VECTION TECHNOLOGIES LTD — Investor Presentation 2021

Aug 31, 2021

FULL YEAR INVESTOR PRESENTATION

LEADING THE XR ENTERPRISE REVOLUTION

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ASX:VR1 September 1, 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 Technologies, its subsidiaries 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 $) and are unaudited (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 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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Full Year Investor Presentation 2021

loT CAD/CAE HW XR 3D VR AR AI ICT

loT CAD/CAE CLOUD XR 3D VR AR AI ICT

VECTION SEEKS TO IMPACT BUSINESS INNOVATION THROUGH THE COMBINATION OF EMERGING TECHNOLOGIES ACROSS THREE LEVELS OF VALUE CREATION:

CLOUD HW XR 3D VR AR

• Core XR platforms

• Integrated with emerging technologies

• Verticalised by industry/market.

 Core Vection Platforms  Integrated Technologies  Key Markets and Customers

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Full Year Investor Presentation 2021

EXAMPLE: BREAK-THROUGH MEDICAL APPLICATIONS

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HEALTHCARE &
PHARMA
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Surgeons can visualise in their field of view (hand-free), in AR, all the data necessary for surgeries, including diagnostic images, surgery checklist and endoscopic video-feed.

As part of the Italian model for risk management in healthcare (ASX:24 May 2021), Vection has extensively trialled its technology to ensure the development of key features together with leading medical doctors.

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Full Year Investor Presentation 2021

EXAMPLE: ENHANCED DECISION MAKING FOR THE AEC SECTOR

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REAL
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AEC architects and engineers require tools to visualise CAD, CAE and BIM models during the design process with the objective of reviewing choices within a photorealistic space.

Vection’s Mindesk enables CAD/CAE/BIM and Unreal live integration, viewing changes in real-time, cross-platform, while generating faster design decision through instantaneous visualization and quick and easy presentations of design options and alternatives to clients.

Images courtesy of Daniele Barone.

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Full Year Investor Presentation 2021

EXAMPLE: ENHANCED MACHINERY MAINTENANCE & TRAINING

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MACHINERY
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Complex products often require specific training to be operated or serviced: this means that technicians have to travel to give assistance to customers, which is costly in terms of time and money.

Vection’s Trainer Creator makes customers more independent and reduces downtime, while reducing onboarding and training costs, preserving knowhow, making field operators more autonomous, reducing delivery time, costs and environmental impact by minimising on-site maintenance and reducing downtime penalties.

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Full Year Investor Presentation 2021

EXAMPLE: BREAK-THROUGH PRODUCT VISUALISATION FOR THE AUTOMOTIVE SECTOR

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AUTOMOTIVE
& NAVAL
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Extraordinary products require break-through tools for presentation. Vection’s FrameS deploys showrooms globally to stimulate customers’ emotional response and long-term engagement.

It is a virtual showroom where customers can customize their dream vehicle. The application has a natural interface that allows customers to configure their car paint gamma in total autonomy.

Benefits include customer’s emotional response, brand recognition, autonomous product customisation and collaboration across all sales channels.

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Full Year Investor Presentation 2021

FY 2018

UPLIFT

FY 2021

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BUILDING A GLOBAL TECHNOLOGY COMPANY

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(Commencement of Strategy)
[ (See note below)]
Revenue [1] ~$0.5M ~$10M+ 20X
People 20 100+ 5X
Technology / Platforms ICT 3D, VR, AR, XR, loT, CAD, AI, ICT
3 9 3X
Global Offices
Verticals 3 10 3X
Net Assets [2] ~$(0.6)M ~$12M 21X
Cash At Bank [2] ~$0.5M $7M+ 14X
Share Price [3] 1.6¢ 9¢ ~6X
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(1) FY21 revenue is unaudited and assumes full financial year results (full 12 months) from acquisitions of JMC Group and Blank Canvas (ASX: 4 August 2021; ASX: 27 April 2021). Please refer to Preliminary Appendix 4E for more information on FY21 results. (2) At 30 June 2018 and 30 June 2021

(3) At 23 August 2018 and 31 August 2021

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Full Year Investor Presentation 2021

STRONG REVENUE GROWTH PLATFORM

Revenue on a yearly basis (FY18-FY21)

~$10M REVENUE $12.5M GROWTH PLATFORM ~$10M CONSIDERING $10.0M UNAUDITED REVENUE FROM ACQUISITIONS ON A FULL $7.5M FY21 BASIS. STRONG FY22 $5.0M MOMENTUM ~$3M UNDERPINNED BY ~$4M IN TOTAL $2.5M ~$1M CONTRACT VALUE ~$500K (TCV) IN FIRST 2 MONTHS. $0M FY18 FY19 FY20 FY21 Audited Audited Audited Unaudited

FY21 revenue is unaudited and assumes full financial year results (full 12 months) from acquisitions of JMC Group and Blank Canvas (ASX: 4 August 2021; ASX: 27 April 2021). Please refer to Preliminary Appendix 4E for more information on FY21 results.

