Announcement PDF Capturing the mobile technology opportunity at every stage of life Spacetalk Limited (ASX:SPA) Investor Presentation Capital Raise August 2023 spacetalk.co Spacetalk Mobile Spacetalk Spacetalk Spacetalk has achieved rapid transformation, and the pace of change continues to accelerate. INVESTOR OVERVIEW 2 spacetalk.co Rapid transformation and an exciting future for Spacetalk Simon Crowther, CEO & MD Our goal is to be the most trusted provider of family safety and security at every stage of life. To achieve this, we are rapidly transforming Spacetalk into a software and MNVO subscription business, with a relentless focus on disciplined delivery of our strategy and the launch of new subscription products that engage whole families and increase our customer lifetime value. We are focused on achieving sustainable profitability within H2FY24, which in turn will set us up for controlled overseas expansion. This capital raise will support the business to reach this objective. Simon is a serial entrepreneur and CEO with 20 years of commercial success rooted in the technology sector. Simon had his first profitable exit in 2000 which paved the way for increased leadership roles and exits in subsequent years. Simon was CEO with AirMap, Managing Director with Yamaha Motor Ventures & Laboratory Silicon Valley and CEO of Nearmap (ASX:NEA) which he led as a public company and built into a leading geospatial and AI data business with a $1billion plus market cap. Simon is an active angel investor and Advisor with MaRS, North America’s largest urban innovation hub. I am excited about Spacetalk’s growth potential and look forward to sharing our success in the future. INVESTOR OVERVIEW 3 spacetalk.co Transformation CEO and leadership have transformed Spacetalk within six months February 2023 Spacetalk was a consumer electronics hardware business July 2023 Spacetalk is a wearables enabled software subscription and Mobile Virtual Network Operator (MVNO) business Targeting $20m-$25m ARR business within 3 years INVESTOR OVERVIEW 4 spacetalk.co S ’ family safety technology business on a page One Theme: Two Emotional Experiences: Three Product Sets: Four Customer Segments: Five Established Revenue Streams: 1. Family Safety 1. Freedom 1. Wearable Hardware & Companion Apps 1. Schools and Educators 1. Hardware Sales 2. Young Families 2. MVNO Subscriptions 3. Seniors and Vulnerable 3. App Subscriptions 2. Peace of Mind 2. Mobile Connection (MVNO Plans) 3. Schools Messaging Suite Families 4. Employers and Workers 4. Software Subscriptions (SaaS) 5. SMS Subscriptions We continue to focus on Product Ecosystem innovation INVESTOR OVERVIEW 5 spacetalk.co Capital raise Seeking to raise $2.7 million investment to fund growth September 2023 $2.7m $0.022 per share Working Capital › Sufficient to achieve sustainable positive cash flow from H2FY24 Growth Strategy Delivery › Product: Launch Family MVNO Plans › Product: Launch Device Agnostic ‘Family App’ › Product: Launch New Schools<>Parents Messaging App › Product: Develop Family Database › Sales: Schools & Seniors Business Development INVESTOR OVERVIEW 6 spacetalk.co Investment highlights Significant ARR Growth Spacetalk is focused on tripling ARR to $20-$25m within three years Transformation Operational reset Annual Recurring revenue Turnaround continuing, with progress made and momentum accelerating Business fundamentals reset, product ecosystem in development connects four customer segments at every stage of life Annual Recurring Revenue (ARR)at 30 June 2023 $8.3m with base growing to targeted $20m - $25m within three years (~3x increase on FY23) Spacetalk Mobile MVNO opportunity Customer opportunity Focus shifts from consumer electronics hardware to Software Subscription and Mobile Virtual Network Operator (MVNO) business initially in ANZ region with future international focus. Product opportunity › Focused on rapid digital and hardware product development › Established Spacetalk product ecosystem to meet life stage safety needs MVNO (Mobile Virtual Network Operator) A selection of wearable device and family orientated mobile phone pre-paid plans. MVNO exists on the Telstra Network. › Targeting becoming a significant Mobile Virtual Network Operator (MVNO) › Spacetalk has attracted ~15,000 active subscribers in less than 12 months › Expanded customer focus to secure families as lifelong customers › Established network of schools and parents INVESTOR OVERVIEW 7 spacetalk.co Investment highlights Annual Recurring Revenue (ARR) 8.0 The strategic turnaround plan is already yielding tangible results Millions ($) • • • 30% growth in ARR from Q1 to Q4 of FY23 Combined App & MVNO ARR growth of 50% over same period MVNO 31% of ARR in Q4 (Q1:NIL) The Group recorded strong 2H23 performance with normalised EBITDA of -$0.6m (1H23: -$2.4m), underpinned by the restructure that was completed in Q4/FY23. 