should lead to increased monetisation options over time. We remain focused on augmenting our market leadership positions with high growth transactionbased revenue, in line with FDV’s long-term value-creation strategy for shareholders.”

Frontier Digital Ventures Ltd 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia 1 Tel: +60 3 2201 0790 www.frontierdv.com

==> picture [165 x 48] intentionally omitted <==

The legal restructure is subject to ongoing legal, accounting and taxation advice, with more details to be released in due course. FDV will continue to keep shareholders informed in accordance with its continuous disclosure obligations.

- ENDS -

The release of this announcement was authorised by the Board of Directors of Frontier Digital Ventures Limited.

For more information, please contact:

Company Investors Shaun Di Gregorio Timothy Toner Founder and CEO Vesparum Capital Phone: +60 3 2700 1591 Phone: +61 3 8582 4800 Email: shaundig@frontierdv.com Email: frontierdv@vesparum.com

About FDV

Frontier Digital Ventures (FDV) is a leading owner and operator of online marketplace businesses in fast growing emerging markets. Currently, FDV’s portfolio consists of 16 market leading companies, operating across 21 markets in Developing Asia, Latin America and MENA. FDV works alongside local management teams across property, automotive and general classifieds, providing strategic oversight and operational guidance which leverages FDV’s deep classifieds experience and proven track record. FDV seeks to unlock further monetisation opportunities beyond the typical classifieds revenue, to grow the equity value of its operating companies and realise their full potential. Find out more at frontierdv.com.

Frontier Digital Ventures Ltd 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia 2 Tel: +60 3 2201 0790 www.frontierdv.com

==> picture [960 x 142] intentionally omitted <==

==> picture [324 x 323] intentionally omitted <==

LEADING ONLINE MARKETPLACES IN EMERGING MARKETS INVESTOR PRESENTATION | 15 NOVEMBER 2021

==> picture [401 x 540] intentionally omitted <==

==> picture [103 x 30] intentionally omitted <==

TABLE OF CONTENTS

==> picture [167 x 48] intentionally omitted <==

3

New FDV Group Structure

5

Evolution from Classifieds to Marketplaces

11

FDV Group Financial Snapshot

16

FDV LATAM

FDV Asia 20

FDV MENA 24 Corporate Overview 28

28

==> picture [196 x 46] intentionally omitted <==

2

==> picture [103 x 30] intentionally omitted <==

NEW FDV GROUP STRUCTURE

Regional structure to enhance growth opportunities and support FDV at full potential

==> picture [910 x 366] intentionally omitted <==

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

FDV Group
FDV LATAM FDV Asia FDV MENA
$38m (55%) [1] $22m (32%) [1] $9m (13%) [[1]]
----- End of picture text -----

==> picture [288 x 325] intentionally omitted <==

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

FDV MENA
$9m (13%) [[1]]
----- End of picture text -----

1. Revenue annualised for 3Q 2021 on an FDV % share basis and does not account for expected revenue growth across the portfolio

3

==> picture [103 x 30] intentionally omitted <==

EXPECTED BENEFITS OF RESTRUCTURE

==> picture [841 x 289] intentionally omitted <==

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

Enhanced
Improved Strengthened
management
operational regional
culture and
efficiencies presence
accountability
Increased
Greater
organic and Increased
knowledge
inorganic monetisation
sharing and
growth options
innovation
opportunities
----- End of picture text -----

New Group structure to provide significant benefits which realise value and enhance shareholder outcomes

4

==> picture [323 x 323] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

EVOLUTION FROM CLASSIFIEDS TO MARKETPLACES

==> picture [103 x 30] intentionally omitted <==

EVOLUTION TOWARDS TRANSACTIONS

Systemic change in consumer behaviour towards purchasing higher value items online

==> picture [167 x 48] intentionally omitted <==

Low cost Mid cost High cost Largest consumer purchase High frequency Regular frequency Low frequency E.g. Streaming services, rideshare, E.g. Travel and accommodation Vehicles Real estate online shopping

