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POINTERRA LIMITED Annual Report 2021

Aug 30, 2021

64255_rns_2021-08-30_a67f99b2-42ea-4313-ace5-4ef784057e4b.pdf

Annual Report

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Full Year Results Presentation For the year ended 30 June 2021

2

ACV Headcount Customer Revenue US$9.8m 29 A$3.98m 241% (2020: US$2.9m) 142% (From 12 to 29) 224% (2020: A$1.23 million) Customer Cash Receipts Underlying EBITDA* Cash Balance A$4.07m -A$1.27m A$5.18m 121% (2020: A$1.84 million) 31% (2020: -A$1.83 million) 121% (2020: A$2.34 million) [*adjusted for share based payments expense]

3

  • Growth across key market sectors plus impact of Airovant acquisition delivered 241% annual growth in ACV and means Pointerra is profitable on an ACV run-rate basis

  • • Headcount growth reflected scaling the R&D and sales teams in Australia & US operations

  • Growth in revenue from customers reflects increased spend by existing customers and new

  • Lower underlying EBITDA loss of A$1.27m (FY21 -A$1.27m v FY20 –A$1.83m) reflects scaling

  • Growth in cash receipts tracks growth in revenue and ACV with these metrics expected to

  • Cash balance of A$5.18m reflects improvement in cash from operations for the full year

  • Pointerra enters FY22 funded for continued organic growth in platform development and

4 FY22 Outlook – further step-change growth expected

  • Continued rollout of Pointerra’s enterprise platform by key US utility customers in July &

  • Pointerra’s digital twin solutions successfully developed for tier-1 mining sector customers

  • New facilities management (FM) paid POC for autonomous vehicle navigation and

• Transport sector MOU signed with leading Australian predictive analytics management company (Advanced Mobility Analytics Group Pty Ltd) to accelerate growth in customer spend across the transport sector in Australia and the US using 2D and 3D data predictive analytics to support safety, operations, management and planning by the transport sector. • CMO role established to support global growth requirements of sales team and support

5

Disclaimer

This presentation has been prepared by Pointerra Limited. ("Pointerra" or the "Company") based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision.

This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in Pointerra, nor does it constitute financial product advice or take into account any individual's investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of Pointerra and conduct its own investigations. Before making an investment decision, investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances. Pointerra is not licensed to provide financial product advice in respect of its securities or any other financial products. Cooling off rights do not apply to the acquisition of Pointerra securities.

Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Pointerra, its officers, directors, employees and agents, nor any other person, accepts any responsibility and liability for the content of this presentation including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of or reliance on any of the information contained in this presentation or otherwise arising in connection with it.

The information presented in this presentation is subject to change without notice and Pointerra does not have any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of this presentation, which may affect any matter referred to in this presentation. The distribution of this presentation may be restricted by law and you should observe any such restrictions.

Forward looking statements

This presentation contains certain forward looking statements that are based on the Company's management's beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of Pointerra to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the political and economic environment in which Pointerra will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast. To the full extent permitted by law, Pointerra and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation).

Pointerra Limited ABN 39 078 388 155 Registered Office: Level 4, 216 St George’s Terrace Perth 6000 Western Australia

Place of Business: Level 2, 27 Railway Road Subiaco 6008 Western Australia +618 6323 6100 [email protected]

Appendix 4E Preliminary final report Year ended 30 June 2021

Rule 4.3A

Appendix 4E

Preliminary final report

Name of entity:

Pointerra Limited

1.
ABN or equivalent company
reference:
39 078 388 155
Reporting period:
Year ended 30 June 2021
Previous corresponding period:
39 078 388 155 Year ended 30 June 2021 Year ended 30 June 2020

