JAYRIDE GROUP LIMITED — Investor Presentation 2018

Dec 17, 2018

INVESTOR PRESENTATION Rod Bishop, Managing Director December 2018

==> picture [786 x 420] intentionally omitted <==

WHO IS JAYRIDE?

Travel E-commerce Marketplace for Ground Passenger Transport.

B2C Travel

Travellers use Jayride to compare and book ground transport including shared airport shuttles and private transfers.

B2B Travel

Travel brands use Jayride APIs to add new ancillary revenues by selling airport transfers to their travellers.

• ij AU head-office

• ij US largest market

• ij 3,000+ transport companies

• ij 500+ airports in 31 countries

• ij Launching 5-11 countries/month

Pioneering the online ground transport market, worldwide. Enabling every transport company to be booked online.

==> picture [483 x 303] intentionally omitted <==

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

World’s only map-based
marketplace technology
for passenger transport
companies.
Simple powerful
transport
marketplace for
travellers.
----- End of picture text -----

Powering passenger transport bookings for the world’s leading travel brands.

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

==> picture [120 x 60] intentionally omitted <==

2

EVERY TRAVELLER EVERY AIRPORT WORKS EVERY TIME

==> picture [280 x 128] intentionally omitted <==

==> picture [98 x 58] intentionally omitted <==

JAYRIDE’S ADDRESSABLE MARKET OPPORTUNITY

Ground transport is a natural ancillary to online travel. Jayride’s opportunity is to bring ground transport companies online.

Riding major industry change in travel and transport

==> picture [738 x 242] intentionally omitted <==

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

Online Travel Ground Transport
Booking for Air Travellers

US$650bn US$100bn
ij Low-Cost Carriers (LCC) reduce ij Travellers have more choice in
margins in airfare, and create door-to-door and on-demand
a new drive towards ancillary transport than ever before.
revenues in travel.
ij “Driver apps” and dispatch
ij Travellers increasingly demand technology become commodity
‘seamless’ travel experiences, and create new opportunities
including door-to-door. for transport companies.
----- End of picture text -----

==> picture [98 x 58] intentionally omitted <==

4 * Sources: $100bn TTV, Frost and Sullivan; $650bn TTV, ETOA

SERVING TRAVELLERS AT EVERY AIRPORT

New destinations selected according to demand from travellers and channel partners. Pilots graduate when key criteria are met.

• ij Highly fragmented market with no truly global transport companies,

ij 3,000+ direct contracts held with transport companies globally.

==> picture [98 x 58] intentionally omitted <==

5 * For a complete list of new countries launched, see Appendix

LAUNCH INTO NEW AIRPORTS

Jayride is launching 5-11 new countries per month to access new markets around the world. This strategy will increase Jayride’s Market Access by 4X.

==> picture [842 x 464] intentionally omitted <==

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

Global Market Access is Growing 4X Market Access Available Launches Out-Performing Benchmark
1,800
4.3B 100% 100%
+100% In 6-Months 4X 1,600 +48% Month on Month
3.8B (Jul to Dec) 80% 1,400 (Oct to Nov)
New countries
First five months since
1,200 launch (July 2018 to
November 2018)
3.3B 60% VS
1,000
Comparison benchmark:
US launch
45% 800 First seven months since
launch (April 2015 to
40%
2.8B October 2015)
600
27%
400
20%
2.3B
200
0% 0
1.8B
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec May 2018 Today Future 1st 2nd 3rd 4th 5th 6th 7th
Month (# months since launch)
2018

Total
Today
280k trips addressable 7.7bn trips
/
run-rates
AU$12.6m TTV. market US$100bn TTV.
6 * Sources: 7.7bn trips, Airport Councils International (ACI); $100bn TTV, Frost and Sullivan
Passenger Trips Booked (#)
Total Passenger Trips (#)
Market access (Share of 7.7b passenger trips)
----- End of picture text -----*

Q1 FY19 TRACTION

Latest results: Q1 FY19

$3.14M $815K $12.6M run rate $3.2M run rate Revenue Growth (incl Q1 FY19) Commissions TTV $815K Commissions booked and Fees Booked +10% QoQ, +81% PCP 70K 3,000 280K run rate Passenger trips Transport booked companies +26 +11/mo New countries New countries launched in December

==> picture [98 x 58] intentionally omitted <==

7 * For more latest announcements see Jayride.com/Investors

EXISTING AND NEW DESTINATIONS

Two ways to grow: Launching new destinations, and retaining travellers to repeat purchase. Each amplifies the other.

