IBEX IPO Presentation Deck

($ in thousands) Net income / (loss) from continuing operations Finance expenses Income tax (benefit) / expense Depreciation and amortization A EBITDA from continuing operations Add backs: B Non-recurring expenses Foreign exchange losses Other (income) D Fair value adjustment E Share-based payment Total add backs Adjusted EBITDA from continuing operations CD FY18A ($20,762) 3,093 (108) 12,182 ($5,595) $4,112 1,266 (547) (3,326) 8,386 9,891 $4,296 Note: For additional commentary, please refer to the F-1. Fiscal year ends June 30 Non-GAAP reconciliation FY19A ($4,519) 7,709 3,615 20,895 $27,700 $4,239 1,274 (641) (364) 4,087 8,595 $36,295 YTD Q3 FY19 $128 5,458 3,496 15,692 $24,774 1 925 (464) (365) 4,039 4,135 $28,909 YTD Q3 FY20 $11,575 7,190 1,482 18,460 $38,707 $1,397 523 (518) 632 (119) 1,915 $40,622 A FY19, YTD Q3 FY19, and YTD Q3 FY20 include impact of adopting IFRS 16 FY18 represents non-recurring legal, severance, and listing expenses BFY19 represents non-recurring legal expenses YTD Q3 FY20 represents COVID-19 net expenses, legal settlement, and listing expenses FY18 represents proceeds from legal settlement and insurance proceeds C FY19 and YTD Q3 FY219 represent proceeds from sale of DGS EDU LLC and deferred income YTD Q3 FY20 represents deferred income D For all periods, recorded a revaluation associated with the Amazon warrants FY18 primarily relates to share-based payments expense pertaining to options to purchase an aggregate of 1,633,170 common shares awarded from December 22, 2017 through and including June 30, 2018, net of 145,399 option forfeitures E FY19 and YTD Q3 FY19 represent cancellation of 2017 IBEX Stock Plan and phantom stock plans partially offset by elimination of the liability associated with the phantom stock plans YTD Q3 FY20 represents share-based payment expenses 22

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