ONE CLICK GROUP LIMITED — Investor Presentation 2017

Jun 13, 2017

==> picture [757 x 297] intentionally omitted <==

==> picture [757 x 149] intentionally omitted <==

UUV Aquabotix Ltd | Sydney, Australia and Fall River, Massachusetts, USA ASX:UUV (shares) and ASX:UUVO (options)

Investor Presentation | 14 June 2017

BUSINESS OVERVIEW

• UUV Aquabotix Ltd (“Aquabotix” or “the Company) is a six -year old unique and established underwater robotics company.

• Aquabotix listed on the ASX on 28 April 2017 , and is now the only standalone publicly-traded company in the underwater robotics / underwater drone space in the world. The IPO closed early with the maximum of A$7m raised (oversubscribed).

• U.S. manufacturer of commercial-grade Unmanned Underwater Vehicles (“UUVs” or “underwater drones”) and underwater cameras for commercial and military applications .

• Revenues of approximately US$820,000 / A$1,125,000 for the year ended 31 December 2016, up 80% on prior year .

• Approximately 350 vehicles shipped since drone sales commenced in November 2011.

• Four product lines with 10 product models currently being sold. Current unit pricing range = US$1,500 (for AquaLens Connect) up to US$150,000 (for a Hybrid with a high-degree of options added).

• The underwater drone industry is where the aerial drone industry was in the mid 2000s , with no dominant players, but Aquabotix is the low-cost commercial grade leader in underwater drones.

==> picture [235 x 183] intentionally omitted <==

==> picture [235 x 170] intentionally omitted <==

• An addressable market of US$4.0 billion estimated by 2020.

BUSINESS OVERVIEW (CONT’D)

• Highly differentiated from the limited competition , producing a simple to use and inexpensive underwater drone solution, remotely operated and controlled camera systems and one of only a few ARV (hybrid) products.

• Backed by the U.S. institutional investor behind DroneShield (ASX:DRO) and by high profile marine technology industry insiders.

• Founder is Durval Tavares, ex-Naval Undersea Warfare Center , Fidelity Investments (senior executive Product Delivery) and MIKEL Undersea Warfare Systems.

• Board of Directors includes Ret. Admiral Jay Cohen, a former Chief Technology Officer of the US Navy and Peter James, long-term iiNet Director, and current Chairman of nearmap, Macquarie Telecom, Dreamscape Networks and DroneShield.

• Proprietary hardware backed by unique proprietary IP / software . Patent granted and further patents pending.

• Products are being sold currently – not just a concept.

• Substantial M&A in the sector, including:

• General Dynamics acquired Bluefin Robotics , a manufacturer of large-bodied unmanned vehicles, in February 2016.

• Boeing acquired Liquid Robotics , maker of a wave and solar-powered autonomous robot, in December 2016, reportedly for a consideration in the hundreds of millions of dollars.

• L3 Technologies acquired OceanServer Technology , a Massachusetts-based manufacturer of autonomous unmanned undersea vehicles (UUVs), in April 2017.

• L3 Technologies acquired Open Water Power , a Massachusetts-based company that develops highdensity aluminium batteries for unmanned undersea vehicles, in May 2017.

RECENT DEVELOPMENTS

Since the IPO Aquabotix has been executing its Business Plan, with progress made in the following areas:

1. Sales

• Multiple sales, at a higher order value run-rate, including a sale of a highly customized A$125k unit to the US Navy , won in a competitive tender process. This is a repeat sale to the US Navy, providing further proof of the product capability and client satisfaction.

• Company’s products now being available to U.S. Government buyers seamlessly, through the GSA Schedule.

2. Product

• Launched Live Remote Viewing technology, applicable to all Aquabotix products.

• Announced the commencement of the development of a consumer underwater drone .

• Endura Generation 3 now available with all brushless motors for increased responsiveness and power.