==> picture [790 x 420] intentionally omitted <==

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

Launch Growth in Existing Transport Launch of New
TTV Booked by Region (AUD $M)
of US Destination Destinations Platform Launch Destinations
$10M
Australia & NZ UK & Ireland
$9M Jul-Nov:
US Other Countries
$8M Jayride launches
44% 15 new countries
$7M across North
America, Europe
$6M
and Asia.
$5M 5% Dec onward:
$4M 42% Further
countries will
$3M launch.
47%
$2M
58% 47%
$1M
81% 33%
$0M 100%
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
ij Australia ij Australia ij Australia ij Australia ij US ij US ij US
ij New Zealand ij New Zealand ij New Zealand ij US ij Australia ij Australia ij Australia
ij UK ij UK ij New Zealand ij New Zealand ij New Zealand ij New Zealand
ij Ireland ij Ireland ij UK ij UK ij UK ij UK
Growth in ij US ij Ireland ij Ireland ij Ireland ij Ireland
international ij North America
destinations ij Europe
ij Asia Pacific
Total Transaction Value (TTV) (AUD)
----- End of picture text -----

==> picture [98 x 58] intentionally omitted <==

8

ASPIRATIONAL ECONOMICS

Global expansion, and traveller retention, with network effects. Jayride targets break-even at 4X TTV, and 20% EBITDA Margin at scale.

==> picture [31 x 32] intentionally omitted <==

Aspirational Metrics

Input Assumptions

Scenario Scenario 1: Global rollout completed Scenario 2: Retaining travellers at scale
The aspirational scenarios are presented for illustrative purposes only Breakeven at 4X TTV 20% EBITDA margin at scale
	Key inputs:
Passenger trips Market Access 7.7bn 7.7bn
	Lastest run rates Q1 FY19 Annualised
Passenger trips booked 1,120,000 10,000,000	Passenger trips booked 70,000 280,000
TTV ($ 50,240,000) ($ 400,000,000) Revenue from commissions and fees booked ($ 13,040,000) ($ 100,000,000) Commission and fees refunded ($ (2,672,000) ($ (20,000,000) Other income ($ 540,000) ($ 1,500,000) Net Revenue ($ 10,908,000) ($ 81,500,000)	TTV ($ 3,140,000) ($ 12,560,000) Revenue from commissions and fees booked ($ 815,000) ($ 3,260,000) Commission and fees refunded ($ (167,000) ($ (668,000) Other income incl R&D tax incentive, EMDG ($ 2,000) ($ 540,000)
	Net Revenue ($ 650,000) ($ 3,132,000)
Cost of customer acquisition ($ (5,804,000) ($ (45,000,000) Gross profit after paid acquisition (GPAPA) ($ 5,104,000) ($ 36,500,000) Operational costs ($ (2,370,000) ($ (5,000,000) Gross profit after all operational costs (GPAAOC) ($ 2,734,000) ($ 31,500,000) Growth and corporate costs ($ (2,734,000) ($ (11,500,000)
	Latest audit period Q4 FY18
	GPAPA margin excl grants and other revenue 35%
	Key outputs:
	Targeting Targeting
EBITDA ($ -) ($ 20,000,000)	break-even at 20% EBITDA
Commissions and fees booked to TTV margin 26.0% 25.0% GPAPA margin excl grants and other revenue 35.0% 35.0% Operating EBITDA Margin 0.0% 20.0%	4X TTV margin at scale
	Note: The above scenarios are based on estimates and projections that l h
Global market share 0.13%	rey upon various assumptions. Tese assumptions may or may not prove to be correct, accordingly no reliance should be made on this information.

