Norwood : Shareholder Update Presentation

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Shareholder Update Presentation

Paul Ostergaard, CEO and Founder 21 February 2022

Disclaimer

This presentation has been prepared Norwood Systems Ltd (the "Company"). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the onlyinformation, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation,

nor as to the attainability of any estimates, forecasts or projections set out in this presentation.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so).

Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act

2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision useunder any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded.

Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

F ture matters

This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company.

Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

Given the risks and uncertainties that may cause the Company's actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

US Disclosure

This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any "US person" as defined in Regulation S under the US Securities Act of 1993 ("Securities Act"). The Company's shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or

other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including	2
an exemption for qualified institutional buyers.
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Norwood's business

What we do?

Norwood Systems Ltd is revolutionizing mobile voice, messaging, data and cyber security services through its pioneering award- winning virtual mobile services platforms and associated Apps.

Norwood's flagship product is World Voicemail, which harnesses cutting edge software capabilities to facilitate an easier way for
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customers to interact with their voicemail, in a consistent manner across Android and iOS. The Company's products and services are
targeted at a broad spectrum of prospective customers from individuals through to telcos, large enterprises and government agencies.
Norwood has delivered services to more than 6 million customers since launching its platform in mid-2014, servicing people in 100+
countries & territories and thousands of cities worldwide. Norwood Systems listed on the ASX in June 2015 and trades with the stock
ticker NOR.
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Our value potential
During CY2021 Norwood continued to grow revenue for our existing voicemail offerings, both for our own online service (steady 30%
yr-on-yr revenue growth on the iOS App Store) and from our existing major telco voicemail client (secured purchase orders this past
year for more than $700,000 annually). In tandem with this, we are prudently reducing our operating expenses and subsequently
improving our cashflow.
Norwood has significant latent potential for increased growth following the recent release of World Voicemail Version 4.0, an enhanced
update to its current flagship offering for telcos and consumers. Additionally, Norwood is progressing several other highly promising
and innovative initiatives, including Aïda, its new third-party intelligent virtual assistant.	3
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Norwood's business

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"Cloud-native" innovative mobile services

NEW: Aïda, Norwood's novel third-party intelligent assistant, being made ready for beta trials with telco operators - delivering huge value to Telcos in the form of new monetizable services

A scalable SaaS business model

Comms as a Service (CaaS) revenue model, requiring minimal

CAPEX and OPEX to scale. Typical ARR per operator > $0.5m, potentially ranging up to tens of millions of dollars for larger telcos

First-mover:"Third-party" Intelligent Agent - Aïda

NEW: Aïda, an intelligent virtual assistant, revolutionises inbound call completion for telco service providers - delivering an amazing

and seamless user experience

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Norwood's focus: Delivering monetisable mobile services

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Proven developer of telco-grade Mobile Services that support millions of users

Deep intellectual property "moat"

World Voicemail platform gaining increasing traction with carriers and partners

Newly announced Aïda platform getting considerable attention from the telco market, at the most senior decision-maker levels

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