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Full Year Investor Presentation 2021

32%

DIVERSIFIED, EXPANDING VERTICAL FOCUS

 AEC & Real Estate

$4M FY22 TOTAL CONTRACT VALUE (TCV) IN FIRST 2 MONTHS OF FY22, STRONGLY UNDERPINNING COMPANY’S STRATEGIC OUTCOMES.

 Public Sector & Education

• Defence, Military & Law Enforcement

 Sports & Betting

• Media & Communication

• Healthcare & Pharma

• Automotive & Naval

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5%
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9%
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14%

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• Service Agencies

 Fashion, Retail & Consumer Goods

 Machinery

 Other

15%

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19%
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Full Year Investor Presentation 2021

GOALS AND OUTLOOK:

Revenue Acceleration

International Expansion Further Strategic Acquisitions Scalable XR Technology

Management’s goal is to double yearly revenue underpinned by core XR platforms upselling and increasing TCV and ACV metrics (supported by $4M TCV at August 2021). A significant international opportunity underpins Vection’s strategy in FY22 supported by strong direct market presence. Targeting a combination of scale, sales team, integrated technologies and geographical expansions.

Solid XR technology platforms and business applications able to be replicated across diversified industries and geographies.

Market Trends

Increasing accessibility of smartphones, applications and wearables and pandemic considerations are just some of the trends underpinning a fast-growing global XR market projected to reach $463.7 billion by 2026.[1]

(1) www.mordorintelligence.com/industry-reports/extended-reality-xr-market

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A TRANSFORMATIVE YEAR OF GROWTH ALIGNED WITH THE STRATEGY

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DELIVERING ON THE VISION

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1,3
2 MARKET
REVENUE CAPITALISATION
SHARE PRICE1 ~$0.5M ~$12M
1¢
REBUILDING
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 Renewed Board of Directors

Defined long term strategy
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 Divested non-core assets
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2017 - 2018

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1,3
MARKET
4
CAPITALISATION
REVENUE
~$110M+
SHARE ~$3M
PRICE 3
12¢
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TRANSFORMING
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• Acquisition of Vection

• Focus on 3D, VR/AR enterprise software

• Name and ASX code change

• Transformational strategy towards recurring revenue business model

• Acquisition of Mindesk Inc

• Strong client interest and revenue growth

2019 - 2020

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MARKET
5
CAPITALISATION
REVENUE
SHARE $10M+
PRICE
LEADING STRATEGY
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• Implementation of strategy towards internal and external value building initiatives for long term recurring revenue growth across key industries aligned with market trends

2021 - 2023

(1) Share price at 18 December 2018. (2) Audite Revenue FY18. (3) Share price at 31 December 2020. (4) Audited Revenue FY20. (5) FY21 revenue is unaudited and assumes full financial year results (full 12 months) from acquisitions of JMC Group and Blank Canvas (ASX: 4 August 2021; ASX: 27 April 2021). Please refer to Preliminary Appendix 4E for more information on FY21 results.

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Full Year Investor Presentation 2021

STRONG PROGRESSION ACROSS ALL OBJECTIVES

VECTION RELEASES VECTION OEM VECTION SECURES VECTION LODGES VECTION JOINS VECTION JOINS VECTION INTEGRATES VECTION COMPLETES NEW MINDESK 2020.03 PARTNERSHIP TARGETS FIRST PUBLIC HOSPITAL HEALTHCARE PATENT FACEBOOK ISV PROGRAM AUTODESK - MICROSOFT WITH DELL PRECISION FIRST BUNDLE SALES TO WITH MULTI-USER VR DELL GLOBAL SALES MILESTONE APPLICATION & LAUNCHES MINDESK PROGRAM HW FOR VR SOLUTION DELL OEM PARTNER CAD FORCE 2020.04 (ASX:4 AUGUST 2020) (ASX:13 AUGUST 2020) (ASX:21 SEPTEMBER 2020) (ASX:23 SEPTEMBER 2020) (ASX:5 OCTOBER 2020) (ASX:8 OCTOBER 2020) (ASX:12 OCTOBER 2020) (ASX:14 OCTOBER 2020) VECTION SECURES TOP VECTION JOINS VECTION SIGNS MOU VECTION TO INTRODUCE VECTION TO DELIVER VECTION TO INTRODUCE VECTION SIGNS VECTION TO PILOT 10 GLOBAL SOLIDWORKS NATIONAL HEALTHCARE WITH OLIVETTI, TELCO AR MAINTENANCE TO CULTURAL DIGITAL XR TECH INTO THE ART & AGREEMENT WITH AR WITH AGRI-FOOD PARTNER RISK MANAGEMENT DIGITAL FACTORY NATIONAL TRAIN FLEET TRANSFORMATION CULTURAL SECTOR CISCO ITALY ON XR LEADER, MUTTI GUIDELINES PROJECT COLLABORATION (ASX:19 OCTOBER 2020) (ASX:2 NOVEMBER 2020) (ASX:19 NOVEMBER 2020) (ASX:26 NOVEMBER 2020) (ASX:9 DECEMBER 2020) (ASX:14 DECEMBER 2020) (ASX:16 DECEMBER 2020) (ASX:23 DECEMBER 2020 VECTION LAUNCHES CAD VECTION VECTION LAUNCHES VECTION TO ACQUIRE VECTION SIGNS FIRST VECTION PUBLIC TOSHIBA TEC TO VECTION ACCELERATES XR BREAKTHROUGH AT COLLABORATES WITH HEALTHCARE & PHARMA LEADING AUSTRALIAN AUSTRALIAN VR HOSPITAL TRIAL DISTRIBUTE VECTION’S EUROPEAN EXPANSION THE CES 2021 HP INC DIVISION ARCHVIZ STUDIO SOLUTION MILESTONE COMPLETION XR PORTFOLIO VIA ACQUISITION (ASX:11 JANUARY 2021) (ASX:1 FEBRUARY 2021) (ASX:11 MARCH 2021) (ASX:15 APRIL 2021) (ASX:18 MAY 2021) (ASX:24 MAY 2021) (ASX:27 MAY 2021) (ASX:15 JUNE 2021)

