POINTERRA LIMITED — Annual Report 2023

Aug 30, 2023

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Digital Twins

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Full Year Preliminary Results Presentation For the year ended 30 June 2023

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Pointerra3D – A High-Growth SaaS Company

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Answers Process
Insights
Classify
Analyse
Store
Visualize Manage
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Pointerra3D – the world’s fastest true end-to-end

digital twin solution, leveraging proprietary patented algorithms and technology via an innovative and unique cloud subscription business model.

Pointerra3D helps customers answer almost any physical asset management question, solving numerous traditional 3D digital twin data workflow problems when seeking to plan, design, construct, own, operate, insure and regulate the physical world around us.

Pointerra3D’s digital twin solution stores, processes, manages, analyses, extracts, visualises and shares the key insights from massive 3D datasets at a level of speed, smarts and scale that is unprecedented.

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A Unique Digital Twin SaaS Business Model

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Pointerra3D ANSWERS delivers predictive digital insights and definitive answers to complex physical asset management questions via simple, easy to use business intelligence interfaces. Pointerra3D ANALYTICS uses AI analytics to build digital twins, enabling intelligent, dynamic analysis of physical assets. Pointerra3D CORE is a cloud platform providing solutions to the most common digital twin data workflow problems.

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Pointerra’s Self-Funding Growth Strategy

Continue to work with customers, prospects and partners to identify problematic and clumsy desktop digital twin workflows that can be migrated to the cloud, building out Pointerra3D Analytics and Answers

Leverage the Company’s proven success in the power utility sector to provide a pathway for growth across other key target market sectors.

Identify and on-board quality people in development, product and business development across Pointerra’s six key target market sectors.

Retain a disciplined focus on scaling sticky, recurring SaaS ACV, revenue and cashflow so that the resulting operational leverage can drive sustainable profitability.

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FY23 Year in Review

Customer Cash Receipts Customer Invoicing Reported Revenue A$9.4m A$8.8m A$8.3m 21% (2022: A$7.8m) 12% (2022: A$10.0 million) 22% (2022: A$10.7 million) Deferred Revenue Receivables FY24 YTD Cash Inflows A$2.7m A$2.7m A$4.7m 108% (2022: A$1.3 million) 23% (2022: A$3.5 million) (All sources including Cap Raise )

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FY23 Highlights – Consolidation & Platform for Growth

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Record Cash Receipts

FY23 cash receipts A$9.4 million, up 21% on FY22 despite enterprise customer program delays experienced during FY23 H2 FY23 Operating Result Improvement v H1 FY23

H2 FY23 EBITDA loss A$1.2 million, improvement of 61% over H1 FY22 result highlights focused cost constraint Sector Expansion Diversifies Customer Concentration Risk

Enterprise customer revenue growth generated across transport, mining, oil & gas sectors while power utility customer programs were delayed

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Platform & Product Development Growth

Continued investment in customer-driven R&D across multiple sectors provides impetus for continued growth in platform spend by customers

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New Customers - Competitive Tender & Organic Sales Success

New enterprise customer acquisition through competitive tender and process-driven sales activities demonstrating sustainable competitive advantage of Pointerra3D

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Existing Customers Renew & Grow Spend

Existing enterprise customers continue to re-commit to Pointerra3D and grow their platform spend, underlining scalability of revenue model

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FY24 Outlook – Growth Trajectory Resumes

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US Energy Utility Program Delays Expected to Resolve

Key US energy utility sector growth trajectory expected to resume in FY24 as program delays that impacted FY23 results are resolved

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Emerging US Energy Utility CAPEX Programs

Targeted (customer driven) platform development activities focused on improving timing and cost efficiency of emerging US energy utility CAPEX programs already yielding results with work won and new opportunities accelerating

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Global Mining, Oil & Gas Sector Growth

Existing and new Tier-1 customers expected to grow their spend across Pointerra3D Core and Analytics as the adoption of Digital Twin solutions becomes operationalised to drive construction, production, safety and compliance outcomes Laser Focus on Profitability and Cashflow Positive Operations

Expected return to cashflow positive operations following resolution of program delays

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ACV Reporting

Company to look to move from ACV reporting to ARR as a more suitable SaaS reporting measure

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Funded to execute strategic growth initiatives

Accelerating the recruitment of senior business development resources in the Company’s key US market, targeting the recent surge in domestic investment in civil infrastructure assets across the power, water, road and rail sectors, capitalising on the surge in demand for digital twin solutions like Pointerra3D.

