JCURVE SOLUTIONS LTD — Investor Presentation 2019

Jun 12, 2019

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JCurve Solutions (JCS) Investor Presentation June 2019

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www.jcurvesolutions.com

ASX: JCS

JCURVE SOLUTIONS IMPORTANT INFORMATION

Disclaimer

The information contained in this Presentation (“Presentation”) has been prepared by JCurve Solutions Limited (“the Company”) and is being delivered for informational purposes only.

The Company has prepared the Presentation Materials based on information available to it at the time of preparation. No attempt has been made to independently verify the information contained in this Presentation. The Presentation does not purport to contain all information that a prospective investor may require. While the information contained herein has been prepared in good faith, neither the Company nor its shareholders, directors, officers, agents, employees, or advisors give, has given or has the authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisors (all such information being referred to as “information”) and liability therefore is expressively disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisors take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss howsoever arising from the use of this Presentation. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice or recommendations by the Company or any of its shareholders, directors, officers, agents, employees or advisors. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgement, analysis and assumption and each recipient should satisfy itself in relation to such matters.

This Presentation may contain “forward looking statements”. Where the Company expresses or implies an extension or belief as to future events or results such expectation or belief is expressed in good faith and believed to have reasonable basis. However, “forward looking statements” are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such “forward looking statements”. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this Presentation or to reflect the occurrence of unanticipated events, except as may be required under applicable laws.

All forward looking statements, forecasts and projections contained in this Presentation are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

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JCURVE SOLUTIONS OUR HISTORY

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JCurve
1997 Stratatel 2008 STE acquires 2013 STE acquires 2016 JCS signs NetSuite 2019 JCS expands
(STE) Phoneware JCurve Solutions Solution Provider into Asia through
Solutions Founded Pty Ltd and Agreement acquisition of
renames Spectrum Group
corporate entity
has evolved
JCurve Solutions
Limited (ASX:JCS)
into a listed
diversified
Telecommunications Expense Management Focus Business Management Solutions Focus
solutions
JCS acquires
2000 Listed on ASX 2009 Separate Private 2014 JCS acquires the 2018 Riyo software
provider (ASX:STE) Company JCurve Full Circle Group Platform
Solutions Pty Ltd
signs International
Reseller Agreement
with NetSuite
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS OUR BOARD

JCurve Solutions

is led by an experienced Board of Directors

Bruce Hatchman

Non-Executive Chairman

Appointed November 2014

/bruce-hatchman

Mr Hatchman is an experienced Board Director having being appointed Chairman of Consolidated Operations Group Limited, Darwin Clean Fuels Limited, dwp International Limited and various other privately held businesses. He is a qualified Chartered Accountant and member of the Australian Institute of Company Directors. Mr Hatchman was a founding partner of Crowe Horwath and its former Chief Executive. That role included overall operational responsibility together with developing and executing a growth strategy that resulted in revenues and profits growing by 500%. Further activity included Merger & Acquisition assignments for firm clients including national iconic brands.

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David Franks

Non-Executive Director & Secretary

Appointed September 2014

/david-franks

Mr Franks joined the company in 2014 as Company Secretary/Non-Executive Director. With over 25 years’ experience in finance and accounting, Mr Franks has been CFO, Company Secretary and/or Director for numerous ASX listed and unlisted companies in a wide range of industries.

Mr Franks is a Chartered Accountant, Fellow of the Financial Services Institute of Australia, Fellow of the Governance Institute of Australia, Justice of the Peace, Registered Tax Agent and holds a Bachelor of Economics (Finance and Accounting) from Macquarie University.

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Mark Jobling

Non-Executive Director

Appointed April 2015

/mark-jobling

Mr Jobling is a substantial shareholder of the Company and holds a Bachelor of Economics and Bachelor of Laws (Hons) from Monash University. Mr Jobling manages investments in a diverse range of industries including power technology and angel investing in Asian start-up companies and is currently based in Hong Kong. He began his career as a commercial lawyer with Mallesons Stephen Jaques in Australia and went on to hold senior executive roles in multi-billion dollar companies, including Managing Director of South East Asia and Taiwan for CLP Holdings Limited, and CEO of OneEnergy Limited, a CLP/Mitsubishi Corporation joint venture in Asia.