==> picture [59 x 60] intentionally omitted <==

==> picture [59 x 59] intentionally omitted <==

==> picture [70 x 70] intentionally omitted <==

==> picture [65 x 65] intentionally omitted <==

==> picture [70 x 69] intentionally omitted <==

Online marketplaces act as intermediaries in emerging markets, formalising property and auto markets and providing a more trusted environment for buyers and sellers

6

==> picture [103 x 30] intentionally omitted <==

SIGNIFICANT UPSIDE POTENTIAL

Augmenting traditional advertising revenue with transaction-based revenues underpins long-term growth

==> picture [806 x 328] intentionally omitted <==

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

Traditional online classifieds Transaction-based marketplaces
$
$
Advertising Advertising
Buyer Seller
Buyer Seller
Up to
Facilitate and
participate in the transaction e.g. 10x
sales commissions
market size of
and marketing of
traditional
new projects
classifieds revenue
Trusted portals become marketplaces where consumers complete
Listings on portals attract buyers who transact with sellers offline
more of the transaction within the portal, providing significant
while the portal collects advertising revenue
----- End of picture text -----

Traditional online classifieds

Trusted portals become marketplaces where consumers complete more of the transaction within the portal, providing significant opportunities to collect more of the economic event

Listings on portals attract buyers who transact with sellers offline while the portal collects advertising revenue

7

CASE STUDY – Zameen

==> picture [271 x 71] intentionally omitted <==

The 'playbook' in action – long-term equity value creation

Zameen classifieds and transaction revenue

The FDV playbook in action – long-term equity value creation Zameen’s equity value growth

==> picture [898 x 322] intentionally omitted <==

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

($m, 100% basis)
32.4
2.5 Most recent equity value:
27.4
Dec 2020
Illustrative
Classifieds Revenue 22.0 22.1 13.7 based on
20.3
Transaction Revenue 3Q 2021
US$400m Dec 2020
18.1
12.7 2.5 US $540m US$220m Apr 2018
(November 2021)
9.7 23.4
7.3 17.9 19.2 3Q 2021 US$150m Nov 2017
16.5
5.1 14.7 13.7 (actual)
3.5
2.2 6.5 8.8 US$83m Oct 2016
4.4
0.4 1.8 3.0
H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 Pro forma US$4m Mar 2014
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2H21
As transaction revenues have grown, Zameen's equity value has increased by more than 100x
----- End of picture text -----

1. Pro forma 2H21 revenue represents 3Q 2021 revenue doubled for illustrative purposes

8

==> picture [110 x 111] intentionally omitted <==

CASE STUDY – InfoCasas

The 'playbook' in action – pathway to successfully facilitating transactions

Revenue and EBITDA

==> picture [940 x 306] intentionally omitted <==

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

Move to 100% ownership as
A$000, 100% basis business matures and
8,652⁴
transaction model de-risked [3]
Increase ownership once ✓ Pilot new transaction
Illustrative
clear competitive initiatives and products 4,326 based on
advantage established [2]
3Q 2021
✓ Operational guidance to 4,499
strengthen market leadership 3,798 Onset of COVID-19 3,799
FDV has been monitoring the key online Take minority position in and grow revenue base
marketplace businesses in its target markets early stage company [1]
for the last 5+ years, providing a unique 3Q 2021
2,224 2,137
competitive advantage 1,726 4,326 (actual)
1,086
795
366 459 562
Pro forma
1H 2016 2H 2016 1H 2017 2H 2017 1H 2018 2H 2018 1H 2019 2H 2019 1H 2020 2H 2020 1H 2021
2H21
----- End of picture text -----

1. FDV acquired 31% interest in Infocasas on 7 September 2017. See ASX release Investment into property portal in Uruguay and Paraguay

