IBEX IPO Presentation Deck

Disclaimer BEX Limited ("ibex, we, us, our or the "Company") has filed a registration statement on Form F-1 (File No. 333-239821) (including a preliminary prospectus (as amended, the "Prospectus")) with the United States Securities and Exchange Commission (the "SEC") for the offering to which this presentation relates. This registration statement has not yet been declared effective. When available, you may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, any underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it from Caligroup, co Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tet: 800-831-9146 or email to: Prospectusmati.com) or RBC Capital Markets, LLC, Attention: Equity Syndicate Department, 200 Vesey Street, 8 Floor, New York, NY 10281, at 1-877-822-4089 or by email at equityprospects @boom.com All June 30, 2020 amounts are preliminary and subject to change in connection with the completion of the Company's audit for such period. This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words including "anticipate, believe, "continue," "estimate," "expect," "project," "predict "intend." "may, will should," "could and similar expressions, and the negative forms of such expressions, are intended to identify forward-looking statements. We have based these forward-looking statements largely on information currently available to us and our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions These risks include, but are not limited to: . . . . . . . The COMID-19 pandemic has adversely impacted our business and results of operations. The ultimate impact of COVID-19 on our business, financial condition and results of operations will depend on future developments which are highly uncertain and cannot be predicted at this time, including the scope and duration of the pandemic and actions taken by federal, state and local governmental authorities in the United States, local governmental authorities in our international sites and our clients in response to the pandemic: Frontier, our largest client as of March 31, 2020, has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, which could have a material adverse effect on our business, financial conditions, results of operations and cash flows; Our business is dependent on key clients, and the loss of a key client could have an adverse effect on our business and results of operations: We enter into multi-year contracts with our clients. Our failure to price these contracts correctly may negatively affect our profitability: The terms of our client contracts may limit our profitability or enable our clients to reduce or terminate their use of our solutions The consolidation of our clients or potential clients may adversely affect our business, financial condition, results of operations and prospects; If our clients decide to enter into or further expand insourcing activities in the future, or if current trends toward outsourcing services and / or outsourcing activities are reversed, t may materially adversely affect our business, results of operations, financial condition and prospects: Our business is subject to a variety of U.S. and intemational laws and regulations, including those regarding privacy, data protection and information security, and our customers may be subject to regulations related to the handling and transfer of certain types of sensitive and confidential information. Any failure to comply with applicable laws and regulations would harm our business, results of operations and financial condition, and We have a limited operating history as an integrated company under the IBEX brand, which makes it difficult to evaluate our future prospects and the risks and uncertainties we may encounter. Discussions containing these risks and other forward-looking statements may be found, among other places, in Sections entitled "Forward-Looking Statements" and "Risk Factors in the Prospectus. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this presentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. You are cautioned not to give undue weight to such expectations. We are under no duty to update any of these forward-looking statements after the date of this presentation to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this presentation. Moreover, except as required by law, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements contained in this presentation This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition. projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are subject to a high degree of uncertainty and risk By attending or receiving this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business. Before you make a decision, you should read the Prospectus and the other documents the Company has filed (or fies after the date hereof) with the SEC in connection with this offering for more complete information about the Company and the offering. The information contained in this presentation does not constitute business. investment or legal advice. Prior to making a decision, you are encouraged to consult your own counsel accountants and other advisors. This presentation includes non-GAAP financial measures which have certain limitations and should not be considered in isolation, or as atematives to or substitutes for, financial measures determined in accordance with generally accepted accounting principles in the United States ("GAAP). The non-GAAP measures as defined by us may not be comparable to similar non-GAAP measures presented by other companies. Our presentation of non-GAAP measures, which may include adjustments to exclude unusual or non- recurring items, should not be construed as an inference that our future results will be unaffected by these or other unusual or non- recurring items See the Non-GAAP Reconciliation section for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures. Each trademark, trade name, service mark or logo of any company appearing in this presentation belongs to its holder. We do not intend our use or display of other parties trademarks, trade names service marks or logo to imply, and such use or display should not be construed to imply, a relationship with, or endorsement or sponsorship of us by, these other parties. This presentation is for informational purposes only and is neither an offer to purchase, nor solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transaction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.