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS OUR TEAM

JCurve Solutions is led by experienced Senior Executives

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Stephen Canning Chief Executive Officer Appointed EMT January 2015

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/stephengcanning
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Responsible for the strategic business direction, building a high performing team and overall business growth, both organically and through acquisition.

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Katrina Doring Chief Operating Officer Appointed EMT July 2016 /katrina-doring

Responsible for delivering operational excellence, driving productivity gains and cost-efficiencies as the business continues to scale.

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James Aulsebrook Chief Financial Officer Appointed EMT April 2016

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/james-aulsebrook
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Responsible for the financial performance and stability of the company, financial reporting, treasury, due diligence, HR and legal activities.

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Peter Choo Product Strategy Director Started at JCS October 2015 & appointed EMT October 2017 /peterchoo

Responsible for product strategy and matching roadmaps to meet customer needs, with a focus on customer acquisition and on-boarding.

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Kate Massey Chief Marketing Officer Started at JCS September 2009 & appointed EMT July 2016

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/missmassey
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Responsible for driving year-on-year business growth through both sales and marketing formulating the go-tomarket strategy and successfully integrating new acquisitions.

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Arthur Fernandez General Manager JCS Asia Appointed EMT December 2018 /arthur-fernandez

Responsible for growing JCS throughout Asia as a 5 Star NetSuite Partner with a focus on successful ERP project delivery.

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS OUR PURPOSE

The “Why”

JCS is a specialist solution provider . Our whole business is based around providing an exceptional customer experience by delivering the best possible solution to our clients through market leading software applications and excellence in . service delivery

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Mission

We deliver world-class business management solutions that enable our customers to make lasting, substantial improvements to their business performance.

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Vision

To become the most trusted cloud solutions partner for growing businesses throughout the Asia Pacific region.

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 6

JCURVE SOLUTIONS OUR SOLUTIONS

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The “What”
We deliver cloud ERP Service TEMS
solutions and
services that drive
improvement
in business
performance.
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

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JCURVE SOLUTIONS OUR PRINCIPLES

The ”How” 01 02 03 04 05 Across all our solutions and Simplify Deliver Grow the Leverage scale Live our services, we stick complexity exceptional value of and a lower corporate to 5 principles that to reduce customer customers cost base to values and determine HOW effort, bring experience seamlessly ensure maintain our operational solving paingiving us we are cultural we do anything. efficiency points that higher competitive vitality. and drive others can’t profit per and growing growth. solve. customer. our profitability.

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 8

Enterprise Resource Planning (ERP)

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CLOUD BUSINESS MANAGEMENT SOLUTIONS

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What is ERP?

ERP stands for Enterprise Resource Planning . It is integrated software to manage all aspects of a business.

Every business size solutions for large, mid-sized and small, fast-growing businesses. Industry-specific functionality spanning a broad range of businesses.

Single Unified Cloud ERP Software

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 10

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Our ERP Story

In 2009, our ERP practice was born, selling a small business edition of NetSuite (JCurve ERP).

In 2016, on becoming a full NetSuite Solution Partner we significantly increased the size of the addressable target market. JCS now sells all editions of NetSuite into a wide range of industries.

In 2018 we entered the Asian market, opening an office in Singapore following the acquisition of a local Solution Partner.

