2024 Annual Meeting Chair Address and CEO presentation

ikeGPS Group Limited
329 Interlocken Pkwy, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


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FOR IMMEDIATE RELEASE
27 September 2024

IKE Annual General Meeting Chair address

Dear Shareholders,

The 2024 financial year (FY24) marked another significant period for IKE, a year in which we
continued to grow our subscription footprint and made meaningful strides in developing,
launching, and selling new products to some of the largest utilities in the North American
market. We won fifty-nine new subscription customers in the U.S. market over the past year,
continuing a win rate of approximately one new customer per week. That said, the FY24
period also saw a year-on-year reduction in revenue from our lower margin transaction
revenue. A 61% reduction vs pcp was due to the FY23 period having outsized activity from
certain national communications customers. For context, this was up +191% on FY22 levels.
Our three-year transaction revenue CAGR, or growth rate, is 47% and based on guidance from
these long-term customers we expect transaction volumes and associated revenue to build
into FY25.

In terms of financial performance, we reported revenue of $21.1m, with approximately 89% of
this revenue coming from recurring subscriptions and reoccurring transaction sources. Gross
margin was $12.7m and a net loss of $15m. Our balance sheet remains strong, with a cash &
receivables position of $15.4m and no debt.

Momentum across the business is robust. Q4 FY24 and Q1 FY25 to date have been strong
periods at IKE with more significant subscription contracts closed with tier-1 North American
electric utility customers that will substantially grow our FY25 subscription revenue run rates.
At the time of writing this includes adding more than 3,900 additional subscribers to our new
IKE PoleForeman platform. Since its Q3 FY24 launch Total Contract Value (TCV) in closing
has exceeded $12m from mostly tier-1 electric utilities in the U.S. market. In total, ~47
customers have subscribed to the platform, of which 28 were existing customers and 19 are
new. We expect further major customers to close in the near term and that IKE PoleForeman
will ultimately be the standard for structural analysis in eight of the ten largest electric utilities
in the United States.

Examples of these subscription contracts include:
- An agreement with the second largest electric utility group in North America for a five-
year term that is expected to generate ~NZ$2.0m in total subscription revenue, or an
additive NZ$0.4m ARR.
- A large U.S. electric utility signed a ~NZ$0.5m three-year subscription contract for IKE
PoleForeman, representing a five-fold increase in annual recurring revenue from this
customer versus our legacy product.
- A ~NZ$0.8M three-year subscription contract from a major east coast U.S. electric
utility, which is a Fortune 500 company, to use IKE PoleForeman.

- A ~NZ$3.7m three-year subscription contract with a Fortune 150 Company and one of
the ten largest Investor-Owned-Utilities (IoU’s) in the U.S., upgrading them from IKE’s
legacy product to our new IKE PoleForeman structural analysis platform.

ikeGPS Group Limited
329 Interlocken Pkwy, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


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We expect to retain and grow these recurring revenue generating accounts for the long term.

From a team perspective, we were pleased to add several new North American industry
experts. People joining IKE in FY24 included Roz Buick as non-executive director, Brian
Musfeldt as Chief Financial Officer, Ani Adzhemyan as Chief Marketing Office, and Brett Willitt
as SVP Product. Each of their profiles are detailed further in this report. We would also like to
extend our thanks to Rick Christie, who resigned from our Board this year. Rick was IKE’s
Chair from its earliest stage and has been instrumental in all aspects of IKE’s growth over the
past decade or so.

FY25 Outlook

Subscription revenue is expected to grow strongly this year, at 40% or greater vs pcp to
~$15m per annum or greater. This outlook is based on the ongoing growth of our core IKE
Office Pro subscription product, which has seen >30% CAGR over the past three years and
with ~95% customer retention. It is also based on the success of the launch of our new IKE
PoleForeman product as detailed above, with more than NZ$12m of TCV closed since its Q3
launch and an additive subscriber base of >3,900 users.

Transaction revenue in FY25 is expected to grow, but with a wider range of potential growth
profiles and as such represents higher risk – both upside and downside. Transaction revenue
at IKE over the past three years has grown at a ~45% CAGR, although FY24 levels were down
against FY23 due to FY23 seeing outsized customer activity. Based on guidance from long-
term customers we expect transaction volumes and associated revenue to build into FY25.

