IODM LIMITED — AGM Information 2022

Oct 23, 2022

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AGM Presentation Approved for release by the Board October 2022

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Key highlights
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UK Education: new academic year commences September 22 The business will execute on its plan to have UK Education start to contribute in the first half of FY23, through student tuition and accommodation fees

Other markets

After two years of stagnation the domestic pipeline has grown significantly as Australian businesses emerge from lockdown. Engagement with businesses in the UAE and North America continues which will see commercialisation in the FY 23 year Operating efficiencies Data analysis has led to the offering of a credit card gateway to enable an increase in Convera/WUBS’s share of wallet

Further relationships cemented Additional agreements on internal WUBS divisions and external players executed to enable lateral roll out of the platform in multiple jurisdications Costs contained Operating leverage maintained by managing costs through the signing and implementation of new clients Capital raising –

2.1M in January 22 to fully fund company to commercialisation

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Robust business model

Annuity-style licence fee revenue underpins significant operating leverage potential when linked to transactional based upside

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Results

Results
	FY22	FY21
	$m	$m
Revenue	0.80	0.86
Management R & D/Grants	0.44	0.26
Costs	-3.5	-3.2
D & A	-0.15	-0.09
Employees
Net Loss	-2.4	-2.2

Domestic licence fee revenue only Higher due to greater investment in R&D Costs being managed to enable operating leverage upswing Loss maintained while preparing for global commercialisation

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Commercialisation UK Universities begin their billing cycle in September/October 2022

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Education commercialisation

IODM technology launched globally

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Assignment
Implementation
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Revenue
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Channel Partners use IODM Technology as part of their offering

• Existing clients are offered the tailored IODM platform for their business as a value add

• Channel Partners use the IODM platform as a sales tool to win new clients directly and through tenders

• IODM is instructed to move to implementation of said clients

Implementation process

• Channel partner’s clients are introduced to IODM

• IODM centrally implements the client working with the relevant IT departments

• Beta testing and loading of aged debt to better analyse the client and ready them for collection and payment of ~~new invoices~~

Clients drive the system through the administration login

• IODM platform begins working with the clients existing system populating the aged debt

• Clients invoices are loaded automatically in the normal course of business

• Invoices are then paid which results in a revenue event for IODM

Revenue

• As invoices are paid in a normal working capital cycle, IODM collects a share of channel partners‘ revenue

• Revenue share is a flat 30% of the channel partner‘revenue

• All revenue, in the global expansion short term, will be transaction based

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UK Education metrics

Implemented landscape in the short term

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UK Education
Metrics
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LIVE UK UNIVERSITIES

Universities live and ready for the new academic year

Current total students loaded: Approximately 50,000 students invoices will be loaded

Total Value of Invoices: Total value of the tuition and accommodation fees for these students is expected to be circa GBP830m per annum. Invoices are issued three times a year

Invoice and working cap cycle: Initial invoices are sent to students during last week of October 22 and November 22 depending upon the university’s billing cycle and are payable upfront, quarterly or monthly depending on the instalment plan. Further invoicing is done in January 23, and April 23

Revenue metrics: IODM receives revenue once the invoice is paid, through the Forex Payment Platform which now includes credit card payments. IODM is paid monthly.

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A endix pp

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Board of Directors

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Dr Paul Kasian Non-Executive Chairman

• Significant experience leading strategy, investment and risk roles in domestic and international companies

• Former Chief Investment Officer at HSBC Asset Management and Head of HSBC Global Financial Team

• Founding Director of Accordius and Wallara Asset Management

• Current directorships at Atomo Diagnostics (ASX:AT1)

• Former Chairman and CEO of Genetic Technologies Limited

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David Ireland Non-Executive Director

• 30+ years experience in the ICT industry and in the sale of enterprise solutions to large companies and Government

• 28 years experience at Unisys , holding senior roles including Director of Sales for Asia Pacific Japan

• Former Non-Executive Chairman of BOS Global Limited , an AIM listed IT company

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Anthony Smith Non-Executive Director

• 30+ years experience in finance with expertise in corporate finance, institutional research sales and private wealth advisory

• Former Head of Securities and Country Director of Austock Group and Phillip Capital

