POINTERRA LIMITED

For the Half-Year Ended 31 December 2021

H1 FY22 Highlights

Record New Contract Awards Million for HY1 FY22 A$6.4 + Contractual Upside to A$8.7m

Record Customer Revenue Million for HY1 FY22 A$3.2 H1 FY22 > H1 FY21 104% (A$3.18m > A$1.56m)

Record $ ACV Growth Million US$4.6 47% January 2022 > July 2021 (US$14.40m > US$9.80m)

Cash Receipts from customers Million for H1 FY22 A$3.4 v $1.14 Million for H1 FY21

Pointerra Limited (ASX:3DP, Company or Pointerra) has delivered record growth for the FY22 Half Year, generating step-change improvements across a key range of financial and operational metrics:

Unprecedented level of new contract awards during the half year of at least A$6.4 million, with contractual upside possible to A$8.7 million
Record growth in revenue (A$3.18 million, up 104%) and cash receipts (A$3.4 million, up 199%) from customers for the half year compared to the PCP (Prior Corresponding Period)
Record dollar value growth in ACV (104% or US$4.6 million) from July 2021 to January 2022
Record cash receipts from customers A$3.4 million, unearned revenue A$1.83 million
Continued growth in existing customer spend and new contract award expected during H2 FY22

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Pointerra Limited | ABN 39 078 388 155 Registered Office: Level 4, 216 St Georges Terrace, Perth WA 6000 T +61 8 6268 2622 | F +61 8 6268 2699 | E [email protected] | W pointerra.com

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Appendix 4D

INTERIM FINANCIAL REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

POINTERRA LIMITED ABN 39 078 388 155

1. Company details

ABN or equivalent company reference 39 078 388 155	Financial period ended (‘current period’) 31 December 2021	Financial period ended (‘previous period’)
39 078 388 155	31 December 2021	31 December 2020

2. Results for announcement to the market

2.1.	Revenue	Up	104% to	3,175,970
2.2.	Profit (loss) after tax	Up	140% to	(2,376,530)
2.3.	Net profit (loss) for the period attributable to members	Up	140% to	(2,376,530)
2.4.	Dividends
	It is not proposed to pay dividends.
2.5.	Record date for determining entitlements to the final dividend.			N/A
2.6.	Brief explanation of any of the figures in 2.1 to 2.4 above necessary		to enable the figures to be
	understood.
Please	refer to the attached Interim Financial Report for the Half-Year ended 31		December 2021 for further information.

3. NTA Backing

3. NTA Backing
	Current Period	Previous Corresponding Period
Net tangible asset backing per ordinary security	$0.0022	$0.0042

Pointerra Limited ABN 39 078 388 155

Appendix 4D

HALF YEAR REPORT FOR THE PERIOD ENDED 31 DECEMBER 2021

4. Control gained over entities

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

Date control gained	N/A

5. Dividend Reinvestment Plans

The company does not have a dividend reinvestment plan.

6. Details of associates and joint venture entities

There are no associates or joint venture entities.

7. Statement of compliance in regards to audit

If the accounts are subject to audit dispute or qualification, details are described below

n/a

Sign here: ____ Date: 28 February 2022 Director

Print name: Ian Olson

Pointerra Limited ABN 39 078 388 155

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INTERIM FINANCIAL REPORT
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For the Half-Year Ended 31 December 2021

ABN 39 078 388 155

Corporate Information .................................................................................................................... 1 Directors’ Report ............................................................................................................................... 2 Auditor’s Independence Declaration ........................................................................................... 4 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income ............................................................................................................................................. 5 Condensed Consolidated Statement of Financial Position ........................................................ 6 Condensed Consolidated Statement of Changes in Equity ...................................................... 7 Condensed Consolidated Statement of Cash Flows .................................................................. 8 Notes to the Condensed Financial Statements .......................................................................... 9 Directors' Declaration ................................................................................................................... 15 Independent Auditor's Review Report ........................................................................................ 16

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Corporate Information

Pointerra Limited ABN 39 078 388 155

Directors

Neville Bassett, Non-Executive Chairman Ian Olson, Managing Director Paul Farrell, Non-Executive Director

