FRONTIER DIGITAL VENTURES LIMITED — Investor Presentation 2021

Feb 24, 2021

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LEADING ONLINE MARKETPLACES IN EMERGING MARKETS

NEW ACQUISITION AND 2020 FULL YEAR RESULTS PRESENTATION | 25 FEBRUARY 2021

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~~THE FD~~ V MISSION

“ Become the leading global operator of online marketplace businesses ” in emerging markets.

~~NEW ACQUISITION~~

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#1 property portal Leading general classifieds #1 real estate portal Leading general marketplace Pakistan Chile Colombia South and Central America #1 property portal #1 general marketplace #1 auto portal #1 auto portal Uruguay , Paraguay and Morocco Philippines Pakistan Bolivia #1 property portal #1 general marketplace #1 auto portal #1 property portal Myanmar Tunisia Myanmar Ghana #1 property portal Property transaction business #1 property portal #1 new car portal Nigeria Philippines Sri Lanka Morocco

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STRONG RESULTS AND EXECUTION OF STRATEGY

SECTION 1

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• Acquisition of 100% of the issued capital of Yapo.cl (“Yapo”), the leading general classifieds portal in Chile, from Adevinta ASA

New acquisition – Yapo

Refer to pages 4 – 11

• Consolidates FDV’s position in Latin America with entry into new market, complementing the existing market positions of Fincaraíz, InfoCasas and Encuentra24

• • Expected to make a significant contribution to revenue on an FDV % share basis with attractive opportunities to increase monestisation across the platform

SECTION 2

• Successful navigation of COVID-19 provides significant momentum into 2021 and an enhanced platform for continued growth

• Operational update • Rebound in direct and organic traffic to above pre-pandemic levels

• Refer to pages 12 – 18 • Expanded global footprint via highly strategic acquisitions and increased shareholdings in high growth operating companies

SECTION 3

• Enhanced revenue growth trajectory and increase in FDV % share of revenue

• FY20 results • Maiden full year profit with FDV achieving a long-standing Company milestone Refer to pages 19 – 23 • Consistent growth across key operating metrics demonstrating strength of portfolio

• SECTION 4 • Inherent flexibility and adaptability of FDV’s business model demonstrated throughout 2020 Outlook • Strategic evolution towards greater control to unlock additional value and accelerate path to facilitating transactions • Focused on expanding geographic reach and providing greater exposure to large high growth target markets

Refer to pages 24 – 30

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NEW ACQUISITION – YAPO

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ACQUISITION OVERVIEW

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1
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A$8.7m revenue 2 in 2020

~26m 3 website sessions in December 2020

4

92% organic traffic

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Leading general classifieds portal in Chile with #1 position across high value auto and real estate verticals

Entry into new highly attractive market complementing FDV’s existing presence in Latin America

Significant growth potential

underpinned by attractive monetisation opportunities

Material revenue contribution

increases 2020 pro forma FDV % share of revenue by 24%

Strong strategic fit

extending FDV’s market leadership in the target regions

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OVERVIEW OF YAPO.CL

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A leading online classifieds platform in Chile

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YAPO OVERVIEW:

• Market leading general classifieds portal in Chile

• • #1 position in high value auto and real estate verticals by traffic[[1]]

• Revenue Market leading general classifieds portal in Chile • #1 position in high value auto and real estate verticals by traffic[[1]]

• 2020: A$8.7m* •

• COVID-19 impacted Historic competitor, MercadoLibre, pivoting to an Amazon-style new product model positioning Yapo well 2019: A$10.1m for future growth STRONG OPERATIONAL METRICS:*

• EBITDA ✓ ~26m website sessions in December 2020, to become the highest across FDV’s existing portfolio[2]

• 2020: (A$1.6m)*[3] ✓ 83% of Yapo’s audience uses mobile devices across 2020, creating strong engagement with the platform COVID-19 impacted ✓ Established brand in Chile demonstrated by 92% of traffic being organically driven* in December 2020

• 2019: A$0.2m

Note: Based on FX rate of A$:CLP$546.

