EROAD : corrects Corporate Governance Roadshow presentation

For personal use only

EROAD correctsCorporateGovernance Roadshow presentation

1 July 2022

Transportation technology services company EROAD LIMITED (NZX/ASX: ERD) attaches a copy of the updated Corporate Governance roadshow that includes a correction to EROAD director fees on slide 8.

Ends

Authorised for release to the NZX and ASX by Acting General Counsel, Ksenija Chobanovich.

For Investor enquires please contact:	For Media enquiries please contact:
Anna Bonney	Hamish Haldane
Investor Relations	ANZ Marketing Director
[e-mail]	[e-mail]
Ph [phone]

TEL	[phone]	PO Box 305 394
FAX	[phone]	Triton Plaza, North Shore 0757	Page 1
FREE	0800 4 EROAD	Auckland, New Zealand	eroad.co.nz

For personal use only

EROAD GOVERNANCE ROADSHOW

Graham Stuart, EROAD Chair

Ksenija Chobanovich, Acting General Counsel

JULY 2022

For personal use only

IMPORTANT INFORMATION​

The information in this presentation is of a general nature and does not constitute financial product advice, investment advice or any recommendation. Nothing in this presentation constitutes legal, financial, tax or other advice.

This presentation may contain projections or forward-looking statements regarding a variety of items. Such projections or forward- looking statements are based on current expectations, estimates and assumptions and are subject to a number of risks, uncertainties and assumptions.

There is no assurance that results contemplated in any projections or forward-looking statements in this presentation will be realised. Actual results may differ materially from those projected in this presentation. No person is under any obligation to update this presentation at any time after its release to you or to provide you with further information about EROAD.

While reasonable care has been taken in compiling this presentation, none of EROAD nor its subsidiaries, directors, employees, agents or advisers (to the maximum extent permitted by law) gives any warranty or representation (express or implied) as to the accuracy, completeness or reliability of the information contained in it nor takes any responsibility for it. The information in this presentation has not been and will not be independently verified or audited.

CORETEX

The Coretex merger completed on 30 November 2021. All finanicals include 4 months of Coretex.

NON-GAAP MEASURES​

EROAD has used non-GAAP measures when discussing financial performance in this document. The directors and management believe that these measures provide useful information as they are used internally to evaluate performance of business units, to establish operational goals and to allocate resources. Non-GAAP measures are not prepared in accordance with NZ IFRS (New Zealand International Financial Reporting Standards) and are not uniformly defined, therefore the non-GAAP measures reported in this document may not be comparable with those that other companies report and should not be viewed in solation or considered as a substitute for measures reported by EROAD in accordance with NZ IFRS.

The non-GAAP measures are not subject to audit or review. Definitions can be found in the Glossary on page 43 of this presentation.

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use only

FINANCIAL RESULT REFLECTS INVESTMENT IN CAPABILITES FOR FUTURE GROWTH

$114.9m

REPORTED REVENUE

FY21: $91.6m

reflecting the merger of Coretex and organic growth across all markets

$21.0m

REPORTED EBITDA

FY21: $30.4m

reflecting one-off transaction and integration costs of $7.6m and increased operating expenditure as EROAD invested in capability to build momentum of growth

Over 200,000

CONTRACTED UNITS

FY22: 208,697 FY21: 126,203 reflecting both inorganic and organic growth

personal

SIGNIFICANT PERIOD OF TRANSITION DESPITE CHALLENGING MACROECONOMIC CONDITIONS

$134.6m

AMRR

FY21: $88.4m

reflecting growth in recurring revenues from the Coretex acquistion, along with new units

$55.57

MONTHLY SAAS ARPU

FY21: $58.30

reflecting improvement in selling additional products, offset by a $1.64 negative FX impact and Coretex's historical revenue model of selling hardware upfront

93.4%

EROAD STAND ALONE ASSET RETENTION RATE

FY21: 94.9%

Coretex 4 month asset retention rate was 98.4%

For

WELL POSITIONED TO BUILD GREATER GROWTH MOMENTUM OVER FY23 AND BEYOND

$31.7m

SPENT ON R&D

FY21: $21.3m

focused on improving product market fit and increasing capabilities around enterprise customers

CORETEXCEO

MERGERSUCCESSION PROCESS COMPLETE ​

improving product market fit, enterprise capabilities and increased scale in North America

3

	OUR
only	BOARD
use	•	Sara Gifford, an additional North American director,
	and Selwyn Pellett, former CEO of Coretex both
		joined the Board during the year
	•	Search for an additional North American director
personal		will start soon and expected to complete in next
	6 months
•	Propero review to start in September
For	BOARD STATS
- 2/6 directors female

- 5/6 directors independent - average tenure 3.5 years

1Member of Finance, Risk and Audit Committee.

2Member of Remuneration, Talent and Nomination Committee.

GRAHAM STUART1,2	BARRY EINSIG2	TONY GIBSON1,2
Chairman, Independent Director	Independent Director	Independent Director
Appointed January 2018	Appointed January 2020	Appointed October 2009

SUSAN PATERSON1,2	SARA GIFFORD2	SELWYN PELLETT2
Independent Director	Independent Director	Executive Director
Appointed March 2019	Appointed April 2022	Appointed December 2021

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