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About Oracle NetSuite

• NetSuite is the #1 Cloud Business Software Suite Globally

• 16,000 customers

• NetSuite acquired by Oracle (NYSE: ORCL) for $9.6bn in 2016

• NetSuite transforms how businesses operate so they can achieve their business vision

SOLUTION PROVIDER

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 11

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Our ERP Success

• 1 Oracle NetSuite Solution Partner globally by customer count

• 5-star Solution Partner which guarantees JCS receives the highest level of commissions on NetSuite edition licence sales

• 10-year track record of successful ERP delivery

• Rapid implementation methodology

• First adopters in the region of SuiteSuccess – NetSuite’s strategic product and implementation methodology

• Unrivalled implementation experience

• 600+ ERP customers

• Successfully expanded from SME to also service larger global organisations

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JCS awarded Oracle NetSuite New Business Partner of the Year 2018, delivering more new business to Oracle NetSuite than any other partner in ANZ

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 12

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Our Model

We acquire new customers, delight them with exceptional customer experience and a world class product so that they stay with us, grow with us and buy more services and solutions from us, and refer more customers to us.

www.jcurvesolutions.com/customers

We use the following four key metrics to measure the success of our ERP practice:

ARR Deal Size Acquisition Churn The number of Annual Average Net The percentage customers and Recurring Income per New of Annual licensed users Revenue Business Sale Recurring (annualised Revenue lost licence and each year from support the customer income) renewal base

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 13

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CLOUD BUSINESS MANAGEMENT SOLUTIONS

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$7,000,000
ARR
$6,000,000
The annualised contracted recurring
revenue across the ERP contract base.
$5,000,000
This represents the net licence fees,
plus support.
$4,000,000
What is driving ARR growth? $3,000,000
•
Each year we acquire more
$2,000,000
new customers
•
We sell more to existing customers
$1,000,000
•
We retain our customers better
$-
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2009 2010 2011 2012
2013 2014 2015 2016
2017 2018 HY2019 Acquired on acquistion
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ARR

$6M+ Current annualised contracted recurring revenue

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Average Net Income Per New Business Sale

This is the licence commission received on NetSuite edition customers or licence fee charged for JCurve ERP customers, plus implementation fees, plus support plus any third-party products.

What is driving AIPS growth?

• Increase in customer size with the sales of NetSuite editions

• Increased additional modules and professional services sold

Average Net Income Per New Business Sale (AIPS) $45,000 $40,000 $35,000 $43K $30,000 Current Average AIPS $25,000 $20,000 $15,000 $10,000 $5,000 $- 2015 2016 2017 2018 2019 (*)

• (*) Average unaudited result for the 11 months ending 31 May 2019

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 15

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Customers by NetSuite ERP Solution Edition

Customer Acquisition

Since becoming a NetSuite Solution Provider in 2016, our focus has broadened to include not only small business customers but also the larger mid-market and enterprise customers. Larger customers deliver increased ongoing revenue and are more profitable.

The majority of our NetSuite edition clients have been acquired in the last 2 years.

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700
600
Number of JCurve ERP
edition customers
500
Number of NetSuite
400 edition customers
Total of ERP
300
customers
>600
200
Current # ERP
100 Customers
0
2014 2015 2016 2017 2018 2019 () () As at 31 May 2019
Number of Recurring NetSuite ERP licenses
4,500
4,000
3,500
3,000
4K+
2,500
Current #
2,000
1,500 ERP Users
1,000
500
-
2015 2016 2017 2018 2019 () () As at 31 May 2019
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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Churn

What has been driving the reduction in long term churn?

• Our dedicated support team

• Our local account management team who are committed to ensuring customers get ongoing value from their ERP solution

• The move to larger, more stable customers

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ERP Churn by Contract Value
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16%
14%
12%
10%
8%
6%
4%
2%
0%
2015 2016 2017 2018 2019 ()
() Average unaudited result for the 11 months ending 31 May 2019.
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7.9%
Current ERP
Churn ()
() FY2019 ERP churn
for the 11 months
ending 31 May 2019
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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“Our ability to scale provides the opportunity to continually grow our customer base and our share of our customers’ spend. We now have the people, processes and systems in place to prove that scalability whilst maintaining a strong focus on delivering an exceptional customer experience. By leveraging the world’s #1 cloud ERP platform, we provide a cloud business management solution for businesses of all sizes that will scale seamlessly as a business grows”.

