Ann: K2F Quarterly Activities Report and Appendix 4C, page-2

Highlights

• Net operating cash flow was positive ($1.7m) in the June quarter, a function of strong sales and
ongoing business improvement initiatives.
• Record Annual Recurring Revenue, Invoices Raised and Cash Receipts from Customers in the
June quarter and for the full year FY2022 on the back of continued contract wins, confirming the
Company’s growth strategy and growing track record
• Cash Receipts from Customers; $5.4m in Q4 FY2022, up 200% from Q3 and 170% compared to
Q4 FY2021; full year FY2022 up 77% on FY2021
• Record quarterly Invoices Raised; $3.8m in Q4 FY2022, up 15% from Q3 and 46% compared to
Q4 FY2021
• Annual Recurring Revenue (ARR)2 of $6.0m in Q4 FY2022, 76% higher than in Q4 FY2021
• Total Contract Value (TCV)2 of $17.8m in Q4 FY2022, 80% higher than Q4 FY2021 (TCV is the
remaining value of current contracts)
• Contracts: material contract signed during the quarter with BHP Iron Ore (TCV $2.12m / ARR
$620k) and new non-material contracts: additional services agreement with Rio Tinto (purchase
order $423k) and Asarco (subsidiary of Grupo Mexico) signs 3-year Tailings monitoring contract
for $145k ARR $468k TCV
• Maptek strategic investment in K2fly (largest global private mining software group) as part of
placement; Maptek’s Chairman Peter Johnson appointed to K2fly’s Board as Non-Executive
Director. Maptek accounted for $4.05m of the overall $6.2m placement, becoming a 13.2%
shareholder in K2fly
• Capital raising (placement) of $6.2m before costs to Maptek, existing institutional investors, key
K2fly executives and existing sophisticated investors in April 2022. The placement shares were
issued in a single tranche at a 4.1% premium to the 15-day VWAP
• Cash balance on 30 June 2022 was $8.3m (no debt); includes placement proceeds