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Investor Presentaiton

Product sales Product sales (Reported) FY20: $21.9m FY21: $21.6m $11.9m $10.0m down 10% YoY $9.0m H1 FY20 H2 FY20 H1 FY21 up 6% YoY $12.6m H2 FY21 Product sales (Constant Currency¹) FY20: $21.9m FY21: $23.1m $11.9m $10.0m down 8% YoY $9.2m H1 FY20 up 17% YoY $13.9m H2 FY20 H1 FY21 H2 FY21 Product sales for H1 FY21 of $9.0m down 10% on H1 FY20, reflecting the impact of the COVID-19 pandemic. Despite NZD/USD exchange headwinds, product sales recovered strongly in H2 FY21, increasing 6% on H2FY20 (17% in constant currency). Full year product sales of $21.6m decreased 2% on FY20, however increased 5% on a constant currency basis. 1 Constant currency (CC) removes the impact of exchange rate movements. This approach is used to assess the Group's underlying comparative financial performance without any distortion from changes in foreign exchange rates, specifically the USD. The NZD/USD exchange rate of 0.64 has been used in the constant currency analysis, representing the average rate for FY2020. 28 28 AROA™
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