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Disclaimer

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 consider 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).

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Digital Twins

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Pointerra Limited

ABN

39 078 388 155

Registered Office:

Level 4, 216 St George’s Terrace Perth 6000 Western Australia Principal Place of Business: Level 2, 27 Railway Road Subiaco 6008 Western Australia Contact:

+618 6323 6100

info@pointerra.com

Appendix 4E Preliminary final report Year ended 30 June 2023

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 2023	Previous corresponding period:
39 078 388 155	Year ended 30 June 2023	Year ended 30 June 2022

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	Down 22% to 8,351,538 Up 67% to (4,468,338) Up 70% to (4,504,839)
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 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. Revenue from ordinary activities includes A$7.3 million of subscription income by paying customers as well as A$1 million Research and Development (R&D) refundable tax offset. Receipts from customers increased by 21% to A$9.4 million. Short-term US energy utility customer program delays impacted work commencement, invoicing, and cash collection in FY23. A$1.8 million was received from customers in July 2023. Loss from ordinary activities for the period includes depreciation and amortisation expense of A$0.17million and share-based payment expense credit of A$0.39 million.

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Appendix 4E Preliminary final report Year ended 30 June 2023

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

	Revenue Other income Expenses Cost of platform services Cost of non-recurring project services Employee benefits expense Administrative expenses Advertising and marketing expenses Compliance and regulatory expenses Research and development expenses Share-based payment expenses Impairment expense Depreciation and amortisation expenses Other expenses Loss before income tax Income tax expense Loss after income tax for the year Other comprehensive income for the year Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations 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)	Reporting Period Previous Corresponding Period 30 June 2023 30 June 2022 $ $ 7,331,188 9,801,575 1,020,349 858,531 (959,753) (470,179) (2,187,766) (1,230,912) (5,403,250) (4,997,620) (160,060) (294,056) (229,784) (222,080) (559,838) (567,764) (2,033,476) (1,463,001) 385,499 (1,302,448) - (1,360,434) (170,728) (278,447) (1,500,719) (1,436,827)
		(4,468,338) (2,963,662) - 290,063
		(4,468,338) (2,673,599) (36,501) 17,285
		(4,504,839) (2,656,314)
		(0.66) (0.39) (0.66) (0.39)

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Appendix 4E Preliminary final report Year ended 30 June 2023

4. Consolidated Statement of Financial Position

	Note Current Assets Cash and cash equivalents Trade and other receivables Other assets Total Current Assets Non-Current Assets Plant and equipment 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 Lease liabilities Provisions Total Non-Current Liabilities Total Liabilities Net Assets/(Liabilities) Equity Issued capital Reserves Accumulated losses Total Equity	Reporting Period Previous Corresponding Period 30 June 2023 30 June 2022 $ $ 1,491,823 3,596,423 2,722,715 3,501,614 68,985 8,340
		4,283,523 7,106,377
		101,421 182,704 59,854 77,669 237,221 284,616
		398,496 544,989
		4,682,019 7,651,366
		2,615,012 2,231,547 81,092 64,263 2,712,339 1,287,491 639,089 406,619
		6,047,532 3,989,920
		215,789 284,318 - 88,092
		215,789 372,410
		6,263,321 4,362,330
		(1,581,302) 3,289,036
		13,856,745 13,836,745 3,408,716 3,830,716 (18,846,763) (14,378,425)
		(1,581,302) 3,289,036

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Appendix 4E Preliminary final report Year ended 30 June 2023

