Ai-Media Financial Overview and Strategic Vision

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#1aimedia ASX ANNOUNCEMENT Presentation to Morgans Queensland Conference 2020 Melbourne, Australia, 7 October 2020: Access Innovation Holdings Limited (Ai-Media or Company) (ASX: AIM), a global provider of technology-driven live and recorded captioning, transcription and translation services, is pleased to provide a presentation that its Co- Founder and CEO, Tony Abrahams, will deliver to investors today at the Morgans Queensland Conference. Authorised for release by the Ai-Media Board. ENDS Further Information Investors: Sue Sanossian Company Secretary +61 2 8870 7711 [email protected] Media: Clive Mathieson Cato & Clive +61 411 888 425 [email protected] About Ai-Media Founded in Australia in 2003, technology company Ai-Media has become a global leader in the provision of high-quality live and recorded captioning, transcription and translation services. Its technology platform combines artificial intelligence and human expertise to deliver speech-to-text accuracy. The company is the biggest captioning provider in the Australian market, with clients including major free-to-air and pay television networks, and has a growing international footprint, with offices in Australia, the US, UK, Canada and Singapore. Globally, it provides captioning for nearly 1 million minutes of live and recorded media content, and online events and web streams every month. Ai-Media (ASX:AIM) commenced trading on the ASX on 15 September 2020. For more information on Ai-Media please visit https://www.ai-media.tv/ Registered Office Corporate Office Level 6, 277 William Street, Melbourne VIC 3000 Level 1, 103 Miller Street, North Sydney NSW 2060#2aimedia Making the World's Content Accessible - For Everyone October 2020 Morgans Queensland Conference 2020 ali#3Important notice and disclaimer This presentation (Presentation) contains summary information about Access Innovation Holdings Limited and its subsidiaries (the Company or Ai-Media) which is current as at 7 October 2020. By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out below. Summary information: This Presentation has been prepared for information purposes only and is a summary only. It should be read in conjunction with Ai-Media's most recent financial report and other periodic and continuous disclosure information lodged with the Australian Securities Exchange (ASX), which is available at www.asx.com.au. Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, the Company does not have any obligation to correct or update the content of this Presentation. Not financial product advice: This Presentation does not, and does not purport to, contain all information necessary to make an investment decision, is not intended as investment or financial advice (nor tax, accounting or legal advice) and must not be relied upon as such. This Presentation does not take into account the investment objectives, financial situation or needs of any particular investor. Investors are encouraged to seek independent professional advice when deciding if an investment in the Company is appropriate. The Company is not licensed to provide financial product advice in respect of its own securities. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law (or any other law). It is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. Investment risk and past performance: An investment in Ai-Media shares is subject to known and unknown risks, some of which are beyond the control of the Company and its directors. The Company does not guarantee any particular rate of return or the performance of Ai-Media. Past performance is not, and should not be relied on as being, indicative of future performance. Future performance and forward-looking statements: This Presentation includes forward looking statements, which can generally be identified by the use of words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "outlook", "forecast" and "guidance", or other similar words. They may include, without limitation, statements regarding plans, strategies and objectives and anticipated business developments. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause Ai-Media's actual results, performance and achievements to differ materially from statements in this Presentation. Forward-looking statements are based on the Company's good faith assumptions as to the financial, market, regulatory and other relevant environments that will exist and affect Ai-Media's business and operations in the future. The Company does not give any assurance that the assumptions will prove to be correct. There may be other factors that could cause actual results or events not to be as anticipated, and may events are beyond the reasonable control of the Company. Readers are cautioned not to place undue reliance on forward-looking statements, particularly in the current economic climate and given the significant volatility, uncertainty and disruption caused by the COVID-19 pandemic. Forward-looking statements in this Presentation are only made as at the date of this Presentation and the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based. Industry data and third party information: Industry data and third party information used in this Presentation may have been obtained from research, surveys, reports or studies conducted by third parties, including industry or general publications. Neither Ai-Media nor its representatives have independently verified any such market or industry data. Financial information: This Presentation contains historical financial information based on the Company's results for the period ending 30 June 2020 (FY2020). This information is disclosed in the Company's Annual Report for FY2020, which was lodged with ASX on 30 September 2020 and is available on www.asx.com.au. All financial information disclosed in this Presentation is presented in Australian dollars unless otherwise noted. Any discrepancies between totals and sums of components in tables and figures contained in this Presentation are due to rounding. Disclaimer: To the maximum extent permitted by law, Ai-Media and its officers, directors, employees, agents and advisers: (1) disclaim all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any loss arising from this Presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation; (2) disclaim any obligation or undertaking to release any update or revision to the information in this Presentation to reflect any change in expectations or assumptions; and (3) do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness of the information in this Presentation or that this Presentation contains all material information about Ai-Media or that a prospectus investor or purchaser may require in evaluating a possible investment in Ai-Media or acquisition of shares, or the likelihood of fulfilment of any forward-looking statement. aimedia 2#4Today's Presenter Tony Abrahams Chief Executive Officer, Director and Co-Founder • Rhodes Scholar, University of Oxford receiving MBA and MPhil in Economics Received LLB and BCom from University of NSW, where he was awarded University Medal in Accounting • Recognised by the World Economic Forum as a Young Global Leader in 2013 ai media 3#5Introducing Ai-Media • Live Enterprise Ai-Media overview Live Broadcast • Recorded Growth in Pro Forma revenue: FY18 - FY21F³ (A$m) 50.0 40.0 Investment in Technology To date, more than A$50m1 has been invested in Ai-Media's industry-leading platform 30.0 13.2 20.0 10.5 CAGR 18% 14.8 14.4 29.0 24.0 Proven Track Record Strong growth in Australia and expansion into international markets underpinned by long term, repeatable revenue 10.0 18.4 16.2 0.0 FY18 FY19 FY20 FY21F ■ Ai Media IACS Global Growth Consolidating Market The People Operations in four key regions; Australia and New Zealand, North America, EMEA and Asia to execute domestic and international growth initiatives that are supported by regulatory requirements The May 2020 acquisition of ACS presents a unique opportunity to realise synergies and enhance presence in the key North American markets Experienced Board and management team, supported by approximately 160 full-time staff and over 2,000 casual, crowd-sourced freelancers and contractor personnel² (1) Investment since 2009 (2) As at 30 June 2020 (3) FY20 Pro forma is unaudited. FY18, FY19 and FY21F from Prospectus Large and diverse customer base Over 2,200 customers globally High level of repeating revenue Singtel Diversified revenue by OPTUS customer and region > verizon 8889 WORLD ECONOMIC FORUM foxtel iQIYI 爱奇艺 ai media 4#6Milestones Revenue (A$m)¹ Pro Forma Company timeline foxtel 0.4 0.6 Founded; First sale to 1.2 verizon sky NEWS 3.9 2.5 2.9 1.6 WORLD ECONOMIC IOIYĪ 爱奇艺 38.4 FORUM LIVE 31.6 26.4 26.7 21.6 19.2 :::9 15.6 9.3 7.7 CO 6 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australian pay-TV company Foxtel for recorded captions a i live Creation of Ai-Live technology for real- time caption delivery Ai-Live trialed in schools for deaf students and hard-of- hearing students ACS founded in 2007 based on simple premise of respecting all in process ACS won Microsoft