2. FDV subsequently increased its shareholding in InfoCasas from 31% to 51% on 13 December 2019. See ASX release InfoCasas update and institutional placement

3. FDV subsequently increased its shareholding in InfoCasas from 51% to 100% on 23 June 2021. See ASX release FDV moves to 100% ownership of InfoCasas

4. Pro forma 2H21 revenue represents 3Q 2021 revenue doubled for illustrative purposes

9

==> picture [103 x 30] intentionally omitted <==

REALISING FDV'S FULL POTENTIAL

Leveraging marketplaces to drive long-term equity value creation

==> picture [891 x 381] intentionally omitted <==

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

Monetisation opportunities (not exhaustive)
Value
$
catalysts FDV continues to explore monetisation options to
maximise value for shareholders
Market intermediary
facilitating transactions
Sell down to existing
Early stage Trade sale to strategic
shareholders
transactions
IPO on relevant global
Sale to financial investor
Marketplace
stock exchange
creation
Classifieds
leadership
Merge with Tranche sale to new
competitor shareholders
Time
----- End of picture text -----

10

==> picture [103 x 30] intentionally omitted <==

==> picture [167 x 48] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

FDV GROUP FINANCIAL SNAPSHOT

==> picture [103 x 30] intentionally omitted <==

3Q 2021 QUARTERLY HIGHLIGHTS

Milestone quarter as FDV approaches cash flow breakeven

Milestone quarter as	FDV approaches cash		low breakeven
244%	A$1.2m		A$17.3m	A$4.3m	A$17.2m
Increase in cash	Record portfolio		Record quarterly	Standout quarterly	Cash position as at
receipts on pcp	EBITDA¹		revenue¹	revenue from	30 September 2021
				InfoCasas¹
Resulting in operating cash	With 11 of 16 operating		Increasing 248% on pcp,	Increasing 224% on pcp, as	Providing significant funding
outflows of only A$0.4m in	companies reporting		with organic growth and	transaction volumes	flexibility as FDV approaches
3Q 2021	positive EBITDA in 3Q 2021		strategic acquisitions	accelerate across all regions	cash flow breakeven
			accelerating FDV's revenue
			trajectory

1. On an FDV % share basis

12

==> picture [103 x 30] intentionally omitted <==

APPROACHING CASH FLOW BREAKEVEN

Cash receipts in 3Q 2021 increased 244%, resulting in operating cash outflows of only A$0.4m

==> picture [167 x 48] intentionally omitted <==

Quarterly net operating cash flows

==> picture [902 x 289] intentionally omitted <==

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

(FDV % share basis) Acquisition of Fincaraíz, Acquisition
Avito and Tayara of Yapo
3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021
(0.2)
(0.3)
(0.4)
(0.9)
(1.0)
(1.0)
(1.2)
(1.5)
Progress towards cash flow Rapid progress towards
breakeven pre-Adevinta acquisitions cash flow breakeven
(2.5)
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021

13

==> picture [103 x 30] intentionally omitted <==

ONGOING PROGRESS TOWARDS PROFITABILITY

11 of the 16 operating companies reported positive EBITDA in 3Q 2021

Portfolio EBITDA margin[1]

==> picture [167 x 48] intentionally omitted <==

(FDV % share basis)

==> picture [906 x 318] intentionally omitted <==

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

Half year Quarter
1H 2017 2H 2017 1H 2018 2H 2018 1H 2019 2H 2019 1H 2020 2H 2020 1H 2021 3Q 2021
Onset of COVID-19
8% 7%
(2%)
(4%) (5%) (5%)
(20%)
(22%)
(32%)
Record quarterly portfolio
(51%)
EBITDA in 3Q 2021 on an
A$1.2m
FDV % share basis
Note: Figures are for entities with continuing operations as at 30 September 2021
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021 1. Portfolio EBITDA as a % of revenue

