2022 Annual Meeting Chair Address and CEO presentation

CEO and Managing Director Presentation
Annual General Meeting, 30 September 2022
We're IKE, the Pole OS™Company
Glenn Milnes, CEO & Managing Director
glenn.milnes@ikegps.com
September 2022

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Introduction to today’s speaker
Glenn Milnes
Chief Executive Officer & Managing Director

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Important Notice
•Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or
recommendation of securities in ikeGPSGroup Limited (IKE);
•Should be read in conjunction with, and is subject to, IKE’s FY22 financial results (audited), recent market releases,
and information published on IKE’s website (www.ikegps.com);
•Includes forward-looking statements about IKE and the environment in which IKE operates, which are subject to
uncertainties and contingencies outsideof IKE’s control –IKE's actual 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 believedto 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.
Receipt of this Document and/or attendance at this presentation constitutes acceptance of the terms set out above in
this Important Notice.
Information in this Presentation:

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•FY22 performance highlights and1H FY23 forecast performance
•Market tailwinds
•Technology and solutions
•Team and talent acceleration
•Growth potential
•Q&A
.
Agenda and Contents

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•IKE’s revenue mix has continued to shift positively over the
past four years.
•46% CAGR of recurring subscription and reoccurring
transaction revenues over past three years (shown by the
Green and Blue segments in the chart).
•This is an important trend in terms of increased revenue
quality and predictability as IKE continues to execute on its
solution and Pole OS™strategy.
Takeaways:
Revenue in FY22 (to March) of ~$16m.
+71% pcp.
46% CAGR of recurring subscription and re-occurring transaction revenue.
Continued positive shift in revenue composition.

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•Recurring subscription and reoccurring transaction
revenues (shown by the Green and Blue segments in this
chart) dominate IKE’s revenue mix.
•Continued growthfollowing strong FY22
Takeaways:
Revenue in Q1 FY23 (to June) of $6.8m.
+162% vs pcp.
Within this, recurring Subscription and reoccurring Transaction revenue was ~$5.7.m (+167% vs pcp)

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•Q2 FY23 revenue to September forecast to be $8m+
•Signed contract backlog supports potential for strong Q3
FY23
•Balance sheet remains 'fortress'
•Functional efficiencies and Revenue per Employee metrics
trending to top quartile
Performance Update Takeaways:
Revenue 1H FY23 (six months toSeptember) is forecast at $14.7-$15.0m.
~+160% vs pcp.

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FY22 P&L
71% revenue growth.Focused investment into sales & product development.
Takeaways:
•2H FY22 revenue of ~$10.3m
(+108%vspcp)
•FY22 Subscription and Transaction
revenue of ~$12.m (+73% vs pcp)
•Comprehensive loss of$7.9mbased on
investment into growth to fuelFY23
onwards

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FY22 Balance Sheet: Strong, sustainable position
Cash and receivables of $29.5m ($24.5m cash & $5m receivables)
Takeaways:
•Maintaining a fortress balance sheet is a key
principle of IKE's operation.
•No debt.

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Market tailwinds

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Current Market Dynamics Lead to Strong Tailwinds for IKE
7+ year macro-market tailwind of fiber
deployment, much of it engineered on
distribution power poles
Small Cell Deployments across North
America, much of it engineered on
distribution power poles
Infrastructure development via
Engineering Service Providers
Requirement for harder and higher
capacity distribution power networks
across all of North America
>3,200
Electric Utilities in North America with long-term, recurring
distribution network hardening, joint use, and capacity needs for
electrical distribution
>$350B
Investment forecast in fiber in the US by 2025, representing >30M
attachments; communications infrastructure providers seeking
partners to manage new fiber attachments for every pole
800,000+
Small cell site expansions are expected by 2025 as
communications infrastructure providers look to speed up 5G
rollout while reducing cost and time of deployment
>1,000
Engineering Service Providers in the US subcontracted by
communicationsand utilities providers to assist in infrastructure
development and deployment

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Growing Network Investment across Electric Utilities;
Support Needed for Productivity Solutions such as IKE over the Coming Decades
7.27.27.27.27.27.27.27.27.27.27.27.2
3.63.63.63.63.63.63.63.63.63.63.63.6
3.63.63.63.63.63.63.63.63.63.63.63.6
44.9
46.4
49.3
52.2
59.4
65.2
71.0
78.3
82.6
87.0
89.9
95.7
$59.4
$60.9
$63.8
$66.7
$73.9
$79.7
$85.5
$92.8
$97.1
$101.4
$104.3
$110.1
201420152016201720182019202020212022202320242025
CanadianMuniCo-opsUS IOU
U.S. AND CANADIAN ELECTRIC DISTRIBUTION CAPITAL EXPENDITURES
ACTUALFORECASTED
CAGR: +5.3%
CAGR: +3.5%
$NZD in B

