VECTION TECHNOLOGIES LTD — Capital/Financing Update 2021

Apr 26, 2021

27 April 2021 | Australia

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ASX RELEASE

ACQUISITION PRESENTATION

COMPLETION & INVESTOR

Real-time software company Vection Technologies Ltd ( ASX:VR1 ) ( Vection Technologies , Vection or the Company ) is pleased to advise on the completion of the acquisition of leading Australian archviz studio, Blank Canvas Studios (Aus) Pty Ltd ( Blank Canvas ), as announced on 15 April 2021.

Completion of the acquisition follows the satisfaction or waiver of conditions precedent and other completion requirements set out in the Company’s ASX announcement dated 15 April 2021.

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An investor presentation setting out the key benefts of the Blank Canvas acquisition is appended to 3D this announcement. Investor Relations Contact Details VIRTUAL REALITY Gianmarco Biagi - Managing Director (Europe Based) Email: gianmarco.biagi@vection.com.au Phone: +39 051 0142248 AUGMENTED Gianmarco Orgnoni - Director and COO (Australia Based) REALITY Email: gianmarco.orgnoni@vection.com.au Phone: +61 8 6380 2555 About Vection Technologies: INDUSTRIAL IoT Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation. Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.

For more information please visit the Company’s websites: vection.com.au mindeskvr.com

ASX release authorised by the Board of Directors of Vection Technologies Ltd.

Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

1

Address: 642 Newcastle Street, Leederville WA 6007 Phone: +618 6380 2555

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

???? BLANK CANVAS - ACQUISITION PRESENTATION (ASX:VR1)

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DISCLAIMER

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DISCLAIMER

This presentation has been prepared by Vection Technologies Limited (ACN 614 814 041) ( Vection Technologies or the Company ) and is for information purposes only. It does not constitute financial product or investment advice or a recommendation to acquire Vection Technologies shares and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. Vection Technologies is not licensed to provide financial product advice in respect of Vection Technologies shares.

Vection, Vection Technologies, FrameS, Mindesk, and their respective logos, are trademarks or registered trademarks of Vection Technologies, or its subsidiaries. All other registered or unregistered trademarks mentioned in this presentation are the property of their respective owners, and no trademark rights to the same are claimed.

Financial Data - All dollar values are in AUD dollars (AUD or $) unless otherwise presented.

Future performance - Forward looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. An investment in Vection Technologies shares is subject to investment and other known and unknown risks, some of which are beyond the control of Vection Technologies. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Vection Technologies employees, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this Presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances.

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A STRATEGIC ACQUISITION TO SUPPORT GROWTH

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OUR MISSION

We continue to pursue new ways to help organisations collaborate, innovate and create value through our evolving suite of real-time technologies.

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OUR ROADMAP TO GROWTH

To realise the full potential of our 3D , Virtual Reality (VR), Augmented Reality (VR), Internet of Things (IoT) and Computer Aided Design (CAD) platforms, we’re committed to driving digital transformation across a range of industry sectors.

We seek to develop highly verticalised extensions to our core technology stack aimed at anchoring our solutions in clients’ core processes, assessing key market drivers and demands for verticalised Vection solutions to enable strong future growth , following the Build / Acquire / Partner strategy.

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These sectors include (but not limited to) Healthcare & Pharma, Architecture, Engineering & Construction (AEC), Real Estate, Communications & Media, Fashion & Retail and emerging technologies including Artificial Intelligence (AI) and Cyber Security.

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OUR LATEST ACQUISITION

We have acquired Blank Canvas , one of Australia’s leading architectural visualisation studios , as part of our plan to disrupt the AEC and real estate sectors.

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We believe the business is undervalued relative to its alignment with our commercialisation strategy within this multi-billion dollar industry .

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TRANSACTION SUMMARY

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WHAT

Following a robust due diligence process, Vection Technologies has fully acquired leading Arch. Viz. studio, Blank Canvas via a transaction comprising part cash and part VR1 share issue with minimal dilution for shareholders.

WHY

Vection and Blank Canvas will supercharge the digital transformation of operators in the Architecture, Engineering and Construction (AEC) and Real Estate sectors, creating value across the value chain; from Design to . Sales & Marketing

HOW

Blank Canvas adds new Arch. Viz. skill sets, proven revenue potential and a powerful distribution channel to the Vection Technologies stable, and unlocks then potential for an aggressive AR & VR play in the AEC/real estate industry.

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INDUSTRY OVERVIEW

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ARCH. VIZ. OVERVIEW

Architectural visualisation, or ‘Arch Viz.’ is the visual representation of architectural design , far beyond what a 3D model can produce. The industry has grown significantly in recent years, in line with technological advances and increased demand. Arch Viz plays can play a key role in enhancing the architectural design process for infrastructure, commercial and residential developments. It also has a range of marketing and sales applications within the real-estate sector (specifically around apartment developments and new homes).

