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Revolutionising Real Estate Asset Management Investor Presentation – November 2018 (ASX: AO1) For personal use only
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Page 1: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Revolutionising Real Estate Asset ManagementInvestor Presentation – November 2018

(ASX: AO1)

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Page 2: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

This document is issued by AssetOwl Ltd (ACN 122 727 342), (“AssetOwl”) to provide summary information about AssetOwl and its who lly owned subs id ia ry, Asse tOwl Techno log ies P ty Ltd (ACN 601 135 282) (“Asse tOwl Techno log ies ”), and the ir ac t ivit ies cur ren t as a t the da te o f th is document . The in fo rmat ion con ta ined in th is document is o f genera l background and does no t purpor t to be comple te . It is in tended on ly fo r those persons to whom it is de live red persona lly by o r on beha lf o f Asse tOwl. By a t tend ing th is p resenta t ion , you represent and war ran t tha t : (i) if you are in Aus t ra lia , you are a person to whom an o ffe r o f secur it ies may be made w ithout a d isc losure document (as de fined in the Corporations Act 2001 (Cth) (“Corpora t ions Ac t ”)) on the bas is tha t you are exempt from the disclosure requirements of Part 6D.2 in accordance with Section 708(8), 708(10) or 708(11) of the Corporations Act; (ii) if you are in the Un ite d States, you are a qualified ins t itu t iona l buyer (as de fine d under Ru le 144A under the U.S. Secur i t ies Ac t ; (iii) if you are ou ts ide Aus t ra lia and the Un ite d Sta te s , you are a person to whom an o ffe r and issue o f secur it ies can be made ou ts ide Aus t ra lia w ithou t reg is t ra t ion , lodgment o r approva l o fa fo rma l d isc losure document o r o ther filing in accordance w ith the laws o f tha t fo re ign ju r isd ic t ion . If you are no t such a person, you are no t en t it led to document th ispresenta t ion . P lease re tu rn th is document and any cop ies and do no t p rovide th is document to any o ther person.

Th is document is no t , and shou ld no t be cons idered as , an o ffe r o r an invita t ion to acqu ire secur it ies in AssetOwl o r Asse tOwl Techno log ies (“AssetOwl Ent it ies ”), o r any o ther financ ia l p roduc ts and ne ither th is document nor any o f it s con ten ts w ill fo rm the bas is o f any con t rac t o r commitment . Th is document is no t a p rospec tus and does no t con ta in a ll o f the in fo rmat ion wh ich wou ld be re qu ired to be d isc losed in a p rospec tus .

In particu lar, th is doe s not constitute an offe r to se ll, or a solicitation of an offe r to buy, securities in the Un ited State s. Securities may no t be o f fe red or sold in the Un ited States un less the securities have been reg is te red under the US Securities Act of 1933 or an exempt ion from registration is availab le .

Informat ion about AssetOwl that may reasonably be expec ted to be known to investors and their professional advise rs is publicly availab le and can be obtained from ASIC and ASX (inc lud ing the ASXwebsite at www.asx.com .au). You are encouraged to re ad and cons ider th is in formation .

Ne ither Asse tOwl Entity nor any of their respec t ive office rs, emp loyees , re la ted bod ies corporate, a ffilia tes, agents or advise rs guarantee s or makes any re p resenta t ions or warranties, express or imp lied , as to, or takes respons ib i l i t y for, the accuracy or re liab ility of the informat ion conta ined in th is document . Ne ithe r AssetOwl Entity re presents or warrants that th is document is comple te or that it con ta ins a ll m ate r ia l in formation about the AssetOwl Entities or wh ich a p rospec t ive investor or purchaser may re qu ire in e va luat ing a poss ib le inves tment in the AssetOwl Entities or acqu isition of AssetOwl securities s. Noth ing con ta ined in th is document nor any in formation made availab le to you is, or shall be re lied upon as, a p romise , re presenta t ion , warranty or guarantee, whether as to the past, p resent or the fu tu re . The AssetOwl Entities have not carried out due d iligence investigations in connect ion with the preparation of th is document . You must conduc t your own independent investigations and enquir ies as you deem fit. The in formation set out in th is document doe s not constitute or purpor t to be a recommendat ion by the AssetOwl Entities nor their respec t ive office rs, emp loyees , agents or advise rs and has be en prepared w ithou t taking in to account the ob jectives, financia l situation or needs of individuals. The in formation in th is document doe s not constitute financia l p roduc t advice (nor investment, taxation or legal advice ).

