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ORCODA LIMITED AGM Information 2022

Nov 28, 2022

65482_rns_2022-11-28_2360a3cf-e5e1-4fb3-9f2d-f3d1b023d55f.pdf

AGM Information

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ORCODA LIMITED ANNUAL GENERAL MEETING TUESDAY 29 NOVEMBER 2022

Agenda

1. Welcome

2. Formal business of the meeting 3. CEO & CFO Presentations & General Questions

  1. Conclusion

Formal Business of the Meeting

ITEM 1.1: FINANCIAL STATEMENTS AND REPORTS

“To receive and consider the Financial Report, the Directors’ Report, and the Auditor’s Report for the year ended 30 June 2022.”

ITEM 1.2: REMUNERATION REPORT

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“That the Company adopt the Renumeration Report for the year ended 30 June 2022, in accordance with Section 250R(2) of the Corporations Act.”

For Open Against Total Abstain
100.00%

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ITEM 2.1: RE-ELECTION OF DIRECTOR – MR BRENDAN MASON�

“That Mr Brendan Mason who is retiring in accordance with clause 13.2 of the Company’s Constitution and Listing Rule 14.4, and being eligible, offers himself for re-election, to be re-elected as a Director of the Company.”

For Open Against Total Abstain
100.00%
  • Against

  • Total

  • Abstain

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ITEM 3.1: RATIFY THE PRIOR ISSUE OF 750,000 SHARES

“That, for the purposes for ASX Listing Rule 7.4 and for all other purposes, the Company ratifies the issue of 750,000 Fully Paid Ordinary Shares in the capital of the Company on the terms and conditions set out in the Explanatory Notes.”

For Open Against Total Abstain
100.00%

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ITEM 3.2: RATIFY THE PRIOR ISSUE OF 5,833,333 SHARES

“That, for the purposes of ASX Listing Rule 7.4, and for all other purposes, the Company ratifies the prior issue of 5,833,333 fully paid ordinary shares in the capital of the Company on the terms and conditions set out in the Explanatory Notes.”

For Open Against Total Abstain
100.00%

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ITEM 4: SPECIAL RESOLUTION 4: APPROVAL OF ADDITIONAL 10% ISSUE CAPACITY UNDER LR 7.1A

“That, pursuant to and in accordance with Listing Rule 7.1A, and for all other Shareholders the issue of purposes, approve Equity Securities of to 10% of the issued of the the up capital Company (at time of issue) calculated in accordance with the formula prescribed in Listing Rule 7.1A.2, over a 12 month period from the date of the Meeting, at a price not less than that determined pursuant to Listing Rule 7.1A.3 and otherwise on the terms and conditions described in the Explanatory Notes (Additional Placement Securities).” For Open Against Total Abstain 100.00%

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Formal Business of the Meeting ends.

The CEO will now present Questions from Shareholders

30 Minutes

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Thank you for your attendance to the formal part of the Annual General Meeting.

The CEO and CFO will discuss the AGM presentation and be available to answer questions.

ORGANISED CONNECTED DATA

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2022 AGM PRESENTATION Orcoda Limited (ASX: ODA) | 29 NOVEMBER 2022 Australia’s leading smart technology solutions provider in transport logistics and transport services NOVEMBER 2022

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ORGANISED CONNECTED DATA

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IMPORTANT NOTICES & DISCLAIMER

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This presentation has been prepared by Orcoda Limited ACN 009 065 650 (“Orcoda”).

The material is for information and should not be relied for the of investment decision. investment in Orcoda is to a number of following general purposes only upon making any Any subject investment risks including the possibility of loss of capital invested and no return of income or payment of dividends. Neither Orcoda nor any other entity or person in or associated with the Orcoda group of companies guarantees any return (whether capital or income) or generally the performance of Orcoda or the price at which its securities may trade.