Kate Massey, Chief Marketing Officer

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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ERP revenue and expenditure

ERP sales continue to grow while costs are flattening

• Our Australian based team is at peak planned capacity

• Increased use of lower cost-base highly-skilled certified resources

• Increased operational efficiencies

• Scalable support through use of AI based support bots

$12,000,000 $10,000,000

$8,000,000

• $6,000,000

• $4,000,000

$2,000,000

$- 2016 2017 2018 2019 (F) () 2020 (P) (*)

Revenue (AASB 15) Expenditure

• (*) Forecast for FY2019 as at 31 May 2019 – unaudited results.

(**) Not a forecast. Reflects a future projection based on the execution of strategies outlined on this page. JCS expects that its costs will only marginally increase as future revenue increases. The numbers in the graph are not representative of the company portraying a forecast or estimate.

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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We are focused on opportunities that will accelerate growth and our profitability

JCS Asia

We have established our Asian HQ in Singapore through acquisition.

JCS Philippines

We have created a delivery centre of excellence in Manila that will support our growth in Australia and across Asia.

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Thailand Our Offices
Cambodia
•
Sydney
SAARC • Melbourne
Malaysia
Singapore •
Singapore
Indonesia
• Manila
Our Territories
• Australia
Australia • New Zealand
•
Singapore
•
Malaysia
• Thailand
New Zealand • Indonesia
• Cambodia
• SAARC
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 20

CLOUD BUSINESS MANAGEMENT SOLUTIONS

Why expand into Asia?

• We have over 10 years experience implementing NetSuite, we see an opportunity to bring our expertise to a rapidly growing and currently immature ERP market

• Diversify economic dependency

• Counter the seasonality of our Australian business

• Reduce our cost base

• Accelerate our ERP growth. We believe JCS can do exceptionally well in Asia based on:

• Our credibility as NetSuite’s #1 partner globally

• The size of our team and our number of certified consultants

• The credibility and reassurance that an ASX listed company brings to the Asia marketplace

• Our Sales and Marketing expertise

• The support of our strategic partner Oracle NetSuite

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

CLOUD BUSINESS MANAGEMENT SOLUTIONS

Partner Rollup Acquisition Strategy

We are seeking to actively rollup some of the smaller NetSuite Solution Partners in Asia when there is a compelling investment and business opportunity.

• NetSuite Solution partners in Asia tend to be less mature and available to acquire at realistic valuations

• An existing partner gives JCS the local presence and knowledge of the local business and cultural landscape so we can “hit the ground running”

• JCS’ people, processes, systems and our credibility assists the local Solution Partner to rapidly grow through increased sales and faster delivery

• When JCS acquires another solution partner, that partner immediately becomes part of JCS 5-star NetSuite partner with corresponding higher commission level for both new business and existing business. Therefore, the existing partner’s contracted recurring revenue is immediately uplifted, underwriting part of the cost of acquisition for JCS

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 22

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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JCS Philippines

We have established a presence in Manila

• A talented skills base is available

Manila

• We have established a delivery centre of excellence in Manila to:

• Support our growth in Australia

• Support our expansion into Asia

• Deliver unrivalled customer experience

• Deliver more services work into our existing customer base

Philippines

• Reduce our existing cost base

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 23

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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The Opportunity

With the people, product and resources in place in the geographic locations entered, JCS is well positioned to leverage the Asian growth opportunity

• Increase our customer acquisition count

• Increase the ARR of the ERP practice

• • Increase the overall services revenue of the practice

• Reduce our overall cost base

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ERP Revenue by Geographic region
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$-
2016 2017 2018 2019 (F) () 2020 (P) ()
ANZ Revenue Current South East Asia Operations Additional South East Asia Operations
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(*) Forecast for FY2019 as at 31 May 2019 – unaudited results.

(**) Not a forecast. Reflects a future projection based on the execution of strategies outlined on this slide. The numbers in the graph are not representative of the company portraying a forecast or estimate.

