NUIX LIMITED — Investor Presentation 2021

May 17, 2021

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MARKET RELEASE

18 May 2021

Investor Day Presentation

Please see attached the presentation for today’s Investor Day.

This announcement is authorised by the Board of Nuix.

Investor Contacts

Vanessa Beresford Matt Gregorowski Citadel-MAGNUS Citadel-MAGNUS +61 451 422 892 + 61 422 534 755 vberesford@citadelmagnus.com mgregorowski@citadelmagnus.com

About Nuix

Nuix Limited is a leading provider of investigative analytics and intelligence software, with the vision of “finding truth in a digital world”. Nuix helps customers to process, normalise, index, enrich and analyse data from a multitude of different sources, solving many of their complex data challenges. The Nuix platform supports a range of use cases, including criminal investigations, financial crime, litigation support, employee and insider investigations, legal eDiscovery, data protection and privacy, and data governance and regulatory compliance. Headquartered in Sydney, Australia, Nuix licenses its software to more than 1,000 customers across 78 countries in North America, Asia Pacific and EMEA.

For further information, please visit investors.nuix.com

Nuix Limited ABN 80 117 140 235 Level 27, 1 Market Street, Sydney NSW 2000 – www.nuix.com

Investor Day 18 May 2021

ASX: NXL | nuix.com

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Disclaimer

The material contained in this document is a presentation of general information about Nuix Limited’s activities current as at the date of this presentation 18 May 2021. It is provided in summary and does not purport to be complete.

This information has been prepared by Nuix Limited without taking account of any person's objectives, financial situation or needs and because of that, you should, before acting on any information, consider the appropriateness of the information having regard to your own objectives, financial situation and needs. You should not rely upon it as advice for investment purposes. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate.

To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by Nuix Limited, including any of its related bodies corporate.

This document may contain forward looking statements with respect to the financial condition, results of operations, and business strategy of Nuix Limited. These forward-looking statements are based on estimates, projections, and assumptions made by Nuix Limited about circumstances and events that have not yet taken place. Although Nuix Limited believes the forward-looking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that are in some cases beyond Nuix Limited’s control, and which may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results). Nuix Limited makes no representation or warranty as to the accuracy of any forward-looking statements in this document and undue reliance should not be placed upon such statements.

Forward-looking statements may be identified by words such as “aim”, “anticipate”, “assume”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “should”, “will”, or “would", or the negative of such terms or other similar expressions that are predictions of or otherwise indicate future events or trends.

The forward-looking statements included in this document speak only as of the date of this document. Nuix Limited does not intend to update the forward-looking statements in this document in the future.

Nuix Investor Day |

2

Jeff Bleich

Photo: Sander Weeteling

Nuix overview video

Rod Vawdrey

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Agenda

Chairman’s opening remarks 9.00am Jeff Bleich

CEO’s address 9.10am Rod Vawdrey

Technology and product strategy

9.20am Danny Pidutti, Chief Product Officer Stephen Stewart, Chief Technology Officer

10.00am Q&A and coffee break

Market solutions panel

Jonathan Rees, EVP International Sales 10.30am Bill Adams, EVP eDiscovery Abdes Afras, EVP Investigations Oliver Harvey, EVP Governance Risk Compliance

Revenue model overview 11.00am Stephen Doyle, CFO

11.30am Q&A

CEO closing remarks 11.55am Rod Vawdrey

12.00pm End

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Nuix Investor Day | 6

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Nuix at a glance
•
Leading provider of investigative analytics and intelligence software
•
Software licensed to over 1,000 customers located in 78 countries
•
Global footprint with 424 full time employees across North America, EMEA and Asia Pacific
•
Listed on the ASX on 4 December 2020 (ASX:NXL)
•
Headquartered in Sydney, Australia
EMEA
51
FINDING TRUTH
IN A DIGITAL
WORLD
North
America
424
241
staff worldwide [(1)]
in 11countries
1,000+
Asia
customers
Pacific
across 78 countries
132
Note:
1. FY21 total YTD headcount at December 2020 Nuix Investor Day | 7
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Why Nuix matters

Nuix software is used by many of the world’s leading organisations in some of their most critical work

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Nuix Investor Day |

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Photo: Sigmund
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National border uses Nuix to agency rapidly assess risk of citizen data exposure through subcontractor breach

Nuix Investor Day | 9

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Photo: Carles Rabada
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Global telco eliminates backlogs using Nuix for internal investigations and litigation

