Q1 FY27 Investor Webinar Presentation

NZX: LOC · Q1 FY27 INVESTOR WEBINAR
Locate2u Revenue Up
72%, Group Net Profit
Positive.
Steve Orenstein
Founder & CEOThursday 22 October 2026 · 12:00pm NZDT

IMPORTANT INFORMATION
Forward-Looking Statements and Disclaimer
This announcement contains forward-looking statements subject to
risks and uncertainties. These statements are not guarantees of future
performance. Actual results may differ materially due to changes in
market conditions, regulations, and other factors. Readers should not
place undue reliance on forward-looking statements. This
announcement has been prepared by Locate Technologies Limited
(NZX: LOC) for informational purposes only. It contains historical and
current information based on reported results and publicly available
data.
It does not constitute financial advice, an offer to sell, or a solicitation
to buy securities. Investors should conduct their own due diligence and
consult professional advisors before making investment decisions.
Past performance is not indicative of future results. Bitcoin and digital
assets are highly volatile. All Q1 FY27 financial information is unaudited
management information and remains subject to the FY27 half-year
review and full-year audit. This announcement includes non-GAAP
financial measures (Normalised EBITDA) which are not defined under
NZ IFRS.
Q1 FY27 Investor Webinar · 02

Q1 FY27 AT A GLANCE
A milestone quarter for the Group
GROUP REVENUE
$2.22m
+36% YoY
LOCATE2U REVENUE
$1.50m
+72% YoY
NET PROFIT AFTER TAX
+$62k
vs ($578k)
OPERATING CASH FLOW
+$828k
vs ($347k)
All figures NZD. Comparisons against Q1 FY26 (three months to 30 September 2025).
Q1 FY27 Investor Webinar · 03

RESULTS SUMMARY
Q1 FY27 against Q1 FY26
METRICQ1 FY27Q1 FY26YOY
Group Revenue$2.22m$1.63m+36%
Locate2u Revenue$1.50m$0.87m+72%
Zoom2u Revenue$0.72m$0.76m(6%)
Reported EBITDA+$521k($209k)+$729k
Normalised EBITDA+$603k($3k)+$607k
Net Profit After Tax+$62k($578k)+$640k
Operating Cash Flow+$828k($347k)+$1,175k
Cash Balance$1.73m$1.32m+30%
Q1 FY27 Investor Webinar · 04

LOCATE2U
Locate2u delivered another record quarter
Locate2u revenue, NZ$m
0.87
1.50
Q1 FY26Q1 FY27
+72%
Revenue growth year on year
67%
Share of Group revenue, up from 62% in Q4 FY26
+39%
Recurring software revenue growth
Q1 FY27 Investor Webinar · 06

ENTERPRISE CUSTOMERS
Enterprise customers are onboarding at pace
We are onboarding a number of enterprise customers onto Locate2u, and we plan to share further detail on
these as they become available.
Lower operating costs
Route optimisation plans more
efficient routes across the fleet,
reducing distance travelled, driver
hours and fuel.
Driver onboarding and
compliance
Driver and vehicle onboarding and
ongoing compliance, including
heavy-vehicle and insurance
information, in one place.
A better customer
experience
Live tracking and arrival
notifications show end customers
where their driver is and when they
are due.
Q1 FY27 Investor Webinar · 07

PLATFORM
Locate2u is an end-to-end platform for logistics-based
companies
01
Orders
Orders captured,
managed and released
to dispatch from one
interface.
02
Delivery
Route optimisation,
scheduling, dispatch
and the driver app.
03
Customer
Experience
Live tracking, arrival
notifications, proof of
delivery and the
customer portal.
04
Fleet Compliance
Driver and vehicle
onboarding and
ongoing compliance in
one place.
05
Finance
Invoicing customers
and paying suppliers,
including drivers.
06
AI Agents
AI agents working
across every stage of
the operation.
TYPICAL CUSTOMERS
Big-box retailersDistributors
Courier and parcel
networks
Large e-commerce
businesses
Q1 FY27 Investor Webinar · 08

AI AND OPERATING LEVERAGE
Growing the business without growing the team
GROUP REVENUE
+36%
Q1 FY27 vs Q1 FY26
TOTAL WAGES
−14%
Q1 FY27 vs Q1 FY26
AI is used across development, sales,
product and operations.
Integrations and customer-specific
requirements that once took months are
now delivered in weeks, and often in days.
This is the main reason enterprise
customers are onboarding faster.
Q1 FY27 Investor Webinar · 09

ZOOM2U
Zoom2u is focused on returning to growth
Q1 FY27 REVENUE
$0.72m
(6%) YoY
DONE
New Zoom2u website launched during
the quarter
NEXT
Zoom2u platform relaunch planned for
the coming quarter
ONGOING
Applying the Group’s AI tools and
product work to optimise operations
Q1 FY27 Investor Webinar · 10

EBITDA
Reported EBITDA was positive in every month
Reported EBITDA by month, NZ$k
164
128
229
Jul ’26Aug ’26Sep ’26
NZ$’000Q1 FY27Q1 FY26
Reported EBITDA521(209)
One-off normalisation items45158
ESOP (non-cash)3847
Bitcoin unrealised revaluationnilnil
Normalised EBITDA+603(3)
Totals may not sum due to rounding.
Q1 FY27 Investor Webinar · 11

CAPITAL MANAGEMENT
PURE refinancing is progressing ahead of its due date
PURE DEBT FACILITY
Due 7 Nov 2026
Multiple refinancing proposals received.
Refinancing is progressing ahead of that
date.
PURE ROYALTY SHARES
10,000,000
Ordinary shares issued on 1 July 2026 in
full settlement of the Locate2u revenue
royalty.
ON-MARKET BUYBACK
86,652 shares
Acquired for $4,266 at $0.049 to $0.050
and cancelled on acquisition. The
programme remains open.
Q1 FY27 Investor Webinar · 12

BITCOIN TREASURY
Holdings maintained at 12.3 BTC
TOTAL HOLDINGS
12.3
BTC
Revalued in reported results only at the half-year (31
December) and full-year (30 June). No revaluation is
recognised in Q1 FY27.
Market value, 30 Jun 2026~$1.27m
Market value, 30 Sep 2026~$1.81m
NZD. Point-in-time reference. Live holdings at locatetech.nz/bitcoin
Q1 FY27 Investor Webinar · 13

OUTLOOK
Strategic priorities are unchanged
01
Scale Locate2u
Win and onboard enterprise customers globally, built on delivering
customised requirements for complex clients.
02
Operating leverage
Maintain a lean team and cost discipline as revenue scales, converting
AI-driven efficiency into margin.
03
Bitcoin treasury accumulation
Hold Bitcoin as a long-term reserve asset and accumulate through the
ATM facility and operating cash flow when it makes sense, managing
dilution carefully.
NEAR-TERM MILESTONES
Before 7 Nov 2026
PURE facility refinancing
23 Nov 2026
Annual Shareholders’ Meeting
Ongoing
On-market share buyback
Q1 FY27 Investor Webinar · 14

Q1 FY27 INVESTOR WEBINAR
Questions
Contact
Steve Orenstein, Founder & CEO
Email
investors@locatetech.nz
Recording
investor.locatetech.nz