Investor Presentaiton

Reconciliation of Normalised Profit or Loss to NZ GAAP Reconciliation of Normalised Profit or Loss to NZ GAAP Profit or Loss Normalised loss before income tax Share based payments Transaction costs Other losses Loss before income tax (NZ GAAP) Share Based Payments Reported 2021 Reported 2020 NZ$000 NZ$000 (7,472) (3,886) (2,010) (418) (1,607) (850) (8,013) (1,006) (19,102) (6,160) Share based payments of approx. $2.0 million relate to the vesting of the share options issued to Directors and employees of the Company on IPO and certain employees in September 2020. Transaction Costs Transaction costs of $1.6 million relate to the costs associated with the IPO, including lead manager fees, legal fees, accounting and audit fees, ASX listing fees and road show expenses. Out of the total costs of $3.2 million incurred during the year ended 31 March 2021, $1.6 million was recognised against share capital, with the remaining $1.6 million recorded within operating expenses. Other Losses Other losses of $8.0 million are a non-cash, one-off expense attributable to the fair value adjustment of pre-offer shares issued in February and May 2020, which were classified as financial liabilities as opposed to equity in accordance with NZ IAS 32. During the reporting period, these financial liabilities at fair value through profit or loss were fully reclassified as equity, following the IPO. AROA™ 36 37

View entire presentation