2. Results for announcement to the market

$

2.
Results for announcement to the market
$
2.
Results for announcement to the market
$
2.
Results for announcement to the market
$
2.1 Revenue from ordinary activities
2.2 Loss from ordinary activities for the period after
tax attributable to members
2.3 Net loss for the period attributable to members
Up
138%
to
4,574,614
Down
(40%)
to
(1,509,332)
Down
(40%)
to
(1,509,332)
2.4 Dividends Amount per security Franked amount per
security
Final dividend
Interim dividend
Nil
Nil
N/A
**N/A **
2.5 Record date for determining entitlements to the
dividends
N/A
2.6 Brief explanation of any of the figures reported above to enable the figures to be understood:
It is recommended that the Appendix 4E be read in conjunction with the Company’s ASX releases during the
year in accordance with the continuous disclosure obligations under the ASX listing rules as well as the
attached full-year results presentation.
Revenue from ordinary activities includes $3.98m of subscription income from customers as well as $0.55m
Research and Development (R&D) refundable tax offset, resulting from the Company’s continued efforts in
developing its patented (and patent pending) 3D data technology.
Increases in operating expenses during FY21 predominantly driven by staff headcount growth during the
year.
Narrowing of net loss in FY21 relative to the FY20 level reflects growth in revenue outstripping growth in
operating costs as the business continues to scale its operations in Australia and the US.

Page 1

Appendix 4E Preliminary final report Year ended 30 June 2021

3. Consolidated Statement of Profit or Loss and Other Comprehensive Income

Note
Revenue
Other income
Expenses
Cost of services
Administrative expenses (includes salaries)
Advertising and marketing expenses
Compliance and regulatory expenses
Research and development expenses
Share based payment expenses
Other expenses
Loss before income tax
Income tax expense
Loss after income tax for the year
Other comprehensive income for the year
Total comprehensive loss for the year
Net of tax attributable to members of the Company
Loss per share attributable to members of the Company
Basic loss per share (cents)
Diluted lossper share(cents)

Current Period
Previous
Corresponding
Period
30 June 2021
30 June 2020
$
$ 3,983,603
1,228,165
591,011
692,134
(312,155)
(146,093)
(3,125,560)
(1,710,288)
(17,046)
(8,334)
(423,735)
(133,549)
(1,462,279)
(1,213,237)
(235,723)
(690,885)
(507,448)
(543,366)
(1,509,332)
(2,525,453)
-
-
(1,509,332)
(2,525,453)
36,836
(5,300)
(1,472,496)
(2,530,753)
(0.23)
(0.45)
(0.23)
(0.45)

Page 2

Appendix 4E Preliminary final report Year ended 30 June 2021

4. Statement of Financial Position

Note
Current Assets
Cash and cash equivalents
Trade and other receivables
Other
Total Current Assets
Non-Current Assets
Plant and equipment
Other intangible assets
Right of use assets
Total Non-Current Assets
Total Assets
Current Liabilities
Trade and other payables
Lease liabilities
Deferred revenue
Provisions
Total Current Liabilities
Non-Current Liabilities
Deferred tax liability
Lease liabilities
Total Non-Current Liabilities
Total Liabilities
Net Assets
Equity
Issued capital
Reserves
Accumulated losses
Total Equity
Current Period
Previous
Corresponding
Period
30 June 2021
30 June 2020
$
$ 5,179,363
2,336,873
1,051,698
602,990
12,765
41,696
6,243,826
2,981,559
204,034
82,411
1,584,332
74,501
332,711
380,805
2,121,077
537,717
8,364,903
3,519,276
1,710,531
793,317
85,228
81,586
1,134,275
811,210
229,273
268,501
3,159,307
1,954,614
311,916
-
304,951
345,837
616,867
345,837
3,776,174
2,300,451
4,588,729
1,218,825
13,782,572
9,175,895
2,510,983
2,238,424
(11,704,826)
(10,195,494)
4,588,729
1,218,825

Page 3

Appendix 4E Preliminary final report Year ended 30 June 2021

5. Consolidated Statement of Cash Flows



Cash flows from operating activities
Receipts from customers
Payments to suppliers and employees
Interest and other costs of finance paid
Interest received
Government grants and tax incentives
Net cash flows used in operating activities
Cash flows from investing activities
Payments to acquire property, plant and equipment
Payments to acquire intangible and other assets
Net cash flows used in investing activities
Cash flows from financing activities
Proceeds from shares issued
Payment of share issue costs
Lease payments
Net cash flows from financing activities
Net increase in cash and cash equivalents
Effect of movement in exchange rates on cash held
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Current Period
Previous
Corresponding
Period

