IDENTITII LIMITED — Interim / Quarterly Report 2021

Mar 8, 2021

==> picture [159 x 27] intentionally omitted <==

Know YourTransaction

Identitii Ltd H1 FY21 Report Presentation

9 March, 2021

2pm AEDT

John Rayment, CEO, Identitii

==> picture [475 x 344] intentionally omitted <==

==> picture [158 x 46] intentionally omitted <==

Agenda

1. Welcome

2. Overview and progress update

3. Growth strategy

4. Questions

Our vision

A trusted and transparent financial services industry, which is accessible to everyone, and where financial crime is impossible

==> picture [121 x 19] intentionally omitted <==

What exactly do we do?

Identitii bridges the gap:

Overlay multiple existing systems with a single platform, to bridge the growing gap between demand from regulators and customers, and capabilities of legacy technology

==> picture [53 x 12] intentionally omitted <==

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

demand
----- End of picture text -----

==> picture [75 x 75] intentionally omitted <==

==> picture [66 x 14] intentionally omitted <==

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

capability
----- End of picture text -----

• between the growing demand from regulators and customers to see more information about financial transactions

• and the capability of legacy technology used in much of the financial services industry

• more

• to exchange transaction information securely between teams and organisations

How do we do it?

==> picture [615 x 342] intentionally omitted <==

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

Customers Request Report
Scalable Cloud Hosted ISO 27001 Certified
----- End of picture text -----

Identitii’s Overlay+ platform:

• collects data from multiple different systems

• creates a single view of all transaction information

• facilitates missing information requests with other parties

• sends complete and accurate reports to the regulator

On requesting information:

Identitii enables large correspondent banks to securely share rich client and transaction data, across their own private network of trusted respondent banks

==> picture [121 x 19] intentionally omitted <==

What’s driving the industry to engage us?

Global banks are exiting long-term relationships with smaller banks in high-risk markets, generating new costs and risks, as companies find alternative access to global finance

==> picture [57 x 56] intentionally omitted <==

==> picture [42 x 50] intentionally omitted <==

==> picture [39 x 39] intentionally omitted <==

Appetite for risk is decreasing

Financial crime compliance requirements vary between countries and across the industry

Anti-money laundering (AML) compliance requires a significant amount of information

==> picture [46 x 55] intentionally omitted <==

==> picture [105 x 33] intentionally omitted <==

Secure information sharing between institutions is difficult

Centralised approaches do not work for sensitive data

Information sits in siloed systems that are difficult to connect

Since 2011, global banking networks have declined by 22%[1]

30% decrease in the number of times US and EU banks used as correspondents[1]

50% LATAM banks[2]

28% African banks[2]

1. New correspondent banking data, The Bank for International Settlement (BIS) 2. The cost of de-risking, Accuity

On reporting information:

Identitii automates complete and accurate AUSTRAC reporting, creating a single, transparent and auditable view of what is and isn’t reportable

==> picture [121 x 19] intentionally omitted <==

What’s driving the industry to engage us?

==> picture [440 x 111] intentionally omitted <==

==> picture [441 x 127] intentionally omitted <==

==> picture [438 x 128] intentionally omitted <==

==> picture [441 x 126] intentionally omitted <==

The Banking Executive Accountability Regime (BEAR) , set out in Part IIAA of the Banking Act 1959, establishes accountability obligations for authorised deposit-taking institutions (ADIs) and their senior executives and directors. The regime also establishes, among other things, deferred remuneration, key personnel and notification obligations for ADIs.

==> picture [960 x 67] intentionally omitted <==

What is our growth strategy?