and Verizon accounts Won live captioning for NSW and Victoria Depts of Education Won Sky News for live broadcast captions ACS acquired 'Educaption' Raised $5 million from external investors Ai-Live begins winning corporations and universities with new functionality Ai-Media scores over 99% in first external captioning quality audit ACS acquired 'Post CAP' and 'Closed Caption Productions' Raised $5 million from external investors Ai-Media acquires UK-based captioning company Bee Communications. Won Channel 9 live and recorded captions Office in Canada established. Won Launched cloud-based official Facebook Live captioning partner Office in the US established. Won Australian Channel 7 for live and recorded captions ACS acquired 'Home Team Captions' workflow management tool Won captioning for World Economic Forum ACS launches ASL Interpreting services Raised $10m from external investors Ai-Media begins transformation to a product-led company ACS acquired (May 2020) AIM IPO on ASX (15 Sep 2020) International office expansion (1) Revenues are based on a June 30 Financial Year End, ACS revenue included on a pro forma basis, Average annual AUD:USD exchange rate for each year used to convert ACS revenues to AUD. Ai-Media unaudited revenues FY03 - FY12, audited revenues FY13-20. ACS unaudited revenues FY7 -FY17, audited revenues FY18 - FY20. ai media 5#7Leading global media access provider across three key product lines Live Enterprise Live Broadcast FY20 Revenue¹ 51% 22% Recorded 27% (1) (2) ངསེºེ་ (3) YoY Growth² Service description Products Customer type4 Revenue model 83% (ex-ACS) Live captions and interpreting in real time • Remote CART³ Captions • Onsite CART Captions • Live Streaming Captions • Interpreting Global businesses, universities, schools, governments and non-government organisations and events FY20 pro forma, inclusive of ACS and Ai-Media Revenue. Figures shown exclude other revenue. FY20 Pro form a revenue is unaudited ACS is predominantly Live Enterprise, the YoY Growth shown is for FY20 for Ai-Media ex-ACS. The Pro Forma YoY growth for Live Enterprise including ACS is 22.5%. Source: unaudited management accounts Communication Access Real-Time Translation (4) Customer types are not listed in order of significance 3% Live captions in real time for broadcasters · Live Broadcast Captions Global and domestic broadcasters and OTT streaming networks Contracts with time based charges 25% High-quality recorded captions, subtitles, transcripts and audio description Captions Transcripts Localisation Audio Description Global businesses, universities, schools, government and non-government organisations, SMEs and individual content producers, events, global and domestic broadcasters, OTT streaming services ai media 6#8$ millions 8 00 12 Annual gross profit and gross profit margin %1 20 20 60% 50% 47% 49% 18 50% 44% 16 40% 40% 40% 41% 38% 14 30% 20% 10 10.6 12.3 14.0 18.0 10% 6 FY18 FY19 FY20 FY21F Gross Profit $ Gross Profit Margin % Gross Profit Margin % - Ai-Media (ex ACS) Gross profit margin percentages rounded to the nearest whole number (1) Gross margin and gross profit margin percentages presented above excludes gross margin from other revenue 0% Commentary Gross profit margin % improvement expected in FY21F from: . a series of cost saving improvement projects from the implementation of new technology, with specific identified labour costs savings targeted; and margin improvements at ACS Group from the utilisation of the Ai- Media technology platform Marginal decline in overall gross profit margin % in FY20 due to: decline in Ai-Media (ex-ACS) gross profit margin reflects impact of entry into new regions aimedia 7#9Ai-Media's technology platform Integration into customer systems/platforms Inbound verbal content Data to train ASR/ translation engines Human Low-bandwidth, high-speed data transfer Automatic speech recognition Machine Translation engine Outbound written content Key platform features ✓ Designed to be the most efficient way of harnessing a global crowd of workers Developed internally and uses best-of-breed technologies Can be fully integrated into a customer's systems or externally accessed Over A$50 million invested since 2009 Management and co-ordination of the crowd#10Ai-Media's technology design 1001011010111011100001010100010 1010001010111001011010111011100 0001010100010100101011100101101 0111011100010001010001010111001 0110101110111000001010100010110 Increased data requires more rules and less accuracy (>8%* error) ^n ^n 1011000100010100010101110011001 0110101110111000010101000101010 0010101110010110101110111000001 0101000101001010111001011010111 Human curation 1011000100010100 010101110011001 ai media Technology Design Humans are better than machines at making meaning, being creative, empathy and high- end customer service Accuracy at the top of the funnel allows for more high quality machine- Curated data increases accuracy and efficiency (-0.5% error) Based on NER captioning quality assessments utilising the scores from the best-performing ASR engines as tested by Ai-Media in FY20. generated downstream applications.