2.2 2.5 6.0 5.0 • • 2.3 7.0 2.5 4.0 3.0 5.6 5.0 2.0 6.0 4.0 1.0 Q1 FY23 Q2 FY23 App & MVNO Subscribers Q3 FY23 Q4 FY23 Schools INVESTOR OVERVIEW 8 spacetalk.co Investment highlights • • 18% growth in total APP & MVNO subscribers from Oct 22 to June 23 Dec 22 spike is seasonal due to Black Friday & Christmas sales Strong MVNO subscriber growth with compound monthly growth of 67% 70,000 12,000 60,000 10,000 50,000 8,000 40,000 6,000 30,000 4,000 Total subscribers • 14,000 MVNO Subscribers The strategic turnaround plan is already yielding tangible results 80,000 20,000 2,000 10,000 - Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 MVNO - LHS Mar-23 Apr-23 May-23 Jun-23 Total Subs - RHS Subscribers INVESTOR OVERVIEW 9 spacetalk.co Investment highlights The strategic turnaround plan is already yielding tangible results Quarterly Revenue Mix 100% 80% 60% 40% • • Shift from device revenue to recurring revenue Recurring revenue is 60% to total revenue in Q4 FY23 (Q4FY22: 55%). 20% 0% 1Q22 2Q22 Device 3Q22 4Q22 Schools 1Q23 2Q23 App Subscribers 3Q23 4Q23 MVNO Subscribers INVESTOR OVERVIEW 10 spacetalk.co Strategy execution Horizon 1 May – December 2023 Capability Stated objectives › Hire key executives › Build specialist capability to deliver strategy › Do the basics well Sales Products › Increase Young Families sales, margins & lifetime value › Adventurer 2 Watch › Renewed focus on Schools & Educators segment › Family-focused mobile virtual network operator (MVNO) service › Activate Seniors & Vulnerable Families segment › New ‘Affordable’ Watch › Device agnostic mobile application product › Schools messaging platform Progress & outcomes › Hired specialists including, Head of Product; VP Engineering; Head of Business Development – Schools; Growth Marketing Director and Product Marketing Managers › Key business functions including finance, engineering, product and operations completely reset › Retailer sales margins reset with significant improvement for Spacetalk › Major new retailer and 90 new retail sites added › Q4FY23 Revenue from continuing operations increased 21% vs prior corresponding period (“pcp”) to $3.4m › Annual recurring revenue (ARR) increases 33% vs pcp to $8.3m and 7% vs Q3 › Dedicated business development resources hired to focus on Schools & Educators segment › New B2B channels under development for Seniors & Vulnerable Families Segment › Adventurer 2 watch delivered › Loop ‘Affordable’ Watch planned for October 2023 › New MVNO plans under negotiation planned for November 2023 › Further enabled Life watch planned for September 2023 › Device agnostic ‘Family App’ planned for September 2023 › New parent <> school communication app planned for September 2023 INVESTOR OVERVIEW 11 Spacetalk product suite & market opportunity spacetalk.co spacetalk.co Market opportunity Addressing family safety needs 01. 02. 03. 04. We want to easily communicate with parents, reduce admin burden but keep it cost effective and easy to use” I want to keep my kids safe, but give them the freedom to grow and explore as well as safely use technology” I want to remain independent, but ensure I am safe and keep in touch with my family to provide peace of mind to my loved ones” I want to ensure the safety of my workers, particularly those most vulnerable or working alone” › Duty of care to ensure students are present, and ‘at risk’ absence patterns are highlighted › Fear of children not developing their independence or missing out › Compliance for retirement living, where personal emergency systems are required › Duty of care to ensure all employees have a safe work environment Schools and Educators › Reduction in cost of admin effort of ~0.5 FTE per day › Increase in engagement between families and schools › Student wellbeing and access to education monitored and reported Young Families › Freedom and time to do more as parents, and experience more as children › Peace of mind and ability to relax, knowing a child is safe without watching over them › Confidence that access to technology and connection with others is controlled Seniors & Vulnerable Families › Reducing costs for 24/7 monitoring providers by triaging calls through personal emergency contacts before call centres › Aging in place for longer for seniors who are at risk, but are not yet ready to move Employers & Workers › Efficiency, utility and compliance through activity