JAYRIDE GROUP LIMITED — Investor Presentation 2018

Aug 29, 2018

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FY18 PRELIMINARY FINAL REPORT INVESTOR PRESENTATION Rod Bishop, Managing Director August 2018

WHO IS JAYRIDE?

Travel E-commerce Marketplace for Ground Transport.

B2C Travel

Travellers use Jayride websites 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 Scaling internationally

• ij US largest market

• ij 2,000+ transport companies

• ij 500+ airports

Simple and powerful transport World’s only geospatial extranet for passenger transport companies. marketplace for travellers.

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Technology Global Preferred International International Partner Supplier Supplier Supplier

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TABLE OF CONTENTS

Growth Summary 4 Jayride’s Vision and Execution 8 Latest Financial Summary 18 Appendix 20

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GROWTH IN REVENUE

Revenue from commissions and fees booked has shown continuous growth Quarter-over-Quarter for 20+ quarters.

Revenue from Commissions and Fees Booked

FY 2013	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018
Q4	Q1 Q2 Q3 Q4	Q1 Q2 Q3 Q4	Q1 Q2 Q3 Q4	Q1 Q2 Q3 Q4	Q1 Q2 Q3 Q4

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GROWTH IN NEW DESTINATIONS

Jayride is scaling out internationally with a repeatable market capture strategy, to rapidly launch new airports around the world.

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Jayride World Market Access
32%
31%
Objective
Launch of
Italy All airports
30%
Capturing
29% Market size new
markets
Launch of
Canada
28% 7.7bn trips
27%
Growth potential
26%
+266%
25%
Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
Month

Share of Total Passenger Trips
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5 * Source: Airports Council International (ACI), “World Airport Traffic Dataset,” http://www.aci.aero.

GROWTH IN MARKET SHARE

Jayride outperforms the market in each destination as Jayride captures new market share.

Growth in passenger trips

Jayride VS +116%

All Airports * +4.9%

Growth in passenger trips

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Regions Airport Jayride Airport
LAX +185% +4.5%
SFO +119% +5.1%
United States LAS +182% +2.2%
JFK +254% +0.7%
MCO +213% +6.4%
SYD +89% +3.6%
Australia MEL +143% +3.6%
OOL +96% +2.1%
United Kingdom LHR +170% +3.0%
New Zealand AKL +70% +7.3%
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CY 2017 vs CY 2016 for top airports in each region.

Capturing share in every market

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6 * Source: Airports Council International (ACI)

GROWTH IN MARKET OPPORTUNITY

Jayride’s market is growing as more travellers fly, and more transport is booked online in the online travel industry.

Market Growth Forecast for Online Booking of Airport Passenger Trips

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400%

Airport passenger Growth
trips in 2017 in market
350%
size
7.7bn
300%

$100bn
250%
Spent in airport
transport in 2017
200%
Forecast CAGR
+13.5%
150%
100%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Forecasted Market Size
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7 * Sources: Frost and Sullivan, ACI and European Tourism Association (ETOA)

Every traveller will demand a OUR door-to-door experience, and every VISION travel brand will want to offer one.

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OUR [Give travellers access to seamless ] MISSION transport to every destination.

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WEBSITES FOR TRAVELLERS

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10
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Mobile-first
responsive web app.
Travellers
compare
and book
www.jayride.com
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MAKING TRANSPORT ACCESSIBLE AND ONLINE

Online Travel Booking * US$650bn

ij Margin compression

ij Drive for ancillaries

Ground transport is a natural ancillary to travel. Jayride brings ground transport and online travel together.

Ground Transport for Air Travellers US$100bn

• ij New entrants, new modes

ij Natural ancillary to travel

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• Sources: Frost and Sullivan, ETOA

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Jayride is a two-sided marketplace with a world-leading database of transport information.

HOW JAYRIDE WORKS

Transport

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Transport Provides

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ij Prices

ij Coverage

ij Availability

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Transport Receives

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More revenue, opportunities to service new regions and new partners.

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ij Defensibility grows with every new transport company.

ij Revenue grows by leveraging supply against demand.

Travellers

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Travellers Receive

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Thousands of transport companies available through a single source.

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Travellers Provide

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ij Booking

ij Travel

ij Feedback

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TECHNOLOGY FOR TRANSPORT

World’s only geospatial extranet for transport companies enables the fastest, cheapest, and widest aggregation of airport transport information.

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Free
tools for
transport
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API FOR PARTNERS

Add airport transfers for new ancillary revenues.

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Examples
of Jayride
API in use
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ENABLING TRAVEL BRANDS

Travel partners can now book with thousands of transport companies through a single integration.

Technology platforms

Online Travel Agencies & Travel Search Engines

Wholesalers & Brands

Travel Management Companies

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FY17 GROWTH

Growth by launching new regions and by capturing additional market share within existing regions.

