#1For personal use only INVESTOR PRESENTATION March 2022 SEE YOUR WORLD CLEARLY. aerometrex#2For personal use only COMPANY OVERVIEW aerometrex Revenue is generated from Projects and Subscription Services (DaaS) across ■ A leading aerial photography and photogrammetry business through our MetroMap subscription service (DaaS), LiDAR and world class 3D modelling Established in 1980 ■ ASX listing December 2019 ■ 1H FY22 operating revenue - $11.3 million Strong cash position (as at 31 December 2021) - $12.3 million ■FY22 has seen the business strengthen and broaden capability through new director and management appointments ■ Focus for remainder of FY22: • Maximising financial performance 。 CEO review of business • Ongoing strategy development and plans to grow all product segments o Continue to pursue USA growth opportunities • Complete BARS certification activities to open up increased market opportunities STRATEGY Subscription (DaaS) MetroMap Growing subscription- based revenue New products Increase sales and marketing Expanding geographically Acquisition STRENGTHS Project Work 3D Modelling Imagery and LiDAR data quality Accuracy 3D modelling capability High standards of customer service People Data archive CORE FUNDAMENTALS Built on the foundation of image quality and accuracy Project Work 路 LiDAR Great data Great reputation Great customer service Innovation Great technology Great team#3For personal use only KEY APPOINTMENTS TO STRENGTHEN THE BUSINESS aerometrex Steve Masters, Managing Director and CEO: ■Commenced 14 February 2022 - 25+ years of experience in the infrastructure, energy and resources sectors ■ Previously CEO of ElectraNet - a future focussed infrastructure and energy solutions provider which had an asset base in excess of $3.5B: 。 Achievements have included re-shaping of corporate strategy, significantly growing market opportunities and increasing shareholder value ■ Brings strong and wide-ranging commercial and business development skillsets ☐ Experienced in scaling businesses and large asset acquisition and divestment activities (including M&A) Focus First 100 days - Review of immediate priorities, strategy development and business planning ☐ Key stakeholders 2#4For personal use only KEY APPOINTMENTS TO STRENGTHEN THE BUSINESS Donald McGurk, Non-Executive Director: ☐ Appointed 3 March 2022 aerometrex ■ Previously Managing Director and CEO of Codan Ltd (ASX: CDA) where he oversaw significant growth in the company including expansion of its global operations and entry into the ASX200 Brings extensive experience with the detailed understanding of the broad range of stakeholder issues Brings proven experience in leading and growing a global ASX listed business to the benefit of the board and support of the management team ■ Appointed to the Remuneration and Nomination Committee 3#5For use only CURRENT GROUP PRIORITIES Position for the post-COVID world DRIVE ARR AND CORE REVENUE GROWTH INVESTMENT IN PEOPLE AND SYSTEMS aerometrex PURSUE GROWTH IN NORTH AMERICA M&A OPPORTUNITIES Consistent ARR growth Embed new Sales team structure and processes Convert MetroMap casual subscribers to annual & multi- year contracts Win new customers Scale business and drive operational efficiencies Enhance skills & capability across Group Embed new Management Team structure Retain & leverage in-house expertise to drive organic growth Delight our customers ☐ Review strategy to position for success Leverage capabilities to secure new business Capitalise on existing and new market opportunities Build long-term successful relationships with strategic customers Assess strategically important acquisition opportunities Target opportunities that will accelerate or complement key objectives Be disciplined 4#6For personal use only WHY CUSTOMERS VALUE OUR PRODUCTS Great quality aerometrex ☐ High accuracy Amazing customer service Jan 2021 Jan 2022 Flexibility & transparency ☐ Breadth & depth of product ☐ offerings Ease of access Value for money EASY ACCESS ACROSS DEVICES MetroMap Imagery Norwood, South Australia Australia 5#7For personal use only TOTAL ADDRESSABLE