APPLICATIONS, INTEGRATIONS, PAYMENTS & FINANCE GENERAL MEETING, MAY 20 2021

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TRANSACTION SERVICES BUSINESS SUPPLYING INDUSTRIES WITH A BROAD RANGE OF B2B PAYMENT Appstablishment was founded in 2001 as an electronic data interchange (EDI), Integration and Mobile Solutions provider the company has worked in payment services in some capacity throughout its 20 year history.

Today, Cirralto Limited (ASX:CRO) is a feature based payment company capable of owning transactions from any customer up and down the value chain.

S E R V I C E S , D I G I T A L T R A D I N G S O F T W A R E A N D I N T E G R AT I O N SOLUTIONS. During the last financial year, the Cirralto rounded out its capabilities in payments and financial services enabling it to own a customer from initial quote to final payment.

WE BELIEVE IN LEVELLING THE PLAYING Cirralto delivers a fully integrated digital payment and business software solution that enables businesses to transform with fast, error-free digital efficiency.

MEDIUM BUSINESSES WITH THE SAME TOOLS AS BUSINESS GIANTS. We're on a mission to fundamentally change the way people do business by implementing digital tools that streamline business processes, improve efficiency and payment practices, so businesses can trade faster and get paid quicker.

ASG FOUNDED IN 2001

40 TECHNICAL PERSON

20 PERSON COMMERCIAL

With core team working together for 20+ years

MARKET CAP A$185M*

HIGHLIGHTS Business Snapshot - Post Appstablishment Acquisition

***Assumes shares on issue of 2.9M subject to resolutions being passed at the General Meeting on May 20, 2021

Dave Wood is the new Chief Product Officer at Cirralto.

With over 20 years of experience in Software and Systems Design, Dave is the driving force behind bringing Spenda's vision to life and works closely with his team to deliver a seamless experience for Spenda's customers.

CHIEF PRODUCT OFFICER Dave Wood

Dave is also a member of Spenda's Executive Team and plays a key role in the Company's strategic direction.

Spenda Product Overview

Spenda Integrated Value Chain

Apps designed to stand alone or connect to form a complete integrated EPA system.

*Brought to market through partner collaboration with GSP Insight **Brought to market through partner collaboration with Greenshoots

Past Product Launches

SpendaService is a fully integrated iPad based Service Management and Point Of Sale application customised for the automotive industry.
The target audience for this product suite is small to medium independently owned mechanical workshops or franchise groups.
The SpendaService bundle will be a suitable upgrade for businesses currently using some sort of Service Management software or a significant leap in functionally for businesses using paper-based booking and invoicing systems.
Our service application has been optimised for the typical automotive repair scenarios being:
- Scheduled logbook services;
- Unexpected break-fix services;
- Vehicle Inspections;
- Follow up on recommended works.
• Launching in June 2021

SpendaService - Automotive

Unlike SpendaService Pro which relies on partner collaboration, the software behind SpendaService is built in-house and runs as a companion to SpendaPOS.

PAY-BY-LINK

Pay-by-link is a secure payment method that removes the need for customers to provide their credit card details to a third party.

Businesses are able to provide their customers a link via either email or text message, that they can use to make payment.

DROP-IN PAYMENT WIDGET

The Spenda Drop-in Payment Widget is an easy to install payment service which can be integrated to existing eCommerce or booking web experiences.

Users will be able to use their saved Spenda payment methods wherever the Spenda Drop-In Widget is used.

Workflow Payments

QUOTE-TO-PAY

Designed to connect a pay-by-link service and enable customers to action payment to a business when they accept a quote, book a job or receive your request without ever surrendering their card information.

The system generates a link which is sent to a customer that prompts them to enter their credit card information, removing the need to provide sensitive details over the phone.

These features will be available through the BPSP / BPA agreements

SpendaWallet

12 Sellers will offer fast, low cost terminal free payments to buyers
- Customers will be able to pay with credit card, bank account or via deferred payments
- 100% cardholder privacy and control for Customers.
- Collect receipts and manage warranty in the one place
- Launching 2022

RETAILERS & RETAILER SERVICE PROVIDER

Invite Trade Pay

WHOLESALER DISTRIBUTOR MANUFACTURER

Invite Trade Pay

Spenda Integrated Value Chain Collaboration

Quote to Pay

SpendaCollect Wholesale Services

Debt Collection
Payment Flexibility
Liquidity
Integration
Collaborative Ordering

SpendaMarket

Richard Jarvis is the Chief Financial Officer at Cirralto.

He is a qualified Chartered Certified Accountant with over 20 years of international financial experience gained in public practice and with various ASX, AIM and TSX-V listed companies, including 15 years spent in senior managerial roles.

CHIEF FINANCIAL OFFICER Richard Jarvis

As a member of Spenda's Executive Team, Richard plays a key role in driving the Company's strategic direction and helping to facilitate growth.