Company Secretary

Neville Bassett

Registered Office

Level 4, 216 St Georges Terrace Perth, WA 6000

Telephone: +61 8 6268 2622 Facsimile: +61 8 6268 2699

Principal Office

Level 2, 27 Railway Road Subiaco, WA 6008

Internet

Website: www.pointerra.com Email: [email protected]

Auditor

Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco, WA 6008

Share Registry

Advanced Share Registry Services Ltd 110 Stirling Highway Nedlands, WA 6009

Email: [email protected] Telephone: +61 8 9389 8033 Facsimile: +61 8 9262 3723

Solicitors

Steinepreis Paganin Level 4, The Read Buildings 16 Milligan Street Perth, WA 6000 Telephone: +61 8 9321 4000 Facsimile: +61 8 9321 4333

Stock Exchange Listing

Pointerra Limited shares are listed on the Australian Securities Exchange (ASX Code: 3DP)

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Directors’ Report

Your Directors present their report on Pointerra Limited for the half-year ended 31 December 2021.

The names of the directors in office at any time during or since the end of the half-year are:

NAME OF PERSON POSITION DATE APPOINTED Mr Ian Olson Managing Director 30 June 2016 Mr Paul Farrell Non-Executive Director 9 November 2018 Mr Neville Bassett Non-Executive Chairman 30 June 2016 Mr Neville Bassett Company Secretary

Results

The operating loss after income tax for the half-year amounted to $2,376,530 (31 December 2020: $988,557).

Review of Operations

Commentary on the results for the half-year ended 31 December 2021

Record growth in revenue (to A$3.18 million, up 104%) and cash receipts ($3.41 million, up 199%) from customers for the half year compared to the PCP (Prior Corresponding Period)
ACV (Annual Contract Value) at US$14.40 million (January 2022) compared to US$9.80 million (July 2021)
FTE headcount growth and platform development responding to customer needs across target sectors
Continued growth in existing customer spend and new contract award expected during H2 FY22

Revenue, Cash Receipts, ACV Status

During the half year the Company recorded revenue of $3.18 million and customer receipts of $3.41 million compared to the PCP of $1.56 million and $1.14 million respectively.

During the half year ACV grew to US$14.40 million (January 2022) from US$9.80 million (July 2021) and reflects the impact of new customer acquisition coupled with growth in spend by existing customers.

Because each customer has different procurement, onboarding, invoicing and payment requirements following their decision to commit to Pointerra’s platform, the Company previously advised the market that the timing of invoicing, revenue recognition and cash receipts from customers will vary.

As previously advised, both in aggregate and over time, the Company expects that ACV, invoicing, revenue recognition and cash receipts from customers will begin to align as the customer base continues to grow and mature.

Platform Development & Headcount Growth

Pointerra’s cloud platform is continually evolving in response to customer and market demand where we ask two simple questions; what problems are you trying to solve and/or what questions are you trying to answer using 3D data? Specific details of changes and enhancements can be found in the regularly updated release notes on Pointerra’s platform. During the half year, platform development enhancements were delivered across the product portfolio comprising Pointerra3D Core, Pointerra3D Analytics and Pointerra3D Answers.

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2 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Directors’ Report (continued)

The Company continues to pursue a hybrid approach to intellectual property protection, seeking patents over key breakthrough and novel solutions, combined with the use of non-disclosed trade secrets that combine to form the basis of technical and commercial competitive advantage that underpins much of Pointerra’s recent growth in customer acquisition.

During the half year the Company made a number of investments in people across the development and sales teams to provide additional scale in meeting demand for solution development and also address sector sales opportunities in Australia and the US.

Headcount increased to 31 FTE’s during the half year and the Company expects to make additional appointments in coming quarters as the business continues to scale to support improvements in platform capability and customer acquisition.

Outlook - Accelerating Global Expansion

Further scaling the Company’s operations to target growth across target sectors will be accelerated in coming quarters to support growing global demand for Pointerra3D’s solutions, with the following initiatives being undertaken:

Opening Pointerra’s first US office to provide a regional home for the business;
Commencing operations in the UK to service the EMEA region (Europe, Middle East & Africa); and
Pursuing strategic M&A tuck-in acquisitions targeted to add domain knowledge in people and product in the AEC, Transport and Mining, Oil & Gas sectors.