3. Team - made a number of key hires, including:

• Derek Daly, Chief Operating Officer; an unmanned systems, robotics and automation specialist with over 30 years’ experience in the defence and commercial sectors. Previously at Comark, QinetiQ and Northrop Grumman.

• Jeff LaClaire, Vice President Global Sales; over 20 years sales and business development experience specializing in drones and sports. Previously at Drone Sports Association/ESPN Alliance, CBS Corp. and Atlanta Falcons.

WHY UNDERWATER DRONES?

• There are three types of UUVs or underwater drones:

1. Remote Operated Vehicles (ROVs) (require an operator);

2. Autonomous Underwater Vehicles (AUVs) (no operator required); and

3. Hybrid Autonomous/Remote Vehicles (ARVs or Hybrids) (can be run by operator or .

autonomously)

• The global unmanned underwater vehicle (UUV) market is expected to reach US$4.0 billion by 2020 according to Markets and Markets. This growth can be partly attributed to growing deep-water offshore oil and gas production, rising demand for maritime security and an increased need for ocean data and mapping.

• The ROV market is expected to have a compound annual growth rate of 20.11% . The AUV market is expected to have a compound annual growth rate of 31.95%.

==> picture [452 x 422] intentionally omitted <==

INDUSTRY VERTICALS

	Vertical	Market Dynamics	Prior Aquabotix Sales	Customers Include
	Defence	• US DoD to invest as much as much as US$4.4bn in UUVs to support unmanned mine countermeasure vehicles		US Navy & Canadian Navy
	Law Enforcement & Public Safety	• Use of underwater vehicles for search and rescue • Inspections for contraband		US Customs & Border Patrol, US Coast Guard & New Rochelle Police Dept.
	Marina & Boat Underwater Inspection	• Inspections by UUVs save cost by reducing dry-docking • Minimizes risk to human divers		Hyannis Marina (Massachusetts) and Vortex Marina (Italy).
	Marine Inspection & Construction	• Underwater vehicles used for pre-work inspections and real-time support for workers		California Department of Transportation (CALTRANS
	Potable Water Management	• Safety gains and efficiency gains • No need to drain tanks and reservoirs		Pittsburgh Tank & Tower Group
	Power Plant Management	• UUVs equipped with sonar and light detection and ranging (LIDAR) can be used to help discover anomalies		ConEdison
	Fish Farming and Aquaculture	• Farmed fish have surpassed caught fish supplies • New mega farms underway in Chile, Norway & Australia • Can reduce number of divers required by 66%		Various
	Research and Marine Biology	• UUVs can be equipped with a wide array of scientific sensors, enabling them to monitor aquatic conditions		Virginia Institute of Marine Science
	Consumer / Retail	• Lagging aerial drones by 5-7 years • Yet to be properly opened up		Various
	Port Security	• Thousands of ports and sea harbors globally • Security and scanning in high-demand		US Customs and Border Patrol and US Coast Guard
	Pipeline Inspection	• Significant cost reductions sought by infrastructure owners and operators		BP, Con Edison, Corrosión y Protección (Mexico) and Duke Energy
	Undersea Mining	• The next frontier for resource exploitation • Autonomous surveys the first wave in this space	-	NA

COMPANY BACKGROUND

==> picture [757 x 497] intentionally omitted <==

PRODUCTS

==> picture [792 x 175] intentionally omitted <==

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

AquaLens
Endura Hybrid HydroView
Connect
----- End of picture text -----

• Endura: Engineered for a wide range of underwater applications.

• Five high torque motors allow Endura similar maneuvering underwater to that of a helicopter.

• 1080p True HD Camera with Pan and Tilt and high intensity LED lighting (4400 Lumens). Comes with a 100 meter depth rating and four pounds of payload, which can be upgraded to 300 meter depth rating and eight pounds of payload.

• Can be configured and ready for Retails for US$17,000 to US$100,000.

• Dimensions: 37 cm x 70 cm x 30 cm

• The Hybrid ARV searches wide areas using AUV mode and conducts detailed inspections using ROV Mode.

