Rakon Limited — AGM Information 2017

Aug 17, 2017

Rakon Limited 2017 Annual Shareholders’ Meeting

==> picture [154 x 34] intentionally omitted <==

==> picture [252 x 25] intentionally omitted <==

----- Start of picture text -----

Enabling Connectivity
----- End of picture text -----

©2015 Rakon Limited ©2017 Rakon Limited

ASM 17 Aug17 A u st 2017gust 2017

1

Agenda

Welcome & Introduction Meeting Order & Process Chairperson’s Address Chief Executive’s Review Shareholder Questions

==> picture [10 x 12] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

==> picture [10 x 12] intentionally omitted <==

==> picture [10 x 12] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

• 2017 Annual Report

Ordinary Business and Resolutions

==> picture [10 x 12] intentionally omitted <==

• Resolutions

• Election of Directors

==> picture [120 x 120] intentionally omitted <==

==> picture [124 x 124] intentionally omitted <==

==> picture [154 x 34] intentionally omitted <==

Bryan Mogridge Chairperson

Brent Robinson Chief Executive

• Auditor’s Remuneration

==> picture [10 x 12] intentionally omitted <==

==> picture [10 x 12] intentionally omitted <==

General Business Meeting Close

ASM 17 August 2017

2

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

A. Chairperson’s Address Bryan Mogridge

ASM 17 August 2017

3

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

B. Chief Executive’s Review Brent Robinson

ASM 17 August 2017

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

4
----- End of picture text -----

Chief Executive’s Review

2017: A Significant Year

Rakon 50 years in Business Structural Changes to Ownership and Operations Siward: Fresh Capital, Increased Scale and Scope Thinxtra: Early Success, Strong Prospects Restructures and Write-downs

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 12] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

==> picture [154 x 34] intentionally omitted <==

==> picture [115 x 115] intentionally omitted <==

==> picture [144 x 47] intentionally omitted <==

==> picture [180 x 93] intentionally omitted <==

==> picture [114 x 115] intentionally omitted <==

ASM 17 August 2017

Icons: Flaticon

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

5
----- End of picture text -----

Chief Executive’s Review

FY2017, Financial Snapshot

Net Loss: NZ$13.6 million

==> picture [11 x 13] intentionally omitted <==

 One off costs majority of Net Loss Positive Operating Cash Flow; Reduced Debt Underlying EBITDA NZ$4 million (In Line with Forecast)

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

• Deferral in Telecom spend

• PND market decline

Improved Fourth Quarter

==> picture [11 x 12] intentionally omitted <==

• Higher productivity

==> picture [93 x 93] intentionally omitted <==

----- Start of picture text -----

NZ$(13.6m)
▼ > 100%
----- End of picture text -----

==> picture [93 x 93] intentionally omitted <==

----- Start of picture text -----

NZ$4.5m
▼64%
----- End of picture text -----

==> picture [93 x 93] intentionally omitted <==

----- Start of picture text -----

NZ$4.0m
▼55%
----- End of picture text -----

==> picture [93 x 93] intentionally omitted <==

----- Start of picture text -----

▲
----- End of picture text -----

==> picture [154 x 34] intentionally omitted <==

Net Loss

Net Debt

Underlying EBITDA

==> picture [175 x 63] intentionally omitted <==

----- Start of picture text -----

Q4
----- End of picture text -----

ASM 17 August 2017

6

Chief Executive’s Review

FY2018, The Year to Date

Revenue and Underlying EBITDA Improved Good Uptake of New Products

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

• Higher margins from NZ

• Our challenge remains capturing opportunities out of Centum Rakon India

Strong Operating Cash Flow; Further Debt Reduction

==> picture [11 x 12] intentionally omitted <==

Space & Defence: Continued Growth Telecommunications: Stabilised Global Positioning: New Opportunities

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 12] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

