JAYRIDE GROUP LIMITED — Investor Presentation 2019

Aug 28, 2019

FY19 PRELIMINARY FINAL REPORT INVESTOR PRESENTATION

Rod Bishop, Managing Director Peter McWilliam, Chief Financial Officer August 2019

Jayride Group (ASX:JAY)

The world-leading global airport transfers marketplace

www.jayride.com

RECORD RESULTS CONTINUE

Record financial results with high growth from new destination countries launched in FY19. All destinations hit new record GPAPA.

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+71% +108%
Net Revenue from GPAPA from
Passenger Trips Passenger Trips
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Revenue growth

• ŗ Record Revenue

• ŗ Revenue growth stable for 24 straight quarters

• ŗ Growth in Revenue per passenger trip

GPAPA growth

• ŗ Record Gross Profit after Paid Acquisition (GPAPA)

• ŗ $1M of GPAPA in Q4 FY19 alone

• ŗ Growth in GPAPA per passenger trip

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GPAPA is Gross Profit After Paid Acquisition. Revenue and GPAPA from Trips is shown separately to Other Revenue which includes R&D Tax Incentive.

2

A STEP CHANGE IN LEAD INDICATORS

Unparalleled global expansion. Jayride destination countries step change from 5 countries in FY18 to 81 countries served in FY19 (15X growth)

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+1500% +182% +58%
New Destination New Destination Transport
Countries Airports Companies Online
+49% +56% +71%
Passenger Trips Total Transaction Net Revenue from
Booked Value Passenger Trips
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Global growth

• ŗ Step change in global market access

• ŗ Roll-out from 5 countries to 81 countries

• ŗ Jayride now serves 85% of world aviation markets

• ŗ Company focus shifted to leverage of new countries in 2H

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3 TTV is Total Transaction Value. Percentage growth rates are FY19 VS FY18.

UNLOCKED GLOBAL GROWTH

The entire global airport transfers industry now available through one source. The first ever global roll-out of this kind for the airport transfers industry.

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New uniquely
scalable global
opportunity
ŗ Opportunity to scale into the
foundations by leveraging 81+ 1,500+ 3,300+ 85%+
each destination
Countries Airports Transport Companies Market Access
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4

GLOBAL FOOTPRINT TRIPS ACCELERATE

New destinations grow 5X in 2H VS 1H, accelerating Jayride’s growth. Passenger trip revenues are now truly global (65%+ from outside Australia).

Passenger Trips Booked by Destination

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New Transport
Platform Launch
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FY16 FY17 FY18 FY19
Delivering
strong growth ŗ 5 countries ŗ 5 countries ŗ 5 countries ŗ 81 countries
from new ŗ TAM 2.1B pax trips ŗ TAM 2.1B pax trips ŗ TAM 2.1B pax trips ŗ TAM 6.6B pax trips
destinations
5
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NEW AND EXISTING COUNTRIES DELIVER

Fast revenue growth in new destination countries (+443% 2H VS 1H). Strong profit growth across all destinations, to 50%+ GPAPA margin.

Original destination countries vs new destination countries launched during FY19

Original five destination countries

New destination countries

Passenger trips booked	2H FY19 AUD(000's) 1H FY19 AUD(000's) Movement % 140 143 -2% ▼	2H FY19 AUD(000's) 1H FY19 AUD(000's) Movement % 140 143 -2% ▼	2H FY19 AUD(000's) 1H FY19 AUD(000's) Movement % 140 143 -2% ▼	2H FY19 AUD(000's) 1H FY19 AUD(000's) Movement % 56 11 +388% ▲	2H FY19 AUD(000's) 1H FY19 AUD(000's) Movement % 56 11 +388% ▲
Net Revenue from passenger trips booked (excl other Income) Cost of customer acquisition	1,525 1,346 +13% ▲ -748 -1155 +35% ▲			346 64 +443% ▲ -164 -175 +7% ▲
Gross profit after paid acquisition (GPAPA) GPAPA margin	777 191 +306% ▲			183 -111 +264% ▲ 53% -175%
		51% 14%			53% -175%

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+443% New countries Revenue growth 2H VS 1H

+306% Original countries GPAPA growth 2H VS 1H

New countries:

• ŗ Passenger trips growth +388% 2H VS 1H, Net Revenue growth +443% 2H VS 1H

• ŗ Maintain GPAPA high-water mark

Original countries:

• ŗ Optimise to profitability

• ŗ New high-water mark GPAPA margin exceeds expectations (51% VS previous aspirational economics 35%)

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6

SCALING TO PROFIT

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7

TARGET 1M PASSENGER TRIPS BOOKED FY21

Jayride reaffirms its new core objective to organically grow Passenger Trips Booked to at least 1 million per year by 30 June 2021.