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 24

CLOUD BUSINESS MANAGEMENT SOLUTIONS

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What to expect

• Continued growth in licenced users as our average customer size increases

• Continued growth in Deal Sizes

• Continued growth in ARR

• Relatively static customer numbers in Australia as we focus on larger customer wins and the customer mix shifts away from Small Business

• More customers in new verticals for JCS (e.g. Service and Software businesses)

• Strong contribution from JCS Asia to our H2 result

• Further M&A activity in Asia

• Strengthen our position as NS #1 ERP partner

• Growth in Asia

• Maintain 5-star status

• Lower cost base with expansion of JCS Philippines

• Gross margin growth

• Re-investment of profit and cashflow into opportunities

“In line with JCS’ stated intent to be a diversified technology solutions company we will seek to both acquire technology intellectual property and also to deliver value to our shareholders by realising the inherent value of the businesses that we grow”.

Stephen Canning CEO JCurve Solutions

• Expansion of territory

• Increasing levels of unearned income as we sell to larger customers whose implementation takes longer to complete

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

RIYO Service Management Software

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R I Y O

SERVICE MANAGEMENT SOLUTION YOUR BUSINESS ON DEMAND

What is Riyo?

• Whatever the size of a business, if you need to take a booking, deliver a service at a certain place and time, take payment, then we’ve got it covered

• Retailers and service businesses often lose control of the customer experience in “the last mile” – we’ve fixed that

• Riyo improves visibility and collaboration for all parties involved in delivering and consuming a service

• Riyo delivers the mobile experience demanded by today’s consumers

• Powered by AI, the whole customer interaction is monitored to ensure an outstanding customer experience

Explainer video: https://youtu.be/sZZT_jOXTiw

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improved customer
experience
allocate and upsell
dispatch opportunities
One One
Database Database
complete live customer
visibility feedback
mobile-first real-time
platform tracking
payment
processing
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 27

R I Y O

SERVICE MANAGEMENT SOLUTION YOUR BUSINESS ON DEMAND

Your Business On Demand

The Riyo Story

• A start up acquired by JCS in June 2018

• JCS completed development of platform

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• Integration to NetSuite built

• Established Riyo team to support our go-to-market

• Launched to existing JCS customers March 2019

• First customers on platform May 2019

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 28

R I Y O

SERVICE MANAGEMENT SOLUTION YOUR BUSINESS ON DEMAND

Who is Riyo for?

Service businesses that want to:

• Modernise the delivery experience for customers

• Scale their operations

Product businesses with:

• Installation Services

• Warranty and maintenance needs

Any business that wants to:

• Take a booking to deliver a service at a specified location, at a specified time

• Take a booking from their website or social media pages

• Deliver real-time progress updates on service bookings to customers

• Maintain quality control with access to rating and reviews of service providers

Businesses that could benefit from Riyo

• Specialised Transportation

• Real Estate Management

• Home Medical Services

• Post-purchase assembly and Installation

• Maintenance

• Cleaning Services

• Facilities Management

• Inspection and Assessment

• Insurance

• Storage Services

• Pest Control

• Deliver an outstanding mobile-first experience to support brand loyalty and repeat sales

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 29

R I Y O

SERVICE MANAGEMENT SOLUTION YOUR BUSINESS ON DEMAND

Key Features of Riyo

• Scalable, enterprise grade solution for both B2B and B2C businesses

• Easy integration into existing systems such as accounting and ERP packages including NetSuite

• Customer-centric, complete visibility of service transaction for customer

• Location-enabled real-time tracking

• Automated digital end-to-end experience

• Production tested with enterprise customers

• Disruptive technology that is changing the way organisations service their customers and how consumers procure and engage services

• A differentiator for the “last-mile” of service delivery

• Customisable experience with development layer to make Riyo unique for each business

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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 30

R I Y O

SERVICE MANAGEMENT SOLUTION YOUR BUSINESS ON DEMAND

What to expect

• Small revenue contribution FY19

• Growing customer numbers Q1 FY20

• Full marketing launch in Australia Q1 FY20

• Establishment of channel sales FY20

• Launch in to Asia FY20

• Global opportunity

Customer Acquisition Strategy

• Self Service online sign-up for small businesses

• Channel partnerships

• Leverage existing 600+ ERP customer base

• Targeting larger, high-volume service-based organisations

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 31

Telecommunication Expense Management Solutions (TEM Solutions)