#11Live captioning delivery method Average 3 second lag with greater than 99% accuracy CN NU JA EN Live Verbal Content a i media An individual (respeaker) is listening and/potentially watching a live situation ES Ai-Media Translation Engine can translate PT into 120 languages in real time FR Human respeaker edits text in real time to ensure accuracy Speech recognition technology converts speech to text x1 Respeaker The respeaker reproduces the audio in an Al-optimised format Data captured and output constantly improved through machine learning#12Ai-Live on any device alive + CA alive Live Captions turn this notebook into a piece of magic. Words appear on the screen seconds after they are spoken. Access to live captioning and transcription enables deaf professionals to participate with confidence in the workplace. Captions provide inclusion to meetings, conference calls and events. Ai-Live is purpose built, designed, developed, owned ar liver a safe and secure capt over the world. ? GA Live Captions turn this notebook into a piece of magic. Words appear on the screen seconds after they are spoken. Access to live captioning and transcription enables deaf professionals to participate with confidence in the workplace. Captions provide inclusion to meetings, conference calls and events. Ai-Live is purpose built, designed, developed, owned and operated by Ai-Media to deliver a safe and secure captioning service for deaf people all over the world. live COTOBA Live Captions turn this notebook into a piece of magic. Words appear on the screen seconds after they are spoken. Access to live captioning and tran- scription enables deaf professionals icipate with confidence in the ace. Captions provide inclu- meetings, conference calls ents. Live Captions turn this notebook into a piece of magic. Words appear on the screen seconds after they are spoken. Access to live captioning and transcription enables deaf professionals to participate with confidence in the workplace. Captions provide inclusion to meetings, conference. calls and events. Al-Live is purpose built, de- signed, developed, owned and operated by Ai-Media to deliver a safe and secure captioning service for deaf people all over the world. is purpose built, designed, de- H, owned and operated by ia to deliver a safe and secure hing service for deaf people all e world. ? EA le of Is after enables dence in d, owned and Il over the#13Growing global market The Company commissioned an expert report for the Prospectus from Frost & Sullivan. They forecast that in 2020, the total addressable market would be US$11.8 billion (a drop of about US$1.3 billion from previous forecasts as a result of the COVID-19 pandemic), increasing to US$14.7 billion in 2022 at a CAGR of 7.4% between 2015 and 20221. Given trading performance in year to date, the Company's view is that COVID-19 will cause the market to grow rather than decline. Key drivers Increasing regulatory Addressable Market by Service, Global, 2015 to 2022F (US $m) 16000 14000 requirements across the globe 12000 . Increased demand for 10000 services outside media and entertainment 8000 • Increasing need for 6000 localisation 4000 Requirement for low-cost 2000 services to be delivered more efficiently Source: Frost & Sullivan, Market Report, The Language Services Market CAGR 7.4% 0 2015 2016 2017 2018 2019 2020F 2021F 2022F ■Interpreting ■Dubbing ■Closed captioning Other Access Services Subtitling ai media 12#14Broad product suite to address customer needs (1) Automated Speech Recognition Broadcast VOD & Streaming Live events & conferences Unregulated / low cost Regulated / high quality Ai-Media Bespoke - Tightly integrated customer solutions Custom integrations, pricing and products, 24/7 support, speciality requirements and standards, specialised translation and multilingual Education & University Corporate & Government Ai-Media Enterprise - More options, assisted Full suite of accessibility products including multilingual translation and integrations Content creators Low cost, no touch ASR¹ quality available in English and