Adcore Inc · TSX:ADCO

Adcore — Q3 2021 Earnings Presentation

22 slides from Adcore's earnings presentation, Nov 3, 2021

1. Slide 1: Q3 earnings call

   Q3 earnings call will start at 8:30AM +3 November 2021

2. Slide 2: Adcore’s Q3 2021 Earnings Call

   Adcore’s Q3 2021 Earnings Call November 2021

3. Slide 3: Hosts

   Adcore’s Investors Presentation | November 2021 Hosts Omri Brill Yatir Sadot​ Barak Frank CEO CFO CORPORATE SECRETARY 3

4. Slide 4: Agenda

   Adcore’s Q3 Earnings Call | November 2021 Agenda • Forward Looking Statements • CEO Opening Remarks • CFO Financial Highlights • Q&A 4

5. Slide 5: Forward Looking Statements

   Adcore’s Q3 Earnings Call | November 2021 This conference call contains certain forward-looking statements, Forward including statements about the Company. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or

6. Slide 6: CEO Opening Remarks

   Adcore’s Q3 Earnings Call | November 2021 CEO Opening Remarks

7. Slide 7: 4 Quarters of Triple Digit YoY Revenue Growth

   $39.3 40 YoY Revenue Growth Adcore’s Q3 Earnings Call | November 2021 35 10.4 Q3 21 - 153% 4 Quarters 30 Q2 21 - 250% of Triple 25 7.0 Q1 21 - 161% Q4 20 - 219% Digit 20 Growth 8.6 15 $13.6 4.1 10 2 13.3 3.3 CAD in million 5 4.2 0 Previous TTM TTM 7

8. Slide 8: Fastest Growing Company Among Comparables

   YoY TTM Revenue Growth Adcore’s Q3 Earnings Call | November 2021 200% 189% Fastest 150% Growing 107% Company 100% 64% Among 50% 53% 32% 37% Average: 46% Comparables 0 11% 19% AT QNST PUMB TTD MGNI IAS DV ADCO CAD in million Adcore Comparable Companies 8

9. Slide 9: Quarter Highlights

   Adcore’s Q3 Earnings Call | November 2021 Quarter Highlights

10. Slide 10: Adcore Marketing Cloud Product overview

    ADCORE Product overview Adcore Marketing Cloud 2021

11. Slide 11: +US Subsidiary

    Adcore’s Q3 Earnings Call | November 2021 +US Subsidiary 11

12. Slide 12: Client Acquisition Expanding the Team

    Adcore’s Q3 Earnings Call | November 2021 Client Acquisition Expanding the Team New contracts $4M CAD in ad budget 10 New Employees 12

13. Slide 13: Q3 Highlights

    Adcore’s Q3 Earnings Call | November 2021 Classes 49% 141% 1,032 Q3oQ1 Q3oQ2 Visitors 40% 488% 95,056 Q3 Sign ups 90% 908% 4,385 Higlights Transactions 77% 449% 3,519 155 Participants Avg. Transaction Value - $19.44 The Great British Bake off 2014 Winner Social AI Recommendation Commerce Back Engine

14. Slide 14: What’s Next?

    Adcore’s Q3 Earnings Call | November 2021 Marketing Cloud What’s • New Apps (both internal and 3rd party) Next? • Zero touch onboarding funnel • Improving the company gross margins M&A • Geo focus on the US • Tech focus on expanding AMC offering Amphy • Upgraded site • Robust vision expanding the Am

15. Slide 15: CFO Financial Highlights

    Adcore’s Q3 Earnings Call | November 2021 CFO Financial Highlights

16. Slide 16: Financial Position - Assets

    Adcore’s Q3 Earnings Call | November 2021 Financial Position - Assets CAD in million 30.09.2021 31.12.2020 Working CURRENT ASSETS Capital Cash and cash equivalents 15.5 11.7 13.2M vs. Trade accounts receivable, net 3.7 2.4 7.8M Other accounts receivable 0.2 0.1 Total current assets 19.4 14.2 NON-CUR

17. Slide 17: Financial Position - Liabilities

    Adcore’s Q3 Earnings Call | November 2021 Financial Position - Liabilities CAD in million 30.09.2021 31.12.2020 Zero Debt CURRENT LIABILITIES Trade accounts payable 5.5 3.8 Other accounts payable 0.5 1 Deferred Revenues - 1.4 Lease liability 0.1 0.1 Total current liabilities 6.1 6.3 NON-CURRENT LIAB

18. Slide 18: Comprehensive Income

    Adcore’s Q3 Earnings Call | November 2021 Comprehensive Income Three months ended Three months ended CAD in million September 30, 2021 September 30, 2020 YoY Record Revenues 10.4 4.1 153% third Cost of revenues 8 1.6 quarter Gross profit 2.4 2.4 0% revenue Research and development expenses 0.3 0.3 0

19. Slide 19: Segments

    Adcore’s Q3 Earnings Call | November 2021 Segments CAD in million For the three months ended September 30, 2021 Adtech AdTech EdTech Total operation Revenues margin- External 10.39 0.01 10.4 5% Inter-segment - - - Total 10.39 0.01 10.4 Segment Profit (Loss) 0.5 (0.4) 0.1 Unallocated expenses Finance

20. Slide 20: Adjusted EBITDA

    Adcore’s Q3 Earnings Call | November 2021 Adjusted EBITDA Three months ended Three months ended CAD in thousands September 30, 2021 September 30, 2020 Adtech Operating (loss) profit 27 717 Adjusted Depreciation and amortization 217 213 EBITDA - Share-based payments 318 (5) $1,011 Offering, listing &

21. Slide 21: Q&A

    Adcore’s Q3 Earnings Call | November 2021 Q&A

22. Slide 22: Thank You.

    Thank You. For more information visit adcore.com/investors

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