In particular, this presentation is not a recommendation, offer or invitation to subscribe for or purchase Orcoda securities. This presentation is not exhaustive of all of the information a potential investor or their professional advisers would require. This presentation does NOT constitute a “Prospectus" or a "Disclosure Document” (as defined in the Corporations Act 2001 (Cth) (Corporations Act)) and has not been, and will not be, lodged with the Australian Securities and Investments Commission or any other regulatory authority. Accordingly, it is not required to contain, and may not necessarily contain, all of the information that a Prospectus or like Disclosure Document would be required to contain pursuant to the Corporations Act.

This presentation does not take into account any specific objectives, financial situation or needs of investors. For these and other reasons, you are strongly recommended to obtain your own up to date independent legal, financial and investment advice – those acting without such advice do so at their own risk.

This presentation may contain "forward-looking statements" which are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify forward-looking statements. Any forward-looking statements in this presentation should be considered “at-risk statements” - not to be relied upon as they are subject to known and unknown risks, uncertainties and other factors that may lead to actual results differing from any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof and Orcoda does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events. In addition, the past performance of Orcoda cannot be assumed as indicative of the future performance. There is NO guarantee of future performance - actual results and future outcomes will in all likelihood differ from those outlined herein.

Neither Orcoda nor any of its advisers, agents or employees make or give any express or implied representation, warranty or guarantee that the information contained in this presentation or otherwise supplied by or on behalf of Orcoda is complete or accurate or that it has been or will be audited or independently verified, or that reasonable care has been or will be taken in compiling, preparing or furnishing the relevant information. Orcoda does not take any responsibility for any inference, interpretation, opinion or conclusion that any person may draw or form from this presentation.

To the maximum extent permitted at law, Orcoda and all of its representatives, directors, partners, employees or professional advisers exclude all direct and indirect liability arising out of or in connection with any use or reliance of the information contained or described within this presentation. Other than to the extent required by law (and only to that extent), the Parties do not make any representation or give any assurance, guarantee or warranty (express or implied) as to, nor assume any responsibility or liability for, the authenticity, origin, validity, accuracy, suitability or completeness of, or any errors in or omissions from, any information, statement or opinion contained in this Presentation or any accompanying, previous or subsequent material or presentation.

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ORCODA AT A GLANCE

ORGANISED CONNECTED DATA

Who we are

Orcoda Limited (ASX: ODA) is an integrated technology company that provides smart technology solutions for transport logistics and transport infrastructure services.

Our proprietary cloud-based, open ended, end-to-end software technology platforms have true optimisation capabilities, enabling clients to generate real time, fast, accurate and reliable information to make data-led decisions for the movement of people, parcels and goods, the assets they travel in and the infrastructure they travel on.

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Our Mission To optimise our clients’ transport operations and support their digital transformation

Our transport infrastructure services via Betta Group deliver value-add solutions primarily in major road, rail and air infrastructure projects and is an integral part of achieving our Vision.

Our Vision

Our clients come from a diverse of sectors and include some of Australia’s array industry largest companies operating in the resources (mining, oil & gas and infrastructure), transport logistics and healthcare transport sectors.

To develop an eco-system of interconnected technology, integrating smart devices to provide big data for continual optimisation and digitisation of transport services and transport infrastructure

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ORGANISED CONNECTED DATA

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OUR JOURNEY SO FAR

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Well positioned for growth on the back of accelerating digital transformation trend

Resource Connect merged with Acquisition of Betta Group, SmartTrans acquiring OLMS bolstering smart city and platform infrastructure services capabilities Change Company Name / ASX 2021 ticker to Orcoda Limited Dec (ASX:ODA) Granted USA patent for 2020 “Booking System for Healthcare platform integrated Personnel Supply Chains” to 2036 2018 Resource Connect founded to develop OWLS platform Restructuring / Integration Phase 2012 20 15 10 5 0 -5 FY2018 FY2019 FY2020 FY2021 FY2022 Total Income Normalised Net Profit

Strong Momentum of Commercial Successes

Sep’22: Record quarterly result $6.8m receipts from customers, $1.7m positive cashflow, $5.8m revenue.

