REMSENSE TECHNOLOGIES LIMITED

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Investor Update

16 December 2021

Building the Industrial Metaverse

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.

RemSense Technologies Ltd 2021 ©

WHO WE ARE

At RemSense, we have always had the ability to see what others can’t

We apply many new and emerging technologies including Digital Twins, Internet of Things (IoT), aerial (drone) and terrestrial data capture and analytics. Our business units operate across all these new and emerging technologies providing engineered solutions in a rapidly growing market space.

Business Units

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Engineering and Innovation
Provision of engineering services to solve unique problems and develop
new technology to improve productivity and reduce risks.
Data Capture and Insights
Provision of data and analytics derived from both aerial and terrestrial
based scanning and imaging to make better informed decisions.
Virtual Plant
A productive and scalable photographic digital twin environment.
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2018 • Merged and pivoted two businesses to provide engineering and technology solutions.
• Commenced technology development projects for Woodside
2019 • Rebranded in 2019 as RemSense to better reflect the broader activities and technology focus of the business.
2020 • Awarded multiyear technology and engineering services contract by Woodside.
• Commenced commercialisation of Virtual Plant, a product of technology development for Woodside.
2021 • End FY 21 revenue circa $4.6M 2021 • Listed on ASX 2 Nov

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RemSense Technologies Ltd 2021 ©

ACHIEVEMENTS SINCE LISTING

We are totally focused on delivering the plan Productive and highly encouraging 6 weeks

OBJECTIVE	PROGRESS
Onboard senior management team	Complete • COO Darren Shanahan • CDO Anthony Roe
Develop sales plan and channels	In Progress • Overall plan in place • Developing partner relationships • Leveraging Matterport partnership
Direct Sales	Progressing well • Currently offshore at Chevron Wheatstone via previously announced AGC contract. • Multiple opportunities being explored across market sectors.

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RemSense Technologies Ltd 2021 ©

METAVERSE? – Yes we are

Two differing Metaverse environments • Crafted Environments
Fantasy worlds for entertainment, social interaction, experiences
• Real Environments • Digitised real world for commercial application

RemSense is developing a real world environment

The real world environment requires scanning and digitisation
Our focus is on industrial applications
Well placed
- Experienced team with industrial background working with tier 1 clients to get it right
Virtual Plant blends information with a high resolution photographic fabric
• Integrating analytics into the environment
Building in applications as prime third party Metaverse engines are matured

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RemSense Technologies Ltd 2021 ©

VIRTUAL PLANT - DIGITAL TWIN

Digital Twins are a virtual replica of an asset, which enables an operator to derive actionable insights on both the performance and health of that asset.

A Digital Twin bridges the gap between the physical and virtual world. The scope of a Digital Twin can encompass all aspects, components, and subcomponents of a facility.

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Virtual Plant forms the basis of the Industrial Metaverse

RemSense Technologies Ltd 2021 ©

REMSENSE - METAVERSE

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Engineering
Innovation driven
by VP insights
Virtual Plant
Data
Visualisation
Intelligent
Platform Data Workflows / Process
Acquisition with exponential
technologies
enabled & driving AI insights.
by
Integration
Services
Net Zero
Asset Health
Safety
Performance Management
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Engineering Innovation enabled by data insights. Data Strategy & UX Experience Intelligent Workflows & Next Gen Enterprise Applications Data Value Realization through high fidelity data capture Industrial AI Data Feeds and visualization of operational data. Physical Infrastructure & Edge Devices Transformation

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RemSense Technologies Ltd 2021 ©

A productive and scalable photographic environment that addresses the keys to successfully deploying a companywide digital twin solution.

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RemSense Technologies Ltd 2021 ©

VIRTUAL PLANT

Enabling information from a distributed asset network to be centrally available to all users

Conceived in 2019 to provide a solution to Woodside Energy Limited who wanted to enable asset knowledge and visibility anywhere, any time and from any device for all its employees and contractors.

RemSense has since significantly invested further in developing Virtual Plant and is now preparing to make this solution available to all asset and facility operators across the resources and infrastructure sectors.

Virtual Plant is a high-resolution visual digital twin environment built from a series of photographic images that captures existing conditions accurately and allows for a close ‘zoomed in’ view, whilst navigating around the facility.

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RemSense Technologies Ltd 2021 ©
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COMMON INTERFACE

Interface with existing data and systems

Virtual Plant enables clients to access data more easily in a visual environment and without substantial replacement or reinvestment in existing asset management systems.

With Virtual Plant automatically identifying assets through their ID number, a common identifier is available that enables a link to be established with other systems.

RemSense is currently establishing relationships with major suppliers of asset management and maintenance software to enable data held by clients on their systems to be available in Virtual Plant.

Virtual Plant adds more value and usability by pulling together disparate and sometimes siloed data.

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Scan Date
22 January 2020 WARNING
Potential Slip Area
Asset ID:
5679223-100
Bypass Pump 600mm R1-TOT-2180A
Motor 09:18:23
AEG 2536 249.85C
Display Information Measure View Live Video Feed Compare Time Based Scans Access Live Plant Data Provide Safety Information
Download manuals, records and Anywhere within Virtual Plant View live video or thermal cameras Track plant condition and plan View live data from any sensor or Overlay safety information including
videos detailed inspection activities hub with an IP interface incident statistics
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RemSense Technologies Ltd 2021 ©

PARTNER PROGRAMS

Skin on existing asset management systems

Our focus to date has been to ensure compatibility enabling our future clients to access data from their current asset management systems. We see the opportunity for Virtual Plant to become a visualisation and user interface for many existing systems and offered as an option to their clients.

Partner and Ecosphere programs provide access to addressable markets as approved technology partners with mutual benefits.

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RemSense Has Signed First
Commercial Partnership Agreement
with US Based Visualisation Company
Matterport
NASDAQ MTTR (USD6B m cap)
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RemSense is currently pursuing global partner agreements.

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PARTNER CHANNELS

Sell With Sell Through Technology Partners Partners Partners In Progress

Visualisation of Operations and Maintenance Data.
Enterprise System Integration (ERP, EAM, GIS, BIM)

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COMMERCIAL MODEL – Virtual Plant

Three revenue streams

Our history with one Virtual Plant customer has shown that often a simple use case can deliver savings that are a multiple of the customer’s Virtual Plant costs.

The commercial model is an upfront fee for setting up Virtual Plant including scanning, with asset recognition and other value adding services being offered for additional fees.

After which an ongoing subscription fee is paid per month for the provision of the Virtual Plant software system, general support, security, and hosting.

Additionally, new client specific technical solutions to be adapted into Virtual Plant and integration with existing or new client management systems would be charged dependant on the scope.

Our plan is for Virtual Plant to be a significant driver for growth in RemSense over coming years.

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Clients can add
Additional additional features
Features at any time.
Scanning
Initial site scanning
followed by regular
updates as the VP Subscription
asset changes with
time.
Ongoing Monthly or
Annual fees
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GLOBAL RELEVANCE

Virtual Plant has relevance for any industry sector and business that operates a distributed asset base

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Cross Sector Opportunity Assets and Infrastructure

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CONTACT

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Steve Brown

(08) 6118 5610 [email protected] www.remsense.com.au

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AI assistant

REMSENSE TECHNOLOGIES LIMITED Investor Presentation 2021

65684_rns_2021-12-15_36db0aef-d843-4b34-9602-6b62a7e81d6d.pdf