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ARCH. VIZ. OVERVIEW

Blank Canvas will build on Vection’s existing XR enhanced design capability through improved architectural visualisation. Moreover, we can now extend our value proposition across the entire real-estate sector, from design to marketing and VR and AR led customer experiences that support sales.

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From architectural models

To building in 3D

To photorealistic imagery

To immersive AR & VR experiences

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COMPANY OVERVIEW

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ABOUT BLANK CANVAS

Company overview

• Industry-leading Arch. Viz studio, operating at the premium end of the market

• Client base comprises commercial and residential developers along with various Government agencies, with engagement around infrastructure projects

• Existing product suite comprises photo-realistic still imagery and animation

• Proven revenue performance in WA and NSW in line with Perth and Sydney studio presence; untapped growth potential in QLD and VIC

180+ 300+

Project clients, including major ASX listed developers.

Infrastructure, commercial and residential projects delivered.

3000+

Database of architects and developers.

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ABOUT BLANK CANVAS

Company overview

The Blank Canvas team comprises 3D modellers and artists, along with a broader team fulfilling production management, creative direction, client service, sales and management functions, with key personnel shown herein.

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PAUL CLAYTON MANAGING DIRECTOR

A results-focused marketer, Paul has extensive property marketing experience, having held senior positions at Peet Limited (Perth and Melbourne), Tomorrow Agency (Melbourne), Rare and Brandform (Perth), Rare’s dedicated project branding, design and creative offering, which he founded in 2017.

He has also worked on iconic apartment projects with tier one developers such as Sirona Capital, Edge Visionary Living, Blackburne, Mirvac and Defence Housing Australia, among others. Paul is passionate about better integrating 3D imagery with marketing application at every stage of the customer journey to achieve exceptional results for clients.

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KEY PEOPLE

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ADRIAN KEYTTON CREATIVE DIRECTOR

Adrian is a qualified architect with 15 years of experience with leading international companies such as AECOM (North America and Europe) and OPUS (Australasia and Pacific), where he worked with clients including Hyatt, Toyota, General Electric, Hewlett-Packard and Pfizer in special project and senior architect roles.

Adrian then moved into 3D design, blending an understanding of the design intent of buildings and environments with the creative sensibility required to create cinematic imagery.

His extensive Blank Canvas experience now includes residential, commercial and infrastructure visualisation projects for clients across Australia, New Zealand, North America, Europe and the Middle East.

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NISSA BETTESS LEAD PRODUCTION MANAGER

Nissa’s unofficial title is Manager of doing All the Things, which is a key role that has continued to evolve since she joined Blank Canvas from Binyan in 2016.

She has helped create and refine a highly efficient production workflow that enables the studio to find a perfect balance between industry-leading creativity and the cost effective and timely delivery of projects for clients.

Often described as the heart and soul of Blank Canvas, Nissa’s commitment to culture and team development is vital to consistently raising the standard of creativity and technical proficiency within the studio.

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CHRIS TOOVEY SENIOR ACCOUNT MANAGER

Chris has worked in architectural visualisation and 3D animation for over fifteen years.

Prior to joining Blank Canvas Chris ran Toucan Creative, a leading animation studio with extensive experience creating animated videos for major infrastructure and transport projects, including Optus Stadium and Stadium Station, Fiona Stanley Hospital the Forrestfield-Airport Link and METRONET among others.

Chris’s understanding of the architectural visualisation and animation processes from both creative and technical perspectives adds enormous value to Blank Canvas clients in his role as Senior Account Manager.

Adrian’s technical expertise was also instrumental in developing and evolving the innovative Blank Canvas Content Imagery Model. He personally oversees every Blank Canvas project to maintain the exceptional high standard of quality the studio has become renowned for.

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INDUSTRY LEADING PROJECTS

Residential

Visualisation to support the marketing and sales for major developments, typically ranging between $50m - $300m+ (USD) in Gross Realisable Value.

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INDUSTRY LEADING PROJECTS

Commercial

Visualisation for major funds and developers to attractive investment and commercial tenants.

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COMMERCIALISATION STRATEGY

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COMMERCIALISATION STRATEGY

The Blank Canvas acquisition will unlock significant revenue opportunities in the Architecture, Engineering, Construction (AEC) and Real Estate sectors within the Australasian market (and beyond) via a range of industry oriented and consumer facing products and services. These opportunities are outlined as follows.

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COMMERCIALISATION STRATEGY

Re-imagining Urban Planning & Design

Urban planning is the framework by which communities are created and enhanced.