MARKET MetroMap Addressable Market Size Subscriptions (ARR) ~$80m Actual ARR (Dec 2021) $6.01M (Dec 2020: $3.31M) LiDAR Addressable Market Size ~$50m ~20% aerometrex 3D Global application with unlimited potential with market in its infancy Open-ended, international scope Growing awareness of value ■ A large and growing global market that will expand with new customer requirements and new product offerings ■ Significant scope to increase market penetration ■ Product and geographical diversification balances risk *Revenue numbers as at Dec 2021 unless identified 6#8For personal use only CUSTOMER PROFILE MetroMap Subscribers JOHN DE GREY MONASH University HOLLAND MINING LTD Other (e.g. Environment & Disaster Management, Pools, Insurance & Financial Services, Telecommunications, etc) 21% aerometrex Consulting 15% В ACT Jacobs Government 0 Geoscape origin JLL MNG. SP M The Advertiser LANDCHECKER MELBOURNE AIRPORT® search commercial Colliers Lendlease INTERNATIONAL Architecture 3% Urban Planning 3% State Govt 3% Numerous industry sectors represented with expanding product needs ■ Significant customer base to grow overall market size and market share ■ Post-COVID government and private sector investments in key industries will support future opportunities Construction 11% Transport/Logistics & Traffic Management 7% OLYMPIC INDUSTRIES Built to last Department of Natural Resources, Mines and Energy Queensland Government tonkin UNITI NSW GOVERNMENT Department of Industry Lands A CITY OF ADELAIDE Energy 4% Utilities 4% Engineering 5% Mapping & Surveying Local Govt 6% 5% Roofing 5% Property & Real Estate 6% 7#9For personal use only REVENUE STREAMS & MAJOR USE CASES Industries serviced (including but not limited to): Architecture, Engineering & Construction Energy & Utilities Environment & Disaster Management Events, Media & Entertainment Forestry & Agriculture Government Insurance & Financial Services Natural Resources, Mining & Exploration Property & Real Estate Telecommunications Transport, Logistics & Traffic Management MetroMap Subscription LiDAR Project Work 3D aerometrex Example of Major Use Cases: ■ Accurate and frequent spatial information to assist local councils in urban planning, asset management and community engagement ■ 2D and 3D spatial mapping to plan, build and maintain smarter infrastructure ■ Integrate accurate base map imagery with other utility databases to aid operations, engineering design, planning and decision support ■ Ensure faster, more accurate valuations based on detailed risk assessment of assets Showcase property developments by combining the power of visual imagery and data attributes Visualise, plan and optimise telecommunication networks using updated 2D & 3D datasets ■ Monitor environmental change and disaster management right from planning through to response & recovery Example of Major Use Cases: Agricultural irrigation analysis Engineering design across projects spanning road, rail, oil & gas pipelines and renewable energy (wind & solar) ■ Environmental mapping including floor modelling, catchment analysis ■ Bushfire fuel load mapping and property-level Bushfire Attack Level ■ Canopy growth and volume analysis across forestry and urban vegetation Stockpile analysis, windrow analysis across mining and exploration sites Vegetation encroachment mapping along powerlines LiDAR-derived products to be transitioned to MetroMap platform Example of Major Use Cases: ■ Provide base 3D models for planning of digital twins and smart city projects Improve planning and monitoring of major transport & infrastructure projects from concept to final design using 3D data Provide three-dimensional context to critical engineering & construction projects Support urban designers, architects, real estate specialists by allowing three-dimensional assessment of new developments ■ 3D digitisation to support heritage building conservation as well as larger tourism initiatives ■ Virtual films and futuristic gaming with real-world environments using 3D ■ Simulation of events e.g. flood in digital twin Foundations for emerging metaverse solutions 