2020 Annual General Meeting Address and Presentation

FY20 review and 1H FY21 update
IKE Annual General Meeting
29 September 2020
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Rick Christie, Chairman.
Glenn Milnes, CEO.

Chairman’s Address
Rick Christie

CEO Presentation
Glenn Milnes

Important Notice
➕is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in
ikeGPSLimited;
➕should be read in conjunction with, and is subject to, ike’sFY20 financial statements, market releases, and information published on ike’s
website (www.ikegps.com);
➕includes forward-looking statements about ikeand the environment in which ikeoperates, which are subject to uncertainties and
contingencies outside of ike’scontrol –ike’sactual results or performance may differ materially from these statements;
➕includes statements relating to past performance, which should not be regarded as a reliable indicator of future performance;and
➕may contain information from third parties believed to be reliable –however, no representations or warranties are made as to the accuracy
or completeness of such information.
➕All information in this presentation is current at the date of this presentation, unless otherwise stated.
➕All currency amounts are in NZ dollars unless stated otherwise.
Information in this Presentation:
Receipt of this Document and/or attendance at this presentation constitutes acceptance of the terms set out above in this Important Notice.
Notice
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Confidential

FY20 Performance Summary
Continued growth in revenue and gross margin
1
. Over 70% of revenue is now from subscription and transaction sources.
* Trends derived from performance over a four-year period shown. Refer to https://ike4.ikegps.com/wp-content/uploads/2020/06/ikeGPS-FY20-financial-results-for-release-final-copy.pdffor more information.
Performance
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1 (Refer to ASX andNZX announcement dated 29 June 2020 for further information)
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Meeting Market Demand
Addressing a market opportunity in two key U.S. segments
Confidential
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Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
>3,200 electric utilities across
the U.S.
The engineering design and
maintenance of poles matters.
-Outages
-Irritated customers
-Potential catastrophic
consequences
-Lost revenue
-Increased O&M costs
-Environmental clean-up costs
-Significant legal liability
-Code compliance

Addressing a market opportunity in two key U.S. segments
＋Communications market macro;
->$300B expected investment into fiber network development
in the U.S over next 5+ years.
->$50B expected investment into 5G network development in
the U.S. over the next 5+ years
IKE dramatically speeds up the pre-construction process.

Meeting Market Demand
Communication InfrastructureProviders (CIPs / Telco’s)
Applications
＋Fibernetwork deployments
＋5G network deployments
IKE software
＋Brings new networks and services online faster.
＋Standardize costs & data across multiple geographic markets.
Market opportunity for IKE
＋Bottom up;)
->200 CIPs in the North American market.
＋Macro;
->$300B expected investment into fiber networks in the U.S over next 5+ years.
->$50B expected 5G network investment
(1) IKE’s internal estimate.
(2) Deutsche Bank Report, Shining A Light on the Fiber Cycle, October 2017
Electric Utilities
Applications
＋Joint-use requests from CIPs
＋Network hardening to protect against storm and fire risk.
＋In some cases, building their own fibernetworks.
IKE Software
＋Increases pole attachment permit requests.
＋Standardized process to assess if poles are compromised.
Market opportunity for IKE
＋The largest potential market for IKE in the long term;
->3,200 electric utilities in North America
->$750M per annum estimated Total Addressable Market (3)
＋IKE expects that this segment will develop more slowly than the CIP and
Engineering Service Provider market
(3)www.statista.com
(4)IKE’s internal estimate
Addressing a market opportunity in two key U.S. segments
Expected to be highly leveraged to the projected investment super-cycle into fiber and 5G network deployment over the coming 5+ years.
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Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

What do we do? Our revenue model explained
Basic pole
assessment
Make Ready
Adjustments
Annual subscription
revenue per device in the
field and upfront revenue
for device sales
Pole Load Analysis
(Digital Twin)
IKE Field Tools & Software
IKE Cloud Software
The Pole Analysis Platform
＋IKE Report
＋PLA Report
＋MRA Improvements
＋Pass/Fail Maps
＋IKE Office Cloud Database
＋IKE Photo Records
＋Permitting
IKE Analyze solution offering
An end-to-end model from cloud based software, field tools, and field software. Delivering detailed pole reports to our customers
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Confidential
Per Pole Analyzed;
Transaction Revenue
Detailed Reports Used By Customers
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

