SIMBLE SOLUTIONS LIMITED — AGM Information 2020

May 31, 2020

Simble 2020 AGM

ASX Code: SIS

Disclaimer

This presentation has been prepared by Simble Solutions Limited A.C.N. 608 419 656 (Simble). This presentation is of a general nature and does not purport to be complete, nor does it contain all of the information which would be required in a prospectus prepared in accordance with the requirements of the Corporations Act 2001 (Cth) (Corporations Act). It contains summary information about Simble and its activities and should be read in conjunction with Simble's other periodic disclosure announcements to the ASX, which are available at www.asx.com.au.

No representation or warranty, express or implied, is provided by any person (including Simble, its related bodies corporate and affiliates, and the officers, employees, advisers and agents of the foregoing) in relation to the accuracy, reliability or completeness of any statements, estimates or opinions, conclusions or other information provided in this presentation. Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. Subject to its obligations under applicable law, Simble is not responsible for updating, nor undertakes to update, this presentation.

The information contained in this presentation is prepared solely for informational purposes only. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in Simble.

This presentation contains summary information about Simble and its activities, which is current as at the date of this presentation. The information included in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which you should consider when making an investment decision. Each recipient of this presentation should make its own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Simble and the impact that different future outcomes may have on Simble. This presentation has been prepared without taking account of any person's investment objectives, financial situation or particular needs. Before making an investment decision, you should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, make their own assessment of the information and seek legal, financial, accounting and taxation advice appropriate to their jurisdiction in relation to the information and any action taken on the basis of the information.

Forward looking statements

This presentation includes forward-looking statements that reflect Simble's intentions, beliefs or current expectations concerning, among other things, Simble's results of operations, financial condition, performance, prospects, growth, strategies and the industry in which Simble operates. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors, many of which are beyond the control of Simble. Simble cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition, performance, prospects, growth or opportunities and the development of the industry in which Simble operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, Simble does not guarantee any particular rate of return or the performance of Simble nor does it guarantee the repayment or maintenance of capital or any particular tax treatment. Investors should note that past performance may not be indicative of results or developments in future periods and cannot be relied upon as an indicator of (and provides no guidance as to) Simble's future performance. Simble, its related bodies corporate and each of their respective directors, officers and employees and advisers expressly disclaim any obligation or undertaking to review, update or release any update of or revisions to any forward-looking statements in this presentation or any change in Simble's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation. This presentation and any materials distributed in connection with this presentation are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe any such restrictions.

Board and Management

Ben Loiterton – Non-Executive Chairman

Ben's career spans over 28 years in investment banking, executive management and entrepreneurial activity. He is an experienced public company director having served on three ASX-listed company boards, various private company boards and advisory boards. He has extensive experience with driving commercial strategy, corporate finance, equity capital raising, IPOs and RTOs, mergers & acquisitions, financial structuring, and providing legal and business advice for fast-growth businesses. Ben was appointed Non-Executive Director in July 2019 and has been a key driver of the Company's focus on financial management and associated restructuring.

Philip Tye – Non-Executive Director

Philip has been involved in the Asian capital markets for over 20 years, having most recently established HFL Advisors Limited as a platform to provide independent directorship and advisory services to various corporates and alternative investment funds. He is a leading figure in the Asian hedge fund industry as member of the AIMA Global Council and immediate past Chair of the AIMA Hong Kong Chapter. Philip built and ran DragonBack Capital, a multi-strategy hedge fund manager and then hedge fund platform based in Hong Kong, between 2007 and 2012.

Fadi Geha – Executive Director

Fadi is an engineer with over 25 years experience in enterprise software sales, consulting, and IT M&A. He is the founder of Acresta (now part of Simble) and served as CEO from Nov 2009 to October 2019. Fadi has held senior management positions with SAP Australia and Accenture. From 2003-2006 he served as Vice President Asia Pacific and Director at Viewlocity Technologies and led Viewlocity's expansion into the Asian region including the acquisition of key clients in Japan, Korea, and South East Asia which resulted in Viewlocity being named top IBM partner in Australia for SaaS offerings in 2005.