80#10aerometrex San Francisco, California Captured Mar-Jun 2021 Denver, Colorado Captured Sep 2020 New York Brooklyn, New York Captured Sep-Oct 2021 3D Growing opportunities in USA Google Susp personal use only OMNISCAPE TRANSMIRA INC Lunaverse TSD TERRESTRIAL SOFTWARE DEVELOPMENT LOCKHEED MARTIN 3DCITYSCAPES California Los Angeles, California Captured Jul-Aug 2021 Nevada Las Vegas. Nevada Captured Nov-Dec 2021 Colorado D= Tampa, Florida Captured Sep 2021 Florida Miami, Florida Captured Jan-Apr 2021 6#11TRANSITION FROM PROJECT WORK TO SUBSCRIPTION REVENUE Operating Revenue by Product 10,000 9,000 Q8,000 7,000 6,000 5,000 $2,000 1,000 Ajua esni jeuosie 4,294 4,000 2,134 3,000 2,717 2,174 4,699 5,284 4,224 3,645 4,953 1H 2H 1,666 aerometrex Project photomapping being phased out 1,088 1,138 1,695 1,506 1,239 414 242 523 864 497 524 711 0 102 182 351 576 318 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 LiDAR 3D • 2H21-4th LIDAR sensor deployed ◉ பட MetroMap - Subscriptions May 2020 - Acquisition of Spookfish Australia Pty Ltd May 2021 - Spookfish acquisition finalised (contribution to ARR $0.83m) June 2021 - Announcement by company to focus on MetroMap Subscription service ■ 2,991 2,692 3,287 3,506 3,420 2,394 2,251 FY20 Comprised major projects in Pau (France) and Western Sydney Digital Twin 2H21 - US office established 1H22 first substantial revenue - contribution from US - 1H22 launch of US 3D store FY19 FY20 FY21 FY22 MetroMap on demand June 2021 Announcement that MetroMap On Demand would be phased out from 1 July 2021 (1H22) FY19 FY20 FY21 FY22 Aerial Photomapping June 2021 - Announcement that focus would shift to MetroMap Subscription service with MetroMap on Demand and Aerial Photomapping (project work) would be phased out 10#12onal use only 1H22 SNAPSHOT-RECORD REVENUE AND STRONG ARR GROWTH aerometrex Operating Revenue $11.3M 32.2% (Dec 2020: $8.6M) MetroMap Subscription Revenue $2.7M 80.4% (Dec 2020: $1.5M) Annual Recurring Revenue (ARR) $6.0M ▲ 81.4% (Dec 2020: $3.3M) Subscription Revenue Contribution of 24% group revenue (Dec 2020: 17.6%) US Revenue - 3D $0.6M Group EBITDA (Normalised) $0.7M (Dec 2020: $nil) (Dec 2020: $0.7M) Cash flow from Operations $1.1M 148.5% (Dec 2020: $0.4M) Cash balance $12.3M (Jun 2021: $16.6M) 11#13GROWING CONTRIBUTION FROM SUBSCRIPTION REVENUE As at 31 December 2021 1H22 Revenue MetroMap Subscriptions $2.72M (1H21: $1.51M) LiDAR $4.95M (1H21: $3.65M) Revenue mix 24.0% 17.6% For personal use only 3D $1.24M (1H21: $0.71M) Photo contracting/ MM on demand* $2.43M *being phased out (1H21: $2.71M) Dec 2021 $11.34M 43.7% 42.5% +32.2% (Dec 2020: $8.57M) 21.4% 31.6% 8.3% 10.9% 1H22: Outer circle 1H21: Inner circle Revenue ($ '000) 25,000 Operating Revenue ■1H ■2H 20,941 20,000 20,091 9,994 12,367 16,109 15,000 9,112 aerometrex 10,000 11,339 10,097 8,574 6,997 5,000 0 FY19 FY20 FY21 FY22 Financial Year Ended 30 June 12#14For personal use only MetroMap ARR Growth YoY ARR growth of 81% Half year growth of 25% since June 2021 7,000 Annual Recurring Revenue (ARR) Calculation: Monthly Revenue x12 6,000 5,000 4,000 3,000 2,000 1,000 856 357 548 0 1,663 4,938 4,806 4,262 3,314 2,770 MetroMap Subscription Revenue +81.4% Fiscal Year FY20 $4M FY21 FY22 6,012 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 ARR growth driven by: ☐ Continued take up by SME clients Partner programs now contributing $0.8M or 13.4% of ARR $3M $2M $1M aerometrex SOM Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 13#15For personal use only KEY PRIORITIES AND OUTLOOK aerometrex Revenue is generated from Projects and Subscription Services (DaaS) across ■ Deliver satisfactory financial performance over multiple time horizons ■ Ongoing strategy development and planning to grow all product segments: • MetroMap • LiDAR o 3D ■ Continue to develop US strategy to commercialise US 3D opportunities ■ Continue to develop and commercialise R&D initiatives: o Data analytics, machine learning and artificial intelligence Complete BARS certification activities to open up increased market opportunities STRATEGY Subscription (DaaS) MetroMap Growing subscription- based