Rakon 2021 Annual Meeting Address and Presentation

Rakon Limited
T +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
Page 1 of 7 w w w . r a k o n . c o m
© 2021 Rakon Limited. All Rights Reserved. Unauthorised use or publication is expressly prohibited.


12 August 2021

Rakon (RAK) 2021 Annual Meeting Chair’s Address
Chair’s Welcome from Bruce Irvine
Good afternoon shareholders my fellow Rakon Board members, executive and employees
and other attendees.
Before we get underway with the business of the meeting – there are a few housekeeping
matters I need to cover:
 In the event of a long alarm, please exit through the lighted EXITS and follow all
instructions given by the Event Centre staff.
 In the event of any other health and safety concern please raise the attention of one
of the staff helping here today.
 For the Bathrooms please note these are located outside the meeting room – please
follow the signs.
Please ensure your cell phones are on silent.
Welcome to the 16
th
Annual Meeting of Shareholders of Rakon Limited. It is pleasing to see
so many of you here today. My name is Bruce Irvine and I am Chair of the Board and will
chair today’s meeting.
I confirm we have a quorum for today’s meeting and declare the meeting open.
The order of business for today’s meeting is set out in the Notice of Annual Meeting which
was sent to shareholders on 15 July 2021 and is summarised on the slide you can see behind
me. You should also have received or had access to the Company’s 2021 Annual Report and
2021 Review as released on 30 June 2021. If you have not been able to view either of these
documents you can find them on our website or request a printed copy at any time.
We have three resolutions to address later in the meeting and shareholders may ask
questions in relation to each resolution before it is voted on. There will also be an
opportunity for questions and comments about the business after the addresses from the
Chief Executive and myself.
In the course of the meeting, we will also respond to questions and comments raised by
shareholders prior to the meeting.
This meeting is being streamed via a live audio and video link with the presentation slides.

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Following my address, I will hand over to our Managing Director and Chief Executive Brent
Robinson who will talk about the business in more detail.
Chair’s Address
Firstly, I would like to introduce my colleagues who are here on stage with me:
 Brent Robinson: Brent is our Managing Director and Chief Executive – Brent is well
known to you all for his long experience and leadership of the Company.

 Lorraine Witten: Lorraine has been on the Board since March 2017 and chairs our
Audit and Risk Committee. Lorraine has extensive governance, senior management
and business experience in the technology and communications sector.

 Keith Oliver: Keith has also been a Board member since March 2017 and chairs our
People Committee. Keith is a professional director and business adviser and has
experience with New Zealand and international technology companies.

 Keith Watson: Keith has been on the Board since September 2018. Keith has local
and international management and governance experience in engineering and
technology businesses. Keith is a member of Rakon’s Audit and Risk Committee.

 Anand Rambhai Anand is our Chief Financial Officer. Anand has been with Rakon for
eight years including being the CFO for the last three years.

 As was the case last year, you will note our numbers here on stage are fewer than
usual. Due to the COVID – 19 pandemic, Director, Tony Tseng who is based in
Taiwan is not able to join us today and nor are any of his colleagues. Tony, is the
Chair of Siward Crystal Technology Company Limited and has been on the Board
since March 2017. Siward is a substantial shareholder of Rakon.

 For myself – I have been on the Board since 2005 taking over the role of Chair in
2018. I am a former managing partner of Deloitte in Christchurch and a professional
director with experience across a broad range of New Zealand companies. I retire by
rotation this year and am offering myself for re-election at this meeting.

 In the front row is our Company Secretary and in-house legal counsel, Maureen
Shaddick. Maureen has been with Rakon for almost three years.

 Brent will introduce you to other members of the Executive team when he speaks.
I would also like to acknowledge the presence of representatives of our auditor
PricewaterhouseCoopers, legal adviser Bell Gully and the team from Computershare.
Computershare manages Rakon’s share register and is responsible for managing and
scrutineering the voting at today’s meeting.

