ORCODA LIMITED — AGM Information 2023

Nov 14, 2023

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Orcoda Limited Unit 305, 434 St Kilda Road, Melbourne, Vic, 3004 Australia Tel +61 3 9866 7333 www.orcoda.com

15 November 2023

ASX ANNOUNCEMENT – ORCODA LIMITED (ASX: ODA)

AGM Presentation

Please find attached the Managing Director’s presentation to be given at the Company’s annual general meeting today.

For more information, please contact:

Geoff Jamieson Managing Director E: gjamieson@orcoda.com

-ENDS-

This ASX release is authorised by the Board of Orcoda Limited.

ABOUT ORCODA

Orcoda Limited (ASX: ODA) is a leading provider of integrated smart technology solutions in transport logistics, workforce logistics and transport infrastructure. We are dedicated to optimising our clients' operations, enhancing efficiencies, connectivity and compliance. Our mission is to be our clients’ trusted partner in their digital transformation journey.

Our clients include some of Australia's largest companies in the transport logistics, healthcare transport, infrastructure and resources sectors.

Our long term vision is to be a leading Smart Cities transport technology solutions provider.

Please sign up to our Interactive Investor Hub https://investorhub.orcoda.com/ for our Company announcements, receive updates and interact with Orcoda management.

www.orcoda.com

ORGANISED CONNECTED DATA

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Smart Transport Technology Solutions Provider

Orcoda (ASX: ODA) 2023 AGM Presentation 15 November 2023

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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 following material is for general information purposes only and should not be relied upon for the making of any investment decision. Any investment in Orcoda is subject to a number of 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. 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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ORGANISED CONNECTED DATA

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ORCODA AT A GLANCE

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Integrated smart transport technology solutions provider

124% 3- Yr CAGR

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$21m total income in FY23, with a substantial SaaS recurring revenue stream

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280+ customers in transportation, healthcare transport, infrastructure and resources sectors

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$2m EBITDA in FY23, delivering our financial target of profitable growth 7,000+ customer vehicles using Orcoda technologies to optimise their transport operations

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~2.5x increase in Orcoda share price year-to-date

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~3 million

transport movements p.a. are optimised and managed by Orcoda software solutions

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Information as of 10 November 2023

ORGANISED CONNECTED DATA

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OUR JOURNEY SO FAR

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Strong momentum on the back of acceleration in digital transformation

Merger with SmartTrans to form Orcoda (ASX: ODA) and acquired OLMS platform

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2018

Resource Connect founded 2012

Acquisition of Future Fleet, a leading provider of fleet management solutions

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2023 2022 Teaming Agreement with Teletrac Navman, a global leader in fleet tracking technologies

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2020

Acquisition of Betta Group, bolstering Smart Cities capabilities

Restructuring / Integration Phase

• Selected Key Commercial Successes • Nov ‘23: Signed 3-year SaaS contract with Refuelling Solutions

• Sept ‘23: Signed agreement with Koala Cars to commence trial of Orcoda Connect

• May-Jul ‘23: Signed contracts worth $9m+ with Aurizon, Northline, Comlink Australia

• • Feb ‘23: Signed 3-year SaaS contract with Kestrel Coal

• • Feb ‘23: Signed $4.1m works contract with Yurika for Pembroke Olive Downs

• Aug ‘22: Teaming agreement formalised with Teletrac Navman

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ORGANISED CONNECTED DATA

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OUR CUSTOMERS

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Orcoda software manages 7,000+ customer vehicles across ANZ, optimising their transport operations

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Real-Time Customer Tracking Map (Selected Customers)

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Selected customer / partner logos.

ORGANISED CONNECTED DATA

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YTD SHARE PRICE PERFORMANCE

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YTD share price up ~2.5x, outperforming the ASX Small Ordinaries Index

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$0.40
ODA market stats
Share price: $0.29
$0.35
52 week low/high:
$0.09 / $0.34
$0.30
Market cap: ~$50m
$0.25
$0.20
$0.15
$0.10
$0.05
$0.00
Orcoda Share Price ASX Small Ordinaries Index (Rebased)
01/2023 01/2023 02/2023 02/2023 03/2023 04/2023 04/2023 05/2023 06/2023 06/2023 07/2023 07/2023 08/2023 08/2023 09/2023 09/2023 10/2023
Orcoda Share Price (A$ per share)
03/2023 05/2023 08/2023 10/2023
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Market data as of 10/11/2023.

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ASX Small Ordinaries Index (AXSO) prices rebased to ODA share price as of 1/1/2023.

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ORGANISED CONNECTED DATA
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SUMMARY FINANCIAL PERFORMANCE

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Robust profitable growth | Positive operating cash flows

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Total Income (A$m) EBITDA (A$m) Operating Cash Flow (A$m)
148% yoy
124%
30 3 80% yoy 3
$2.7m
CAGR
25% yoy $2.0m
25 2 2
$20.7m
20 1 1
15 0 0
10 (1) (1)
5 (2) (2)
0 (3) (3)
FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23
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Betta Group consolidated on 1 December 2020.

EBITDA is earnings before interest, tax, depreciation and amortisation and other non-cash items.