revenue New products Increase sales and marketing Expanding geographically Acquisition STRENGTHS Project Work 3D Modelling Imagery and LiDAR data quality Accuracy 3D modelling capability High standards of customer service People Data archive CORE FUNDAMENTALS Built on the foundation of image quality and accuracy Project Work 路 LiDAR Great data Great reputation Great customer service Innovation Great technology Great team 14#16For persona us APPENDIX 1 - BOARD, MANAGEMENT & PRODUCT INFORMATION Aerometrex 3D model The Dancer Statues / Denver Performing Art Complex Denver, Colorado USA TO SELL 1444 PERFORMING PLEX UNTIL WE GATHER AGAIN... BE SAFE. FEEL GIVE JOY. OUR SHOW WILL THANKS. GO ON! aerometrex 15#17For personal use only BOARD AND MANAGEMENT Board Members aerometrex \ & å å & & Mark Lindh Chair of the Board Appointed: May 2019 (Chair: October 2019) Donald McGurk Non-Executive Director Matthew White Non-Executive Director Peter Foster Non-Executive Director Appointed: September 2011 Appointed: October 2019 Appointed: March 2022 Steve Masters Chief Executive Officer Managing Director Appointed: February 2022 David Byrne Chief Operating Officer Executive Director Appointed: October 2011 Executive Team Chris Mahar Chief Financial Officer Appointed: October 2019 Alex Sinclair Chief Revenue Officer Appointed: June 2021 Tisham Dhar Chief Information Officer Appointed: August 2021 16#18For personal use only METROMAP MetroMap is Aerometrex's subscription-based product offering that supplies Data as a Service (DaaS). Ranging from 2D imagery to 3D off-the-shelf city models and a range of LiDAR and imagery-derived datasets, MetroMap is the future of accurate geospatial data, accessible by everyone from large corporates, government departments, SMEs and individuals. Key Products: ☐ ☐ 2D aerial imagery subscription plans Building and Cadastre-level feature layers Near-infrared imagery (NIR) 3D off-the-shelf city models LiDAR-derived hill shade DSMs Classified LiDAR point cloud datasets Industries Serviced (including but not limited to): ☐ Architecture, Engineering & Construction Energy & Utilities Environment & Disaster Management Events, Media & Entertainment ☐ Forestry & Agriculture ◉ Government ☐ Insurance & Financial Services Natural Resources, Mining & Exploration Property & Real Estate Telecommunications Transport, Logistics & Traffic Management Examples of Major Use Cases: ☐ Accurate and frequent spatial information to assist local councils in urban planning, asset management and community engagement 2D and 3D spatial mapping to plan, build and maintain smarter infrastructure Integrate accurate base map imagery with other utility databases to aid operations, engineering design, planning and decision support Ensure faster, more accurate valuations based on detailed risk assessment of assets Showcase property developments by combining the power of visual imagery and data attributes ■ Visualise, plan and optimise telecommunication networks using updated 2D & 3D datasets Monitor environmental change and disaster management right from planning through to response & recovery LEESON Addressable Market Size ~$80 million + per annum in Australia CARBON DEEVER aerometrex MetroMap aerial imagery Harvey Bay Queensland Australia 17#19LiDAR aerometrex Light Detection and Ranging (LiDAR) is an advanced aerial surveying technique which utilizes active laser pulses (up to 2 million laser pulses per second) generated by the sensor to measure the distance of the aircraft to the ground. As the position of the aircraft is determined by GPS, the shape of the terrain including above ground features can be modelled. This survey technology and the information derived from it has become a critical asset for numerous planning & monitoring purposes, even more so when combined with imagery. Industries Serviced (including but not limited to): ☐ ☐ ☐ ☐ ☐ Architecture, Engineering & Construction Energy & Utilities Environment & Disaster Management Forestry & Agriculture Government Insurance & Financial Services Natural Resources, Mining & Exploration Property & Real Estate