14

==> picture [103 x 30] intentionally omitted <==

RAPID GROWTH TRAJECTORY

Continued strong performance underpinned by organic growth and strategic acquisitions

Group revenue since IPO

Group revenue since IPO

==> picture [167 x 48] intentionally omitted <==

(A$m, 100% basis)

(A$m, FDV % share basis)

==> picture [910 x 262] intentionally omitted <==

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

34.6¹
62.6¹
50.3
Illustrative 24.2 17.3 Illustrative
Onset of COVID-19 31.3 based on based on
3Q 2021 3Q 2021
36.0 Onset of COVID-19
34.9
31.0
14.0
27.1
11.8
22.4 10.4
9.8
3Q 2021
17.9 3Q 2021 7.8 17.3
14.5 31.3 (actual) 5.0 6.2 (actual)
11.1 3.5
8.4 2.4
Pro forma Pro forma
2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21
2H21 2H21
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021 1. Pro forma 2H21 revenue represents 3Q 2021 revenue doubled for illustrative purposes

15

==> picture [103 x 30] intentionally omitted <==

==> picture [167 x 48] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

FDV LATAM

==> picture [103 x 30] intentionally omitted <==

FDV LATAM OVERVIEW

Highly strategic footprint across 12 key markets, with strong property revenues

==> picture [448 x 316] intentionally omitted <==

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

FDV ownership (%)
100%
26%
100%
100%
Vertical Revenue %³
Property 78%
General 17%
Auto 5%
----- End of picture text -----

Vertical	Revenue %³
Property	78%
General Auto	17% 5%

Total population across FDV LATAM markets¹

177m markets¹ Total GDP across FDV LATAM markets² $1.2tn

Total mobile connections across FDV LATAM markets¹

206m

Total sessions across FDV LATAM operating companies (3Q 2021)

135m

12

Dynamic markets

Note: FDV LATAM includes Uruguay, Paraguay, Peru, Bolivia, Chile, Colombia, Panama, Costa Rica, Guatemala, El Salvador, Nicaragua and Honduras

1. Datareportal Local Insight reports, 2021 (https://datareportal.com/library); Mobile connections % population

2. United National World Statistics Pocketbook 2021 edition, Department of Economic and Social Affairs (https://unstats.un.org/unsd/publications/pocketbook/files/world-stats-pocketbook-2021.pdf). Figures in USD 3. Figures shown on an FDV % share basis

17

==> picture [103 x 30] intentionally omitted <==

FDV LATAM HIGHLIGHTS

InfoCasas provides a successful transaction model blueprint for the region

==> picture [167 x 48] intentionally omitted <==

==> picture [55 x 261] intentionally omitted <==

• Market leadership across all countries , and an emerging position in Peru, an economy larger than all of InfoCasas' three other markets

Market leadership

• 100% ownership of InfoCasas, Fincaraíz and Yapo facilitates greater control and economic benefits

Operational efficiencies

• Common language across all markets provides opportunities for greater collaboration

• InfoCasas' successful execution of the transaction model provides a blueprint for other operating companies across the region

Transaction model

• $38m annualised revenue in 3Q 2021

Financials¹

• EBITDA positive at portfolio level in 3Q 2021

==> picture [40 x 51] intentionally omitted <==

Monetisation options

• Restructure increases the monetisation opportunities e.g. liquidity event involving US-based companies/investors, NASDAQ listing of FDV LATAM, etc.