Ronen Ghosh – Chief Executive Officer

Ronen is an executive with more than twenty-five years of experience in blue chip organisations including Universal, BMG, Alberts and PriceWaterhouseCoopers. During his career he has worked in Australia and internationally in the fields of intellectual property, entertainment & media rights , and investment management. He is a Chartered Accountant and a graduate of the Australian Institute of Company Directors. Ronen joined Simble in August 2019 as the Chief Financial Officer to oversee the financial and operational functions of the group. In November 2019 he was appointed CEO.

AGM Presentation – 1 June 2020

Ronen Ghosh - CEO

About Simble 2019 – 2020 Highlights Outlook and Strategy

Simble Solutions

Simble is a software company focused on energy management and data analytics solutions with operations in Australia and the UK.

Simble's suite of Software-as-a-Service products allows users to monitor, control and optimise their energy consumption in real-time through the cloud via Internet of Things (IoT) technology.

Mega trends driving our business:

Global Decarbonisation | Big Data | Internet of Things

Simble Solutions AGM Presentation 2020

Residential Energy App,

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connects to smart meters as well as energy sub-meters

Commercial sustainability solutions to help businesses improve efficiency, reduce costs and minimise environmental footprint

SimbleEnergy: In detail

WHAT WE DO:

Energy software solutions available as entry-level applications or as premium hardware bundles supporting live data collection for energy consumers. Allows businesses to understand their usage and reduce energy consumption remotely using IoT technology.

KEY FEATURES:

Circuit Level Monitoring | Data Analytics | Monitor & Control Measure & Verify | Multi Site Comparison | Reporting

3-year CAGR customer

Carbon Accounting & Management Platform for business

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growth of 200%+ SIMBLE CONNECT SIMBLE SENSE + IoT CARBON VIEW

Energy & IoT Analytics Platform, Feature-rich with Energy Meters, Sensors and IoT Devices

Business Energy Platform and Apps, entry-level solution

SIMBLE HOME ENERGY APP

Residential Energy App, connects to smart meters as well as energy sub-meters

Simble Solutions AGM Presentation 2020

Simble in 2020: Turnaround work completed

Focus on growth

• ü Simble Energy: solid growth in Software as a Service Annual Recurring Revenue (ARR) stream
• ü New partnerships have the potential to increase revenues further and provide return on investment
• ü Focus on maintaining solid sales pipeline
• ü Diligent fiscal management is ingrained
• ü Strong focus on operational excellence and resource allocation
• ü Flexible resource structures are ready to scale

Cost savings achieved	Energy ARR
A$2.3m	32%
since June 2019	March 2020 year on year
Net operating cash burn	Meters under management
64%	41%

since June 2019 March 2020 year on year

"We have implemented our turnaround strategy and feel well prepared for these uncertain times. However, we cannot be complacent about the challenge that lies ahead" - Ronen Ghosh, CEO

Efficient revenue, vigilant cost control

Significantly reduced cash overhead fixed cost base in line with current business activity

Focus resource allocation to divisions with maximum potential to generate revenue and cashflow

Further improvements in cash flow management to move to cash neutral as soon as possible

32%

Increase in Energy ARR 12 months to March 2020

$2.3 million

in cost savings realised last 12 months

Outlook and Strategy 2020

• ü Strategic and targeted software sales opportunities in Australia gaining momentum
• ü UK market opportunity via some key partners is now materialising after delays experienced in the 2nd half of 2019 as bundled SimbleSense software and IoT opportunities are gaining momentum
• ü Focus on revenue generating units whilst keeping an eye on "blue-sky" opportunities

Lean Company Structure

• ü Maintain low costs and headcount at appropriate levels during the business lifecycle, ensuring resources are scalable in line with growth
• ü Reduction of R&D facility and resource deployment towards revenue generating business units
• ü Strengthening the critical parts of the business and an ongoing focus on operational efficiencies