5. Consolidated Statement of Cash Flows

	Cash flows from operating activities Proceeds from customers Payments to suppliers and employees Interest paid Interest received Government tax incentives received Net cash flows used in operating activities Cash flows from investing activities Payments to acquire property, plant and equipment Payments to acquire intangible assets Net cash flows used in investing activities Cash flows from financing activities Proceed from loan shares Payments for lease payments Net cash used in financing activities Net (decrease) 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	Reporting Period Previous Corresponding Period 30 June 2023 30 June 2022 $ $ 9,378,005 7,753,581 (12,322,268) (9,908,200) - (56,177) 525 - 922,224 618,371
		(2,021,514) (1,592,425)
		(14,072) (74,032) (10,306) (36,527)
		(24,378) (110,559)
		- 54,173 (51,700) (61,586)
		(51,700) (7,413)
		(2,097,592) (1,710,397) (7,008) 127,457 3,596,423 5,179,363
		1,491,823 3,596,423

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Appendix 4E Preliminary final report Year ended 30 June 2023

6. Consolidated Statement of Changes in Equity

Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance 1 July 2021 13,782,572 2,490,760 20,223 (11,704,826) 4,588,729 Loss for the year - - - (2,673,599) (2,673,599) Other comprehensive income for the year - - 17,285 - 17,285 Total comprehensive loss for the year - - 17,285 (2,673,599) (2,656,314) Transactions with owners recorded directly in equity Proceeds from loan shares 54,173 - - - 54,173 Share issue costs - - - - - Share-based payments - 1,302,448 - - 1,302,448 Balance 30 June 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Balance 1 July 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Loss for the year - - - (4,468,338) (4,468,338) Other comprehensive income - - (36,501) - (36,501) Total comprehensive loss for the year - - (36,501) (4,468,338) (4,504,839) Transactions with owners recorded directly in equity Shares in lieu of services received 20,000 - - - 20,000 Share issue costs - - - - - Share-based payments - (385,499) - - (385,499) Balance 30 June 2023 13,856,745 3,407,709 1,007 (18,846,763) (1,581,302)	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance 1 July 2021 13,782,572 2,490,760 20,223 (11,704,826) 4,588,729 Loss for the year - - - (2,673,599) (2,673,599) Other comprehensive income for the year - - 17,285 - 17,285 Total comprehensive loss for the year - - 17,285 (2,673,599) (2,656,314) Transactions with owners recorded directly in equity Proceeds from loan shares 54,173 - - - 54,173 Share issue costs - - - - - Share-based payments - 1,302,448 - - 1,302,448 Balance 30 June 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Balance 1 July 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Loss for the year - - - (4,468,338) (4,468,338) Other comprehensive income - - (36,501) - (36,501) Total comprehensive loss for the year - - (36,501) (4,468,338) (4,504,839) Transactions with owners recorded directly in equity Shares in lieu of services received 20,000 - - - 20,000 Share issue costs - - - - - Share-based payments - (385,499) - - (385,499) Balance 30 June 2023 13,856,745 3,407,709 1,007 (18,846,763) (1,581,302)	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ Balance 1 July 2021 13,782,572 2,490,760 20,223 (11,704,826) 4,588,729 Loss for the year - - - (2,673,599) (2,673,599) Other comprehensive income for the year - - 17,285 - 17,285 Total comprehensive loss for the year - - 17,285 (2,673,599) (2,656,314) Transactions with owners recorded directly in equity Proceeds from loan shares 54,173 - - - 54,173 Share issue costs - - - - - Share-based payments - 1,302,448 - - 1,302,448 Balance 30 June 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Balance 1 July 2022 13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 Loss for the year - - - (4,468,338) (4,468,338) Other comprehensive income - - (36,501) - (36,501) Total comprehensive loss for the year - - (36,501) (4,468,338) (4,504,839) Transactions with owners recorded directly in equity Shares in lieu of services received 20,000 - - - 20,000 Share issue costs - - - - - Share-based payments - (385,499) - - (385,499) Balance 30 June 2023 13,856,745 3,407,709 1,007 (18,846,763) (1,581,302)
	Balance 1 July 2021 Loss for the year Other comprehensive income for the year Total comprehensive loss for the year Transactions with owners recorded directly in equity Proceeds from loan shares Share issue costs Share-based payments Balance 30 June 2022 Balance 1 July 2022 Loss for the year Other comprehensive income Total comprehensive loss for the year Transactions with owners recorded directly in equity Shares in lieu of services received Share issue costs Share-based payments Balance 30 June 2023	Issued capital Share-based payment reserve Foreign exchange reserve Accumulated losses Total $ $ $ $ $ 13,782,572 2,490,760 20,223 (11,704,826) 4,588,729 - - - (2,673,599) (2,673,599) - - 17,285 - 17,285
		- - 17,285 (2,673,599) (2,656,314) 54,173 - - - 54,173 - - - - - - 1,302,448 - - 1,302,448
		13,836,745 3,793,208 37,508 (14,378,425) 3,289,036
		13,836,745 3,793,208 37,508 (14,378,425) 3,289,036 - - - (4,468,338) (4,468,338) - - (36,501) - (36,501)
		- - (36,501) (4,468,338) (4,504,839) 20,000 - - - 20,000 - - - - - - (385,499) - - (385,499)
		13,856,745 3,407,709 1,007 (18,846,763) (1,581,302)