==> picture [373 x 202] intentionally omitted <==

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

Key outputs:
Targeting Targeting
break-even at 20% EBITDA
4X TTV margin at scale
Note: The above scenarios are based on estimates and projections that
rely upon various assumptions. These assumptions may or may not prove
to be correct, accordingly no reliance should be made on this information.
----- End of picture text -----

9

KEY DESTINATIONS ARE SELF-FUNDING

In FY18, 219+ Jayride airports had contribution above target levels – with more international expansion airports coming online every month.

Self-Funding Airports provide contribution to company

FY18	Self-Funding	Self-Funding	Developing Airports	Developing Airports
	Airports
FY18 Income statement extract split by Self-Funding	Airports where GPAPA
Airports, and Developing Airports, shows that 40% of	margin has reached
Jayride's Airports are self-funding.	35%+ and which yield
	a contribution to the
	company
Airports that are Self-Funding or Developing		219		330
Share of total Airports on the Jayride platform		40%		60%
Passenger trips booked		99,600		138,500
Median growth rate YoY in trips booked (FY18 v FY17)		115%		76%
TTV	($	4,028,000)	($	5,280,000)
Revenue from commissions and fees booked	($	1,002,000)	($	1,314,000)
Commissions and fees refunded	($	(191,000)	($	(211,000)
Net Revenue excl grants and other revenue	($	811,000)	($	1,103,000)
Cost of customer acquisition	($	(448,000)	($	(965,000)
GPAPA excl grants and other revenue	($	363,000)	($	138,000)
GPAPA margin (%) excluding grants and other revenue		36.5%		10.5%

219+ Airports

with average 35%+ GPAPA

2,700 Airports available for expansion

• ij Jayride targets breakeven at 4X TTV (Total Transaction Value) with 35%+ GPAPA (gross profit after paid acquisition),

• ij In FY18 this average profit level was achieved at 219+ airports (Self-funding Airports),

• ij As airports become profitable, Jayride accelerates marketing.

• ij Jayride at 500+ airports with more launching every month,

• ij In FY18, 40% of Jayride’s airports were Self-Funding,

• ij Self-Funding airports grow at 115% YoY,

• ij Total market of 2,700+ airports available for launch.

==> picture [98 x 58] intentionally omitted <==

10

TRAVELLER RETENTION

As Jayride serves more destinations, more travellers are retained to travel around the world. Higher LTV improves unit economics and profitability at scale.

==> picture [842 x 407] intentionally omitted <==

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

Latest 12-months
62K
Discover
Key Drivers
Travellers
of Retention
ij Most Destinations! 260K
Retain
Book
ij Best Discovery Passenger trips
booked
ij Most Choice
ij Best Experience
4.2
Experience
Trips per
traveller
----- End of picture text -----

==> picture [98 x 58] intentionally omitted <==

11

THE TRAVELLER EXPERIENCE

260,000+

Passenger trips booked in latest 12 months

World-leading source of reviews on transport. Giving the traveller the best selection and best service, to compare and make the right choice.

The most reviews of the most transport companies

• ij Jayride is a trusted third-party source of unbiased reviews of transport companies for travellers to read and compare.

• ij There is no better source of reviews on transport services, with as many reviews from real travellers, as Jayride.

37,000+

Real traveller reviews now available on Jayride[•]

• ij In addition, Jayride’s own website is rated 4.3 / 5.0 from 1,800+ reviews at Feefo.com/reviews/Jayride

3,000+

Transport companies reviewed by travellers

4.4 / 5.0

Average review score in latest month

Feefo benchmarks e.g.: Expedia.com 4.3/5.0; Hotels.com 4.5/5.0

==> picture [98 x 58] intentionally omitted <==

12 * Only travellers who have booked and travelled with a transport company can leave a review on Jayride.

NEW LAUNCH MEDICAL ASSIST

Demonstrating our ability to provide large scale access to ground transport booking services, at non-airport origins and destinations.