Telecommunications Transport, Logistics & Traffic Management Key Products: ☐ LiDAR 3D Point Clouds ☐ Elevation Surface Products Vegetation Surface Products Urban Vegetation Suite Bushfire Attack Level ◉ Vector Line Products ☐ Mine Windrow Analysis Examples of Major Use Cases: ☐ ☐ ■ Agricultural irrigation analysis Engineering design across projects spanning road, rail, oil & gas pipelines, renewable energy (wind & solar) Environmental mapping including flood modelling, catchment analysis, bushfire fuel load mapping Canopy growth and volume analysis across forestry and urban vegetation Stockpile analysis, windrow analysis across mining and exploration sites Vegetation encroachment mapping along powerlines For personal use only Addressable Market Size ~$50 million per annum in Australia AMX LIDAR Point Cloud Belair National Park South Australia Australia 18#20For personal use only 3D Our world-leading 3D modelling service offers multiscale models captured via a combination of platforms - aircraft, helicopter and ground level. These offer extremely high resolutions ranging from 7.5cm to under 1cm. With the additional dimension, our 3D models promise greater context and the ability to derive more features & insights via classification. Key Products: ◉ ■ 3D Mesh Models of urban, rural and natural environments 3D Semantic Level of Detail (LOD) Models Artificial intelligence and machine learning enabled value-added products such as Classified 3D mesh and feature capture ■ 3D visualisation products for audio-visual, gaming, and virtual or augmented reality Industries Serviced (including but not limited to): Architecture, Engineering & Construction Energy & Utilities " ■ " Environment & Disaster Management " Events, Media & Entertainment " Government Insurance & Financial Services Examples of Major Use Cases: ☐ ☐ ☐ ◉ Natural Resources, Mining & Exploration Property & Real Estate ■ Telecommunications Transport, Logistics & Traffic Management Provide base 3D models for planning of digital twins and smart city projects Improve planning and monitoring of major transport & infrastructure projects from concept to final design using 3D data Provide three-dimensional context to critical engineering & construction projects Support urban designers, architects, real estate specialists by allowing three- dimensional assessment of new developments 3D digitisation to support heritage building conservation and larger tourism initiatives Virtual films and futuristic gaming with real-world environments using 3D Simulation of events e.g., flood in digital twin Foundations for emerging metaverse solutions Addressable Market Size Open-ended, international scope Growing awareness of value aerometrex Aerometrex 3D model Great Ocean Road Victoria Australia 19#21or personalse only APPENDIX 2 - FINANCIAL INFORMATION aerometrex Aerometrex 3D model Coit Tower, Telegraph Hill San Francisco, California USA ↑ KEEP 20 20#22For personal use only FINANCIAL RESULTS OVERVIEW aerometrex ☐ Total revenue up +32.2% to $11.34M MetroMap subscription revenue up +80.4% to $2.72M Subscription revenue contributing 24.0% of group revenue up from 17.6% on PCP US 3D revenue of $0.62M contributing to growth in 3D of 74.3% to $1.24M Strong growth in LIDAR up +35.9% to $4.95M Continuing to invest to drive future growth ☐ Investment in strengthening of business fundamentals to scale for growth including senior appointments of CRO, CIO and investment in systems and processes Cash flow from operations reinvested into datasets, IT and sensors Cash position supports growth initiatives with $12.27M in the bank and undrawn debt facilities available Subscription Revenue - MetroMap Project Revenue 3D LiDAR Dec 2021 Dec 2020 $'000 $'000 Change $'000 Change % 2,717 1,506 1,211 80.4% 1,239 711 528 74.3% 4,953 3,645 1,308 35.9% Photo contracting Project work business 2,251 2,394 (143) (6.0%) MetroMap on demand units being phased out 179 318 (139) (43.7%) Project Revenue 8,622 7,068 1,554 22.0% Total operating revenue 11,339 8,574 2,765 32.2% 524 (144) 668 463.9% 652 696 (44) (6.3%) EBITDA EBITDA (normalised)1 Cashflow