• When running the vehicle in autonomous operation, all mission planning is completed in an intuitive windows based application.

• 5 High Torque motors capable of transferring 8 pounds of payload

• The standard model has a 100 meter depth rating, but can be upgraded to reach 300 meters.

• Comes with a 1080p True HD quality 60 degree Pan and Tilt Camera with 4X Zoom capabilities.

• Dimensions: 37 cm x 109 cm x 30 cm (W x L x H)

• AquaLens Connect captures high quality 1080p HD color video and still images at the click of a button.

• HydroView: Remote controlled underwater vehicle that records live video and captures still photos in high definition.

• Easy controls require no formal training. HydroView can be controlled by the on-screen controls from an iPad, a laptop keyboard, or with a video game controller.

• Transfers live feed video to the surface on the user’s iPhone, iPad, or Laptop computer through Wi-Fi or Ethernet connection.

• Can be used individually, or as a network of underwater cameras (network size up to 32 cameras), viewed on one screen through the Aquabotix proprietary operating system.

• Three high torque motors allow HydroView similar maneuvering underwater to that of a plane.

• HD Live Video feed is great for boat and mooring inspections, underwater explorations, as well as for educational purposes.

• Camera includes a pan and tilt of 120 degrees with a 8X digital zoom.

• Retails for US$5,900 to US$9,000

• Retails for US$1,495 plus accessories

• Dimensions: 37 cm x 48 cm x 18 cm (W x L x H)  Dimensions: 13 cm Camera Sphere

MARKET DYNAMICS

• Underwater technologies typically lag land and aerial technologies by six to ten years .

• There have been huge strides in the unmanned land and aerial vehicle (drone) industries but the underwater robotics industry has lagged.

• Unmanned aerial vehicle (drone) global market has increased from US$2.9 Billion in 2005 to US$7 Billion by 2015 at a CAGR of 9.2% , and is projected to increase to US$21.23 Billion by 2022 according to MarketsandMarkets. The market leader in the low cost aerial drones space, DJI, had US$1 billion in sales in 2015.

• Unmanned Underwater Vehicle (drone) market is projected to grow to US$4.0 billion by 2020 .

• Similar applications to drones on land are needed underwater, such as: defence , law enforcement and public safety, marina and boat underwater inspection, marine inspection and construction, port security , pipeline inspection, potable water management, power plant management , fish farming and aquaculture, research and marine biology, undersea mining, and the consumer space.

• Aquabotix is one of the limited number of manufacturers of cost-effective commercial-grade UUVs, and the only manufacturer of Hybrid UUVs available to consumers, governments and real asset owners.

• Defence:

• The world’s militaries currently use the most AUVs; commercial applications are forecasted to represent 9% of the AUV market by 2018.

• Used for: underwater mine search, intelligence collection, surveillance, and reconnaissance.

• Over 90% of the world’s goods are transported by sea. Naval mines that block access to harbors can damage economies and pose danger to commercial and military vessels.

• Over 400,000 naval mines in the hands of U.S. adversaries, left over from prior wars and staying active for years after the conflict has ended. Neutralizing cheap naval mines is difficult, dangerous, and expensive.

• Over 500 ships have been lost in mine-related accidents following World War II. Removing a single naval mine can cost 100 to 200 times more than its manufacturing and deployment costs.

• UUVs hold the potential to scour the sea for hostile submarines and warships.

• The U.S. Navy is investing 22% of its science and technology dollars on the underwater domain and recently announced that it would invest up to US$1.43 billion to support unmanned mine countermeasure vehicles.

MARKET DYNAMICS (CONTINUED)

 Law Enforcement & Public Safety:

• Example: on October 1, 2015, cargo ship El Faro sank during a hurricane off the coast of the Bahamas. A towed Remotely Operated Vehicle (ROV) with a video camera was used to identify the vessel.

• Example: Indiana conservation officers use remotely operated vehicles (ROVs) to search for possible missing persons and drown victims in an effort to reduce search time significantly.