Simble Energy: Build Revenues Simble Mobility: Grow Sales & Improve Margins

• ü Realise operational efficiencies within all aspects of the business
• ü Improve processes throughout the supply chain
• ü Maintain and improve margins in existing legacy business income streams, grow new sales channels

Financial Performance

• ü Medium-term focus on cash flow positive
• ü Focus on growth across all units and margin optimisation
• ü Financial performance in 2019 was unacceptable and the Board is focused on restoring shareholder value in 2020

Simble Solutions AGM Presentation 2020

AGM Presentation – 1 June 2020

Fadi Geha- Executive Director

Revenue & Business Model Case Studies

Revenue & Business Model Revenue and Business Model

Commercial & residential energy management software solutions

Targeting energy suppliers and energy service providers to offer the bundled solution to their Residential, SME & Enterprise customers

ARENA Project launched in March 2020

Partnership with Wattwatchers to offer "bundled" hardware & software solution

Partnerships with Energy & Carbon, Middy's, Synnex & a number of Energy Services Companies

• Partnership with Accurassi to offer EnergyIQ platform with a bundled SimbleEnergy package to corporate clients and their employees
• Over 500 energy meters installed with SimbleSense

Focused on Energy service providers, Energy Brokers & LED Lighting Companies

Partnerships with G.A. Harpers , Powercor, Sylvania Lighting, UCR Consultants, & Utiligroup

Over 200 energy meters installed with SimbleSense

Sylvania Lighting launch soon!

Workforce optimisation ENERGY MOBILITY

Targeting councils, commercial/enterprise customers with large mobile workforce

B2B sales model – SaaS & services fees

AUS

Recurring SaaS business with potential for margin optimization & growth

Mature

Case Study: Energy & Carbon Solutions

In March 2017 Simble signed a Channel Partner agreement with Energy & Carbon Solutions to deploy SimbleSense to its customer base as part of the Energy Efficiency Projects as a "Measure & Verify" solution for all their clients.

Since then, Energy & Carbon has been rolling it out to their clients some of which are those listed below.

We can now provide our clients with detailed measurement and verification of the savings they can achieve through our energy efficiency projects. We identify savings using the Simble Energy Platform, under a recurring subscription model that help us further engage our clients"

Edwin Burwood

CEO @ Energy & Carbon

Case Study: UCR Consultants

In May 2019 Simble signed a 3 year agreement with UK energy broker UCR Consultants to deploy SimbleConnect solution across its customer base starting with an initial target of 10,000 meters deployment.

Simble also partnered with BID Energy on this project.

" It is simply not enough anymore to just offer the cheapest deal to our customers. Simble's technology allows us to engage with our customers on a whole new level whilst creating new recurring revenue stream."

Darrel Brookes Chief Executive Officer @ UCR Partner & Distributor

Opportunity: Sylvania Lighting UK & Europe

In Feb 2020 Simble signed a 3 year collaborator agreement with Sylvania Lighting UK, a leading full-spectrum provider of professional and architectural lighting solutions with a global footprint and operations in over 25 countries globally.

The initial target market will be the UK, France Germany, Spain and Italy with potential to expand to all markets that Sylvania is operating in.

The SimbleSense Platform will be offered to all customers as a standard product extension for all new lighting projects as a "Measure & Verify" solution for their clients.

Launching soon –

Global Strategic Development Director @ Sylvania Lighting Europe Channel Partner

"We are excited to partner with Simble and bundle their innovative solutions into our world-class lighting projects and demonstrate the financial and environmental benefits to our customers. We have a rich history of delivering innovation and Simble's cloud-based energy Intelligence platform will allow our customers to understand their energy data in real-time, thus bringing energy savings to life."

Nick Clark

RONEN GHOSH CEO @ Simble ronen@simble.io

www.simble.io SIMBLE SOLUTIONS LIMITED (ASX:SIS) Level 2, 383 George Street Sydney NSW 2000