Bill Identity : Investor Presentation

About Bill Identity

Bill Identity Limited (Bill Identity, Company or BID) is an Australian based technology company with offices in Australia, NZ the USA and UK. Bill Identity's cloud based platform simplifies the complex utility bill management process by using automation, enabling organisations to have complete control over their utility spend and reporting.

This Presentation has been authorised by the Board of Directors of the Company.

IMPORTANT: You must read the following before continuing.

This notice and disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting this Presentation you represent and warrant that you are entitled to receive this Presentation in accordance with the restrictions contained in it and agree to be bound by the limitations contained in it. This Presentation has been prepared by Bill Identity Limited (ACN 131 445 335) (BID) and relates to a Placement of new BID fully paid ordinary shares (New Shares) to certain professional or sophisticated investors under section 708 of the Corporations Act 2001 (Cth) (Corporations Act) and a Share Purchase Plan offer to eligible holders of ordinary shares in BID on the same terms as the Placement (Offer).

Not a prospectus or an offer of securities

This Presentation is not a prospectus or any other offering or disclosure document under the Corporations Act (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or under the law of any other jurisdiction in which an offer of New Shares may be received. This Presentation does not form the basis of any contract or commitment to sell or apply for New

Shares or other securities in BID or any of its subsidiaries.

Summary information

This Presentation contains summary information about BID and its activities which is current as at the date of this Presentation. Except as required by law (including the ASX listing rules), BID undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. This Presentation does not necessarily contain all information which may be material to the making of a decision in relation to an investment in BID. It is not recommended that any person makes any investment decision in relation to BID based solely on this Presentation. Any prospective investor should make his or her own independent assessment and determination as to BID's prospects prior to making any investment decision and should not solely rely on the information in this Presentation for that purpose. This Presentation should be read in conjunction with BID's periodic and continuous disclosure announcements lodged with the ASX, which are available athttps://billidentity.com/ or www.asx.com.au. Certain market and industry data used in connection with this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither BID, its officers, employees, agents nor advisers have independently verified any such market or industry data provided by third parties or industry or general publications. The information contained in this Presentation is intended only for the persons to whom it is

transmitted for the purposes of evaluating BID. The information contained in this Presentation supersedes any prior presentation or conversation concerning BID.

Distribution limited

The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

Not for release or distribution in the United States

This Presentation may not be distributed or released in the United States or to any person acting for the account or benefit of a person in the United States. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which such an offer would be illegal. The New Shares referred to in this Presentation have not been, and will not be, registered under the US Securities Act of 1933 as amended (US Securities Act) or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of a person in the United States, unless the securities have been registered under the US Securities Act (which BID has no obligation to do or procure) or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act

and any other applicable securities laws, of any state or other jurisdiction in the United States.

Not investment advice

Each recipient of this Presentation should make its own enquiries and investigations regarding all information in this Presentation including but not limited to the assumptions, uncertainties and contingencies which may affect the existing and future operations of BID and the impact that different existing and future outcomes may have on BID. This Presentation has been prepared without taking account of any person's individual investment objectives, financial situation or particular needs. Before making an investment decision or any decision in relation to this Presentation, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and should seek legal, accounting and taxation advice appropriate to their jurisdiction. BID is not licensed to provide financial product advice in respect of BID shares. An investment in BID shares is subject to known and unknown risks, some of which are beyond the control of BID. BID does not guarantee any return or particular rate of return or the performance of BID. Prospective investors should have regard to the risks described in this Presentation under the "Key Risks" Appendix of this Presentation when making their investment decision. This Presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in BID. The New Shares to be issued by BID are considered highly speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the New Shares or that there will be an increase in the value of BID shares in the future.

