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AGM Presentation I ASX:HTG November 28, 2023

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Welcome

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Introduction

Board of Directors Jeff Sengelman Chairman Non-Executive Director

Company Secretary

Jack Rosagro

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Marcus Machin Non-Executive Director

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Ross McKinnon Non-Executive Director

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Annual Financial Report

Shareholders are invited to ask questions and make comment on the annual financial statements.

HLB Mann Judd auditor, Danny Buckley, is available to answer questions relevant to the financial audit for FY2023.

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Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Resolutions

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Resolution 1: Remuneration Report

To consider and, if thought fit, to pass with or without amendment, as a non-binding ordinary resolution the following:

'That the Remuneration Report be adopted by Shareholders.'

Results	Results
For	110,978,474
Against	36,977,022
Abstain	83,389
Chairman's Discretion (in favour)	0
Total	148,038,885

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Resolution 2: Election of Director – Mr. Ross McKinnon To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following:

‘That, for the purpose of Listing Rule 14.4, Article 7.6(c) of the Constitution and for all other purposes, Mr Ross McKinnon, a Director who was appointed as a Director in accordance with Article 7.6(a) of the Constitution on 1 April 2023, retires and, being eligible, is elected as a Director of the Company, on the terms and conditions in the Explanatory Memorandum.'

Results	Results
For	123,613,779
Against	77,022,410
Abstain	2,783,389
Chairman's Discretion (in favour)	3,266,178
Total	206,685,756

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Resolution 3: Re-election of Director – Mr. Jeffery Sengelman To consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following:

‘That, Mr Jeffery Sengelman, in accordance with Article 7.2(a) of the Constitution, Listing Rule 14.4 and for all other purposes, retires and, being eligible and offering himself for re-election, is reelected as a Director, on the terms and conditions in the Explanatory Memorandum.'

Results	Results
For	166,850,465
Against	36,685,724
Abstain	83,389
Chairman's Discretion (in favour)	3,066,178
Total	206,685,756

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Resolution 4: Approval of 10% Placement Facility To consider and, if thought fit, to pass with or without amendment, as a special resolution the following:

‘That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of Equity Securities totalling up to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions in the Explanatory Memorandum.'

Results	Results
For	183,709,108
Against	19,825,753
Abstain	84,717
Chairman's Discretion (in favour)	3,066,178
Total	206,685,756

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Resolution 5: Reinsertion of Proportional Takeover Bid Approval Provisions

To consider and, if thought fit, to pass with or without amendment, as a special resolution the following:

‘That the modification of the Company's Constitution to re-insert the proportional takeover bid approval provisions contained in schedule 5 of the Constitution for a period of three years from the date of approval of this Resolution is approved under and for the purposes of sections 648G(4) and 136(2) of the Corporations Act and for all other purposes .'

Results	Results
For	203,410,757
Against	124,104
Abstain	84,717
Chairman's Discretion (in favour)	3,066,178
Total	206,685,756

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Final Poll

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Chairman Address

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CEO Address

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Financial Summary

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FY23 results

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Sales revenue R&D investment Net operating Cash balance 3.04m 3.96m cash outflow 3.29m[] ▲42% ▼15% (4.59m) ▼26.8% FY2022 2.14m FY2022 4.65m ▼49% FY2022 4.49m _ FY2022 (9.00m) _including 2.3m cap raise realised in early FY2024 Total revenue R&D rebate Net Loss EBITDA 5.65m 2.56m (10.00m) (4.78m) ▲161% ▼31% ▼57% FY2022 2.16m FY2024 ~1.6m FY2022 (14.50m) FY2022 (11.13m)

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

FY23 revenue diversification

The Group continues to expand and diversify revenue streams by sector and region
Key markets in FY23 remained Offshore Services, Energy and Maritime (collectively 83% of total revenue)
Regional sales expansion saw the contribution from nonAPAC regions grow by over 100% to c.30% of revenue in FY23

Revenue by Sector FY23 Revenue by Region FY23

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Utilities Other
Diversified Sat Comms 1.0% 1.1%
1.6%
Industrials
4.9%
Defence
8.1%
Maritime
8.8%
Offshore
Services
43.9%
Energy
30.6%
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UK
11.2
%
Europe
8.7%
Americas
9.2%
APAC
70.9%
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Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Q1 FY24 revenue

Continued business development and marketing efforts has yielded noticeable benefits in Q1 FY24
Continued organic growth of Defence as a large and important market has been emphasised in Q1 FY24 – contributing 1/3 of total revenue, significantly growing European region sales
Opportunity pipeline continues to grow across regions and sectors benefiting from targeted sales approach

Revenue by Sector Q1 FY24

Revenue by Region Q1 FY24

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Sat
Comms Other
0.3% 5.0%
Diversified
Industrials
2.3%
UK Middle East
2.6% 19.9% APAC
32.8%
Defence
33.1%
Offshore Services
51.9%
Americas
Europe 8.8%
35.9%
Maritime
3.5%
Energy
4.0%
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Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Operations