What do we do? Our revenue model explained
Basic pole
assessment
Make Ready
Adjustments
Annual subscription
revenue per device in the
field and upfront revenue
for device sales
Pole Load Analysis
(Digital Twin)
IKE Field Tools & Software
IKE Cloud Software
The Pole Analysis Platform
＋IKE Report
＋PLA Report
＋MRA Improvements
＋Pass/Fail Maps
＋IKE Office Cloud Database
＋IKE Photo Records
＋Permitting
IKE Analyze solution offering
An end-to-end model from cloud based software, field tools, and field software. Delivering detailed pole reports to our customers
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Confidential
Per Pole Analyzed;
Transaction Revenue
Detailed Reports Used By Customers
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

What do we do? Our revenue model explained
Basic pole
assessment
Make Ready
Adjustments
Annual subscription
revenue per device in the
field and upfront revenue
for device sales
Pole Load Analysis
(Digital Twin)
IKE Field Tools & Software
IKE Cloud Software
The Pole Analysis Platform
＋IKE Report
＋PLA Report
＋MRA Improvements
＋Pass/Fail Maps
＋IKE Office Cloud Database
＋IKE Photo Records
＋Permitting
IKE Analyze solution offering
An end-to-end model from cloud based software, field tools, and field software. Delivering detailed pole reports to our customers
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Confidential
Per Pole Analyzed;
Transaction Revenue
Detailed Reports Used By Customers
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

What do we do? Our revenue model explained
Basic pole
assessment
Make Ready
Adjustments
Annual subscription
revenue per device in the
field and upfront revenue
for device sales
Pole Load Analysis
(Digital Twin)
IKE Field Tools & Software
IKE Cloud Software
The Pole Analysis Platform
＋IKE Report
＋PLA Report
＋MRA Improvements
＋Pass/Fail Maps
＋IKE Office Cloud Database
＋IKE Photo Records
＋Permitting
IKE Analyze solution offering
An end-to-end model from cloud based software, field tools, and field software. Delivering detailed pole reports to our customers
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Confidential
Per Pole Analyzed;
Transaction Revenue
Detailed Reports Used By Customers
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

