IKE 1H FY25 Performance Update

For immediate release, 24 October 2024

IKE DELIVERS STRONG 1H FY25
Solid subscription revenue growth with an exit run rate of ~NZ$13.2m annualised (+34% vs pcp).
Record ~NZ$33m in contracts won in the period, across ~415 deals.

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to release an update for the six-months
to 30 September 2024 (1H FY25). All figures are in NZD. IKE will host a webinar today, 24 October
2024, at 9:30am AEDT/11:30am NZDT to discuss its performance and outlook. To register, please
click:

https://us02web.zoom.us/webinar/register/WN_R4mMjX3qRKi3XLOcDtpCjA

1H FY25 performance highlights:
+ Exit run rate of annual platform subscription revenue grew to ~NZ$13.2m (+34% vs pcp).
+ Total recognized revenue in the six-month period of ~NZ$12.2m (+16% vs pcp).
+ Recognized subscription revenue of ~NZ$6.5m (+28% vs pcp).
+ Recognized transaction revenue of ~NZ$4.0m (+6% vs pcp).
+ Gross margin of ~NZ$8.1m (+31% vs pcp), with a gross margin percentage of ~67% (up from
pcp of ~59%).
+ Reduction of cash operating expenses by ~NZ$0.6M (-4% vs pcp).
+ Total cash and receivables as of 30 September 2024 of ~NZ$11.1m, comprised of ~NZ$6.8m
cash and ~NZ$4.3m receivables, with payables of NZ$1.0m and no debt.

Commenting on the first half, IKE CEO Glenn Milnes said: "Q2 FY25 represented another strong period
with significant subscription contracts closed with tier-1 North American customers that continue to
grow our ARR run rates.
In addition, we closed a record ~NZ$33m of total contracts in the six-month period across ~415
deals, noting that some subscription and transaction contracts will be recognized over a multi-year
period and that execution of some of these transaction contracts rely on underlying IKE customers
completing their associated engineering.
Our customer retention rates remain excellent at ~95% and our sales pipeline for new business is
strong and growing.
With respect to core subscription revenue and ARR, since the late 2024 launch of the new IKE
PoleForeman product, Total Contract Value (TCV) has exceeded $12.5m from mostly tier-1 electric
utilities in the U.S. market. Due to the extremely sticky nature of these customers, the life-time value
of these contracts is significant. In total, ~84 customers have now subscribed to this new platform,
of which ~50 were existing customers and ~34 are new customers. This has translated to several
thousand new seat licenses, each representing a distribution network design engineer utilizing the
software. We expect more 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 North
America.

2
Total subscription revenue in FY25 is expected to grow strongly at ~40% or greater vs pcp. This
outlook was revised down from 50% from the start of the financial year based on the likely timing to
close some major pipeline contracts with various tier-1 investor-owned utilities, given that the
associated subscription revenue is recognized over the subsequent 12-month period from close. Our
guidance for ~40% growth or greater in FY25 Subscription revenue is somewhat dependent on the
timing of customer conversions onto the new IKE PoleForeman product. A delay in the up-sale close
processes, with various existing customers, could lead to slightly lower revenue recognition in FY25,
but we remain very confident that this revenue would be recognized in subsequent periods. This is
because we have customer contracts in place and given the conversion of older version PoleForeman
customers has been strong year-to -date due to the enhanced next-gen product on offer and its
productivity features.
Transaction revenue in FY25 is expected to continue to grow against the prior year based on contracts
in place, but with a wider range of potential profiles and, as such, represents higher risk – both upside
and downside. IKE generates additive transaction revenue, on top of base subscription revenue, from
some customers as they engineer more network assets in our system.
Our margin profile was also stronger in 1H FY25 vs pcp at ~67% (up from 59% in the pcp). This
improvement is due to a shift in the product mix toward higher-margin subscription revenue. We
expect this trend to continue.
We believe macro-market tailwinds across North America remain highly supportive of IKE’s business
and will continue to grow over the coming decades. Our North American-headquartered team is
executing on sizable sales opportunities. Based on closed, long-term contracts with some of the
largest utilities in this market, an expanding pipeline, and noting that today IKE has less than ~6%
market share, we expect healthy growth in the 2H FY25 period and beyond.

Performance summary

Performance across the business is set out in the following charts and table:


Takeaways (NZ$000)
Significant growth in
underlying subscription
revenue.
Three-year subscription
revenue CAGR of +38%.
During FY25, this is
expected to increase
materially by ~40% or
greater vs pcp.