• Figures shown on an FDV % share basis

18

==> picture [103 x 30] intentionally omitted <==

FDV LATAM FINANCIAL PERFORMANCE

Accelerated revenue growth following strategic acquisitions and increase in InfoCasas ownership

==> picture [912 x 326] intentionally omitted <==

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

Revenue (100% basis) Revenue (FDV % share basis)
(A$m) 22.4¹ (A$m)
19.1¹
Illustrative
15.8 11.2 based on
Illustrative
3Q 2021
9.5 based on
3Q 2021
10.8
8.8
5.2 3Q 2021
11.2 4.3 3Q 2021
(actual) 9.5
(actual)
2.4
H1 2020 H2 2020 H1 2021 Pro forma H1 2020 H2 2020 H1 2021 Pro forma
2H21 2H21
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021 1. Pro forma 2H 2021 represents 3Q 2021 revenue doubled for illustrative purposes

19

==> picture [103 x 30] intentionally omitted <==

==> picture [167 x 48] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

FDV Asia

==> picture [103 x 30] intentionally omitted <==

FDV ASIA OVERVIEW

Significant population across large emerging economies supports long-term growth

==> picture [167 x 48] intentionally omitted <==

==> picture [449 x 342] intentionally omitted <==

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

FDV ownership (%) 30%
37%
65%
53%
56%
53%
51%
Vertical Revenue %³
HQ
Property 90%
Auto 10%
----- End of picture text -----

Total population across FDV Asia markets[¹]

409m

$777bn

Total GDP across FDV Asia markets²

Total mobile connections across FDV Asia markets¹

425m

Total sessions across FDV Asia operating companies (3Q 2021)

76m

4

Dynamic markets

Note: FDV Asia includes Pakistan, The Philippines, Myanmar, Sri Lanka

1. Datareportal Local Insight reports, 2021 (https://datareportal.com/library); Mobile connections % population

2. United National World Statistics Pocketbook 2021 edition, Department of Economic and Social Affairs (https://unstats.un.org/unsd/publications/pocketbook/files/world-stats-pocketbook-2021.pdf). Figures in USD 3. Figures shown on an FDV % share basis

21

==> picture [103 x 30] intentionally omitted <==

FDV ASIA HIGHLIGHTS

Classifieds leadership provides the foundation for the transaction model

==> picture [167 x 48] intentionally omitted <==

==> picture [55 x 261] intentionally omitted <==

• Market leadership across all 4 markets, with Hoppler the leading property transaction portal in Manila

Market leadership

• Established footprint in dynamic region with potential to consolidate ownership levels in key markets

Operational efficiencies

• Both property and auto portals in Pakistan, the Philippines and Myanmar

• Significant transaction volumes at Zameen and increasingly PakWheels provides the blueprint for property and auto transactions across the region

Transaction model Financials¹

• $22m annualised revenue in 3Q 2021

• EBITDA positive at portfolio level in 3Q 2021

• Both businesses in Pakistan are equity accounted , with the remaining businesses accounted for on a consolidated basis

==> picture [40 x 51] intentionally omitted <==

Monetisation options

• Pakistan market well understood by European investors, providing potential future liquidity pathways

• Strong M&A activity in Asia generally

• Figures shown on an FDV % share basis

22

==> picture [103 x 30] intentionally omitted <==

FDV ASIA FINANCIAL PERFORMANCE

Continued revenue growth with standout performance from property and auto businesses in Pakistan

Revenue (100% basis)

Revenue (FDV % share basis)

==> picture [911 x 279] intentionally omitted <==

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

(A$m) (A$m)
35.7¹
30.4
Illustrative 11.2¹
25.2 17.9 based on
3Q 2021 9.5 Illustrative
21.4 based on
8.1
5.6 3Q 2021
7.1
17.9
3Q 2021 3Q 2021
5.6
(actual) (actual)
H1 2020 H2 2020 H1 2021 Pro forma H1 2020 H2 2020 H1 2021 Pro forma
2H21 2H21
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021 1. Pro forma 2H21 represents 3Q 2021 revenue doubled for illustrative purposes

23

==> picture [103 x 30] intentionally omitted <==

==> picture [167 x 48] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

FDV MENA

==> picture [103 x 30] intentionally omitted <==

FDV MENA OVERVIEW

Strategic investment in select, fast emerging markets

==> picture [455 x 325] intentionally omitted <==

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

FDV ownership (%)
100%
100%
100%
69%
39%
Vertical Revenue %³
Property 41%
General 40%
Auto 19%
----- End of picture text -----