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Communications Market Macro
Addressing a large market opportunity
across the U.S. electric utilities segment
Every electric utility across the U.S. is facingcommon challenges.
Electric Utility Market macro tail winds
•Outages
•Aging infrastructure
•Potential catastrophic consequences
•Increased O&M costs
•Environmental clean-up costs
•Significant legal liability
•Regulatory and Engineering code
compliance
> 2,000 Engineering Service Providers
IKE improves the engineeringdesign and maintenance process of poles

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Leaning into the
Digital Divide
Why in 2021 would a professional copywriter
living in a rural US community need to park at
a Taco Bell to access broadband?
IKE is Meeting Market Demand

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Addressing a large market opportunity
across the U.S. Communications segment
IKE dramatically speeds up aspects of the
network deployment process.
Communications Market Macromarket tail winds
•>$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
•An additional >$60B expected investment into rural broadband development as part of the Biden administrations
new Infrastructure bill
•>200 Communications companiescompeting to build a networks and winunderlying customers
•>1,000 engineering serviceproviders supporting network development

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Technology and
solutions

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Innovation and Growth Timeline
$NZD
Fiscal Year Ending Mar-31
IKE Founded
Launched as a pure hardware company
by a New Zealand Engineer who had
experience surveying radio network
sites in Europe and Africa.
First customer was the US Department
of Defense
2000’s
Public Listing
HQ moved to Colorado, USA, which
serves as the center of gravity today;
IKE lists on the NZX raising $22.8M via
IPO.
Still very early stage and <$1M revenue
2014
IKE Software
IKE begins to develop electric utility-
specific software following requests
from utility customers in the US market
2013
Access to Standards
Groups within Utilities
IKE acquires the assets of PoleForman,
a structural analysis software platform,
from PowerLine Technology
2019
Standardized
IKE becomes the standard for pole
records and make-ready-engineering
projects for US companies
includingAT&T and others
2017
Growth
FY22 revenue of ~$16M, representing
71% YoY growth, driven by an increase
in subscription and transaction
revenue.
FY23 Q1 Revenue of $6.8M, tracking
towards
2022
Pole Engineering
Automation, Driven by AI
IKE acquires the assets of Visual Globe
to integrate automation capability via AI
and Machine Learning throughout its
platform, while creating the IKE Insight
product offering
2021
Source: IKE Annual Reports, IKE Q1 FY23 Performance Update

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Today, a Full Stack of Pole and OSP Products & Solutions
Standardized digitization and field data
collection methods, with dashboard reporting
Bulk data and image processing using
low-code artificial intelligence for
distributionutility assets
Pole loading analysis through
PoleForeman and Sagline
Technology & automation drivenservice providing
pre-packageddata to accelerate engineering
+

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IKE is executing a rolling 12-quarter plan against three strategic swim lanes, to create long term differentiation
Building the PoleOS™Company
Industry-leading application of field data
collection technologies specific to
distribution OSP projects
Market-leader in the application of field
data collection technologies specific to
OSP distribution assets
Market-leader in ability to process bulk
data from any source, specific to poles
Excellence in analysis and insights of pole
data to drive productivityoutcomes for
distribution OSP projects
Purpose-built cloud software to assess and
manage poles and projects efficiently
withadvanced analytics and integration with
ecosystem players
Standardization of OSP data forinternal as
well as authorized 3
rd
party use
To be the technology partner that customers
cannot imagine living without
Delivery of the best CX in the industry to
drive pricing power, retention, andupsell
opportunities
UX excellence and integrated work-flow &
flexibility to create an all-in-one, sticky
platform

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Standardized Field Data Collection with
Back Office CloudAnalysis and Project
Dashboards