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TELECOMMUNICATION EXPENSE MANAGEMENT SOLUTIONS

Our TEM Solutions simplify telecom expense management

Our TEM Solutions Story

• Proprietary owned portfolio of solutions

• Original product proposition was to prevent “bill shock”

• TEM Solutions Market has declined for a number of years due to telco commoditisation

• Our solutions are still of benefit to larger organisations looking for admin efficiency and cost control

• Our solutions are mature. We are committed to continuing support for our TEM solutions

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One
Database
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 33

TELECOMMUNICATION EXPENSE MANAGEMENT SOLUTIONS

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TEMS Statutory Profit (ex impairment)

What to expect

• Ongoing profitable contribution to JCS

• Continued support for TEM solutions

• Reducing churn as larger more stable customers make up the majority of the remaining customer mix

• More lumpy churn if our larger customers decide to cancel their TEM services

• We will seek opportunities in less mature telco markets in Asia

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

$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$1.1M
$200,000 Current Annualised Statutory
$- Profit
2016 2017 2018 2019 (F) ()
TEMS Revenue
$5,000,000
$4,500,000
$4,000,000
>100
$3,500,000
Customers
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$- () Forecast for FY2019 as at 31 May
2019 – unaudited results.
2016 2017 2018 2019 (F) ()
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS STRONG FOUNDATIONS FOR GROWTH

“JCurve Solutions has been on a transformational journey to build the foundations for delivering improved and sustainable shareholder value. By delivering world-class technology solutions to drive business efficiency and performance to an expanded customer base, that are implemented and supported by a team of passionate and skilled experts we are perfectly placed to capitalise on continued expansion across Asia-Pacific. We’ve built an unrivalled company culture that ensures our team have a customer-first approach and deliver a great chance of success for businesses. We believe that together we are all more successful”. Stephen Canning, Chief Executive Officer

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35

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS KEY STRATEGIC PRIORITIES

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

Grow ERP in Australia Grow JCS in Asia Launch RIYO
• • •
Win new business in mid-market Grow ERP Sales from Singapore Product enhancements from
• office existing customer feedback
Increase upsell to existing
customers • Grow JCS Philippines team • Expand into existing customer
• • base
Reduce churn Establish JCS brand in Asia
•
• Further M&A Focus on larger opportunities
•
Look beyond Australia
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36

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS OUR FOCUS

To be a diversified technology solutions company

What to expect

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

•
Revenue by Product Division Sustained revenue growth
$14,000,000 in ERP in Australia based
around mid-market
$12,000,000
•
Further expansion in ERP in
Asia both organic and
$10,000,000
through acquisition
$8,000,000 • Flattening of cost
base growth
$6,000,000
•
Small revenue contribution
from Riyo in FY19
$4,000,000
•
Ongoing, profitable
$2,000,000 contribution from TEM
Solutions albeit declining
$-
•
Revenue diversification
2016 2017 2018 2019 (F) ()
through product IP based
NetSuite ERP TEMS Other
acquisitions
() Forecast for FY2019 as at 31 May 2019 – unaudited results.
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 37

JCURVE SOLUTIONS DIVERSIFICATION

Growth through acquisition JCS continues to seek acquisitions that:

• Add to our product IP (revenue diversity)

• Grow our ERP business, especially in Asia (geographic diversity)

When looking at potential acquisitions we ask ourselves the following questions:

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

01 02 03 04
Does it align to Is it Does it solve Can we do
our purpose? scaleable? a significant it better than
market need? the rest?
05 06 07 08
Does it leverage Does it fit our risk Will it create Will it fit our
our core
profile? long term corporate
capabilities? shareholder culture?
value?
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 38

JCURVE SOLUTIONS JCS METRICS

Our Company Performance

How do we measure our overall success?