and location sharing by employees and/or contractors › Peace of mind for workers, employers and families that lone worker falls will be automatically alerted and SOS calls are one button press away › Peace of mind for seniors, families and carers that falls will be automatically alerted, SOS calls are one button press away, and location is shared instantly INVESTOR OVERVIEW 13 spacetalk.co New products enable the execution of our strategy, increase customer retention and increase subscription revenue Any smartphone can be paired with Spacetalk’s new Family App and connected with new Spacetalk Mobile plans. Spacetalk’s value proposition of freedom and peace of mind now lasts a lifetime. February 2023 September 2023 New Value Created Closed App Smartwatch Restricted Open App Works With Any Phone Multi-Year Customer Engagement ~18 months Customer Lifecycle Family Lifetime Engagement Whole of Family Value Proposition One Off Hardware Sales Revenue Recurring Subscription Revenue Family Database companion app can only be paired with a Spacetalk watch device lifespan to capture customer value before children outgrow watches and customers churn limited customer lifetime revenue from watch sales and small app fees over 18 months Customer Lifetime Value Limited Family App can be paired with any smartphone, no watch required Family App can be used with a child’s first handme-down smartphone, until they leave home compounding revenue growth from Spacetalk Mobile plans for the whole family Customer Lifetime Value Unlimited value creation is no longer restricted to 18 months of watch usage hardware, app and mobile plans for younger children, older siblings, parents & grandparents customer database for life long engagement and sales Spacetalk at the Centre Of Every Family, Every Day INVESTOR OVERVIEW 14 spacetalk.co Wearable hardware & companion apps Hardware sales covert to Spacetalk Mobile subscribers at a high rate, meaning our MVNO customer acquisition cost is virtually zero. Spacetalk products work together as a value multiplying ecosystem Adventurer Watch Companion App 4G smartwatch and GPS device full of safety features, making it the perfect first phone for kids. The Spacetalk App connects to kids and seniors Spacetalk devices, enabling you to locate family members, communicate with them at any time. Adventurer 2 Watch Customers are acquired at very low cost directly & through hardware sales Our newest 4G smartwatch. It has video calling, talk and text, GPS location tracking, school mode, emergency SOS, and tough Gorilla glass. Life Watch Updated September 2023 4G mobile phone watches that automatically detect falls, calls SOS contacts, provides GPS location data and connection to 24/7 monitoring providers. Customers are retained within a suite of subscription MVNO and software products Family App September 2023 Device agnostic app that provides all the features of the companion app, for any device (no need for a Spacetalk watch). Accessories A range of new straps, charging docks and screen protectors. Loop Watch October 2023 Distraction free affordable 4G and GPS watch. INVESTOR OVERVIEW 15 spacetalk.co Mobile and Schools Mobile Connection Schools Messaging Suite Mobile Virtual Network Operator (MVNO) plans Mobile Virtual Network that operates on the Telstra Network and delivers a range of wearable device and family orientated mobile phone pre-paid plans. Rebranded from JumpySIM in August 2023. School attendance and parent message product suite, including analysis and reporting of attendance patterns that may indicate an at risk child. Rebranded from MGM Wireless in July 2023. New MVNO plans for whole family in November 2023. New School <> Parent communication app in September 2023. INVESTOR OVERVIEW 16 spacetalk.co Market opportunity on track to achieve ARR of $20m - $25m in three years FY22 FY231 FY23/24 Var Revenue from continuing operations ($m) 14.8 13.4 -9% Gross Profit from continuing operations ($m) 8.7 6.7 -23% GP margin (%) 59% 50% -8ppts Normalised Cost to Income Ratio from continuing operations (%) 75% 74% -1ppt Annual Recurring Revenue ($m) 6.3 8.3 33% Recurring Revenue Mix (%) 39% 54% 15ppts 59,652 69,978 17% Subscribers2 1 Unaudited 2 App FY22: 59,652 (FY23:55,258); MVNO FY22: NIL (FY23: 14,720) Outlook SPA is targeting FY24 revenue of $18m - $19m and ARR of $11m - $12m INVESTOR OVERVIEW 17 spacetalk.co Peer comparison Spacetalk’s ASX market benchmark is Life360 Inc (ASX:360). Valued at $1.56 billion. FY23/CY22 1 Annual Recurring Revenue (ARR) $8.3M $368.5M Revenue from continuing operations $13.4M $351.2M Normalised Continuing Operations EBITDA ($3.0M) ($60M) 