Nuix Investor Day | 10

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Photo: Sammy Williams
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Investment bank uses Nuix to detect breaches of ethical walls – in real time

Nuix Investor Day | 11

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Matrix of opportunity

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Software platform Evolving to SaaS Strategic partners

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Nuix Investor Day | 12
Photo: Diego PH
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Technology and product strategy

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Danny Pidutti Stephen Stewart
Chief Product Officer Chief Technology Officer
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Stephen Stewart
Chief Technology Officer
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Nuix Investor Day | 1313

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Market solutions strategy

International sales eDiscovery Jonathan Rees Bill Adams Executive VP Executive VP

Investigations GRC Abdes Afras Oliver Harvey Executive VP Executive VP

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14

Danny Pidutti, Chief Product Officer Stephen Stewart, Chief Technology Officer

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Key industry trends driving demand for Nuix

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Proliferation of unstructured data

Nuix expects to benefit from a continued explosion in humangenerated data , which is increasing digital evidence of wrongdoing while driving global regulation and organisations’ desire to be compliant

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Growth in data volumes

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Focus on governance, risk and compliance

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Consequences of data breaches

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Increasing levels of digitisation and automation

Nuix Investor Day | 16

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EVERY
DAY
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Unstructured data growth

By 2025 the global datasphere will exceed 175 ZB with a 30% compound annual growth rate 1.7MB of data will be created every second for every person on earth by 2025

2.5 EXABYTES of human-generated data are created

49% of the world’s stored data will reside in public cloud environments by 2025

Source: Tom Coughlin, 2018, Forbes https://www.forbes.com/sites/tomcoughlin/2018/11/27/175-zettabytes-by-2025/?sh=9a43e1054597

Nuix Investor Day | 17

It’s not just documents: every 60 seconds …

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WhatsApp users share 41,666,667 messages

Twitter gains 319 new users

Zoom hosts 208,333 participants in meetings

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Facebook users Microsoft Teams share 150,000 connects 52,083 users messages

1,388,889 people make video or voice calls

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80%
of data is unstructured
and hard to understand
Communication patterns
between parties provide
valuable insight and
make prevention
possible
Nuix Investor Day | 18
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Source: https://www.domo.com/learn/data-never-sleeps-8

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On-premises data exodus

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2020 revenue 2020 market share 2019–20 YOY growth $45.3B 31% 28% NA 20% 50% $13.1B 9% 58% $6.1B 7% 54%

Amazon, Microsoft, Google and Alibaba represented more than 65% of the market in 2020 33% growth in total 2020 cloud infrastructure services spending to US$142B

Market is expected to grow 18% in 2021

Source: Gartner (November 2020) Source: https://www.canalys.com/newsroom/global-cloud-market-q4-2020 Source: https://www.geekwire.com/2021/amazon-web-services-posts-record-13-5b-profits-2020-andy-jassys-aws-swan-song/

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The data risk

2020 compliance review – 10 largest fines

1. Wells Fargo agreed to pay $3 billion fine for fraudulent account furore

2. Westpac agreed to record AU$1.3 billion fine for AML failures

3. JP Morgan charged $920 million for market manipulation

4. Citi to pay $400 million OCC fine for risk management failures

5. Western Union refunded $153 million for scam victims

6. Deutsche Bank faced $150 million fine for Jeffery Epstein ties

7. SEB fined $107 million by regulators for Baltic AML failures

8. OCC issued $85 million penalty to USAA Federal Savings Bank

9. Capital One fined $80 million for 2019 data breach

10. Commerzbank fined €37.8 million by FCA for AML failings

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What do all these
incidents have
in common?
A group of humans
broke the rules
and the banks’
compliance
.
systems missed it
Nuix Investor Day | 21
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Source: 2020 review: 10 largest regulatory fines this year - FinTech Futures

Data breaches can happen to anyone

In Q1 2020, 8.4 billion records were exposed

• Facebook: 533 million

• Yahoo: 500 million

• Marriott: 383 million

• Twitter: 330 million

• Microsoft: 250 million

• Experian: 220 million

• MyFitnessPal: 150 million

• Capital One: 100 million

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$8.2 million
average cost of a data breach
50%
of breaches involve insiders
To take preventative action and
protect against internal and
external threats, knowing what
data is where is essential to inform
monitoring, risk mitigation and
protection strategies
Nuix Investor Day | 22
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Source: World’s Biggest Data Breaches & Hacks — Information is Beautiful Source: Risk Based Security; 2020 Q1 Data Breach Report

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… and all the other ways data can spell trouble

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Nuix Investor Day | 23

How does Nuix help?