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Appendix 4E Preliminary final report Year ended 30 June 2023

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: Reporting period	Nil	N/A	N/A
Interim dividend: Reporting period	Nil	N/A	N/A

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

Ordinary securities Preference securities	Reporting 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

	Reporting Period Previous Corresponding Period 30 June 2023 30 June 2022
Net tangible asset backing per ordinary security (cents)	0.24 0.39

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Appendix 4E Preliminary final report Year ended 30 June 2023

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

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Appendix 4E Preliminary final report Year ended 30 June 2023

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	Reporting period	Previous corresponding period	Reporting 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:

Since the end of the financial year the Company completed a Placement with existing and new institutional, professional, and sophisticated investors for 16,666,667 new fully paid ordinary shares in at a price of $0.12 each, raising $2 million before costs.

The Placement was undertaken in conjunction with a non-underwritten Share Purchase Plan (SPP) which gives existing eligible shareholders with a registered address in Australia or New Zealand the opportunity to subscribe for new shares at a price of $0.12 each up to an additional $1.5 million (before costs). Applications and payment must be received by 5.00pm (Perth time) on Wednesday 13th September 2023 with proposed issue of SPP shares on Wednesday 20th September 2023.

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 to be detailed in the Annual Report which is in the process of being audited.

14. Commentary on the results for the period

14.1 Earnings per security (EPS)

	Reporting Period 30 June 2023	Previous Corresponding Period 30 June 2022
Basic EPS (cents per share)	(0.66)	(0.39) (0.39)
Diluted EPS(centsper share)	(0.66)

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Appendix 4E Preliminary final report Year ended 30 June 2023

14.2 Returns to shareholders (Including distributions and buy backs)

Ordinary securities Preference securities Other equity instruments Total	Reporting Period 30 June 2023 $	Previous Corresponding Period 30 June 2022 $
	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 two reportable segments, being the development and commercialisation of its unique 3D geospatial data technology in Australia and United States.

14.5 Report on trends in performance

N/A

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Appendix 4E Preliminary final report Year ended 30 June 2023

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

18. Any other information

During the reporting period, line items of previous corresponding period in the Consolidated Statement of Profit or Loss and Other Comprehensive Income have been reclassified to be more aligned with nature of expense and enhance comparability of information including: A$790,255 from administrative expenses to cost of project services; and reallocation from cost of services of A$910,837 to cost of project services A$440,658 and cost of platform services $470,179. The reclassification did not impact the Company's net Profit or Loss and Other Comprehensive Income for the previous corresponding period.

Sign here: ............................................................ Date: 31 August 2023 (Director)

Print name: Ian Olson

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