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IKE Office ProIKE StructuralIKE InsightIKE Analyze
Standardized Field Data Collection
A service providing pre-packaged data to accelerate
engineering services
Data export to 100s of file types supporting Self Performance or
ESP-led Engineering Services
•IKE Reports
•PLA Reports
•MRA Improvements
•Pass/Fail Maps
•IKE Office Cloud Database
•IKE Photo Records
•Permitting
•Audit with GPS or Image
•Etc.
Simplify field data collection with the Android IKE Device
and send the data right into IKE Office Pro
With your data in the cloud your
options are limitless
The IKE Office solution enablescustomers to standardize
workflowsand create accurate, digitized polerecords fast
•Field data collection workflowplatform
•Back-office analysis software
•Real-time productivitydashboards
Delivering dramatic productivityimprovements: data quality,
speed,reduced re-work, and team safety

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Digitization of Assets and Digital Twins via IKE Office Pro Software
Full integration to automate
pole load analysis
Measure poles, spans,
equipment, and location
Export data through
various methods and
various workflows
IKE Office ProIKE StructuralIKE InsightIKE Analyze

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Pole loading analysis integration
Standardize engineering team workflows
across infrastructure owners
Drag and drop form builder to make custom
forms and standardize team workflows
Automation and Integration with Cloud Capabilities
IKE Office ProIKE StructuralIKE InsightIKE Analyze

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Dramatic Productivity Benefits for Customers
Real time, customized dashboards to
optimize project management
IKE Office ProIKE StructuralIKE InsightIKE Analyze
Detailed digitization of assets
via digital twins
Whole-of-network project viewStandardize the quality of field work

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PoleForemanis one of the four
standards for Pole LoadingAnalysis in
North America

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Integrates with existing client’s pre-built
databases, custom database requests, or
RUS (Rural Utilities Service) databases
Find out quickly whether your poles pass or fail and
easily export the results via the Pole Loading
Analysis summary screen
&
PASS
IKE Office ProIKE StructuralIKE InsightIKE Analyze
Embedded in five of the ten largest electric
utilities in the U.S.

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Capability....
Structural analysis
and 3D modelling
Measure clearances
Ensure structural
Integrity and NESC
compliance
Scaled 3D renderings
IKE Office ProIKE StructuralIKE InsightIKE Analyze

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IKE Office ProIKE StructuralIKE InsightIKE Analyze
PoleForemancan be
integrated into any
customernetworkdata
base
Deployed at the largest
IOU’s and Electric
Co-ops in the U.S.
Training is available by
IKE pole experts,
anywhere
NextGenPoleForeman
is being built with
requirements from a
major customer council

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Bulk data and image processing

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Industry Use Cases
Existing Data ImagesDronesThermal Imagery
Field DevicesLidarSatellite
•Utility pole audits
•Pole inspections
•Line degradation and
vulnerabilities
•New insights from
legacy audits
•Quality assurance
•Pole ownership
•Location validation
A.I. and Machine
Learning Platform
Data Collector App
Conditional App
Annotation App
Data Pairing App
Data Viewer App
NESC Violation Extraction
Measurement between 2 static objects
Measurement between dynamic objects
As-builts for future change detection
ROW Management
Pole Segmentation
IKE Insight allows access to pole imagery
from anywhere and for any reason
Field Data Collection Agnostic
IKE takes pole images and imports them into IKE Insight
A.I. and Machine Learning apps to conduct analysis
Use the analysis to get the
actionable insights
IKE Office ProIKE StructuralIKE InsightIKE Analyze
Bulk data and image processing using low-code
artificial intelligence for distribution utility assets

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Pole Engineering Analysis

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Height of Attachments (HOA)
engineering deliverable example
Pole Load Analysis (PLA) engineering
deliverable example
Make Ready Recommendations (MRR)
engineering deliverable example
For customers: Faster engineering, dramatic scale, profitability, and efficiency benefits
Example Deliverables:
IKE Office ProIKE StructuralIKE InsightIKE Analyze
Customers collect the distribution network data.IKE
performs the engineering analysis via software,
automation and experts.

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For Customers, IKE Analyze Improves Resource Optimization, Drives Scale,
Reduces Costsand Increases Profit
10k+
hours saved
for customers
30%
faster collection
in the field
80k+
make-ready
recommendations
3x
efficiency
improvements
180k+
poles
delivered
50%
reduction in
recollects
IKE Office ProIKE StructuralIKE InsightIKE Analyze
Source: Company Data, Customer Case Studies, Management Estimates

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Business model upshot
•A recurring Subscription to access IKE Solutions
•Additive, reoccurring Transaction Fees based on
usage
•Optional value-added products , such as IKE Analyze
and IKE University

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A Sticky Customer Base with Opportunities to Expand
•5 of the 10 largest Investor-Owned
Utilities (“IOUs”) in North America
•>350 customers in North America,
with >65 logos added in the past 12
months
Opportunities to:
•Materially grow, upsell and cross-
sell IKE products into existing
customer base
•Win new logos in the North
American market, with >6,000
entities participating in this space
Telecom
Electric Utilities
Engineering & Project Management

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Team depth.
Talent acceleration.

