IBEX IPO Presentation Deck

Low capex requirements to support 10%+ top line growth, all driven by average payback period on growth capex of less than 2 years Capital Expenditures ($m) $9.7 $4.9 $4.8 FY19 Maintenance Strong FCF generation and capital efficiency Note: Fiscal year ends June 30. Maintenance CapEx as a % of Revenue 1.3% Total CapEx as a % of Revenue 2.6% Growth $15.5 $9.3 $6.2 YTD Q3 FY20 2.0% 5.1% Increased growth capex due to new site launch investment Free Cash Flow ($m) ($2.5) FY19 FCF Excluding Changes in Working Capital $5.4 $11.5 YTD Q3 FY20 $8.5 17

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