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Target 1 million Passenger Trips Booked FY21 1,000,000
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
FY15 FY16 FY17 FY18 FY19 FY20 FY21
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Please refer to the disclaimer on forward looking statements on the final page of this presentation.

8

ASPIRATIONAL ECONOMICS

2H FY19 has outperformed Jayride’s previous aspirational model for GPAPA ratio and growth expenses.

Aspirational Metrics

Input Assumptions

Scenario Scenario 1: Global rollout completed Scenario 2: Retaining travellers at scale	Scenario Scenario 1: Global rollout completed Scenario 2: Retaining travellers at scale
The aspirational scenarios are presented for illustrative purposes only 2.5X today's 100,000 trips per quarter Now targetting 40%+ EBITDA margin at scale		Key Inputs:
		Lastest run rates 2H FY19 Trips Annualised Trips
Passenger trips booked 1,000,000 10,000,000		Passenger trips booked 196,000 392,000
AUD(000's) AUD(000's)		2H FY19 AUD(000's) Annualised AUD(000's)
Net Revenue from passenger trips booked ($ 9,500) ($ 100,000)		Net Revenue from passenger trips booked ($ 1,871) ($ 3,742)
Other income ($ 900) ($ 1,200) Net Revenue ($ 10,400) ($ 101,200) Cost of customer acquisition ($ (4,600) ($ (48,700) Gross profit after paid acquisition (GPAPA) ($ 5,800) ($ 52,500) Operational costs ($ (2,400) ($ (5,000) Gross profit after all operational costs ($ 3,400) ($ 47,500) Growth, corporate costs and share-based compensation ($ (3,400) ($ (7,500)		Net Revenue per passenger trip booked ($ 10) ($ 10)
		GPAPA margin excl grants and other revenue 51%
		GPAPA per passenger trip booked ($ 5)
		Key Outputs:
		Targeting proft Targeting 40%+
EBITDA ($ -) ($ 40,000)		before 1M passenger EBITDA margin at
GPAPA margin excl grants and other revenue 51% 51% EBITDA Margin 0% 40%		trips (2.5X today) 10M+ trips scale
Global market share 0.13%

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.

Key changes to previous aspirational model:

ŗ Net Revenue and GPAPA per trip have increased ($10 and $5) ŗ GPAPA margin exceeds 51% (previously targeting 35%) ŗ Growth expenses reduced to $3.4M

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9

INCREASING REVENUE DECREASING COST

2H FY19: Revenue growth, increased efficiency at creating free cash flow, and improvements to cost-base after global roll-out.

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+71%
2H VS 1H
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Revenue from
passenger trips
booked achieves 6
years of consistent
growth.
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+25%
2H VS 1H
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New global foundation completed. Growth expenditure and capex now strongly reduced.

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+31% 2H VS 1H

Even as revenue increases, cost of customer acquisition decreases, increasing free cashflow.

+38% 2H VS 1H

Revenue growth and cost reductions combine for strong path to profitability.

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10

FY19 CASH FLOW IMPROVEMENTS

Jayride has operated a cash burn to build its global asset. Now strongly reducing cash burn to ($0.9M) in Q4. Current Assets at $3.4M in Q4

Financing Cash Flows FY19

• ŗ $1.7M placement at $0.43 in December 2018

• ŗ $3.0M convertible note facility in March 2019

• ŗ Note terms favourable with Stock Options at $0.553

• ŗ $2.0M of Note drawn down, $1.0M remains to draw at the Company’s election subject to the terms of the note

Expenses relating to international roll-out in Q1&2 were paid in Q2&3

• ŗ Net operating cashflows ($0.9M) in Q4 FY19 is the new baseline

• ŗ Strategy to continue reducing burn through leverage at scale

• ŗ Current asset position stable at $3.4M in Q4 FY19

• ŗ Grants receivable (R&D Tax Incentive) already received during Q1 FY20

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• ŗ $1.0M of note remains to be drawn subject to the terms of the note

• ŗ $9.0M of Stock Options at $0.553 expire 31st March 2020

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11

OUR ENORMOUS OPPORTUNITY

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12

Jayride’s opportunity is to become the traveller’s first trusted global transport brand

OUR PURPOSE

Let the traveller ride like a local

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ADDRESSING OUR HUGE GLOBAL MARKET

7.7B trips at airports each year with no incumbent global marketplace. No transport company can ever service the whole world.

