SIMBLE SOLUTIONS LIMITED — Investor Presentation 2019

Dec 11, 2019

==> picture [57 x 78] intentionally omitted <==

Simble Solutions Limited (ASX:SIS)

© Copyright 2019 Simble Solutions Ltd

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

Company Snapshot

SUMMARY

• ASX listed technology company focused on smart energy Software-as-aService with highly scalable Internet of Things platform

• Multi-pillar growth strategy with primary focus on Australia and UK

• Refreshed Board and executive leadership team strongly focused on commercial turnaround

• Significantly reduced cost structure following strategic review

ASX Code	SIS
Ordinary Shares
• Quoted	143,965,871
• Escrowed for 24 months from admission	19,094,546
Total	163,060,417
Performance Shares	25,000,000
Market Capitalisation	$4.73 million
Share Price	$0.029

==> picture [38 x 49] intentionally omitted <==

Share Price – 12 Months

==> picture [401 x 164] intentionally omitted <==

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

$0.12
$0.08
$0.04
$0.00
Dec-18 Jun-19 Dec-19
----- End of picture text -----

Shareholders	SIS
Velasco S.A.	19.7%
Fadi Geha	8.8%
Top 20 Shareholders	53.5%
No. of Security Holders	722

Simble Solutions Shareholder Update December 2019

Simble Energy Product Portfolio

==> picture [38 x 49] intentionally omitted <==

WHAT WE DO:

DOMESTIC

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

SME

LARGE | INDUSTRIAL | MULTISITE

ENTERPRISE

==> picture [35 x 32] intentionally omitted <==

==> picture [99 x 62] intentionally omitted <==

DCC APP (UK)

SIMBLE CONNECT

SIMBLE SENSE + IoT

CARBON VIEW

Residential Energy App, connects to smart meters

Business Energy App, entry-level solution

Business Energy Platform, Feature-rich with hardware

Carbon Accounting & Management Platform for business

==> picture [74 x 140] intentionally omitted <==

==> picture [84 x 140] intentionally omitted <==

==> picture [162 x 122] intentionally omitted <==

==> picture [134 x 135] intentionally omitted <==

Simble Solutions Shareholder Update December 2019

DCC APP

==> picture [69 x 78] intentionally omitted <==

Residential Energy App to Deeper Engage Customers Connected to smart meters via Data Communications Company (DCC)

Highly scalable cloud-based mobile application for domestic users to understand and analyse energy consumption in homes. Distributed white-labelled via energy suppliers or brokers, the DCC App – or Virtual Analytics is designed to enable the digital utility of the future offering advanced analytics to residential customers in a multichannel customer journey.

MARKET OPPORTUNITY - UK

==> picture [164 x 181] intentionally omitted <==

45M+ DOMESTIC SMART METERS

14.4 million or 28% of domestic meters are now smart meters¹, with over 30 million to be rolled out by 2024

==> picture [132 x 265] intentionally omitted <==

Simble Solutions Shareholder Update December 2019

¹ Department for Business, Energy & Industrial Strategy – September 2019 Quarterly Report

SimbleConnect

Entry Level Business Energy Apps & Dashboards Connected to smart meters, sold via energy brokers & suppliers

Cloud-based software solution for everyday businesses connecting them with their energy usage & costs. Key features include engaging dashboard, simple navigation, quick access to energy costs, budgeting tools and consumption analytics. White-labelled through energy brokers & suppliers.

