SMART PARKING LIMITED — AGM Information 2020

Nov 19, 2020

AGM Presentation Smart Parking Limited (ASX:SPZ)

20 November 2020 CEO Paul Gillespie

smartparking.com

Smart Parking Ltd (ASX:SPZ)

A global company focused on delivering industry leading technology innovations and solutions within the parking industry

Parking management services

Provision of parking management solutions, predominantly servicing the retail sector, managing agents and land owners in the UK. SPZ has recently been accredited in NZ to run parking management services across the country. Two sites have already gone live, and there is a strong focus to win more ANPR monitored sites.

Technology

The sale of Smart City and IoT (Internet of Things) technology, hardware and software predominantly for parking solutions around the world.

Research & development

We develop proprietary solutions to enhance Smart City, IoT and ANPR software/hardware for both the Technology and Parking Management divisions.

8 MILLION CARS PER MONTH THROUGH UK ESTATE

OVER 31m SMARTCLOUD TRANSACTIONS PER DAY

OVER 500 CUSTOMERS WORLDWIDE

OPERATING IN OVER 10 TERRITORIES

SPZ in review | Smart Parking Group

SPZ performed resiliently through Covid-19, and is now recovering.

• Trading for the first 8 months of FY20 was in line with expectations. COVID-19 impacted the last 4 months.
• Impact of lockdown on Smart Parking and driver behaviour resulted in PBNs dropping 80% vs pre-lockdown.
• Proactive response initiatives included an annualised reduction in personnel costs of AUD$2.5m, and the deferral of all non-essential projects and capital expenditure including the roll out of technology on new UK parking sites during the lockdown period.
• Strong recovery under way with October PBNs recovering by 332% from COVID-19 lows – currently 11% up on monthly average for the prior year.
• New site installations re-started in June and achieved 56 new installations in Q1 FY21 with a focus on 200 new sites for the year.
• Winning new business and growth continued with KFC.
• $3.2m of contracted technology orders to install.
• Delayed technology installations will see revenue recognised in FY21.
• Installations underway in all operating territories.

FY21 Business Update

| Initiatives implemented in FY20 to streamline & strengthen Smart Parking are beginning to deliver positive returns

• For the first 4 months of FY21, positive Group operating cashflow (including lease payments) of $1.2m – despite government lockdown restrictions in many areas of the UK.
• Cash on hand at 31 October of $10.0m (includes UK Coronavirus Business Interruption Loan draw down of $2.7m).
• Framework proposed by HMRC for resolution of VAT dispute SPZ expects to recognise up to $7.1m one-off benefit to pre-tax profit in FY21 (up to $3.1m cash benefit) with ongoing benefit to future years (circa $1.7m pro forma contribution for FY20).
• UK sales team re-structure delivering results with 67 new site installations to 31 October.
• UK installed estate performing to expectations despite COVID-19 restrictions in October 2020.
• NZ managed services business established with 2 sites installed and pipeline growing.
• Strategy to leverage market-leading technologies into large global addressable markets intact. 1,000 sites under management expected by June 2023. up 29%

Up $3.7m from 30 June 2020 including $2.7m drawdown of UK Coronavirus Business Interruption Loan

$1.2m

*October 2020 YTD vs October 2019 YTD (unaudited)

Operating cash

flow up $1.4m

558Total sites,

As of 31 October 2020, compared to PCP.

UK pandemic tracker

| Pandemic PBNs fell 80% in April compared to the monthly average for the year prior

Reduction in PBNs in September & October is in line with normal seasonal variations.

23 March

Managed Services

| Positive growth across the business

UK

• Added 67 sites to 31 October 2020 with the objective of delivering 200 new ANPR installations in FY21*
• KFC UK & Ireland installations have commenced, with 15 sites installed and a further 21 surveyed for installation (plus another 250 potentially suitable sites).
• SPZ is focused on achieving 1,000 ANPR installations under management by June 2023.

NZ

• Accreditation achieved to become an ANPR parking services operator in New Zealand.
• First two customer sites installed.
• SPZ focused on finding new territories and expanding our service model.

Multiple growth drivers 100% PM Announcement Some non-essential shops allowed to re-open lockdown 10pm curfew begins Easter Lockdown begins Lockdown extended to re-open Local COVID-19 alert levels

| Recovery to pre COVID-19 levels with increased sites under management enhancing SPZ's earning potential 60%

Cyclical recovery to pre COVID-19 levels on current sites under management Overall Footfall Index Rolling 7 Day Average Oce of National Statistics 0% APR-20 MAY-20 JUN-20 JUL-20 AUG-20 SEP-20 OCT-20 NOV-20

• 90 minute stay is typically the time period for increased PBN issuance

14/03 21/03 28/03 04/04 11/04 18/04 25/04 02/05 09/05 16/05 23/05 30/05 06/06 13/06 20/06 27/06 04/07 11/07 18/07 25/07 01/08 08/08 15/08 22/08 29/08 05/09 12/09 19/09 26/09 03/10 10/10 17/10 24/10 31/10 7/11

MAR-20 APR-20 MAY-20 JUN-20 JUL-20 AUG-20 SEP-20 OCT-20 NOV-20 Transport for London National Rail Motor Vehicles Department of Transport

Cars In 7 Day Rolling Smart Parking

• Christmas seasonal impact average stay as per graph above

Recovery potential to pre COVID-19 levels on PBN's per site

• Growth in sites under management increases SPZ's future earnings potential

Once government restrictions are lifted SPZ expects average stay time & average PBNs issued to return to pre-pandemic levels.

UK Growth

| 67 new sites added to October 31 2020. 1,000 sites expected for June 2023.

Growth target:

1,000 sites under management expected by June 2023

FY20 AGM Presentation | smartparking.com | PAGE 8

Technology and R&D

| Continuing to execute growth strategy – leveraging proprietary technology

• Recent contract win for Queen Victoria Market (Melbourne, Australia) to install a parking guidance systems across 500 bays in H2 FY21.

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• • Order book and work in progress of $3.2m.
• • Annualised personnel savings of $1.2m from a reduction in head count.
• Technology business delivered positive cash flow in Q1.
• Delivered SmartCloud enhancements to provide NZ ANPR services workflow.
• Proprietary IoT compliance product delivered in Q1.

Smart Parking outlook

| Market recovery and new opportunities for growth

• Ongoing growth in ANPR installations with 200 sites expected in FY21.
• UK market opportunity intact growth target of 1,000 sites installed by June 2023.
• UK PBN issuance in-line with expectation and will be monitored carefully with new nationwide lockdowns in place.
• Focused on expanding our ANPR Managed Services market in NZ.
• New IoT compliance product delivered that will open up wider pools of customers and greater revenue opportunity in the technology business.
• Large addressable market available in both Managed Services (UK & NZ) and Technology businesses.
• Smart Parking has the capital and capability to execute the growth strategy.

* All forward-looking statements can be subject to change

Thank you.

Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com

Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com

smartparking.com

Adjusted EBITDA – The Board assesses the underlying performance of the Group based on a measure of Adjusted EBITDA which takes into account costs incurred in the current period but not expected to occur in the future.

EBITDA – represents Earnings before interest, taxation, depreciation and amortisation.

Smart Parking legal disclaimer

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.

Non-IFRS financial information has not been subject to audit or review.