Overall, we closed ~NZ$27m of contracts in FY24, against approximately NZ$21m of
recognized revenue. Our customer retention rate is excellent, at approximately 95% and our
sales pipeline for new business is strong and is growing. As a reminder of our business model,
IKE generates additive transaction revenue, on top of subscription revenue, from some
customers as they engineer more network assets in our system.

Our margin profile improved to ~60% in FY24, from ~53% in FY23, due to a continued shift in
the product mix toward higher margin subscription revenue. We expect this trend to continue
into FY25 with the growth in our subscription revenue outpacing other segments resulting in a
material improvement in margins again in FY25.
During 2H FY24, we also reduced our cost profile to maintain the time towards both EBITDA
and cash positive operations. As consistently stated, management and the Board remain
cognizant of the importance of maintaining a strong balance sheet position, executing against
immediate revenue growth opportunities, whilst retaining the ability to manage costs
appropriately.

FY25 is also an exciting period for IKE in terms of the introduction of new AI-based
automation capabilities into existing products and new products. IKE has invested
significantly into building automation that is specific to distribution network workflows, and
we look forward to putting this into our customers’ hands.

ikeGPS Group Limited
329 Interlocken Pkwy, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


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Macro-market tailwinds across North America remain supportive of the productivity products
that IKE delivers, driven by the forecasted US$300B investment by electric utilities into
building & maintaining distribution power network capacity and associated network
hardening. To meet carbon-zero targets in the U.S. by 2050, analysts forecast that
approximately 50% of the energy in the U.S. needs to be on the electrical grid, from a position
of just 20% today. Overall, analysts forecast that capex and opex spend across distribution
networks in the U.S. market will increase by +4% annually for the next decade. Further, the
multi-year investment being made into building overhead fiber and 5G networks is enormous.
IKE’s products drive productivity in support of these network engineering and capacity
activities.

We extend our thanks to you, our shareholders, for your support and belief in our vision. As we
continue to innovate and grow, we do so with the confidence that we are building something
valuable together.

Yours sincerely
Alex Knowles
IKE Chair

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.


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

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IKE Update for Annual General Meeting of
shareholders
We’re IKE, the Pole OS™ Company
Glenn Milnes, CEO
glenn.milnes@ikegps.com
September 2024
CONFIDENTIAL

ikeGPS
2
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 FY24 financial results (audited), 1H FY24 financial results
(unaudited) , 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 outside of 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 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.
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:

Q1 FY25 financial performance update
Growth overview

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•Significant growth in underlying
subscrip
tion revenue.
•Three-year subscription revenue CAGR of
41%.
•During FY25,
this is expected to increase
materially (by greater than 40% vs pcp).
Subscription revenue growth has continued to be consistently strong
with a three-year CAGR of 41% (Q1 shown below)
Takeaways:

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•Two-year CAGR of 35% in the exit
run rate of annual platform
subscription revenue.
•During the FY25 period this
metric is expected to continue to
grow materially (by approximately
40+% vs pcp) driven by continued
growth of IKE Office Pro
subscription sales and by the
successful sell-through of IKE’s
next-generation IKE
PoleForeman subscription
product, with TCV of ~NZ$12m
already closed.
Exit Run Rate (ERR) of annual platform subscription has grown to NZ$13m as
at 30 June 2024
Takeaways:

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•Subscription seat license
growth of 207% over the past
year.
•Seat-count growth has
accelerated at this fast pace
partially as a result of selling
customers onto a new per-seat
subscription model when
adopting the new IKE
PoleForman product (released
late 2024).
207% YoY increase in subscription seat licenses, evidencing the impact of
new product introductions
Takeaways:

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•Three-year transaction revenue
CAGR of 23%, but slightly lower
in Q1 FY25 vs pcp due to the
prior period seeing strong
activity, but noting that gross
margin increased vs pcp.
•Based on guidance from long-
term customers IKE expects
transaction volumes and
associated revenue to build into
FY25.
Three-year transaction revenue CAGR of 23%, and improved margin profile
Takeaways:

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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, at
8
7% for FY25 YTD.
•A
n expectation for healthy
growth in the FY25 period,
including ~40% growth in
subscription revenue.
Three-year total revenue CAGR of 31%, and gross margin of 70% Q1 FY25
Takeaways:

