JAYRIDE GROUP LIMITED — Investor Presentation 2018

Feb 28, 2018

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H1 FY18 INVESTOR PRESENTATION By Rod Bishop, Managing Director February 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 International destinations

• 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 7 Latest Financial Summary 18 Appendix 20

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GROWTH IN REVENUE

Growth of revenue from commissions and fees booked +10%-50% Quarter-over-Quarter for 18 straight quarters.

4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) Revenue from Commissions and Fees Booked	4 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 0K 100K 200K 300K 400K 500K Revenue from Commissions and Fees Booked (AUD) 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

Consistent revenue growth

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GROWTH IN MARKET SHARE

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

Growth in passengers travelled

Jayride +116%

VS

All Airports * +4.9%

Growth in passengers travelled

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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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5 * Source: Airports Council International (ACI)

GROWTH IN NEW DESTINATIONS

Jayride market access today is 27% of global airport passengers. Jayride will launch new destinations to scale access towards 100%.

Jayride Global Market Access to Airport Passengers

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100%
100%
All Airports
eg. CDG, AMS, FRA,
PEK, DXB, HND etc.
80%
+266%
Capturing
new
60% markets
40%

27%
500+ Airports;
20% eg. LAX, SFO, LAS, JFK,
MCO, SYD, MEL etc.
0%
Today Future
Market Access (Share of 7.7bn Airport Passengers)
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6 * Source: ACI

GROWTH IN MARKET OPPORTUNITY

Growth in market opportunity as more travellers fly, and more transport is booked online in the online travel industry.

Market Growth Forecast for Online Booking of Airport Passenger Transport

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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

Mobile-first responsive web app.

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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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ij Defensibility grows with every new transport company.

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Transport Receives

Receives ij Revenue grows by More revenue, leveraging supply opportunities against demand. to service new regions and new partners.

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Travellers

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Travellers Receive 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.

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$5M
AU NZ UK & Ireland US Other Countries
$4M 34%
66%
$3M 8% International
7%
$2M FY 2017: 66% of GMV
booked outside of Australia.
46%
47% FY 2018: New international
$1M 12% growth into new regions.
57%
33%
73%
$0M
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017
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 & Ireland ij UK & Ireland ij New Zealand ij New Zealand ij New Zealand
Growth in ij US ij UK & Ireland ij UK & Ireland ij UK & Ireland
international ij Others ij Others ij Others ij Others
regions
ij New Regions
Gross Marketplace Value (GMV) (AUD)
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LATEST H1 FY18 GROWTH

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

Commissions and Fees Booked

GMV Booked

Passengers Travelled

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FY 2017 FY 2018 FY 2017 FY 2018 FY 2017 FY 2018 Continued
$4.0M growth across
900K 90K all metrics
$3.5M
80K
800K
$3.0M
70K
700K
600K $2.5M 60K
500K 50K
$2.0M
400K 40K
$1.5M
300K 30K
$1.0M
200K 20K
Growth Growth Growth
$0.5M
100K 10K
+112% +107% +93%
0K $0.0M 0K
17 H1 H1 H1 H1 H1 H1
GMV Booked (AUD)
Passengers Travelled
Revenue from Commissions and Fees Booked (AUD)
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FINANCIALS P&L H1 FY18

Strong revenue growth and improvements to unit economics.

Income Statement Summary

	H1 FY18	H1 FY17	Movement
	AU$(000's)	AU$(000's)	%
GMV	3,917	1,891	107% ▲
Commissions and fees booked	947	427	122% ▲
Commissions and fees refunded	-168	-70
Gross profit	779	357	118% ▲
Advertising and marketing	-664	-378
Gross profit after paid acquisition (GPAPA)	115	-21	648% ▲
Operations and support	-916	-457
Gross profit after operations and support (GPAPAOS)	-801	-478	-68% ▼
Growth costs exlucing capitalised technology investment	-2,222	-747
Operating EBITDA	-3,023	-1,225	-147% ▼
Commissions and fees booked to GTV	24.2%	22.6%	7% ▲
GPAPA	12.1%	-4.9%	347% ▲
GPAPAOS	-84.7%	-111.9%	24% ▲
Operating EBITDA margin	-319.4%	-286.7%	-11% ▼

+122% +107% Commissions & GMV fees booked

+118%

+648%

Gross Profit

GPAPA

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FINANCIALS BALANCE H1 FY18

Balance sheet strengthened with Pre-IPO and IPO funding.

Balance Sheet Summary

Cash balance

• ij Cash position increased 492% following Pre-IPO funding round.

• ij Subsequent to the end of the period an additional $1.5m received in IPO funding round.

Non current assets

• ij $372,000 of additional growth investment recognised as an intangible asset on the balance sheet before amortisation.

Liabilities

• ij Current and non current borrowings converted to equity in Pre-IPO funding round.

	H1 FY18	H2 FY17	Movement
	AU$(000's)	AU$(000's)	%
Cash and cash equivalents	4,543	767	492% ▲
Trade and other receivables	914	635	44% ▲
Total current assets	5,457	1,403	289% ▲
Non current assets	2,873	2,183	32% ▲
Total Assets	8,331	3,586	132% ▲
Trade payables	740	759	-3% ▼
Future transport supplier payments	316	359	-12% ▼
Borrowings		425	-100% ▼
Other current liabilities	117	88	33% ▲
Total current liabilities	1,173	1,631	-28% ▼
Non current liabilities	35	1,253	-97% ▼
Total Liabilities	1,208	2,884	-58% ▼
Equity	7,122	702	915% ▲

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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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FURTHER READING

Welcome to Jayride blog.jayride.com/insights/welcome-to-jayride

Jayride Debuts on the ASX www.jayride.com/hubfs/resources/asx-announcements/jayride-debuts-on-the-asx.pdf

Jayride Quarterly Review and Appendix 4C www.jayride.com/hubfs/resources/asx-announcements/quarterly-business-review-and-appendix-4c.pdf

Investor Announcements www.jayride.com/investors

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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 the US, UK, Ireland, Australia, and New Zealand.

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