Auditor’s Independence Declaration

The lead auditor’s independence declaration under section 307C of the Corporations Act 2001 is set out on page 4 for the half-year ended 31 December 2021.

This Report is signed in accordance with a resolution of the Board of Directors.

On behalf of the Board of Directors.

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Ian Olson Director

28 February 2022

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Auditor’s Independence Declaration

To the Board of Directors

Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001

As lead audit director for the review of the financial statements of Pointerra Limited for the half year ended 31 December 2021, I declare that to the best of my knowledge and belief, there have been no contraventions of:

the auditor independence requirements of the Corporations Act 2001 in relation to the review; and
any applicable code of professional conduct in relation to the review.

Yours Faithfully,

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HALL CHADWICK WA AUDIT PTY LTD DOUG BELL CA
Director
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Dated in Perth, Western Australia this 28[th] day of February 2022

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income

for the half-year ended 31 December 2021

Note Revenue Other income Interest income Cost of Services Amortisation expense 7 Administrative expenses 3 Advertising and marketing expenses Compliance and regulatory expenses Research and development expenses 4 Other expenses Share-based payment expense 12 Loss before income tax Income tax expense Loss after income tax for the year Other comprehensive income Total comprehensive loss for the period attributable to members of the Group Basic and diluted loss per share (cents per share)	31 December 2021 $ 31 December 2020 $ 3,175,970 1,556,855 66,004 37,500 - 1,145 (453,101) (130,818) (166,958) - (1,741,734) (937,163) (146,148) (4,546) (330,257) (220,603) (1,233,270) (981,827) (510,042) (282,578) (1,015,323) (26,522)
	(2,354,859) (988,557) (21,671) -
	(2,376,530) (988,557) 29,612 45,782 (2,346,918) (942,775)
	(0.3506) (0.1487)

The accompanying notes form part of these condensed financial accounts

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Condensed Consolidated Statement of Financial Position

as at 31 December 2021

Note CURRENT ASSETS Cash and cash equivalents 5 Trade and other receivables 6 Other TOTAL CURRENT ASSETS NON-CURRENT ASSETS Plant and equipment Intangible assets 7 Right of use assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Trade and other payables 8 Lease Liabilities Borrowings Deferred revenue 9 Provisions TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Lease Liabilities Deferred tax liability TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Issued capital 10 Reserves 11 Accumulated losses TOTAL EQUITY	31 December 2021 $ 30 June 2021 $ 4,963,678 5,179,363 811,756 1,085,710 38,931 12,765
	5,814,365 6,277,838
	236,209 204,034 1,443,421 1,584,332 308,466 332,711
	1,988,096 2,121,077
	7,802,461 8,398,915
	1,667,867 1,744,543 81,118 85,228 18,770 - 1,834,507 1,134,275 342,513 229,273
	3,944,775 3,193,319
	288,636 304,951 311,916 311,916
	600,552 616,867
	4,545,327 3,810,186
	3,257,134 4,588,729
	13,782,572 13,782,572 3,555,918 2,510,983 (14,081,356) (11,704,826)
	3,257,134 4,588,729

The accompanying notes form part of these condensed financial accounts

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6 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Condensed Consolidated Statement of Changes in Equity