289m $700bn

291m

95m

4

Total population across FDV MENA markets[¹]

Total GDP across FDV MENA markets²

Total mobile connections across FDV MENA markets¹

Total sessions across FDV MENA operating companies (3Q 2021)

Dynamic markets

Note: FDV MENA includes Morocco, Tunisia, Nigeria, Ghana

1. Datareportal Local Insight reports, 2021 (https://datareportal.com/library); Mobile connections % population

2. United National World Statistics Pocketbook 2021 edition, Department of Economic and Social Affairs (https://unstats.un.org/unsd/publications/pocketbook/files/world-stats-pocketbook-2021.pdf). Figures in USD 3. Figures shown on an FDV % share basis

25

==> picture [103 x 30] intentionally omitted <==

FDV MENA HIGHLIGHTS

Building value and momentum in region as it shifts towards facilitating transactions

==> picture [167 x 48] intentionally omitted <==

==> picture [55 x 261] intentionally omitted <==

• Market leadership across all 4 markets, with two highly complementary businesses in Morocco across the property, auto and general verticals

Market leadership

• Avito and Moteur teams co-locating, creating greater collaboration and shared learning across the businesses

Operational efficiencies

• Launch of property transaction trials for Avito and Tayara. Both have successfully closed transactions in 2021, with a number of new housing projects in the pipeline

Transaction model Financials¹ Monetisation options

• $9m annualised revenue in 3Q 2021

• Significant improvement in EBITDA performance in 3Q 2021, with Avito reporting its first EBITDA positive month under FDV ownership

==> picture [40 x 51] intentionally omitted <==

• Monetisation pathways less progressed than other regions

• Businesses need time to successfully implement the transaction model

• Figures shown on an FDV% share basis

26

==> picture [103 x 30] intentionally omitted <==

FDV MENA FINANCIAL PERFORMANCE

Significant revenue growth following acquisitions of Avito and Tayara

Revenue (100% basis)

Revenue (FDV % share basis)

==> picture [167 x 48] intentionally omitted <==

(A$m)

==> picture [904 x 291] intentionally omitted <==

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

(A$m) (A$m)
4.6¹
4.4¹
4.1
3.9
Illustrative Illustrative
2.3 based on 2.2 based on
3Q 2021 3Q 2021
2.0
1.8
3Q 2021 3Q 2021
2.3 2.2
(actual) (actual)
0.5
0.3
H1 2020 H2 2020 H1 2021 Pro forma H1 2020 H2 2020 H1 2021 Pro forma
2H21
2H21
----- End of picture text -----

Note: Figures are for entities with continuing operations as at 30 September 2021 1. Pro forma 2H21 represents 3Q 2021 revenue doubled for illustrative purposes

27

==> picture [103 x 30] intentionally omitted <==

==> picture [148 x 35] intentionally omitted <==

CORPORATE OVERVIEW

==> picture [103 x 30] intentionally omitted <==

A GLOBAL LEADER

Our mission is to become the leading global operator of online marketplaces in emerging markets

==> picture [167 x 48] intentionally omitted <==

==> picture [75 x 74] intentionally omitted <==

==> picture [189 x 55] intentionally omitted <==

==> picture [158 x 36] intentionally omitted <==

A$237B Market capitalisation (AMS:PRX) Global portfolio of leading consumer internet companies

A$30B Market capitalisation (OL:ADE) Global portfolio of online marketplaces in developed markets

A$0.6B Market capitalisation (ASX:FDV) Global portfolio of online marketplaces in emerging markets

“We believe in the power of local backed by global scale and we look for opportunities to address big societal needs in markets where we see the greatest growth potential ”

“We provide technology-based services to connect buyers and sellers and facilitate transactions, from job offers to real estate, cars, consumer goods and more”