MARKET OPPORTUNITY – UK

==> picture [164 x 181] intentionally omitted <==

1M+ COMMERCIAL AMR METERS

1.2 million or 38% of non-domestic meters are now smart meters[2] , with over 1 million to be rolled out by 2024

==> picture [105 x 65] intentionally omitted <==

==> picture [182 x 303] intentionally omitted <==

Simble Solutions Shareholder Update December 2019

2 Department for Business, Energy & Industrial Strategy – September 2019 Quarterly Report

SimbleSense

==> picture [105 x 65] intentionally omitted <==

Feature Rich Business Energy Platform Connected to IoT Sensors

Premium software and hardware bundle empowering businesses to make sense of their energy usage & costs. Allows businesses to understand their usage and reduce energy consumption remotely using IoT technology. Features include circuit level monitoring, data analytics, monitor & control, measure and verify and multi site comparison

MARKET OPPORTUNITY – AUS + UK

==> picture [130 x 154] intentionally omitted <==

==> picture [47 x 72] intentionally omitted <==

5M+ BUSINESSES

2M+ BUSINESSES

==> picture [292 x 214] intentionally omitted <==

Simble Solutions Shareholder Update December 2019

CarbonView

==> picture [105 x 65] intentionally omitted <==

Carbon Accounting And Management Platform For Businesses All-in-one Dashboard to Track Progress Towards Sustainability Targets

CarbonView is a single database for all sustainability data in an organisation, offering intelligent analytics, allowing businesses to identify opportunities to mitigate greenhouse gas emissions, calculate and report on their the carbon footprint and report with confidence. International Standard compliant - GHG Protocol, NGERS or DEFRA.

MARKET OPPORTUNITY

==> picture [130 x 154] intentionally omitted <==

==> picture [47 x 72] intentionally omitted <==

5M+ BUSINESSES

2M+ BUSINESSES

==> picture [351 x 188] intentionally omitted <==

Up to 12,000 businesses are mandated to report on their carbon emissions under Phase 2 of the UK Government’s Energy Savings Opportunity Scheme (ESOS2)[3]

Simble Solutions Shareholder Update December 2019

3 Energy Savings Opportunity Scheme (ESOS)

UK

Revenue & Business Model

ENERGY

Commercial & residential energy management software solutions

==> picture [51 x 52] intentionally omitted <==

==> picture [47 x 40] intentionally omitted <==

==> picture [56 x 41] intentionally omitted <==

==> picture [51 x 40] intentionally omitted <==

AUS

Targeting energy brokers, energy suppliers, lighting companies and energy service providers

Targeting SME & enterprise customers direct and via partners & energy service providers

Solution taken to their customers - scalable & license-based business model + service fees

Strategic partnership with Wattwatchers to offer “bundled” hardware & software solution

Strategic partnerships with Utiligroup, Powercor, UCR Consultants, BidEnergy

Over 200 active commercial customers using SimbleSense

==> picture [167 x 125] intentionally omitted <==

==> picture [73 x 138] intentionally omitted <==

==> picture [36 x 31] intentionally omitted <==

==> picture [35 x 31] intentionally omitted <==

AUS

==> picture [38 x 49] intentionally omitted <==

MOBILITY

Workforce optimisation

==> picture [55 x 41] intentionally omitted <==

Targeting councils, commercial/enterprise customers with large mobile workforce

B2B sales model – SaaS & services fees

Recurring SaaS business with potential for margin optimization & growth

==> picture [207 x 138] intentionally omitted <==

High growth opportunity

Mature

Simble Solutions Shareholder Update December 2019

==> picture [38 x 49] intentionally omitted <==

12[th] Dec

Business Update | Strategic Review | Outlook

Simble Solutions Shareholder Update December 2019

Challenges & Headwinds in 2019

Delay In UK Smart Meter Rollout

1

==> picture [38 x 49] intentionally omitted <==

Delay in smart meter rollout impacted UK business -

The UK government postponed the estimated date of completion for the national smart meter rollout by four years to 2024. As a result, Simble experienced delays in conversion of sales opportunities, which are now gathering momentum.

==> picture [105 x 81] intentionally omitted <==

Timing Of Contracts & Delays in On-boarding of Partners

Delay in smart meter rollout impacted UK business -

The delays in the smart meter rollout and market consolidation in the energy retailer sector impacted the timing of contracts and on-boarding of partners, and as such significant cost cutting initiatives were required.

