HIREMII LIMITED — Capital/Financing Update 2021

Nov 11, 2021

==> picture [533 x 624] intentionally omitted <==

Inverse Acquisition NOVEMBER 2021

==> picture [155 x 82] intentionally omitted <==

www.hiremiigroup.com

Disclaimer

==> picture [80 x 42] intentionally omitted <==

NOT AN OFFER OF SECURITIES

This document has been independently prepared by Hiremii Limited ( Hiremii ) and is provided for informational purposes only. This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Hiremii. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction (in particular, the United States), or a securities recommendation. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, and will not be lodged with the Australian Securities and Investments Commission.

Summary information

This document contains a summary of information about Hiremii and Inverse Group Pty Ltd and their activities that is current as at the date of this document. The information in this document is general in nature and does not purport to be complete or to contain all the information which a prospective investor may require in evaluating a possible investment in Hiremii or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth) ( Corporations Act ).

No liability

The information contained in this document has been prepared in good faith by Hiremii, however no guarantee representation or warranty expressed or implied is or will be made by any person (including Hiremii and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document.

To the maximum extent permitted by law, Hiremii and its affiliates and their directors, officers employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this document including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this document including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.

Statements in this document are made only as of the date of this document unless otherwise stated and the information in this document remains subject to change without notice. No responsibility or liability is assumed by Hiremii or any of its affiliates for updating any information in this document or to inform any recipient of any new or more accurate information or any errors or mis-descriptions of which Hiremii and any of its affiliates or advisers may become aware.

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential growth of Hiremii, industry growth or other projections and any estimated company earnings are or may be forward looking statements. Forward-looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Hiremii. Actual results, performance, actions and developments of Hiremii may differ materially from those expressed or implied by the forwardlooking statements in this document.

Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Hiremii and any of its affiliates and their directors, officers, employees, agents, associates and advisers:

• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions;

• do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and

• disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

Not financial product advice

This document does not constitute financial product advice or take into account your investment objectives, taxation situation, financial situation or needs. This document consists purely of factual information and does not involve or imply a recommendation of a statement of opinion in respect of whether to buy, sell or hold a financial product.

An investment in Hiremii is considered to be speculative in nature. Before making any investment decision in connection with any acquisition of securities, investors should consult their own legal, tax and/or financial advisers in relation to the information in, and action taken on the basis of, this document.

Information in this document

This document and the information contained may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Hiremii. By receiving, accessing or reviewing this document, you agree not to copy, use, publish, record or reproduce the information in this document without the prior written consent of Hiremii, which may be withheld in its absolute discretion.

Forward looking statement

Certain information in this document refers to the intentions of Hiremii, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Hiremii’s actual results, performance or achievements to differ from those referred to in this document. Accordingly, Hiremii and its affiliates and their directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of these events referred to in the document will actually occur as contemplated.

Acceptance

By attending a briefing or accepting, accessing or reviewing this document you acknowledge and agree to the "Disclaimer" as detailed above.

MARKET UPDATE | NOVEMBER 2021

2

==> picture [80 x 42] intentionally omitted <==

OUR HISTORY

Hiremii is on a technology journey towards state-ofthe-art automation, across the recruitment pipeline, using advanced artificial intelligence, with a strategic focus on developing first-class candidate matching, speed of placement and candidate intelligence.

2017 Oncontractor accepted into PwC Australia Business Align and Connect programme. 2018 Hiremii platform launched. 2019 Labour-hire agreement between Oncontractor and UGL. 2020 Hiremii brand and recruitment business launched. Signed Master Services with PwC. 2021 Hiremii listed on ASX, raising $6m. 2021 Acquisition of 100% of the issued share capital of Inverse Group.