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Glenn Milnes
Chief Executive Officer
Joined IKE in 2013
Lydia Siloka
Head of People
Joined IKE in 2020
Stephen Fairbrother
Chief Financial Officer
Joined IKE in 2018
Jareth Rossking
Chief Information Officer and
Head of Engineering
Joined IKE in 2021
Malcolm Young
SVP Structural Analysis & Head
of IKE Structural
Joined IKE in 2019
Chris Ronan
Chief Marketing & Brand Officer
Joined IKE in 2020
Leon Toorenburg
Chief Technical Officer
Founded IKE in 2003
Chris DeJohn
SVP of Sales & Business
Development
Joined IKE in 2020
Jonathan Brigham
Director of Operations
Joined IKE in 2021
Leadership depth
A Direct Sales, Brand & Delivery Model Across North America

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IKE’s people come for the job and the reputation of working at the company.
They stay for the accelerated development of their careers. A few of the
company’s young, emerging superstars are showcased below.....
Liz Etzel
Product Manager: Knows virtually
every customer and is persnickety
about exemplary customer
experience.
Jessica Walker
IKE Analyze Manager: Delivers every
customer project on time and on
scope.Started at IKE as an analyst.
Blake Collins
Solutions Engineering Manager: From
the field to the office, Blake speaks and
geeks on the complexities of utility
pole dynamics.
Sara Deere
Systems Engineer: Current holder of
the world-record for running
customer fieldteams with the least
recollects.
Dan Allan
Design Director: Loves CX, and lives its
importance when delivery brand and
CX specific to poles.
Accelerating at IKE
Talent Accelerator Objective
Spencer Hankin
Senior GIS Manager:The brightest data
analyst in the Pole GIS universe,
andcustomers like Crown Castle know it.

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A Board with deep industry experience
Board of Directors
Rick Christie / (MSc (Hons) Chemistry)
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 Rangatira Ltd and had 20
years’ executive management experience in the
international oil & gas industry.
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.
Mark Ratcliffe
Independent Director
Mark was the founding CEO of Chorus New Zealand
from 2007 to 2017 where he led the deployment of New
Zealand’s national fiber network. Prior to Chorus Mark
was CIO and COO of Spark (formerly Telecom NZ). Prior
governance roles include Director of 2 Degrees from
2017 to 2020. The majority of his current portfolio is in
the Infrastructure Sector and he is currently the Chair
of First Gas, TuatahiFast Fibre, and a number of other
private and public sector boards
Alex Knowles
Chairman and 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
IkanosCommunications Inc. (acquired by
Qualcomm Atheros), and former Chief Executive
Officer and President of NASDAQ listed TekelecInc.
Eileen Healy / BS Electrical Engineering
Independent Director
Serial entrepreneur of two high-tech startups
addressing the U.S. communications market
including Healy & Co, thatprovides outsourced
engineering to the U.S. utility
market.Customers include AT&T Mobility, T-
Mobile, Vodafone, Verizon Wireless, Frontier
Communications, and FirstNet.

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Growth potential

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Multiple Avenues Supporting Future Growth Potential
Sales Team
Expansion
Inorganic
Growth
Cross Sell & Upsell into
Existing Customer Base
International
Expansion
$43mm
Revenue
“Today”
Revenue
“Future”
2
3
4
1
Sales Team
Expansion
1
Platform for
Inorganic Growth
3
Cross Sell &
Upsell
2
International
Expansion
4

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•Chart shows the approximate nine-month
correlation between the timing of signed contracts
and subsequent timing to recognized revenue.
•This timing lag reflects that subscription and
transaction contracts are delivered over time
(normally 12 months), based on usage rates of IKE
products by customers.
Takeaways:
Q1 FY23 Signed contracts of ~$8m (+31% vs pcp).

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q&a
IKE's Purpose is Manaakitanga,
'We Rise by Lifting Others'.