• • Current Senior Investment Advisor at Cashel Family Office

• Current directorships at Energy Technologies Limited (ASX:EGY)

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Brian Jamieson Non-Executive Director

• 30+ years experience providing advisory and audit services to a diverse range of public and private companies

• Former Chief Executive of Minter Ellison Melbourne and Chief Executive Officer at KPMG Australia

• Currently a Non-Executive Director of Highfield Resources Limited and Non-Executive Chairman of Energy Technologies Limited (ASX:EGY)

• Former directorships at Sigma Healthcare (ASX:SIG), Mesoblast Limited (ASX:MSB), OZ Minerals (ASX:OZL), Tatts Group Limited (ASX:TTS) and Tigers Realm Coal (ASX:TIG)

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Executive team

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Mark Reilly Chief Executive Officer

Petrina Halsall Chief Operating Officer

Chris Ward Chief Technology Officer

Graham Smith

• UK Head

• Chartered Accountant with 25+ years of experience in the banking and finance industries in an advisory capacity

• Formerly at Coopers & Lybrand (now PwC) in insolvency before establishing his own accounting practice

• • Previously held Director positions at Black Star Petroleum, Harvest Minerals and Ochre Group

• Experience in advising small to medium enterprises (SME) on growth strategies, valuations and corporate restructuring

• Formerly held managerial roles at Evans Partners and BDO Wealth Management

• Associate of the Institute of Chartered Accountants Australia and New Zealand

• 20+ years of experience in managerial roles in software development at RAC WA, Netfira and Quickflix

• • Experience in managing business critical websites and building cloud-based infrastructures for growing businesses

• Holds a Bachelor of Engineering, with honours, from University of Western Australia

• Six years experience at Western Union Business Solutions

• Various roles including Reginal Manager, Channels and Partnerships.

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Disclaimer

Summary Information - This presentation (“Presentation”) is prepared by IODM Limited (ABN 28 102 747 133) (“IODM” or the “Company”) to provide summary information about IODM. IODM is an Australian public company listed on the Australian Securities Exchange (ASX). Statements in this presentation are made only as at the date of this presentation and the information in this presentation remains subject to change without notice. Distribution of this document in certain jurisdictions may be restricted by law and therefore persons should inform themselves about these restrictions.

This is not financial product advice - The information in this presentation is of a general nature and does not purport to be complete. 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. This presentation does not purport to summarise all information that an investor should consider when making an investment decision. IODM recommends that you do not act on any information contained in this Presentation without first consulting your investment adviser to determine whether an investment in the company is appropriate for your investment objectives, financial situation and particular needs. You should make your own assessment of an investment in IODM based on further information which can, in part but not limited to, be found in IODM’s periodic reports and other continuous disclosure announcements released to the Australian Securities Exchange which are available at www.asx.com.au and should not rely solely on this presentation. In all cases, you should conduct you own research and due diligence of IODM and analysis of the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of IODM and its businesses, and the contents of this presentation. You should seek legal, financial, tax and other advice appropriate for your jurisdiction.

Past performance - Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance.

Future performance - This presentation contains certain forward-looking statements with respect to the financial condition, operations, annualised revenue and business of IODM and certain plans and objectives of the management of IODM. Forward-looking statements can be identified by the use of forward-looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “will”, “expects”, “predicts”, “intends”, “plans”, “goals”, “targets”, “aims”, “outlook”, “guidance”, “forecasts”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations of comparable terminology. These forward-looking statements include all matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which because of their nature may cause the actual results or performance of IODM 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 IODM’s present and future business strategies and the political and economic environment in which IODM will operate in the future, which may or may not be reasonable, and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved. Forward-looking statements speak only as at the date of this presentation and to the full extent permitted by law, IODM and its affiliates and related bodies corporate and each of their respective 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 this presentation).

Financial data - All figures in the presentation are A$ millions unless stated otherwise and all market shares are estimates only.

Financial information - All pro forma and forecast financial information provided in this presentation is for illustrative purposes only and does not represent a forecast or expectation by the Issuer as to IODM’s future financial condition and / or performance.

Disclaimer - No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.

Unverified information - This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company .