Industry Headwinds For Mobility Business

Delay in smart meter rollout impacted UK business - The Mobility business experienced material headwinds due to a rise in competition and downward pressure on pricing. While customer demand continues for these services, Simble had to adjust to market conditions.

2

3

Simble Solutions Shareholder Update December 2019

Strategic Review – Pathway to Sustainable Growth

==> picture [38 x 49] intentionally omitted <==

Initiatives & Focus Areas

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

Immediate cost-cutting initiatives: Focus on financial management with $700k in annualised cost savings already implemented; R&D fixed costs materially reduced and transformed into variable workforce

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

Build revenues: Simble has right-sized the business development and go to market team and will focus on revenue generation activities across the most profitable business units while continuing to commercialise our ongoing innovation

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

Focus on operational excellence: Fast-track partner on-boarding process, realise operational efficiencies and unlock value from vast partner network through targeted deployment of resources

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

Medium-term focus on reaching cash flow positive through cash management & revenue objectives

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

Refreshed board and executive leadership team highly active in addressing the company’s issues and focused on restoring shareholder value via whatever means necessary over calendar 2020

==> picture [120 x 39] intentionally omitted <==

Purpose: Create a sustainable company structure, promote commercial turnaround and restore shareholder value

Simble Solutions Shareholder Update December 2019

Business Update – 12[th] Dec

==> picture [38 x 49] intentionally omitted <==

• Sylvania Lighting (Feilo Sylvania International Group), a leading full-spectrum provider of professional and architectural lighting solutions supplying markets around the world, has signed a Letter of Intent (LOI) to establish an agreement to collaborate with Simble to incorporate SimbleSense into their turnkey solution to measure and verify reporting of LED refurbishment projects and improve their sales conversion globally , commencing in the UK, France, Germany, Spain and Italy

• Catalyst Commercial Services (Catalyst), a UK energy broker , signed Channel Alliance Partner Agreement to resell the SimbleSense Platform & apps to its commercial customer base in the UK

• Optimal Energy and Carbon Solutions , a New Zealand based energy efficiency company, signed Channel Alliance Partner Agreement to resell the SimbleSense Platform & apps as well as CarbonView in New Zealand

• Structural change leading to substantial uplift in business development activity in UK market with numerous proposals delivered to potential channel partners and customers

• Material reduction in fixed costs across the Company including a 48% headcount reduction from December 2019

• Significant reduction of fixed cost research & development (R&D) activity and increased focus on modular, client funded and scalable deployment of R&D resources

Simble Solutions Shareholder Update December 2019

UK legislation drives demand for Simble product suite

==> picture [38 x 49] intentionally omitted <==

Smart meter rollout

The government mandated deployment of up to 53 million smart meters. The £13bn smart energy meter rollout was extended by four years to 2024. 15.6 million smart meters were in operation as of as of 30 September 2019

Mandatory carbon reporting

From financial years beginning on or after 1 April 2019, large UK companies will be required to report publicly on their UK energy use and carbon emissions within their Directors’ Report.

==> picture [152 x 168] intentionally omitted <==

Net-zero emissions by 2050

The UK signed a target of net-zero greenhouse gas emissions by law, encompassing the entire UK economy.

Government funding

The UK government has committed to invest billions as part of its Clean Growth Strategy including a £315 million technology fund.

==> picture [77 x 96] intentionally omitted <==

==> picture [107 x 42] intentionally omitted <==

==> picture [311 x 147] intentionally omitted <==

Partners & Customers

Simble Solutions Shareholder Update December 2019

Outlook & Strategy 2020

Simble Energy: Build Revenues

• ✓ UK market opportunity is materialising after long investment as bundled SimbleSense software and IoT opportunities are gaining momentum

==> picture [56 x 56] intentionally omitted <==

• ✓ Strategic and targeted software sales opportunities in Australia gaining momentum