We achieve dramatic productivity gains alongside improvements in data quality, field safety, and standardization.
IKE Analyze drivers
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Why do customers adopt the IKE platform?
Confidential
75%
Reduced
Personnel requiring field visits
0
Zero
revisits to the pole
2x Faster
Improved
Workflow speed from end to end
8x
Reduced
permit request rejections
35% Lower
Costs
Across the pre-construction process
2x Greater
Volume of Poles
Analyzed and engineered per day
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Proof Points
Our customers are some of the largest telecommunications, electric utility, and engineering service providers in North America.
We have expansion opportunities inside these organizations, and a pipeline of potential new customers.
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We are working with the biggest names in the business
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Our Team
A Board and Leadership team with deep industry experience
Platform
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Rick Christie / (MSc (Hons) Chemistry)
Chairman and Independent Director
Rick Christie is the former Chairman of Ebos
Group, where he was Chair through much of its
growth to become a >$3B business today. He has
experience on a number of other major boards,
including TVNZ. Rick was previously CEO of
investment company RangatiraLtd and had 20
years’ executive management experience in the
international oil & gas industry.
Governance Team
A Board with deep industry experience
Board of Directors
Glenn Milnes (MBA (Dist.), BSc (Hons), BPhed)
CEO & Managing Director
Glenn Milnes is the CEO and managing director at
ikeGPS, where he is accountable for the company’s
overall strategy, performance, and growth. Prior to
leading ikeGPS, Glenn previously held senior executive,
strategy and corporate development positions in the
Communications industry with Cable & Wireless
International, and with No. 8 Ventures.
Bill Morrow
Independent Director
Bill currently leads a business-wide strategy initiative at
AT&T, the world’s largest communications company,
reporting to its Chairman & Board. Bill has held positions
including CEO of Vodafone Australia, Vodafone Europe,
President of Vodafone KK Japan, CEO of Pacific Gas and
Electric. Bill was also CEO of NBN co., where he led the
build of Australia’s $40B universal broadband network
that has connected more than 6.5 million homes and
businesses. His Board experience includes as a member
for eight years at Broadcom Inc. (one of the world’s
largest semiconductor businesses) and Openwave.
Dr. Bruce Harker / (PhD Electrical
Engineering, BE (Hons))
Independent Director
Bruce is currently a senior executive of H.R.L.
Morrison and is also Chairman of NZX/ASX listed
Tilt Renewables. Among other directorships, he
was previously Chairman of NZX/ASX listed
Trustpower, deputy Chair of ASX listed Energy
Developments and Chair of the Australian energy
retailer LumoEnergy.
Alex Knowles
Director
Alex has investing and operating experience with international
companies in the information technology and transportation
industries. Based in Los Angeles, He was formerly Chief
Operating Officer of the largest international freight forwarder
and small parcel consolidator in the U.S.
Fred Lax / (MSEE AND BSEE)
Independent Director
Fred Lax is an executive leader with extensive global experience in
the telecommunications industry and related technologies. Based
in California, he is a former director of NASDAQ listed Ikanos
Communications Inc. (acquired by Qualcomm Atheros), and
former Chief Executive Officer and President of NASDAQ listed
TekelecInc.
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Mark Ratcliffe
Independent Director
Mark joined IKE most recently from Chorus, where he was its CEO
leading the deployment of New Zealand’s national fiber network.
Prior to Chorus Mark was CIO and COO of Spark (formerly
Telecom NZ). His other governance roles include as non-executive
director of 2Degrees Mobile and as Chairman of First Gas.
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Governance Team
Mark Ratcliffe welcomed January 2020
Board of Directors
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Mark Ratcliffe
Independent Director
Mark joined IKE most recently from Chorus, where he was its
CEO leading the deployment of New Zealand’s national fiber
network.
Prior to Chorus Mark was CIO and COO of Spark (formerly
Telecom NZ). His other governance roles include as Deputy
Chair at Ultra Fast Fibreand as Chairman of First Gas.
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Governance Team
Thanking Bruce Harker for his immense contributions
on his resignation, September 2020
Board of Directors
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Executive leadership. Pole experts.
Our team includes a small direct B2B sales team; we sell & deliver directly into the largest infrastructure companies in USA.
Glenn Milnes
Chief Executive Officer & Managing Director
Pole People
Leon Toorenburg
Chief Technology Officer
Chris Birkett
Chief Financial & Operating Officer
Malcolm Young
Senior VP Structural Analysis / Head of PoleForeman
Liz Etzel
Support Lead
Mike McGill
Senior VP, Business Development
Dan McGrady
Director of Customer Success
Sara Deere
Solution Engineering Lead
Blake Collins
Solutions Engineering Manager
Jessica Walker
IKE Analyze Manager
Norwood Keel
Senior VP, Product Management
Chris Ronan
Chief Marketing Officer
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Our Technology Platform & Products
Built from the ground-up for the collection, analysis and management of poles
Platform
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ConfidentialConfidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