3

Takeaways
+34% YoY growth in the exit
run rate (ERR) of annual
platform subscription
revenue.
As stated, during the FY25
period this metric is
expected to continue to
grow materially (by ~40% or
greater vs pcp) driven by
continued growth of IKE
Office Pro subscription
sales and successful sell-
through of IKE’s next-
generation IKE
PoleForeman subscription
product, with TCV of
~NZ$12.5m already closed.



Takeaways
Subscription seat license
growth of +179% over the
past year.
Seat count growth has
accelerated at a fast pace
due to customer additions
and upsells, as well as
selling customers onto a
new per-seat subscription
model when adopting the
new IKE PoleForman
product (released late FY
2024).



Takeaways
Three-year transaction
revenue CAGR of +20%,
noting that gross margin
increased +107% vs pcp.
Based on contracts signed
in Q2, IKE expects
transaction volumes and
associated revenue to
continue to build into 2H
FY25.

4

Takeaways (NZ$000)
Three-year total revenue
CAGR of +29%.
Recurring subscription and
reoccurring transaction
revenues (shown in the
green and blue segments in
this chart) dominate IKE’s
revenue mix, at 86% for YTD
FY25.
An expectation for healthy
revenue growth in the FY25
period, including ~40% or
greater growth in
subscription ARR.




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 until 31 December 2024.
Reconciliation is as follows:



1H FY251H FY24% Change
Total Revenue$12.2m$10.5m+16%
Platform Subscriptions
Total # of Subscription Customers413 368 +12%
Total Number of Seat Licenses5,990 2,144 +179%
Platform Subscription Revenue$6.5m$5.1m+28%
Gross Margin$5.7m$4.5m+27%
Gross Margin %87%87%
Platform Transactions
# of Billable Transactions160k142k+13%
Platform Transaction Revenue$4.0m$3.7m+6%
Gross Margin$1.5m$0.7m+107%
Gross Margin %37%19%
Hardware & Other
Hardware & Services Revenue$1.7m$1.7m0%
Gross Margin$1.0m$1.0m0%
Gross Margin %58%60%

5
Additional commentary:
New AI-based products launched to market in Q2. Unique whole-of-network intelligence for the North
American industry.
Q2 FY25 was an exciting period for IKE in terms of innovation with the launch of new AI-based
products. This has followed significant investment into building automation capability specific to
productivity outcomes for the assessment & design of distribution networks and associated
engineering workflows.
The solutions launched in Q2 were:
- Double-Wood Detective, see https://ikegps.com/ike-insight/double-wood-detective/
.
o Double-Wood (also known as a buddy-pole, ghost-pole, or two-pole) is a prevalent
issue for all electric utilities, with up to 10M of these assets estimated to be across
the U.S. power network. Double-Wood can result in lagging pole transfers, backlogs,
and communication gaps between pole owners and ‘attachers’. When unaddressed,
these assets create a safety hazard and can be the most vulnerable point in a
distribution power network. Regulators are increasing their focus on this risk as well.
Because of the size and age of any distribution network, many utilities do not have a
strong grasp of these assets and their exposure.
o Double Wood Detective from IKE helps utilities identify and validate double-wood
instances at whole-of -network scale, using bulk imagery & AI. This dramatically
increases network intelligence and reduces cost and time resource-intensive field
inspection requirements.
- Joint-Use Ticket Automation, see
https://ikegps.com/ike-insight/joint-use-ticket-
automation/
o Joint-Use Ticketing represents an industry-wide requirement across North America
for network owners to communicate with one-another wherever a distribution pole
is shared, say between a power company and a fiber company, for billing, engineering
and maintenance. There are more than 200M poles in the U.S. market alone, most
of them shared, so joint-use ticketing is currently a significant cost, risk, and
administrative burden for all network operators. Backlogs put these companies at
risk with contractual or regulatory obligations, creating liability exposure.
o The Joint-Use Ticketing Automation solution from IKE helps utilities,
communications companies, and engineering firms dramatically streamline this
process. Using AI & machine learning, this product seamlessly creates, populates,
and updates NJUNS tickets using existing bulk data, dramatically reducing costs and
time, and materially increasing process accuracy.
Several other new AI solutions will be launched to market from 2H FY25. Capabilities will include
automation tools inside of IKE’s Office Pro product. This will initially drive productivity for IKE’s
internal Analyze team but ultimately will be an up-sell opportunity into IKE’s widely established
customer footprint of IKE Office Pro users, further increasing ARPU.