“With the large global players reshaping their portfolios to focus on more mature markets, our portfolio of the best emerging markets businesses provides us with a clear pathway to be a global player”

Note: Market capitalisation data as at 12 November 2021. Source: Bloomberg

29

==> picture [103 x 30] intentionally omitted <==

STRONG TRACK RECORD OF LONG-TERM VALUE CREATION

==> picture [82 x 83] intentionally omitted <==

Founder and CEO Shaun Di Gregorio

==> picture [167 x 48] intentionally omitted <==

• One of the top global online marketplace executives with a strong track record of long-term value creation

• Former CEO of iPropertyGroup (ASX: IPP) and General Manager at REA Group

• Spearheaded the transformation of iProperty Group from a US$15m small online business into the largest listed internet company in ASEAN with a market capitalisation of US$600m

• As General Manager of the core Australian REA Group business and one of its global leaders, grew the business alongside a team of 8 people with revenue of A$5m into a company with more than 300 staff and revenue exceeding A$150m

REA Group (ASX: REA)

iPropertyGroup (ASX: IPP)

FDV (ASX: FDV)

==> picture [879 x 159] intentionally omitted <==

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

8 4.0
4.0
Tenure at REA Tenure at IPP FDV FDV
(2001-2009) (2010-2014) (private) (ASX-listed)
6 3.0
3.0
4 2.0 2.0
2 Advertising revenues 1.0 1.0
- - 0.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
----- End of picture text -----

30

==> picture [103 x 30] intentionally omitted <==

CORPORATE OVERVIEW

FDV has a strong balance sheet, and its shares are tightly held

Share price performance since IPO

Substantial shareholders

==> picture [167 x 48] intentionally omitted <==

==> picture [430 x 230] intentionally omitted <==

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

$1.90
$1.70
$1.50
$1.30
$1.10
$0.90
$0.70
$0.50
$0.30
Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21
----- End of picture text -----

Board of Directors
Anthony Klok	Non-Executive Chairman
Shaun Di Gregorio	Founder and CEO
Frances Po Mark Licciardo	Non-Executive Director Non-Executive Director and Company Secretary

Catcha Group (Patrick Grove and Luke Elliott)	13.1%
Shaun Di Gregorio (Founder and CEO)	10.9%
Barca Global Master Fund	7.4%
SmallCo Investment Manager	7.3%
Perennial Value Management	6.3%

Perennial Value Management		6.3%
Financial information
Share price (12-Nov-21)		$1.735
52-week trading range (low / high)		$1.18 / $2.04
Shares on issue		343.0m1
Market capitalisation		A$595.1m
Cash (30-Sept-21)		A$17.2m
Debt (30-Sept-21)		N/A
Enterprise value		A$577.9m
Indices	Research Coverage
S&P/ASX All Technology Index (ASX:XTX) All Ordinaries Index (ASX:XAO)	Bell Potter; Morgans

1. Source: IRESS. Excludes 450,000 Director options which are subject to the achievement of vesting conditions

31

S&P/ASX ALL TECHNOLOGY INDEX INCLUSION

==> picture [103 x 30] intentionally omitted <==

All Tech index inclusion an important step on the pathway to the S&P/ASX 300 Index

Significant benefits to index inclusion

Interactive Media & Services constituents

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

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

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

==> picture [47 x 37] intentionally omitted <==

t benefits to index inclusion	Interactive Media & Services constituents
Enhanced size and liquidity profile provide clear pathway to further index inclusions Provides access to the fastest growing sector on the ASX through a single index Enhanced profile for technology companies Increased exposure to market participants and mandate driven investment	Ticker Market Cap
	ASX:REA $22.2bn ASX:SEK $12.4bn ASX:CAR $7.1bn ASX:DHG $3.2bn
	ASX:FDV $0.6bn
	ASX:HPG $0.5bn

FDV is now within sight of S&P/ASX 300 Index inclusion

Note: Market capitalisation data as at 12 November 2021. Source: Bloomberg

32

==> picture [103 x 30] intentionally omitted <==

COMMITTED TO ESG VALUES

Continued focus on ESG objectives to build a strong corporate culture

==> picture [167 x 48] intentionally omitted <==

Strong focus on gender diversity

Diversity policy sets out minimum expectations to achieve greater workplace diversity. Currently, women make up 42% of management positions and 39% of senior executive roles.