1. Based on SimilarWeb

2. Website sessions based on XiTi by AT Internet; FDV existing portfolio includes the recent acquisitions of Fincaraíz, Avito and Tayara

3. Normalised EBITDA excludes management fee to Adevinta and one-off debt provision

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NEW MARKET ENTRY

Acquisition expands FDV’s footprint and complements existing market presence in LATAM

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CENTRAL & SOUTH AMERICA

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Facilitates new market entry into one of the largest economies in LATAM[1]

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1
#1
#1
#1
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Proximity to InfoCasas, Fincaraíz and Encuentra24 creates potential opportunities for consolidation

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Increases scale and diversification across key geographies and verticals

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Enhances network of leading online classifieds businesses across the region

1. United National World Statistics Pocketbook 2020 edition, Department of Economic and Social Affairs (https://unstats.un.org/unsd/publications/pocketbook/files/world-stats-pocketbook-2020.pdf)

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SIGNIFICANT GROWTH POTENTIAL

Established marketplace with significant monetisation opportunties

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Yapo historical operating revenue
Yapo revenue by segment Yapo revenue by source
(A$m, unaudited)
(FY20) (FY20)
25% CAGR
FY16 – FY19
Other
10.1 COVID-19 18% Advertising
9.5 impacted
25%
Jobs Real Estate
8.7
9% 46%
7.3 Classifieds
Auto
75%
27%
5.2
✓ Biased towards high use and high ✓ Marketplace platform with
value auto and real estate verticals significant classifieds revenue
Strong foundation to develop transaction-based platform to
significantly increase monetisation
2016 2017 2018 2019 2020
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Yapo historical operating revenue

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(A$m, unaudited)
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Note: Based on FX rate of A$:CLP$546.

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MATERIAL FINANCIAL CONTRIBUTION

Yapo acquisition increases 2020 pro forma FDV % share of revenue by 24%

FDV revenue growth since IPO

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(A$m, pro forma unaudited, FDV % share basis)

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24% increase in
2020 pro forma
revenue
44.4
8.7
35.7
22.3
14.0
8.5
3.8
FY16 FY17 FY18 FY19 FY20 (pro forma incl. Yapo FY20 (pro forma)
Fincaraíz, Avito and
Tayara)
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Note: Full year results figures quoted for entities with continuing operations as at 31 December 2020 (excludes Propzy). FY20 pro forma figures include full year revenue contributions of Fincaraíz, Avito and Tayara.

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STRONG STRATEGIC FIT

Compelling acquisition underpinned by FDV’s proven investment approach

• Market leadership across multiple verticals[1]

PORTFOLIO IMPACT

• New business represents a material contribution to 2020 pro forma revenue on an FDV % share basis

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• Significant financial contribution further diversifying revenue mix across geographies and verticals

• ~26m website sessions in December 2020, the highest number of visitors compared to FDV’s existing portfolio[2]

STRATEGIC • RATIONALE • • • GEOGRAPHIC • EXPANSION

• Strategic link and potential synergies with Fincaraíz and InfoCasas

• • Established brand with significant potential to increase monetisation across the platform

• Entry into Chile , an attractive, high growth market

• Expands FDV‘s footprint in a well understood adjacent market Extends recently strengthened positions in LATAM alongside recent purchase of Fincaraíz

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Exposure to large growing Chilean market 19m[Population][3] 4.0% GDP growth[4] Mobile 138% connections[3] 82% Internet penetration[3]

1. SimilarWeb. As measured by total traffic.

2. Website sessions based on XiTi by AT Internet

3. Datareportal Local Insight reports, 2020 (https://datareportal.com/library); Mobile connections as a % population

4. United National World Statistics Pocketbook 2020 edition, Department of Economic and Social Affairs (https://unstats.un.org/unsd/publications/pocketbook/files/world-stats-pocketbook-2020.pdf)

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“ We are excited to be adding Yapo, the market leading general classifieds platform in Chile, to our portfolio. FDV’s network of operating companies now spans the length of South America, significantly enhancing our scale across the highly attractive LATAM region.