for the half-year ended 31 December 2021

	Issued	Option	Foreign exchange	Accumulated
	Capital	Reserves	reserve	Losses	Total
	$	$	$	$	$
BALANCE AT 1 JULY 2020	9,175,895	2,255,037	(16,613)	(10,195,494)	1,218,825
Loss for the year	-	-	-	(988,557)	(988,557)
Other comprehensive income	-	-	45,782	-	45,782
Total comprehensive loss for the	-	-	45,782	(988,557)	(942,775)
period
Transactions with owners directly
in equity
Shares issued	2,919,450	-	-	-	2,919,450
Share issue transaction costs	-	-	-	-	-
Share-based payments	-	26,522	-	-	26,522
BALANCE AT 31 December 2020	12,095,345	2,281,559	29,169	(11,184,051)	3,222,022
	Issued	Option	Foreign exchange	Accumulated
	Capital	Reserves	reserve	Losses	Total
	$	$	$	$	$
BALANCE AT 1 JULY 2021	13,782,572	2,490,760	20,223	(11,704,826)	4,588,729
Loss for the year	-	-	-	(2,376,530)	(2,376,530)
Other comprehensive income	-	-	29,612	-	29,612
Total comprehensive loss for the	-	-	29,612	(2,376,530)	(2,346,918)
period
Transactions with owners directly
in equity
Share-based payments	-	1,015,323	-	-	1,015,323
BALANCE AT 31 December 2021	13,782,572	3,506,083	49,835	(14,081,356)	3,257,134

The accompanying notes form part of these condensed financial accounts

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Condensed Consolidated Statement of Cash Flows

for the half-year ended 31 December 2021

Note CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers and employees Interest received Receipts from Government grants and tax incentives Net Cash Used In Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Payments to acquire property, plant and equipment Payments to acquire intangible assets Net Cash Used In Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issues of shares Repayment of borrowings Lease payments Net Cash (Used In) / Provided By Financing Activities Net (decrease) / increase in cash held Effect of movement in exchange rates on cash held Cash and Cash Equivalents at beginning of the period Cash and Cash Equivalents at end of the period 5	31 December 2021 $ 31 December 2020 $ 3,406,840 1,140,893 (3,507,878) (2,446,613) - 1,145 - 565,258
	(101,038) (739,317)
	(83,757) (34,282) (26,047) (13,420)
	(109,804) (47,702)
	- 2,919,450 (18,770) - (19,709) (18,251)
	(38,479) 2,901,199
	(249,321) 2,114,180 33,636 45,782 5,179,363 2,336,873
	4,963,678 4,496,835

The accompanying notes form part of these condensed financial accounts

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8 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Notes to the Condensed Financial Statements

for the half-year ended 31 December 2021

NOTE 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance

The half-year financial report is a general purpose financial report prepared in accordance with the Corporations Act 2001 and AASB 134 Interim Financial Reporting . Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 Interim Financial Reporting . The half-year report does not include notes of the type normally included in an annual financial report and should be read in conjunction with the most recent annual financial report.

The half-year report complies with Australian Accounting Standards – issued by the Australian Accounting Standards Board.

Basis of preparation

The condensed financial statements comprise of the financial statements of Pointerra Limited and its subsidiaries at the reporting date (the “Group”) and have been prepared on the basis of historical cost, except for the revaluation of certain non-current assets and financial instruments. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars, unless otherwise noted.

The accounting policies and methods of computation adopted in the preparation of the half-year financial report are consistent with those adopted and disclosed in the Group’s 2021 annual financial report for the financial year ended 30 June 2021, except for the impact (if any) of the Standards and Interpretations described below. These accounting policies are consistent with Australian Accounting Standards and with International Financial Reporting Standards.

New or amended Accounting Standards and Interpretations adopted

The Group has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period.

Any new of amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

NOTE 2. EVENTS AFTER THE BALANCE SHEET DATE

No matters or circumstances have arisen subsequent to 31 December 2021, which significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Notes to the Condensed Financial Statements

for the half-year ended 31 December 2021

NOTE 3. ADMINISTRATIVE EXPENSES

Accounting and audit fees Consulting and contracting expenses Director fees Employee benefits expense NOTE 4. RESEARCH AND DEVELOPMENT EXPENSES Employee benefits expense Other research and development expenses NOTE 5. CASH AND CASH EQUIVALENTS Cash at bank Deposits on call NOTE 6. TRADE AND OTHER RECEIVABLES CURRENT Trade receivables Provision for doubtful debts R&D tax offset receivable NOTE 7. INTANGIBLE ASSETS At cost Accumulated amortisation Movement in the carrying amounts or intangible assets during the year: Balance at beginning of period Additions (1) Amortisation expense Balance at end of year	31 December 2021 $ 31 December 2020 $ (61,330) (34,117) - (25,000) (54,000) (90,000) (1,626,404) (788,046)
	(1,741,734) (937,163)
	(958,683) (810,112) (274,587) (171,715)
	(1,233,270) (981,827)
	31 December 2021 $ 30 June 2021 $ 4,913,678 5,129,363 50,000 50,000
	4,963,678 5,179,363
	989,149 533,343 (177,393) - - 552,367
	811,756 1,085,710
	1,707,502 1,681,455 (264,081) (97,123) 1,443,421 1,584,332 1,584,332 74,501 26,047 1,534,891 (166,958) (25,060) 1,443,421 1,584,332