from operating activities 1,076 433 643 148.5% Cashflow used in investing activities Free cashflow (4,959) (6,191) 1,232 19.9% (3,883) (5,758) 1,875 32.6% Financial Position Cash on hand 12,270 16,280 (4,010) Contract liabilities (deferred income / income in advance) 2,657 1,962 695 (24.6%) 35.4% 1 Relates to share based payments 21#23For personal use only SEGMENT FINANCIAL RESULTS aerometrex Region Australia US Total Australia Dec 2021 Dec 2021 Dec 2021 Dec 2020 US Dec 2020 Total Dec 2020 Geographical Segments: $'000 $'000 $'000 $'000 $'000 $'000 Revenue Other income 10,719 620 11,339 8,574 8,574 171 8 179 Total revenue and other income 10,719 620 11,339 8,745 8 8,753 Aircraft and project processing costs (3,074) (98) (3,172) (1,809) (5) (1,814) Employee benefits expense (4,566) (267) (4,833) (4,052) (325) Share based payments (128) (128) (840) Other expenses (2,299) (383) (2,682) (1,613) (253) (4,377) (840) (1,866) EBITDA 652 (128) 524 431 (575) Depreciation of property, plant and equipment (1,364) (17) (1,381) (1,283) (7) (144) (1,290) Amortisation of intangible assets (2,627) (112) (2,739) (2,013) (2,013) Finance costs Finance income (Loss) before income tax Income tax expense¹ (Loss) for the year after income tax (49) (49) (43) (43) 15 15 56 (3,373) (257) (3,630) (2,852) (582) (3,434) 816 816 399 145 (2,557) (257) (2,814) (2,453) (437) (2,890) EBITDA 652 (128) 524 431 (575) (144) Items not in the ordinary course of operations: Share based payments 128 128 840 840 Normalised EBITDA 780 (128) 652 1,271 (575) 696 56 544 Growth in AU revenue driven by MetroMap subscription growth and LiDAR First substantial revenue contribution from the US operations Aircraft & processing costs impacted by COVID-19 contributing some of the increase in costs for aviation charter to enable mobilisation from other states to capture work, field crew out in the field longer to combat border movement, associated cost increases reflecting increase in revenue (e.g., use of subcontractors and survey costs related to LiDAR) Employee benefit expense includes the appointment of two senior positions CRO (June 2021) and CIO (Aug 2021) to further strengthen the business for growth Shared based payments relate to options issued to staff following the IPO to align interests with shareholders this is accounting for the second year of vesting Growth in amortisation reflects ongoing investment into datasets for MetroMap and US 3D models 1 Income tax benefit for US tax losses has not been recognised for half year ended 31 December 2021. Tax benefit recognised for half year ended 31 December 2020 was subsequently reversed out at 30 June 2021. 22 22#24For personal use only PROFIT OR LOSS STATEMENT AND EBITDA RECONCILIATION aerometrex Consolidated Statement of Profit or Loss Dec 2021 $'000 Dec 2020 $'000 Proforma EBITDA Calculation Revenue Other income 11,339 8,574 179 (Loss) before income tax Dec 2021 $'000 (3,630) Dec 2020 $'000 (3,434) Addback finance costs 49 43 Total revenue and other income 11,339 8,753 Less interest income (15) (56) Aircraft and project processing costs (3,172) (1,814) Addback depreciation 1,381 1,290 Employee benefits expense (4,833) (4,377) Addback amortisation 2,739 2,013 Share based payments (128) (840) EBITDA 524 (144) Depreciation of property, plant and equipment (1,381) (1,290) Amortisation of intangible assets (2,739) Addback shared based payments 128 840 (2,013) Advertising and marketing (408) (323) EBITDA (normalised) 652 696 Consulting and professional services (643) (337) IT and telecommunications Occupancy Travel and accommodation Other expenses Finance costs Finance income (Loss) before income tax Income tax (expense) / benefit (Loss) for the year after income tax (481) (339) (65) (164) (182) (4) (903) (659) (49) (43) 15 56 (3,630) 816 (2,814) (3,434) 544 (2,890) 23 23#25For personal use only GEOGRAPHIC SEGMENTS Region Australia US Total Australia US Total Dec 2021 Dec 2021 Dec 2021 Dec 2020 Dec 2020 Dec 2020 $'000 $'000 $'000 $'000 $'000 $'000 Revenue Other income Total revenue and other income 10,719 620 11,339 8,574 8,574 171 8 179 10,719 620 