Insurance and Medical Assist Passenger Trips Booked

7,500+ during pilot period

Approximate number of Americans who miss or delay medical care in the US because * of transportation issues.

3.6 Million

==> picture [282 x 407] intentionally omitted <==

Fast tracked global opportunity through existing partnerships

• ij Two national insurance providers have completed pilot in AU/NZ

• ij Additional insurance providers currently in negotiation in AU/NZ

• ij International expansion in near-term plans, including to US

• ij Customer-centric

• ij Custom vehicles

• ij Extra service

• ij Centralised booking service

==> picture [98 x 58] intentionally omitted <==

• Source: Wallace and Hughes, Cost Benefit Analysis of Providing Non-emergency Medical Transportation.

13

ONGOING PILOT RIDESHARE BOOKING

Validation of the rideshare aggregation concept. Unique, scalable and bookable rideshare aggregator.

Fundamentally improved rideshare experience for travellers

• ij Local currency

• ij Fixed price

• ij Pre-booked

• ij No membership

• ij No app, no data roaming

• ij Trusted reviews

• ij Comparison

• ij The only Single Global Solution

==> picture [156 x 36] intentionally omitted <==

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

Rideshare Passenger
Trips Booked
----- End of picture text -----

1,500+

at pilot airports since Oct 2018

US Roll-out In Progress

Fundamentally enhances Jayride’s value proposition for travellers

• ij Point-to-point, on-demand

• ij Catering to new customer segments

• ij Significantly improves Jayride network effects

• ij Significantly improves the value proposition for travellers

More in final stages of negotiation

Launched

Launched

==> picture [189 x 96] intentionally omitted <==

==> picture [190 x 96] intentionally omitted <==

==> picture [188 x 94] intentionally omitted <==

==> picture [188 x 94] intentionally omitted <==

ij Rideshare prices sit between bargain shared shuttle and premium private transfer services – gives Jayride a more comprehensive value proposition for the traveller.

==> picture [98 x 58] intentionally omitted <==

14

FUTURE INITIATIVES OPTIMISATION

SEO optimisation Search results (today)

==> picture [362 x 163] intentionally omitted <==

Landing pages (today)

Objective to be a global travel brand, serving travellers around the world within their country, currency, language, and payment methods.

Localising our service

==> picture [363 x 162] intentionally omitted <==

• ij Currency (e.g. RMB, HKD, JPY) ij Payment preference (e.g. Alipay)

• ij Language (e.g. Mandarin) ij Support (e.g. Mandarin)

==> picture [98 x 58] intentionally omitted <==

15

FURTHER EXPANSION M&A OPPORTUNITIES

Potential to accelerate growth with acquisitions of smaller transport brands or transport technology platforms

==> picture [100 x 100] intentionally omitted <==

Acquisitions to accelerate growth in New Travellers

ij Opportunity to acquire adjacent businesses in attractive destinations, ij When integrated, the opportunity is to monetise traffic with booking revenue, ij Potential acquisitions should have low CAC and high revenue potential, ij Acquisitions will accelerate growth towards larger scale and breakeven, ij Acquisitions will be EPS accretive in year one.