MARKET UPDATE | NOVEMBER 2021

3

==> picture [80 x 42] intentionally omitted <==

TRANSACTION

The total purchase price for the acquisition of Inverse Group is up to A$1,500,000 (subject to certain performance milestones being achieved). The Completion Payment will be funded via the Company's existing cash reserves and the milestone payments will be subject to adjustments in respect to Inverse Group's debt position as at completion.

Performance Milestones	Cash Payments
At completion subject to due diligence (Completion Payment)	$800,000
Subject to Inverse Group achieving a twelve-month trailing reviewed or audited revenue of A$12,000,000 or more as at 31 December 2021	$200,000
Subject to Inverse Group achieving a twelve-month trailing reviewed or audited revenue of A$14,000,000 or more as at 31 March 2022	$250,000
Subject to Inverse Group achieving a twelve-month trailing revenue of $16,000,000 or more as at 30 June 2023	$250,000

Performance Rights	Mr Andrew Hornby	Mr Chris Flint
Performance Rights will vest on 30 June 2022	335,000	165,000
Upon Inverse Group achieving a twelve-month trailing reviewed or audited revenue of A$12,000,000 or more as at 31 December 2021	335,000	165,000
Upon Inverse Group achieving a twelve month trailing reviewed or audited revenue of A$16,000,000 or more or reviewed or audited EBITDA of A$700,000 or more as at, or prior to, 30 June 2023	1,340,000	660,000

MARKET UPDATE | NOVEMBER 2021

==> picture [80 x 42] intentionally omitted <==

INVESTMENT HIGHLIGHTS – ACQUISITION OF INVERSE GROUP

==> picture [77 x 90] intentionally omitted <==

INVESTMENT - the total purchase price for the acquisition of Inverse Group is up to A$1,500,000 (subject to certain performance milestones being achieved).The Completion Payment will be funded via the Company’s existing cash reserves.

==> picture [77 x 90] intentionally omitted <==

TEAM - both Mr Andrew Hornby and Mr Chris Flint, have entered into executive service agreements with the Company bringing significant and diverse experience in recruitment.

==> picture [77 x 89] intentionally omitted <==

APPLICATION OF HIREMII TECHNOLOGY – provides an opportunity to gain efficiencies across the Company Group as well as provide additional utility to Inverse Group.

==> picture [77 x 89] intentionally omitted <==

12 MONTH TRAILING UNAUDITED REVENUE OF A$8.4M AS AT 30 SEPTEMBER 2021 – this is in addition to Hiremii’s 12 month trailing unaudited revenue of A$6.4m as at 30 September 2021.

==> picture [77 x 90] intentionally omitted <==

• MACHINE LEARNING AND AI provides significant increase in operating scale, adding an additional 40+ registered clients, and reduces concentration risk on single clients.

MARKET UPDATE | NOVEMBER 2021

5

==> picture [80 x 42] intentionally omitted <==

HIREMII WELCOMES INVERSE GROUP

Andrew Hornby Chief Executive Officer – Inverse

==> picture [155 x 43] intentionally omitted <==

Project and execution partner across traditional power , oil and gas and renewable industries.

==> picture [133 x 162] intentionally omitted <==

==> picture [134 x 161] intentionally omitted <==

==> picture [155 x 42] intentionally omitted <==

The Inverse Resources team provide recruitment expertise for operators and contractors in the mining industry.

Chris Flint Executive Director – Inverse

==> picture [154 x 42] intentionally omitted <==

Partnering with organisations to implement data science and analytics capability, design automation and AI systems with their operations

MARKET UPDATE | NOVEMBER 2021

6

==> picture [80 x 42] intentionally omitted <==

COMBINED STRUCTURE

BOARD OF DIRECTORS

Andy Stone Chief Operating Officer

Chris Brophy CEO & MD Ildiko Wowesny Chief Financial Officer/ Co-Sec

Andrew Hornby Chief Commercial Officer and CEO Inverse Group

Mr. Stone is a recruitment professional with 25+ years’ Ms Wowesny has 20 years of experience in finance and experience in technical and trade markets across operations management beginning at Deloitte and Europe, the Middle East, Australia and Southeast Asia. moving on to listed and unlisted mining and oil & gas companies both nationally and internationally. She has a double major in accounting and finance and is CPA qualified.