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•Exit Run Rate of annual platform subscription revenue
grew to ~NZ$12.9m ( +40% vs pcp)
•Total recognized revenue in the quarter of ~NZ$5.8m
(+4% vs pcp).
•Gross margin of ~NZ$4.0m (+18% vs pcp), with a gross
margin percentage of ~70% (up from pcp of ~61%)
•Recognized subscription revenue of ~NZ$3.2m (+29%
vs pcp).
•Recognized transaction revenue of ~NZ$1.8m (-16% vs
pcp but noting transaction margin increased ~NZ$0.2m
vs pcp).
•Total cash and receivables as at 30 June 2024 of
~NZ$14.0m, comprised of ~NZ$10.0m cash an
d
~NZ$4.0m receivables, with payables of NZ$1.1m and
no debt. This cash position is flat against the cash
position at 31 March 2024 and up from 31 December
2023 (NZ$8.0m).
Key metrics table
Takeaways:
Q1 FY25Q1 FY24% Cha nge
Total Revenue
$5.8m$5.6m+4%
Tota l # of Cus tom ers420 394 +7%
Platform Subscriptions
Tota l # of Subs cription Cus tom ers400 370 +8%
Tota l Num ber of Sea t Licens es5,847 1,905 "+2 0 7 %
Pla tform Subs cription Revenue$3.2m$2.5m+29%
Gros s Ma rgin$2.8m$2.1m+34%
Gros s Ma rgin %88%85%
Platform Transactions
# of Billa ble Tra ns a ctions72k77k-7%
Pla tform Tra ns a ction Revenue$1.8m$2.1m-16%
Gros s Ma rgin$0.7m$0.5m+50%
Gros s Ma rgin %41%24%
Hardware & Other
Ha rdwa re & Services Revenue$0.8m$1.0m-21%
Gros s Ma rgin$0.5m$0.8m-41%
Gros s Ma rgin %59%82%
Cust omer Recon
Q1 FY25Q1 FY24
Total # of Enterprise Customers420 394 +7%
Less: Non-Subscription Customers(20)(24)-17%
Total # of Subscription Customers400 370 +8%
Customer Number Reconciliation:
Since 31 December 2023, IKE has changed its reporting of customer
numbers from ‘All Enterprise Customers’ to ‘Subscription
Customers’, reflecting only customers with recurring subscription
revenue. The reconciliation between these two metrics will be
reported for the next 4 periods to 31 December 2024. Reconciliation
is as follows:

IKE’s differentiation.
And the large, long term North American market opportunity
being addressed
Customer and Market overview

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IKE has Software Products to Engineer a Distribution Network through its Lifecycle
Digitizing network
Assessment
AI and automation for
whole-of-network
distribution Planning
Pole loading analysis and
structural Design,
Maintenance & Grid Resilience
Technology & automation capability to
accelerate customers engineering processes
+
Business model upshot
•A recurring Subscription to
access any IKE Solution
•Additive, reoccurring revenue
based on usage (license seats
or transactions)
•Optional value-added
products , such as IKE Analyze
(driving further transaction
revenue) and training &
education service via IKE
University
<Planning> <Assessment & Digitization> <Design> <Maintenance & Resilience>

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Communications Market Macro
More than 3,000 electric utilities and 200M distribution assets across the U.S.
Investing in decades-long grid resiliency and grid capacity programs
Facing common challenges
•Grid resiliency requirements
•Grid capacity requirements
•Significant legal liability risk
•Regulatory and Engineering code compliance
•An ageing workforce, requiring tech vs people
IKE products dramatically improve the planning, design & maintenance process

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25+ year Macro-Market Tail Wind for Grid Resiliency & Expansion ($B’s)
An Electric Utility Industry, Spending 100’s of Billions, in Need for Productivity Solutions, such as IKE
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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Where IKE sells: U.S. Market-Map of Investor-Owned Utilities (multi-$B companies)
A huge expansion opportunity......