Deliverliver Landnd Expandpand Innovatenovate Monetisenetise Focus on the basics, and Leverage AUSTRAC’s Grow reporting deals to Continuously improve core Monetise other previous service existing clients in public discussion of include Request use-cases Overlay+ platform technology investments, HSBC, Mastercard and regulatory non-compliance (correspondent bank and through ongoing innovation which no longer fit our HomeSend to drive sales of Reporting remediation) once and product updates core RegTech strategy contracts agreed  Signed MSA with  Won Client Centricity  Won Sibos Pitch Perfect  Granted patent approval  Launched Payble, to fix Mastercard, first and Award at the Citi 2020 Competition, promoting in the United States late and failed payments second project Mega FinTech Accelerator correspondent banking before they happen  ISO 27001 certification commenced with Overlay+ Reporting. use case to more than granted  Received seed investment  Increased customer  Named ‘One to Watch: 22,000 delegates from CommBank's representing 10,000 revenue by 129% AML/CTF Reporting’ by x15Ventures. institutions from all over  Regulation Asia Reduced operating costs the world.

• Signed MSA with  Won Client Centricity Mastercard, first and Award at the Citi 2020 second project Mega FinTech Accelerator commenced with Overlay+ Reporting.

• Increased customer  Named ‘One to Watch: revenue by 129% AML/CTF Reporting’ by

• Reduced operating costs Regulation Asia by 27%  More to come!

• Raised $5.9million

==> picture [66 x 48] intentionally omitted <==

==> picture [74 x 37] intentionally omitted <==

==> picture [48 x 33] intentionally omitted <==

==> picture [89 x 21] intentionally omitted <==

==> picture [83 x 38] intentionally omitted <==

==> picture [54 x 54] intentionally omitted <==

==> picture [74 x 45] intentionally omitted <==

==> picture [33 x 44] intentionally omitted <==

What is our sales strategy?

Landnd Expandpand Leverage AUSTRAC’s public discussion of regulatory non-compliance to drive sales of Reporting

Grow reporting deals to include Request use-cases (correspondent bank and remediation) once contracts agreed

==> picture [777 x 130] intentionally omitted <==

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

First contract Second contract Multiple contracts
Reporting Reporting Request Reporting Request Network
Land Expand Expand
----- End of picture text -----

How do we measure success*?

For the end of FY22	One-off $	ARR $	Total $
1 x global correspondent network with 35 respondent	$7.3m	$4.0m	$11.3m
members
2 x new global correspondent networks in pre-	-	-	-
production
12 x regulatory reporting customers	$1.2m	$1.2m	$2.4m
Totals	$8.5m	$5.2m	$13.7m
For the end of FY25	One-off $	ARR $	Total $
7 x global correspondent networks, each with 50	$72.1m	$38.5m	$110.6m
respondent members
25 x regulatory reporting customers	$2.5m	$2.5m	$5.0m
Totals	$74.6m	$41.0m	$115.6m

Total address. market:

• ~200 correspondent banks in the world

• incl. 16 of the top 20 banks in the world (by total assets)

• major correspondent banks may have thousands of respondent banks in their network

ARR = annual recurring (license) revenue

• Indicative figures. Not a forecast

Our management team

==> picture [97 x 97] intentionally omitted <==

John Rayment CEO & Managing Director

Having supported many earlystage ventures through sharp periods of growth, John is driving Identitii as it scales to meet growing customer demand. He has held board and executive roles at Travelex across the globe and has proven success in helping businesses to scale in line with rapidly expanding customer demand.

==> picture [99 x 99] intentionally omitted <==

Trent Jerome Chief Financial Officer

Experienced CFO who has held finance and operational leadership roles at organisations including AAPT, Ingogo and Evolt.

==> picture [97 x 97] intentionally omitted <==

Clare Rhodes Marketing & Communications

FinTech marketing veteran with experience across APAC, the UK and US and proven track record supporting rapidly scaling global businesses

==> picture [96 x 97] intentionally omitted <==

Ben Buckingham Strategy & Partnerships

Strong background in driving customer growth at McKinsey and Company and as a banking and finance lawyer

==> picture [97 x 97] intentionally omitted <==

James Andrew-Smith Products & Projects

Significant experience developing distributed systems and databases for complex organisations.