We expect Yapo to make a material contribution to the continued revenue growth we have demonstrated since our IPO in 2016. This transaction follows the successful acquisition of Fincaraíz, Avito and Tayara from Adevinta and will be funded from existing cash reserves following the recent capital raising in October 2020. ”

- Shaun Di Gregorio, Founder and CEO

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OPERATIONAL UPDATE

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EXPANDED FOOTPRINT SPANNING THREE CONTINENTS

Highly strategic acquisitions and increased shareholdings in high growth operating companies

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DEVELOPING ASIA CENTRAL & SOUTH AMERICA

MENA

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Recent acquisition Recent increased investment

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SHIFT TO DIGITAL

COVID-19 has accelerated the transition to digital marketplaces

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Total sessions (m) +130%
223
181
174 173
152 156
135
123
108
97
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020
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Growing consumer preference for digital marketplaces provides strong tailwinds in 2021 and beyond

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Total mobile sessions (m) +189%
191
146 154 149
127
120
103
91
78
66
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020
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Advertisers (m) +175%
1.3
1.1 1.2 1.2 1.2 1.1
1.0
0.9
0.7
0.4
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020
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+187%
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Total leads (m)

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43
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26 27 28 27
24
22
20
15 16
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
2016 2016 2017 2017 2018 2018 2019 2019 2020 2020
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Note: Operating metrics are for entities with continuing operations as at 31 December 2020 (excluding Fincaraíz, Avito and Tayara given data set differences)

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PORTFOLIO TRAFFIC EXCEEDING PRE-PANDEMIC LEVELS

Steady rebound in direct and organic traffic positions portfolio for continue revenue growth

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Direct and organic traffic across FDV’s portfolio (in aggregate) (m)

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80
COVID-19 lockdowns
70
impacted traffic in early
2020
60
Strong rebound in
traffic above pre-COVID
50
19 levels
40
30
20
10
Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20
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Note: Operating metrics are for entities with continuing operations as at 31 December 2020. Chart shows the sum of direct and organic search traffic (i.e. excluding paid traffic which can obscure the underlying trends).

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GEOGRAPHIC AND SEGMENTAL ANALYSIS

Diversification across key regions and verticals improves risk-return profile and monetisation options

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REVENUE BY GEOGRAPHY REVENUE BY SEGMENT
MENA (FDV % share basis [1] ) (FDV % share basis [1] )
8%
General [2]
MENA
General [2]
LATAM 15%
20%
28% LATAM Auto 25%
37% 10%
Property Auto
Property
Developing Asia Developing Asia 75% 6%
69%
64%
43%
FY20 actual FY20 pro forma FY20 actual FY20 pro forma
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Increased geographical diversification

Maintained property bias while increasing exposure to other key verticals

1. Figures are for entities with continuing operations as at 31 December 2020. FY20 pro forma figures include full year revenue contributions of Fincaraíz, Avito and Tayara.

2. Revenue contribution of Encuentra24, Avito and Tayara classified as ‘General’, however each platform include revenue streams across multiple segments including in some cases property and auto.

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PORTFOLIO OPTIMISATION ACTIVITIES

Continued optimisation of FDV’s portfolio to drive long-term shareholder value

Continued optimisation of FDVs portfolio to drive long-term shareholder value	Continued optimisation of FDVs portfolio to drive long-term shareholder value
Monetisation events	✓Sale of 20% Propzy shareholding forcash consideration of US$4.7m (A$7.0 million) ✓Sale price represents a~300% return to FDV‘s shareholders in ~2.5 yearsand is thefirst material monetisation event in FDV‘s history
Increased shareholdings	✓Increased shareholding iniMyanmarhouse to over 50% ✓Increased shareholding inLankaPropertyWeb to over 50% ✓Increased shareholding inMoteur to 100%
Expanded markets	✓Combinationof Encuentra24 and OLX Group‘s Central American platforms under the Encuentra24 brand ✓Partnership agreementbetween InfoCasas and AoCubo, a digital real estate platform in Brazil, to provide technology and services ✓Acquisition of Fincaraíz, the leading real estate classifieds portal in Colombia ✓Acquisition of Avito,the leading general classifieds businesses in Morocco ✓Acquisition of Tayara, the leading general classifieds businesses in Tunisia ✓Hoppler acquires direct competitorto significantly expand its user base and geographic reach ✓Acquisition of Yapo,the leading general classifieds business in Chile1
Strong balance sheet	✓Strategic placement toinstitutional investors in North Americaof A$6.5m in July 2020 at a 1.3% premium to 15-day VWAP ✓A$99.1m oversubscribed institutional placement and entitlement offerin October 2020 to fund strategic acquisitions and provide further growth capital