 Marina & Boat Underwater Inspection:

• UUVs offer a fast and effective way to perform dock and boat inspections, minimizing labor cost.

• UUVs have the added benefit of being small enough to fit into tight spaces inaccessible to human divers.

 Marine Inspection and Construction:

• Used for maintenance and repair.

• Proposed renewable energy projects such as the European Supergrid , could require a network of marine cables stretching thousands of kilometers of undersea cables. 99% of all global communications occurs via marine cabling.

• Underwater cabling systems are required to deliver offshore power to the mainland. Routine inspections of these cables are critical to ensure they are seated properly to mitigate risks such as the entangling of fishing nets, causing boats to sink.

 Port Security:

• In the post-9/11 era, the security of sea and river ports became an issue of great and pressing public concern. There are 360 commercial sea and river ports in the United States alone, and those ports handle approximately one-fifth of the global maritime trade . These ports handle more than 70,000 large ships (and an innumerable plethora of smaller craft) annually, carrying more than two billion tons of cargo in and out of the United States. Securing and ensuring the safety of that much traffic is a job of substantial magnitude.

• ROVs like Aquabotix’s Endura 100 SLE ROV can be equipped with 360-degree scanning sonar , allowing the ROV to see things where a human diver would be helpless . In addition, ROVs can engage in much longer dives than humans . This allows exhaustive search scenarios that would be extremely expensive if human divers were deployed.

MARKET DYNAMICS (CONTINUED)

 Pipeline Inspection:

• Industrial UUVs can use manipulators to cut and lay pipe, make and break hydraulic connections, lay and retrieve cable, lubricate underwater machinery, carry heavy tools for human divers, conduct trenching operations, and operate machinery like valves and levers.

 Potable Water Management:

• For both giant municipal potable water supply facilities and small private tanks like facility storage tanks – UUVs offer a number of advantages over other methods: tanks don’t need to be drained, no risk to human divers or the water system, low barrier to entry, built in data gather, and increased frequency of monitoring.

 Power Plant Management:

• At hydroelectric facilities and dams - a cost-effective alternative to dewatering to perform inspection and/or maintenance work, as well as needed repairs

• UUVs equipped with sonar and LIDAR can be used to help discover anomalies that may warrant further inspection . Instead of relying on calendarbased maintenance, owners of dams and hydro plants can use UUV inspections to identify if and where maintenance and repair work is required, thus saving the company money by avoiding unneeded work.

• Fish Farming and Aquaculture:

• Aquaculture and fisheries are a major source of the world’s protein production, and aquaculture production is growing at tremendous rates.

• Aquaculture facilities require careful monitoring on a number of important parameters. The environment needs to be monitored for water quality, temperature, current, etc. The operators need to inspect hardware such as nets and cages to count fish and check nutrient levels. This is often done by human labor, which is fine if the facility is on shore, but impractical when it’s far offshore. Underwater cameras and UUVs are a very efficient option .

• Research and Marine Biology:

• UUVs can be equipped with a very wide array of top-quality scientific sensors, enabling them to monitor aquatic conditions just as well as sensor buoys or shore stations.

MARKET DYNAMICS (CONTINUED)

 Undersea Mining:

• In 2012, the European Commission estimated that global annual turnover from seabed mining could grow to €10 billion by 2030. Concerns about supply security and technological advances that enable seabed mining should drive this growth.

• In 2013, British Prime Minister Cameron outlined a vision to make the United Kingdom the leader in seabed mining, stating that seabed mining could contribute £40 billion to the British economy through 2030.

• The European Commission forecasted that 5% of the world’s minerals , including cobalt, copper and zinc, could come from the ocean floors by 2020 with this share rising to 10% by 2030.

• There are now 1.2 million square kilometers of ocean floor under 26 mining permits for prospecting.

• UUVs are expected to be the dominant mover in seabed mining .

