HUBIFY LIMITED — Interim / Quarterly Report 2018

Apr 22, 2018

23 April 2018

March 2018 Quarterly Update

Highlights

Cash and Operating summary

• Sales set to grow in Q4 from launches associated with existing and new partner activity with advance orders received;

• Cash as at 31 March 2018 $1.2 million;

• RnD Grant lodged April 18 estimate : $520k;

• Operating Overheads reduced by $1.2 million (Annualised);

• Operating cashburn reduced by 33% on Q2;

• Cash flow on track to be positive at an overall level and neutral at an operating level in Q4.

New Distribution

• New large Global Insurer signed in March and will be launched in Q4; Details to be released at launch;

• Several new global wifi and sim Resellers signed in Q3.

• Circa 10,000 forward orders from new and existing partners have been received on SIM cards. 5,600 of these orders are from new resellers.

New products

• SOS Alerts was launched into Chubb Connect App in January and is now earning revenue;

• Flight Delay Insurtech solution schedule for release in Q4 with existing partners.

Wi-Fi strong revenue growth

• Q3 take up rate up to 35% of all offers;

• 96% Compounded growth in activations quarter on quarter since launching;

• 310% increase in Wi-Fi Revenue was recorded March from the February and January average sales and 160% on Q2 in total.

• New partners launching in Q4 will drive further revenue for Wi-Fi.

Global SIM business KPIs trending positively

• Global SIM retail data rates reduced by over 70% in the Quarter;

• New SIM Order Volume up 30% on previous quarter to 10,120 SIMs;

• New promotions with existing partners resulted in significant increase in customer satisfaction ratings (NPS) reflected by doubling in the Customer Satisfaction Index score and increased ARPU to $83 up from $68 Q3 FY 17.

Business Overview attached

FOR FURTHER INFORMATION

Mr Nicholas Ghattas Managing Director United Networks Limited nghattas@unitednetworks.net.au PH: (02) 9003 9514

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