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Finding truth in the data

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Nuix is at the heart of the data ecosystem

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Outside counsel
Textual analysis + Image enrichment + Anything with an API
Real-time
Service providers/
consultants
Enrich data so you can do more with it
Inside counsel
eDiscovery analysts
2.5
Fast, accurate, scalable search
Corporate investigations
Data analysts/scientists
Export cleansed, enriched, usable information
Software developers
Use it where you want Serious and
organised crime
Interact
10 dimensions of data
View items identified by advanced analytics
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“That’s all great, but what is it you actually do?”

Nuix Investor Day | 27

“We make @&#& searchable!!!”

Stephen Stewart Global Chief Technology Officer, Nuix

Nuix Investor Day | 28

“We make data searchable!!!”

Stephen Stewart Global Chief Technology Officer, Nuix

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Insights across 10 dimensions of data	Insights across 10 dimensions of data	Insights across 10 dimensions of data	Insights across 10 dimensions of data	Insights across 10 dimensions of data	Insights across 10 dimensions of data
Email files and databases • Microsoft Exchange (EDB, EWS, STM) • Microsoft Outlook (MSG, OST, PST) • IBM Lotus Notes/ Domino (NSF) • Microsoft Outlook Express (DBX, MBOX, MBX) • Other email clients (BOX, EML, EMLX, SML) Documents • HTML, plain text, RTF • Adobe Acrobat (PDF) • Microsoft Excel (XLS, XLSX, XLT) • Microsoft PowerPoint (POT, PPS, PPT, PPTX) • Microsoft Word Human-generated content		Forensic image files • Nuix logical images • Access Data (AD1) • EnCase Images (E01, L01) • Linux DD Files • Mobile images (Cellebrite, MSAB XRY, Oxygen) System files • Executables (EXE, DLL) • LNK, prefetch, jump list files • Windows Registry hives inc. decoding File system artifacts • $LogFile, $UserJrml, Object ID • Apple property lists Digital & mobile forensic data		User and endpoint behaviors • DNS queries • File system activity • Keystrokes • Netflow communications • Printer activity • Processes • Registry • Removable media activity • User sessions • Users Location data • Image file geolocation • IP address geolocation • Mobile and GPS device logs User data		Archive systems • Autonomy EAS • EMC Legato EmailXtender, Source One • Veritas Enterprise Vault Cloud repositories • Amazon Web Services S3 • Apple iCloud • Box • Dropbox • Google Drive • Microsoft Office 365 • Microsoft OneDrive Virtual machine images • Apple Parallels • VMware (VDK, VMDK) Enterprise & cloud repositories			Multimedia • Audio files • Video files Log files • CSV/TSV, syslog, setupAPI • Firewall & FTP logs • Logstash output • Web logs (Microsoft IIS, Apache) • Windows event logs (EVT/EVTX) Multimedia Log data
(DOC, DOCX, DOT) • Microsoft Works (WKS, XLR) Images		• Carving from unallocated & file slack space		Third-party intelligence feeds
• BMP, EMF, EMZ, GIF, JP2, JPEG, PBM, PGM, PNG, PPM, RAW, TIFF, WBMP, WMF, WMZ Container files • ARC, BZ2, GZ, ISO, LHA, LZH, RAR, TAR, ZIP		Network captures • PCAP packet parsing & TCP/UDP stream building Network data		• CRITS • Open IOC • Stix/Taxii • Yara Social media feeds • Facebook dumps • Twitter feeds Real-time feeds		Communication patterns • Email • Phone call records • Skype calls and messages • SMS/text messages • WhatsApp messages Communication data			Databases • Microsoft SQL Server (Live, MDF & LDF are text stripped) • Oracle • SQLite Structured data
									Nuix Investor Day	30