Ensuring a safe and inclusive workplace

Providing a working environment that is safe, supports wellbeing, promotes diversity and is inclusive. FDV provides policies which address impediments to diversity in the workplaces including flexible working arrangements.

Upholding ethical and sustainable business practices FDV is committed to conducting its business in a manner that is ethical, values-driven and in compliance with the laws in all countries of operations.

“

Gender equality in the workplace goes well beyond having an equal number of men and women in your company.

It stretches to providing equal opportunities and consideration for promotions and pay raises; desirable, preferred jobs; advancement, and inclusion in decision-making processes.

I am proud that at FDV we are strong advocates of workplace equality and our team reflects that ambition.

”

- Shaun Di Gregorio, Founder and CEO

33

==> picture [103 x 30] intentionally omitted <==

INVESTMENT HIGHLIGHTS

==> picture [47 x 48] intentionally omitted <==

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

1
----- End of picture text -----

Emerging regions, provides unique exposure to rapidly 3 developing markets 2

Annualised revenue in 3Q 2021 $69m

3

Rapid growth trajectory

Group revenue annualising at A$69m, underpinned by strong organic growth and highly strategic acquisitions

New FDV Group structure

New regional structure to unlock significant shareholder value and support FDV at full potential

Proven business model

Focused on unlocking significant new revenue opportunities closer to the transaction of property, auto and general classifieds

Funding flexibility

Sessions across the Group in 3Q 306m 2021

4

FDV Group approaching cash flow breakeven, with a strong balance sheet proving significant funding flexibility

Proven team with track record of success

5

Equity aligned Board and management supports ongoing focus on long-term shareholder value

34

HERE

CONTACT US

Shaun Di Gregorio Founder and CEO

• P: +60 3 2700 1591

E: shaundig@frontierdv.com VISIT US

frontierdv.com Follow us on social media

PRINCIPAL OFFICE

39-8 The Boulevard Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia

==> picture [103 x 30] intentionally omitted <==

DISCLAIMER

The material contained in this presentation is non-specific and is a summary of the background to the Company's activities. As this information is in a summary form it is not intended to be complete. Independent advice should be sought by investors or potential investors. The material does not take into account the investment objectives, financial situation or needs of a particular investor and therefore should not relied upon as investment advice to investors or potential Investors.

The material contained in this presentation should be considered as preliminary and does not purport to contain all the information that a recipient may desire or need. In all cases, the recipient should conduct its own investigations and analysis with regards to its contents or any other matter to which it may relate, including by obtaining specialist professional advice.

This presentation may contain statements that may be deemed “forward-looking statements”. Forward risks, uncertainties and other factors, many of which are outside the control of the Company can cause actual results to differ materially from such forward-looking statements. Frontier Digital Ventures currently own investments in multiple emerging market jurisdictions which potentially carries significant political risk. Other risks may be present such as agency risks, investment risk, competition, changes in technology, security breaches, insurance, additional requirements for capital, potential acquisitions, ability to raise sufficient funds to meet the needs of the Company in the future, the Company's limited operational history, reliance on key personal, as well as political and operational risks, and governmental regulation and judicial outcomes.

The Company makes no representation or undertaking that it will update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward-looking statements made.

No part of this presentation is intended for recipients outside Australia. Accordingly, recipients represent and warrant that they are able to receive this presentation without contravention of any applicable legal or regulatory restrictions in the jurisdiction in which they reside or conduct business.

36