  • Aug ‘22: Teaming agreement formalised with Teletrac Navman

  • Mar ‘22: Teamed up with Teletrac Navman for first contract win with Burnie Brae for initial 3 years

  • Feb ‘22: Signed 9-year contract with pathology company worth in excess of $3m in revenue with substantial upside

  • Oct ‘21: Signed $2.2m 18-month major works contract with Laing O’ Rourke

  • June ‘21: MOU signed to develop and deliver on Orcoda’s “Smart Poles” with multiple parties

  • Mar ‘21: Secured $1.3m New Pacific Energy Project via Betta Power

  • Mar ‘21: Signed 40-month contract with TransitCare

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ORGANISED CONNECTED DATA

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ORCODA’S OPERATING DIVISIONS

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RESOURCE LOGISTICS DIVISION

HEALTHCARE AND TRANSPORT LOGISTICS DIVISION

Infrastructure, resources (oil & gas, mining)

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Healthcare, pathology, community transport, transport logistics

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Infrastructure, civil and electrical services (Betta Group) and workforce management software platform for the infrastructure and resources sectors FY22 SALES: $13.5M | EBITDA $2.0M

SaaS enterprise platform to optimise scheduling + routing for healthcare and transport logistics providers, and partial or total fleet outsource model FY22 SALES: $2.8M | EBITDA $698K

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Logos represent selected past and present customers and partners

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ORGANISED CONNECTED DATA

OUR VISION AND STRATEGY

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To be a leading integrated ITMS provider for smart transport of the future

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ORGANISED CONNECTED DATA

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ORCODA is committed to the principles of ESG as an effective means of creating long-term value. In 2022, we have made a commitment to commence reporting on the ESG disclosures of the Stakeholder Metrics of the World Economic Forum (WEF). We are in the process of making ESG disclosures in the form of a set of universal, comparable ESG metrics focused on people, planet, prosperity, and principles of governance.

While our business is creating inherent positive impact, the adoption of the WEF framework has already identified ESG dividends:

  • ESG-inclusive Board Matrix

  • Our software solutions are improving the sustainability of our clients, with one case reporting an excess of 40% reduction in CO2 emissions over a 5-year period.

  • We’re proud to support not-for-profit organisations, such as Australian Community Transport Association (ACTA), where our work improves the accessibility of services to disabled and aged care communities.

  • As part of our commitment to positively effecting the local communities where we and our clients operate, ORCODA has sponsored:

  • The 2022 Mansfield Hotel Tour in Mt Buller, Victoria

  • The ORCODA Dragon Boat Crew in Brisbane, Queensland

  • Football sponsorship for Classic Wallabies series at Beef Week in Rockhampton, Queensland

  • We are committed to creating and ensuring a diverse work environment in which everyone is treated fairly and with respect and where everyone feels responsible for the reputation and performance of Orcoda.

ESG

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ORGANISED CONNECTED DATA

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Recent Financial Results (FY20 to 1Q FY23 Financials)

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FY22 FINANCIAL HIGHLIGHTS

ORGANISED CONNECTED DATA

  • Strong revenue growth | Profitable and positive operating cash flows | Robust balance sheet

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TOTAL INCOME UNDERLYING EBITDA[(1)] OPERATING CASH FLOWS $16.6m $1.1m $1.1m +89% 223% (6)% vs. FY21 vs. FY21 vs. FY21 NET ASSETS AS OF 30/6/22 CASH AS OF 30/6/22 $14.4m $2.4m +12% +0% vs. 30/6/2021 vs. 30/6/2021 1. Underlying EBITDA is earnings before interest, tax, depreciation and amortization and non-cash items Due to rounding, percentages may not precisely reflect the absolute figures Note: Betta Group is consolidated into Orcoda’s accounts from 1 December 2020 onwards

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ORGANISED CONNECTED DATA
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FIRST QUARTER FY23 FINANCIAL HIGHLIGHTS Strong start to FY23 with solid increases across key metrics Q1 CUSTOMER RECEIPTS Q1 OPERATING CASH FLOWS $6.8m $1.7m +59% +114% vs. last quarter FY2022 vs. Q1 FY2022

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Q1 TOTAL INCOME Q1 Working Capital Available[(1)] $3.5m $5.8m +19% +24% vs. last quarter end (30/6/2022) vs. Q1 FY2022

Due to rounding, percentages may not precisely reflect the absolute figures; unaudited figures 1. Cash and cash equivalents plus unused financing facilities.

