Urbanise.com Annual Report 2019

3 Dear Shareholder, I am pleased to provide this Annual Report of your Company’s performance in FY19. Having completed my second year at Urbanise and my first six months as the CEO, I am pleased to announce our strong financial results. Our revenue is up 48% to $8.1m, and costs down by 63%. This has resulted in an EBITDA improvement of 86%. We have focused on maximising cash flow, customer growth and cost management. Urbanise Facilities Urbanise Facilities Management Platform is a cloud (SaaS) system that helps property owners, tenants, and facilities managers manage budgets, planned work, and reactive work, with mobile applications for trade staff and deep analytics for managers. The Facilities cloud platform has been going from strength to strength. We are experiencing rapid customer growth across all our markets. We are quickly becoming the dominant player in the markets that we operate in and look forward to improving our position over the coming years. The Facilities business grew 180% during the year, driven by additional contracted customers and growth in professional services fees. We had new customers signup in South Africa, the Middle East, Australia and South East Asia with some Tier 1 companies choosing our platform. We look forward to converting our current contract revenue and achieving strong results over the coming 12 months. Urbanise Strata The Urbanise strata platform is a cloud (SaaS) system that manages all aspects of strata management, from financial accounting, communication, levy generation and community engagement. The strata cloud platform has continued to show strong growth. We grew the revenue by 14% during the year, driven by increased recurring licence revenue. The number of billable strata lots increased from ~ 212,000 to ~ 300,000 with an additional ~ 290,000 contracted lots to be migrated. Once all our contracted lots are migrated, we expect to be the dominant strata cloud platform in our markets. The Future We are investing in more sales and implementation staff as we work to convert our contracted backlog to active revenue contributing customers. These investments will support our objective of building a high-quality recurring revenue base. Over the coming 12 to 18 months we will maintain our current strong market position by continuing to invest in our core products, innovate and improve our service offerings. Saurabh Jain Chief Executive Officer Chief Executive Officer’s Report