FY19 ŗ Total Addressable Market: Billions of Passenger Trips to/from Airports Globally travellers go to and from airports each year. Every traveller needs transport. 7.7B ŗ Jayride Market Access: In FY19 Jayride Passenger Trips in Jayride Countries FY18-19 Focus unlocked global growth to cover 85% of the world’s passenger trips. 6.6B ŗ Jayride Current Demand: Today Jayride has 10M’s of Passenger Trips Quoted quote requests through its platform validating demand for transport options. 10M’s FY20-21 Focus ŗ Jayride Revenue-Driver: In FY20-21 Jayride will leverage its Passenger Trips market access and demand to grow passenger trips booked Booked and revenues. 351K

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14

OUR GROWTH ENGINE: TRANSPORT COMPANIES

Delivering insight that drives value for every transport company, creating a global value-add ecosystem that can’t be found anywhere else.

1. Travellers Search and Discover

Travellers search for airport transfers in a destination and discover improved coverage and pricing which creates an incentive for travellers to come back.

3. Generate Actionable Insights

Demand insights are discovered with big data analysis using geospatial business intelligence tools.

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TRAVELLERS TRANSPORT
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2. Traveller Quote Data Captured

Airport, address, passenger count, airline, travel date and time, extra requests and add-ons are captured every time a traveller makes a search.

4. Coverage and Price Optimization

Transport companies act on Jayride’s coverage and price recommendations to optimise their services, and meet the traveller’s needs.

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15

A THRIVING PARTNER ECOSYSTEM

Existing Partnerships

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Jayride’s innovative technology and global supply is leveraged by some of the world’s biggest travel brands.

Newly Added Partners in FY 2019

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Example Partner In addition to adding new partners, the value of existing partners grows over time through the adoption of new countries.

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16

THE TRAVELLER EXPERIENCE

350,000+ Passenger trips served in FY19

48,000+ Real traveller reviews now available on Jayride

4.2 / 5.0 Average review score of all transport reviews

World-leading source of reviews for transport. Giving the traveller reviews they can use, and the local knowledge they need before they fly.

• ŗ Jayride is a trusted source of reviews of transport companies for travellers to read and compare.

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• ŗ The largest source of third-party reviews available anywhere

• ŗ Read reviews, compare, and select the transport option that is right for you.

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17

FINANCIALS

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18

INCOME STATEMENT FY19

FY19 1H Jayride invested heavily to deliver its new global foundations. In 2H Jayride leveraged this foundation toward profit.

Income Statement Summary	Income Statement Summary	Income Statement Summary	Income Statement Summary
	2H FY19	1H FY19	Movement		FY19	FY18	Movement
	AUD(000's)	AUD(000's)	%		AU$(000's)	AU$(000's)	%
Passenger trips booked	196	154	+27%	▲	351	236	+49%	▲
Net Revenue from passenger trips booked	1,871	1,410	+33%	▲	3,281	1,914	+71%	▲
Other income	533	9			542	538
Gross profit	2,404	1,419	+69%	▲	3,823	2,451	+56%	▲
Operational costs
Cost of customer acquisition	-911	-1,330	+31%	▲	-2,241	-1,413	-59%	▼
Operational costs	-1,910	-1,267	-51%	▼	-3,177	-1,933	-64%	▼
Growth and corporate costs
Corporate costs	-425	-387	-10%	▼	-812	-432	-88%	▼
Growth costs (excl capitalised development costs)	-1,301	-1,777	+27%	▲	-3,078	-2,734	-13%	▲
Share-based compensation	-1,267	-634	-100%	▼	-1,901	-1,162	-64%	▼
Operating Profit	-3,410	-3,976	+14%	▲	-7,386	-5,223	-41%	▼
GPAPA from passenger trips margin (excl other income)	51%	6%			32%	26%
Gross profit after opex margin (excl other income)	-51%	-84%			-65%	-75%
Operating profit before share-based compensation	-115%	-237%			-167%	-212%
Operating profit margin	-182%	-282%			-225%	-273%

• ŗ Strong revenue growth in 2H from new countries and strong improvements to GPAPA profitability across all countries