311,242,939 shares 200,494,311 shares Price: $0.023 Price: $8.18 $12.2M Ent Value $1.65B Ent Value 1.47x ARR 4.48x ARR Enterprise Value at 21st August 2023 Young Families Hardware Sales (Wearables) Revenue Lines App Subscriptions Seniors and Vulnerable Families Hardware Sales (Wearables) Revenue Lines 1 App Subscriptions Mobile Virtual Network Launched November 2022 13,400 subscribers in 8 months Schools and Educators Schools Messaging Suite Spacetalk FY23 is unaudited, Life360 is FY22 & ARR based on Q1 FY23 translated at 0.65 USD=A$1 INVESTOR OVERVIEW 18 Revenue Growth spacetalk.co spacetalk.co Reset strategy driving tangible operational results Retail Sales eComm Sales Spacetalk Mobile MVNO Subscribers 8% improvement 142% of target ~15,000 in retailer & distributor terms in H2FY23 for eComm sales in Q4FY23 17% YoY increase Highest ROAS ever 90 new distribution points Lowest CAC ever 300 new distribution points >25x Increase in Q4 FY23 sales volumes added in FY24 in final negotiation across Australia and New Zealand for FY24 for Q4 of 8.6 for Q4FY23 of $22 in Social Media marketing effectiveness in Q4FY23 active subscribers in 8 months ~12,500 active subscribers in Australia ~1,100 monthly customer acquisition (June 23 run rate) INVESTOR OVERVIEW 20 spacetalk.co Diversified revenue opportunity Five established revenue streams, four customer segments, multiple channels Revenue Streams & Products Customer Segment Revenue Type Go To Market & Channels Hardware Sales: Childrens Wearables › Young Families One Off B2B2C Mobile Phone + GPS Watches › Seniors & Vulnerable Families Hardware Sales: Seniors Wearables › Seniors & Vulnerable Families mPERSA Mobile Phone + GPS Watches FY231 $M Actual Revenue [Gross Margin] Retailers & Telcos B2C eComm One Off Future: Employers & Workers B2B2C Retailers, Telcos, NDIS Providers, 24/7 Monitoring B2B 6.1 [1.1] [18%] Employers, Retirement Villages B2C eComm Spacetalk Mobile Subscription (MVNO): Mobile Virtual NetworkB 1 Unaudited continuing operations › Young Families › Seniors & Vulnerable Families Future: Employers & Workers Recurring Subscription Revenue › SIM in box with watch or installed in watch Monthly, 6 Monthly, Annually › Activated online [0.7] › Cross and upsell via eComm [50%] 1.4 A mPERS – Mobile Emergency Response System – A 4G enabled mobile telephone and GPS watch with automatic fall detection and SOS calling that can be connected to 24/7 personal safety monitoring providers (call centers). B MVNO – Mobile Virtual Network Operator – A selection of wearable device and family orientated mobile phone pre-paid plans. MVNO exists on the Telstra Network. MVNO subscriptions are higher value, but lower margin than app fees. INVESTOR OVERVIEW 21 spacetalk.co Diversified revenue opportunity Five established revenue streams, four customer segments, multiple channels Revenue Streams & Products Customer Segment Revenue Type Go To Market & Channels App Subscriptions: › Young Families › Seniors & Vulnerable Families Recurring Subscription Revenue › Google Play Store Mobile ApplicationC Software Subscriptions (SaaS): › Schools & Educators Schools Attendance and Messaging Product Suite Recurring SaaS Subscription Revenue › Apple App Store › eComm B2B Direct Sales Annually Schools Attendance and Messaging Product SuiteD SMS Subscriptions: Monthly, Annually FY231 $M Actual Revenue [Gross Margin] 3.8 [2.9] [76%] 1.0 [1.0] [100%] › Schools & Educators Recurring Purchases Volume Usage Dependent B2B 1.1 Direct Sales [1.0] [91%] 1 Unaudited continuing operations C Mobile Application Fees – If a customer uses our SIM card in a Childrens Wearable device or mobile phone we do not charge an app fee. For Seniors Wearables an app fee is always charged regardless of use of a Spacetalk SIM. As the number of MVNO subscriptions grows we will see app revenue decline. MVNO subscriptions are higher revenue and margin value, but lower % margin than app fees. D Schools Attendance and Messaging Suite consists of: Digital kiosk for checking students in/out; Outreach+ web portal for writing, saving and sending messages to parents; School Star App for staff to send news and messages and Parents to access news feeds, and read and respond to messages. SMS bundles are purchased by schools and administered via the platform. INVESTOR OVERVIEW 22 spacetalk.co Funds deployment Grow customer base, increase subscription revenue and customer lifetime value on strong foundation Active Wearables Devices Spacetalk Mobile MVNO Subscribers ~60,000 ~15,000 active devices globally ~42,000 active devices in Australia and NZ Spacetalk App Subscribers active subscribers in 8 months