Insights across 10 dimensions of data

	Email files and databases • Microsoft Exchange (EDB, EWS, STM) • Microsoft Outlook (MSG, OST, PST) • IBM Lotus Notes/ Domino (NSF) • Microsoft Outlook Express (DBX, MBOX, MBX) • Other email clients (BOX, EML, EMLX, SML) Documents • HTML, plain text, RTF • Adobe Acrobat (PDF) • Microsoft Excel (XLS, XLSX, XLT) • Microsoft PowerPoint (POT, PPS, PPT, PPTX) • Microsoft Word (DOC, DOCX, DOT) • Microsoft Works (WKS, XLR) Images • BMP, EMF, EMZ, GIF, JP2, JPEG, PBM, PGM, PNG, PPM, RAW, TIFF, WBMP, WMF, WMZ Container files • ARC, BZ2, GZ, ISO, LHA, LZH, RAR, TAR, ZIP	Multimedia • Audio files • Video files Forensic image files • Nuix logical images • Access Data (AD1) • EnCase Images (E01, L01) • Linux DD Files • Mobile images (Cellebrite, MSAB XRY, Oxygen) System files • Executables (EXE, DLL) • LNK, prefetch, jump list files • Windows Registry hives inc. decoding File system artifacts • $LogFile, $UserJrml, Object ID • Apple property lists • Carving from unallocated & file slack space Network captures • PCAP packet parsing & TCP/UDP stream building Log files • CSV/TSV, syslog, setupAPI • Firewall & FTP logs • Logstash output • Web logs (Microsoft IIS, Apache) • Windows event logs (EVT/EVTX) User and endpoint behaviors • DNS queries • File system activity • Keystrokes • Netflow communications • Printer activity • Processes • Registry • Removable media activity • User sessions • Users Location data • Image file geolocation • IP address geolocation • Mobile and GPS device logs Communication patterns • Email • Phone call records • Skype calls and messages • SMS/text messages • WhatsApp messages Third-party intelligence feeds • CRITS • Open IOC • Stix/Taxii • Yara Social media feeds • Facebook dumps • Twitter feeds Archive systems • Autonomy EAS • EMC Legato EmailXtender, Source One • Veritas Enterprise Vault Cloud repositories • Amazon Web Services S3 • Apple iCloud • Box • Dropbox • Google Drive • Microsoft Office 365 • Microsoft OneDrive Virtual machine images • Apple Parallels • VMware (VDK, VMDK) Databases • Microsoft SQL Server (Live, MDF & LDF are text stripped) • Oracle • SQLite	Multimedia • Audio files • Video files
			Databases • Microsoft SQL Server (Live, MDF & LDF are text stripped) • Oracle • SQLite

Nuix Investor Day | 31

Red flags are immediately raised.

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The deal: The payday: The players: (10-member team) • Rotterdam Port • 2% of the 50-year projection – $362 million • 4 in the Netherlands • AU$25 per shipping container • Payable over 10 years • 1 in Switzerland • Deal worth $18 billion to X- • Personal payout split by account team • 1 in Germany bank over next 50 years based on deal tenure • 2 in Australia • 1 in Dubai • 1 in the US

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Start with the basics

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Individuals can only do so much harm It takes a network to commit a major crime It takes communications to organise

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Nuix Investor Day | 33

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Use cases change, facts are different …

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Who?
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What? When? Where? Why? How?
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Demo video

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Pulling all the threads …

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Who? When? Why?
What?
Where? How?
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Portfolio roadmap: a detailed look at what’s to come

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The way forward

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Now Next Later
Nuix Investigate [®]
Engine as a Service
Nuix Discover [®] eComms Surveillance
Compliance Scanner
Nuix Enterprise Collection Center
More ways to get the data that matters
• Microsoft 365/Teams connector – 145 million DAU • Slack Connector – 12 million DAU • Druva data connector
• Access encrypted disk images – Passware integration • Support mobile images – Hancom • Google Suites data connector
GMD • Support mobile images – Axiom
• Target Apple data
Open new markets and sales channels
• Federated authentication & user activity auditing • FedRAMP ready – US Government
to satisfy corporate regulatory compliance needs • Korea – Hancom GMD phone forensics
• Mature the developer SDK ecosystem to allow
partners to build value on top of Nuix
Improve the end-to-end workflow across the Nuix portfolio
• •
Tighter platform integration with Promote to Streamline processing with Nuix Automation
Discover • Automatically classify content
• Chat bubble visualisation and timeline review • Understand user sentiment
• •
Multiple lines of inquiry Automatically link people, objects, locations & events
• Review & classify video data via video streaming
Help our customers proactively reduce risk
• Monitor sensitive file activity using Microsoft sensitivity • Rules-triggered collections
labels • Prevent sensitive data loss – write blocking
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Nuix software as a service (SaaS)