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Plus >2,800 Municipalities and Co-Operatives
All of which represent sales opportunities for IKE products
Takeaways
•Market timing is everything
•IKE is in the right place, at the right
time, and with the right technology,
team and execution capability
•Today, IKE has a presence in
approximately 6% of addressable
customers, but is estimated to be
only 20% penetrated. So an
opportunity to:
•Develop an additional 80%
revenue per annum from the
existing customer footprint as
‘White Space’ via cross-sell and
up-sell, plus to
•Sell to the other 94% of the
market via ‘Green Field’ new logo
opportunities

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Standardizing on IKE: Eight of the 10 largest Investor-Owned Utilities in the U.S.
IKE Lands-then-Expands
Takeaways
•8 of the 10 largest Investor-Owned
Utilities (“IOUs”) in North America, all
multi-billion dollar businesses
•>400 customers in North Americ
a,
with 59 new logos added in FY24 or
approx. 1 per week in FY24 YTD
•>5,000 enterprise target accounts
to pursue overall
Opportunities to:
•Grow, upsell and cross-sell IK
E
products into existing customer
base
•Win new logos in the North
American market
•Expand into international markets
Communications
Electric Utilities
Engineering & Project Management

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IKE solutions make fiber and 5G network deployments faster
IKE dramatically speeds up the network deployment process.
•>$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
•>2,000 engineering serviceproviders supporting network development

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Fiber and 5G Investment Super-Cycle in North America Still In Its Early Stages
PROJECTED INVESTMENTS INTO 5G & FIBER OPTIC INFRASTRUCTURE
$39B
20102018
$43B
$72B
2025
45% Growth in Avg. Capex p.a.
$NZD
Source: Bell Potter Initiation of Coverage Report, GSMA, American Tower
Note: Labeled Capex Figures reflect Houlihan Lokey Estimates

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Standardizing on IKE: The largest U.S. Communication groups
And a growing footprint of tier-2 fiber businesses
Takeaways
•Several of the largest comms group
in North America: AT&T ($107B),
Crown Castle ($39B), Bell Canada
($47B)
•A growing footprint of the tier-
2
fiber companies
Opportunities to:
•Grow, upsell and cross-sell IK
E
products into existing customer
base
•Win new logos in the North
American market
•Expand into international market
s
over time
Communications
Electric Utilities
Engineering & Project Management

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$5.4B
TAM
$550M Fiber / 5G
Market Opportunity
0.6M
Poles Needing
Small Cell
Deployments
Overall.. a Large Addressable Market Opportunity That is Expected to Grow
(1)Assumed 80% discount rate on range of fibre deployments
(2)Other services include design planning, grid hardening/resiliency programs, NESC violations, joint use attachment audit, billing audits , etc.
Source: Management Estimates, Bell Potter Initiation of Coverage Report, Houlihan Lokey Estimates
Note: Market analysis does not include opportunity that will arise from growth of pole infrastructure
$NZD
5G Small Cell
Antenna
Fibre Connections
5G and Fibre
4.2M
1
Poles
Requiring Fiber
Connections
$113 Cost of
Service
$4.8B Electric Utilities
Opportunity
40M Poles
Needed for
Audit per
annum
Estimated
$50 Cost of
Audit per
Pole
Estimated
$113 Cost of
New Build
per Pole
>200M Total No. of
Electrical Poles
25M Poles
Used for
Other
Services
2
Utilities
$NZD

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50%+
Of US energy consumption will be comprised of
electricity on the distribution grid by 2050 to attain
carbon net zero targets, and power the new EV market,
compared to current levels of just 20%, this equals an
engineering requirements to build capacity on the
network.
Market Tailwinds Over the Coming Three Decades
Source: Bell Potter Initiation of Coverage Report, GSMA, American Tower, Accenture, Grandview Research, Global Newswire, Ryse Energy, World Economic Forum
Small Cell Deployments across North
America, much of it engineered on
distribution power poles
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
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
7+ year macro-market tailwind of fiber
deployment, much of it engineered on
distribution power poles
>$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
Infrastructure development via
Engineering Service Providers
>1,000
Engineering Service Providers in the US subcontracted by
telecom and utilities providers to assist in infrastructure
development and deployment
Massive engineering requirements for an
evolving distribution network supporting
an increase in global consumption of
electricity

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A Map-View of IKE s/w usage, and how customers deploy our software
Crown Castle in Florida

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A map-view of IKE s/w usage, and how customers deploy our software
AT&T in 7 example States