 Consumer:

• The consumer market for UUVs and industrial-strength underwater cameras has not yet been tapped in any meaningful way. Uses include fishermen (searching for fish), treasure hunters (the United Nations estimated that over 3 million wrecks are sitting at the bottom of the ocean), recreational and other.

==> picture [526 x 222] intentionally omitted <==

INDUSTRY USES

==> picture [792 x 123] intentionally omitted <==

==> picture [792 x 124] intentionally omitted <==

==> picture [792 x 123] intentionally omitted <==

==> picture [792 x 123] intentionally omitted <==

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

1 2
----- End of picture text -----

INDUSTRY USES (CONTINUED)

==> picture [792 x 123] intentionally omitted <==

Defence

Law Enforcement & Public Safety

Marina & Boat Underwater Inspection

• Navy Seeking Unmanned Underwater Advances To Field Today, To inform Next Generation Sub Design in 2020s (Persian Gulf, October 2016)

• Intelligence experts approach industry for UUV (Unmanned Underwater Vehicle) networks for covert surveillance of shipping (Washington, June 2016)

• DOD plants to invest $600m in unmanned underwater vehicles (California, February 2016)

• Russian Navy developing unmanned ‘drone’ boats (Russia, January 2016)

• Indiana Officers use drones to aid in underwater searches (Indiana, October 2016)

• EgyptAir plane crash investigators use underwater ‘submarine drone’ as they hunt missing black boxes (Mediterranean Sea, May 2016)

• The Innovators: the swarm of sea drones sniffing out drugs and mines (Massachusetts, January 2016)

• Sea Drone locates missing cargo ship (The Bahamas, October 2015)

• Shell uses ROV system for underwater inspections (North Sea, November 2016)

• The Importance of Hull Inspections for Large Ships & the Use of ROVs (August 2016)

• In-water bottom surveys by means of remotely operated underwater vehicle (ROV) (Norway, November 2015)

• Shipyard uses drones to inspect cargo tank interior (Poland, September 2015)

• Development of UUV (Unmanned Underwater Vehicle) Mine Hunters Challenges U.S. Navy (United States, April 2015)

INDUSTRY USES (CONTINUED)

==> picture [792 x 123] intentionally omitted <==

Marine Inspection and Construction

Port Security

Pipeline Inspection

• Local Firm Aids Wind Farm Setup (United States, August 2016)

• Venezuela uses a ROV to inspect Guri Reservoir infrastructure amidst water level decline (Venezuela, September 2015)

• Using an ROV to Repair a Leaking Surge Shaft (Bhutan, October 2014)

• Remote Surveillance of dams (Toronto, April 2014)

• Rotterdam Port Tests In-Water Drones (Netherlands, September 2016)

• ROVs and Port Security (United States, March 2016)

• Port Security to Use Underwater Robots to Monitor Ships, Cargo (United States, December 2014)

• Underwater robot may become smuggler’s worst enemy (Massachusetts, September 2014)

• Drones Carry out Underwater robotic inspection for oil and gas industry (India, October 2016)

• Parts of pipelines under Mackinac Straits not properly supported – Inspection of the twin pipelines using ROV (Remotely Operated Vehicle) and an AUV (Autonomous Underwater Vehicle) (Lake Michigan, August 2016)

• Getting to the bottom of subsea repairs – Older pipelines need more attention, and operators need a repair strategy (United States, March 2016)

==> picture [792 x 123] intentionally omitted <==

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

1 4
----- End of picture text -----

INDUSTRY USES (CONTINUED)

==> picture [792 x 123] intentionally omitted <==

Potable Water Management

Power Plant Management

Fish Farming & Aquaculture

• Drone optimises potable water tank inspections with new remotely operated vehicle (ROV) service (United States, May 2016)

• Italian Underwater Robot Breaks New Ground in Water Monitoring (Italy, April 2016)

• Five Advantages of ROVs for Tank Inspections (United States, February 2016)