Norwegian, with a world-class self-editor Mass market ai media 13#15High quality, repeating and diversified revenue base Repeating revenue < 1% Revenue by region¹ 15% 14% ■Repeating - FY18, FY19 and FY20 71% ■Repeating - FY19 and FY20 ■New - FY20 ■ Non-repeating Revenue by customer 20% 37% (1) Percentages may not sum due to rounding All charts above are based on unaudited management accounts for pro forma - FY20 43% ■Broadcasters (incl. OTT) ■Government / Corporate / Other ■ Education 45% 9% ⚫ANZ 46% North America OROW Customer concentration 50% 15% 12% 23% ■Largest customer ■ 2-6 customers 7-20 customers ■ Other ai media 14#16• COVID-19 impacts • . Initial response Conferences, live sports and events across the globe were cancelled or postponed, resulting in less content being captioned The downturn was partially offset by increased news broadcasts and OTT content Ai-Media was able to provide customers with timely and quality captions and translation with the majority of the workforce able to work remotely Increased demand Ai-Media has seen an increase in demand from educational, government and non-government organisations and corporate customers given the accelerated shift towards remote working, virtual events and remote education Peak demand in the US starting in the second week in September has seen a ramp up of recruitment and training Long-term opportunity • Remote working • Virtual events and education Increased spending on content by streaming media providers driving increasing demand for content localisation services KEEP ME ENGAGED WITH LIVE CAPTIONS MacBook Air ai media 15#17Ai-Media's competitive advantages Fast, high-quality accurate and secure captioning and translation services with leading live capabilities, global reach, proprietary and leading technology, improving the accessibility of global content Latest Technologies combined with Human Intelligence ✓ Proprietary technology delivering high quality and secure captioning with minimal lag ✓ Using industry standard speech recognition software combined with proprietary artificial intelligence & machine learning ensures Ai- Media's accuracy is ahead of regulatory standards Security Accreditation ✓ Data protection processes in place to support each customer's compliance with local and international privacy laws and regulations Workflow Efficiency and Quality ✓ Custom, flexible, integrated systems for optimising and automating end-to-end service delivery ✓ Consistent delivery of industry leading quality and accuracy greater than 99% as demonstrated through broadcaster annual audits Multilingual Ability to provide live subtitles into over 120 languages with market leading accuracy and minimal lag ✓ Creating local content that can be distributed globally 24 Broad Product Range with Global Reach ✓ Products across broad spectrum ✓ A global mindset with local presence in geographical locations across the ANZ, Asia, EMEA and North America ✓ Delivery of uninterrupted 24/7 production and support aimedia 16#18Growth drivers Growth markets . Platform automation and scalability • Product innovation • Organic growth strategy • • Expansion in existing growth markets, particularly in North America and Asia Leverage key strengths in Live Enterprise, Live Broadcast and Recorded offerings • Grow sales team to promote growth Ongoing, in-house development of Ai-Media's scalable, cloud-based technology platform to: improve accuracy, efficiency and security of the machine output; drive innovation and automation; enable more training data to be captured; improve workflows and tools to manage freelancers; and enhance the ability to scale across multiple jurisdictions As ASR and Al technology improves, incorporating the best-in-breed technologies Supporting accessible streaming and online meetings to meet a growing global demand for online services, accelerated by the COVID-19 pandemic Further develop Ai Speech Analytics based on accurate timecoded transcripts (eg Visible Classroom) Up-sell / cross-sell in its four key regions to existing customer base Leveraging reusable technology-based solution to attract new customers Ai-Media is particularly focused on the Live Enterprise product line, which has seen significant growth in recent years, especially in North America. COVID-19 has accelerated the adoption of video as a core communications tool for education and work, with a resulting significant increase in demand for captioning services Acquisition Consider strategic acquisition opportunities that complement Ai-Media's current business operations opportunities ai media 17#19Update on Q1 