30 June 2021
30 June 2020

$
$ 4,069,794
1,843,086
(4,885,089)
(3,207,303)
(30,379)
(28,665)
1,146
1,309
590,258
589,167
(254,270)
(802,406)
(108,425)
(60,476)
(28,605)
(36,238)
(137,030)
(96,714)
3,300,000
2,500,000
-
(159,880)
-
(29,761)
3,300,000
2,310,359
2,908,700
1,411,239
(66,210)
(21,702)
2,336,873
947,336
5,179,363
2,336,873

Page 4

Appendix 4E Preliminary final report Year ended 30 June 2021

6. Consolidated Statement of Changes in Equity

Issued capital
Share-based
payment reserve
Foreign exchange
reserve
Accumulated losses
Total
$
$
$
$
$
Balance at 1 July
2019
6,821,694
1,564,152
(11,313)
(7,638,562)
735,971
Loss re-stated –
AASB 16
-
-
-
(31,479)
(31,479)
Loss for the year
-
-
-
(2,525,453)
(2,525,453)
Other
comprehensive
income
-
-
(5,300)
-
(5,300)
Total
comprehensive
loss for the year
-
-
(5,300)
(2,525,453)
(2,530,753)
Transactions with
owners recorded
directly in equity
Shares issued
2,500,000
-
-
-
2,500,000
Share issue
transaction costs
(145,799)
-
-
-
(145,799)
Share-based
payments
-
690,885
-
-
690,885
Balance as at 30
June 2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Balance at 1 July
2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Loss for the year
-
-
-
(1,509,332)
(1,509,332)
Other
comprehensive
income
-
-
36,836
-
36,836
Total
comprehensive
loss for the year
-
-
36,836
(1,509,332)
(1,472,496)
Transactions with
owners recorded
directly in equity
Shares issued
4,606,677
-
-
-
4,606,677
Share issue
transaction costs
-
-
-
-
-
Share-based
payments
-
235,723
-
-
235,723
Balance as at 30
June 2021
13,782,572
2,490,760
20,223
(11,704,826)
4,588,729
Issued capital
Share-based
payment reserve
Foreign exchange
reserve
Accumulated losses
Total
$
$
$
$
$
Balance at 1 July
2019
6,821,694
1,564,152
(11,313)
(7,638,562)
735,971
Loss re-stated –
AASB 16
-
-
-
(31,479)
(31,479)
Loss for the year
-
-
-
(2,525,453)
(2,525,453)
Other
comprehensive
income
-
-
(5,300)
-
(5,300)
Total
comprehensive
loss for the year
-
-
(5,300)
(2,525,453)
(2,530,753)
Transactions with
owners recorded
directly in equity
Shares issued
2,500,000
-
-
-
2,500,000
Share issue
transaction costs
(145,799)
-
-
-
(145,799)
Share-based
payments
-
690,885
-
-
690,885
Balance as at 30
June 2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Balance at 1 July
2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Loss for the year
-
-
-
(1,509,332)
(1,509,332)
Other
comprehensive
income
-
-
36,836
-
36,836
Total
comprehensive
loss for the year
-
-
36,836
(1,509,332)
(1,472,496)
Transactions with
owners recorded
directly in equity
Shares issued
4,606,677
-
-
-
4,606,677
Share issue
transaction costs
-
-
-
-
-
Share-based
payments
-
235,723
-
-
235,723
Balance as at 30
June 2021
13,782,572
2,490,760
20,223
(11,704,826)
4,588,729
Issued capital
Share-based
payment reserve
Foreign exchange
reserve
Accumulated losses
Total
$
$
$
$
$
Balance at 1 July
2019
6,821,694
1,564,152
(11,313)
(7,638,562)
735,971
Loss re-stated –
AASB 16
-
-
-
(31,479)
(31,479)
Loss for the year
-
-
-
(2,525,453)
(2,525,453)
Other
comprehensive
income
-
-
(5,300)
-
(5,300)
Total
comprehensive
loss for the year
-
-
(5,300)
(2,525,453)
(2,530,753)
Transactions with
owners recorded
directly in equity
Shares issued
2,500,000
-
-
-
2,500,000
Share issue
transaction costs
(145,799)
-
-
-
(145,799)
Share-based
payments
-
690,885
-
-
690,885
Balance as at 30
June 2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Balance at 1 July
2020
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
Loss for the year
-
-
-
(1,509,332)
(1,509,332)
Other
comprehensive
income
-
-
36,836
-
36,836
Total
comprehensive
loss for the year
-
-
36,836
(1,509,332)
(1,472,496)
Transactions with
owners recorded
directly in equity
Shares issued
4,606,677
-
-
-
4,606,677
Share issue
transaction costs
-
-
-
-
-
Share-based
payments
-
235,723
-
-
235,723
Balance as at 30
June 2021
13,782,572
2,490,760
20,223
(11,704,826)
4,588,729
Balance at 1 July
2019
Loss re-stated –
AASB 16
Loss for the year
Other
comprehensive
income
Total
comprehensive
loss for the year
Transactions with
owners recorded
directly in equity
Shares issued
Share issue
transaction costs
Share-based
payments
Balance as at 30
June 2020
Balance at 1 July
2020
Loss for the year
Other
comprehensive
income
Total
comprehensive
loss for the year
Transactions with
owners recorded
directly in equity
Shares issued
Share issue
transaction costs
Share-based
payments
Balance as at 30
June 2021
Issued capital
Share-based
payment reserve
Foreign exchange
reserve
Accumulated losses
Total
$
$
$
$
$
6,821,694
1,564,152
(11,313)
(7,638,562)
735,971
-
-
-
(31,479)
(31,479)
-
-
-
(2,525,453)
(2,525,453)
-
-
(5,300)
-
(5,300)
-
-
(5,300)
(2,525,453)
(2,530,753)
2,500,000
-
-
-
2,500,000
(145,799)
-
-
-
(145,799)
-
690,885
-
-
690,885
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
9,175,895
2,255,037
(16,613)
(10,195,494)
1,218,825
-
-
-
(1,509,332)
(1,509,332)
-
-
36,836
-
36,836
-
-
36,836
(1,509,332)
(1,472,496)
4,606,677
-
-
-
4,606,677
-
-
-
-
-
-
235,723
-
-
235,723
13,782,572
2,490,760
20,223
(11,704,826)
4,588,729