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FY23 in review

KEY PRIORITIES

ü Execute customer and income diversification strategy
ü Execute delivery of innovative technology solutions
ü Maintain cost-discipline
ü Adapt operational structure to meet external challenges
ü Balance growth and future development with available resources

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CUSTOMERS

ü New :

3-year contract DOF Subsea
2-year contract Vallianz
Multi-year projects (to 2027) with European Defence Force and FVEY Defence Force
US Defence and Government contractor
Multiple projects with Tier 1 & 2 contractors in North Sea and Gulf of Mexico

ü : Existing

Esso, TechnipFMC, Inpex, Ocean Infinity and Fugro annual renewals and expansion

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

FY23 achievements

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TECHNOLOGY

ü Released :

Nodestream™ V2 protocol update
Combined Nodestream™ / RiS™ tech stacks
Nodestream™ Enterprise server (NSE™)
Nodestream™ integrated – embedded module (NSI™)
ü : Bespoke Development
Smart buoy subsea monitoring solution

ü : Testing

“NS2” cloud platform

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PARTNER ECOSYSTEM

ü New :

Global agreement with The AST Group
Tripartite solution partner agreement with The AST Group and Guerrilla Technologies for FVEY defence customer solutions
Digital Edge Subsea reseller agreement - global
Shamal Technology reseller agreement – Middle East
ü : Existing
Multi-year project with EUDF through Marlink
Upcoming ME projects with Speedcast

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Strategic plan update 1 Speed & Scalability 2 ü Delivery of Wearwolf™ and Nodestream™ downloadable decoder software applications ü Building of scalable production and management systems ü Advancing development of existing Infinity product suite ü Ramping resources to support innovation, sales, marketing, BD, and regional expansion ü Establishing relationships with global industry Income Diversity

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1 3
Speed & Scalability 2 Expansion & Growth
ü Delivery of Wearwolf™ and Nodestream™ • Delivery of cloud-based platform
downloadable decoder software applications • Become a trusted provider within the
ü Building of scalable production and Defence, Space and National Security
management systems communities
ü Advancing development of existing Infinity • Explore and develop third-party alliances
product suite and opportunities in the consumer
ü Ramping resources to support innovation, market
sales, marketing, BD, and regional expansion • Commence initial exploration and
ü Establishing relationships with global industry Income Diversity development of business opportunities in
partners, resellers and solutions providers Asia
Generate new Continue
Targeted Release
customer technology Release new Expand Increase Development
marketing to Diversify Expand into enhanced V2
growth and development RiS™ system partner and global user of “NS2”
specific revenue U.K., EMEA Nodestream™
increase sales to enhance with V2 reseller support cloud
industry streams and Americas software
to existing core software ecosystem services platform
verticals application
customers functionality
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Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

The journey

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Discovery Attention to Detail Race Is On Second Act Future State
Discover market opportunity where sales Transition Drive demand New products Grow the potential
and use is repeatable and predictable. business to build and sales to and routes to with M&A
Develop concept and commercialise. scalable grow fast market activities
infrastructure
Problem Solution Product Market Readiness to Growth
Fit Fit scale acceleration Expansion Transformation
Current
status
Expected
status
~5 years +1 year ~2 years ~2 years ~2 years
Phase of Strategic Plan: Phase 1 Phase 2 Phase 3
Inception: 2020 2021 2022 2023 2024 2025 ~2027 ~2029 ~2031
Relative Durations
Relative Growth Momentum
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At least 1 year ahead in growth momentum and duration compared to average tech start-up journey
Harvest at inflection point to support scalable opportunities and revenue growth
Concurrent with Phase 3 Expansion & Growth commencing CY2023/2024

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Source: Gartner, Inc. 2022 – 785805_C

FY24 priorities

Continue to execute customer and income diversification strategy
Deliver “NS2” to market = condition satisfied to transition to Phase 3 of strategic plan = expansion and revenue growth
Maintain cost-discipline and manage resources
Grow partner ecosystem and increase on-ground capacity to support regional expansion including business development and sales and customer and partner support
Seek opportunities for embedment and integration into 3[rd] party products and solutions

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Cloud platform

AVRLIVE™ CLOUD (“NS2” v.1)

Our platform is ready for deployment with pilot trials set to commence with specific customers this week. We are looking forward to their feedback on the new platform.

It’s been built from the ground up using our core technology and learnings from more than 300,000 operational hours in field.

It will provide our customers with unrivalled operational awareness and asset aggregation on one platform is as easy as using Netflix.