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I am very proud to be the Chair of Rakon Limited. Rakon is a globally recognised leader in the
frequency control product industry providing timing and synchronisation solutions for
equipment in the Telecommunications, Positioning, Space and Defence sectors.
In today’s world where technological changes are occurring at an ever increasing rate this is
an exciting but challenging industry to be part of.
Financial Snapshot FY2021
In the financial year ended March 2021, we built on the improvements recorded in the
three previous financial years. We delivered revenue growth and increased Net Profit and
Underlying EBITDA
1
predominantly from growth in the Telecommunications sector. The
steady improvement in Underlying EBITDA
1
has continued over the last five years, as shown
in the presentation slide. In April 2021 your Board indicated further improvement with
forecast Underlying EBITDA
1
in the range of $27 million to $32 million for FY2022. I can
advise today that we are currently tracking to the top end of this guidance range, but that
could be impacted by significant global shortages and increased lead times for inventory as
well as the continuing uncertainty arising from the Covid-19 pandemic affecting our
operations and those of our suppliers and customers.
Shareholder Value
Looking back at FY2021, we are pleased with the way the Rakon team tackled the challenges
and opportunities during the year and grew the business. We were also pleased to see the
improved performance and growth reflected in a significant increase in Rakon’s share price.
We kept our people safe and demonstrated the resilience of our people in maintaining
operations through the disruption presented by Covid-19. While in New Zealand, our
manufacturing plant has been able to operate as normal, except during the local Level 4
lockdown, our factories in France and India had to manage much greater disruption and
restrictions as the pandemic continued and resurged in those countries.
There is no question that the business suffered significantly in the first few months of the
year due to Covid. We qualified for the wage subsidy and it proved critical in assisting the
business to get through those first few months intact.
Ultimately, however, new opportunities also flowed from the pandemic. These were
captured by the company, demonstrating Rakon’s understanding of its industry and
markets, its agility and its ability to scale-up its operations.
In the latter part of the first half of 2021, we saw increased demand from our
Telecommunication customers. Initially this was thought to be the purchase of security

1
Refer to Note 5 of the FY2021 audited consolidated financial statements for an explanation of how ‘Non-
GAAP Financial Information’ is used, including a definition of ‘Underlying EBITDA’ and reconciliation to NPAT

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stock to hedge against Covid disruption, however this demand continued through the year
resulting in the 18% increase in the Telecommunications revenue reported.
In the second half, Rakon was able to respond to the world-wide TCXO shortage. Through a
combination of Rakon’s own proprietary chip, engineering expertise to adopt an alternative
chip, good inventory levels, industry connections and partnerships and ability to expand its
operations by building its own equipment, Rakon was able to meet both the early demand
generated by the TCXO shortage and then to scale up and commit to longer term orders. For
example, Rakon New Zealand’s production capability is now 40% higher than it was in
FY2021. Significant long term orders secured late in FY2021 are reflected in our forecast for
FY2022.
Strategy
Over the course of FY2021 your board and management undertook a strategy review. There
was a strong focus on determining the long and short term objectives, tasks and
deliverables to ensure Rakon could respond appropriately to future challenges. These are
monitored and progress is reported to the Board on a monthly basis.
Rakon continues to service four principal market segments: Telecommunications,
Positioning, Space and Defence and is a preferred supplier of most Tier One and Two
customers and other strategic customers in these markets.
Rakon’s particular strength is its industry leading Research & Development resulting in
products which meet the most challenging specifications and which are difficult to replicate.
Rakon works alongside its customers to develop solutions and enable them to advance their
applications and technology.
Rakon maintains its strong focus on Research & Development including further advancing its
nano-quartz XMEMS technology to support the development of next generation products
and to compete with silicon-based MEMS technology. Design-in wins using this advanced
technology, which significantly enhances performance, have already been achieved.
Our global operations are efficient and highly scalable. With access to low cost
manufacturing through our operations in India and our partners such as Siward and through
the Research & Development global centres of excellence, we are able extend the life of our
existing product lines and explore and develop new applications and technology.
We have highlighted these areas as strategic priorities and we are pleased to be making
good progress.
Some of the key strategic achievements the Board has endorsed over the last year and
which have been supported through securing new funding lines include:
 The approval of business case for further investment in XMEMS