Intangible assets consist of patents, website development costs, intellectual property and customer relationships.

(1) The Company acquired US-drone based digital asset management business, Airovant LLC (“Airovant”) on 4 June 2021. On acquisition, $1,511,593 related to intellectual property and customer relationships. The Business Combination has been provisionally accounted for at the reporting date (Note 16).

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10 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Notes to the Condensed Financial Statements

for the half-year ended 31 December 2021

NOTE 8. TRADE AND OTHER PAYABLES

CURRENT Unsecured Liabilities: Trade Payables Sundry creditors and accrued expense GST payable NOTE 9. DEFERRED REVENUE Deferred revenue	477,221 582,283 1,126,769 1,128,248 63,877 34,012
	1,667,867 1,744,543
	1,834,507 1,134,275
	1,834,507 1,134,275

Deferred revenue arises whereby customers are invoiced and/or pay in advance for a multi-period subscription, which is then recognised in line with the performance obligations of the contract.

NOTE 10. ISSUED CAPITAL

677,806,204 (30 June 2021: 677,806,204) fully paid ordinary shares Less: capital raising fees Net issued capital Movements: Opening balance 1 July 2021 Closing balance 31 December 2021	31 December 2021 $ 30 June 2021 $ 15,050,803 15,050,803 (1,268,231) (1,268,231)
	13,782,572 13,782,572
	$ No.
	13,782,572 677,806,204
	13,782,572 677,806,204

Ordinary shares participate in dividends and the proceeds on winding up of the parent entity in proportion to the number of shares held.

At the shareholders’ meetings, each ordinary share is entitled to one vote when a poll is called, otherwise each shareholder has one vote on a show of hands.

NOTE 11. RESERVES

Option Reserves Balance at beginning of period Employee loan shares vesting over multiple periods Performance rights vesting over multiple periods Balance at end of period Foreign Exchange Reserves Balance at beginning of period Foreign currency translation difference Balance at end of period	31 December 2021 $ 30 June 2021 $ 2,490,760 2,255,037 26,522 52,612 988,801 183,111
	3,506,083 2,490,760 20,223 (16,613) 29,612 36,836
	49,835 20,223

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155 11

Notes to the Condensed Financial Statements

for the half-year ended 31 December 2021

Total Reserves

3,555,918 2,510,983

NOTE 12. SHARE-BASED PAYMENTS

Class 2021 Tranche 1 Performance Rights Tranche 2 Performance Rights Tranche 3 Performance Rights Loan Shares Total	Quantity Grant date Value recognised during year Expiry date Exercise price Vesting date Value recognised in future years 2,666,668 01/06/2021 686,667 31/05/2024 n/a 31/05/2022 572,223 2,666,668 01/06/2021 226,600 31/05/2024 n/a 31/05/2023 642,034 2,666,664 01/06/2021 75,534 31/05/2024 n/a 31/05/2024 365,077 8,000,000 988,801 1,579,334 7,000,000 07/05/2020 26,522 06/05/2025 0.06 43,531 15,000,000 1,015,323 1,622,865	Quantity Grant date Value recognised during year Expiry date Exercise price Vesting date Value recognised in future years 2,666,668 01/06/2021 686,667 31/05/2024 n/a 31/05/2022 572,223 2,666,668 01/06/2021 226,600 31/05/2024 n/a 31/05/2023 642,034 2,666,664 01/06/2021 75,534 31/05/2024 n/a 31/05/2024 365,077 8,000,000 988,801 1,579,334 7,000,000 07/05/2020 26,522 06/05/2025 0.06 43,531 15,000,000 1,015,323 1,622,865
		1,579,334
		43,531
		1,622,865