An end-to-end workflow and revenue model
Basic pole
assessment
Make Ready
Adjustments
Annual subscription
revenue per device in the
field and upfront revenue
for device sales
Pole Load Analysis
(Digital Twin)
IKE Field Tools & Software
IKE Cloud Software
The Pole Analysis Platform
＋IKE Report
＋PLA Report
＋MRA Improvements
＋Pass/Fail Maps
＋IKE Office Cloud Database
＋IKE Photo Records
＋Permitting
IKE Analyze solution offering
A combination of cloud based software, field tools, and field software to deliver detailed pole reports to our customers
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Confidential
Per Pole Analyzed;
Transaction Revenue
Detailed Reports Used By Customers
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Many utilities have little visibility as to the condition of poles in the field.
Example IKE Solutions Outputs
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Photo-Verifiable Accuracy via the IKE Platform
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Pole Loading Analysis
IKE’s PoleForemanproduct is one of four accepted standards for pole analysis as used by the owners of power poles in the U.S.
Pole Loading
Structural integrity
Clearance Analysis
NESC compliance
Example IKE Solutions Outputs
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Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Optimizing Workflow
Management
Example IKE Solutions Outputs
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Starting with a customer
deliverable and finding
the most efficient way to
define workflows.
Confidential –NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Speed of network deployment is the most crucial aspect to customers investing in 5G or Fiber network construction.
Our automated Attachment Permit Applications eliminate manual input errors & dramatically speed time to approval.
Example IKE Solutions Outputs
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Enabling Faster Permitting
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1H FY21 Update
1H FY21 Update
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Momentum back Q2 after Covid-impacted Q1
1H FY21 Update
➕IKE has ‘essential business’ status in the U.S. supporting critical infrastructure
development and maintenance, notwithstandingQ1 FY21 was significantly impacted by
Covid-19 due to lockdowns across North America.
➕Q2 FY21 has seen momentum return for orders and sales pipeline. Orders Q2 FY21 are
expected to be approximately $3M, above FY20 run rate levels.
1H FY21 Update
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Winning in the pit
1H FY21 Update
➕Participants in the Communication and Electric Utility industry continue to react to Covid-
19 impacts in very different ways.
➕IKE’s approach has been to see the business opportunity; first to work as hard as possible
through the Q1 period to optimize internal processes, and secondly to resource for the
market bounce forward from Q2.
➕In July, this included closing an oversubscribed NZ$19.7m / A$18.5m capital raising that
included bringing strong new Australian funds onto the register. Use of funds are to grow
sales & delivery capability and to assess additional acquisition opportunities.
1H FY21 Update
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Winning in the pit example
IKE University; for remote learning and remote customer training & deployment
1H FY21 Update
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Winning in the pit example
IKE Pulse; for real-time customer communications
1H FY21 Update
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Where are going? Strategy re-cap
Three ‘swim lanes’ to create a platform with differentiated advantage,
and power the industry
➕Excellence in field data collection technology and
products as relate to distribution assets
➕Excellence in technology and products for the
analysis and management of distribution assets
➕Customer Experience, Sales Model &Delivery
Model excellence as relate to distribution assets
12 Quarter Plan

Who are focused on:
-Faster network deployments.
-Improving network and data quality.
-Keeping crews out of harm’s way.
-Meeting the demands of regulators.
Thank you and questions...
IKE is Dedicated to Serving
Communications Companies &
Electric Utilities.
IKE is...
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Resolution 1
Auditors Remuneration: That the directors are authorised to fix the auditor’s
remuneration.

Resolution 2
Election of Mr Mark Ratcliffe: That Mr Mark Ratcliffe, appointed by the Board
as a director effective 1 January 2020 and who retires and is eligible for
election, is elected as a director of ikeGPSGroup Limited.

Resolution 3
Re-election of Mr Fred Lax: That Mr Fred Lax is re-elected as a director of
ikeGPSGroup Limited.

Resolution 4
Re-election of Mr Rick Christie: That Mr Rick Christie is re-elected as a
director of ikeGPSGroup Limited

Resolution 5
Director and Employee Share options: That the Board of ikeGPSGroup Limited (the
Board) is authorised, pursuant to Listing Rule 4.2.1, to:
a)issue up to 3,000,000 options to subscribe for ordinary shares in the Company
(Options), to employees and directors of the Company on the terms set out in
the Explanatory Notes accompanying this Notice of Meeting; and
b)take all actions, do all things and execute all documents and agreements
considered by the Board necessary to give effect to the issue of the Options.

