Cartrack IPO

LONG-TERM FINANCIAL GOALS WITHOUT ADDITIONAL PLATFORM VERTICALS Reflect our accelerated and aggressive growth strategy Gross margin Research & development as a % of Subscription Revenue Total capital allocated to Research & development as a % of Subscription Revenue(2) Sales & marketing as a % of Subscription Revenue General & administrative as a % of Subscription Revenue Operating profit margin Adjusted EBITDA margin % ( Actual FY2019 71% 3% 4% 12% 29% 30% 44% Actual FY2020 70% 2% 4% 10% 24% 33% 49% Actual Q3 FY2021 72% 3% 5% 10% 23% 34% 51% Long-term targets(1) 69-72% 4-6% 5-7% 17-19% 12-16% 32-36% 50-54% (1) The long-term targets on this slide reflect the company's long-term goals and are not projections or estimates of future results. The company's ability to achieve any such long-term targets is subject to various risks and uncertainties Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from these targets, and there can be no assurance that the company will achieve any such targets within any particular timeframe, or at all. See slide 2 for further information on forward-looking statements. (2) Refer to pg. 46 for reconciliation of total capital allocated to R&D 37

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