To the m a xim u m exten t permitted by law, the AssetOwl Entities and each of their respec t ive d irectors, emp loyees , office rs, a ffilia tes, agents and advise rs expressly d iscla im any and a ll liability (inc lud ing w ithou t limitation for neg ligence) for re p resenta t ions or warranties or in re lation to the accuracy or comp le teness of the in formation , statements, o p in ions or matters, express or imp lied , conta ined in , aris ing out of o r derived from , or for omissions from , th is document inc lud ing , without limitation , any h istorica l financia l in formation , any es t imates or p rojections and any other financia l in formation de rived there from . In particu lar, th is document doe s not constitute , and shall not be re lied upon as,a p romise , representa t ion , warranty or guarantee as to the past, present or the fu tu re performance of anAssetOwl Entity.

Th is document con ta ins ce rta in forward-looking statements and op in ion wh ich are p rovide d as a genera l gu ide on ly and shou ld not be re lied on as an ind ication or guarantee of fu tu re per fo rmance and involve known and unknown risks, uncer ta in t ies and o ther factors, m any of wh ich are ou ts ide the contro l of the AssetOwl Entities. Past performance is not necessarily a gu ide to fu tu re performance and no represen ta t ion or warranty is made as to the like lihood of ach ievement or reasonab leness of any forward looking statements or other forecast.Informat ion in th is document (“Confiden t ia l Informat ion”) is con fiden tia l and by accepting the invita tion and attending th is presentation you agree to keep th is in formation con fiden t ia l and not to disclose it to anyone with in your organ isation excep t on a need-to-know basis and sub jec t to these restrictions, or to anyone ou ts ide your organ isation . You must no t copy, use , pub lish , re cord or re p roduce the Confiden t ia l Informat ion or d irectly or ind irectly d isclose to any person w ithou t the p rior written consent of AssetOwl, wh ich may be withhe ld in its abso lu te d iscretion .

All figure s in th is document are in Austra lian dollars (AUD) un less stated otherwise .

Important Notice and DisclaimerF

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AssetOwl prov ides c loud based sof tware serv ices for rea l es ta te assetmanagement to the res ident ia l , re ta i l and government proper ty sectors .

AssetOwl is expanding in to the Res ident ia l Rea l Esta te Asset Management .

Implemented the f i rs t vers ion o f our res ident ia l inspect ion too l , InspectorAsset , wi th Col l ie rs In ternat iona l (WA).

Leverag ing i ts c loud based technology and exper t ise in managing c loud based photograph and v ideo app l ica t ions for remote ly managing inspect ions o f rea les ta te assets .

Develop ing the second vers ion o f our res ident ia l inspect ion too l, cur rent ly Inspector 360 , with indust ry leaders .

AssetOwl has secured key corners tone re la t ionsh ips in bo th the pr iva te and government p roper ty management sec tors – Co l l ie rs (WA) and AC3 as acondu i t to NSW Depar tment o f Hous ing .

Executive Summary

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Page 4: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

● AssetOwl’s Inspector 360 Platform will empower property managers to efficiently capture inspections of properties and collaborate on our cloud - based platform with other stakeholders including property owners and rental tenants.

● Assists property managers by boosting theefficiency and accuracy of the residentialproperty inspection workflow, bringing a paperbased process into the cloud.

Disrupting Residential Property Management

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Page 5: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

AssetOwl – Next Level Property Inspections

Current Challenges for Property Management Agents and Landlords

Dissat is fac t ion f rom land lord c l ien ts fue l led by f rus t ra t ion tha t they cannot see the i r p roper t ies and don’ t t rus t the i r agents in a " tenant pro tec t ing " lega l env i ronment .

Manager s t ress f rom managing conf l ic t , inab i l i ty to charge anyth ing l i ke the t rue economic cost .

Inspect ion repor ts are ex t remely t ime consuming and o f ten requ i re doub le handl ing – 600 areas for comment on typ ica l 3x2 house, 500 - 1000 photos. Can take 3+ hours fo r inspector and aga in for tenant .

Comments are sub jec t ive , confus ing and too s impl is t ic (e .g : good/sat is fac tory /poor cond i t ion) exacerbat ing tenant /agent / land lord conf l ic t .

Repor ts o f ten not accepted in Cour t due to be ing insuf f ic ient ly descr ip t ive and deta i led.

Current repor t ing methods are a net loss to the bus iness when measured t ime agains t income.

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Page 6: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

AssetOwl – Next Level Property Inspections

Current Challenges for Tenants

Huge t ime commi tment . Hundreds o f photos and quest ions to pan through wi th each inspect ion repor t .

Subject ive assessment lead ing to d isagreement and d ispute – what is good / average / bad condi t ion .

No way o f ant ic ipat ing when mov ing in what the issue wi l l be on depar ture .

Needs to be done pr ior to mov ing in when t iming and s t ress areh ighest .

