Urbanise.com Annual Report 2019

12 Annual Report 2019 Urbanise.com Limited FY19 Highlights – Financial Urbanise achieved significant revenue growth of 48% and delivered an 86% improvement to EBITDA Total Sale Revenue $ 8.1 m FY18: $5.4m 48% Driven by new contract wins Recurring Sales Revenue* $ 6.0 m FY18: $3.7m 64% High percentage recurring revenue base Total costs** $ 12.8 m FY18: $34.3m 63% Extensive expense reduction, lower depreciation/amortisation and no impairment EBITDA after impairment*** $ ( 3.5 ) m FY18: $(25.1)m 86% Significant improvement over FY18 Average Monthly Cash Used**** $ 273 k FY18: $810k 66% Improved net working capital and cost reductions Closing Cash $ 3.7 m FY18: $3.1m 21% Positive net cash with no debt. Includes net proceeds from capital raised of $3.8m * Excluding Devices business disposed in FY18 and residual sales in FY19. Total sales from Devices business in FY19 was $77k (FY18: $371k) ** Includes Expenses, Depreciation & Amortisation and Impairment *** Reconciliation ($000s) FY18 FY19 Reported net loss after tax (27,560) (4,755) Add depreciation and amortisation 2,427 1,221 EBITDA loss after impairment (25,133) (3,534) **** Includes development costs and excludes cash flows from disposed Devices business