• ŗ 71% growth in Net Revenue from Passenger Trips (FY19 VS FY18)

• ŗ 108% growth in GPAPA from Passenger Trips (FY19 VS FY18)

• ŗ Net Revenue growth in new destinations drives this result in the second half, up 443% in 2H VS 1H

• ŗ Net Revenue from Passenger Trips is now global (65% outside Australia)

• ŗ GPAPA margin increases to over 51% in 2H across all countries, strongly exceeds expectations

• ŗ Operating Profit margin before Share-based compensation improves from -237% to -115% in 2H VS 1H

• ŗ Trend continues: Q4 FY19 Operating Profit margin before Share-based compensation was the Company’s best performance in two years

• ŗ Projects scoped for further improvements to revenue and operating costs

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GPAPA is Gross Profit After Paid Aquisition.

19

CASH PERFORMANCE FY19

Jayride has operated a cash burn to build its global asset. Now strongly reducing cash burn to ($0.9M) in Q4. Current Assets at $3.4M in Q4

Cash flow summary

	FY19	FY18	Movement
	AU$(000's)	AU$(000's)	%
Cash from Operating Activities
Net receipts from customers	3,383	1,991	+70%	▲
Customer acquisition costs	-2,237	-1,413
Operating and corporate costs	-5,377	-4,557
Cash from Operating Activities	-4,231	-3,979	-6%	▼
Cash from Investing Activities
Growth costs (including capitalised development costs)	-1,859	-2,043
R&D Tax Incentive & EMDG	485	489
Cash from Investing Activities	-1,374	-1,554	-12%	▲
Cash from Financing Activities
Equity Investment	1,617	10,178
Debt Finance	1,900	(1,829)
Cash from Financing Activities	3,517	8,349
Cash movement
Cash inflow/outflow	-2,088	2,816
FX Movements on cash balances	-26	-23
Net Increase / (Decrease) in Cash	-2,114	2,793
Cash Position at 30 June 2019	1446	3560

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• ŗ ($0.9M) Net operating cashflows in Q4 FY19

• ŗ $3.4M Current asset position in Q4 FY19

• ŗ Raised capital through $1.7M placement in December 2018, and 2.0M convertible note in March 2019

• ŗ $1.0M (R&D Tax Incentive receivable at 30 June 2019, already received during Q1 FY20

• ŗ Opportunity to further improve cash assets through enhanced collection of trade receivables

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20

BALANCE SHEET FY19

Multiple pathways to improve Jayride’s Balance Sheet as the Company reaches the end of its cash burn phase, and scales toward profit phase.

Balance Sheet Summary

	30-Jun-19	30-Jun-2018	Movement
	AU$(000's)	AU$(000's)	AU$(000's)
Cash and cash equivalents	1,446	3,560	(2,114)
R&D Tax Incentive	959	854	105
Trade and other receivables	972	735	237
Total current assets	3,376	5,149	(1,773)
Non current assets	2,943	2,737	206
Total assets	6,319	7,886	(1,567)
Trade and other payables	1,874	1,092	782
Future transport supplier payments	850	499	351
Other current liabilities	214	140	73
Total current liabilities	2,938	1,731	1,207
Non-current liabilities	1,626	45	1,581
Total liabilities	4,564	1,776	2,788
Net asset position	1,755	6,110	(4,355)

• ŗ $18M invested to build world-leading global platform with strong strategic value

• ŗ Immediate opportunity to scale toward profit through growing revenues and decreasing costs

• ŗ Optionality on further capex investment

• ŗ Additional $1M convertible note available January 2020 at the Company’s election subject to the terms of the note

• ŗ Potential $9M Stock Options from Pre-IPO investors exercise price at $0.553 expiring March 2020

• ŗ $3M current asset position including $1.4M cash assets at 30th June 2019

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21

JAYRIDE MARKET CAPITALISATION

Shares and Options as issued

Shares on issue	(#)
Ordinary shares not escrowed	62,144,112
Ordinary shares under escrow	22,184,259 *
Total Shares on Issue	84,328,371
Share Options on Issue	(#)
Options at $0.553 from Pre-IPO expiring 31/03/2020	16,334,738 * / **
Options at $0.553 from Converible Note	3,616,637 ***
Options from ESOP	2,378,198 ****
Total Options on Issue	22,329,573

Market capitalisation and EV	(AUD$)
Market capitalisation (at $0.330 per share)	$27,828,000
Cash at 30 June 2019	$1,445,000
Enterprise Value	$26,383,000

