HUBIFY LIMITED — Investor Presentation 2017

May 24, 2017

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Investor Presentation Progress Update

MAY 2017

Investor Presentation Progress Update May 2017

25 May 2017

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Investor Presentation Progress Update May 2017 25 May 2017

The United Value Chain

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Providing simple solutions that matter

United provides low-cost, white-label turnkey solutions, integrated web and mobile API’s allowing partners to enrich the data and value add to their customers whilst providing new ancillary revenue streams. Supported by United Cloud Based GAP Platform.

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Investor Presentation Progress Update May 2017

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Operational Highlights 2017

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• ✔ Changed revenue model with key clients to a commission only model in Dec 2016 has improved gross margins. A revenue effect of $460K relating to unearned revenue has affected the sales in the 9 months. The unearned income will be accounted as the customers use the credit in coming months.

• ✔ Negotiated significant reduction in Global Data costs helping drive up United’s gross margin and at the same time lowering the price points to customers by over 50%

• ✔ Major clients delay in rolling out new integration and products. - Launched End May 2017.

• ✔ Delay in moving current clients to new platform resulting in reduced revenue of $800K

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• ✔ Expanded the GAP to include new Languages including multiple languages

• ✔ Increased our footprint with AWS to enhance reliability/scalability and security

• ✔ Promo module/opportunity module and notification module released to increase functionality Q2 2017

• ✔ Implemented new expanded 2 way messaging for provision of emergency services/Advertising

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• ✔ Launched Wi-Fi app with Major new international Client - Chubb Insurance

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• ✔ Major client order migration to improve effectiveness of offers and control of end to end offer process completed in April 2017

• ✔ Increased geographical footprint of resellers new international resellers for selling of Global SIM (Canada and Europe) - add 2 new resellers

• ✔ Significantly expand the Sales Pipeline internationally with focus on Asian Markets. (Revenues Start from May 2017)

• ✔ Expanded Location Based Services to include detailed Wi-Fi tracking map and 3.5 million locations adding 60,000+ points a month

• ✔ Advertising Module Stage 1 Delivered

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• ✔ New Senior management and Business Development team appointments

• ✔ App expands global reach

• ✔ Revenues will migrate to USD

• ✔ App Purchases from 16 different countries to April

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Cash Flow (unaudited)

		9 Months 2017 Actual
		(unaudited)
Cash at	end of Period	$4.986
Cash In
-	IPO	$7,134
-	Receipts	$5.891
Total Cash In		$13.024
Cash Out
-	Float	$0.829
-	Loans Repay	$0.854
-	Development	$0.099
-	Payments	$6.764
Total Cash Out		$8.546
Cash Surplus (Deficit)		$4.478

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Investment Milestones

Where the money has been utilised

• ✔ Changed revenue model Dec 2016 to improve conversion rates, margin and distribution. Includes SIM repurchase program

✔ Wi-Fi App for United completed Jan 2017

• ✔ Wi-Fi App & Website for Chubb Launched May 2017

✔ Upgraded Location services to include Wi-Fi

• ✔ Promo module/opportunity module and notification module released to increase functionality

✔ Implemented 2 way messaging for provision of emergency services

• ✔ Integration with 3rd party email platforms to allow migration of partner offers to United and increase the tracking whilst ensuring data security

Forward Looking

We expect to see the benefits from the current investments over the next year with revenue and margin improvements from April 2017. United expects to invest up to $0.75m over Q4 2017 and Q1 2018 on expansion and delivery on the current partner opportunities.

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P&L by QTR Results 15/16 - 16/17 (Unaudited)

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Quarterly comparative

		Q1			Q2			Q3		9 Months	12 Months
										unaudited
$’Millions	FY2017		FY2016	FY2017		FY2016	FY2017		FY2016	FY2017	FY2016
Revenue	2.4		1.7	1.3		1.5	0.8		1.6	4.8	7.5
COGS	1.6		1.0	0.8		0.7	0.4		1.0	3.1	4.3
Gross Profit	0.8		0.7	0.5		0.8	0.3		0.6	1.7	3.2
Total Cost	0.597		0.597	0.425		0.667	0.704		0.386	1.976
EBITDA	0.197		0.86	0.026		0.168	-0.366		0.214	-0.309	1.020
NPAT	0.022		0.072	-0.634		0.052	-0.537		0.137	-1.352	0.337

• ✔ Excludes changed revenue model with revenue effect of $460K - unrealised revenue (Cash received) Q3 2017 (unaudited)

✔ Listing Expenses brought to the P&L: $445K -Q3 2017 (Unaudited)

✔ All Numbers presented are unaudited.

