Ann: Investor Presentation, page-2

Mix of business is comforting.
"• Minimal exposure to sectors with large downside
risk (Education, Hospitality, Gaming, Retail)
• Care and Government volumes are surging."
Strong cash position of $6 million at least at 31 December with market of $19 million.
Break even in calendar 2019.
Will update on significant changes.
Better than I feared.

However, there is no discussion of cost savings and I am uneasy about "analysing potential for strategic acceleration
opportunities". That sounds like business as usual. Surely management should be preparing for future problems now if economic freeze is extended. New Zealand will provide a guide as they have locked down more rapidly than Australia.

Also there is no guide on whether surging sectors, which had 28% of sales, are offsetting falls elsewhere. Downside sectors listed are only 7%, but gaming not broken out and a lot of other sectors will struggle. It would be useful to have some guide to changes in overall volumes next time.