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ORGANISED CONNECTED DATA

Q1 FY24 FINANCIAL RESULTS

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Record quarterly results with strong momentum

QUARTERLY CUSTOMER RECEIPTS

Q1 FY24 RESULTS[(1)]

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10,000
9,000
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7,000
6,000
5,000
4,000
3,000
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0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 FY24
($A’000)
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• Customer receipts $9.4 million, up 38% over previous corresponding period (pcp)

• Total Income: $9.0 million, up 55% pcp

• Operating cash flows: $1.8 million, up 50% pcp[(2)]

• Cash & cash equivalents as of 30/9/2023: $5.5 million

Customer receipts in Q1’s benefit from the Mt Buller ski rideshare management contract (seasonal in nature). (1) Unaudited figures hence subject to changes. Due to rounding, percentages may not precisely reflect the absolute figures. (2) Q1 FY23 operating cash flows $1.1 million excluding $0.5 million one-off income tax refund.

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ORGANISED CONNECTED DATA

KEY GROWTH STRATEGIES

1. Increase recurring software revenue and extract operating leverage ❖ Contribution from recently awarded SaaS contracts, such as Refuelling Solutions, Northline and Comlink Australia

❖ Convert and build existing pipeline ❖ Realise product integration and cross-selling synergies with Future Fleet ❖ Commercialisation of new innovative technology solutions – e.g. car rental / car pooling management solutions currently in testing phase with Koala Cars

1. Future Fleet: replace 3G telematic devices and upsell solutions ahead of the scheduled 3G network shutdown in 2024

2. Betta Group: Pursue large transport and smart city infrastructure projects 4. Pursue strategic and value-accretive acquisitions

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ORGANISED CONNECTED DATA

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ORCODA’S EQUITY STORY IN SUMMARY

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Smart Integrated Technology Solutions

Assets (Transportation) People (Workforce) Electrification and Infrastructure (Smart Cities)

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Our Vision: to be a leading Smart Cities transport technology solutions provider

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Favourable macro dynamics and large total addressable markets

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

• Benefitting from accelerating technology adoption such as AI and connected cars, expect significant smart-cites and smart roads investments over the next decade

Significant opportunities across transportation, healthcare and resources industry verticals

Market-leading optimisation algorithm in asset logistics and integrated solutions

• Software solutions powered by automated logistics optimisation algorithm, which accounts for a multitude of customizable constraints and real-time data

• Through Future Fleet, provides integrated fleet management solutions to capture and provide realtime data

Complementary transport infrastructure services and electrification expertise

• Through Betta Group, ability to bundle software solutions with installation capabilities to pursue major smart city projects

• Well positioned to benefit from the Government’s budgeted transport infrastructure spend of $110bn over next 10 years and smart transport infrastructure build-out

Robust profitable growth based on recurring revenue and highly scalable model

• Strong revenue growth with substantial recurring revenue stream, sustained profitability and positive operating cash flows generation

• SaaS model is highly scalable

• Strong balance sheet with ~$6.5m available working capital as of September ‘23 quarter end

Experienced management team and Board with proven track record

• Management team has average 25 years of relevant experience and complementary skill-sets

• Strong focus on balancing robust profitable growth vs. positioning for long-term megatrends to create shareholder value

• Proven tack record of delivering organic growth and executing strategic transactions

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ORGANISED CONNECTED DATA

CORPORATE SNAPSHOT

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• Experienced leadership | Long-term shareholders support | Balance Sheet for growth

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Board
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Nicholas Johansen
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Non-Executive Chairman Chair Audit Committee Partner Cozens Johansen Law

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

Rick Polzi

MD Future Fleet

20 years with Future Fleet; Bachelor of Engineering (Electrical)

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Geoffrey Jamieson

Managing Director Member Audit Committee

MD Resource Connect, Ex Merchant banker, 35+ years experience as MD or CFO for ASX listed companies

Geoff Williams

Non-Executive Director

Founder of Betta Group, 20+ years corporate experience

John Lemon

Company Secretary

Qualified solicitor and 20+ years experience as company secretary for ASX-listed and private companies

Jesse Drummond

Chief Technology Officer

Extensive experience in developing enterprise application software and managing cloud solution architecture

Rae Jeffrey GM Betta Group

Ex Ventia Utility Services Central Queensland last 10 years and grew business from $7m p.a. to $31m p.a.

Market information

Share price at 10-Nov-2023 (rounded) $0.29 Shares on issue 169m Market capitalisation $50m Cash and cash equivalents $5.5m

Shareholders > 5% of Issued Shares Geoffrey Williams 9.7% Pronk Holdings Group 8.9% Blamnco Trading and Chembank 6.5% Ravenslea Nominees 6.3% Halcyon United Pty Ltd 5.2% Cameron Richard Pty Ltd 5.1% * Held b current or former em lo ees/directors y p y

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ORGANISED CONNECTED DATA

GEOFF JAMIESON M A N A G I N G D I R E C T O R

www.orcoda.com

This presentation has been authorised by the Orcoda Board of Directors.

Orcoda Limited (ASX: ODA) is a leading provider of integrated smart technology solutions in transport logistics, workforce logistics and transport infrastructure. We are dedicated to optimising our clients' operations, enhancing efficiencies, connectivity and compliance. Our mission is to be our clients’ trusted partner in their digital transformation journey. Our clients include some of Australia's largest companies in the transport logistics, healthcare transport, infrastructure and resources sectors. Our long term vision is to be a leading Smart Cities transport technology solutions provider. 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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