---

ikeGPS Group Limited
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com



FOR IMMEDIATE RELEASE
29 September 2020

IKE Annual General Meeting
Chairman’s address

Good afternoon Shareholders.
In keeping with our respective roles in the company, Glenn and I will share the AGM narrative today.
I will make some comments about IKE’s business and corporate environment, noting of course that
whilst your company had its origins in New Zealand as a private company, it is now a Publicly Listed
company in both NZ and Australia, with its target market and operations almost exclusively in the
USA. The company has also transitioned from predominantly device driven revenues, to a business
model which is dominated by software subscriptions, data analytics and transaction revenues.
FY20 was a busy and productive year for our business with continued growth and improvement
across key metrics. Our core target market has also continued to develop positively, being tier-1 U.S.
communications companies, electric utilities and their engineering service providers. Success within
this market is the key long-term value driver for our business.
In keeping with our ambition to be the pole standard in the North American market and to increase
our suite of products to pole owners and users, we also acquired certain assets of PowerLine
Technology Inc. (PLT) in the period, one of the leading structural analysis software companies in
North America. Post-acquisition activities have been positive with all major PLT customers
renewing their annual software licenses post-acquisition, and IKE Analyze cross-sell opportunities
with PLT customers have also emerged. In the future IKE will continue to investigate and pursue
growth by further acquisitions of relevant market products and technologies.
At the same time the Q4 period of FY20 saw the emergence of the Covid-19, which has adversely
impacted business across the globe. This has been particularly so in the USA which failed to control
the virus in its early stages, and this has had a flow-on effect across all of the US market, including
construction in the communications and electric utility sectors, the core markets for IKE.
Fortunately for IKE, communications and power are regarded as essential industries, and IKE is also
classified as an essential business. This has enabled us to continue operating, albeit at a reduced
rate, while many other industries were effectively shut down.
Glenn will comment in more detail on working conditions in the current environment, in due course.
Next some comments about your Board of directors. Our Board appointments reflect the need for
relevant industry knowledge and experience, and the seniority of our Board is appropriate relative to
the scale of our customers - some of the largest infrastructure companies in the U.S.A.

ikeGPS Group Limited
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


In keeping with this philosophy, we were pleased to welcome Mark Ratcliffe onto IKE’s Board at the
beginning of January 2020. Mark brings leadership experience from positions across our targeted
industries. Mark’s past roles include, CEO of Chorus, Chief Operating Officer Wholesale &
Technology of Telecom New Zealand (now known as Spark), and Chief Information Officer of
Telecom New Zealand (now known as Spark). Mark also has considerable governance experience.
Among other directorships he has recently retired as a non-executive board member of 2Degrees
Mobile, the highly successful new entrant into the New Zealand mobile market, is a non-executive
Director of First Gas, and will take up the role of Deputy Chairman of Ultra Fast Fibre on 1 October
this year.
At the same time, I am sorry to advise that one of our longstanding Directors, Mr Bruce Harker, has
decided to retire for health reasons effective from today’s date, so this will be his last meeting.
I would like to record the Boards’ great appreciation for Bruce’s contribution to IKE’s progress over
the last 6 years. His experience as a senior director and his understanding of the technical
complexity of IKE’s market have been of huge support to the Board and Management, and we will
miss his involvement.
To conclude my comments before handing over to Glenn, I should add that in this current quarter
we concluded an oversubscribed capital raising of $19.7m, which will support plans to grow our
team and revenues. Along with the increase in capital we increased the reach and numbers of our
shareholder base, and I am pleased to welcome a number of you here today.
Glenn, over to you for more detail of our performance for FY 2020, and a more in-depth view of our
markets and operations
Thank you.




ENDS

IKE seeks to be the standard for collecting, analysing and managing pole and overhead asset
information for electric utilities, communications companies, and their engineering service providers.

Contact: Glenn Milnes, CEO, +1 720-418-1936, glenn.milnes@ikegps.com