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 The approval of investment in new, modern and fit for purpose premises in India
which also provide a platform for expansion of Rakon’s current operations.
 Support of initiatives to enhance global capabilities.
Governance
The Board was busy in FY2021 supporting management in its response to the risks and
disruption arising from the Covid-19 pandemic. There were 16 Board meetings to provide
support to management and regular oversight of the business. Throughout the year, the
Board sought to take all practicable measures for the health and safety of its employees and
to maintain manufacturing, research and development and engagement with customers
across Rakon’s global operations. The resilience of the global team has been exceptional,
not only in responding to the challenges of operating in pandemic but also in responding to
the new opportunities that emerged during the course of the year.
We are committed to continuous improvement in our governance practices and seek to
ensure there is a sound framework for governance and risk management to support this
commitment. In our Corporate Governance Statement in the 2021 Annual Report, we
provide a detailed account of our compliance with the New Zealand Stock Exchange (NZX)
Corporate Governance Code. Key governance charters, policies and guidance are available
on our website.
At our last Annual Meeting in 2020, your Board undertook to review our Investor
Communications strategy. This is an ongoing exercise but we trust you have appreciated our
new website and greater options for receipt of investor news. Management has seized
opportunities to celebrate achievements, such as Mars Rover having Rakon parts on board.
We have also sought to understand Rakon investor perception and we have engaged
external expertise to assist with the refresh of our reports and presentations.
To secure longer term credit facilities to support investment in inventory and equipment for
increased demand, future proofing of existing operations and expansion opportunities,
Rakon entered into a flexible five-year agreement with a new debt provider, Tanarra Credit
Partners, while retaining ASB as its trading banker.
The improved NPAT and cash flow have inevitably prompted discussion of a dividend for
shareholders. Your Board believes Rakon should continue to maintain a conservative
balance sheet and consolidate its improving financial position as we manage ongoing supply
chain and Covid-19 related uncertainties and risks.
The Board appreciates the loyalty of its shareholders who have continued their investment
and recently joined the Rakon register and assures shareholders that if the forecast results
for FY2022 are achieved, and there is no significant capital requirement on the horizon, we
will pay a dividend in respect of the 2022 year.
I note that in the current year, to maintain the growth trajectory we are on, we have several
projects that will require approximately $20 million of expenditure over and above our

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normal levels. These include our new India factory, XMEMS and NewSpace development.
Brent will go into more detail on these in his presentation.
The Board is aware some shareholders have promoted the concept of a share buyback and
Directors appreciate this is another tool that can be used to reward shareholders. Again, we
reiterate that for the time being Directors believe it is prudent to maintain a conservative
balance sheet and our current preference for rewarding shareholders would be by way of
dividend.
The Board was pleased to see the Rakon share price improve in the last quarter of FY2021 as
the market began to recognise Rakon’s steady improvement in performance, its ability to
quickly capture opportunity and its inherent potential.
Your Board and management have worked very hard to regain investor trust after our failed
foray in to China to compete in the smart phone GPS market. After five years of hard work,
we have now reached the position where we believe we have a long term sustainable base,
underpinning our future profitability. We look forward to investor confidence in Rakon
continuing to grow.
Later in the meeting, you will be invited to vote on two resolutions in relation to the Board.
The first relates to my re-election as a director of Rakon while the second relates to an
increase in the level of directors’ fees.
As you are aware, I have been on the Board of Rakon for 16 years and some people believe
that may be too long. My particular focus since I assumed the position of Chair three years
ago has been to see the company return to a positive performance trajectory. As
demonstrated in our FY2021 results, which again showed an improvement on the previous
year, and our forecast for FY2022, it does appear we are achieving that goal. I believe the
company is in a good position to sustain this positive performance. My focus now is on
ensuring a steady and careful transition of my tenure as a director and Chair and a
consequent review and refresh of the skills and experience required at the Board table to
guide the company through its next phase. It is not my expectation that this transition
process should take a full term of three years and I will formally announce my retirement
when the Board is satisfied we have completed our succession planning.
The other resolution proposing an increase in directors’ fees also aligns with the succession
planning of the Board. The Board believes fair and competitive fees are essential in
attracting and retaining directors who have the skills and experience necessary to govern
the company. It was timely after 15 years to determine whether Rakon directors’ fees were
consistent with those being offered by listed companies with a similar scope of
responsibilities and of a similar size and performance. As a result of that review we have
presented a proposal to increase Rakon directors’ fees at today’s meeting.
On behalf of the Board I would like to thank the Rakon Executive and employees here in
Auckland, in India, France and the UK and in our sales offices around the world for the