Pairing Blank Canvas’ infrastructure and architectural visualisation capabilities with Vection’s real-time technologies could transform city planning and community engagement processes via new product offerings geared towards Federal, State and local Governments, as well as planning consultants.

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AR and VR has the potential to transform the urban planning, design and consultation process.

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COMMERCIALISATION STRATEGY

Enhanced architectural design

Our real-time technologies are already augmenting design process across a range of industries worldwide. Blank Canvas’ capability will help take this to a new level through real-time, hyper-realistic visualisation of architectural models.

New software integrations could provide further potential for SaaS based visualisation products for the architectural industry, with Blank Canvas presenting as the optimal beta testing vehicle to refine and commercialise these new products.

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Real-time photo-realistic representations of architectural models will enhance the design process.

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COMMERCIALISATION STRATEGY

Game changing real-estate marketing & customer experiences

The Australian ‘off-the-plan’ (OTP) development and building sectors are worth billions of dollars. The industry is highly competitive, with developers constantly seeking new ways to differentiate their project designs.

Architectural visualisation plays a vital role in bringing OTP product to life for prospective buyers. Through Vection’s tech, Blank Canvas will create immersive VR and AR experiences that take development marketing to a new level.

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Vection Technologies’ real-time platforms will build on Blank Canvas’ existing visualisation capabilities to create immersive experiences for consumers.

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COMMERCIALISATION STRATEGY

Market opportunity

Australia’s rapid and continued COVID recovery, supported by a range of Government stimulus packages and incentives, is fuelling the design and development of new projects across Australia. This represents an exceptional opportunity for Blank Canvas to broaden its market focus and share for existing products and services, along with a new suite of AR and VR offerings , powered by Vection.

According to realestate.com.au there are currently 519 residential developments in market, which is broadly representative of the total present new project market size for Vection and Blank Canvas services (not including infrastructure and commercial projects).

No of live developments in market.*

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Total:
519
106
56 132
8
18
199
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*According to realestate.com.au Profile Profile listings.

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STRATEGIC ALIGNMENT

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• Proven real-time technologies in the 3D, AR & VR space

• Global presence with direct access to growth markets in the US and Europe

• Agile product development capability

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• Market leading 3D rendering/animation

• Powerful brand with national recognition

• Unique workflow provides competitive advantage

• Strong distribution network (3000+ architectural design firms and developers)

Significant growth opportunities

• Increased market presence

• New market segments — End to end workflow product solutions — Product development opportunities — Enhanced marketing for Vection Technologies, leveraging Blank Canvas skillsets

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VERTICALIZATION STRATEGY MILESTONE UPDATE

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EXPANDED AEC & REAL ESTATE CLIENT PORTFOLIO WITH BLANK CANVAS

AEC & REAL ESTATE

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MACHINERY

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AUTOMOTIVE & NAVAL

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SERVICES & AGENCIES

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RETAIL & CONSUMER GOODS

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PUBLIC SECTOR & EDUCATION

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HEALTHCARE AND PHARMA
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LEADING STRATEGY OVERVIEW

Vertical objectives

CORE TECHNOLOGIES

MINDESK, FRAME-S, TRAINER CREATOR

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CORE VERTICALS
HEALTHCARE & PHARMA AEC & REAL ESTATE COMMUNICATIONS & MEDIA FASHION & RETAIL OTHER
Key Vertical Key Vertical Key Vertical Key Vertical Key Vertical
— Strong growth segment — Strong growth segment — Strong growth segment — Strong growth segment — Identification of technologies
key for vertically integrated
— Internally build functionality — External opportunities — Internally build functionality — Internally build functionality
solutions including: cyber
to expand competencies
— Addition of expertise with — Addition of expertise with — Addition of expertise with
security, IoT, CAD, BIM and more
for value added industry
launch of new division launch of new division or via launch of new division
verticalisation — Identification of consulting arm
external opportunities
for value added creation
IDENTIFIED VERTICALS
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2 out of 5 milestones achieved in the first 4 months of 2021

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???? Investor Relations Contact Details

Gianmarco Biagi - Managing Director (Europe Based) gianmarco.biagi@vection.com.au +39 051 0142248

Gianmarco Orgnoni - Director and COO (Australia Based) gianmarco.orgnoni@vection.com.au +61 8 6380 2555

vection.com.au mindeskvr.com

Corporate Headquarters

642 Newcastle Street, Leederville WA 6007

Europe Headquarters

Via Isonzo 61, 40033 Casalecchio di Reno (BO), Italy

Europe R&D

Via Volga c/o Fiera del levante, 70132 Bari (BA), Italy

North America Headquarters 785 Market Street, #600 San Francisco CA 94103, USA

I ndia Operations 903, Samedh Complex, Panchvati Cross Road, C.G Road, Ahmedabad – 380009 Gujarat, India

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