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45
Auditor appointment and remuneration: That the
directors are authorised to fix the auditor’s
remuneration.
Resolution 1

46
Re-election of Glenn Milnes: That Mr Glenn
Milnes be re-elected as a director of the
Company.
Resolution 2

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Non-executive Director Fee Pool: That:
•the maximum aggregate amount per annum payable by the Company to its
non-executive directors be increased by $230,000, from $320,000 to
$550,000, with effect from 1 October 2022; and
•remuneration payable to non-executive directors may, at the Board’s
discretion, in whole or in part, be paid through an issue of fully paid ordinary
shares in the Company, provided that any issue occurs in compliance with
NZX Listing Rule 4.7.
Resolution 3

Thanks
We're IKE, the Pole OS™Company

---

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


1

FOR IMMEDIATE RELEASE
30 September 2022

IKE Annual General Meeting Chair address

Kia ora and good morning.
On behalf of the Board, management, and staff of IKE, thank you for attending our 2022
annual meeting.
As you know, my name is Alex Knowles, Chair of IKE, and based in Los Angeles, USA. Through
the FY22 period I was pleased to move into the Chair role, having been a director of IKE since
its listing as a near pre-revenue hardware company in 2014.
I would first like to acknowledge Rick Christie for his considerable inputs and contribution to
IKE as our previous Chair. Thank you, Rick. We are very pleased that Rick has been able to
stay on the board as a director providing guidance and substance.
At this time, I would like to introduce my fellow board members, Fred Lax, Mark Ratcliffe,
Eileen Healy, Rick Christie and Glenn Milnes.
On to your company, our FY22 to March 2022 was a very strong period for IKE in terms of
financial performance, market development, and product development.
Entering FY23 our signed contract backlog was strong, our balance sheet was even stronger,
and our market in the North American electric utility and communications sector continues to
be improve in terms of demand for productivity solutions such as ours.
Importantly, the work that we have put into technology and recurring revenue business model
development is translating to higher visibility with higher quality revenue.
Despite current valuation headwinds in the public capital markets for technology companies
today, we are optimistic about our growth and value creation prospects for FY23 and beyond.
From a financial performance standpoint, we were pleased to hit all of our growth targets
through the period. To follow, Glenn, our CEO and Managing Director, will take you through
some charts and tables that overview our revenue, gross margin, signed contract backlog, and
EBITDA for FY22, as well as providing an update on how we are tracking year-to-date, with our
FY23 half year closing today.
In terms of customer and market commentary.
As you know, IKE targets North America’s ~3,000 electric utilities, and 3,000, communications
companies building fibre and 5g networks – a lot of which is being attached to distribution
poles, with more than 2,000 engineering service providers.
Once a customer, our objective is to become embedded and expand the use of our software
inside of these large enterprise and infrastructure accounts.
We have approximately ~350 accounts today, or ~5% of the total number of potential
customers in North America, pointing to the large, long term growth opportunity.

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


2
Importantly, our products are relevant to several unglamorous but large macro-market
tailwinds, including:
＋ More than US$350b is forecasted to be invested into fibre and 5G infrastructure over
the next five plus years by fibre and communications companies.
＋ An additional US$60b of investment into rural broadband network development as part
of the Biden administration’s $1 trillion Infrastructure bill is starting to be progressed.
＋ More than 3,000 electric utilities have highlighted the need to address the challenges
of network hardening, development and maintenance over the coming ten-plus years.
Further pressures on electric utilities include the regulatory requirement to allow
communications companies to attach their fibre and 5G networks onto their power
assets, and an aging workforce that is driving a need to introduce technology to
replace people.
＋ Our products are designed to deliver network engineering outcomes that are faster,
safer, that result in a higher quality or digitized data standard.
＋ Glenn will talk shortly about our initiatives to introduce automation technology across
the IKE platform
Some macro risks do continue to be present, in particular long tail impacts of COVID-19 on
global supply chains. For IKE, this continues to present challenges to be able to reliably source
components for our field tools in the face of increasing demand.
To conclude, our infrastructure-oriented customer base remains sticky and we believe the
next 10+ years will see increasing levels of investment into distribution network development
across North America, which is the engineering work where IKE delivers productivity
outcomes.
We seek to build decades-long relationship with these defensive customers. This is an
industry that does take patience and we are still early in terms of market penetration but are
excited about the potential to create value for our customers and shareholders in the years
ahead.
Thank you for your support and I look forward to discussing any questions following Glenn’s
presentation.

Thank you

ENDS

About ikeGPS
IKE - the Pole OS company, 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.

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


3
Contact:
Simon Hinsley, Investor Relations, +61-401-809-653, simon@nwrcommunications.com.au
Glenn Milnes, CEO, +1 720-418-1936, glenn.milnes@ikegps.com