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excellent results achieved in FY2021 and expected in FY2022; your loyalty, commitment and
hard work for Rakon is appreciated. A special thank you to all our global teams for whom
the daily impact of the Covid-19 pandemic on their lives continues more directly than for
those of us based in New Zealand.
Also, thank you to our technology partners Siward whose representatives unfortunately
cannot be with us here today but who continue to work closely with the Rakon team. While
Siward have recently reduced their holding in Rakon, Siward remain a substantial
shareholder and have confirmed their commitment as a long term investor and technology
partner.
And, thank you, to you our shareholders, for your continued support. I assure you the Board
is very focused on acting in the best interest of the company and improving shareholder
value and return.
I now invite Brent Robinson to provide further commentary on the company’s performance
and a business update and later after a time for questions I will address the formal
resolutions of the meeting.

-ends-

www.rakon.com

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0
RakonLimited
12 August 2021
© Rakon Limited
Enabling the connected future
2021 annual meeting of shareholders

1
Agenda & Welcome
1
Welcome & introduction
Items of business
Chair’s address
Chief executive’s review
Shareholders’ questions
Annual report and business update
Ordinary resolutions
Re-elect Bruce Irvine as a director of Rakon
Approve increase in the total annual pool for directors’
fees
Authorise directors to fix remuneration of Rakon’sauditor
General business
Meeting close / afternoon tea
Brent Robinson
Chief executive
Bruce Irvine
Chair

2
Chair’saddress
Bruce Irvine

3
Notes:
1
All figures are presented in New Zealand dollars unless otherwise indicated
2
Refer to Note 5 of the FY2021 audited financial statements for an explanation of how ‘Non-GAAP Financial Information’ is used, including a definition of ‘Underlying EBITDA’ and reconciliation to NPAT
3
FY2022 is a provisional estimate
4.0
12.1
13.3
14.8
23.5
201720182019202020212022
Underlying EBITDA ($)
1,2
27 –32m
3
Chair’s address
Financial snapshot
Financial year

4
Health and safety of people was paramount through
Covid-19 outbreaks and lockdowns
Global operations sustained through restrictions
Significant impact from Covid to operations in first quarter but
new opportunitiescaptured in Q2 and H2
Increased demand from Telecommunications sector
Worldwide TCXO shortage
Shareholder value
Significant increase in share price
Scaled up capacity to meet increased demand
Significant long term orders secured
NZ production capability now 40% greater than FY2021
4

5
Markets
Three principal market segments–Telecommunications, Positioning,
Space & Defence
New segments emerging with cloud computing, autonomous
vehiclesand NewSpace
Customers
Preferred supplier to Tier 1 & 2 customers
Work alongside customers for design of next-generation technologies
Expertise
Industry-leading R&D
Proven commercialisation
Operations
Global, scalable operation
Extend existing products whilst developing new solutions
Future proofing low-cost manufacturing platform
Our growth strategy
How we will succeed

66
Health and safety of global team has been paramount
Covidoutbreaks and restrictions impacted all operations
Risk management and Board oversight
Managing ongoingsupply chain and Covid-19 uncertainties
Enhanced investor communications and engagement
Refreshed website and lifted company profile
Secured long term debt facility
Enabling investment in future proofing operations
andexpansionopportunities
Prudent financial management
Consolidate performance through FY2022 and maintain conservative
balance sheet
Succession planning for Board
Refreshed skills and smooth transition
Appreciation of committed resilient global team
Governance
Strong leadership

7
Chief executive’s review
Brent Robinson

Margo Thomas
General Manager,
Global People & Capability
Scott Stemper
Global Quality Manager
Maureen Shaddick
Company Secretary
Borja Thomas Schuhmacher
Head of Global
Product Management
8
Our key executives here today
Dr.Sinan Altug
Chief Operating Officer
Darren Robinson
Chief Marketing Officer
Anand Rambhai
Chief Financial Officer

