Announcement PDF FY23 Results 30 AUGUST 2023 AI-Media Technologies Limited (ASX: AIM) “ AI-Media has successfully deployed the latest AI technologies to solidify ourselves as leaders in the live captioning industry. As the only vertically integrated player, we are uniquely positioned to lead and scale the global captioning market FY23 has seen several key milestones for the business. We are particularly delighted to announce substantial growth in technology revenues, margin expansion as a result and a 200% increase in EBITDA. - Tony Abrahams, Co-Founder, CEO ” Tony Abrahams Co-founder, CEO & Shareholder (~15%) John Bird Chief Financial Officer 2 AI-Media at a glance AI-Media is the leading captioning, transcription and translation provider globally, with over 9 million minutes a month1 captured on its iCap platform Best-in-class technology, providing the only end-to-end captioning solution in market, from encrypting source data to encoding, captioning, transcription and translation Continued focus on business model transition towards high margin technology revenue (GPM: >80%), overall uplift in FY23 gross profit margin to 60% (FY22: 55%) and 54% of FY23 gross profit now derived from technology Achieved >200% growth in FY23 EBITDA to $3.3m, driven by 33% growth in high margin tech revenue ($24.0m), representing 39% of total FY23 revenue ($61.8m) Executing on growth priorities, including growing the iCap network, and driving technology revenue underpinned by enhanced solutions (LEXI 3.0) and scaling global presence Note: A$ unless otherwise stated 1. Based on management information 3 FY23 Key highlights Total revenue1 Tech revenue2 LEXI revenue Monthly LEXI minutes3 $61.8m $24.0m $7.8m >3.4m up $2.0m (FY22: $59.8m) up 33% (FY22: $18.0m) up 45% (FY22: $5.4m) up 44% (FY22: 2.4m) Total GPM Tech gross profit Total EBITDA Cash balance4 60% $20.2m $3.3m $17.0m up from 55% (FY23 GP: $36.9m) up 30% (FY22: $15.5m) up >200% (FY22: $1.1m) up $1.8m (FY23 Op. CF: $3.5m) 1. 2. 3. 4. FY23 and FY22 revenue from ordinary activities, excludes interest and other income Includes revenue from Hardware, SaaS & Support Based on management information Cash balance as at 30 June 2023 4 Celebrating 20 years leading and scaling the global captioning market An integrated product suite Our refreshed branding captures our passion for innovation, our commitment to pushing the boundaries of technology, and our unwavering focus on creating value for our customers. Milestone achievements ✓ Delivered more captioning in 1 month than in the first 5 years of trading ✓ Successfully integrated 4 strategic acquisitions, diversifying our offerings and strengthening our market position ✓ Transitioned into a competitive technology platform, growing product suite and entering new industries / regions 5 1 Agenda AI-Media update 2 3 FY23 financials Strategy & outlook 4 Additional information 6 AI-Media update 7 AI-Media ecosystem Market-leading captioning platform, providing customers with the only end-to-end solution 1 2 3 4 Video Input Encrypted Encoding Real-time Captioning Captioned Video Output Encoders and iCap network used by both customers and competitors Live or recorded video source via broadcasts, events or over-the-top (OTT) content Cloud, virtual, or physical encoders convert audio into digital data that is sent to iCap network Matches captions to video sources and provides encrypted remote access to customer data improving contextual accuracy LEXI converts spoken language into written text to present live captions on any screen or platform, in any language 8 Blue chip customers and new wins Trusted by global leaders in broadcasting, government and other sectors, with upside potential in existing customer base Select global customers $7.8 million in LEXI sales, including from: 9 Network traffic and LEXI growing strongly Increasing iCap usage (minutes) underpinning conversion opportunity to higher margin LEXI solutions iCap network usage (monthly minutes) +21% LEXI usage (monthly minutes) 9.1m +44% 3.4m 7.6m 2.4m 6.1m 1.0m Jun-21 Jun-22 Note: Based on management information Jun-23 