==> picture [93 x 93] intentionally omitted <==

Andrew Creighton Business Development

Former Global Transformation Head for IMO at Standard Chartered Bank, with additional experience in leadership roles at UBS and NAB

==> picture [97 x 97] intentionally omitted <==

Gus Garcia Technology

Ex-Global Head of Architecture for Travelex, where he oversaw hundreds of complex technology systems

Questions?

==> picture [121 x 19] intentionally omitted <==

Appendix

==> picture [121 x 19] intentionally omitted <==

Our capital structure

Capital structure

ASX	ID8
Date listed	17 October 2018
Share price	$0.14
Ordinary share on issue	151.8m
Market capitalisation (undiluted)	A$21.2m
Unlisted options	12.3m
Pro forma cash at 31 December 2020	A$5.0m

Share register composition

Top 20	33.8%
KTM Ventures Innovation Fund LP	4.9%
HSBC Custody Nominees (Australia) Limited	4.2%
Bannaby Investments Pty Ltd	2.2%
CS Third Nominees Pty Ltd <HSBC Cust Nom Au Ltd 13	2.1%
Wodi Wodi Pty Limited	2.0%

*As of 9 March 2021

Summary profit and loss

Period	31-Dec-20	31-Dec-19
Revenue from customer contracts	941,139	410,486
Other income and government incentives	599,008	655,237
Total revenue and other income	1,540,147	1,065,723
Expenses
Salaries and employee expenses	1,629,781	2,081,747
Research and development expenses	630,243	1,564,570
Other expenses	1,404,689	1,489,539
Depreciation and amortisation	107,798	61,564
Total expenses	3,772,511	5,197,420
Loss for the period	(2,232,364)	(4,131,697)

Cash flow statement

Period	31-Dec-20	31-Dec-19
Cashflows from operating activities	$	$
Receipts from customers	936,479	432,455
Receipts from government grants and incentives	1,030,881	1,205,915
Payments to suppliers and employees	(3,357,904)	(4,517,976)
Interest	414	(3,823)
Total cashflow from operating activities	(1,390,130)	(2,883,429)
Cashflows from investing activities
Acquisition of property, plant and equipment	-	(16,027)
Proceeds from disposal	-	1,840
Acquisition of intangibles	-	(62,112)
Total cashflow from investing activities	-	(76,299)
Cashflow from financing activities
Proceeds from the issue of shares	5,923,197	-
Transaction costs related to issue of shares	(291,746)	-
Repayment of borrowings and leases	(650,656)	(47,300)
Transaction costs related to borrowing and leases	(49,500)	-
Other financing cashflows	100,000	-
Total cashflow from financing activities	5,031,295	(47,300)
Net increase/decrease in cash held	3,641,165	(3,007,028)
Opening cash balance	1,411,309	4,120,380
Effect of exchange rate movements	(31,865)	(5,445)
Closing cash balance	5,020,609	1,107,907

Disclaimer and important notice.

This presentation has been prepared by Identitii Limited (ABN 83 603 107 044) (Identitii, Company) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Identitii, nor does it constitute financial product advice or take into account any individual’s investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of Identitii and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Identitii is not licensed to provide financial product advice in respect of its

securities or any other financial products. Cooling off rights do not apply to the acquisition of Identitii securities.

Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Identitii, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it.

The information contained in this presentation is subject to change without notice and Identitii does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation.

The distribution of this presentation may be restricted by law and you should observe any such restrictions. This presentation contains certain forward looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of Identitii to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which Identitii will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

To the full extent permitted by law, Identitii and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).

*This presentation has been approved and authorised to be lodge with ASX by the Board of Identitii Limited

==> picture [226 x 38] intentionally omitted <==

Know Your Transaction

Email: investors@Identitii.com Phone: +61 2 8806 0438 Web: www.identitii.com

==> picture [475 x 344] intentionally omitted <==