1. Acquisition announced on 25 February 2021

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STRENGTHENED PORTFOLIO

Successful navigation of pandemic provides enhanced platform for growth

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STRATEGIC REVIEWS

• ✓ Pandemic provided an opportunity for strategic reviews and permanent cost efficiencies across the operating companies

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EXPANDED GLOBAL FOOTPRINT

✓ Acquisition of Fincaraíz, Avito and Tayara at attractive valuations increases scale and strengthens network of operating companies

• ✓ Optimisation initiatives provide significant operating leverage in 2021

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TRAFFIC RETURNED

• ✓ Rebound in direct and organic traffic above prepandemic levels provides strong momentum into 2021

• ✓ Consistent growth across key operating metrics demonstrates strength of portfolio

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PORTFOLIO OPTIMISATION

✓ Deft approach to acquisition opportunities to take advantage of market dynamics

• ✓ Actively managed management, increasing investment in high growth operating companies and executing on consolidation opportunities

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FY20 RESULTS

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ENHANCED REVENUE TRAJECTORY

Increase in FDV % share of revenue with acquisitions providing a strong platform for growth

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Portfolio revenue since IPO Portfolio revenue since IPO
(A$m, pro forma unaudited; 100% basis) (A$m, pro forma unaudited; FDV % share basis)
+840% growth
+406% growth
35.7 [2]
74.9 [2]
COVID-19
65.9 COVID-19 impact
63.1 impact
COVID-19 23.7
impact 22.3
COVID-19
COVID-19
40.3 impactimpact
14
25.6
8.5
14.8
3.8
2016 2017 2018 2019 2020 (actual) 2020 (pro 2016 2017 2018 2019 2020 (actual) 2020 (pro
forma) forma)
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Note. Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy). FY20 pro forma figures include full year revenue contributions of Fincaraíz, Avito and Tayara.

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MAIDEN FULL YEAR PROFIT AT A PORTFOLIO LEVEL

Long-standing FDV milestone achieved despite significant disruption in FY20

Portfolio EBITDA

Portfolio EBITDA as a % of revenue

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(A$m, unaudited FDV % share basis) (FDV % share basis)
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
0.6 3%
(5%)
(21%)
-1.0
(40%)
-2.9
-3.2
-3.4
(84%)
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Note: Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy)

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CONTINUED OPERATING IMPROVEMENT

Cost base initiatives accelerate path to self-sufficiency

FDV ownership (%)	FDV ownership (%)	FDV ownership (%)	FY 2020 EBITDA A$ (FDV% share basis)	FY 2019 EBITDA A$ (FDV% share basis)	EBITDA improvement
Zameen 30%			505,140	79,472
InfoCasas		52%	210,260	82,561
~~7 operating companies~~ AutoDeal		56%	178,708	100,841
recordedpositive EBITDA in Avito1 100%			159,937	-
FY 2020 Fincaraíz1		100%	100,781	-
Encuentra24		26%	69,283	(61,423)
iMyanmarhouse 53%			23,632	49,193
LankaPropertyWeb 53%			(25,062)	(45,650)
5 operating companies ~~recorded improved EBITDA in~~ West Africa2 N/A			(28,326)	(197,614)
FY 2020 Tayara1 100%			(39,804)	-
Moteur3 56%			(58,596)	(22,182)
CarsDB 65%			(110,327)	(453,441)
Hoppler 40%			(119,065)	(296,234)
Pakwheels 37%			(237,468)	(244,459)
Total EBITDA			629,092	(1,008,937)

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Significant operational progress across the 56% portfolio resulting in A$1.6m EBITDA increase on FY19

Note: Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy)