==> picture [98 x 58] intentionally omitted <==

16

APPENDIX

==> picture [98 x 58] intentionally omitted <==

17

LATEST NEW COUNTRY LAUNCHES

==> picture [802 x 463] intentionally omitted <==

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

Jayride market
Date Major Milestone Jayride market access in passenger trips (% to target of 7.7 Bn trips) Previous Major access in passenger trips
Months Milestone
(% to target of
7.7 Bn trips)
Dec 18 Launch of Luxembourg 4.2 Billion (54.0%)
Launch of
Launch of Sri Lanka 4.2 Billion (54.0%) Singapore, 3.5 Billion
Nov-18 Indonesia,
(44.8%)
Thailand, Hong
Launch of Poland 4.1 Billion (53.9%) Kong, Vietnam
Launch of Spain,
Launch of Switzerland 4.1 Billion (53.4%) 3.0 Billion
Oct-18 Netherlands,
(38.6%)
Austria, Cyprus
Launch of The Philippines 4.1 Billion (52.8%)
Launch of France,
2.6 Billion
Sep-18 Greece, Hungary,
Launch of United Arab Emirates 4.0 Billion (52.0%) Malta (34.0%)
Launch of Belgium 3.9 Billion (50.5%) Aug-18 Launch of Italy 2.4 Billion
(31.0%)
Launch of Portugal 3.9 Billion (50.1%) 2.2 Billion
Jul-18 Launch of Canada
(28.9%)
Launch of Taiwan 3.8 Billion (49.5%)
Pilots commence
Jun-18
in 19x countries
Launch of Malaysia 3.8 Billion (48.8%)
Launch of
new transport 2.1 Billion
Launch of Germany 3.7 Billion (47.7%) May-18 technology (27.2%)
platform
For more see Jayride.com/Investors
----- End of picture text -----

18 For more see Jayride.com/Investors

FY19 PROGRESS TO OBJECTIVES

New Market Capture

Latest update from YTD FY19 (November 2018):

• ij 26 New Countries launched across North America, Europe, Asia, and the Middle East

• ij Further pilots commenced,

• ij Currently launching 5-11+ countries per month (run rate),

Jayride is growing in new and existing destinations. Key pilots have been brought forward with successful outcomes.

New Market Share

Latest update from YTD FY19 (November 2018):

• ij New transport service pilot underway – Rideshare,

• ij New business vertical launched – Medical Assist,

• ij Success with SEO in core destinations,

• ij Retention is increasing as new destinations are launched.

• ij Expected that this run rate will be maintained.

FY19 growth initiatives:

Launch further new international destinations.

Launch further supporting technologies e.g. currency, language, transportation modes.

Launch further new traveller acquisition channels and trade channels for B2C and B2B.

Enables long-term revenue growth.

Amplify success in new and existing destinations.

Grow profit and market share in existing destinations.

==> picture [98 x 58] intentionally omitted <==

19

FY18 INCOME STATEMENT

Income Statement Summary

TTV Revenue from commissions and fees booked	30-Jun-18 AU$(000's) 30-Jun-17 AU$(000's) Movement % 9,307 4,744 +96% ▲ 2,316 1,107 +109% ▲
Commissions and fees refunded Other income	-402 -184 -118% ▼ 538 241 +123% ▲
Net Revenue	2,451 1,164 +111% ▲
Cost of customer acquisition	-1,413 -845
Gross profit after paid acquisition (GPAPA) Operational costs	1,038 319 +225% ▲ -1,933 -1,096
Gross profit after all operational costs (GPAAOC) Corporate costs (including IPO costs)	-895 -777 -15% ▼ -432 0
Gross profit after operational and corporate costs Growth costs (excluding capitalised development costs) Growth costs paid as shares (including IPO costs)	-1,327 -777 -71% ▼ -2,734 -1,249 -1,162 -181
Operating EBITDA	-5,223 -2,207 -137% ▼
Commissions and fees booked to TTV margin GPAPA margin GPAAOC margin Operating EBITDA margin	25% 23% +7% ▲ 45% 29% +56% ▲ -39% -70% +45% ▲ -226% -199% -13% ▼

+109%

+96%

Commissions & TTV fees booked

+111% +225% Net Revenue GPAPA

==> picture [98 x 58] intentionally omitted <==

20 * For Balance Sheet and Cash Flow see slides 20 & 21

FY18 BALANCE SHEET

Balance Sheet Summary

Growth generates cash

• ij Payment received from travellers in advance of travel.

• ij Jayride holds payment until after travel, then pays transport company.

• ij Growth generates positive working capital for the company.

Cash position

• ij Cash position increased +364%.

• ij $854,000 Research and Development tax incentive receivable.

Non-current assets

• ij $554,000 of additional growth investment recognised as an intangible asset on the balance sheet after amortisation and R&D tax incentive adjustments.