Page 5

Appendix 4E Preliminary final report Year ended 30 June 2021

7. Dividends (in the case of a trust, distributions)

Dividends (in the case of a trust, distributions)
Date dividend is payable
Record date to determine entitlements to the dividend
If it is a final dividend, has it been declared?
N/A
N/A
N/A

Amount per security

Amount per
security
Franked
amount per
security at
30% tax
Amount per
security of
foreign source
dividend
Final dividend:
Currentyear
Nil N/A N/A
Interim dividend:
Currentyear
Nil N/A N/A

Total dividend (distribution) per security (interim plus final)

Ordinary securities
Preference securities
Current period Previous Corresponding
Period
N/A
N/A
N/A
N/A

8. Dividend or distribution plans in operation

N/A

The last date(s) for receipt of election notices for the dividend or distribution plans N/A

9. Net tangible asset (NTA) backing

Current Period
Previous
Corresponding
Period
30 June 2021
30 June 2020
$
$
Net tangible asset backing per ordinary security (cents) 0.39
0.12

Page 6

Appendix 4E Preliminary final report Year ended 30 June 2021

10. Control gained over entities having material effect

Name of entity (or group of entities) N/a

Consolidated loss from ordinary activities after tax of the controlled entity (or group of entities) since the date in the current period on which control was acquired

Date from which such loss has been calculated Loss from ordinary activities after tax of the controlled entity (or group of entities) for the whole of the previous corresponding period

N/a N/a N/a

Loss of control of entities having material effect

Name of entity (or group of entities) N/A

Consolidated profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) for the current period to the date of loss of control