1. Figure represents contribution from 5 November 2020 onwards, following completion of the acquisitions.

2. West Africa includes PropertyPro (Nigeria; 39% owned) and MeQasa (Ghana; 69% owned)

3. FDV acquired the remaining 44% stake in Moteur to move to 100% ownership in 1Q 2021

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FY 2020 REVENUE BREAKDOWN BY OPERATING COMPANY

FDV’s exposure to portfolio assets continues to outperform on 100% basis

FDVs exposure to portfolio assets continues to outperform on 100% basis A$ (100% basis) A$ (FDV % share basis) Operating company FDV interest Classifieds type FY 2020 Revenue FY 2019 Revenue Growth FY 2020 Revenue FY 2019 Revenue **Growth **	FDVs exposure to portfolio assets continues to outperform on 100% basis A$ (100% basis) A$ (FDV % share basis) Operating company FDV interest Classifieds type FY 2020 Revenue FY 2019 Revenue Growth FY 2020 Revenue FY 2019 Revenue **Growth **	FDVs exposure to portfolio assets continues to outperform on 100% basis A$ (100% basis) A$ (FDV % share basis) Operating company FDV interest Classifieds type FY 2020 Revenue FY 2019 Revenue Growth FY 2020 Revenue FY 2019 Revenue **Growth **
Zameen 30% Property Encuentra24 26% General InfoCasas 52% Property AutoDeal 56% Automotive Pakwheels 37% Automotive Fincaraíz1 100% Property iMyanmarhouse 53% Property Avito1 100% General CarsDB 65% Automotive West Africa2 N/A Property LankaPropertyWeb 53% Property Hoppler 40% Property Moteur 56% Automotive Tayara1 100% General	40,107,854 42,329,072 (5%) 6,735,659 8,076,192 (17%) 5,935,702 6,022,050 (1%) 1,767,759 1,835,136 (4%) 1,453,421 1,910,577 (24%) 1,367,317 - - 1,281,008 1,919,567 (33%) 1,137,802 - - 763,073 943,662 (19%) 720,989 851,969 (15%) 601,281 506,147 +19% 583,104 928,350 (37%) 505,380 558,131 (10%) 177,987 - -	12,012,889 12,698,725 (5%) 2,326,634 3,397,570 (32%) 3,094,875 1,969,365 +57% 986,233 691,910 +43% 535,469 703,894 (24%) 1,255,397 - - 632,245 818,393 (23%) 1,034,255 - - 494,554 611,595 (19%) 362,196 459,552 (21%) 314,015 241,711 +30% 234,596 373,497 (37%) 284,584 314,289 (10%) 161,809 - -
Total 63,138,335 65,880,852 (4%) 23,729,751 22,280,500 +7%

Note: Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy)

1. Revenue (100% basis) represents full month contribution of November and December. Revenue (FDV % share basis) represents contribution from 5 November 2020 following completion of the acquisitions. 2. West Africa includes PropertyPro (Nigeria; 39% owned) and MeQasa (Ghana; 69% owned)

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OUTLOOK

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CONTINUED EXECUTION ON PROVEN STRATEGY

Focused on pursuing scalable growth and profitability across the operating companies

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LEADING
PORTFOLIO OF
THE BEST ONLINE
MARKETPLACES
IN EMERGING
MARKETS
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Deliver economies of scale

Focus on long-term shareholder value

Various monetisation options for operating companies including sell down to shareholders, sale to financial investor, tranche sale to new shareholders, trade sale to strategic, IPO / RTO or merge with competitor

Extend market leadership and unlock transactional revenues to drive increased scale

Achieve portfolio-wide profitability

Consolidate market leadership

Optimise the portfolio balance and prioritisation of businesses, increase shareholdings in better operating companies and assess consolidation opportunities including in adjacent markets

Focus on core business growth, expand customer proposition and deliver portfolio-wide profitability

STRATEGY FOCUSED ON LONG-TERM VALUE CREATION FOR SHAREHOLDERS

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SIGNIFICANT UPSIDE POTENTIAL

FDV ownership evolving towards greater control of proven businesses

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Since its IPO in 2016, FDV has consistently executed on its goal to increase ownership levels of the strongest operating companies in its portfolio, with a clear focus on self-sufficiency

