Tesserent : Investor Update

onlyuse ersonalF bruary 2022

Half Year 2022 Investor Update

Tesserent Limited (ASX:TNT)

ersonal use only

Our mission is to be the sovereign

cybersecurity provider of choice for the protection of Australia and New Zealand's digital assets.

Half Year 2022 Results

only
		Growth
			+72%
			Turnover
use			vs H1 FY20
		EBITDA to
		operating cash
ersonal			conversion of
		105%1
	1 for H1 FY22 excluding interest service on acquisition debt
	3

Operational

EBITDA $4.6M

for the half year in FY22

up 161% on PCP

Completed 3

acquisitions

announced at time

of capital raise

Organic earnings growth of 36%

for H1 FY22

$200M

Turnover Run-rate

ambition at 30 June 2022

Half Year 2022 Investor Update

ersonal use only

Turnover and EBITDA H1 FY22

+72%

• Strong growth in the underlying business in the

+161%		second quarter, with year-
		on-year growth of 72%
		against PCP.

• Overall growth is made up of both organic growth and turnover growth from acquisitions.
• See further detail on organic growth next slide.

4	Half Year 2022 Investor Update

Organic Growth 36% 1H FY22 vs PCP

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	First half FY22 (vs. PCP)
			Organic growth	+36%
			+ Acquisitions	+79%
			Total Growth	+116%
use
			+36%
ersonal
	5

• We are extremely pleased with cross-sell opportunities that are expanding our opportunity in key clients that add to organic growth.
• Growth in EBITDAC (earnings before corporate costs) was 101% for the current quarter and 116% for H1 FY22 vs. prior year comparative period.
• Impact of current year acquisitions includes contribution from Loop Secure only (i.e. no material impact from Claricent and Pearson which were completed in latter half of Dec-21)

Half Year 2022 Investor Update