GMV Booked by Region (AUD $M)

$10M Australia & NZ UK & Ireland US Other Countries $9M $8M 44% $7M $6M $5M ~~5%~~ $4M 42% $3M 47% $2M 58% 47% $1M 81% 33% $0M 100% FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 ij Australia ij Australia ij Australia ij Australia ij US ij US ij New Zealand ij New Zealand ij New Zealand ij US ij Australia ij Australia ij UK ij UK ij New Zealand ij New Zealand ij New Zealand ij Ireland ij Ireland ij UK ij UK ij UK ij US ij Ireland ij Ireland ij Ireland ij Others ij Others ij Others ij Others

Growth in international regions

Growth in new Countries

July: Jayride launches Canada.

August: Jayride launches Italy

September and onward: Further countries will launch.

FY 2019

ij US

• ij Australia

• ij New Zealand

• ij UK

• ij Ireland

• ij Canada

• ij Italy

• ij Others

• ij New Regions

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FY18 GROWTH

Continued growth across all metrics during the period, expected to continue as partners mature, and new regions come online.

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GMV Booked
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Commissions and Fees Booked

Passenger Trips Booked

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$2.4M $10.0M
240K
$2.2M
$9.0M
220K
$2.0M
$8.0M 200K
$1.8M
180K
$7.0M
$1.6M
160K
$6.0M
$1.4M
140K
$1.2M $5.0M
120K
$1.0M
$4.0M 100K
$0.8M
80K
$3.0M
$0.6M 60K
$2.0M
$0.4M Growth Growth 40K Growth
$1.0M
$0.2M +109% +96% 20K +64%
$0.0M $0.0M 0K
FY 2017 FY 2018 FY 2017 FY 2018 FY 2017 FY 2018
GMV Booked (AUD) Passenger Trips (#)
Revenue from Commissions and Fees Booked (AUD)
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Continued growth across all metrics

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FINANCIALS P&L FY18

Strong revenue growth and improvements to unit economics.

Income Statement Summary

GMV Revenue from commissions and fees booked Commissions and fees refunded Other income	30-Jun-18 AU$(000's) 30-Jun-17 AU$(000's) Movement % 9,307 4,744 +96% ▲ 2,316 1,107 +109% ▲ -402 -184 -118% ▼ 538 241 +123% ▲
Gross proft Advertising and marketing costs	2,451 1,164 +111% ▲ -1,413 -845
Gross proft after paid acquisition (GPAPA) Operational costs	1,038 319 +225% ▲ -1,933 -1,096
Gross proft after all operational costs (GPAAOC) Corporate costs	-895 -777 -15% ▼ -432 0
Gross proft after operational and corporate costs Growth costs (excluding capitalised costs)	-1,327 -777 -71% ▼ -3,896 -1,429
Operating EBITDA	-5,224 -2,207 -137% ▼
Commissions and fees booked to GMV GPAPA GPAAOC Operating EBITDA margin	25% 23% +7% ▲ 45% 29% +56% ▲ -39% -70% +45% ▲ -226% -199% -13% ▼

+109%

+96%

Commissions & GMV fees booked

+111%

+225%

Gross Profit

GPAPA

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FINANCIALS BALANCE FY18

Balance sheet strengthened with Pre-IPO and IPO funding.

Balance Sheet Summary

Cash balance

• ij Cash position increased +364%.

• ij $854,000 Research and Development grant lodged and accounted for in trade and other receivables.

Non current assets

• ij $554,000 of additional growth investment recognised as an intangible asset on the balance sheet after amortisation.

Net asset position

• ij Net asset position increased by +771%

+364%	+771%
Cash position	Net asset position

	30-Jun-18	30-Jun-17	Movement
	AU$(000's)	AU$(000's)	%
Cash and cash equivalents	3,560	767	+364% ▲
Trade and other receivables	1,588	635	+150% ▲
Total current assets	5,149	1,403	+267% ▲
Non current assets	2,737	2,183	+25% ▲
Total assets	7,886	3,586	+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% ▲

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APPENDIX

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MARKET GROWTH

7.7bn passenger trips to and from airports annually, growing at 4.9% per annum. $100bn spent in airport transport annually, with growth of online booking.

Growth in Passengers at Airports (10 -year forecast)

Growth in Online Travel Booking (10- year forecast)

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15 $1,500
Forecast CAGR 13.1 Forecast CAGR
+4.9% +8.2%
10 $1,000
7.7
5 $500
0 $0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Passengers Travelled (billions) (Source: ACI) US$ (billions) (Source: ETOA)
Market Size (US$ Billions)
Market Size (Passengers Travelled, Billions)
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Frost and Sullivan reports that the estimated size of passenger transport to and from airports is US$100bn. Airport Councils International (ACI) reports that passenger transport to and from airports reached 7.7bn passengers in 2016, and forecasts this number to double by 2031 based on a projected growth rate of +4.9% per annum. In parallel, travel booking is moving online with European Tourism Association reporting that online travel booking is growing at a projected growth rate of +8.2% per annum.

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ABOUT JAYRIDE

Jayride.com provides seamless transport experiences for travellers by allowing them to compare and book airport transfers around the world. With Jayride.com, travellers can compare and book with 2,000+ transport companies, servicing destinations from over 500+ airports across North America, Europe 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.

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FOR MORE INFORMATION Please contact Rod Bishop, Managing Director corporate@jayride.com