Pro-forma Shares and Options, fully diluted, assuming Options exercise

Shares on issue (#) Ordinary shares 84,328,371 Shares issued on Options exercise 22,329,573 Total Shares on Issue after Options exercise 106,657,944	Market capitalisation and EV (AUD$) Market capitalisation (at $0.553 per share) $58,982,000 Cash at 30 June 2019 $1,445,000 Cash through Options from Pre-IPO $9,033,000 Cash through Options from Convertible Note $2,000,000 Cash through Options from ESOP $1,268,000
	Total Cash $13,746,000
	Enterprise Value $45,236,000

Pro-forma section is illustrative only to show the effect including the Options exercise

• Shares and Options include those issued to Founders and Directors

• ** Options from Pre-IPO expire at 31 March 2020 with an exercise price of $0.553. Founders and Directors Options are under Escrow until 29/01/2020, the remainder are under Escrow until 18/12/2018

• *** Options from Convertible Notes expire 20 March 2022 with an exercise price of $0.553

• **** Options from ESOP expire 30 June 2023, vesting over 4-years, with an exercise price of $0.533

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22

FORWARD OUTLOOK

A strong start to FY20 – July

• ŗ July Net Revenue from Passenger Trips up 75% over PCP

• ŗ July GPAPA from Passenger Trips up 231% over PCP

• ŗ Research and Development tax incentive of $959,000 approved and received

• ŗ Export Market Development Grant of $150,000 approved

• ŗ Very strong increase in partner demand – Multiple new partners are currently developing on the Jayride API to add airport transfers to their applications. The increase in demand is triggered by the completion of global roll-out

Looking ahead to FY20-21

• ŗ Huge opportunity to add more partnerships to increase passenger trips quoted

• ŗ Huge opportunity to convert passenger trips quoted to booked

• ŗ Reaffirm 1M passenger trips booked objective

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23

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THANK YOU

APPENDIX

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25

WHO IS JAYRIDE?

World-leading Travel E-commerce Marketplace for Passenger Transport.

Connecting travellers with ground transport companies, worldwide.

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B2C and B2B
websites to
compare and
book transport
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B2C Travel

Travellers read reviews, compare and book rides around the world, including rideshares, shared airport shuttles and luxury private transfers.

B2B Travel

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

• ŗ 1,500+ airports in 81 countries ŗ 3,300+ transport companies ŗ 48,000+ real traveller reviews

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

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26

THE FUTURE OF TRAVEL IS DOOR-TO-DOOR

Travel and transport are converging to a future of new connected, seamless, traveller experiences on the ground.

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Growing travel market opportunity for
online booking of transport to/from airports
350%
Airport passenger Market Size of
trips per year Online Travel Booking
US$765bn
300% 7.7bn+
250% $100bn+
Spent in airport
transport per year
200%
Market Size of transport
to/from airports
Forecast CAGR
150% US$100bn []
+13.5%
100%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Growing global market
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Travel industry needs a global ground transport solution

• ŗ Demand for transport from travellers seeking seamless, connected experiences

• ŗ Travel Management Companies and Online Travel Agencies seeking solutions

• ŗ Key drivers of transport adoption: Ancillary revenue and traveller experience

Transport industry needs technology to tap global demand

• ŗ A dynamic and fragmented industry needs specialist distribution

• ŗ Increasing fragmentation with new options coming to market every day

• ŗ Transport companies need future focussed technology that can keep up

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Sources: Frost and Sullivan, ACI and European Tourism Association (ETOA).

27

FY19 STEP CHANGE IN MARKET ACCESS

Jayride has unlocked global growth potential with a world-first roll-out to cover 85%+ of the worlds aviation trips

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Jayride World Market Access (Trips) Jayride World Market Access (Countries)
7.3 Billion 90
6.8 Billion 80
+314% +1500%
6.3 Billion
70
New Market Access to New Destination
5.8 Billion
Passenger Trips 60 Countries
5.3 Billion
50
4.8 Billion
4.3 Billion 40
3.8 Billion
30
3.3 Billion
20
2.8 Billion
10
2.3 Billion
1.8 Billion -
Q3 Q4 Q1 Q2 Q3 Q4 Q3 Q4 Q1 Q2 Q3 Q4
FY18 FY18 FY19 FY19 FY19 FY19 FY18 FY18 FY19 FY19 FY19 FY19
Quarter Quarter
Total Countries with Jayride Airports
Total Passenger Trips at Jayride Airports
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Percentage growth rates are FY19 VS FY18.