Performance rights

The Company acquired US-drone based digital asset management business, Airovant LLC (“Airovant”) on 4 June 2021. The Company has entered into employment agreements with the four Airovant founder employees. These employment agreements include an offer made pursuant to the Company’s employee incentive share plan for the issue of 2 million ordinary shares in the Company to each of the four Airovant employees (8 million shares in total), with the shares vesting in three equal tranches of 666,667 shares over a three-year period on the anniversary of 1, 2 and 3 years continuous employment with the Company.

Tranche 1: Assigned probability of 100% for satisfaction of vesting condition (1-year continuous employment with the Company).

Tranche 2: Assigned probability of 66% for satisfaction of vesting condition (2-years continuous employment with the Company).

Tranche 3: Assigned probability of 33% for satisfaction of vesting condition (3-years continuous employment with the Company).

Share price on grant date was $0.515.

Employee loan shares

Vesting over multiple periods.

7million loan shares are subject to the following vesting conditions. Conditions shall cease to apply upon the holders remaining continually employed by the Company throughout the vesting period:

One-third on the first anniversary of commencement of employment;
One-third on the second anniversary of commencement of employment; and
One-third on the third anniversary of commencement of employment

For the half year ended 31 December 2021, $1,015,323 (2020: $26,522) was recognised in the consolidated statement of profit and loss and other comprehensive income.

NOTE 13. CONTINGENT LIABILITIES AND ASSETS

The Group has no contingent liabilities or assets at 31 December 2021.

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12 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Notes to the Condensed Financial Statements

for the half-year ended 31 December 2021

NOTE 14. OPERATING SEGMENTS

The Group has two reportable segments:

For the half-year ended 31 December 2021	Australia United States Total
	$ $ $
Segment revenue Segment expenditure Segment result Reconciliation of segment result to Group Loss Share-based payment expense Net loss The following table shows assets by geographical segment Cash and cash equivalents Trade and other receivables Other assets Property, Plant & Equipment Intangible assets Lease - Right to Use Asset Customer Relations - Airovant Segment assets Trade and other payables Loans - 3rd Parties Deferred revenue Provision for Annual Leave Lease liabilities Deferred Tax Liability Segment liabilities
	1,102,798 2,139,176 3,241,974 (2,606,435) (1,996,746) (4,603,181)
	(1,503,637) 142,430 (1,361,207) (1,015,323) (2,376,530)


	2,676,899 2,286,779 21,939 789,481 38,945 322 207,372 28,837 82,987 - 308,466 - - 1,360,434 3,336,608 4,465,853 7,802,461 1,142,761 525,106 18,770 - 415,050 1,419,456 342,513 - 369,754 -
	311,916 -
	2,600,764 1,944,562 4,545,326

NOTE 15. FINANCIAL INSTRUMENTS

The carrying amount of financial assets and liabilities are equal to their fair value based on their short-term nature. No financial assets or liabilities are required to be measured at their fair value on a recurring basis.

NOTE 16. ACQUISITION

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	1,306,677

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155 13

Notes to the Condensed Financial Statements for the half-year ended 31 December 2021

No goodwill was recognised upon acquisition of the business.

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14 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

Directors' Declaration

The directors declare that:

(a) in the directors’ opinion, there are reasonable grounds to believe that the Group will be able to pay its debts as and when they become due and payable; and
(b) in the directors’ opinion, the attached financial statements as at 31 December 2021 and notes thereto are in accordance with the Corporations Act 2001, including compliance with accounting standards and giving a true and fair view of the financial position and performance of the consolidated entity.

This declaration is made in accordance with a resolution of the Directors of Pointerra Limited, made pursuant to s.303(5) of the Corporations Act 2001 .

