VECTION TECHNOLOGIES LTD — Interim / Quarterly Report 2021

May 2, 2021

VECTION OPERATIONAL UPDATE Q3 FY21 (ASX:VR1)

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3 May 2021

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, Trainer Creator 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.

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

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

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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2 | OPERATIONAL UPDATE - Q3 FY21

Mixed Reality CAD visualisation by Vection.	2 Company Overview & Commercial Update 1 Strategy Overview 3 Business Overview Corporate Overview 4 5 Q&A and Investor Conference Call Details

COMPANY OVERVIEW - AN AMBITIOUS EMERGING TECHNOLOGY COMPANY

• to date with ~$2.1M in orders value vs ~$0.7M in audited revenue during the first half.

• Global expanding presence in 4 continents with dedicated service teams, and 150+ client portfolio across the group.

• Driving towards a vision of leading the 4th digital industrial revolution via a strong technology advantage in 3D, VR, AR, XR, Cloud Computing and their convergence with emerging technologies including AI and Cyber Security .

• Uniquely positioned to help customers digitally transform their business with leading proprietary real-time technologies & know-how .

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~ $2.1M

~ 300%

year 2021 to date half fiscal year 2021 revenue

150+

Global client portfolio

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4 | OPERATIONAL UPDATE - Q3 FY21

SECOND HALF OF FINANCIAL YEAR - CLIENT SELECTION

among others:

• Volkswagen : a leading global automotive manufacturer.

• • Trenitalia : one of the leading railway operators in Europe and the primary train operator in Italy, and a subsidiary of Ferrovie dello Stato Italiane S.p.A., owned by the Italian government.

• Olivetti : IoT Digital Farm of TIM Group (BIT:TIT), leading telecommunications operator in Europe.

• Unopiù : luxury furniture manufacturer.

• CompuGroup Medical (CGM) : leading global eHealth company.

• JMC Group : an end-to-end DELL Platinum and OEM Partner specialising in client, OEM and industrial solutions in all its verticals

• The Chinese University of Hong Kong : a top Hong Kong university.

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• Giorgio Armani SpA : an Italian luxury fashion house.

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5 | OPERATIONAL UPDATE - Q3 FY21

A GLOBAL GROWING PRESENCE

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Global HQ
Perth, Australia
Sales & Operations,
Sydney, Australia
BOLOGNA (IT) - EU HQ
European HQ
Bologna, Italy SAN FRANCISCO (US) - SALES
BARI (IT) - R&D
European R&D
Bari, Italy
AHMEDABAD (IN) - OPS
Operations
Ahmedabad, India
North America HQ
San Francisco, U.S.
SYDNEY (AU) - SALES
Global reseller network PERTH (AU) - HQ
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6 | OPERATIONAL UPDATE - Q3 FY21

	1	Company Overview & Commercial Update
	2	Business Overview
	3	Strategy Overview
	4 5	Corporate Overview Q&A and Investor Conference Call Details

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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8 | OPERATIONAL UPDATE - Q3 FY21

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WHAT WE DO - THE DIGITAL TRANSFORMATION (DX) IMPERATIVE

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 (DX) across a range of industry sectors.

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DIGITIZATION

DIGITALIZATION

DIGITAL TRANSFORMATION The process of devising new business applications that integrate all the digitized data and digitalized application.

The process of making information available and accessible in a digital format.

The act of making processes more automated through the use of digital.

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9 | OPERATIONAL UPDATE - Q3 FY21

WHAT WE DO - OUR ROADMAP TO GROWTH

We seek to develop highly verticalized 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.

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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10 | OPERATIONAL UPDATE - Q3 FY21

DRIVING DIGITAL TRANSFORMATION FROM AN XR FOUNDATION - CONVERGING DIGITAL TRANSFORMATION ACROSS THE VALUE CHAIN

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DESIGN &
ENGINEERING
MAINTENANCE MANUFACTURING
MARKETING & SALES TRAINING
360° digital transformation (DX) across the value chain
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• 3D

• ● VR ● AR

Converging with:

• Cloud Computing

• ● Industrial Internet of Things ( IIOT ) ● Computer Aided Design ( CAD )

• Product Lifetime Management ( PLM )

• ● Artificial Intelligence ( AI ) ● Cyber Security

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11 | OPERATIONAL UPDATE - Q3 FY21

TECHNOLOGY ADVANTAGE

Design MINDESK CAD plug-in for XR project design and review, in real-time with no time-loss consuming export-import. Design & Sell 3D CONFIGURATOR 3D real-time technologies to generate multiple experiences, also in AR & VR.

Sell 2 FRAME-S Frame-S is a versatile platform to collaborate remotely and create presentations in XR.