28

10M’S TRIPS QUOTED BIG DATA INSIGHTS

Massive traveller demand follows the global roll-out. Trips quoted number 10M’s with opportunities to optimise.

• ŗ A massive step-up in demand through the Jayride platform creates a unique global big data set of high-intent traveller demand

New insights platform launched in 2H enables optimization down to street address level

• ŗ Immediate opportunity to add more partners to the funnel and to convert more quote requests to bookings

• ŗ Insights from these quote requests empower transport companies to optimise their rates and coverage

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29

TRIPS BOOKED ACCELERATE

Jayride’s next step is to drive revenues with conversion of passenger quotes to Passenger Trips Booked.

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• ŗ 10M’s of quotes creates a huge opportunity to scale Passenger Trips Booked

• ŗ Passenger Trips Booked in new countries is Jayride’s fastest growth segment

• ŗ 70% quarter-onquarter growth in new destinations (to 35K passenger trips booked)

• ŗ Every cohort of new countries is growing continuously since launch

• ŗ Major new countries, China and Japan, launched in Q4 and don’t contribute to FY19 revenues

• ŗ Jayride’s FY20-FY21 strategy is to leverage our new countries to maximise revenues

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30

TRAVELLER RETENTION

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

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FY 2019
Travellers
Discover
Key Drivers of
70K
Retention
ŗ Most Destinations! Passenger
Retain
Book Trips Booked
ŗ Best Discovery 351K
ŗ Most Choice
ŗ Best Experience
Trips per
Experience Traveller
5.0
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31

API FOR PARTNERS

Partners use Jayride to sell airport transfers for new ancillary revenues.

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Examples
of Jayride
API in use
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32

NEW LAUNCH RIDESHARE BOOKING

Re-imagined rides for travellers. Jayride travellers can compare and book the best local ride-hail and rideshare services at fixed prices.

ŗ Compare different ride-hails ŗ Quoted in traveller currency ŗ Pre-book at fixed prices ŗ No app download required ŗ No data roaming required ŗ Real trusted reviews

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US Europe & Middle East
Europe and Latam Middle East & Africa
Europe Europe
and more...
Asia Globally
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ŗ Ride-hailing for travellers compare and pre-book in advance

ŗ Lyft is a top-seller on Jayride, and distributed to Expedia

ŗ Now serving ride-hail and rideshare globally

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NEW LAUNCH TRAVELLER SEO

• ŗ Major Search Engine Optimization (SEO) platform launched in December 2018

Travellers now discover Jayride on Google organic search results. Cheapest cost of traveller acquisition (CAC) currently in country-by-country global roll-out.

• ŗ Travellers can now find transfers on Google including Google Knowledge Graph

• ŗ SEO is now Jayride’s top traveller acquisition channel.

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NEW LAUNCH MEDICAL ASSIST

Travellers with unique needs struggle with ground transport services. Jayride delivers large-scale solutions for medical traveller needs, including non-airport origins and destinations.

Insurance and Medical Assist Passenger Trips Booked

15K+

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

3.6M+

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Fast tracked global opportunity through existing partnerships

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

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

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

• ŗ Customer-centric

• ŗ Custom vehicles

• ŗ Extra service

• ŗ Centralised booking service

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

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ABOUT JAYRIDE GROUP

Jayride.com is a world leading global airport transfers marketplace, which creates seamless experiences for travellers by allowing them to compare and book airport transfers around the world. With Jayride.com, travellers can compare and book with 3,300+ transport companies, servicing 1,500+ airports around the world, including the Americas, Europe, Middle East, Africa, Asia and the Pacific.

The Jayride.com platform aggregates ground transport 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 ground transport 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.

Image Credits

Close-up image of female hands holding smartphone sitting in the airplane stock photo - Photo by undrey on Istockphoto.com. | Traveller at the airport stock photo - Photo by Chalabala on Istockphoto.com. | Woman standing on middle of road - Photo by Guilherme Stecanella on Unsplash.com. | Close up man holding big smart phone stock photo - Photo by Pakorn_Khantiyaporn on Istockphoto.com. | People with disabilities travelling. Girl in wheelchair and disabled are standing in airport hall. Stock photo - Photo by vadimguzhva on Istockphoto.com.

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FOR MORE INFORMATION corporate@jayride.com