• AES Looks to Drones and Robots for Inspecting Power Plants in Extreme Heat (United States, November 2016)

• Mini-ROVs: The Coal-Fired and Nuclear Power Plant Inspection Solution (United States, June 2016)

• Leveraging Drones and Robots for Power Plant Operations and Maintenance Savings (United States April, 2016)

• Researchers develop drone technology for power plant inspection (University of Georgia, November 2015)

• Stationary Mounted Cameras in Aquaculture and Fisheries Monitoring (United States, November 2016)

• Drones helping to count crabs (United Kingdom, October 2016)

• Underwater Drones improving Shellfish aquaculture (Canada, July 2016)

• Canadian Fish Farm Describes Use of Underwater Drone (Canada, May 2016)

• Upgraded ROV for aquaculture (United States, February 2016)

==> picture [792 x 123] intentionally omitted <==

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

1 5
----- End of picture text -----

INDUSTRY USES (CONTINUED)

==> picture [792 x 123] intentionally omitted <==

Research & Marine Biology

Undersea Mining

Consumer

• New Underwater Drones Make Waves For “Citizen Scientists” (Indian Ocean, November, 2016)

• Performing Aquatic Monitoring – utilize ROVs as the data collection platforms (United States, August 2016)

• Aquatic Robots Help Scientists Understand Monsoons (United Kingdom, June 2016)

• Drones from Hawaii could help save $1.27 billion in marine damage costs(Hawaii, December 2015)

• Mass-produced underwater vehicles – Autonomous underwater vehicles are essential to tasks such as exploring the seabed in search of oil or minerals (Virginia, February 2016)

• These giant robots will mine the ocean floor for gold, silver, and copper (Papa New Guinea, December 2015)

• Deep Sea Mining: AUV to help unlock hidden resources (United Kingdom, January 2015)

• What Drones Did for the Sky, Robot Subs Are About to Do for the Sea (United States, September 2016)

• Affordable drones are the new wave of underwater exploration (United States, June 2016)

• New Mini Inspection Class ROV: The Endura (United States, May 2016)

• Small UUVs Make a Splash – The Underwater Domain is Catching a Wave of New Platforms (United States, February 2016)

==> picture [792 x 123] intentionally omitted <==

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

1 6
----- End of picture text -----

BIOGRAPHIES | BOARD AND MANAGEMENT

Peter James, Non-Executive Chairman

==> picture [91 x 112] intentionally omitted <==

Mr. James has over 30 years’ experience in the Technology, Telecommunications and Media Industries, and has extensive experience as Chair, Non-Executive Director and Chief Executive Officer across a range of publicly listed and private companies. He is currently Chair of ASX-listed companies Macquarie Telecom Ltd, nearmap Ltd, Dreamscape Networks Ltd and DroneShield Ltd.

Mr. James has recently completed 12 years as a Non-Executive Director for ASX-listed iiNet, Australia’s second largest DSL Internet Services Provider, chairing iiNet’s Strategy and Innovation Committee. iiNet was recently acquired by TPG Telecom for A$1.56B.

He is a successful investor in a number of technology businesses in Australia and the US.

Mr. James is an experienced business leader with significant strategic and operational expertise. He is a Fellow of the Australian Institute of Company Directors, a Member of the Australian Computer Society and holds a BA Degree with Majors in Computer Science and Business.

Hon. Jay M. Cohen, Rear Admiral, United States Navy (Ret.), Non- Executive Director

==> picture [90 x 110] intentionally omitted <==

Admiral Jay M. Cohen is a former Chief of Naval Research (United States Navy) and has served as the Department of the Navy Chief Technology Officer.

Admiral Cohen is a graduate of the United States Naval Academy. He holds a joint Ocean Engineering degree from Massachusetts Institute of Technology (MIT) and Woods Hole Oceanographic Institution and Master of Science in Marine Engineering and Naval Architecture from MIT. Earlier in his career, he commanded USS Hyman G. Rickover and served on the U.S. Atlantic Fleet before commanding the submarine tender USS L.Y. Spear including a deployment to the Persian Gulf in support of Operation Desert Storm.