9
9
FY2021 highlights & achievements
9
Strong financial performance
We delivered continued growth in
revenue and earnings through
sustained demand and solid
operating improvements
Opportunities captured
XMEMS® wins
Effective Covid response
A year on from officially launching
this proprietary technology, we’re
designed into strategic customers’
applications
We rapidly deployed new product
designs and increased capacity to meet
the rise in demand because of
worldwide chip shortages
The commitment and resilience of our
global team ensured we continued
operating with minimal downtime and
supply chain disruption

10
4.0
12.1
13.3
14.8
23.5
201720182019202020212022
Underlying EBITDA $M
1,2
FY2021 financial performance
Notes
1
Refer to Note 5 of the FY2021 audited consolidated financial statements for an explanation of how ‘Non-GAAP
FinancialInformation’ is used, including a definition of ‘Underlying EBITDA’ and reconciliation to net profit after tax
2
Excluding NZ IFRS 16
3
FY2022 is a provisional estimate
95
101
114
119
128
20172018201920202021
Revenue $M
10
8
(2)
9
20
20172018201920202021
Operating cash $M
Performance for the 12 monthsto March ($m)FY2021FY2020%change
Revenue128.3119.0+8%
Gross profit58.952.0+13%
Gross margin%45.9%43.7%
+2.2 percentage
points
Operating expenses49.048.1+2%
Net profit after tax9.64.0+142%
Underlying EBITDA
1
23.514.8+59%
Earnings(cents per share)4.21.8+133%
Net cash/ (net debt)
2
as at 31 March5.0(7.9)+164%
Capital expenditure for the 12 months5.14.6+10%
Strong earnings and cash flow
27 –32m
3

11
Business update
11

12
1
SAM: Serviceable Available Market
Hi-Rel
Our market positioning
We solve problems with challenging
specifications and high-performance requirements
Industrial
Consumer
FY2021
Rakon SAM
1
USD 650M
Price / Performance Level
Quantity / Volume
Rakonshare
Consumer
Industrial
Hi-Rel
FY2026
Rakon SAM USD 1150M

13
Telecommunications
Increased 5G demand driving revenue growth
Opportunities
captured
FY2021 $77M, up 18%
Telecommunications comprises
60%of total revenue
Product wins
Cloud computing emerging
Design-in wins for new products
enabling 5G millimetre wave
capability
Increased design wins for Pluto®
TCXOs
Operators deploying new networks
and enhancing existing infrastructure
Strong contribution from new
products (Mercury ™)
Precise timing requirements for many
applications driving strong growth
Major cloud computing customer
secured
Revenue growth
5G demand increasing

14
Why 5G?
5G is expanding the mobile ecosystem to new industries
Source: Courtesy of Qualcomm

15
Product applications in 4G networks
15
15
4G Telecommunications network
with Rakon frequency control and
timing products

16
Intensified product applications in 5G networks
16
5G Telecommunications network
requires significantly more Rakon
frequency control and timing products

17
Source: Compiled from industry sources
Radio Unit demand forecast
Rakonwell positioned to grow
Leading edge 5G technology to enable future requirements
Millions
CAGR
1
44.3%
Long-term partnerships with all leading suppliers of
telecommunications infrastructure equipment
Leading-edge technology
Mercury products have a market advantage
Several years ahead of competitors
Key patents giving long-term protection
Growth in all nodes of the network
Global footprint close to customers & low cost
manufacturing facility
1 CAGR: Compound annual growth rate

18
Space & Defence
Momentum building in NewSpace
Opportunities
captured
FY2021 $30M, up 7%
Space & Defence comprises
24% of total revenue
Mars Rover
Steady Defence performance
NewSpacesatellite customer
Defence segment is a key source of
innovation
Growth consolidated from previous
year
Rakon designed / manufactured
products on board NASA’s Mars
Perseverance Rover which landed on
Mars in February 2021
Initial deliveries made for a
majorNewSpaceLEO satellite
constellation
Revenue growth

1919
Satellite constellationNumber of satellites
12,000
1,000
3,000
1,400
Planned to launchApproved to launch
42,000
2,000
10,000
3,000
Source: Based on yearly industry projections
The NewSpaceopportunity
Major 10-year satellite launch programme
19

