JAYRIDE GROUP LIMITED — Interim / Quarterly Report 2021

Jul 12, 2021

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GAINING MARKET SHARE IN THE GLOBAL TRAVEL RECOVERY

Q4 and FY21 Revenue Update

Rod Bishop, Managing Director Peter McWilliam, CFO ASX release authorised by Rod Bishop, 1 3 th July 2021 Managing Director, Jayride Group Limited Jayride Group (ASX:JAY) The world–leading global airport transfers marketplace

Jayride Group (ASX:JAY) www.jayride.com

GAINING MARKET SHARE IN THE GLOBAL TRAVEL RECOVERY

Accelerating growth driven by ongoing recovery in Northern Hemisphere travel

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We are delighted to report growth is accelerating as the recovery in Northern Hemisphere travel markets continues to gather pace.

Passenger trips grew 83% in Q4 vs prior quarter; 208% higher than in Q2. June was the strongest month of the year with trips up 30% on May.

Net revenue grew 79% in Q4 vs prior quarter. The ongoing global travel recovery is supporting this robust revenue growth and provides momentum as we enter FY22.

Over 85% of our revenues coming from North America and Europe , we are in a strong position as these markets continue to reopen and recovery builds.

Most importantly, the strategies we put in place during the pandemic, to enhance our leverage to recovery and to increase our market share, are working. We are continuing to outperform the US recovery and in June our US trips are now above 2019 PCP . Our focus on unrivalled service delivery, with technology enhancements to improve traveller experience and operating excellence, are driving lower cost customer acquisition, higher conversion and improved traveller retention.

The $10m equity capital raise conducted in June will provide funds for growth through key valuation inflection points: COVID recovery, Market Leadership and Cash Flow Positive. We have a once in a lifetime opportunity to win global market leadership within 12 months.

With our strengthened balance sheet, increased online penetration and a market expanded to record size, we are positioned to be a significantly larger and more profitable company compared to pre-pandemic.

– Managing Director, Rod Bishop

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TRIPS GROWTH ACCELERATING IN Q4

Growth accelerates in Northern Hemisphere markets with vaccination programs and reopenings

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83% growth Q4 FY21 30% growth June
vs prior quarter vs May
COVID-19
recovery
potential
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• Jayride sources travellers globally, 90%+ in US and EU

• Jayride US Trips in June are above 2019 PCP (102% of 2019 PCP)

• Jayride EU Trips growth accelerating. UK international travel reopened on May 17th. “Freedom day” on July 19th confirmed

• Key growth opportunities in domestic and regional travel recovery around the world

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REVENUE GROWTH ACCELERATING IN Q4

Net Revenue growth rate increases to 79% growth vs prior quarter with further opportunities ahead

Net Revenues

						Net Revenue
		Revenue	Revenue	Net	Net Rev	Growth vs
FY21	Trips	Booked	Refunded	Revenue	/ Trip	Prior Quarter
Q1	15,900	$185,000	$(81,000)	$104,000	$6.55	397%
Q2	15,200	$176,000	$(64,000)	$111,000	$7.31	7%
Q3	25,700	$274,000	$(78,000)	$195,000	$7.62	76%
Q4	46,900	$498,000	$(148,000)	$349,000	$7.45	79%
FY21	103,700	$1,133,000	$(371,000)	$760,000	$7.33

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79% growth Q4 FY21
vs prior quarter
COVID-19
recovery
potential
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• Net Revenue growth rate increases to 79% growth vs prior quarter

• Refund rates remain elevated at 30% of revenue vs 17% historical average

• Further opportunity for revenue growth as refund rates return to historical average and increase revenue / trip

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FY21 TRIPS AND REVENUES

Recovery continues towards pre-pandemic growth trend with significant potential ahead

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83% CAGR 98% CAGR
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• Passenger Trips Booked 104K in FY21, vs 349K in FY20

• Net Revenues $0.8M in FY21, vs $3.2M in FY20

• +260% revenue recovery ahead return to pre-pandemic levels

• Recovery accelerating back to pre-pandemic growth trend

Net Revenue Net Revenue Trips Net Revenue vs PCP vs Prior Half 1H FY21 31,100 $215,000 -91% -75% H2 FY21 72,600 $545,000 -63% 153%

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ABOUT JAYRIDE GROUP

Jayride.com is the world’s leading publicly listed airport transfers marketplace, where travellers compare and book rides around the world. With Jayride.com, travellers can compare and book with 3,700+ ride service companies, servicing 1,600+ airports in 109 countries around the world, including the Americas, Europe, Middle East, Africa, Asia and the Pacific.

The Jayride.com platform aggregates ride service companies and distributes them to travellers at Jayride.com; and via travel brand partners including other technology platforms, travel agencies and wholesalers. These travel brands implement Jayride

Founded in 2012, Jayride.com is headquartered in Sydney, Australia.

For more information, please visit www.jayride.com

Disclaimer

This announcement contains forward–looking statements that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward–looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward–looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward–looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward–looking statements. These forward–looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.

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FOR MORE INFORMATION corporate@jayride.com