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Key Measures (Wi-Fi & Global SIM)

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Conversion Rates for Offer & Acceptance (Global SIM)

SIM Conversion Rates	FY2017	FY2016	% Difference
Free Offer No Credit
Offer Conversions (Order Rate)	11.1%	10%	11.0%
Free Sim that Activated with Credit	43.4%	40.1%	8.23%
(Activation Rate)
ARPU on Free Sim Offer	$71.89	$62.90	14.29%
Paid Sim Activation Rate	95.7%	85.5%	11.93%
ARPU on Paid Sim excluding Including	$50.50	$37.84	33.46%
Revenue

• ✔ All Key Metrics are showing increase in activation and ARPU this is as result of improving offers and a very competitive data offering

• ✔ Current improved metrics indicate that with growth anticipated from new partners United is well placed to accelerate revenue and delivery improved margins for FY 2018.

• ✔ Recent improvements in retargeting show early signs of further improvement in the activation rate leading to reduced sim card wastage

• ✔ All Numbers presented are unaudited.

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United GAP Location Based Services

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United Emergency Location Based Services Platform “GAP” has been used in several critical events across the globe to locate alert and protect people in conjunction with our partners.

Events the United Emergency Services Messaging Platform has been used

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Chubb Connect Launch

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Launched May 2017 Chubb Connect Wi-Fi rolling out across APAC over the next 12 months Offers are now live in market at connect.chubbtravelinsurance.com

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Key Measures Wi-Fi & Global SIM ( Monthly App Downloads)

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Wi-Fi App Statistics

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Countries the Wi-Fi App has been used in

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United Global Pipeline

United Wi-Fi / SIM / Tracking and Messaging platform

The current potential pipeline includes total offer opportunities in excess of 125,000,000 offers per annum.

Estimated offers are based on discussion with the client and the potential offer base . The Opportunity size is calculated using current SIM conversion rates and Wi-Fi rates

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Key Focus Areas

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25 May 20175/25

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Next 12 months focus

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Wi-Fi/SIM Expansion and Location Based Services

✔ Strong Focus on new partners rollout to 12 countries for Wi-Fi and Global SIM

✔ Finalisation and execution on the rollout of our New strategic relationship.

✔ Further commercialise Location Based Services and in enriching the data for our partners

✔ Increase in connectivity points and enriching data sets on hotspot locations

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✔ Extend revenue opportunities for LBS data and demographics

Product Development and SaaS Platform

✔ Focus on increasing revenue from GAP Platform and Apps

✔ Focus on increasing the ARPU of SIM and activations through New Product innovation and data bundling

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✔ Roll out and growth of Local SIM in Australia (FY 2018) This has been delayed by local operator platform upgrades

✔ Launch new M2M/IOT devices and with enrich tracking and reporting

✔ Enriched real time reporting, monitoring solutions and billing solutions.

✔ Extend interconnections platform partnership with third party apps and transaction services providers.

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Disclaimer

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This presentation contains information, ideas and analysis which are proprietary to United Networks Limited (“United Networks”). By agreeing to receive this information you also agree to respect the confidential nature of this entire presentation. Specifically you agree not to reproduce in any manner any part of the information contained herein without our prior written consent. This presentation has been prepared by and issued by United Networks to assist in informing interested parties about the Company and should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation may contain forward looking statements. Whilst United Networks has no reason to believe that any such statements are either false, misleading or incorrect, it cannot and does not warrant or guarantee that through either the passage of time or actions beyond the control of United Networks they will not become so. You should not act and you must refrain from acting in reliance on any of this presentation material. Nothing contained in this presentation constitutes investment, legal, tax or other advice. This overview of United Networks does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects.

The Company has not verified the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by law, the Company makes no representation and gives no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omissions, from any information, statement or opinion contained in this presentation. The contents of this presentation are confidential. This presentation is being provided to you on the condition that you do not reproduce or communicate it or disclose it to, or discuss it with, any other person without the prior written permission of the Company.

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Contacts

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