Annual Meeting Presentation

Annual
Shareholders
Meeting
12 September 2024
LIVE

Recording
If you werenʼt able to attend the AGM a video recording
will be available at:
https://www.beingai.group/

Chair
Being AI Group
Sean Joyce

Todayʼs Agenda
Sean Joyce Chair
David McDonald Being AI CEO
Brett OʼRiley Manawaroa Education
Shareholder Resolution
Formalities

Financial Performance for FY2024
$40.41 million
Revenue generated
+23%
Operating EBITDA increase
Increase of $2.97 million
$1.69 million
Generated net loss after tax
$78 million
Total Assets
And $44.8 million equity, if not adjusted by acquisition accounting Which loss included the accounting treatment of the RTO

Major highlights

Major highlights
The major development for FY2024 was
obviously the completion of the RTO of the company
(previously Ascension Capital Limited).
Being Consultants Limited
Acquired Being Consultants Limited, which in turns owns
Being Labs Limited and Being Ventures Limited.

Major highlights
Send Global Limited
Acquired Send Global Limited, a logistics, courier, business
mail and filing company operating nationally from its headquarters
in Auckland.
AGE Limited
Acquired AGE Limited, which company operates AGE School,
located in Takapuna, Auckland.

Major highlights
New Directors
Appointed new directors David McDonald, Katherine Allsopp-Smith
and Joe Jensen to the Board.
Branding
The Company changed its name to Being Al Limited,
and its ticker code to BAI.

Post Balance Date

Post Balance Date
Acquired the education assets of Villa Education Trust
Including an online school, management rights for two Auckland schools,
and a third campus in the Far North.
Took a 50% stake in TymeStack.ai Pty Limited.
A cutting-edge AI algorithm that helps large retailers make more margin
from their discounting strategies.

Post Balance Date
Increased the depth of our expert teams.
Technology, marketing, consulting, hiring more AI specialists relevant to
our projects.
Conditional agreement for 50% of Spectrum Consulting.
Extending our IT Infrastructure & Services.

Post Balance Date
Applied for school licences.
The New Zealand Government Charter School initiative. We are
anticipating progress on this in the coming month.
Developing our open learning network ecosystem.
Forming agreements with various potential partners.

Post Balance Date
Customer Solutions engagements.
Several high-profile New Zealand enterprises,
in particular a significant engagement with a leading NZ corporate.
We are under NDA on most of their engagements but this week, an iconic
kiwi brand gave us permission to publicise our work.
Hereʼs our team in one of the workshops with TVNZ.

Post Balance Date
A multinational partnership with IntraEdge Inc.
Global leader in AI governance. The Truyo process eliminates significant
legal risk AI poses to large corporates - whether or not they have formally
embraced AI. Initial opportunities are focused on Australia.
Multinational partnership with Glean.
Global leader in helping you access your own corporate data. Like your own
companyʼs Chat GPT.

Share Purchase Plan
Today we announce the launch of our first capital raise.
We propose to raise up to NZ$5.6 million.
New Zealand resident BAI shareholders can subscribe,
up to $50,000 of new shares at $0.60 per share.
Funds will be allocated in three ways:
→acquisition of complementary businesses;
→investment in Being Technology initiatives; and
→the development of Charter School initiatives.

Solutions Dynamics Limited
We have recently approached Solution Dynamics Limited
(SDL) to indicate that we are considering making a takeover
offer to acquire a controlling interest in SDL.
SDL is a provider of global customer communications
management as a service. SDL enables organisations
to both better engage their customers digitally and optimize
the production and distribution of their international mail
closer to its end destination.

Solutions Dynamics Limited
We have indicated to SDL we would be prepared to
acquire SDL shares through either a 100% BAI scrip option
or an offer for a combination of cash and BAI scrip.
We believe the takeover offer is a compelling and unique
opportunity for SDL shareholders to realise significant
value for their investment in SDL, and an opportunity
to participate in the growth of Being AI.

Solutions Dynamics Limited
We believe that the acquisition of a controlling interest
in SDL would be advantageous for Being AI given:
→The synergies between SDL and our own
Send Global operations; and
→The opportunity to strategically implement new
technology initiatives to optimise the business operations
of SDL, and to future proof that business from being overtaken
by the incoming technology wave which risks rendering old
school business models like SDL obsolete in a few yearsʼ time.

Solutions Dynamics Limited
We will keep the market appraised of any developments
in respect of this process.

Any questions?

Being AI
CEO
David
McDonald

IT Infrastructure
& Services

Why are we involved
The backbone of the worldʼs digital ecosystem
will become the backbone of the worldʼs AI ecosystem.
AI will be enabled by reliable, robust, secure
infrastructure and services.
IT INFRASTRUCTURE & SERVICES

The opportunity
During a gold rush,
sell shovels.”
“
IT INFRASTRUCTURE & SERVICES

What weʼve done so far
We will continue to acquire and grow
our presence in the foundational technologies
of an AI-enabled world.
→We launched Being with our own Customer Solutions team.
→We have our conditional agreement to acquire
50% of Spectrum Consulting.
IT INFRASTRUCTURE & SERVICES

Logistics

The opportunity
LOGISTICS
The logistics industry
will thrive in the age of AI,
optimising the never-changing
need to get items from A to B.

What weʼve done so far
LOGISTICS
Send Global has contributed an exceptional result.
We will pursue organic growth by digitising
processes and leveraging data.
We have begun launching product extensions
and innovations.

What weʼve done so far
LOGISTICS
We have made our offer for a controlling interest
in Solution Dynamics.
We believe Solution Dynamics has strong
synergies with Send Global.

Being Technology

Being Technology
BEING TECHNOLOGY
Being Technology is our focus
on high-growth disruptive innovation.
Transformative technologies, offering
transformative returns.
Our motto here is ‘scale or fail fast.ʼ

Being Technology
BEING TECHNOLOGY
We will achieve our goals
by leveraging

our teamʼs tech startup experience;
our capital markets experience;
our investment portfolio; and
our global network of AI expertise.

Current Initiatives
BEING TECHNOLOGY
Project
Fingerprint
Project
Blueprint
TymestackProject
Treehouse
Edu-TechEdu-TechMRMGraph AI Price Optimization

Being Technology
BEING TECHNOLOGY
User interfaces
in an Agentic world.

Being Technology
BEING TECHNOLOGY
The current
vs near-future state

Being Technology
BEING TECHNOLOGY
The current
vs near-future state

Being Technology
BEING TECHNOLOGY
So, how far away
is all this?

Being Technology
BEING TECHNOLOGY

Being Technology
BEING TECHNOLOGY

Being Technology
BEING TECHNOLOGY
AI canʼt write code
as good as a human can ...
... yet.

Being Technology
BEING TECHNOLOGY
UI & UX are the lowest
hanging fruit.

Being Technology
BEING TECHNOLOGY
From company-provided interfaces
to AI–driven experiences.

Any questions?

Manawaroa
Education
Brett
OʼRiley

Being Education

Being Education
BEING EDUCATION
Charter SchoolsInternational Education
Vocational EducationWorkplace LearningHigh Performance Sport
Licence Schools
An open learning network.

Any questions?

Shareholdersʼ
Resolution

Shareholder Resolution
To authorise the Board to fix the
remuneration of the Companyʼs auditors
for the forthcoming year.
Your vote is on an ordinary resolution of the Company:
William Buck is automatically reappointed at the annual meeting as the auditor
of the Company under section 207T of the Companies Act.
Consequently the Board need Shareholder assent to fix the fees and
expenses of the auditor.

In closing