Update and Outlook

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IKE PoleForeman growth: The Standard for Distribution Network Design in U.S.
New SaaS Product to Market https://ikegps.com/ike-poleforeman/
•Next-generation product built and launched late 2024
with a customer council comprised of the Standards
Directors from many of the Nort America’s largest
electric utilities and communications companies.
•Total Contract Value (TCV) closed over the past ~3
quarters has now exceeded NZ$15m, translated to
several thousands of new seat licenses, each
representing a distribution-network design engineer
utilizing the product.
•The extremely sticky nature of these customers means
that the life-time value of these contracts is
significant.
•An expectation for more major customers to close in
the near term and that IKE PoleForeman overall
winning eight of the ten largest electric utilities in
North America.
•Noting extremely high recent acquisition pricing for
comparable assets.
Takeaways:

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AI based products introduced this quarter to automate distribution processes
Built to drive dramatic productivity improvements into specific distribution-network engineering workflows

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Take the legwork out
of NJUNS ticketing
Intelligent automation helps save time and avoid errors in
ticket creation and delivery.
JOINT-USE TICKETAUTOMATION

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Managing NJUNS tickets is time consuming and error prone
Manually creating, updating, and closing out tickets is an operational burden. For many
organizations, this leads to a growing backlog of unprocessed tickets, putting you at risk with
contractual or regulatory obligations and creating liabilities stemming from unsent tickets.
IKE's intelligent automation helps you tackle backlogs and keep joint-use programs on track.
IKE SPEEDS UP THE TICKETING PROCESS

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Fast, accurate ticket creation and delivery
Structure and normalize data
We apply our natural language and pole-specific AI capabilities to existing
data sets and automatically populate NJUNS ticket fields.
Eliminate manual data entry
Replace manual inputs and human error with intelligent automation,
reducing costs and time to completion.
Tackle common ticketing bottlenecks
IKE’s automated process helps alleviate ticketing backlogs, such as violation
reports from safety audits or requests for fiber broadband build-outs.
Improve collaboration between pole owners and attachers
We help enable efficient communication and work coordination on all types of
joint-use programs, including maintenance, relocation, new construction,
safety, and compliance projects.

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Keep your projects on track with intelligent automation
Make-ready construction
Prep poles for new attachments while
maintaining safety and compliance with
standards.
Pole transfers
Transfer attachments from an existing
pole to a newly installed one.
Violation reporting
Address common issues that arise during
inspections and audits, such as NESC
infractions and double wood.

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Manage double wood
networks and improve
safety
Get a network-level view with minimal in-field time
DOUBLE WOOD DETECTIVE

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It starts with accurate double wood records
Double wood (also known as buddy pole or two pole) is a prevalent issue for many utilities. Lagging pole
transfers, backlogs, and communication or notification gaps between pole owners and attachers are
some of the common reasons they arise. When unaddressed, they create a safety hazard and a
liability, not to mention an eyesore for the public and a nuisance for property owners. Field inspections
are the most common way to identify double wood instances, but they are time intensive and costly.
IKE’s AI-powered analytics solution helps you update your records without mobilizing crews.
IKE SPEEDS UP THE TICKETING PROCESS

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Pinpoint instances of double wood with minimal in-field time
Improve safety and reduce liability
Leverage our insights to address an important public and worker safety
concern and insurance risk.
Search at scale
Our pole-specific AI capabilities locate double wood instances at a
network-level using street-level imagery.
Ensure accurate records
We deliver accurate double wood records, including finding undetected
instances and updating pole removal status.

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IKE Training &
Education
We specialize in the electrical codes governing electric and
communication utilities in the United States. Providing
National Electrical Safety Code® (NESC®) and OSHA
Communication Worker training.

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Train Together
Train entire departments
simultaneously, fostering a unified
understanding of safety protocols.
Practical
Acquire practical knowledge that
you can immediately apply to your
day-to-day work.
Tailored for You
Customized presentations designed
to meet your organization's specific
needs.
Transform the National Electrical Safety Code (NESC®) into practical
knowledge
Why choose IKE training?
Flexible
Choose from a 90-minute overview
to in-depth 2-day classes, available
onsite at your facility or virtually.
NESC for Day-to-Day Utility Work
Learn More >
NESC Rules for Joint Use Construction
Learn More >
OSHA 1910.268
for Communication Line Workers
Learn More >
Customized NESC® and OSHA
Training Classes
Learn More >
Our Course Offerings
Save Time and Money
Reduce travel time and out-of-
office expenses with our convenient
training options.
•Our NESC courses demystify the complex Code, making it accessible
and applicable for utility and communications workers.
•Engaging training filled with practical examples, photos, and
illustrations to visualize the Code.