Service TRAINER CREATOR Create step-by-step procedures for training, maintenance guidelines and manuals.

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12 | OPERATIONAL UPDATE - Q3 FY21

TECHNOLOGY ADVANTAGE - ACROSS THE VALUE CHAIN AND DIVERSE SECTORS

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DESIGN &
ENGINEERING
MAINTENANCE MANUFACTURING
MARKETING & SALES TRAINING
VALUE CHAIN
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AEC & REAL ESTATE
FASHION, RETAIL & CONSUMER GOODS
MACHINERY
PUBLIC SECTOR & EDUCATION
AUTOMOTIVE & NAVAL
HEALTHCARE & PHARMA
SERVICE AGENCIES
DEFENCE & MILITARY
MARKET SECTORS
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13 | OPERATIONAL UPDATE - Q3 FY21

EMPOWERING TIER-1 CUSTOMERS’ DIGITAL TRANSFORMATION In a short time frame Vection has secured a strong tier-1 customer base including, among others:

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AEC & REAL ESTATE MACHINERY AUTOMOTIVE & NAVAL SERVICES & AGENCIES
RETAIL & CONSUMER GOODS PUBLIC SECTOR & EDUCATION HEALTHCARE & PHARMA DEFENCE & MILITARY
14 | OPERATIONAL UPDATE - Q3 FY21
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PARTNERSHIP ENHANCED PROPOSITION - EXTENDING REACH & VALUE THROUGH OUR PARTNERS

SOFTWARE HARDWARE INDUSTRIAL

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Strong partnerships allow us to guarantee high standards in terms of hardware and software infrastructure and integration, and commercial exposure.

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15 | OPERATIONAL UPDATE - Q3 FY21

A GROWING GLOBAL MARKET TREND, ALSO DRIVEN BY THE EUROPEAN UNION RECOVERY PLAN

Vection’s global focus on Digital Transformation (DX) is also underpinned by a European wide recovery plan valued at ~$1.2 trillion.

~ ~ $1.2 T $51 B

The NextGen European Recovery Plan is the EU’s programme to help repair the immediate economic and social damage brought about by the pandemic, reinforcing the multiannual financial framework for 2021–2027 and expected to come to fruition from December 2021. As part of this plan, $51 billion are expected to drive DX in Italy and ~$230 billion across Europe.[1]

The NextGen European Recovery plan’s value.

~ $230 B

Expected to drive Digital Transformation across Europe.

Expected to drive Digital Transformation across Italy.

1https://www.idc.com/getdoc.jsp?containerId=prEUR14749182; https://abcnews.go.com/Health/wireStory/italys-draghi-presenting-epochal-virus-rec overy-plan-77315004; €/AUD Exchange rate at 29 April 2021.

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16 | OPERATIONAL UPDATE - Q3 FY21

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High definition product
rendering by Vection.
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	1	Company Overview & Commercial Update
	2	Business Overview
	3	Strategy Overview
	4	Corporate Overview
	5	Q&A and Investor Conference Call Details

AN AGGRESSIVE GROWTH STRATEGY - MORE VERTICALS, MORE GROWTH OPPORTUNITIES

Vertical Objectives:

MINDESK, FRAME-S, TRAINER CREATOR, 3D CONFIGURATOR

DELIVERED 2 OUT OF 5 MILESTONES IN THE FIRST 4 MONTHS OF 2021.

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18 | OPERATIONAL UPDATE - Q3 FY21

AN AGGRESSIVE M&A GROWTH STRATEGY - TOWARDS A 360° PRODUCT SUITE FOR INDUSTRY 4.0

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2019 2020 2021 2021 2021 2021
Healthcare &
Vection Mindesk Pharma Blank Canvas Target 1 Target 2
3D, VR and AR Real-time engine for 3D Vertical division with 3D rendering and AI, ICT Infrastructure XR and strong market
technologies. CAD in XR. strong market strong market and strong European presence in the North
Europe based. North America. knowledge and team for knowledge and team in commercial market American market
the Healthcare & the AEC and Real presence. segment.
Pharma industries. Estate industries.
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A successful history of well executed M&A transactions towards building a strong product suite and delivery service for Industry 4.0 and DX.

A targeted approach to seek value accretive M&A opportunities in key geographies, the E.U. and the U.S., with minimal dilutionary effect.