==> picture [154 x 34] intentionally omitted <==

▲ Underlying EBITDA

▲ Revenue EBITDA ▲ Operating ▼ Debt Cash Flow

==> picture [84 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

==> picture [85 x 88] intentionally omitted <==

==> picture [85 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

==> picture [85 x 88] intentionally omitted <==

==> picture [85 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

==> picture [85 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

==> picture [84 x 88] intentionally omitted <==

Images: Adobe Stock

ASM 17 August 2017

7

Chief Executive’s Review

==> picture [154 x 34] intentionally omitted <==

==> picture [708 x 74] intentionally omitted <==

==> picture [336 x 377] intentionally omitted <==

==> picture [360 x 373] intentionally omitted <==

ASM 17 August 2017

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

8
----- End of picture text -----

Chief Executive’s Review

==> picture [154 x 34] intentionally omitted <==

Leveraging Opportunities

==> picture [11 x 13] intentionally omitted <==

Siward Partnership

• Broader product offering, complementary products

==> picture [125 x 104] intentionally omitted <==

• Greater scale gives scope to increase business

==> picture [11 x 13] intentionally omitted <==

Time Synchronisation

• Ability to meet growing demand for greater

==> picture [84 x 75] intentionally omitted <==

• accuracy

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

Space & Defence

• Improved technology generating new demand

• Focus on Core Markets

==> picture [250 x 59] intentionally omitted <==

ASM 17 August 2017

Icons: Flaticon

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

9
----- End of picture text -----

Chief Executive’s Review

==> picture [154 x 34] intentionally omitted <==

Looking Ahead

==> picture [11 x 12] intentionally omitted <==

==> picture [11 x 13] intentionally omitted <==

==> picture [11 x 12] intentionally omitted <==

Changes Have Reduced Risk, Increased Opportunity Much Has Been Done; More To Do Yet Need to Do Better, Can Do Better, Will Do Better

ASM 17 August 2017

Image: Adobe Stock

10

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

C. Shareholder Questions and 2017 Annual Report

ASM 17 August 2017

11

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

D. Ordinary Business and Resolutions

ASM 17 August 2017

==> picture [758 x 76] intentionally omitted <==

----- Start of picture text -----

12
Business of Meeting – Resolutions
----- End of picture text -----

==> picture [154 x 34] intentionally omitted <==

==> picture [12 x 13] intentionally omitted <==

D.1. – Resolution on Election of Director

 In accordance with Listing Rule 3.3.6, Keith William Oliver retires from office and being eligible, offers himself for election

==> picture [168 x 179] intentionally omitted <==

ASM 17 August 2017

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

13
----- End of picture text -----

Business of Meeting – Resolutions

D.2. – Resolution on Election of Director

==> picture [12 x 14] intentionally omitted <==

 In accordance with Listing Rule 3.3.6, Yin Tang Tseng retires from office and being eligible, offers himself for election

==> picture [154 x 34] intentionally omitted <==

==> picture [172 x 183] intentionally omitted <==

ASM 17 August 2017

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

14
----- End of picture text -----

Business of Meeting – Resolutions

D.3. – Resolution on Election of Director

==> picture [12 x 14] intentionally omitted <==

 In accordance with Listing Rule 3.3.6, Lorraine Mary Witten retires from office and being eligible, offers herself for election

==> picture [154 x 34] intentionally omitted <==

==> picture [160 x 184] intentionally omitted <==

ASM 17 August 2017

==> picture [24 x 23] intentionally omitted <==

----- Start of picture text -----

15
----- End of picture text -----

Business of Meeting – Resolutions

D.4. – Resolution on Auditor’s Remuneration

==> picture [12 x 14] intentionally omitted <==

 To record the reappointment of PricewaterhouseCoopers as the Company’s Auditor and to authorise the Directors to fix the Auditor’s remuneration

==> picture [154 x 34] intentionally omitted <==

==> picture [168 x 183] intentionally omitted <==

ASM 17 August 2017

16

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

Business of the Annual Shareholders’ Meeting General Business

ASM 17 August 2017

17

==> picture [154 x 34] intentionally omitted <==

==> picture [960 x 108] intentionally omitted <==

Meeting Closed

ASM 17 August 2017

==> picture [154 x 34] intentionally omitted <==

www.rakon.comASM 17 August 2017