Comms : OnPlatinum acquisition presentation

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onPlatinum Acquisition

7 FEBRUARY 2022

COMMS GROUP LIMITED (ASX: CCG)

This document has been approved by the Board of Directors

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Key Highlights

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Acquires a leading provider of

ICT1 services with a high-

quality customer base

Strengthens Comms Group's position in the corporate mid-market2

Extends Comms Group's	Adds ~$16m in total group
product offering, broadening	revenue, a ~45% increase on
product set into the IT services	current business revenue
market

Expands the Company's	Expect base EBITDA contribution
domestic footprint into QLD	of $2m3 (incl. synergies) and
	expected to grow overtime

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1. ICT refers to Information Technology (IT) services as well as Communications Services.
2. For Comms Group, Corporate Mid-Market refers to larger organisations with typically 500+ employees and monthly spend (MRR) of typically > $5,000.

3 Annualised EBITDA contribution.

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Strategic Rationale

Consistent with the Company's strategy of pursuing near termaccretive acquisition opportunities

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Expansion of domestic	Transformational
footprint	acquisition
• Provides access to	• Adds ~$16m in total
customers in QLD and	group revenue,
NSW via onPlatinum's	representing a ~45%
services to SME and	increase on current
corporate mid-market	group revenue
• New base in QLD with	• Full year FY22,
significant resources	underlying EBITDA
and capabilities	guidance upgraded to
	$5m to $5.5m which
	includes 5 months
	trading from
	onPlatinum

Extension of service

offerings

• Delivers a high-quality
• • 
    corporate customer
    base
  • Broadens Comms Group's product set into the IT services market
• Extension of offerings to existing client base via onPlatinum's managed IT services and cloud offerings

Consistent with M&A

strategy

• Targets expanding
  offerings & client base
• • Post-acquisition,
    annualised revenue is expected to be over $50m and annualised underlying EBITDA of $7m+ including expected synergies from onPlatinum1

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1	Based on full year contributions from all businesses acquired over the past 12 months	COMMS GROUP | 3

onPlatinum business overview

Trading via the onPlatinumand Tango Technology businesses

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Managed services

Domestically to the

SManagedE/Corporateservices,sectorprovision of hardware,(Up to 1,000professionalempl yees)and security services

~ 54% of revenue

Data services

Wide Area Network (WAN) maintenance and services, WAN provisioning and SD- WAN offerings

~ 11% of revenue

Cloud services

Desktop as a service, Office 365

services, Windows cloud services, and

Backup as a service

~ 25% of revenue

Voice services

A fully supported PBX hosted system combining traditional phone systems, VOIP and cloud computing

~ 10% of revenue

• A strong reputation for quality, expertise and innovation
• An award-winning business with a demonstrated history of sustainable growth
• Infrastructure services that support over 55,000 requests per month - with only 4,500 that require human involvement
• ~500 customers with average revenue per customer (ARPU) of circa $3,000 per month
• Aims to have customers on longer term contracts of 3+ years
• Servicing all capital cities and headquartered on the Gold Coast with over 60 employees

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A single point of contact for all clients

Specialisingin information communications and technology needs for clients across a broad range of industries

IT & Cloud	Security	Consultancy	Print	Communications
Managed IT, Cloud,	EndPoint EDR, Firewall,	Project delivery,	Integrated solutions,	Phone, Internet,
Infrastructure,	Domain Controllers,	Virtual CIO, Risk	National service	Digital presence
Network, Backups &	Dark Web	assessment, Advisory	coverage, Workflow
data recovery	Assessment for	board, Policy &	automation
	domains, Risk Watch	Procedure
	for O365	documentation

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