TZ LIMITED — AGM Information 2024

Nov 20, 2024

Level 2, 40 Gloucester Street The Rocks NSW 2000, Australia

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TZ Limited

www.tz.net

ABN 26 073 979 272

21 November 2024

ASX Announcement

AGM Presentation

TZ Limited (“ TZ ” or the “ Company ”) is pleased to release the attached AGM Presentation ahead of its Annual General Meeting today.

This announcement is authorised for release by TZ Limited’s Board of Directors.

For further information, please contact:

Peter Graham Chairman Phone: +61 412 225 616 Email: p.graham@tz.net

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2024 Annual General Meeting

TZ Limited 21 November 2024

#1

What is ?

Keyvision is a high margin, recurring revenue proptech company based in Melbourne, Victoria.

A PropTech's purpose is to transform the built world and make it more digital, climate-conscious and efficient by applying innovative Tech.

Keyvision supplies a Tenant App to high rise complexes – premium residential apartment buildings.

A Retail App for Shopping Centres; a Community App for Special Groups or Organisations, or even an App dedicated to a “residential development”.

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VTS Buying Tenant Management Software Platform Lane Technologies for $200M

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#2

TZ and Keyvision would be the only fully integrated supplier as competitors outsource locker supply

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TZ, a smart locker company, specialises in providing secure, intelligent locker systems for package delivery, asset management, and personal storage across real estate, logistics, and corporate sectors.

The acquisition of Keyvision opens new markets for TZ, including residential complexes, multi-family developments and commercial office buildings where tenant apps are increasingly essential.

TZ gets the SaaS fees from the Smart Lockers and Keyvision gets the SaaS fee from the Tenant App

Integrating of Keyvision opens with TZ’s smart lockers allowing tenants to seamlessly schedule package pickups, receive real-time notifications, and manage locker use remotely, significantly improving user convenience.

Twin revenue streams and the CROSS-SELL opportunity

Keyvision creates a digital ecosystem where TZ can offer additional services alongside its core locker products, such as cleaning services, concierge support, food delivery, and other on-demand amenities.

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#3

The Acquisition Metrics – industry multiples

The purchase to be paid out of the cashflow of the combined businesses

Short listed and negotiated Identified High activity and valuations with 4 target companies, in this PROPTECH market 55 companies 3 local and 1 UK globally sector

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October 2021
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October 2021 March 2023
Interview with Lane CEO in 2021 May 2024
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Interview with Lane CEO in 2021 May 2024
November 2019
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Interview with Lane CEO in 2021
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Interview with Lane CEO in 2021 May 2024
November 2019
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#4

The acquisition is subject to due diligence and the receipt of any necessary approvals

1. Completion payment of $2.5M on settlement – anticipated 31 December 2024

2. Progressive instalment payments over 4 years based on Keyvision achieving Annual Revenue Targets

Instalment Payments and Bonus Payment

1. If fails to meet Annual Revenue Target, then the Instalment is adjusted down by an equal percentage

2. Total Instalment payments are capped at $7,500,000

3. If the Annual Revenue in Year 4 is equal to, or greater than, $3.94m, then the vendor is eligible for $2,500,000 Bonus Payment

The Instalment Payments will be calculated based on the annual revenue from all customer engagements including licensing, service and subscription sales by the Group in the following periods

NOTE:

The transaction is subject to Due Diligence and the receipt of any necessary approvals.

Year	Annual Revenue Target	Instalment Payment	Payment Date
1	$1,600,000	$1,500,000	30 Business Days after the end of Year 1
2	$2,100,000	$2,000,000	30 Business Days after the end of Year 2
3	$2,700,000	$2,000,000	30 Business Days after the end of Year 3
4	$3,500,000	$2,000,000	30 Business Days after the end of Year 4

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#5

Compelling Financials

“Based on current modelling, TZ expects that operating cash flows generated by the combined enterprise over the next 4 years will be sufficient to fund both the deferred purchase price and pay down the company’s debt”.

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To achieve that target The company will require the combined ANNUAL RECURRING REVENUE (ARR), currently at over $5M per annum, to reach $10.5M in 4 years. That will require 20% pa growth.

Currently TZ’s ARR is growing at > 20% (zero to $4M in 4 years) and Keyvision’s ARR is growing at > 20% (FY24 revenue $700K and contracted calendar year 2025 revenue of $1.2M).

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83 Pirie Street Adelaide
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Q&A Centre Brisbane
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Major Keyvision deployments

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83 Pirie Street Adelaide
The One Residence Brisbane
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720 Bourke Street Melbourne
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Banksia Docklands Melbourne
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Escala Docklands Melbourne
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YarraBend Alphington Melbourne
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Beyond Apartments Hurstville Sydney
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140 William Street Perth
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1 William Street Brisbane
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Union Quarter Spotswood Melbourne
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Sanctuary Lakes Melbourne
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Major Keyvision deployments

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Collins Arch Melbourne Freshwater Place Southbank
Brisbane Quarter
Melbourne
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M Centre Monash Melbourne
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United Care Aged Living Leichhardt Sydney
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Prima Tower
Southbank
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Some of the properties under contract

Reflecting resort living; retirement aged care; residential and office towers

Milton Green Brisbane

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Aqui Promenade
Melbourne
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Abode 318
Melbourne
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