20
0
200
400
600
800
1000
1200
FY20FY21FY22FY23FY24FY25FY26FY27
Components FCP SAMAssemblies SAMSub-systems SAM
Tier 1:
Systems
Tier 2:
Subsystems
Tier 3: Assemblies
Tier 4: Components and parts
Tier 5: Hardware and materials
Volumes
Value
The supply chain
NZ $M
CAGR 32%
RakonServiceable Available Market
RakonNewSpacestrategy
3–5 year growth plan

21
Positioning
Mixed FY2021 performance but strong FY2022 outlook
Opportunities
captured
Revenue downbut better margin %
New orders captured
Autonomous vehicle market
momentum building
Agriculture and mining growth
Autonomous vehicle industry driving
need for higher performance and higher
reliability products
Significant orders captured due to
global TCXO shortages
–delivering in FY2022 and FY2023
Growth in higher-margin precision
industrial applications including growing
share of agricultural / mining segments
as automation becomes standard
FY2021 $14M, down $4.9M
Better gross margin percentage with
improved product mix
Positioning comprises 11% of total
revenue

22
Source: MarketsandMarketsreport
Autonomous tractor units forecast
Rakongrowth strategy
Autonomous agricultural and construction machinery
24.89% CAGR

23
Autonomous vehicles
The changing requirements for automotive positioning technology
Navigation
Accuracy: Consumer grade
YESTERDAY
Technology Enablers:
•GPS + mapping
Drive Assist & Driver Safety
Accuracy: High precision
TODAY
Relative Positioning w/
•Sensors, cameras, LIDAR
•Radar, advanced mapping
Autonomy
Accuracy: Survey, construction grade
TOMORROW
Technology Enablers:
•Absolute positioning
•Advanced vision
•Edge computing + AI + V2V
WHAT ROAD AM I ON?
WHAT LANE AM I IN?
WHERE IN THE LANE AM I?
2-5M
<1M
<0.1M

24
Autonomous vehicles
In-vehicle global synchronisation
Crystal products potential by
automotive application
Source: Industry estimates
1
Advanced driver assistance systems
USD Millions
Growing demand for high precision and high reliability
ADAS
1
-related CAGR12%

25
Managing supply chain risks
Industry supply chain challenges due to critical component
shortages
Focus on minimising customer disruption through:
Continuous supplier engagement and escalation
Diversifying supply base through alternative sources
Extending blanket orders to critical suppliers
Ordering extra raw material inventory and buffer stock
Forecasting for the longer-term
25
Stretched lead times, lower allocations, expedite fees, price
increases

26
Q1 update
Opportunities
captured
Strong start to FY2022
Telecommunications continued at
higher run rate from previous
quarter
Commencement of deliveries for
increased TCXO business
Cost pressures growing
New India plant project
India Delta impacts
Modern fit-for-purpose facility enabling
future expansion
Low-cost advantage will enable extension
of product lifecycle
Supports dual supply chain strategy
Two-acre site in Aerospace businesszone
General cost inflation
becoming evident,
particularly in New Zealand
India production lower in April but now
atnormal levels
Minimal impact on Q1 revenue

27
In summary
Strong FY2021 result
FY2022 result on track
27
Delivery mainly in FY2022 and
part FY2023. Positive signs of
some market share retention
Medium-term growth focus
R&D / new product
commercialisation
Solid financial management
Customer delivery focus
Risks being closely monitored and
managed
NPAT up 142% on prior year to $9.6M
One-off gains from worldwide
chip shortage
5G networks, data centres and
autonomous machines
5G / AI applications, autonomous
vehicles and LEO satellites (3 –5 years)
Product leadership
IP protection & know-how
Customer partnerships
ASICs & XMEMS®
Conservative balance sheet to
manage risks & capture
opportunities
Underlying EBITDA up 59% to
$23.5M
Strong order book ahead
27

28
Shareholders’ questions
28

29
Resolutions
29

30
Resolution 1: re-election of director
That Bruce Robertson Irvine, who retires by rotation
and is eligible for re-election, be elected as a director
of Rakon
Proxy votes lodgedFor%Against%Discretionary%
BruceIrvine89,747,796
83,295,78392.811,923,1212.144,528,8925.05
Ordinary resolution

31
Resolution 2: annual directors' fee increase
That the total annual pool for directors’ fees
beincreased by $100,000 from $360,000 to $460,000
with effect from 1 October 2021
Proxy votes lodgedFor%Against%Discretionary%
Directors' Fees:
60,810,19352,431,46686.224,228,8636.953,907,4906.42
Ordinary resolution