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Full Year Investor Presentation 2021

STRENGTHENED AND DIVERSIFIED VERTICAL INDUSTRY FOCUS

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STRENGTHENED VIA STRENGTHENED STRENGTHENED
ACQUISITION OF VIA ESTABLISHMENT VIA ACQUISITION
LEADING ARCHVIZ STUDIO, OF VECTION HEALTHCARE OF JMC, ACCELERATING
BLANK CANVAS. & PHARMA. EU EXPANSION.
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AEC & Real Estate
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Healthcare & Pharma
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Defence & Military
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Media & Communication
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Sports & Betting
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Fashion, Retail & Consumer Goods
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Machinery
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Public Sector & Education
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Service Agencies
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Automotive & Naval
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Full Year Investor Presentation 2021

TECHNOLOGICAL DISRUPTION

TO IMPACT BUSINESS INNOVATION VECTION COMBINES CORE XR PLATFORMS WITH EMERGING TECHNOLOGIES VERTICALISED BY INDUSTRY/MARKET. DURING THE 2021 FISCAL YEAR, VECTION HAS STRENGTHENED ITS MARKET PROPOSITION FOR GLOBAL GROWTH.

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STRENGTHENED AEC VERTICAL
INTEGRATION VIA ACQUISITION
OF BLANK CANVAS.
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STRENGTHENED VIA ACQUISITION OF JMC,
BRINGING TO MARKET AN UNPARALLELED
COMBINATORIAL EFFECT.
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STRENGTHENED VIA CONTINUOUS
DEVELOPMENT OF TRAINER CREATOR
AND FRAMES PLATFORMS
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STRENGTHENED VIA CONTINUOUS
DEVELOPMENT OF THE MINDESK
PLATFORM, AHEAD OF OFFICIAL
LAUNCH OF MINDESK FOR REVIT (BIM).
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DESIGN
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OPERATIONS
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MARKETING & SALES
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AFTER SALES
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||||
|---|---|---|
|MILAN|
|BOLOGNA|
|ROME|EMEA|
|BARI|
|SAN FRANCISCO|
|ABU DHABI|AHMEDABAD|
|STRONG GLOBAL|
|AMERICAS|
|EXPANSION WITH|
|ADDITION OF DIRECT|
|MARKET PRESENCE|
|AND GLOBAL SALES|
|FORCE FOR CONTINUED|
|ASIA PACIFIC|
|SYDNEY|
|GROWTH LEADING INTO|
|FISCAL YEAR 2022|PERTH|
|IN EUROPE, MIDDLE EAST|
|AND AFRICA (EMEA),|
|ASIA PACIFIC|100+|
|AND THE AMERICAS.||Established in FY21|
|PEOPLE|
||
|Existing|
|GLOBALLY|
|17|Full Year Investor Presentation 2021|

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UNPARALLELED PARTNERSHIP GROWTH OPPORTUNITIES

SOFTWARE

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HARDWARE SERVICE & INDUSTRY

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Full Year Investor Presentation 2021

CORPORATE OVERVIEW

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LEADERSHIP TEAM

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SHARE PRICE / VOLUME HISTORY

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SHARE PRICE [1] : 9¢
SHARES ON ISSUE [2] : 1,034 M
MARKET CAPITALISATION: $93M
CASH AT BANK [3] : $7.1M
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 Board & Management 44%
 Institutional Shareholders 13%
 Other Top 20 11%
 Other Shareholders 32%
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0.20
0.15
0.10 50M
0.05 25M
0.00 0
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 2021 2021 2021
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(1) At 31 August 2021 (2) Excludes performance rights, performance shares and options (3) At 30 June 2021

Q&A AND INVESTOR CONFERENCE CALL DETAILS

Vection’s management will host a conference call on 2 September 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://us06web.zoom.us/webinar/register/WN_PDNJDfVnT4OqLwEeN6Cb2w After registering, you will receive a confirmation email containing information about joining the webinar.

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

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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 jmcgroup.it

APAC Perth Sydney Ahmedabad EMEA Milan Rome Bologna Bari Abu Dhabi AMER San Francisco

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ASX:VR1 September 1, 2021