Balance sheet & working capital strength:
As of 30 September 2024, total cash and receivables are ~NZ$11.1m, comprised of ~NZ$6.8m
cash and ~NZ$4.3m receivables, with payables of NZ$1.0m and no debt.
As context, cash has reduced ~NZ$3m over the past 12 months during a period of substantial
investment into building five new products, three of which have now been launched to market, and
through a period of substantial recurring revenue and customer growth. Investment into product
development is paying back, an example being IKE PoleForeman. This new product has been in-
market for ~nine months and as above to date the product has generated ~$12.5m in Total
Contract Value and has increased IKE’s ARR by ~NZ$4.0m.

6
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.

Macro-market tailwinds remain across North America
As consistently stated, macro-market tailwinds across North America remain highly supportive of
IKE’s business and are growing, driven by the forecasted $300B investment by electric utilities into
building & maintaining distribution power network capacity and associated network hardening. To
meet caron-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. Additively, there are
multi-year investments being made into building overhead fiber and 5G networks by more than 200
communications companies. IKE’s product suite drive productivity outcomes supporting the lifecycle
of these networks.

ENDS
About IKE
We’re IKE, the PoleOS™ Company. IKE seeks to be the standard for collecting, analysing and
managing pole and overhead asset information for electric utilities, communications companies,
and their engineering service providers.
The IKE platform allows electric utilities, communications companies, and their engineering service
providers to increase speed, quality, and safety for the construction and maintenance of distribution
assets.
The core revenue engine for IKE is driven by the number of enterprise customers subscribing to the
IKE platform and the volume of assets (called Transactions) being processed through IKE’s
software.
Contact:
Glenn Milnes
CEO
+1 720-418-1936
glenn.milnes@ikegps.com


Simon Hinsley
Investor Relations
+61-401-809-653
simon@nwrcommunications.com.au


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

---

IKE 1H FY25 Performance Update & Outlook
We’re IKE, the Pole OS Company
Glenn Milnes, CEO and Brian Musfeldt, CFO
glenn.milnes@ikegps.com, brian.musfeldt@ikegps.com
October 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), 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:

ikeGPS
3
Agenda
1H Performance Headlines
Outlook
Addressable market and IKE’s value proposition
Q&A

ikeGPS
4
•Significant growth in underlying
subscription revenue.
•Three-year subscription revenue CAGR of
+38%.
•During FY25, this is expected to increase
materially by ~40% or greater vs pcp.
Subscription revenue growth has continued to be consistently strong
with a three-year CAGR of 38%
In 1H, a total of ~$33M of contracts closed
Takeaways:

ikeGPS
5
•+34% YoY growth in the exit run
rate (ERR) of annual platform
subscription revenue.
•As stated, during the FY25 period
this metric is expected to
continue to grow materially (by
~40% or greater vs pcp) driven by
continued growth of IKE Office
Pro subscription sales and the
successful sell-through of IKE’s
next-generation IKE
PoleForeman subscription
product, with TCV of ~NZ$12.5m
already closed.
Exit Run Rate (ERR) of annual platform subscription has grown to NZ$13.2m
as at 30 September 2024
Takeaways:

ikeGPS
6
•Subscription seat license
growth of +179% over the past
year.
•Seat count growth has
accelerated at a fast pace due
to customer additions and
upsells, as well as selling
customers onto a new per-seat
subscription model when
adopting the new IKE
PoleForman product (released
late FY 2024).
179% YoY increase in subscription seat licenses, evidencing the impact of
new product introductions with very sticky customers
Takeaways:

ikeGPS
7
•Three-year transaction revenue
CAGR of +20%.
•Noting gross margin increased
+107% vs pcp.
•Based on contracts signed in Q2
FY25, IKE expects transaction
volumes and associated
revenue to continue to build
into 2H FY25.
Three-year transaction revenue CAGR of 20%, and improved margin profile
Takeaways:

ikeGPS
8
•Total cash and receivables as at 30 September 2024 of
~NZ$11.1m, comprised of ~NZ$6.8m cash and
~NZ$4.3m receivables, with payables of NZ$1.0m and
no debt.
•As context, cash has reduced ~NZ$3m over the past 12
months during a period of substantial investment into
building five new products, three of which have now
been launched to market, and through a period of
substantial recurring revenue and customer growth.
• Investment into product development is paying back,
an example being IKE PoleForeman. This new product
has been in-market for ~nine months and to date the
product has generated ~$12.5m in Total Contract Value
and has increased IKE’s ARR by ~NZ$4.0m.
Key metrics table
Other Takeaways:
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 until 31 December 2024. Reconciliation is as follows:
1H FY25
1H FY24
% Change
Total Revenue
$12.2m
$10.5m
+16%
Platform Subscriptions
Total # of Subscription Customers
413
368
+12%
Total Number of Seat Licenses
5,990
2,144
+179%
Platform Subscription Revenue
$6.5m
$5.1m
+28%
Gross Margin
$5.7m
$4.5m
+27%
Gross Margin %
87%
87%
Platform Transactions
# of Billable Transactions
160k
142k
+13%
Platform Transaction Revenue
$4.0m
$3.7m
+6%
Gross Margin
$1.5m
$0.7m
+107%
Gross Margin %
37%
19%
Hardware & Other
Hardware & Services Revenue
$1.7m
$1.7m
0%
Gross Margin
$1.0m
$1.0m
0%
Gross Margin %
58%
60%

Update & Outlook

ikeGPS
10
IKE PoleForeman as the Standard for Distribution Network Design.
New SaaS Product to Market https://ikegps.com/ike-poleforeman/
•The new IKE PoleForeman product has been in-market
for ~nine months and to date has generated ~$12.5m in
Total Contract Value and has increased IKE’s ARR by
~NZ$4.0m.
•In total, ~84 customers have initially subscribed to this
new platform, of which ~50 were existing customers
and ~34 are new customers. Far exceeding our
adoption rate expectations.
•This translates to several thousand new seat licenses,
each representing a distribution network design
engineer utilizing the software.
•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 North America.
Takeaways:

ikeGPS
11
AI-based automation products in-market Q2. Further AI products coming 2H.
Built to drive dramatic productivity improvements into specific distribution-network engineering workflows.

ikeGPS
12
AI-based automation products in-market Q2.
Double-Wood Detective AI Product
Validate
Confirm instances of double wood from
existing records.
Change detection
Capture changes to double wood records,
such as pole removal status.
Detect
Locate undetected instances of
double wood

ikeGPS
13
AI-based automation products in-market Q2.
Joint-Use Ticket Automation AI Product
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.

ikeGPS
14
Appendices
Manaakitanga: We Rise By Lifting Others

What IKE does, and the large, long-term North American
market opportunity being addressed
Customer and Market re-cap

ikeGPS
16
IKE has developed Software Products to Engineer a Network through its Lifecycle
Digitizing network
Assessment
AI for whole-of-network
distribution Planning
Pole loading analysis and
structural Design,
Maintenance & 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
<Network Planning> <Assessment & Digitization> <Network Design> <Network Maintenance & Resilience>

ikeGPS
17
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 risks
•Regulatory and Engineering code compliance
•An ageing workforce, requiring tech vs more people
IKE products dramatically improve the engineeringdesign & maintenance process

ikeGPS
18
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
$NZD in B

ikeGPS
19
Where IKE sells: U.S. Market-Map of Investor-Owned Utilities (multi-$B companies)
A huge expansion opportunity......

ikeGPS
20
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

ikeGPS
21
8 of the 10 largest Investor-Owned Utilities have standardized on IKE
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 America,
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 IKE
products into existing customer
base
•Win new logos in the North
American market
•Expand into international markets
Communications
Electric Utilities
Engineering & Project Management

ikeGPS
22
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

ikeGPS
23
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
$NZD
Source: Bell Potter Initiation of Coverage Report, GSMA, American Tower
Note: Labeled Capex Figures reflect Houlihan Lokey Estimates

ikeGPS
24
Some of the largest U.S. Communication groups have Standardized on IKE
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 IKE
products into existing customer
base
•Win new logos in the North
American market
•Expand into international markets
over time
Communications
Electric Utilities
Engineering & Project Management

ikeGPS
25
$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

ikeGPS
26
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 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

ikeGPS
27
A Map-View of Usage, and how IKE customers deploy our software
Crown Castle in Florida

ikeGPS
28
A map-view of Usage, and how IKE customers deploy our software
AT&T in 7 example States

ikeGPS
29
A strengthened team of North American industry experts
Key directors and senior leaders appointed through this past year
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
range of marketing roles with technology leaders like IBM, GE, ABB, and Hitachi Energy.
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
Brett Willet
SVP 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 Utilities 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,
and 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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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
Manaakitanga: We Rise By Lifting Others

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Q&A
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 its 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”