of FY21 • • • • Strong start to FY21 with growing demand for captioning services across our key markets, underpinning longer term global growth COVID-19 restrictions are driving an accelerated shift towards virtual events Significant levels of demand for our services in North America as colleges commence the new academic year - predominantly online Continuing to see strong performance in Asia driven by additional multilingual recorded work from over-the-top broadcasters Continue to rapidly onboard new captioners to provide greater long-term capacity to service our customers' ongoing needs. • Reaffirming FY21 Prospectus forecasts, including revenues of A$43.8 million ai media 18#20Investment highlights 1 Large and growing market supported by regulatory requirements and COVID-19 tailwinds 2 Established global presence and employee network 3 4 Industry leading platform providing a scalable business model Large and diverse customer base with repetitive revenue 5 Strong revenue growth and consistent margins 6 Experienced Board, management and personnel led by founder 7 Exceeded FY20 revenue and EBITDA forecasts, reaffirms FY21 guidance ai media 19#21Additional Materials and Case Studies#22Legislative backdrop Failure to comply with accessibility guidelines can result in fines or lawsuits up to $1m+ Eliminating barriers for individuals with disabilities Access for deaf and hard of hearing Access for blind and impaired vision Captioning requirements by Country, 2020 United Kingdom Ofcom Regulations Equality Act Communications Act Canada CRTC Regulations Accessible Canada Act The Broadcasting Act USA FCC Regulations Americans w Disabilities Act (1) Web Content Accessibility Guidelines (WCAG) provides a legal requirement for countries and organisations to make content, including audio-visual content, on the internet accessible for people with disabilities. Web content accessibility EU WCAG standards Australia ACMA Regulations National Disability Insurance Scheme Broadcasting Services Act (BSA) USA WCAG standards ai media 21#23$A millions Customer cohort analysis 40 35 30 25 20 20 15 10 50 Commentary • Customer spend will often increase overtime . • Long term existing customers, together with new customers have contributed to the organic growth in Ai-Media revenue over time Strong track record of revenue retention 0 FY17 FY18 FY19 FY20 ■Pre-FY17 Cohort ■FY17 Cohort ■FY18 Cohort ■FY19 Cohort FY20 Cohort Chart above is based on unaudited management accounts for pro forma - FY20 ai media 22#24• • Live Enterprise case study - World Economic Forum Customer Need Ai-Media was initially engaged to provide live English captions for Davos in 2018, but Davos' expertise in complex live delivery expanded this partnership to: Become World Economic Forum's (WEF) streaming distributor across a variety of languages and platforms Streamline WEF's internal event scheduling system Offer multilingual captioning Publish and manage live social media posts Ai-Media has been the restreaming and captioning partner for the World Economic Forum for three years running (2018-2020), providing accessibility for Davos and numerous international satellite events. OUR PLANET HAM THE DUKE ATTEMBOROUGH OF CAMBRIDGE You're working with Netfix Ai-Media Solution Ai-Media developed a suite of technical capabilities to meet WEF's complex requirements, allowing the Company to deliver: Multi-channel audio support Multilingual captions using our integrated machine translation capability which provided for cost-savings by removing the need for translators to be present on-site Feeds for creating headlines and abstracts in near real-time for news, blogs, other channels, and stream management Simulcasting of open captions and closed captions Handling of multiple protocols Global streaming with low latency, while maintaining stream quality Speech synthesis Capacity snapshot: 24/7 global coverage via a flexible team of coordinators and captioners across 6 time zones 127 captioned streams delivered to WEF's website and social media ai media 23#25. Live Enterprise case study - Global Technology Company Customer Need Ai-Media (ACS) initially provided English captioning for webcasts and large events for a global technology company, projecting text onto the project screens Employees found the captioning at these events beneficial and requested that captioning was provided internally for use in every day operations Security was a top concern for all of the company's employees Ai-Media (ACS) has been a partner with the company for over a decade, starting with a simple webcast. The Company has