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Smart Parking Limited (ASX:SPZ)

H1 FY22 Results

21 February 2022

CEO Paul Gillespie

smartparking.com

Smart Parking Ltd (ASX:SPZ)

A global company focused on delivering industry leading technology innovations and solutions within the parking industry

ersonal use only

Parking management services

Provision of parking management solutions, predominantly servicing the retail sector, managing agents and land owners in the UK. SPZ has recently launched in three new territories, with accreditation achieved in NZ, Australia (Queensland) and Germany to run parking management services.

Technology

The sale of Smart City and IoT (Internet of Things) technology, hardware and software predominantly for parking solutions around the world.

Research & development

We develop proprietary solutions to enhance Smart City, IoT and ANPR software/hardware for both the Technology and Parking Management divisions.

Revenue ($000s)

9,003

8,288

7,222

5,129

5,055

3,265

Q1

Q2

Q3

Q4

Q1

Q2

FY2021

FY2022

OVER 11 MILLION CARS PER

OVER 31m SMARTCLOUD

OVER 600 CUSTOMERS

SALES AND OPERATIONS

MONTH THROUGH UK ESTATE

TRANSACTIONS PER DAY

WORLDWIDE

AROUND THE GLOBE

H1 FY22 Results Presentation | smartparking.com | PAGE 2

Disciplined execution of growth strategy drives results

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Sites Managed

3x growth in 4 years

737

619

496

389

286

FY18

FY19

FY20

FY21

31 Dec 2021

Operating territories

Managed services successfully expanding overseas

4

3

2

1

1

1

FY18

FY19

FY20

FY21

H1 FY22

H2 FY22

UK PBNs

Strong recovery post pandemic

264,248

204,910

187,309

196,942

152,111

H1 FY18

H1 FY19

H1 FY20

H1 FY21

H1 FY22

Car count ($000s)

Scaleable technology

68,119

48,475

50,368

36,766

H1 FY19

H1 FY20

H1 FY21

H1 FY22

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737 Total sites

up 19%

*As at 31 Dec 2021 compared to 30 June 2021

Cash of

$11.3m

*At 31 Dec 2021 (excludes customers' cash)

H1 FY22

Revenue of

Adjusted EBITDA

$17.3m up

$5.1m up

70%

264%

*Compared to PCP

*Compared to PCP

Growth in UK parking

1,500

breach notices up

74%

New global sites target

by June 2025

*H1 FY22 compared to PCP

*772 sites at 18 February

H1 FY22 Results Presentation | smartparking.com | PAGE 4

H1 FY22 business update

| Record results, expanding market opportunities to accelerate growth.

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FINANCIAL

  • Record results, ahead of guidance - Revenue $17.3m (guidance $16.4m-$16.9m) and EBITDA $5.1m (guidance $4.4m - $4.7m).
  • Strong start to the financial year with revenue growth of 70%, Adjusted EBITDA margin of 30% (+1,580bp expansion from PCP) and an increase
    in addressable markets (ANZ, EU).

EXPANSION

  • UK Parking Services business experiencing rapid growth through disciplined execution of growth strategy.
  • Completed integration of Enterprise Parking Solutions in H1 - earnings accretive.
  • 737 total group sites under management as at 31 December. Good start to H2 with 772 sites as at 18 February - on track for 1,500 sites under management by June 2025.
  • NZ Parking Services business continues to grow, with 13 sites under management, now EBITDA and operating cash flow positive.
  • Successful launch of Australian services business. 8 sites under management & expected to be EBITDA profitable in H2.
  • Successful launch of German operations, significant scope for growth.

OUTLOOK

  • Positive outlook for further growth in H2.
  • Cash of $11.3m to self-fund growth, technology investments and complementary acquisition opportunities.
  • Increased technology order book with $4.8m of booked orders predominantly to
    be recognised in H2 FY22.

H1 FY22 Results Presentation | smartparking.com | PAGE 5

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Smart Parking Limited published this content on 20 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2022 21:50:00 UTC.