First client Veterans Affairs (VA) administration made a public announcement about the transaction in June 2021 on the government website Sam.gov. Contract award is imminent ▪ Contract expected to start with 25k vets (A$590k ARR to TTB) ▪ Final contract is expected to have operational pathways and preapproved budget for significant scaling of the user population for hundreds of thousands veterans ▪ This single transaction can generate a multiple of the current ARR base of TTB (A$15.6M ARR cap for TTB) ▪ Significant opportunity to scale to other government agencies (~25 opportunities in joint IBM / TTB pipeline)
▪ A$7.6m in additional receipts in CY2021 based on known inflows from contracts signed and in process, including Hamptons Life, AARP, IBM, Eastman, etc.