Net asset position

• ij Net asset position increased by +771%

+364%

+771%

Net asset position

Cash position

	30-Jun-18	30-Jun-17	Movement
	AU$(000's)	AU$(000's)	%
Cash and cash equivalents	3,560	767	+364%	▲
R&D Tax Incentive	854	356	+140%	▲
Trade and other receivables	735	280	+163%	▲
Total current assets	5,149	1,403	+267%	▲
Non current assets	2,737	2,183	+25%	▲
Total assets	7,886	3,587	+120%	▲
Trade payables	1,092	759	+44%	▲
Future transport supplier payments	499	359	+39%	▲
Borrowings	-	425	-100%	▼
Other current liabilities	140	88	+59%	▲
Total current liabilities	1,731	1,631	+6%	▲
Non-current liabilities	45	1,253	-96%	▼
Total liabilities	1,776	2,884	-38%	▼
Net asset position	6,110	702	+771%	▲

==> picture [98 x 58] intentionally omitted <==

21

FY18 CASH POSITION

Cash flow summary

	30-Jun-18	30-Jun-17	Movement
	AU$(000's)	AU$(000's)	%
Operating cash flows
Net receipts from customers	1,991	1,083	+84%	▲
Customer acquisition costs	-1,413	-845	+67%	▲
Operating and corporate costs	-2,318	-912	+154%	▲
Total operating cash flows	-1,740	-674	+158%	▲
Investing cash flows
Growth costs (including capitalised development costs)	-4,279	-1,348	+218%	▲
R&D Tax Incentive & EMDG	485	266	+82%	▲
Total investing cash flows	-3,794	-1,082	+251%	▲
Financing cash flows
Net cash from financing	8,350	1,828	+357%	▲
Total financing cash flows	8350	1828	+357%	▲
Cash movement
Cash inflow/outflow	2,816	72	+3811%	▲
FX Movements	-23	3	+867%	▼
Total cash inflow/outflow	2,793	75	+4678%	▲
Cash position	3,560	767	+364%	▲
R&D Tax Incentive Receivable	854	356	+140%	▲
Cash Position + R&D Tax incentive	4,414	1,123	+293%	▲

FY18 deployment of funds into growth

• ij Management strategy to deploy Pre-IPO and IPO funds into growth, ij 14 headcount of technology product and engineering team members, ij Significant new transport and service platforms launched in FY18, ij Operating and investing cash burn decreased every quarter.

FY19 forward outlook

• ij $854k R&D Tax Incentive received in Q1 FY19,

• ij Management strategy to continue to deploy current resources into growth, ij Resources available for growth are up to $4.4m +/- FY19 operating cash flows,

FY20 forward outlook

• ij Expected receipt of additional R&D tax incentive for FY19 and beyond, ij $9m of Options from Pre-IPO available for exercise at $0.55.

	Cash burn <$1m quarter-on-quarter Operating and investing cashflows Q1 FY18 -1,657 Q2 FY18 -1,556 Q3 FY18 -1,409 Q4 FY18 -912	Latest update at end of Q1 FY19 Operating and investing cashflows Q1 FY19 Operating cashfow -974 Cash in bank 2,530 See Appendix 4C

==> picture [98 x 58] intentionally omitted <==

22

FY18 GROWTH IN KEY METRICS

Strong track record of growth across all key metrics. Increasing return on every passenger trip booked.

Commissions and Fees Booked TTV Booked

Passenger Trips Booked

==> picture [663 x 401] intentionally omitted <==

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

FY 2017 FY 2018 FY 2017 FY 2018 FY 2017 FY 2018
$1.4M $5.5M 130K
120K
$5.0M
$1.2M
110K
$4.5M
100K
$1.0M $4.0M
90K
$3.5M
80K
$0.8M
$3.0M 70K
60K
$2.5M
$0.6M
50K
$2.0M
40K
$0.4M
$1.5M
30K
$1.0M
$0.2M YoY Growth YoY Growth 20K YoY Growth
$0.5M
10K
+109% +96% +64%
$0.0M $0.0M 0K
H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2
TTV Booked (AUD) Passenger Trips (#)
Revenue from Commissions and Fees Booked (AUD)
----- End of picture text -----