==> picture [55 x 56] intentionally omitted <==

==> picture [38 x 49] intentionally omitted <==

Simble Mobility: Improve Margins, Grow Sales

• ✓ Realise operational efficiencies within all aspects of the business

• ✓ Improve processes throughout the supply chain

• ✓ Maintain and improve margins in existing legacy business income streams, grow new sales channels

• ✓ Focus on revenue generating units whilst keeping an eye on “blue-sky” opportunities

==> picture [55 x 55] intentionally omitted <==

Lean Company Structure

• ✓ New CEO Ronen Ghosh has implemented cost cutting and efficiency initiatives across all business units including 48% reduction in head count

• ✓ Reduction of R&D facility and resource deployment towards revenue generating business units

==> picture [55 x 55] intentionally omitted <==

Financial Performance

• ✓ Medium-term focus on cash flow positive

• ✓ Focus on margin optimisation and growth across units

• ✓ Financial performance to date has been unacceptable and the Board is focused on restoring shareholder value via whatever means necessary over calendar 2020

• ✓ Strengthening the critical parts of the business and ongoing focus on operational efficiencies

Simble Solutions Shareholder Update December 2019

Board of Directors

Philip Tye – Non-Executive Chairman

==> picture [100 x 103] intentionally omitted <==

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

==> picture [103 x 103] intentionally omitted <==

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 has served as its 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.

==> picture [103 x 103] intentionally omitted <==

==> picture [103 x 103] intentionally omitted <==

==> picture [38 x 49] intentionally omitted <==

Ben Loiterton – Non-Executive Director

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.

Hasaka Martin – Company Secretary

Hasaka is an experienced Chartered Company Secretary with ASX listed, unlisted and not-for-profit experience. He has over 10 years’ experience in corporate governance, ASX compliance, employee equity plans, member meetings, capital raising and M&A. This experience has been gained across a number sectors including corporate services, resources, biotechnology and university sectors. Hasaka is currently appointed as the Company Secretary for a number of ASX listed and unlisted companies.

Simble Solutions Shareholder Update December 2019

Executive Management Team

==> picture [71 x 75] intentionally omitted <==

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.

==> picture [71 x 70] intentionally omitted <==

Kalana Navaratne – Chief Product & Strategy Officer

Kalana Navaratne is a transformation and technology professional in the utilities and smart home industries. Over the last fifteen years he has worked for three of the UK’s big six utilities, including EON, RWE Npower, and British Gas in multiple capacities covering big data analytics, non commodity (Smart Home) services, and corporate strategy.

==> picture [71 x 71] intentionally omitted <==

Fadi Geha – Executive Director & Head of Sales

==> picture [71 x 67] intentionally omitted <==

John Reyner – Head of Sales - UK

John Reyner is a widely experienced Sales Leader in the utilities and smart home industries. With over twenty-five years technology sales experience he has worked for the last ten years with utilities across the whole sector, including Smart Metering and Infrastructure (Aclara), Smart Home and Energy (Ijenko) and Smart Grid and Demand Response (Airwave Solutions). His work has supported major incumbent and new challenger-brand customers across the UK, Europe, Middle-East and Asia.

==> picture [38 x 49] intentionally omitted <==

Simble Solutions Shareholder Update December 2019

==> picture [52 x 35] intentionally omitted <==

==> picture [77 x 96] intentionally omitted <==

==> picture [40 x 45] intentionally omitted <==

Our Mission

==> picture [32 x 37] intentionally omitted <==

“Leveraging smart IoT solutions, we turn data into insight and help shape a sustainable world”.

==> picture [40 x 45] intentionally omitted <==

==> picture [40 x 46] intentionally omitted <==

==> picture [32 x 37] intentionally omitted <==

==> picture [238 x 39] intentionally omitted <==

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.

==> picture [108 x 101] intentionally omitted <==

CONTACT: Ronen Ghosh Chief Executive Officer M: +61 408 505 483 E: ronen@simble.Io www.simble.io