The Spenda Product suite is a powerful industry agnostic software solution.
If you are a B2B player, Spenda is relevant.
We are not just a payments company.
We are not just a Software-as-a-Service (SaaS) company.
We are a fully integrated digital payment and business software solution.
We offer ease of integration into existing business systems.
We support ledger-to-ledger visibility between any buyer and any seller.
We deliver a reduction or elimination of hidden costs by using a single dataset.
Ability to offer reduced merchant fees.
We deliver significant cost savings for our customers.

If you are a business, transacting with another business, Spenda is relevant.

Market Fit - The Opportunity

• 2020 was a transformational year for the Company

Recapitalising the balance sheet to gear for growth

• 2021 building on this foundation

Successful completion of $18m Placement

Strong cash position ($23.8m at 31 March 2021)

Debt free

• Steady growth in revenue and cash receipts year to date, which exclude any BPSP/BPA payments revenue.

Financial Snapshot

We are at the beginning of what we anticipate to be an exciting period of sustainable revenue growth.

Revenue earned YTD excludes:
- BPSP/BPA Payments revenue potential ; and
- Financial services revenue potential.
Cirralto revenue model:
- SaaS revenue
- Implementation revenue
- Training and Support revenue
- Hardware sales
- BPSP/BPA Payments revenue*
- Financial services revenue**

Income Diversification

* Enabled through BPS / BPA agreements.

** Potential revenue stream via Invigo partnership agreement.

Market, Sales and Implementation Execution UNDERSTANDING THE GROWTH STRATEGY

• Our Sales Team is well structured to deliver on commercial goals and presently includes three front runners that are focusing on the acquisition of wholesalers, distributors and relevant

We have an energetic and positive Sales Team engaging our customers.
connected trading partners. These businesses sell to retailers.
SpendaCollect solution, sourcing invoices and making payments via the platform.
products.

• Each of these resources are focused on winning four nodes with an average of 1,000 Customers each per month using SpendaCollect as the solution to enable business payments.

• Our Customer Success Team is focused on enabling our Customer's Customer to adopt the

• Our baseline target is to upgrade 5% of our Customer's Customer to Spenda's payments

NOTE: Current engagements would suggest distributors in our target segment have at a minimum 1,000 trading debtors.

As our payments and financial services income streams come on stream through the coming months, the average revenue per user (ARPU) should continue to grow along with revenue.
Our recurring income metrics are strong and well defined making the job to create positive cashflows one of a steady acquisition of customers in target demographics.
It is imperative that we grow purposefully and then allow our software to connect other businesses through the built in invitation model, assisted self on boarding and improve credit and risk processes to deliver the boost to revenue.

CREATING POSITIVE CASHFLOW Volume Play

Following established markets in Automotive, Food Service Pet and Fashion the company has developed a keen focus on Food Production and Primary Production.
Market opportunities include:
- Wine & Alcohol
- Livestock
- Grains
- Fruit and Vegetables
The company has internal expertise in agriculture with our Chairman Peter Richards also chairing Grain Corp, and non-exec director Stephen Dale with several farming interests.
The company has developed a variety of products that harness payments and financials services tailored for primary producers.

EXPANDING INTO AGRIBUSINESS Target Markets

Ingredients to Accelerate

PRODUCT	Applications	We OWN a set of compelling technologysolutions for businesses across multiplemarkets
	Integration
	Payments
	Financial Services
PEOPLE	Scale to attract talent	We have a culture of innovation andresilience coupled with the expertiserequired to succeed.
	Strong core team
	Talented new recruits
	balancing of compentencies
CAPITAL	No debt	We have the capital base to accelerate andrealise our potential.
	$23.5m
	Revenues

ASG / Appstablishment Software Group - refers to Appstablishment Software Group Pty Ltd and all its subsidiaries.

Average Revenue Per User ("ARPU") - is calculated by summing Cirralto's total revenue and dividing this by total licensees on the last trading day of each month.

Australian B2B Payments Market - Total Australian B2B payments market as defined by industry research.

BPA - Business Payment Aggregator agreement . Announced on 14 December 2020 - Cirralto signs a BPA Agreement with Fiserv and MasterCard.

BPSP - Business Payment Solution Provider agreement. Announced on 7 December 2020 - Cirralto Enters into a Business Payment Solution Agreement with Fiserv and Visa.

Customer - the term 'customer' or 'licensee' are used interchangeably.

Merchant Turnover - Merchant turnover is the total sales made by a business in a given period.

SaaS Engagement - SaaS or Software as a Service is a month to month or fixed subscription license for software.

SaaS - Software as a Service.

Registered Office Suite 103, Level 1 2 Queen Street

Melbourne, VIC 3000

1300 682 108

[email protected]

cirralto.com.au