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Facilitating transactions and monetising opportunities across the user base

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revenue streams Founder-led businesses Early stage businesses with market leading generating advertising positions revenue

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REALISING THE PORTFOLIO’S FULL POTENTIAL

Unparalleled online classified expertise focused on sustainable growth

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Sell down to existing
Current focus
shareholders
Create additional
equity value through
active management Sale to financial investor
Establish and consolidate Assess monetisation
market leadership opportunities
Tranche sale to new
shareholders
$
Trade sale to strategic
Optimise the portfolio balance Optimise business strategy FDV continues to explore these
and prioritisation of and other options to maximise
businesses Unlock transactional shareholder value at the most
revenues suitable time for each IPO / RTO
Disciplined rationalisation
operating company
may occur over time
Assess consolidation
opportunities
Merge with
competitor
Exercise equity options to
increase ownership
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STRONG TRACK RECORD OF LONG-TERM VALUE CREATION

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Founder and CEO Shaun Di Gregorio

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• One of the top global online classifieds 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)

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8 4.0
Tenure at REA Tenure at IPP
(2001-2009) (2010-2014)
6 3.0
4 2.0
2 Advertising revenues 1.0
- -
2001 2002 2003 2004 2005 2006 2007 2008 2009 2007 2008 2009 2010 2011 2012 2013
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FDV (ASX: FDV)

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4.0
FDV FDV
(private) (ASX-listed)
3.0
2.0
1.0
0.0
2014 2015 2016 2017 2018 2019 2020 2021 2022
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CORPORATE OVERVIEW

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

Share price performance since IPO

Substantial shareholders

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$1.90
$1.70
$1.50
$1.30
$1.10
$0.90
$0.70
$0.50
$0.30
Aug-16 Aug-17 Aug-18 Aug-19 Aug-20
Board of Directors
Anthony Klok Non-Executive Chairman
Shaun Di Gregorio Founder and CEO
Mark Licciardo Non-Executive Director and Company Secretary
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	Catcha Group (Patrick Grove and Luke Elliott)		13.1%
	Shaun Di Gregorio (Founder and CEO)		11.0%
	Barca Global Master Fund		7.4%
	Smallco Investment Manager		7.3%
	Perennial Value Management		6.3%
	Financial information
	Share price (24-Feb-21)		$1.42
	52-week trading range (low / high)		$0.54 / $2.04
	Shares on issue		342.9m1
	Market capitalisation		A$486.9m
	Cash (31-Dec-20)		A$59.2m
	Debt (31-Dec-20)		N/A
	Enterprise value		A$427.7m
	Indices	Research Coverage
	S&P/ASX All TechnologyIndex(ASX:XTX)	Bell Potter; Morgans

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

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RECENTLY ADDED TO S&P/ASX ALL TECHNOLOGY INDEX

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FDV is the fifth company in its sub-sector to be included in Australia‘s primary technology-focused index Significant benefits to index inclusion Interactive Media & Services constituents

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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

Enhanced size and liquidity profile provide clear pathway to further index inclusions

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APPENDIX

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STATUTORY ACCOUNTS

FDV’s current portfolio contains 12 investments which are accounted for on a consolidated basis and 3 investments which are reported as “associates” under the equity method AASB128

Operating company	Accounting treatment
Zameen	Equity accounted
Encuentra24	Consolidated
Infocasas	Consolidated
AutoDeal	Consolidated
Pakwheels	Equity accounted
Fincaraíz	Consolidated
iMyanmarhouse	Consolidated
Avito	Consolidated
CarsDB	Consolidated
West Africa1	Consolidated
LankaPropertyWeb	Consolidated
Hoppler	Consolidated
Moteur2	Equity accounted
Tayara	Consolidated

1. West Africa includes PropertyPro (Nigeria; 39% owned) and MeQasa (Ghana: 69% owned)

2. FDV acquired the remaining 44% stake in Moteur to move to 100% ownership in 1Q 2021

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FINANCIAL PROFILES

Annual revenue by business since IPO (unaudited, 100% basis)