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RECORD QUARTER IN CUSTOMER RECEIPTS CONNECTEDNNECTED DATATA Positive momentum, with record customer receipts of $6.8m in first quarter FY23

ORGANISED CONNECTEDNNECTED DATATA

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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|59% Increase over last quarter|
|8,000|
|7,000|
|6,000|
|5,000|
|4,000|
|3,000|
|2,000|
|1,000|
|0|
|1Q FY20|2Q FY20|3Q FY20|4Q FY20|1Q FY21|2Q FY21|3Q FY21|4Q FY21|1Q FY22|2Q FY22|3Q FY22|4Q FY22|1Q FY23|
|Customer Receipts|

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ORGANISED CONNECTED DATA

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GROWTH STRATEGIES

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ORGANISED CONNECTED DATA

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ORCODA KEY GROWTH STRATEGIES

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  • Infrastructure spending and acceleration of digital transformation are expected to drive the demand for Orcoda Solutions

1. Resource Logistics Division:

  • v Betta Group: (1) support existing core clients’ activities in the Central Queensland region by delivering best-in-class and reliable infrastructure services, (2) develop relationship with other prospective clients who are active in the Central Queensland region, (3) penetrate the commercial facilities management segment, (4) pursue smart-city installation projects, (5) expansion into other regions where there are synergies (longer term)

  • v Increase sales efforts of the OWLS technology platform, as time is ripe for technological disruption in remote workforce management for infrastructure and resources projects

  • Healthcare and Transport Logistics Division:

  • v Roll-out the OLMS fleet management / optimisation technology platform across existing clients’ operations

  • v Win new contracts leveraging sales network of our channel partners, e.g. Teletrac Navman

  • Bring our patented SaaS products to the U.S. market place (U.S. capital raise process ongoing)

  • Pursue strategic and value-accretive acquisitions that are complementary to our existing businesses and Orcoda’s smart-city vision

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ORGANISED CONNECTED DATA

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ORCODA’S EQUITY STORY IN SUMMARY

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Leading Transport Logistics & Transport Services Provider in Smart Technology Solutions

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Intelligent Transport Management System
Connecting our technology platforms to
the multitude of smart devices that will manage
transport and transport infrastructure
1 2
of the future
è OLMS Technology Platform è OWLS Technology Platform
For managing all forms of For booking people, parcels and
transports an d optimisation o f goods onto tran sports they
RESOURCES HEALTHCARE TRANSPORT
associate travel in
d logistical
constraints Oil & gas, Line haul, metro
Health transport
mining, deliveries, field
services
infrastructure services
4
3
Our Vision…
Transport Infrastructure
Orcoda platforms & apps interconnected
services, smart device installation &
and integrated with smart transport
electrification capabilities
devices, infrastructure & digital twins of the
è Betta Group
future
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Best-in-category: Market-leading optimisation algorithm for people, parcel and goods mobility and asset logistics

  • Incorporates and extends typical fleet management tools – ie. telematics and real-time data insights – with an automated logistics optimization algorithm, which accounts for a multitude of customizable constraints and makes decisions that are continuously refined in real-time through machine learning

Patented technologies

USA and Australia patent for fully integrated logistics + bookings optimisation; providing a Service Orientated Architecture of one database that connects all personnel, service and asset provider databases

Complementary transport infrastructure services with smart device installation and electrification expertise