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Nuix product strategy extends SaaS and solutions

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US$3 billion US$1 billion US$10.5 billion US$12.8 billion
Evolving the Nuix
platform into a
full SaaS
infrastructure
cuts time to
market for new
eDiscovery and litigation Digital forensics and Governance, risk and Endpoint security and
vertical solutions
support software investigations software compliance enterprise surveillance
and offers Nuix
customers as
much access to
Nuix as they
need, whenever
they need it,
with low TCO
Horizontal technologies – collection, processing, enrichment and orchestration
Engine, cloud licensing, Automation, Connectors, SDK
New vertical Nuix SaaS
solutions infrastructure
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Vertical markets
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Horizontal platform technology

Nuix Investor Day | 40

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Nuix SaaS – Engine as a Service

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Early case/data assessment Nuix Investigate

Load files

Process Nuix Automation

Inputs

Native, text, PDF, TIFF

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• Clarity – focus on your customers, not your infrastructure

• Performance & elasticity – burst up to handle jobs of any size

• Scalability – petabyte-scale infrastructure with access to massive compute

• Zero hardware procurement process

• Zero hardware footprint

• Durability – confidence that data is stored on highly durable and redundant infrastructure

• Zero hardware maintenance and support

Nuix Investor Day | 41

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Nuix Compliance Scanner

Organisations are repeating the sins of the past and falling for the allure of cheap storage

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Data is sprinkled throughout S3 Buckets There is no search functionality in AWS S3 Organisations

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• Compliance Scanner • ‘Risky’ report • • PHI Risky

• • PCI • Legal • IP • Data

• • ‘Risky’ bucket

• • Always-on

• • Periodic rescan

• • eDiscovery

• • Promotion to Nuix SaaS

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• Data

• Emails

• Office docs

• PDFs

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Wholesale movement of all data including ‘risky’ data …

Nuix Investor Day | 42

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eCommunications Surveillance

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Gather Ingest Resolve Filter Review Analyse D iscovery
Automation
Natural language processing
Risk scoring
Nuix SaaS infrastructure
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Q&A (followed by coffee break)

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Market solutions panel Jonathan Rees, EVP International Sales Bill Adams, EVP eDiscovery Abdes Afras , EVP Investigations Oliver Harvey, EVP GRC

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Market solutions panel

Moderator: Jonathan Rees, EVP International Sales Presenters: Bill Adams, EVP eDiscovery Abdes Afras, EVP Investigations Oliver Harvey, EVP Governance, Risk and Compliance

What is the market opportunity for Nuix? What is Nuix’s competitive advantage? What excites you about Nuix’s potential in the next 12 months?

Nuix Investor Day | 46

Stephen Doyle, CFO

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Nuix financial performance | at a glance

Revenue

ACV

A$m A$m ~~+10% +5% +19% +5%~~ 185.0 ~~+26%~~ 177.0 ~~+16% +23% +37%~~ 199.6 175.9 193.5 180.0

168.4 168.0 139.6 145.5 113.6 106.2 FY18 FY19 FY20 FY21 FY21 FY18 FY19 FY20 FY21 FY21 Actual Actual Actual Prospectus Revised Actual Actual Actual Prospectus Revised Forecast Forecast Forecast Forecast

EBITDA

A$m

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+15% +20%
66.6
+91%
+102%
63.6 64.6
55.5
29.1
14.4
FY18 FY19 FY20 FY21 FY21
Actual Actual Actual Prospectus Revised
Forecast Forecast
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Nuix Investor Day | 48

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Transitory phenomena at play | Nuix gives customers choice

Customers’ take-up of consumption contracts and upfront multi-year deals (MYD) impacting financial metrics including ACV

Nuix has proven success in expanding its penetration within different customer domains through international adoption across an enterprise, tailwinds from increasing data consumption, land and expand strategy, enterprise selling and product expansion

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1
‘Module’ contract payoff [1] ‘Consumption’ contract payoff [1]
Old ACV = Old ACV =
$100 $100
New ACV [2] Minimum spend
Time1 Jan 2 Jan 3 Jan 4 Jan 5 Jan Time
• Over time, ACV for consumption contracts expected to overtake that 00 00 00 00 00
of module contracts as Nuix benefits from data volume growth
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Migration to consumption
Customer A ACV
A$m
Advisory customer
migrating to
consumption-based
model for data
processing
Year 1 Year 2 Year 3
Growth in consumption
Customer B
ACV
Advisory customer A$m
on consumption-
based model which
exceeded its
minimum committed
data processing
capacity
Year 1 Year 2 Year 3
Customer C Land and expand
Government agency ACV
under a module- A$m
based model which
expanded its
software usage
across various
divisions and use
cases
Year 1 Year 2 Year 3
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• Despite higher expected revenue, Nuix only counts minimum spend to ACV plus annualised value of data use overages

