IKEGPS GROUP LIMITED — Interim / Quarterly Report 2022

Nov 28, 2021

IKE 1H FY22 Results

Glenn Milnes, CEO glenn.milnes@ikegps.com 29 November 2021

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Important Notice

Information in this Presentation:

is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in ikeGPS Group Limited (IKE);

certain figures presented are from IKE’s 1H FY22 unaudited financial results;

should be read in conjunction with, and is subject to, IKE’s 1H FY22 financial results (unaudited), market releases, and information published on IKE’s website (www.ikegps.com);

includes forward-looking statements about IKE and the environment in which IKE operates, which are subject to uncertainties and contingencies outside of IKE’s control – IKE's actual results or performance may differ materially from these statements;

includes statements relating to past performance, which should not be regarded as a reliable indicator of future performance; and

may contain information from third parties believed to be reliable – however, no representations or warranties are made as to the accuracy or completeness of such information.

All information in this presentation is current at the date of this presentation, unless otherwise stated.

All currency amounts are in NZ dollars unless stated otherwise.

Receipt of this Document and/or attendance at this presentation constitutes acceptance of the terms set out above in this Important Notice.

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Agenda and contents

1H FY22 performance highlights Key performance charts Market overview IKE’s software solutions Direct go-to-market, brand, and CX. Meet the team

Q&A

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IKE delivers three pole-specific software solutions into the North American market

Business Model, upshot

• A Platform Subscription backbone to access any IKE Solution

• Additive Transaction Fees based on usage of the IKE Platform, billed on a per pole basis

• Optional value-added products (such as IKE Analyze and IKE University)

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1H FY22 results.

40% revenue growth on constant currency basis. 135% growth of new contracts won against pcp.

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Sales momentum.

Greater than $21m in new contracts won in calendar 2021, to the end of November.

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Takeaways:

Approximately 135% growth in new contracts won against pcp provides confidence around the potential for strong revenue growth in the FY22 and FY23 periods ahead.

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A continued positive shift in revenue composition. Recurring subscription and transaction revenues have continued to grow.

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Takeaways:

Recurring subscription and transaction revenues have continued to grow in absolute and relative terms (shown by the Green and Blue segments in this chart).

IKE’s revenue mix has shifted materially over the past three years with greater than 80% of revenue expected from transaction & subscription sources in FY22.

This is an important continuing trend in terms of increased revenue quality and predictability to underpin growth as IKE continues to execute on its solution and Pole OS™strategy.

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490% higher transaction volume & 110% higher transaction revenue. Evidencing growth in platform utilization.

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Takeaways:

Transaction revenue is expected to be the major growth engine for IKE.

Approximately 490% growth in transaction volume and 110% growth in transaction revenue reflecting success in transitioning to the ‘subscription plus additive transaction’ business model.

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Growth in number of enterprise subscription customers. Providing the foundation to expand inside these existing accounts.

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Takeaways:

Growth in overall number of enterprise subscription customers and revenue.

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1H FY22 Profit & Loss (unaudited)

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1H FY22 Results Highlights cont.

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Meeting Market Demand Leaning into the Digital Divide

Why in 2020 would a professional copywriter living in a rural US community need to park at a Taco Bell to access broadband?

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• An additional >$60B expected investment into rural broadband development as part of the Biden administrations new Infrastructure bill

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Via IKE's PoleOS Platform

Three software solutions that represent the most accessible and comprehensive utility pole measurement platform and pole CX for telecom, electric utilities, and engineering service providers.

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You’re in good company

308 enterprise subscription customers and counting. Multiple expansion examples, with account value growing from $ tens of thousands to $ millions ....

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Compelling productivity improvements Embedding IKE in long term customer relationships....

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A Board with deep industry experience

Board of Directors

Alex Knowles

Chairman and Director

Alex has investing and operating experience with international companies in the information technology and transportation industries. Based in Los Angeles, He was formerly Chief Operating Officer of the largest international freight forwarder and small parcel consolidator in the U.S.

Eileen Healy / BS Electrical Engineering Independent Director

Serial entrepreneur of two high-tech startups addressing the U.S. communications market including Healy & Co, the provides outsourced engineering to the U.S. utility market. Customers include AT&T Mobility, T-Mobile, Vodafone, Verizon Wireless, Frontier Communications, and FirstNet.

Mark Ratcliffe

Independent Director

Mark joined IKE most recently from Chorus, where he was its CEO leading the deployment of New Zealand’s national fiber network. Prior to Chorus Mark was CIO and COO of Spark (formerly Telecom NZ). His other governance roles include as non-executive director of 2Degrees Mobile and as Chairman of First Gas.

Glenn Milnes (MBA (Dist.), BSc (Hons), BPhed) CEO & Managing Director

Glenn Milnes is the CEO and managing director at ikeGPS, where he is accountable for the company’s overall strategy, performance, and growth. Prior to leading ikeGPS, Glenn previously held senior executive, strategy and corporate development positions in the Communications industry with Cable & Wireless International, and with No. 8 Ventures.

Rick Christie / (MSc (Hons) Chemistry) Independent Director

Rick Christie is the former Chairman of Ebos Group, where he was Chair through much of its growth to become a >$3B business today. He has experience on a number of other major boards, including TVNZ. Rick was previously CEO of investment company Rangatira Ltd and had 20 years’ executive management experience in the international oil & gas industry.

Fred Lax / (MSEE and BSEE)

Independent Director

Fred Lax is an executive leader with extensive global experience in the telecommunications industry and related technologies. Based in California, he is a former director of NASDAQ listed Ikanos Communications Inc. (acquired by Qualcomm Atheros), and former Chief Executive Officer and President of NASDAQ listed Tekelec Inc.

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Direct sales, brand, and delivery model

Meet some of the IKE Team

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IKE is...
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Thanks...

Dedicated to Serving Communications Companies, Electric Utilities, and Engineering Service Providers.

Who are focused on:

• Faster network deployments.

• Improving network and data quality.

• Keeping crews out of harm’s way.

• Meeting the demands of regulators.

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