  • Through Betta Group, Orcoda is well positioned to benefit from the Government’s budgeted transport infrastructure spend of $110bn over next 10 years and smart transport infrastructure build-out

Strong financial performance and robust balance sheet to support our strategic plans

  • Strong revenue growth, sustained profitability and positive operating cash flows generation

  • SaaS model for our technology platform is highly scalable

  • ~$3.5m working capital as of September FY23 quarter end

Large and growing total addressable market

  • Across Healthcare, Transport and Resources industry verticals where there are significant operational improvement opportunities

  • Digital transformation trend is accelerating – strong tailwinds of growth in OLMS and OWLS adoption

  • • Benefitting from accelerating technology adoption, and large government and commercial capital investment into building smart-cities / smart road, rail & air infrastructure

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CORPORATE SNAPSHOT ORGANISED CONNECTED DATA Experienced leadership | Long-term shareholder support | Robust balance sheet for growth

Nicholas Johansen Non-Executive Chairman Chair Audit Committee Partner Cozens Johansen Law Geoffrey Jamieson Managing Director, MAICD Member Audit Committee MD Resource Connect, Ex Merchant banker, 35+ years experience as MD or CFO for ASX listed com anies p Julian Rockett Company Secretary Principal Partner Karma Lawyers, Practised lawyer and 10+ years experience as company secretary for ASX listed companies Sean Hardman GM Resource Logistics Division Director Orcoda Resource Logistics. Founding member Resource Connect. Represented Australia in Rugby Geoffrey Williams Advisor to Betta Group 21 years experience Ergon Energy Queensland Managed Betta Group for 15 years

Brendan Mason Non-Executive Director Chairman Rem Committee Ex Caterpillar, Cochlear, Boral, Lucent/Bell Labs Samuel Yue Chief Financial Officer MD Barclays Investment Bank, VP Corp Dev Carlsberg, Goldman Sachs Simon Anthonisz GM Healthcare and Transport Logistics Division and Group Operating Officer HR expert / extensive experience across UK & Australia rail & infrastructure projects

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Rae Jeffrey GM Betta Group Ex Ventia Utility Services Central Queensland last 10 years and grew business from $7.2m p.a. to $31m p.a.

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Market information
Share price at 23-Nov-2022 (rounded)
Shares on issue
Market capitalisation
Cash and cash equivalents (as of 30 Sep 2022)
$0.09
159m
$15m
$3.5m
Shareholdingcomposition(as of 18 October 2022)
Geoffrey Williams
Stephen Pronk (ex-director)
Blamnco
Geoffrey Jamieson
Sean Hardman
10%
10%
7%
7%
6%

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ORGANISED CONNECTED DATA

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  • APPENDIX: FY22 SUMMARY FINANCIALS & BROADER METRICS

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FY22 PROFIT & LOSS

ORGANISED CONNECTED DATA

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Strong revenue growth and sustained profitability

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Year ended June 30 [th]
FY22 FY21 Change
For continuing operations
$m $m $m %
Revenue 16.1 7.6 8.4 110%
Other income (incl. R&D tax incentive) 0.6 1.2 (0.6) (51%)
Total income 16.6 8.8 7.8 89%
Underlying EBITDA [(1)] 1.1 1.2 (0.1) (6%)
Underlying EBITDA Margin 7% 13% n/a n/a
Profit after income tax from
0.2 0.5 (0.3) (60%)
continuin o erations
g p
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v Total income $16.6m, up 89% from FY21 v Revenue increase driven by full year contribution from Betta Group and underlying growth across all divisions v Underlying EBITDA $1.1m, with lower margin compared to FY21 primarily as a result of:

v Higher other income in FY21 (government subsidies related to COVID-19 and R&D income)

v Higher initial costs in large projects in Betta Group commenced during second half of FY22

v FY22 profit after income tax from continuing operations was lower primarily due to higher D&A charges and share-based payment expenses (non-cash)

1. Underlying EBITDA is earnings before interest, tax, depreciation and amortization and non-cash items. Due to rounding, numbers presented on this slide may not add up precisely and percentages may not precisely reflect the absolute figures. Note: Betta Group is consolidated into Orcoda’s accounts from 1 December 2020 onwards.