Jun-21 Jun-22 Jun-23 10 Technology update Strengthening our defensive moat by incorporating the latest advancements in AI and other emerging technologies Increased accuracy UX/UI EEG cloud update Advanced scheduling Agnostic AI compatibility Upgraded encryption & Multi-factor authentication Integrated LEXI product suite Improved management and processing of ancillary data Enhanced software development kit for 3rd Party partners Smart repositioning to avoid on-screen interference Encoding enhancements iCap enhancements LEXI enhancements Note: Based on management information 11 FY23 financials 12 Summary FY23 financials Technology focus underpins GP growth and margin expansion driving 200% increase in EBITDA and strong operating cashflow A$m FY23 FY22 Variance Growth % Services revenue Tech revenue Total revenue 37.8 24.0 61.8 41.8 18.0 59.8 (4.0) 6.0 2.0 (10%) 33% 3% Services gross profit Tech gross profit Gross Profit GP margin % 16.7 20.2 36.9 60% 17.4 15.5 32.9 55% (0.7) 4.7 4.0 - (4%) 30% 12% - Other Income 0.5 0.3 0.1 - Operating expenses EBITDA EBITDA margin % 34.0 3.3 5% 32.1 1.1 2% 1.9 2.2 - 6% 201% - Operating cashflow Cash and cash equivalents at Y/E 3.5 1.9 1.6 84% 17.0 15.2 1.8 12% Note: Totals may not add up precisely due to rounding Double-digit growth in technology revenue of 33%, underpinned by scaling of LEXI solutions. >54% of Gross Profit now coming from technology Gross Margin expansion to 60% achieved in FY23 Improving operating leverage as technology comprises more of total revenue EBITDA increase of >200% to $3.3m in FY23 Cash on hand of $17m as at 30 June 2023, enabling Balance Sheet flexibility to execute on growth 13 Gross profit composition and margin growth FY23 gross profit margin increasing from 55% in FY22 to 60% in FY23 Gross Profit ($m) and GP margin (%) Revenue and Gross Profit ($m) Total revenue Tech Gross profit Services 59.8 GPM increase reflects scalability of technology 61.8 60% 55% 48.7 32.9 32.9 FY22 15.5 20.2 17.4 16.7 FY22 FY23 36.9 19.9 FY21 36.9 FY23 14 EBITDA performance up 200% >200% growth in EBITDA to $3.3m reflecting higher margin technology revenue and strategic OPEX investment EBITDA ($m) and EBITDA margin1 (%) 5% 2% FY22 to FY23 EBITDA bridge ($m) Strategic OPEX investment, including targeted sales and marketing initiatives 3.3 1.1 Overall gross margin improvement to 60% 2.0 (1.9) 0.1 3.3 2.0 1.1 (9.3) FY21 FY22 (19%) 1. FY23 FY22 Change in revenue Change in COS FY21 EBITDA excludes revenue contribution made from EEG acquisition between May 2021 and June 2021 Change in OPEX Change in other income FY23 15 Strategy & outlook 16 FY24 growth priorities Continued focus on enhancing technology solutions to drive a sustainable and scalable business model Leverage recent product releases (LEXI 3.0 and LEXI Toolkit) to drive growth. Accelerate conversion of 3rd party iCap users to LEXI & upsell base Prioritise iCap and encoding technology development to broaden revenue opportunity and drive customer stickiness Transition of revenue composition and GP margin 60% 55% 41% 6% 30% Scale global presence through new strategic partnerships and leveraging successful track record $48.7m 39% $59.8m $61.8m 61% 70% 94% Execute on growth opportunities in new territories and adjacent markets FY21 FY22 Tech FY23 Services 17 Launching AI-powered LEXI Toolkit Enhancement of automatic captioning solutions to accelerate growth in technology revenue Commercialisation benefits P Larger addressable market P Superior value proposition P Forefront of market trends P AI advancements P Diversified and enhanced product offering expanding the customer base and creating new opportunities for growth Enhanced functionality and increased number of solutions maximises end-user experience, increasing customer retention LEXI enhancements indicate AI-Media at the centre of new technology age, fostering culture of innovation and adaptability Leveraging ML and AI automations maintaining competitive edge over peers 18 Upgrading and investing in iCap iCap development to facilitate (minutes) growth with customer value front of mind Targeted