SMART PARKING LIMITED — AGM Information 2015

Nov 5, 2015

November 2015 AGM Presentation

Paul Gillespie CEO

LOOKING FORWARD

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.

Persons needing advice should consult their stockbroker, bank manager, solicitor, accountant or other independent financial advisor. Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Smart Parking Ltd current expectations, estimates and projections about the industry in which Smart Parking Ltd operates, and its beliefs and assumptions. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are intended to identify forward - looking statements.

These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Smart Parking Ltd are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Smart Parking Ltd cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Smart Parking Ltd only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Smart Parking Ltd will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority

FY15 Highlights

• § UK Services business turned around to generating positive EBITDA month by month - $350k in June. Trend continuing to $440k EBITDA in September.
• § New Management team in the Services business continue to go from strength to strength.
• § Technology division completed phase 1 of the prestigious Westminster City Council project of 3,300 sensors.
• § RFID project complete and live in Westminster.
• § New number plate recognition software developed and deployed across 66 sites calendar year 15. A further 125 sites in the pipeline

Financial Update: 02 An improving picture

Q1 FY15 v Q1 FY16 Smart Parking Group

FY15 Q1 FY16 Q1 (unaudited)

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Q1 FY15 v Q1 FY16 Management Services

• § 38% revenue increase Q1 FY16 v Q1 FY15 – 56% revenue increase including FX impact
• § $1.2m EBITDA improvement Q1 FY16 V Q1 FY15
• § Technology roll out strategy bearing fruit with trend set to continue

Q1 FY16 numbers unaudited

Q1 FY15 v Q1 FY16 Technology

• § 72% revenue increase Q1 FY16 v Q1 FY15
• § 18.5% improvement in the EBITDA loss year on year
• § Technology orders continue to be slow in converting from prospect to confirmed contracts, however the pipeline is strong

Operational Update - 03 Services

KEY POINTS -

New management team in place from November 2014

Continued technology implementation

Greater focus on service delivery and process management

New contract wins

FY15 MANAGEMENT SERVICES UPDATE

New management team in place from November 2014

• § New Managing Director – Ben Johnson formerly of Parking Eye. See link below
• § New Finance Director
• § New Operations Director – formerly of Parking Eye
• § New Client Service Director - formerly of Parking Eye
• § New IT Director

http://www.capita.co.uk/news -and opinion/news/2013/capita -acquires parkingeye.aspx

FY15 MANAGEMENT SERVICES UPDATE

Continued Technology Implementation

• § New ANPR linked with P&D technology developed and deployed.
• § 40 sites upgraded with ANPR technology since January 15. An additional 26 installed since August.
• § 36 contracted sites to be delivered in Q2.
• § More than 100 sites in the prospects pipeline for Q3 & Q4 and beyond.

Number Plate Recognition Installations FY16

FY15 MANAGEMENT SERVICES UPDATE

New Contract Wins

• § Matalan contract retained through competitive process in 2014 – expanded in 2015 from 28 sites to 88 with focus on technology.
• § Omniplex Cinema group signed with 11 new sites – technology focus.
• § New sites awarded to us from key accounts – Asda .
• § Lidl Supermarkets – 38 sites won in Northern Ireland on a 3 year contract – ANPR being installed across the estate.
• § Added sales resource are winning new sites monthly.

04 Operational Update - Technology

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TECHNOLOGY UPDATE

TECHNOLOGY UPDATE

KEY POINTS

• § Technology contract wins
• § Westminster City Council update http://www.smartparking.com/keep-up-todate/video/smart-parking-in-the-city-of-westminster
• § Technology trial sites expanded in UK, AUS and NZ
• § RFID Update

TECHNOLOGY UPDATE

• § Transport for London contract won installation complete – revenue recognition in the same period – 1,585 sensors across 29 underground station car parks.
• § ACT contract secured for 460 bays. First Smart Parking project in the Australian Capital City.
• § Partnerships signed with Cisco and Vodafone UK.
• § Flinders University installation complete.
• § Order received from Westminster for RFID trial.
• § With each new installation maintenance and hosting revenue increases, up 34% on the same period last year.

WESTMINSTER UPDATE

• § Westminster phase 1 complete.
• § Maintenance and data contract commenced – all KPI's being met.
• § Westminster phase 2 internal evaluation complete.
• § Awaiting final decision on phase 2 order.
• § RFID trial live in October 2015 – potential for expansion to residents bays of which there are 10,000.
• § Web portal delivered as part of the RFID trial and in operation.

RFID TECHNOLOGY UPDATE

• § First on-street project now live and installed in October 15
• § On-line portal in trial as part of installation
• § Further expansion of technology planned for sites in New Zealand and Australia

SUMMARY

• § SPZ continue to lead the world in the development of intelligent car parking solutions for cities around the globe and technology led Parking Management Services in the UK.
• § Financial results for FY15 in technology are below expectation but the pipeline is strong and we see no sign of the market opportunity diminishing.
• § FY15 H2 results in the services business are strong and re-enforce the message of the continued turn around in the Managed Services Business. SPZ expects this trend to continue with FY16 Q1 numbers showing the continued improvement and validates the technology roll out strategy.
• § 66 sites installed with ANPR technology since January 15 with over 100 in the pipeline.
• § New projects from Transport for London, Milton Keynes, Cardiff, Westminster along with significant opportunities across all operating markets show the technology is validated and being adopted in the global market place.