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Our training programs are led by Grant Glaus, an
electrical engineer with 25years of experience in
Electric Utility Engineering, NESC, and OSHA training.
Grant’s extensive background includes:
•Serving on the NESC Subcommittee 5 for Overhead Lines –
Strengths andLoadings.
•15 years of supervisory and management experience at Columbia
Rural ElectricAssociation.
•A decade of consulting and NESC training services with Marne
and AssociatesInc.
IKE’s NESC and OSHA Experts
Grant Glaus, P.E.
NESC & OSHA Training Instructor

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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.
Selling and Delivering Directly from Colorado, USA HQ
Meet some of the IKE people representing the next generation of our industry
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 strengthened team of North American industry experts
K
ey non-executive director and senior leaders recently appointed
Roz Buick
Non-executive Director
Roz brings more than 25 years’ experience from executive leadership positions across global utility, engineering,
construction, real estate and agriculture markets with companies including Oracle Inc. and Trimble Inc. Roz is an
industry leader who has led businesses through new growth strategies that are market differentiating and innovative,
both with product and
go to market strategies
Ani Adzhemyan
Chief Marketing Officer
Ani brings 19 years of experience in marketing, focusing on the industrial and energy sectors. Prior to IKE, Ani held a
r
ange of marketing roles with technology leaders like IBM, GE, ABB, and Hitachi Energy.
Brett Willitt
S
VP Product
Brett has over 25 years in grid asset management. Before IKE, he served as a Senior Director at Bentley Systems Inc.,
following its acquisition of SPIDA Software in 2021, where he was President. Brett's utility industry experience
includes roles such as Product Engineering Manager at Osmose U
ti lities Services, Inc., and Joint Use Program
Manager at FirstEnergy Corp.
Brian Musfeldt
CFO
Brian brings over 25 years of experiences relevant to IKE’s industry and growth trajectory. Most recently he was CFO of
Also Energy Inc. Prior to this,
Brian has held CFO roles with companies including Zayo Bandwidth Inc, MST Global Inc,
a
nd Intermap Technologies Inc. Brian began his career as a Certified Public Accountant with six years at KPMG / Arthur
Anderson as an audit manager focused on the high-tech & manufacturing sectors.

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39
Multiple Avenues Supporting Future Growth Potential
Sales Team
Expansion / New
Customers
Inorganic
Growth
Cross Sell & Upsell into
Existing Customer Base
International
Expansion
$43mm
Revenue
“Today”
Revenue
“Future”
2
3
4
1
Sales Team
Expansion /
New Logos
1
Platform for
Inorganic Growth
3
Cross Sell &
Upsell
2
International
Expansion
4

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Thanks
We’re IKE, The PoleOS™ Company
IKE seeks to bethe Standard for collecting, analyzing and managing pole
and outside plant (“OSP”) information for electric utilities,
communications companies, and their engineering service providers
The IKE platform allows customers to increase speed, improve quality,
and deliver safety in the assessment, construction, and maintenance of
distribution poles and other OSP assets
IKE’s purpose is Manaakitanga, which means”to rise by lifting others”

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Thanks
Manaakitanga: We Rise By Lifting Others

Intro from Roz Buick, IKE non-executive director

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Introduction from Roz

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Meeting Resolutions
The shareholders of the Company are requested to consider and, if thought fit,
to pass the following ordinary resolutions:
- Auditors Remuneration: That the directors are authorised to fix the auditor’s
remuneration.
- Election of Roz Buick: That Roz Buick, who was appointed to the board in
November 2023 retires and is eligible for election, is elected as a director of
ikeGPS Group Limited.
- Re-election of Fred Lax: That Fred Lax, who retires by rotation and is eligible
for re-election, is re-elected as a director of ikeGPS Group Limited.
- Re-election of Mark Ratcliffe: That Mark Ratcliffe, who retires by rotation and
is eligible for re-election, is re-elected as a director of ikeGPS Group Limited.