INVESTOR UPDATE JUNE 2020

Just got this


nearmap
INVESTOR UPDATE
JUNE 2020


LETTER FROM THE CEO
Dear Investor,

We’re highlighting several developments since our last update, including:

• Annualised Contract Value (ACV) continues to grow and now exceeds $102m
• Launch of commercially available Artificial Intelligence (AI) content, Nearmap AI
• Partnership with Eagle Technology in New Zealand
• Landscapism, a short film featuring Nearmap imagery

The last few months have been unprecedented in many ways. At Nearmap, we’ve been focusing on ensuring our people have been able to make a seamless transition to remote working, so that we can effectively support our customers during this time. Today’s update reflects the focus we have maintained on our business, by confirming ACV growth, commercially launching Nearmap AI and signing a partnership agreement with Eagle Technology in New Zealand. I’m proud of the performance of our people and our business during this time as we continue to demonstrate leadership in the global location intelligence market, driving sustainable long term returns for our shareholders.

Rob Newman
CEO and Managing Director