improvements in iCap Enhanced reliability at scale Stronger privacy & security Increased accuracy More automation Customer uptime results of 99.99% Encrypt connections and enable Multi-factor authentication requirements Deliver higher bandwidth audio for increased clarity and higher word accuracy Robust logging & monitoring with configurable alerts for access and advanced notice of downtime 19 Industry landscape Unique position as the only vertically integrated player in market – creating a compelling long-term value proposition Core business in captioning services Media & broadcast services Company Pre-recorded Captions ✓ ✓ ✓ ✓ ✓ ✓  Live Automated Captions ✓ ✓ ✓ ✓ ✓ ✓  Human Curated Dictionaries (ASR) ✓ ✓ ✓  ✓ ✓  Live Automated Translation ✓ ✓ ✓ ✓ ✓ ✓  Captioning Network Provider ✓   (Uses AIM iCap)   (Uses AIM iCap)  ✓ Captioning Infrastructure Provider ✓ ✓ ✓   (Uses AIM encoders) (Uses AIM encoders)  (Uses AIM iCap)  (Uses AIM encoders) Market-leading captioning network and best-in-class encoding technology driving long-term sustainability, deeply embedded across the industry Source: Based on company websites 20 Q&A 21 Additional information 22 Profit & loss statement For the full year ended 30 June 2023 30-Jun-23 ($m) 30-Jun-22 ($m) Var ($m) Revenue 61.8 59.8 2.0 Cost of sales (24.9) (26.9) 2.0 Gross Profit 36.9 32.9 4.0 Other income 0.5 0.3 0.1 Operating expenses (34.0) (32.1) (1.9) EBITDA 3.3 1.1 2.2 Depreciation and amortisation (4.9) (4.5) (0.4) EBIT (1.6) (3.4) 1.8 Net interest expense (0.7) (1.3) 0.5 Profit/(loss) before tax (2.3) (4.7) 2.3 Income tax expense (1.7) (0.2) (1.5) Net profit/(loss) after tax (4.0) (4.9) 0.8 GP Margin % 60% 55% - Note: Totals may not add up precisely due to rounding 23 Balance sheet For the full year ended 30 June 2023 30-Jun-23 ($m) 30-Jun-22 ($m) Var ($m) Cash and cash equivalent 17.0 15.2 1.8 Trade receivables 10.5 11.2 (0.7) Other current assets 3.4 3.5 (0.1) Total current assets 31.0 30.0 1.0 Property, plant and equipment 4.5 4.8 (0.3) Intangibles 59.3 60.3 (1.0) Other non-current assets 6.0 7.5 (1.5) Total non-current assets 69.8 72.7 (2.9) Total assets 100.8 102.6 (1.8) Trade payables 0.9 1.8 (0.9) Borrowings 0.2 0.4 (0.2) 1 19.3 11.3 8.0 Total current liabilities 20.6 13.5 7.1 Borrowings 0.2 0.3 (0.2) Other non-current liabilities1 3.0 9.8 (6.8) Total non-current liabilities 3.1 10.2 (7.0) Total liabilities 23.7 23.7 0.0 Net assets 77.1 79.0 (1.9) Equity 77.1 79.0 (1.9) Other current liabilities Note: Totals may not add up precisely due to rounding 1. USD 4,968,000 (AUD 7,493,213) earn-out payment for the purchase of EEG is due on 29 September 2023 24 30-Jun-23 ($m) 30-Jun-22 ($m) Var ($m) Receipts from customers (incl. of GST) 67.0 63.6 3.4 Payments to suppliers and employees (incl. of GST) (63.6) (59.8) (3.8) EEG associated acq. costs - (1.6) 1.6 Interest received 0.1 0.0 0.0 Other revenue 0.5 0.0 0.4 Interest and other finance costs paid (0.4) (0.3) (0.1) Cash flows Net cash from operating activities 3.5 1.9 1.6 Payments for expenses relating to acquisitions (0.4) (0.2) (0.1) For the full year ended 30 June 2023 Payments for property, plant and equipment (0.6) (0.5) (0.1) Payment for intangibles (0.7) (2.0) 1.3 Net cash used in investing activities (1.6) (2.7) 1.1 Share issue transaction costs - (0.0) 0.0 Payments for share buy-backs - (1.2) 1.2 Repayments of related party loans - (0.3) 0.3 Repayment of lease liabilities (0.3) (0.8) 0.5 Net cash used in financing activities (0.3) (2.3) 2.0 Net increase/(decrease) in cash and cash equivalents 1.5 (3.2) 4.7 Note: Totals may not add up precisely due to rounding 25 Management Strong and qualified management team to drive product development and commercialisation strategy TONY ABRAHAMS DONNA REID JAMES WARD BILL MCLAUGHLIN JOHN BIRD Co-Founder and CEO Chief Operating Officer Chief Sales Officer Chief Product Officer Chief Financial Officer • Tony co-founded AIMedia in 2003. He served as a Director of Northcott Disability Services. • Donna joined AI-Media in March 2021 after five years as the Director of Content Service Operations for Foxtel Media. • James