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Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Cloud platform

EXPECTATIONS

Customer own deployment with minimal contact with Harvest – improves conversion rates and reduces impact to sales resources
Passively provides the company with a scalable recurring SaaS revenue source
consumption-based electronic model
retention – once onboarded remain subscribed
improved long-term forecasting capability
Transition and scaling up of existing customers
Enables embedment into third party products
Increased access to wider customer base especially businesses with a large number of users and assets

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Thank you

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Harvest Technology Group Limited (ASX:HTG)

Investor Enquiries:

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Appendices

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FY23 results

↑ 42% in sales driven by growth in new regions and sectors
$4.0m invested in R&D and product enhancements to drive future growth opportunities and help scale revenue
$2.6m R&D incentive rebates received, increasing reported revenue by 161%
↓ 19% personnel expenses due to cost-discipline despite investment in added capabilities needed to grow sales and product delivery
Growth in revenue + continued focus on cost control + resource realignment = Net Loss reduced by 31% for the year (included $0.3m loss from discontinued vessel activities and $4.8m non-cash expenses)
Net operational cash outflows ↓ 49%, due to improved trading performance and $2.6m R&D incentive rebates
EOFY cash balance c.$1.0m + additional $2.3m realised post year-end from capital raising activities

KEY FINANCIAL DATA (in AUD millions)	Up/ Down	%	FY2023	FY2022
Sales - Technology	↑	42	3,042,307	2,145,455
Total Revenue	↑	161	5,655,537	2,161,410
Net Loss for the year from continuing operations	↓	29	(9,684,421)	(13,710,336)
Net Loss for the year attributable to members	↓	31	(10,002,733)	(14,500,660)
Net Cash used in operating activities	↓	49	(4,586,206)	(9,004,539)
Cash Balance	↓	78	992,018	4,497,315

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

Disclaimer

This presentation is made available by Harvest Technology Group Limited (“HTG”, “Company”, “Group”, “Harvest” or “we”).

Material used in this presentation is only an overview and summary of certain data selected by the Management. It is intended to provide background information only and may not be reproduced or redistributed in whole or in part nor may its contents be disclosed to any other person.

This presentation may include forward-looking statements. You can identify these statements by the fact that they use words such as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, “assume” or similar words or expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forwardlooking statements are subject to a number of risks and uncertainties. The future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. This presentation also includes technical, financial, market and related industry statements which are based on publicly available information, or from data held on file at the Company.

Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. Reliance should not be placed on information or opinions contained in this presentation.

Investors are cautioned that references to market size are provided for context only and are not intended to reflect HTG's target addressable market. HTG's ability to access global markets is limited by factors such as regulations and licensing requirements, local competition, geographical and linguistic barriers and other substantive barriers to entry.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any person.

This presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in HTG nor does it contain all the information which would be required in a disclosure document prepared in accordance with the requirements of the Corporations Act and should not be used in isolation as a basis to invest in HTG. Recipients of this presentation must make their own independent investigations, consideration and evaluation of HTG.

HTG recommends that potential investors consult their professional advisor/s as an investment in HTG is considered to be speculative in nature.

To the maximum extent permitted by law, HTG disclaims any responsibility to inform any recipient of this presentation on any matter that subsequently comes to its notice which may affect any of the information contained in this document and presentation and undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

To the maximum extent permitted by law, neither HTG nor, any affiliates, related bodies corporate and their respective officers, directors, employees, advisors and agents, nor any other person, accepts any liability as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or any omission from this presentation or of any other written or oral information or opinions provided now or in the future to any person.

HTG recommends that potential investors consult their professional advisor/s as an investment in HTG is considered to be speculative in nature.

Unless otherwise specified, all references to $ amounts are in Australian dollars.

Harvest Technology Group Ltd I AGM Presentation – November 28, 2023

AI assistant

HARVEST TECHNOLOGY GROUP LTD AGM Information 2023

65075_rns_2023-11-27_afbcf4cf-7ac7-40f4-8b1d-c81532dae06e.pdf

Welcome

Introduction

Annual Financial Report

Resolutions

Resolution 1: Remuneration Report

Resolution 5: Reinsertion of Proportional Takeover Bid Approval Provisions

Final Poll

Financial Summary

FY23 results

FY23 revenue diversification

Q1 FY24 revenue

Operations

FY23 in review

KEY PRIORITIES

CUSTOMERS

FY23 achievements

TECHNOLOGY

PARTNER ECOSYSTEM

The journey

FY24 priorities

Cloud platform

AVRLIVE™ CLOUD (“NS2” v.1)

Cloud platform

EXPECTATIONS

Thank you

Appendices

FY23 results

Disclaimer

AI assistant

HARVEST TECHNOLOGY GROUP LTD — AGM Information 2023

65075_rns_2023-11-27_afbcf4cf-7ac7-40f4-8b1d-c81532dae06e.pdf

Welcome

Introduction

Annual Financial Report

Resolutions

Resolution 1: Remuneration Report

Resolution 5: Reinsertion of Proportional Takeover Bid Approval Provisions

Final Poll

Financial Summary

FY23 results

FY23 revenue diversification

Q1 FY24 revenue

Operations

FY23 in review

KEY PRIORITIES

CUSTOMERS

FY23 achievements

TECHNOLOGY

PARTNER ECOSYSTEM

The journey

FY24 priorities

Cloud platform

AVRLIVE™ CLOUD (“NS2” v.1)

Cloud platform

EXPECTATIONS

Thank you

Appendices

FY23 results

Disclaimer

More from HARVEST TECHNOLOGY GROUP LTD

HARVEST TECHNOLOGY GROUP LTD AGM Information 2023