11,339 8,745 8 8,753 Aircraft and project processing costs (3,074) (98) (3,172) (1,809) (5) (1,814) Employee benefits expense (4,566) (267) (4,833) (4,052) (325) (4,377) Share based payments (128) - (128) (840) (840) Depreciation of property, plant and equipment (1,364) (17) (1,381) (1,283) (7) (1,290) Amortisation of intangible assets (2,627) (112) (2,739) (2,013) (2,013) Advertising and marketing (354) (54) (408) (285) (38) (323) Consulting and professional services (530) (113) (643) (217) (120) (337) IT and telecommunications (479) (2) (481) (377) (2) (379) Occupancy Travel and accommodation Other expenses Finance costs Finance income (Loss) before income tax Income tax benefit¹ (63) (2) (65) (145) (19) (164) (41) (141) (182) 2 (6) (4) (832) (71) (903) (591) (68) (659) (49) (49) (43) (43) 15 15 56 56 (3,373) (257) (3,630) (2,852) (582) (3,434) 816 816 399 145 544 (Loss) for the period after income tax (2,557) (257) (2,814) (2,453) (437) (2,890) 1 Income tax benefit for US tax losses has not been recognised for half year ended 31 December 2021. Tax benefit recognised for half year ended 31 December 2020 was subsequently reversed out at 30 June 2021. aerometrex 24 24#26For personal use only STATEMENT OF FINANCIAL POSITION Dec 2021 $'000 Jun 2021 $'000 Assets Non-current Current Cash and cash equivalents Trade and other receivables Contract assets Current tax assets Other financial liabilities 12,270 16,553 Lease liabilities 1,674 2,965 Employee benefits 1,181 719 Deferred tax liabilities 980 262 Total non-current liabilities Other assets 718 878 Total liabilities Non-current assets held for sale 2,897 Total current assets 19,720 21,377 Net assets Non-current Property, plant and equipment Intangibles Deferred tax assets Total non-current assets Total assets Liabilities Current Trade and other payables Contract liabilities Other financial liabilities Lease liabilities Employee benefits Other liabilities Liabilities directly associated with assets classified as held for sale Total current liabilities aerometrex Dec 2021 $'000 Jun 2021 $'000 707 2,437 467 518 126 133 3,171 2,618 4,471 5,706 13,102 14,070 32,035 34,697 13,942 16,729 Equity 8,225 8,125 Equity attributable to owners of the parent: 3,250 2,536 Share capital 32,892 32,892 25,417 27,390 Share based payment reserve 1,760 1,820 45,137 48,767 Other reserves (68) (92) Retained earnings (2,938) (293) Total attributable to owners of the parent 31,646 34,327 Non-controlling interest 389 370 2,197 2,655 Total equity 32,035 34,697 2,657 2,794 294 631 83 54 1,711 1,601 629 1,689 8,631 8,364 25 25#27For personal use only STATEMENT OF CASH FLOWS Dec 2021 Dec 2020 $'000 $'000 Operating activities Receipts from customers Payments to suppliers and employees Income taxes paid Interest received Interest paid Net cash generated from operating activities Investing activities Payments for property, plant and equipment Payments for intangible assets Payments for acquisitions¹ Net cash generated used in investing activities Financing activities Repayment of borrowings Repayment of lease liabilities Net cash generated from financing activities 13,109 10,012 (11,936) (9,471) (63) (121) 15 56 (49) 1,076 (43) 433 (1,491) (3,886) (2,839) (2,305) (629) (4,959) (6,191) (378) (201) (22) (400) (201) Net increase/(decrease) in cash and cash equivalents (4,283) (5,959) Cash and cash equivalents at the beginning of the period 16,553 22,239 Cash and cash equivalents at the end of the period 12,270 16,280 1 Final payment for Spookfish acquisition aerometrex 26 26#28For personal use only REGISTRY AS AT 22 MARCH 2022 aerometrex Range 1-1,000 1,001 - 5,000 5,001 10,000 10,001 100,000 Total holders Units % Units Enterprise Value 581 377,814 0.40 Market Capitalisation - 22 Mar 2022 $51.0M 1,121 3,164,377 3.35 Cash on Hand - 31 Dec 2021 480 3,831,373 4.06 Debt 31 Dec 2021 $12.3M $2.7M 441 11,790,425 12.49 100,000 Over 42 75,236,011 79.70 Enterprise Value - 22 Mar 2022 $41.4M Rounding 0.00 Total 2,665 94,400,000 100.00 Unmarketable Parcels Minimum Parcel Size Holders Units Minimum $500.00 parcel at $0.5000 per unit 1,000 453 249,814 