Admiral Cohen was promoted to the rank of Rear Admiral in 1997 and reported to the Joint Staff as Deputy Director for Operations responsible to the President and Department of Defense leaders for strategic weapons release authority. In June 2000, he became the 20th Chief of Naval Research. He served during war as the Department of the Navy Chief Technology Officer, responsible for the $2B+/year Navy and Marine Corps Science and Technology (S&T) Program. Unanimously confirmed by the US Senate, he was sworn in as Under Secretary for Science & Technology at the Department of Homeland Security in 2006. Since leaving government, Admiral Cohen serves on corporate boards and is an independent consultant for science and technology in support of U.S. and international defence, homeland security and energy issues and solutions.

BIOGRAPHIES | BOARD AND MANAGEMENT (CONTINUED)

Durval Tavares, Chief Executive Officer and Managing Director

Mr. Tavares is CEO of Aquabotix, which he co-founded in 2011, and has served in that capacity since its inception.

Mr. Tavares has over 30 years of successful business and entrepreneurial leadership experience in technology, defence and finance organizations in both the private and public sectors.

Mr. Tavares has logged over 20 years working with underwater technology, including AUV, ROV, submarine and torpedo systems development for advanced defence projects and private contractors. His work at the Naval Underwater Warfare Center on submarine technology included several patents in his name.

While at Fidelity Investments for 10 years, Mr. Tavares was a senior executive responsible for leading new product development for the financial services giant.

Mr. Tavares earned his BSEE in Electrical Engineering from the University of Massachusetts, graduating first in his class. He has made frequent presentations to technical and motivational forums and is active in mentoring programs.

Brendan Martin, Chief Financial Officer and Director

Mr. Martin brings extensive experience in the Australian financial and industrials sectors across the Australian market.

Most recently Mr. Martin was General Manager Strategy & Investments at Broadspectrum Ltd, which was acquired by Ferrovial Servicios in May 2016 for an enterprise value of A$1.3 billion. Prior to Broadspectrum, Mr. Martin ran Bergen Capital’s Australian office, and held banking and advisory roles with Investec Bank and Citi. Mr. Martin began his career with PricewaterhouseCoopers in the insolvency and valuations practices.

Mr. Martin holds a Bachelor of Commerce from the University of Sydney, is a Chartered Accountant with the Institute of Chartered Accountants in Australia, and holds a Graduate Diploma in Applied Finance from FINSIA/Kaplan.

BIOGRAPHIES | BOARD AND MANAGEMENT (CONTINUED)

Derek Daly, Chief Operating Officer

Mr. Daly brings substantial engineering, manufacturing and defence contracting experience to the team.

Mr. Daly is an unmanned systems, robotics and automation specialist with over 30 years’ experience in the defence and commercial sectors. Most recently Mr. Daly was President and COO at Comark LLC, a defence facing ruggedized industrial computer manufacturer. Previously, he served as Vice President (Land Systems) at QinetiQ North America, a division of QinetiQ Group Plc (LSE:QQ.) (“QinetiQ”) and Group Director Unmanned Systems at Foster-Miller, which was acquired by QinetiQ. QinetiQ is a London Stock Exchange-listed science and engineering company with a primary focus on defence and security and an approximately A$2.7 billion market capitalization. Mr. Daly’s responsibilities at the approximately US$100 million Land Systems division included multi-site responsibility for a staff of approximately 60 engineers, sales, business development and program management personnel. Mr, Daly spent his early career at Northrop Grumman Corp. and American Semiconductor.

Mr. Daly received a Bachelor of Mechanical Engineering Technology, magna cum laude, from Northeastern University, Boston.