grown into one of Ai- Media's largest customers across three countries Snapshot Grown from one hour of work initially to one of Ai-Media's (ACS) largest customers Excellent security and quality to meet high customer standards Opportunity for growth and expansion globally Ai-Media (ACS) Solution Ai-Media (ACS) provides a full complement of services for onsite captioning of large events, remote webinar captioning and individual CART captioning services A secure environment for all services meeting the company's IT high standards Unique accents and terminology are learned by onsite CART Captioners providing accuracy Ai-Media (ACS) is able to handle existing needs and on-demand expansion Ai-Media's technology platform allow for services to be provided via remote delivery ai media 24#26• • Live Broadcast case study – Singtel Optus - Customer Need Having never provided live captioning before, Singtel engaged Ai-Media in July 2019 to live caption English Premier League content In order to meet regulatory requirements in Australia, Singtel required high quality live captioning on six Optus sports channels, with two backup channels as redundancy BOU 0-1 MUN 43:02 NEMOUTH Ai-Media Solution Designed to deliver live captioning to Singtel from anywhere, both technically and operationally • Captions on any device Developed a streaming-based video solution to send the signal to our global team Achieved live captioning delivery within budget and ahead of schedule Capacity Snapshot: Average of 211 hours of content delivered / month 24/7 coordination and captioning delivery capability BOOK YOUR CHRISTMAS PARTY AT AFC BOURNEMOUTH This is shaping up to be a fantastic match Both sides are playing evoting footbal OPTUS SPORT Singtel OPTUS ai media 25#27Recorded case study – Griffith University - Customer Need Griffith University engaged Ai-Media in April 2018 to provide closed captions for their recorded lecture content on their learning platform The university wanted to make content more accessible for their students live Ai-Media Solution Ai-Media enabled Griffith University to efficiently order closed captions from within their platform When an order is placed it automatically flows through to Ai-Media's workflow where the captions are produced and then published back to the platform The solution was built with the capability to: Allow for automated receipt, fulfilment and delivery of orders Allow customers to download completed files in a variety of formats Allow customers to view order tracking information LECTURER COBA Good afternoon, students. Today, we'll be moving on to the second topic for this semester. We're looking in detail at the principles of universal design. Who can tell me what universal design means? STUDENT: It's about making things accessible for everyone... LECTURER: Yes! Accessibility is really the key word here. What I want you to think about is how broad universal design really is. It's not just about hysical access to spaces. Think also about digital spaces. Volume snapshot: 145 content hours / month on avg. Over 2,600 files delivered to date · Griffith UNIVERSITY Queensland, Australia ai media 26#28Board of Directors Deanne Weir Non-Executive Director and Chair Deanne has served as a director of Ai-Media since 2010 and became Chair in August 2013. An entrepreneur, company director and philanthropist, Deanne previously spent 10 years at ASX listed company Austar United Communications as a senior executive, including as General Counsel and Company Secretary. Deanne is also Chair of Seer Data and Analytics, an Australian technology start-up. Deanne was a long-term Board member and Deputy Chair at Screen Australia and in 2017 was appointed Chair of the Sydney Film Festival. Deanne is a Graduate of the Australian Institute of Company Directors. Alison Loat Non-Executive Director Alison joined the Board in 2018 is the Chair of Ai-Media's Canadian entity. Alison is the Managing Director, Sustainable Investing and Innovation at OPTrust, a Canadian public pension plan, where she is responsible for environmental, social and governance-related aspects of $22 billion in globally diversified investments and for developing a new investment portfolio that deploys capital at the intersection of sustainability and innovation. She is also a Director of The Logic, a Canadian media company. She holds a BA (Honours) from Queen's University and a Master of Public Policy (MPP) from the Harvard Kennedy School. John D. Martin Non-Executive Director John joined the board in 2010 and served as the company's first Chairman until 2013. He is an