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ORGANISED CONNECTED DATA

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FY22 BALANCE SHEET

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Robust balance sheet position to fund future growth

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30-Jun-22 30-Jun-21 Change
$m $m $m %
ASSETS
Cash and cash equivalents 2.4 2.4 0.0 0%
Trade & other receivables 3.1 2.4 0.8 33%
Intangible assets 8.7 8.7 (0.0) (1%)
Plant and equipment 4.6 3.1 1.6 51%
Other assets 1.0 1.1 (0.1) (12%)
Total assets 19.7 17.6 2.2 12%
LIABILITIES
Trade and other payables 2.1 1.4 0.8 54%
Financial liabilities 2.5 2.5 (0.0) (2%)
Other liabilities 0.8 0.8 (0.1) (8%)
Total liabilities 5.4 4.7 0.6 14%
NET ASSETS 14.4 12.8 1.5 12%
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v Cash and cash equivalents of $2.4m as of 30-Jun-22

v Strong focus on working capital management

v Increase in plant and equipment reflect purchases made during FY22 to support growth in our businesses particularly Betta Group

v $2.5m financial liabilities comprised of: (i) $0.5m final earn-out instalment for the Betta Group acquisition (paid in July 2022), and (ii) $2.0m chattel mortgages (of which $1.5m was non-current liabilities)

Due to rounding, numbers presented on this slide may not add up precisely and percentages may not precisely reflect the absolute figures.

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ORGANISED CONNECTED DATA

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FY22 STATEMENT OF CASH FLOW

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Strong growth in operating cash flows

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Year ended June 30 [th] FY22 FY21 Change
$m $m $m %
Receipts from customers 17.2 8.5 8.7 102%
Payments to suppliers and employees (16.5) (8.6) 7.9 92%
Other 0.4 0.4 (0.0) (5%)
Net cash from operating activities 1.1 0.3 0.8 223%
Cash flows from investing activities (1.6) (0.7) 0.9 115%
Cash flows from financin activities 0.5 1.4 0.9 64%
g ( ) ( )
Net cash flows 0.0 1.0 (1.0) N/A
Cash at beginning of period 2.4 1.4
Cash at end of period 2.4 2.4 0.0 0%
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v Increase in receipts from customers and operating cash flows reflect strong growth of our businesses

v FY22 cash flows from investing activities include $1m earn-out payments related to the acquisition of Betta Group

v FY22 cash flows from financing activities include c.$1.2m of net proceeds from share placements

Due to rounding, numbers presented on this slide may not add up precisely and percentages may not precisely reflect the absolute figures. Note: Betta Group is consolidated into Orcoda’s accounts from 1 December 2020 onwards.

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ORGANISED CONNECTED DATA

Orcoda Limited (ASX:ODA) is a leading Australian transport logistics and transport services solutions provider, with expertise in business and of We are efficiency optimisation processes. operational efficiency specialists who supply best-in-class solutions combining technology, management expertise and contracting services that makes our clients among the most productive and cost-effective organisations in their respective industries. GEOFF JAMIESON M A N A G I N G D I R E C T O R Our clients come from a diverse of sectors and include array industry some of Australia’s largest companies operating in the resources / infrastructure, transport logistics and healthcare transport sectors. Email: [email protected] Orcoda’s combined expertise is focused on three key sectors of transport logistics and services: road, rail and air. We pride ourselves www.orcoda.com on enabling our clients to generate fast, accurate and reliable information, ensuring they are able to make the best business decisions the first time, every time and on time. ORCODA’S INTERACTIVE INVESTMENT HUB Please sign up to our Interactive Investor Hub https://investorhub.orcoda.com/ to find our company announcements, receive updates and interact with Orcoda management.

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