==> picture [792 x 123] intentionally omitted <==

==> picture [792 x 123] intentionally omitted <==

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

1 9
----- End of picture text -----

RECENT PRESS CLIPPINGS

Zimbio – 2 December 2016

Bloomberg Government – January 23 2017

Financial Review – March & April 2017

Aquabotix Director Jay Cohen, a retired Rear Admiral of the U.S. Navy, meets with President Elect-Donald Trump and his transition team in New York City.

Aquabotix mentioned as a commercial producer of UUVs in relation to new delivery methods being considered. The U.S. plans to invest US$600 million over five years in variable size and payload UUVs.

Various pre-IPO and IPO related articles.

Motley Fool – May 2017

Popular Australian retail investor website places UUV on the “hot IPO” and “exciting small-cap share” lists.

==> picture [792 x 123] intentionally omitted <==

==> picture [792 x 123] intentionally omitted <==

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

2 0
----- End of picture text -----

CAPITAL STRUCTURE

UUV Aquabotix Ltd raised A$7 million on the ASX in April 2017, in an oversubscribed offer, through the issue of 35 million shares at A$0.20 per share:

Shareholders Shares (ASX:UUV) Listed Options (ASX:UUVO) Performance Shares and Unlisted Options	Shareholders Shares (ASX:UUV) Listed Options (ASX:UUVO) Performance Shares and Unlisted Options	Shareholders Shares (ASX:UUV) Listed Options (ASX:UUVO) Performance Shares and Unlisted Options	Shareholders Shares (ASX:UUV) Listed Options (ASX:UUVO) Performance Shares and Unlisted Options
Shareholders	135,000,001	35,000,000	45,000,000
Options issued to Directors, Management and Advisory Board, and Lead Manager	-	-	21,400,000
Total	135,000,001	35,000,000	66,400,000

Enterprise Value	Enterprise Value	Enterprise Value
UUV shares1	A$0.14 / share	A$18.9m
UUVO options1	A$0.03 / option	A$1.1m
Cash	As at 2 June 2017	(A$6.0m)
Debt	As at 2 June 2017	nil
Enterprise Value	Excluding unlisted options	A$14.0m

Notes:

1 As at 9 June 2017

==> picture [252 x 267] intentionally omitted <==

Aquabotix’s Endura in action

IMPORTANT CAUTIONARY NOTE

The information contained in this document is for information purposes only and does not constitute financial product advice, legal advice, an offer to sell, or a solicitation of an offer to purchase, any securities. This document contains "forward-looking statements”. Forward-looking statements include information concerning growth, pricing, future strategic objectives, business prospects, industry or market conditions, demand for and pricing of our products, regulatory developments and general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as all other statements that necessarily depend on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although UUV Aquabotix Ltd (“UUV”) make such statements based on assumptions that it believes to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. UUV cautions investors not to rely unduly on any forward-looking statements and expressly disclaims any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events or otherwise. Particular uncertainties that could cause UUV’s forward-looking statements to be materially different from what transpires in the future include: patent approval (or a lack thereof), pricing of product, customer acquisition, team expansion, ability to compete, changes in law, economic and financial conditions, availability and cost of funding, the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, press coverage, and other factors. This document is subject to modification and amendment from time to time. The delivery of this document shall not, under any circumstances, create any implication that there has been no change in the affairs of UUV since the date hereof, or that the information herein is correct as of any date subsequent to the date hereof. To the full extent permitted by law, none of UUV's, Aquabotix Technology Corporation’s or any of their respective shareholders or members, or any shareholders, members, partners, directors, managers, officers, employees, advisers, counsel, agents or other affiliates of UUV, Aquabotix Technology Corporation or any of their respective shareholders or members, or any party involved in creating, producing, or delivering this document, shall be liable for any direct, incidental, consequential, indirect, punitive or other damages that result, or arise, from or in connection with, or are related to the use of, or the inability to use, this document or the content thereof.

Copyright UUV Aquabotix Ltd 2017. All rights reserved. Except as otherwise permitted by UUV, no materials from this document may be copied, reproduced, republished, uploaded, posted, transmitted, modified or distributed in any way.