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2
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Multi-year deals continue to grow

• Customers commit upfront for typically 3 years, enhancing visibility and certainty of cashflows for Nuix

• Upfront MYDs can result in a lower ACV, e.g. a $1m pa customer might be contracted at $2.7m for a 3 year MYD which equates to $0.9m ACV

Early stages of transition characterized by lower ACV, with benefits from customer growth to be derived over time

Nuix Investor Day | 49

1. Hypothetical estimate for ‘Old ACV’ with no upsell.

2. New ACV expected to increase over time in line with the growth in client’s global data processing and/or data under management

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Licence type implications on revenue recognition

Delivery model	Licence type	1 year licence Revenue recognition in month 1	1 year licence Revenue recognition in month 1	3 year MYD licence Revenue recognition in month 1	3 year MYD licence Revenue recognition in month 1
On prem or customer-host cloud	Subscription licence1 or consumption1		1.2 1.2 Statutory ACV		3.6 1.2 Statutory ACV • $1.2m on-premise module licence – 1 year • $3.6m on-premise module licence – 3 years (typically there is an up-front payment discount)
	Perpetual		Statutory ACV 1.2 1.2		N/A • $1.2m perpetual licence
Nuix hosted cloud	Nuix SaaS		Statutory ACV 0.1 1.2		Statutory ACV • $1.2m SaaS consumption licence – 1 year • $3.6m SaaS consumption licence – 3 years (typically there is a lower minimum commit) 0.1 1.2
Other	Maintenance		Statutory ACV 0.1 1.2		Statutory ACV • $1.2m maintenance subscription – 1 year • $3.6m maintenance subscription – 3 years 0.1 1.2
	Professional services2		Statutory ACV 1.2 1.2		N/A • $1.2m professional services

1. Excluding the impact of recognising related support and maintenance over time 2. Assuming completion and acceptance of services delivered

Nuix Investor Day | 50

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Cash receipts closely align to statutory revenue and ACV

~97% of revenue is receipted in cash throughout the year

Cash receipts from customers

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A$m
Revenue
ACV
-3%
-3%
Cash Receipts 183
176 177
171 173
168
-3%
146
140
136
-2%
114
111
106
FY18 FY19 FY20 FY21F
Actual Actual Actual Revised forecast
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• Mid-point of Forecast Guidance and run-rate of historic cash receipts used for FY21F

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Well-positioned for future revenue and earnings growth

Strong and growing pipeline

• Nuix continues to build strong new business and upsell pipeline, with new business at record levels

Strong customer retention and low churn

• Historically, Nuix’s net dollar retention has been greater than 100%, reflecting the increase in value of the comparable cohort of customers

• Nuix has typically experienced low levels of revenue attrition with churn at 3.5% in FY19 and 4.7% in FY20

Shift to pricing tied to consumption, data under management

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• Nuix to increasingly benefit from the organic data growth of its customers, with expected revenues from transition to consumption models not fully factored into FY21F revenues

High gross margins and operating leverage

• Nuix’s ownership of its technology stack enables Nuix to generate high gross margins, with the platform primed for automation supporting future benefits

• High operating leverage with relatively fixed cost base in G&A and R&D

• Continued improvement in labour productivity and cost efficiency, combined with Nuix investing in systems to drive further scalability and margin expansion

R&D to drive future growth

• R&D predominantly focused on new product features, and expanding into new markets

• Very little R&D is spent on software maintenance such as bug fixes

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Q&A

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Rod Vawdrey, CEO

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Growth opportunities

Future growth depends on expanding into new markets and gaining market share by developing applications around the powerful Nuix Engine

INVESTMENT ‘LAND AND TO EXTEND VALUEWIN NEW EXPAND’ THE NUIX OPERATING PARTNER ACCRETIVE CUSTOMERS STRATEGY PLATFORM EFFICIENCY CONSIDERATIONS M&A

Nuix Investor Day | 55

Investor Day 18 May 2021

Thank you for joining us

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