Launched November 2022 ~12,500 active subscribers in Australia ~55,500 4.6 star rating Spacetalk Schools SaaS Subscribers 2,400 150,000+ ~930 ~10% ~620,000 ~24,500,000 paying app subscribers ratings downloads Schools using SaaS product parents engaged monthly Image above is Spacetalk watch GPS snapshot Friday 19th May, 2023 of all Australian Schools messages sent each year INVESTOR OVERVIEW 23 Corporate overview & opportunity spacetalk.co spacetalk.co A strong leadership team Simon Crowther, CEO & MD Craig Boshier, COO Tonderai Maenzanise, CFO Joined February 2023 Joined February 2023 Joined March 2023 Simon is a serial entrepreneur and CEO with 20 years of commercial success rooted in the technology sector. Simon had his first profitable exit in 2000 which paved the way for increased leadership roles and exits in subsequent years. Craig has over 15 years’ experience working with digital first early-stage businesses across multiple sectors, in various roles within businesses, and externally as a consultant and venture investor. Simon was CEO with AirMap, Managing Director with Yamaha Motor Ventures & Laboratory Silicon Valley and CEO of Nearmap (ASX:NEA) which he led as a public company and built into a leading geospatial and AI data business with a $1billion plus market cap. Craig was previously COO with AirMap, Partner and General Manager with Yamaha Motor Ventures in Australia and New Zealand, and prior to that Partner and Managing Director with Boston Consulting Group Digital Ventures (BCG DV), where he led the design, build and launch of new digital ventures in Australia, India and South East Asia. Simon is an active angel investor and Advisor with MaRS, North America’s largest urban innovation hub. Craig is also an angel investor and actively volunteers as an advisor for a number of early stage businesses. Tonderai is an accomplished finance professional with over 24 years global experience in financial management and leadership roles. Tonderai is a Deloitte trained Chartered Accountant and gained global experience in Zimbabwe, USA, UK and Australia throughout the 9 years he spent with Deloitte. Tonderai was previously CFO at Grays.com Ltd and RT Health Fund and has significant ASX experience, obtained during 7 years as FlexiGroup Ltd.'s Group Financial Controller and 3 years in senior leadership positions with Transfield Services Ltd. Tonderai has expertise in strategic planning, IPO, transformation, financial reporting and operations in global companies, capital, liquidity and financial management, mergers and acquisitions, corporate governance, taxation, executive leadership, mentoring and coaching. INVESTOR OVERVIEW 25 spacetalk.co Experienced management team Chris Neary, Chief Marketing & Digital Officer Steve Fenton, Vice President Sales Joined March 2023 Joined April 2023 Chris has worked in advertising and digital agencies in strategy and creative roles, working on Fortune 100 brands. He has run marketing departments for large corporations, most notably Canada’s incumbent telecommunications company Telus. Over the last 10 years, Chris has been helping early-stage companies get to market and achieve unnatural growth through brand, marketing, and digital strategy. He has also been an owner-operator in multiple startups and is a respected member of an entrepreneurial community. Chris is the Chairman of TEDx Vancouver and a board member of the Developmental Disabilities Association of BC. Christine Storey, Head of People & Culture Joined July 2023 Steven Fenton is a dynamic and results-driven sales professional with a strong track record of exceeding targets and driving revenue growth. Christine is a highly accomplished HR professional with extensive expertise in talent acquisition and management. With over 15 years of experience within the FMCG and consumer electronics industry working for global category leaders such as Diageo and Dyson Steven has developed a deep understanding of retailer needs and a talent for building long-lasting relationships. With a career spanning 15+ years, she has successfully guided organizations in attracting top-tier talent and fostering a culture of employee engagement and development. Christine's strategic mindset and exceptional communication skills enable her to build partnerships with stakeholders. Her deep understanding of HR best practices and compliance ensures organizations maintain a competitive edge while adhering to legal requirements. Steven's exceptional communication and negotiation skills enable him to navigate complex sales situations whilst gaining mutually profitable outcomes. His strategic mindset and innovative