Cash Flow

Significant turnaround in company performance since the second half of FY2016

Revenue

Steadily increasing year on year despite reducing TEM Solutions revenue

EBITDA

We have been profitable since 2016

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

Consolidated Revenue Normalised EBITDA excluding impairment charge
$13,000,000 $1,200,000
$1,000,000
$12,000,000
$800,000
$11,000,000
$600,000
$10,000,000
$400,000
$9,000,000
$200,000
$8,000,000 $0
2016 2017 2018 2019 (F) () 2016 2017 2018 2019 (F) ()
() Forecast for FY2019 as at 31 May 2019 – unaudited results. () Forecast for FY2019 as at 31 May 2019 – unaudited results.
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----- Start of picture text -----

Long term revenue and earnings history
$15
$10
$5
$0
2012 2013 2014 2015 2016 2017 2018
-$5
-$10
Revenue Loss Profit
Millions
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39

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS DELIVERING FINANCIAL STABILITY

Net operating cash flow

“Over the past three years we have significantly improved the financial stability of JCurve Solutions which ensures we are well positioned to capitalise on the market opportunities before us. In a time of transformation we now have more customers, have diversified both geographically and from a product perspective, acquisitions paid from existing cash reserves, whilst remaining debt free and growing both our cash and unearned income balances”.

James Aulsebrook, Chief Financial Officer

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

$1,500,000
$1,000,000
$500,000
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----- Start of picture text -----

$-
2014 2015 2016 2017 2018
-$500,000
-$1,000,000
$3.3M $3.7M
as at 31 May 2018 as at 31 May 2019
----- End of picture text -----

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

-$1,000,000
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JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019

JCURVE SOLUTIONS OVERALL SUMMARY

Capital Structure and Shareholders

Capital Structure and Shareholders	Capital Structure and Shareholders	Capital Structure and Shareholders
Key Statistics (ASX: JCS) As at 31/5/2019 unless otherwise stated Share Price $0.036 Shares on Issue (i) 327,856,900 Market Capitalisation $11.8m Cash $3.7m Debt Nil Enterprise Value $8.1m 52 week high / low share price $0.024 / $0.054 Ordinary Fully Paid Shares as at 31/5/2019 Units % of Units Directors and Executive Interests 65,839,427 20.08% Other Top 20 Holders 172,018,577 52.47% Remaining Holders 89,998,896 27.45% Substantial Shareholders as at 31/5/2019 Units % of Units Gramell Investments Pty Limited 83,124,215 25.35 % Mr. Mark Jobling 51,204,301 15.62 % Mr. Philip Ewart 27,908,360 8.51%
Share Price
Shares on Issue (i)
Market Capitalisation
Cash
Debt	83,124,215	25.35 %
Enterprise Value	51,204,301	15.62 %
52 week high / low share price	27,908,360	8.51%

(i) Excludes 10m performance rights and 8.9m options

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 41

JCURVE SOLUTIONS OUR INVESTOR PROPOSITION

Value and growth

Opportunity on current multiples (FY2019 Forecast and $11.8m market cap):

0.9x revenue, 1.4x on consolidated recurring revenue base, 13x Normalised EBITDA

Strong Financial

Foundations

$0.9m

• EBITDA forecast for FY2019 (*)

$3.7m

cash at bank

• as at 31 May 2019

• Operating cash flow positive for FY2018

• Debt free

• Growing recurring annual ERP commissions

Growth

• Continued organic revenue and profit growth

• Market trend towards cloud adoption

• Industry leading products

• Through acquisitions such as Riyo & Spectrum Partner Group

• Other M&A opportunities continue to be evaluated

• Product diversification

Strong Operational Fundamentals

• Growing revenue

• Strategic relationship with #1 vendor of cloud ERP software

• Expanding list of additional solutions

• We have a proven track record

• Experienced Board

• Experienced, industry award recognised senior management team

• Continued investment in proprietary products

(*) Forecast for FY2019 as at 31 May 2019 – unaudited results.

JCURVE SOLUTIONS INVESTOR PRESENTATION JUNE 2019 42

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Stephen Canning James Aulsebrook Chief Executive Officer Chief Financial Officer stephen.canning@jcurve.com.au james.aulsebrook@jcurve.com.au

www.jcurvesolutions.com

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