PENTANET LIMITED — AGM Information 2021

Nov 22, 2021

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Annual General Meeting – 23 November 2021

Page 2 AGM UPDATE

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DISCLAIMER

IMPORTANT: You must read the following before continuing.

The information contained in this presentation is confidential any you must not disclose it to any other person without the Company’s prior consent. Summary information in relation to Pentanet Limited.

This presentation contains summary information about Pentanet Limited (ACN 617 506 279) (“Company”), its subsidiaries and their activities which is current as at the date of this presentation, unless otherwise indicated. The information in this presentation remains subject to change without notice, and the Company is not responsible for updating, nor does it undertake to update, it.

Industry data - Certain market and industry data used in connection with or referenced in this presentation, including in relation to other companies in the Company’s peer group, may have been obtained from public filings, research, surveys or studies made or conducted by third parties, including as published in industry-specific or general publications. Neither the Company nor its advisors or their respective representatives, have independently verified any such market or industry data.

Not financial product advice - This presentation, and the information provided in it, does not constitute, and is not intended to constitute, investment or financial product advice (nor tax, accounting or legal advice). This presentation should not be relied upon as advice to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. Any investment decision should be made based solely upon appropriate due diligence. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction. Recipients of this presentation are advised to consult their own professional advisers. An investment in the Company is subject to significant risks, both known and unknown and including (without limitation) risks of loss of income and capital. A number of risks are beyond the control of the Company.

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Investment risk - As noted above, an investment in the Company’s securities is subject to investment and other known and unknown risks, a number of which are beyond the control of the Company. The Company (nor its related bodies corporate) does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital from the Company or any particular tax treatment. Prospective investors should make their own enquiries and investigations regarding all information in this presentation, including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of the Company and the impact that different future outcomes may have on the Company.

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Page 3 AGM UPDATE

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FINANCIAL HIGHLIGHTS FY21

TOTAL SUBSCRIBERS

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FY19 2,216
FY20 7,040
FY21
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On-net
customers 43%
in Q4FY21
12,486 77% 0.82% $91
YoY Churn ARPU
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GROSS MARGINS

REVENUE & GROSS PROFIT

UNDERLYING EBITDA

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16% 18% 83% 118% $10.9M 132% 153%
YoY YoY YoY YoY YoY
$9.5M
69%
43% $5M
37%
$4.7M
$4.1M
25%
22%
$1.8M $1.9M
$1.3M
$0.4M
FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21
GROSS MARGIN FIXED WIRELESS GROSS MARGIN TOTAL SALES REVENUE RECURRING REVENUE GROSS PROFIT
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13%
YoY
FY19 FY20 FY21
($1.4M)
($2.4M)
($2.8M)
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EBITDA is a financial measure which is not prescribed by Australian Accounting Standard (‘AAS’) and represents the profit under AAS adjusted for depreciation, amortisation, interest and tax. Underlying EBITDA is EBITDA adjusted to exclude share-based payments, options exercised on behalf of employees and IPO cost.

Gross Profit Margin is a measure of profitability that shows the percentage of revenue that exceeds the cost of goods sold (COGS). Cost of goods sold consist of network, carrier and hardware expenses.

Page 4 AGM UPDATE

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We continue to evolve and deploy the next-generation of the Pentanet wireless network, neXus . Combining the power of both 5G mmWave and Terragraph technology, our on-net wireless network will be multi-gigabit capable and significantly increases scale and coverage across Perth.

neXus infrastructure

now covers 100 sqkm on the road to commercialisation.

Terragraph

5G mmWave

Range: 250m Speed: Multi-gigabit (Gbps)

Range: 5km Speed: Up to 400Mbps

L O A D I N G . . .

The deployment of neXus has attracted the attention of industry leaders Cambium Networks and Facebook who invited Pentanet founder & managing director Stephen Cornish to appear as a panellist on their respective conferences on wireless connectivity.

• Cambium Connections Asia-Pacific discussing Pentanet 60GHz Case Study

• Facebook Inside the Lab: Connectivity APAC Roundtable with Facebook’s VP of Engineering

• Goldman Sachs Fifth Annual Emerging Technology Conference

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Page 5

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Access

Session Times

NVIDIA RTX

WE’RE EXCLUSIVE

The Australian commercial launch enacted our initial exclusivity period for GeForce NOW in Australia.

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36,000+
UNIQUE ACTIVE
USERS AS AT
23 NOVEMBER 2021
12,000+
UNIQUE ACTIVE USERS
AT LAUNCH ON 19
OCTOBER 2021
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Page 6 AGM UPDATE

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Following a global appearance at MSI mid-year, Pentanet.GG continues to achieve great heights in the regional tournament, League of Legends Circuit Oceania (LCO). Our team placed 1[st] for Split 1 and 2[nd] for Split 2 2021.

Current Sponsors

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Total Q12022 revenue

We welcome NatChats as our latest content creator

Brand deals delivered

Pentanet.GG revenue streams for the 2021 season are comprised of competition prize pools, royalties from in – client sales and sponsorships.

LCO 2021: Total views

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Total views across LCO season
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Split 1 1.1M
Split 2 2.3M
LCO 2021: Peak views (average)
Peak views (average) across LCO season
Split 1 3.5K
Split 2 5.0K
LCO 2021: Time watched (years)
Time watched (years) across LCO season
Split 1 22.8 years
Split 2 52.8 years
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LCO 2021: Peak views (average)

LCO 2021: Time watched (years)

Page 7 AGM UPDATE

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OPERATIONAL TECH TREE

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supply
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Page 8 AGM UPDATE

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ONGOING STRATEGY (continues)

INCREASE MARGINS $

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EXPAND NETWORK INCREASING POTENTIAL MARKET

GROW OUR SUBSCRIBER BASE

• ⬟ Attract more off-net subscribers to higher margin on-net services

• ⬟ Deployment of large-scale mmWave wireless telecommunications network

⬟ Introduce new technology to increase on-net coverage

• ⬟ Diversify product offering (VOIP, consumer electronics)

⬟ Deliver high-quality customer experience

• ⬟ Increase available speeds to 1Gbps for more fixed wireless customers

• ⬟ NVIDIA GeForce NOW Alliance Member bringing cloud gaming service to Australia

⬟ Limit churn

• ⬟ Customers become advocates

• ⬟ Line of sight to tower no longer required for every subscriber

• ⬟ Continue development of premium brand for alignment to speed and quality

• ⬟ Competitive service offering

⬟ Increase market penetration with greater fixed wireless coverage across Perth metro area

⬟ Targeted marketing and media strategy

THANK YOU

2/8 Corbusier Place Balcatta WA

+61 8 9466 2672 investors@pentanet.com.au

pentanet.com.au/investor-centre ASX: 5GG

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