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Investor Presentaiton

Balance Sheet Robust balance sheet, record cash balance and no debt Australian Family Lawyers A$'000s Cash and cash equivalents Accounts receivable Other current assets FY19 FY20 1,050 1,555 2,002 1,802 56 Total current assets Deferred tax assets Right of use asset Plant and equipment Intangible assets Total assets Trade and other payables 3,109 3,497 126 465 727 38 68 6,644 6,732 9,917 11,490 1,112 1,471 Current tax liabilities 371 455 • Deferred tax liabilities 305 602 Deferred consideration 600 274 Lease liability - non interest bearing 770 Borrowings 282 21 Employee provisions 117 213 Total liabilites 2,787 3,806 Net assets Issued capital Reserves Retained profits Total equity 7,130 7,684 122,905 122,905 369 (115,775) 7,130 141 (115,590) 7,684 Commentary Cash balance strengthened to a record level of more than $1.5m at 30 June 2020 Strong operating cash flow of $1.6m generated for the FY20 period Balance sheet now carries the "right of use asset" and "lease liability” (non interest bearing) arising from implementation of AASB16 Bank debt facility of $0.5m remains available but has not been utilised since IPO Despite strong growth in revenue, accounts receivable balance has reduced due to enhanced policies and procedures post IPO Increasing intangible asset balance reflects the continued investment in the client acquisition engine, AFL 2.0 As at 31 July, deferred consideration owed to all vendors has been repaid 18
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