PENTANET LIMITED — Investor Presentation 2021

Jul 28, 2021

5GG Investors Presentation Q4 2021

For the Euroz Hartleys – Emerging Iconic Western Australian Brands

Page 2 Q4 FY21 Report

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IMPORTANT: You must read the following before continuing.

DISCLAIMER

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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Any forward-looking statements are also based on assumptions and contingencies which are subject to change without notice and which may ultimately prove to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions. Investors should consider the forward-looking statements contained in this presentation in light of those disclosures and not place reliance on such statements. The forward-looking statements in this presentation are not guarantees or predictions of future performance and may involve significant elements of subjective judgment, assumptions as to future events that may not be correct, known and unknown risks, uncertainties and other factors, many of which are outside the control of the Company. As a result, there can be no assurance that actual outcomes will not materially differ from these forward-looking statements. The forward-looking statements are based on information available to the Company as at the date of this presentation. Except as required by law or regulation, the Company undertakes no obligation to provide any additional or updated information or update any forward-looking statements, whether as a result of new information, future events or results or otherwise.

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To the maximum extent permitted by law, the Relevant Parties make no representation or warranty (express or implied) as to the fairness, accuracy, reliability, currency, reasonableness or completeness of the contents of this presentation or any other information (whether written or verbal) that the Relevant Parties otherwise provide to the recipient. The recipient may not rely on the contents of the presentation or any information in it in making any decision to invest or acquire an interest in the Company or its assets. To the maximum extent permitted by law, the Relevant Parties are not liable for any direct, indirect or consequential loss or damage suffered (whether foreseeable or not) by any person (whether arising from negligence or otherwise) as a result of relying on this presentation or the information in it, any errors therein or omissions therefrom, or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company, or otherwise in connection with this presentation or the information in it.

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 Q4 FY21 Report

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TOTAL SUBSCRIBERS

FINANCIAL HIGHLIGHTS Q4 FY21

GROSS MARGINS

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Q1 FY21 8,386
Q2 FY21 9,538
Q3 FY21 10,993
Q4 FY21 12,486
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REVENUE & GROSS PROFIT

On-net customers 43% in Q4FY21

77% 15% YoY Fixed Wireless net new subscribers (QoQ) 0.82% $91 Churn ARPU

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2% 2% 14% 15% 16%
QoQ QoQ QoQ QoQ QoQ UNDERLYING EBITDA
16% 18% 118% 132% 153%
YoY YoY YoY $3.3M YoY YoY 17%
85% 86% YoY
79% 81% $2.9M $2.9M FY20 FY21 EBITDA is a financial
measure which is not
$2.5M $2.5M prescribed by Australian
Accounting Standard (‘AAS’)
$2.3M and represents the profit
$2.2M under AAS adjusted for
depreciation, amortisation,
$1.9M interest and tax. Underlying
EBITDA is EBITDA adjusted
45% 46% to exclude share-based
40% 42% $1.50M payments, options exercised on behalf of employees and
$1.30M IPO cost.
$1.05M Gross Profit Margin is a
$0.90M measure of profitability that
shows the percentage of
revenue that exceeds the
cost of goods sold (COGS).
Cost of goods sold consist of
-$2.3M network, carrier and
hardware expenses.
Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY21 Q2 FY21 Q 3FY21 Q4 FY21 -$2.8M
GROSS MARGIN FIXED WIRELESS GROSS MARGIN TOTAL SALES REVENUE RECURRING REVENUE GROSS PROFIT
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Page 4 Q4 FY21 Report

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OPERATIONAL TECH TREE

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What is this?

Doing these remotely now, thanks Gladys.

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Page 5 Q4 FY21 Report

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The real-world deployment of our design in the field has so far delivered last-mile speeds of 1-2 Gbps to the multiple mesh points, now reaching more than 3km from the nearest backhaul tower site.

Network re-routes to subscriber in a resilient mesh design

Obstructions will prevent a customer from connecting to the network.

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Page 6 Q4 FY21 Report

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ONGOING STRATEGY

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EXPAND NETWORK INCREASING POTENTIAL MARKET

GROW OUR SUBSCRIBER BASE

• ⬟ Deployment of large-scale mmWave wireless

⬟ Introduce new technology to increase on-net coverage

telecommunications network

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

⬟ Deliver high-quality customer experience

⬟ Limit churn

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

• ⬟ Customers become advocates

• ⬟ Competitive service offering

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

⬟ Targeted marketing and media strategy

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INCREASE MARGINS $

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

• ⬟ Diversify product offering (VOIP, consumer electronics)

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

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

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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