Continued year-over-year (YoY) growth

==> picture [98 x 58] intentionally omitted <==

23

FY18 TRIPS REVENUE AND PROFIT

Commissions and Fees from passenger trips continue to grow revenue and Gross Profit after Paid Acquisition (GPAPA)

	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)	8 TRIPS VENUE AND PROFIT Commissions and Fees from passen continue to grow revenue and Gros after Paid Acquisition (GPAPA)
	and Proft from Commissions and Fees Booked
0K 100K 200K 300K 400K 500K 600K 700K	FY 2017 Q1 Q2 Q3 Q4 Commission and Fees from Passenger Trips Booked GPAPA from Passenger Trips Booked				FY 2018 Q1 Q2 Q3 Q4
			ps Booked			IPO
		Fees from Passenger Tri senger Trips Booked
	20+Qu
		arters of r	evenuegr	owth
	Increas	ing proft	after paid	acquisitio	n
	Q1
		Q2	Q3	Q4	Q1	Q2	Q3	Q4

24

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

FY18 TOTAL GROUP REVENUE AND PROFIT

New record Net Revenue and Gross Profit after Paid Acquisition (GPAPA) in FY18, with breakout performance in Q4.

Revenue

==> picture [814 x 451] intentionally omitted <==

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

1100K
Measure Names Measure Names Increase
Net Revenue Gross Profit after Paid Acquisition (GPAPA)
700K from R&D tax
Commission and Fees from Passenger Trips Booked GPAPA from Passenger Trips Booked
1000K incentive and
EMDG grant
900K 600K Annual receipt of R&D tax incentive
800K R&D Tax Incentive receipt in Q1 FY19
500K
700K
and Export Market
600K 400K Development Grant
500K
300K
400K Increase from
passenger trips
booked
300K 200K
200K
100K
100K
0K 0K
Net Revenue
Gross Profit after Paid Acquisition (GPAPA)
FY 2017 Q1 FY 2017 Q2 FY 2017 Q3 FY 2017 Q4 FY 2018 Q1 FY 2018 Q2 FY 2018 Q3 FY 2018 Q4 FY 2017 Q1 FY 2017 Q2 FY 2017 Q3 FY 2017 Q4 FY 2018 Q1 FY 2018 Q2 FY 2018 Q3 FY 2018 Q4
----- End of picture text -----

25

WEBSITES FOR TRAVELLERS

B2C model: Jayride sells passenger transport direct to travellers at Jayride.com

Mobile-first responsive web app.

==> picture [126 x 88] intentionally omitted <==

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

Travellers
compare
and book
----- End of picture text -----

==> picture [69 x 10] intentionally omitted <==

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

www.jayride.com
----- End of picture text -----

==> picture [98 x 58] intentionally omitted <==

26

ENABLING TRAVEL BRANDS

B2B model: Jayride sells transfers through the world’s largest travel brands.

==> picture [788 x 408] intentionally omitted <==

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

FY 2017 Newly added in FY 2018
Technology platforms
Online Travel Agencies &
Travel Search Engines
Wholesalers & Brands
Travel Management
Companies
----- End of picture text -----

==> picture [98 x 58] intentionally omitted <==

27

ABOUT JAYRIDE

Jayride.com provides seamless transport experiences for travellers by allowing them to compare and book transport around the world. With Jayride.com, travellers can compare and book with 3,000+ transport companies, servicing destinations including over 500+ airports across North America, Europe, Middle East, Asia and the Pacific.

The Jayride.com platform aggregates airport transfer companies and distributes them to travellers at Jayride.com; and via partnerships with other travel technology platforms, travel agencies and wholesalers. These partners implement Jayride.com APIs to sell airport transfers and add new incremental ancillary revenue to their travel businesses.

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.

==> picture [98 x 58] intentionally omitted <==

28

==> picture [450 x 257] intentionally omitted <==

MORE INFORMATION Please contact corporate@jayride.com