Annual revenue by business si	Annual revenue by business si	nce IPO (unaudited, 100% basis)	nce IPO (unaudited, 100% basis)	nce IPO (unaudited, 100% basis)	nce IPO (unaudited, 100% basis)	nce IPO (unaudited, 100% basis)
	FDVownership	FY20 ($A) COVID Impacted	FY19 ($A) FY18 ($A) FY17(A$) FY16 (A$)
Zameen	30%	40,107,854	42,329,072	22,405,297	12,366,561	5,750,072
Encuentra24	26%	6,735,659	8,076,192	7,474,347	6,617,180	5,016,198
InfoCasas	52%	5,935,702	6,022,050	2,812,271	1,356,652	824,471
AutoDeal	56%	1,767,759	1,835,136	1,063,713	884,893	458,623
Pakwheels	37%	1,453,421	1,910,577	2,034,576	1,847,756	1,121,485
Fincaraíz1	100%	1,367,317	-	-	-	-
iMyanmarhouse	53%	1,281,008	1,919,567	1,378,363	929,069	737,713
Avito1	100%	1,137,802	-	-	-	-
CarsDB	65%	763,073	943,662	720,605	296,785	92,155
West MENA2	N/A	720,989	851,969	651,331	434,707	157,377
LankaPropertyWeb	53%	601,281	506,147	466,103	284,142	127,395
Hoppler	40%	583,104	928,350	868,150	388,207	447,202
Moteur	56%	505,380	558,131	373,572	200,051	65,445
Tayara1	100%	177,987	-	-	-	-
Total Revenue		63,138,335	65,880,852	40,248,327	25,606,003	14,798,134
Revenue CAGR (FY16-FY20)		44%

• Note: Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy)

• Figure represents contribution from 5 November 2020 onwards, following completion of the acquisitions.

• West Africa includes PropertyPro (Nigeria; 39% owned) and MeQasa (Ghana; 69% owned)

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FINANCIAL PROFILES (CONT.)

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Annual EBITDA by business since IPO (unaudited, 100% basis)

Annual EBITDA by business sin	Annual EBITDA by business sin	ce IPO (unaudited, 100% basis)	ce IPO (unaudited, 100% basis)	ce IPO (unaudited, 100% basis)	ce IPO (unaudited, 100% basis)	ce IPO (unaudited, 100% basis)
	FDVownership	FY20 ($A) COVID Impacted	FY19 ($A) FY18 ($A) FY17(A$) FY16 (A$)
Zameen	30%	1,689,001	264,906	(3,723,114)	(6,380,130)	(4,750,688)
InfoCasas	52%	403,261	294,621	(52,842)	(170,509)	(206,578)
AutoDeal	56%	320,323	266,421	(365,227)	(290,126)	(399,834)
Encuentra24	26%	293,185	(146,006)	(962,044)	(370,279)	(1,623,940)
Avito	100%	168,265	-	-	-	-
Fincaraíz	100%	106,198	-	-	-	-
iMyanmarhouse	53%	46,652	115,383	(167,059)	(244,123)	(264,021)
West Africa1	N/A	(43,835)	(345,367)	(822,445)	(760,720)	(731,252)
Tayara	100%	(45,863)	-	-	-	-
LankaPropertyWeb	53%	(49,199)	(95,593)	(63,095)	(162,535)	(210,438)
Moteur	56%	(104,058)	(39,392)	(140,641)	(188,479)	(253,448)
CarsDB	65%	(170,230)	(699,638)	(177,738)	(383,206)	(400,119)
Hoppler	40%	(295,945)	(736,309)	(491,298)	(162,794)	(474,765)
Pakwheels	37%	(644,559)	(663,533)	(1,001,772)	(715,253)	(1,773,571)
Total EBITDA		1,673,195	(1,784,507)	(7,967,276)	(9,828,154)	(11,088,653)

Note: Figures are for entities with continuing operations as at 31 December 2020 (excludes Propzy)

1. Figure represents contribution from 5 November 2020 onwards, following completion of the acquisitions.

2. West Africa includes PropertyPro (Nigeria; 39% owned) and MeQasa (Ghana; 69% owned)

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