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19 | OPERATIONAL UPDATE - Q3 FY21

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High definition Real Estate
rendering by Vection.
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	1	Company Overview & Commercial Update
	2	Business Overview
	3	Strategy Overview
	4	Corporate Overview
	5	Q&A and Investor Conference Call Details

BOARD & MANAGEMENT - A RESULTS DRIVEN TEAM

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Gianmarco Biagi

Managing Director, Vection Technologies

Experienced executive and board member of several multinational manufacturing corporations. Mr Biagi has a postgraduate degree in Engineering and a Master’s degree in Business and Strategic Management.

Gianmarco Orgnoni

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Director & COO, Vection Technologies

VP Vection India

Experienced executive across European and Australian private and publicly listed companies. Mr Orgnoni holds a bachelor’s degree in economics and Business Administration.

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Lorenzo Biagi

Director & CSO, Vection Technologies

CEO Vection Italy

Experienced company manager in the private sector, with extensive knowledge in virtual reality technology, sales and cost control management.

Gabriele Sorrento

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Director & Head of Global Partnerships, Vection Technologies CEO Mindesk Suite

Fulbright Alumnus, M.Sc. in Architectural Engineering, 13+ years of experience in 3D CAD, previously worked with renowned architectural brands including Renzo Piano Building Workshop and Heller Manus Architects.

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Bert Mondello LLB

Chairman, Vection Technologies

Experienced executive with over 20 years’ experience across both the private and public sectors. Mr Mondello has substantial technology, capital markets experience and knowledge of equity markets.

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Vittorio Bava

Head of SaaS, Vection Technologies

Serial founder with experience in startups in food tech and consumer internet, he started his career at Google as a tech analyst. He holds a Msc. in international management from ESADE, Barcelona, and a Bsc. in business administration from Bocconi University, Milan.

Alessandro Nones

Head of R&D & Co-CTO, Vection Technologies

Senior Developer and Manager, creator of multiple software programs published in major computer magazines. He holds the role of team leader in the development of FrameS.

Dino Russo

Operations Manager & Co-CTO, Vection Technologies Senior Developer and Manager, degree in Computer Science, 15+ years of experience as Software Architect. He is specialist in CAD data exchange, he leads the development operations of custom projects.

Andrea Bortolotti

CMO, Vection Technologies

15+ years of experience in the development of Virtual Reality, Augmented Reality and Mixed Reality solutions. Extensive knowledge in technology, game design and history.

Kavit Goswami

CEO, Vection India

10+ years of experience in software development and team management, with over 100 applications developed. He holds a Master of Science and Information Technology from the DAIICT in India.

Paul Clayton

CEO, Blank Canvas, a Vection Technologies company

A results-focused marketer with extensive property marketing experience, having held senior positions at Peet Limited (Perth and Melbourne), Tomorrow Agency (Melbourne), Rare and Brandform (Perth).

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21 | OPERATIONAL UPDATE - Q3 FY21

CORPORATE OVERVIEW

CORPORATE SNAPSHOT

SHARE PRICE / VOLUME HISTORY

• Share Price[1] : 8.7¢

• Shares on Issue[2] : 969.6M

• $84.4M

• Market Capitalisation :

• ● Cash[3] :

• $6.1M

OWNERSHIP BREAKDOWN[4]

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Other Board &
Shareholders Management
34% 40%
Other Institutional
Top 20 Investors
12% 14%
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May-20 Jun-20 Jul-20 Aug-20 Sept-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21
PRICE ($)
VOLUME (UNITS)
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• 1 Share Price at 30 April 2021. 2 Excludes any Deferred Consideration and/or Performance Rights/Shares.

• 3 At 31 March 2021

• 4 At 30 April 2021

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22 | OPERATIONAL UPDATE - Q3 FY21

Break-through Healthcare & Pharma technologies.

	1	Company Overview & Commercial Update
	2	Business Overview
	3	Strategy Overview
	4	Corporate Overview
	5	Q&A and Investor Conference Call Details

Q&A AND INVESTOR CONFERENCE CALL DETAILS

Vection’s management will host a conference call on Tuesday 4 May 2021 at 12pm AEST to discuss the investor presentation and to provide an update of the Company’s business strategy and financial performance.

Participants must register in advance for the investor call using the following link to receive dial-in details: https://zoom.us/webinar/register/WN_g5cGX5HTTnmxSpWdVVQ xWg After registering, you will receive a confirmation email containing information about joining the webinar.

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Please share your questions in advance to the Company at AUpress@vection.com.au

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24 | OPERATIONAL UPDATE - Q3 FY21

Investor Relations Contact Details

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

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

vection.com.au mindeskvr.com blankcanvas.studio

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Corporate Headquarters

642 Newcastle Street, Leederville WA 6007, Australia

Australian Sales & Operations:

Studio 56, L5, 61 Marlborough St, Surry Hills, NSW 2010, Australia

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

India Operations

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

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