REMSENSE TECHNOLOGIES LIMITED — AGM Information 2024

Nov 28, 2024

RemSense Technologies Limited

ASX:REM

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2024 ANNUAL GENERAL MEETING

29 November 2024

Suite 173, Level 4, 580 Hay Street

Perth, Western Australia

Disclaimer

The material in this presentation has been prepared by RemSense Technologies Limited (“Company”).

This presentation may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted

by law, and persons into whose possession this document comes should inform themselves about, and observe, all such restrictions. This presentation is not financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives

and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements that are subject to risk factors associated with the business. Forward looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions, and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions. This presentation has been prepared by the Company based on information currently available to it. 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 the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

REM:ASX Board

Our people have years of extensive industrial experience with tier 1 clients

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Ross Taylor

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John Clegg
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Warren Cook

N O N - E X E C U T I V E C H A I R M A N

N O N - E X E C U T I V E D I R E C T O R

M A N A G I N G D I R E C T O R A N D C E O

Ross is a Chartered Accountant and an investment banking consultant with a thorough knowledge of international financial markets gained while working in Australia, London, New York and Tokyo. He has extensive experience in the global investment banking sector and has held senior positions with Deutsche Bank, Bankers Trust and Barclays Capital.

John is a Chartered Accountant and has advised over fifty companies on growth strategies, leadership and management. His expertise includes 16 years at Arthur Young & Co (now Ernst & Young), startup ventures, directorship and consulting services.

His extensive portfolio includes guiding public companies through IPOs, restructuring private firms, and serving as CFO for RemSense pre-ASX listing.

Warren is an experienced and passionate operational leader with 25 years of experience in technology development and commercialisation across mining, environmental and energy industries. Warren has extensive international experience having delivered projects in Australia, Brazil, Canada, Chile, France, Ghana, India, Indonesia, Iran, New Zealand, PNG, Philippines, South Africa, UK, and USA.

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OPERATIONS UPDATE

FY2025 Q1 Highlights

• Revenue up 31% to $1.1M on same FY2024 Quarter

• Costs down 32% on same FY2024 Quarter including a reduction in salaries and staff costs of 58%

• EBITDA of $517K compared to ($120K) on same FY2024 Quarter

• Customer receipts up 6% on same FY2024 Quarter to $660K

• 85% improvement in net cash from operating activities

• Signed Chevron global master services agreement

• Commenced project in US Gulf of Mexico

FY2025 OUTLOOK

• Significant contracts announced over the last six months $2.76M

• $1.46M in receivables – plus $460K in active projects being delivered

• Continued expansion of international projects – currently completing project in South Asia

• Growth strategies include:

  • Expanding relationship and project pipeline with Chevron across Africa, USA, Asia

  • Sales pipeline growth through established channel partners in Middle East and USA

FY2025 OUTLOOK

• Growth strategies include: • Focus on high-risk, complex, asset rich facilities • Oil & Gas

   - LNG processing, oil refineries, offshore platforms & rigs
  

  • Mining

    • Metals (Au, Li, U, Ni, Al, Cu, Zn, Pb)

  • Chemical and Petrochemical • Chemicals, plastics, fertilisers

• Product innovation and enhancements • Competitive advantage

CONTACT

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Be There Without Going There

rem@remsense.com.au (08) 6118 5610 www.remsense.com.au

Suite 173, Level 4 580 Hay Street, Perth Western Australia