experienced company director and business executive having served as CEO and director of ASX-listed Babcock & Brown Communities, Primelife and Regeneus. John is a former corporate and executive partner of the law firm Allens where he specialised in M&A, fundraising and corporate advisory. John is a member of the Australian Institute of Company Directors. Tony Abrahams Chief Executive Officer, Director and Co-Founder Tony is the CEO of Ai-Media, a business he co-founded in 2003. As a Rhodes Scholar, Tony attended the University of Oxford from 1998-2001 where he received a MBA and MPhil in Economics. Tony has Commerce and Law degrees from UNSW and was the university medalist in accounting in 1998. Tony served as a Director of Northcott Disability Services from 2010 to 2018 and was recognised by the World Economic Forum as a Young Global Leader in 2013. Jonathan Pearce Non-Executive Director Jonathan was appointed to the Board in January 2020. He has significant experience in the finance industry and has held senior roles in a number of boutique investment houses. He is a portfolio manager of the CVC Emerging Companies Fund and focuses on primarily on corporate finance and advisory for small and mid-cap companies listed on the ASX. ai media 27#29Senior Management Tony Abrahams Chief Executive Officer, Director and Co-Founder Tony is the CEO of Ai-Media, a business he co-founded in 2003. As a Rhodes Scholar, Tony attended the University of Oxford from 1998-2001 where he received a MBA and MPhil in Economics. Tony has Commerce and Law degrees from UNSW and was the university medalist in accounting in 1998. Tony served as a Director of Northcott Disability Services from 2010 to 2018 and was recognised by the World Economic Forum as a Young Global Leader in 2013. Patrick Fok Chief Financial Officer Patrick has over 25 years of senior finance and business development experience across multiple industries including FMCG, Airline, Media and Technology. His previous roles include Head of Finance Media and Marketing at Telstra, Commercial Director & CFO of Fairfax Radio Network and GM Group Financial Planning at Fairfax Media. Patrick is a Fellow of the Australian CPA, and graduated from the University of Technology, Sydney with a MBA, Post Graduate in IT, and degree in Business. Philip Hyssong Chief Customer Officer Philip is co-founder of Alternative Communication Services, and PostCAP, LLC - a family of text creation companies which Ai-Media acquired in May 2020. He holds an undergraduate degree in Education from Concordia University Chicago, a Masters' degree in Instructional Design from Northern Illinois University, and became a Certified Manager of Reporting Services through the National Court Reporters Association. He pioneered remote CART Captioning bringing it into the mainstream and also was the first to offer Text Interpreting on a national level. He spent time in Washington, DC, for several years as a member of the Federal Communications Committee (FCC) subcommittee on disability. Megan Hemingway Chief Information Officer Megan is the CIO of Ai-Media. She joined in May 2020 after 4 years as the Head of IT for Seven West Media. She has degrees in Computer Science and Mathematics from the University of Newcastle. Megan has more than 20 years experience in IT, starting as a developer, moving through project management into general IT leadership. She has worked primarily in the media, engineering and mining industries. lan Harris Chief Product Officer lan has over 25 years' experience building, delivering and managing technology and broadcast products. As part of Austar United Communications, lan was responsible for building and running the broadcast infrastructure nationally. He has executed global product management and sales roles in broadcast companies in London and Dublin before focusing on North American customers as part of Accenture in New York. Ian is responsible for product strategy and delivery at Ai- Media. Sue Sanossian Company Secretary Sue joined Ai-Media in 2011 and is responsible for assisting the Board and company in meeting its fiduciary, compliance and corporate governance obligations. Sue heads up the People and Culture team and previously was part of the corporate development and legal affairs team at Austar United Communications Limited (an ASX listed company). She is a Member of the Australian Institute of Company Directors. In January 2020 Sue was appointed Board member of the Global Alliance of Speech to Text Captioning. ai media 28#30ai-media.tv aimedia f in

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