joined AI-Media in 2013, leading the company’s expansion across the APAC region • Bill was CTO at EEG and now Chief Product Officer globally at AIMedia. • John recently held the role of CFO and COO of Regeneus, an ASXlisted biotechnology company. • Worked to establish the Oxford Internet Institute in 2001, while attending the University of Oxford as a Rhodes Scholar. • Has more than 20 years’ experience in Human Resources and Operations. • • Has led the Company’s successful entry into EMEA, achieving growth in access services and multilanguage localisation Since 2007, Bill has been with EEG architecting the company’s leading software solutions including iCap, Falcon, LEXI, and Alta. • Previously provided financial and strategic management services to ASX-listed companies. 26 Board Highly skilled and experienced senior leadership team with decades of experience DEANNE WEIR TONY ABRAHAMS ALISON LOAT JOHN MARTIN CHERYL HAYMAN Non-Executive Chair Co-Founder and CEO Non-Executive Director Non-Executive Director Non-Executive Director • Deanne has served as a director of AI-Media since 2010 and became Chair in August 2013. • Tony co-founded AIMedia in 2003. He served as a Director of Northcott Disability Services. • Alison joined the Board in 2018. • John joined the board in 2010 and served as the company’s first Chairman until 2013. • Cheryl joined the board in March 2022 • Previously spent 10 years at ASX listed company Austar United Communications as a senior executive. • Worked to establish the Oxford Internet Institute in 2001, while attending the University of Oxford as a Rhodes Scholar. • Managing Director, Sustainable Investing and Innovation at OPTrust, a Canadian public pension plan, with $23 billion CAD in globally diversified investments. • Served as CEO and director of ASX-listed Babcock & Brown Communities, Primelife and Regeneus. • Held several nonexecutive director roles of ASX-listed companies over the last 15 years. Previously held CMO roles at George Weston Foods, Yum Restaurants International & Unilever. 27 Leveraging AI advancements Technology solutions bolstered by advancements in AI Refining LEXI through upgraded GPT and language processing models enhancing accuracy and improving customer experience Automatic captioning lowers manual transcription costs, providing quicker captioning turnaround and broader efficiency Rising corporate awareness of AI and urgent adoption trends driving steady growth in LEXI usage Cloud Platform Enhancing AV experiences through LEXI vision by repositioning captions from broadcast imagery, avoiding on-screen disruptions for an immersive UX Expanding use cases for ASR solutions with the proliferation of free captioning provided by big tech (Google, Microsoft) 28 Leading capability Globally embedded iCap network and AI-underpinned product suite uniquely positions for growth World leading captioning network, infrastructure and solutions ✓ Offered as cloud software or hardware ✓ Scalable cloud-based network ✓ Proprietary speech recognition solution ✓ Pairs captions to video sources ✓ Encrypted connection ensuring data security ✓ Low latency, enabling near-realtime captioning ✓ Global standard, servicing majority of US broadcasters ✓ Delivers coherent captions using advanced ML and NLP algorithms ✓ Compatible with multiple resolutions ✓ Integrated with AIM and leading 3rd party products & solutions ✓ Captions multiple languages ✓ Enterprise-grade accuracy of 98.7% 29 Rapid increases in automatic captioning quality Massive improvements in AI has delivered the fastest improvement in captioning quality to date Bad quality Good quality 98.2 LEXI 2.0 98 98.7 The amount of content capable of being delivered with LEXI has risen from 60% to +90% LEXI 3.0 99 100 NER1 Quality Score 1. NER Model measures the accuracy of live captioning and is widely used across various industries, services and regions. The 98% benchmark is used by regulatory oversight authorities around the world, including The Office of Communications in the UK and the Canadian Radio-television and Telecommunications Commission. 