Mr Hornby has extensive experience in supporting senior technical and executive level professionals across the digital and resources industries throughout Australia, New Zealand, SEA and EME regions.

Jayde Stokes General Manager Oncontractor

Chris Flint Executive Director Inverse Group

Ms Stokes has 17 years of experience in national recruitment, sales/business development and management role. These positions have been in a number of sectors, including executive selection, defense, oil & gas, mining, renewables, construction, infrastructure, industrial, fast moving consumer goods, transport, rail, trades and professional services.

Mr Flint has 19 years of recruitment industry experience with a strong technical understanding of the energy industry. He is a specialist at growing and managing large contractor teams across white-collar disciplines including management, engineering, project services and office support disciplines. He is experienced in both contract and permanent recruitment.

MARKET UPDATE | NOVEMBER 2021

7

BUSINESS COMBINATION

Clients

==> picture [259 x 253] intentionally omitted <==

==> picture [31 x 46] intentionally omitted <==

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

6
Active
Clients
Hiremii
----- End of picture text -----

==> picture [31 x 56] intentionally omitted <==

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

24
Active
Clients
Inverse
Group
----- End of picture text -----

30 Active Clients Combined

Labour-hire Deployments

==> picture [239 x 252] intentionally omitted <==

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

90 Hiremii Inverse Group 80 [170] Combined
----- End of picture text -----

Unaudited 12-month Trailing Revenue as at 30 Sept 2021

$14.8m Combined

==> picture [207 x 74] intentionally omitted <==

$6.4m $8.4m Hiremii Inverse Group

30+ Registered Clients Hiremii

40+ Registered Clients Inverse Group

MARKET UPDATE | NOVEMBER 2021

8

==> picture [80 x 42] intentionally omitted <==

GEOLOCATIONS OF CONTRACTORS

==> picture [260 x 260] intentionally omitted <==

• Hiremii Inverse Group

• Australia • New South Wales • Victoria • South Australia • Western Australia • Queensland Singapore South Korea

SECTOR DIVERSITY

	Hiremii	Inverse Group
Resources
Energy
Digital
Utilities
Corporate Services

MARKET UPDATE | NOVEMBER 2021

9

==> picture [80 x 42] intentionally omitted <==

AVERAGE REVENUE PER MONTH OVER QUARTER

(UNAUDITED)

QUARTER ENDED 31 SEPTEMBER 2021

==> picture [770 x 299] intentionally omitted <==

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

HMI LTD INVERSE GROUP BUSINESS COMBINATION
PERM RECRUITMENT SALES LABOUR HIRE SALES
1,580,000
1,140,000
440,000
53,000 54,600
1,600
----- End of picture text -----

MARKET UPDATE | NOVEMBER 2021

SUMMARY OF SYNERGIES

==> picture [80 x 42] intentionally omitted <==

==> picture [852 x 353] intentionally omitted <==

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

• Increase in active clients
Revenue +300%
• Sector Diversity increase in revenue
• Cross-Selling Opportunity
• Shared Services
Operational/Risk +500%
•
Synergies Operational restructuring Increase in active clients from
6 to 30
• Removal of Concentration Risk
Margin • Reduction in Factoring + 2% to 5%
Requirements
----- End of picture text -----

MARKET UPDATE | NOVEMBER 2021

11

HIREMII TECHNOLOGY UPDATE

==> picture [80 x 42] intentionally omitted <==

==> picture [780 x 477] intentionally omitted <==

MARKET UPDATE | NOVEMBER 2021

12

==> picture [206 x 91] intentionally omitted <==

Thank You

==> picture [116 x 45] intentionally omitted <==

www.hiremiigroup.com