Date to which the profit (loss) has been calculated

Consolidated profit (loss) from ordinary activities after tax of the controlled entity (or group of entities) while controlled during the whole of the previous corresponding period

Contribution to consolidated profit (loss) from ordinary activities from sale of interest leading to loss of control

N/A N/A N/A N/A

Page 7

Appendix 4E Preliminary final report Year ended 30 June 2021

11. Material interests in entities which are not controlled entities

The economic entity has an interest (that is material to it) in the following entities. (If the interest was acquired or disposed of during either the current or previous corresponding period, indicate date of acquisition “from dd/mm/yy” or disposal “to dd/mm/yy”)

Name of entity Percentage of ownership interest
held at end of period or date of
disposal
Percentage of ownership interest
held at end of period or date of
disposal
Contribution to net profit (loss)
Equity accounted
associates and joint
venture entities
Current period Previous
corresponding
period
Current period
$
Previous
corresponding
period
$
Total N/A N/A N/A N/A
Other material
interests
Total N/A N/A N/A N/A

12. Significant information

Any other significant information needed by an investor to make an informed assessment of the entity’s financial performance and financial position:

On 4 June 2021 the Company purchased the business assets and undertakings of US drone-based digital asset management business, Airovant LLC (“Airovant”). Pursuant to the Business and Assets Sale Agreement (“the Agreement”), the consideration was USD$1 million which was agreed to be issued in shares using the closing price on execution of the Agreement. The Business Combination has been provisionally accounted for at the reporting date.

Details of the purchase consideration, and the net assets acquired are as follows:

Consideration 2,583,092 ordinaryshares 1,306,677
Plant and equipment 107,000
Intangible assets (intellectual property and
customer relationships)
1,511,593
Deferred tax liability (311,916)
Net Assets acquired 1,306,667

No goodwill was recognised upon acquisition of the business.

13. Foreign entities set of accounting standards used in compiling the report (IAS)

The consolidated financial statements comply with International Financial Reporting Standards (IFRS) adopted by the International Accounting Standards Board (IASB). A statement of significant accounting policies is detailed in the Annual Report which is in the process of being audited.

Page 8

Appendix 4E Preliminary final report Year ended 30 June 2021

14. Commentary on the results for the period

14.1 Earnings per security (EPS)

Current Period
30 June 2021
Previous Corresponding
Period
30 June 2020
Basic EPS (cents per share) (0.23) (0.45)
(0.45)
Diluted EPS(centsper share) (0.23)

14.2 Returns to shareholders (Including distributions and buy backs)

Ordinary securities
Preference securities
Other equity instruments
Total
Current Period
30 June 2021
$
Previous Corresponding
Period
30 June 2020
$
N/A
N/A
**N/A **
N/A
N/A
N/A
**N/A ** N/A

The dividend or distribution plans shown below are in operation.

N/A

The last date(s) for receipt of election notices for the dividend or distribution plans N/A Any other disclosures in relation to dividends (distributions).

N/A

14.3 Significant features of operating performance

N/A

14.4 Segment Information

The Group has only one reportable segment, being the development and commercialisation of its unique 3D geospatial data technology.

14.5 Report on trends in performance

N/A

Page 9

Appendix 4E Preliminary final report Year ended 30 June 2021

  • 14.6 Report any factors which have affected the results during the reporting period or which are likely to affect results in the future, including those where the effect could not be quantified.

N/A

15. Compliance statement

This report is based on accounts to which one of the following applies. (Tick one)

® The accounts have been audited. ® The accounts have been subject to review.

ü The accounts are in the process of ® The accounts have not yet been being audited or subject to review. audited or reviewed.

16. If the accounts have not yet been audited or subject to audit review and are likely to be subject to dispute or qualification, a description of the likely dispute or qualification:

N/A

17. If the accounts have been audited or subject to review and are subject to dispute or qualification, a description of the dispute or qualification:

N/A

Sign here: ............................................................ Date: 31 August 2021 (Director) Print name: Ian Olson

Page 10