Interim results presentation

September 2021

STRICTLY CONFIDENTIAL

2021 H1 results

Financial highlights:

⚫ Adjusted revenues:

£4.9m

(£3.9m H120*, 28% growth)

⚫ Loss before tax:

£5.2m

(£5.5m H120)

⚫ Cash as at 31 August 2020:

£9.0m

Commentary

  • Playstack revenues grew 78% over H120
  • Both Oxygen and Vertus will record their first cash generative months in 2021
  • Satago's trial with Tier-1 Bank was extended during June 2021 - due to conclude in 2021

* Excluding DFC interest payment of £325,000

STRICTLY CONFIDENTIAL

1

Oxygen: Pivotal moment in the company's history

Highlights

  • Oxygen will post its first cash flow positive month during 2021
  • 90% of UK transactional revenue over the next 5 years is expected to be contributed by existing clients

£200k

Oxygen quarterly EBITDA

25

Oxygen early payment growth

900

£0k

Aug-21: Contracted

800

Five quarters of

20

procurement spend of

700

positive EBITDA

£22.5bn

-£200k

600

-£400k

15

500

-£600k

10

Q2-21: £645m of

400

annualised

300

-£800k

transaction spend

5

200

-£1,000k

100

-£1,200k

18

19

20

0

0

18

18

18

19

19

19

20

20

20

21

21

Dec-15Dec-16Dec-17Dec-18

Dec-19Dec-20Aug-21

Q1-

Q2-

Q3-

Q4-

Q1-

Q2-

Q3-

Q4-

Q1-

Q2-

Q3-

Q4-

Q1-

Q2-

STRICTLY CONFIDENTIAL

2

Satago has been focused on partnerships during 2021

Highlights

Satago software performance

⚫ Commercial pilot extended

£700k

5,000

with Tier-1 Bank

£600k

4,500

4,000

⚫ In discussions with other

£500k

3,500

potential partners

£400k

3,000

⚫ Subscriber numbers

2,500

£300k

2,000

expected to grow

£200k

1,500

meaningfully

£100k

1,000

500

£0k

0

Annualised revenue (£k)

Subscribers (#)

STRICTLY CONFIDENTIAL

3

Playstack building upon 2020 success

Highlights

  • Mortal Shell continues to perform well and remains a key pillar for the business
  • Brand technology launching in Q4 2021 with extensive competitive feature-set
  • During September, secured two further distribution deals with global technology partners
  • Portfolio of new games building for release in 2022

STRICTLY CONFIDENTIAL

4

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Disclaimer

TruFin plc published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:31:06 UTC.