30 Disclaimer This presentation (Presentation) contains summary information about AI-Media Technologies Limited and its subsidiaries (the Company or AI-Media) based on information as at 28 August 2023. By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out below. Summary information: This Presentation has been prepared for information purposes only and is a summary only. It should be read in conjunction with AI-Media’s most recent financial report and other periodic and continuous disclosure information lodged with the Australian Securities Exchange (ASX), which is available at www.asx.com.au. Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, the Company does not have any obligation to correct or update the content of this Presentation. Not financial product advice: This Presentation does not, and does not purport to, contain all information necessary to make an investment decision, is not intended as investment or financial advice (nor tax, accounting or legal advice) and must not be relied upon as such. This Presentation does not take into account the investment objectives, financial situation or needs of any particular investor. Investors are encouraged to seek independent professional advice when deciding if an investment in the Company is appropriate. The Company is not licensed to provide financial product advice in respect of its own securities. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law (or any other law). It is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. Investment risk and past performance: An investment in AI-Media shares is subject to known and unknown risks, some of which are beyond the control of the Company and its directors. The Company does not guarantee any particular rate of return or the performance of AI-Media. Past performance is not, and should not be relied on as being, indicative of future performance. 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There may be other factors that could cause actual results or events not to be as anticipated, and may events are beyond the reasonable control of the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this Presentation are only made as at the date of this Presentation and the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in assumptions on which any such statement is based. Industry data and third party information: Industry data and third party information used in this Presentation may have been obtained from research, surveys, reports or studies conducted by third parties, including industry or general publications. Neither AI-Media nor its representatives have independently verified any such market or industry data. Financial information: This Presentation contains historical financial information based on the Company’s results for the 12 month period ending 30 June 2023 and prior comparative periods. All financial information disclosed in this Presentation is presented in Australian dollars unless otherwise noted. Any discrepancies between totals and sums of components in tables and figures contained in this Presentation are due to rounding. Disclaimer: To the maximum extent permitted by law, AI-Media and its officers, directors, employees, agents and advisers: (1) disclaim all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any loss arising from this Presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation; (2) disclaim any obligation or undertaking to release any update or revision to the information in this Presentation to reflect any change in expectations or assumptions; and (3) do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness of the information in this Presentation or that this Presentation contains all material information about AI-Media or that a prospectus investor or purchaser may require in evaluating a possible investment in AI-Media or acquisition of shares, or the likelihood of fulfilment of any forward-looking statement. 31 Further Information: AI-Media Technologies Lisa Jones Company Secretary investorrelations@AI-Media.tv NWR Communications Melanie Singh Investor Relations melanie@nwrcommunications.com.au 32