Uncer ta in ty when repa i rs are requested.

Delays and d i f f i cu l t ies in get t ing bond re leased upon mov ing out(bond re turn o f ten needed to f inance new renta l ) .

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Page 7: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

AssetOwl Solution

➢ Old Process: At property: pdf form

completed with many digital photos

(600 questions and 500-1000 photos).

At office: form redone in new format to

conform with requirements.

➢ InspectorAsset: inspection conducted on

mobile app; attaches photos; voice

recognition for description.

App automatically reformats then print and

sign for tenant.

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Page 8: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Introducing AssetOwl - Inspector 360

Inspector 360 : photo cent r ic – comprehens ive v isua l too l v ia 360 degree v i r tua ltour techno logy as base l ine o f proper ty cond i t ion t rue v i r tua l tour .

Vir tua l tour techno logy enables the owner , proper ty manager and tenant tocomple te a walk th rough proper ty inspect ion remote ly v ia the i r PC or mobi ledev ice.

Huge poin t o f d i f fe rence for agenc ies in secur ing land lord c l ien ts and newtenants .

Streaml ined comple t ion o f a compl iant repor t fo r a l l par t ies . Tenants inspect ;comment and s ign dig i ta l ly . Notes and hot spots p inned to panoramas in the app .

Comprehens ive nav igab le photos ass is t in e l iminat ing tenant owner d isagreementand Cour t cha l lenges.

Updated 360 panorama's can be sent to owners when main tenance is car r ied out .Tenants and t radespeople can use ho tspot images to t rack the ent i remaintenance p rocess .

Leverages AssetOwl ex is t ing p la t form and technology.

Introducing AssetOwl – Inspector 360

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Page 9: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Solving Problems Throughout the Value Chain

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User Experience and Workflow

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Page 12: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Lean Development Process

1. Initial MarketValidation

• Complete

2. High FidelityPrototype

• 95% Complete

3. Development

• Nov ’18 start

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4. Full CommercialRelease

• Mar ‘19 • Jun ‘19

5. PremiumVersion (extrafunctionalities)

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Page 13: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Adhesiable Market and Revenue Model

2.6m million residential rental properties in Australia (ABS 2016).- An estimated 1.3m are professionally managed.

There are about 6,500 real estate agencies managing residential properties,averaging 200 properties per agency.

Initial Pricing estimates an average of $35 per property per year with a per use charge.

Approximate Market Size and Growth Targets:

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Page 14: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Go-To-Market Plan

Reach agreement w i th lead ing proper ty inspect ion f i rm wi th s ign i f icant

l oca l market share to prov ide beta s i te and become rese l le r .

Target la rge ear ly adopter agenc ies and outsource inspect ion serv iceprov iders known to AssetOwl Board .

Socia l media market ing d i rec t to Proper ty Managers .

Demand generat ion through promot ion to proper ty owners .

Aim to become a s tandard operat ing p la t fo rm for nat iona l rea l es ta temanagers .

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Page 15: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Directors, founders, management and staff hold c.33% of issued capital

Trading Information (as at 27 November 2018, 2.0 cents/share)

Corporate Snapshot

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ASX Stock Code AO1

Shares quoted on ASX (free float) 73.39m

Unquoted shares (escrowed until 6 Jan 19) 15.99m

Market cap (all shares) $1.79m

Quoted options:

AO1OA (37.5c, 30 June 19) 8.75m

Unquoted options:

22.5c, 31 Mar 19 5m

37.5c, 30 June 19 11m

Top 10 Shareholders Holding % IC

1. Tribis Pty Ltd 16.43m 18.38%

2. Ogee Aust PL 7.14m 7.98%

3. NCKH PL 7.14m 7.98%

4. Indermaur CC + Indermaur 4.01m 4.49%

5. Imprint Inv PL 3.57m 3.99%

6. Chesapeake Cap Ltd 2.70m 3.02%

7. M&K Korkidas Pty Ltd 2.65m 2.96%

8. Brady D J + K E + R F 2.23m 2.50%

9. Melshare Nominees Pty Ltd 2.10m 2.35%

10. Catherine Argall 2.08m 2.33%

Top 10 total 55.99%

Top 40 total 76.62%

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Page 16: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Board and Management

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Page 17: (ASX: AO1) Revolutionising For personal use only · 601 135 282) (“Asse tOwl Technologies”), and their activities current as at the date of this document. The information contained

Simon TrevisanNon -Executive Chairman

+61 8 9424 [email protected]

Bruce McCrackenExecutive Director

+61 8 9424 [email protected]

Tim DohrmannInvestor and Media Enquiries

+61 468 420 [email protected]

Contact

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