32
Resolution 3: fixing remuneration of auditor
That the directors are authorised to fix the remuneration of
Rakonauditor, PricewaterhouseCoopers, for the following year
Proxy votes lodgedFor%Against%Discretionary%
Auditor Fees:
89,747,79684,266,01994.05877,9590.984,454,2224.97
Ordinary resolution

33
General business and
shareholders' questions
3333

34
Meeting closure
34

35
This presentation contains not only a review of operations, but also some forward looking statements
about Rakon Limited and the environment in which the company operates. Because these statements are
forward looking, Rakon Limited's actual results could differ materially
Although management and directors may indicate and believe that the assumptions underlying the
forward looking statements are reasonable, any of the assumptions could prove inaccurate or incorrect
and, therefore, there can be no assurance that the results contemplated in the forward looking
statements will be realised
Media releases, management commentary and investor presentations are all available on the company's
website and contain additional information about matters which could cause Rakon Limited's
performance to differ from any forward looking statements in this presentation.Please read this
presentation in the wider context of material previously published by Rakon Limited
Disclaimer

Investor Centre:
https://www.rakon.com/
investors
Subscribe to our investor
news:
https://www.rakon.com/
investor/investor-info
Email us:
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Appendices

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ASIC: Application Specific Integrated Circuit
Cloud computing: Allows users to have on-demand availability of a remote computer
system’s resources for improved computing power or data storage (usually located quite far
from the user, such as in another country)
Crystal Oscillator (XO): A quartz crystal combined with oscillation circuitry to generate a
repeating electric signal
Crystal Resonator (Xtal): At the heart of XOs, VCXOs, TCXOs and OCXOs are quartz crystals,
which are designed to resonate with electrical stimulation using the piezoelectric effect
Data centres: Usually a building that is used to hold a computer system and other
components to backup data
Design-in: An opportunity that allows Rakon’sproduct to be used as the reference
component for certain customer reference designs (a technical blueprint of a system
intended to be used by customers)
Edge computing: Allows users to have on-demand availability of a remote computer
system’s resources for improved computing power or data storage (usually located close to
the user, such as within the same city)
5G: 5
th
generation of the telecommunications standard, providing 10 to 1000 times better
performance in many different applications
5G millimetre wave (mmWave) technology: The equipment that enables higher frequency
data transmission in 5G
Mercury™ / Mercury+™: Rakon’sproprietary integrated circuit used in OCXOs to achieve
clock variations to less than 1 billionth of a second, enabling precision timing in 5G
applications
NewSpace/ NewSpaceLEOs: Refers to the commercial space sector for mainly low earth
orbit (LEO) satellites
O-RAN: Mobile networks that are more intelligent, open, virtualised and fully
interoperable
Oscillator: A circuit or device that generates a fixed frequency signal and consists of a
resonator and electronic components
Oven Controlled Crystal Oscillator (OCXO): A crystal oscillator that uses a miniaturised
oven to keep its internal temperature constant
Pluto®: Rakon’sproprietary integrated circuit used in TCXOs to achieve clock variations
to less than 100 millionth of a second, enabling higher data rates in 5G applications
Surface Acoustic Wave (SAW) resonator: At the heart of SAW oscillators are SAW
resonators that use the piezoelectric effect to generate electrically stimulated acoustic
waves at a resonant frequency
System solutions: Refers to Rakon’ssolutions that include high performance products,
equipment and consulting services for Space & Defence
Temperature Compensated Crystal Oscillator (TCXO): A crystal oscillator with additional
circuitry to remove frequency variations due to temperature change
Tier-1 customers: recognised key players within their respective industries, that make
up a significant market share
Voltage Controlled Crystal Oscillator (VCXO): A crystal oscillator with an adjustable
output frequency
Voltage Controlled SAW Oscillator (VCSO): A SAW oscillator with an adjustable output
frequency
XMEMS®: Crystal Micro-Electro-Mechanical System. Rakon’sadvanced quartz-based
resonator technology. It is made with Rakon’sNanoQuartz™ microfabrication process,
delivering unprecedented resonator and oscillator performances
Glossary

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