24.22% 75.78% 61.50% 38.50% ■Top 20 shareholders ■Remaining 2645 shareholders ■Directors, Management and staff ■Institutional & Retail Investors 27 27#29For personal use only DISCLAIMER aerometrex This presentation is provided for information purposes only and is not a disclosure document as defined under the Corporations Act 2001 (Cth) This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase, sale or issue of any securities or any financial product nor does it constitute financial product or investment advice. The presentation does not contain all the information that may be required for evaluating the Company's assets, prospects or potential opportunities and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation. Neither the Company, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, related bodies corporate, affiliates, agents or advisers makes any representations or warranties that this presentation is complete or that it contains all material information about the Company or which a prospective investor may require in evaluating a possible investment in the Company or acquisition of securities. To the maximum extent permitted by law, none of those persons accept any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, 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 (if any) 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. Neither the Company nor its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, related bodies corporate, affiliates, agents or advisers guarantees any return or generally the performance of the Company or the price at which its securities may trade. Any investment in the Company is subject to investment risks including the possibility of loss of capital invested and no return of income or payment of dividends. Before making an investment decision, you should assess whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances and consider seeking your own independent legal, financial and commercial advice. Past performance is no guarantee of future performance. The distribution of this document in jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe any such restrictions. This presentation may contain certain "forward-looking statements" with respect to the financial condition, results of operations and business of the Company and certain plans and objectives of the management of the Company. Forward looking statements can generally be identified by words such as 'may', 'could', 'believes', 'plan', 'will', 'likely', 'estimates', 'targets', 'expects', or 'intends' and other similar words that involve risks and uncertainties, which may include, but are not limited to, the outcome and effects of the subject matter of this presentation. Indications of, and guidance on, future exchange rates, capital expenditure, earnings and financial position and performance are also forward-looking statements. You are cautioned not to place undue reliance on forward looking statements as actual outcomes may differ materially from forward looking statements. Any forward-looking statements, opinions and estimates provided in this presentation necessarily involve uncertainties, assumptions, contingencies and other factors, and unknown risks may arise, many of which are outside the control of the Company. Such statements may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward looking statements. Forward-looking statements including, without limitation, guidance on future plans, are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Such forward looking statements speak only as of the date of this presentation. The information in this presentation is current as at the date on the cover of the presentation and remains subject to change without notice, in particular the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. 28 28#30For personal use only CONTACT INFORMATION Aerometrex Ltd 51-53 Glynburn Road Glynde SA 5070 Corporate Chris Mahar Chief Financial Officer +61 8 8362 9911 [email protected] www.aerometrex.com.au www.metromap.com.au This presentation has been approved by the Board of Aerometrex. aerometrex