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Ian Olson Director

28 February 2022

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

INDEPENDENT AUDITOR’S REVIEW REPORT TO THE MEMBERS OF POINTERRA LIMITED

Conclusion

We have reviewed the accompanying half-year financial report of Pointerra Limited (“the Company”) and Controlled Entities (“the Consolidated Entity”) which comprises the condensed consolidated statement of financial position as at 31 December 2021, the condensed consolidated statement of profit or loss and other comprehensive income, condensed consolidated statement of changes in equity and condensed consolidated statement of cash flows for the half-year ended on that date, a summary of significant accounting policies and other selected explanatory notes, and the directors’ declaration.

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Pointerra Limited and Controlled Entities does not comply with the Corporations Act 2001 including:

a. Giving a true and fair view of the Consolidated Entity’s financial position as at 31 December 2021 and of its performance for the half-year ended on that date; and
b. Complying with Accounting Standard AASB 134: Interim Financial Reporting and Corporations Regulations 2001 .

Basis for Conclusion

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We confirm that the independence declaration required by the Corporations Act 2001 which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor’s review report.

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16 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155

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Responsibility of the Directors for the Financial Report

The directors of the Company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such control as the directors determine is necessary to enable the preparation of the half-year financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility for the Review of the Financial Report

Our responsibility is to express a conclusion on the half-year financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including giving a true and fair view of the Consolidated Entity’s financial position as at 31 December 2021 and its performance for the half-year ended on that date, and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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DOUG BELL CACA
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HALL CHADWICK WA AUDIT PTY LTD DOUG BELL CACA Director

Dated in Perth, Western Australia this 28[th] day of February 2022

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INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2021 | POINTERRA LIMITED | ABN 39 078 388 155 17

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ASX:3DP | www.pointerra.com

AI assistant

POINTERRA LIMITED — Interim / Quarterly Report 2022

64255_rns_2022-02-27_7cfe38f3-56ce-4dd1-958f-2f4ceac4a59c.pdf

H1 FY22 Highlights

Pointerra Limited (ASX:3DP, Company or Pointerra) has delivered record growth for the FY22 Half Year, generating step-change improvements across a key range of financial and operational metrics:

Appendix 4D

INTERIM FINANCIAL REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

POINTERRA LIMITED ABN 39 078 388 155

1. Company details

POINTERRA LIMITED

2. Results for announcement to the market

3. NTA Backing

4. Control gained over entities

5. Dividend Reinvestment Plans

6. Details of associates and joint venture entities

7. Statement of compliance in regards to audit

Table of Contents

Corporate Information

Pointerra Limited ABN 39 078 388 155

Directors

Company Secretary

Registered Office

Principal Office

Internet

Auditor

Share Registry

Solicitors

Stock Exchange Listing

Directors’ Report

Results

Review of Operations

Commentary on the results for the half-year ended 31 December 2021

Revenue, Cash Receipts, ACV Status

Platform Development & Headcount Growth

Directors’ Report (continued)

Outlook - Accelerating Global Expansion

Auditor’s Independence Declaration

Auditor’s Independence Declaration

Condensed Consolidated Statement of Financial Position

Condensed Consolidated Statement of Changes in Equity

Condensed Consolidated Statement of Cash Flows

NOTE 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance

Basis of preparation

New or amended Accounting Standards and Interpretations adopted

NOTE 2. EVENTS AFTER THE BALANCE SHEET DATE

NOTE 3. ADMINISTRATIVE EXPENSES

NOTE 8. TRADE AND OTHER PAYABLES

NOTE 10. ISSUED CAPITAL

NOTE 11. RESERVES

Total Reserves

NOTE 12. SHARE-BASED PAYMENTS

Performance rights

Employee loan shares

NOTE 13. CONTINGENT LIABILITIES AND ASSETS

NOTE 14. OPERATING SEGMENTS

NOTE 15. FINANCIAL INSTRUMENTS

NOTE 16. ACQUISITION

Ian Olson Director

INDEPENDENT AUDITOR’S REVIEW REPORT TO THE MEMBERS OF POINTERRA LIMITED

Conclusion

Basis for Conclusion

Responsibility of the Directors for the Financial Report

Auditor’s Responsibility for the Review of the Financial Report

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POINTERRA LIMITED Interim / Quarterly Report 2022