approach to sales have consistently positioned him as a top performer in the industry. Christine's passion for creating inclusive and high-performing teams has driven her to spearhead diversity and inclusion initiatives, promoting a workplace where every individual thrives. INVESTOR OVERVIEW 26 spacetalk.co Experienced management team James Biddle, Head of Business Development, Schools Peter Scott, Head of Product Joined July 2023 Joined June 2023 James has extensive sales and marketing experience in EdTech, consumer electronics and professional audio, having held the Sales Director role at both the Australian and US offices of RØDE Microphones, Global Sales & Marketing Director at ClickView, and running his own business in the US as the exclusive distributor of several Australian and British professional audio product lines. Specific to the schools market, James achieved 95% market share in Australian high schools and 50% in Australian primary schools, won a 7-year contract with EduVic, negotiated long term contracts with the majority of Australia’s catholic education offices, signed a multi-year deal with Education Scotland, launched ClickView in the US in partnership with Microsoft, and grew the domestic Australian business by 3 times over 7 years. Peter has over 18 years’ experience as a leader in product and strategy development. Most recently Peter was the Chief Product and Technology Officer at Compono, a software development company that provides intelligent solutions to companies to hire, develop and engage their people. Jamie Simonsen, Vice President Engineering Joined July 2023 Jamie brings strong leadership, technical expertise, and innovation to drive excellence in engineering teams. He excels in leading teams to deliver advanced solutions within deadlines, with a focus on security excellence and adherence to industry standards. Jamie’s expertise lies in architecting messaging platforms and designing cutting-edge Real-Time Location Systems (RTLS) and IoT solutions. He has pioneered an Android-based 2-way paging system and have successfully delivered various tracking systems for high-risk environments. INVESTOR OVERVIEW 27 Safety at every stage of life Spacetalk Limited (ASX:SPA) Investor Presentation Capital Raise July 2023 Spacetalk (ASX:SPA) Simon Crowther CEO and Managing Director P: 1300 087 423 The Capital Network Julia Maguire P: +61 2 8999 3699 E: julia@thecapitalnetwork.com.au spacetalk.co Important legal information This presentation has been prepared by Spacetalk Ltd. (“Spacetalk,” or “Company,” or “SPA”). This presentation: • has been prepared in good faither and with reasonable care. Neither SPA nor any other person makes any representation or warranty, express or implied as to the accuracy, reliability, reasonableness or completeness of the contents of this presentation (including any projections, forecasts, estimates, prospects and returns), and any omissions from this presentation. To the maximum extension permitted by law, SPA and its respective officers, employees and advisers disclaim and exclude all liability for any loss or damage (whether or not foreseeable) suffered or incurred by any person acting on any information (including projections, forecasts, estimates, prospects and returns) provided in or , or omitted from, this presentation or any other written or oral information provided by or on behalf of SPA. • is intended to be general background information only, and is not intended that it be relied and the information this presentation does not take into account your financial objectives, situations or needs. Investor should consult wither their own legal, tax, business and/or financial advisers in connect with any investment decision. • should be read in conjunction with Spacetalk’s financial reports and market releases on ASX. • may include forward-looking statements about Spacetalk and the environment in which Spacetalk operates, which are subject to significant uncertainties and contingencies, many of which are outside the control of Spacetalk – as such undue reliance should not be placed on any forward-looking statements as actual results or performance may differ materially from these statements • includes statements relating to past performance, which should not be regarded as a reliable guide to future performance. • includes certain financial information which Spacetalk considers useful to assist in evaluating Spacetalk’s performance, however, such information has not been subject to audit or review in accordance with Australian Auditing Standards. All dollar values are in Australian dollars (A$) unless otherwise stated.