Future performance

This Presentation may contain certain 'forward-looking statements', including but not limited to, projections, guidance on future revenues, earnings, margin improvement, other potential synergies and estimates and the future performance of BID. Indications of, and guidance or outlook on, financial position or performance or costs or expenses are also forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking words such as, 'expect', 'anticipate', 'likely', 'intend', 'should', 'could', 'may', 'predict', 'plan', 'propose', 'will', 'believe', 'forecast', 'estimate', 'target' 'outlook', 'guidance', 'potential' and other similar expressions within the meaning of securities laws of applicable jurisdictions or otherwise their ordinary meaning. The forward-looking statements in this Presentation are only made as at the date of this Presentation. Any forward-looking statements in this Presentation involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies and other factors, including the risks described in this Presentation under the "Key Risks" Appendix of this Presentation. Risks may be outside the control of, and are unknown to, BID and its officers, employees, agents or advisers. Any forward-looking statement included in this Presentation are provided as a general guide only. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements. No representation or warranty, express or implied, is made by BID that the matters stated in this Presentation will be achieved or prove to be correct.

Past performance

Prospective investors should note that past performance, including the past share price performance of BID and any historical information or pro-forma historical information in this Presentation cannot be relied upon as an indicator of (and provides no guidance as to) future BID performance including future share price performance.

Financial Data

All dollar values are in Australian dollars ("$" or "A$") unless stated otherwise. Financial information given in this Presentation is for information purposes only and should not be relied upon as (and is not) an indication of BID's views on its future financial performance or position. The historical information included in this Presentation is, or is based on, information that has previously been released to the market.

Investment Risk

An investment in shares in BID is subject to investment and other known and unknown risks, some of which are beyond the control of BID. BID does not guarantee any return or particular rate of return or the performance of BID, nor does it guarantee the repayment of capital from BID or any particular tax treatment. Readers should have regard to the risks outlined in the "Key Risks" Appendix of this Presentation.

Disclaimer

Neither Vesparum Capital Pty Ltd ACN 160 118 141, nor its or BID's respective advisers or any of their respective affiliates, related bodies corporate, directors, officers, partners, employees and agents (Relevant Parties), have authorised, permitted or caused the issue, submission, dispatch or provision of this Presentation and, except to the extent referred to in this Presentation, none of them makes or purports to make any statement in this Presentation and there is no statement in this Presentation which is based on any statement by any of them.

To the maximum extent permitted by law, BID and the Relevant Parties exclude and disclaim all liability, including without limitation for negligence or for any expenses, losses, damages or costs incurred by you as a result your reliance on the information in this Presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise. To the maximum extent permitted by law, BID and the Relevant Parties make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of information in this Presentation and, with regards to the Relevant Parties, they take no responsibility for any part of this Presentation. BID and the Relevant Parties make no recommendations as to whether you should trade in shares in BID or participate in the Offer. You represent, warrant and agree that you have not relied on any statements made by any of the Relevant Parties in relation to any trade of BID shares or participation in the Offer and you further expressly disclaim that you are in a fiduciary relationship with any of them. Statements made in this Presentation are made only as the date of this Presentation.

Third parties

This Presentation references contractual arrangements involving various third parties. These parties, their personnel and advisers, do not take any responsibility for the contents of this Presentation, including without limitation the accuracy and completeness of any representation made, or the merits of the investment to which it relates nor infer any endorsement of the Offer by virtue of being referred to in the Presentation.

Acceptance, Withdrawal and Cooling-off

By attending an investor presentation or briefing, or accepting, assessing or reviewing this Presentation you acknowledge and agree to the terms set out in this "Disclaimer: Important Notice" section of this Presentation. BID reserves the right to withdraw, or vary the timetable for, the Offer or any part of it without notice. Cooling off rights do not apply to the acquisition of New Shares.

Photographs and Diagrams

Photographs used in this Presentation which do not have descriptions are for illustration only and should not be interpreted to mean that any person shown endorses this Presentation or its contents or that the assets shown in them are owned by BID. The photographs contained in this Presentation are the property of or are licensed to BID and are protected under copyright laws. No permission is granted for the reproduction of these photographs outside of their appearance in this Presentation. Diagrams in this Presentation have been prepared by BID and are illustrative only and may not be drawn to scale. Unless otherwise stated, all data contained in charts, graphs and tables is based on information available at the date of this Presentation.

All rights reserved

No part of this Presentation may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of BID, except in the case of brief quotations embodied in critical reviews and certain other non-commercial uses permitted by copyright law.