Qoria Limited · ASX:QOR
Qoria — Investor Presentation (February 2026)
61 slides from Qoria's investor presentation, Feb 3, 2026
Slide 1: The Merger of Aura & Qoria
THE MERGER OF AURA & QORIA : AXQ Merged Company 2 February 2026 1
Slide 2: Disclaimer
Disclaimer This investor presentation is provided for informational purposes only and has been prepared to evaluating the Proposed Transaction. To the maximum extent permitted by law, each Limited Party assist interested parties in making their own evaluation with respect to the proposed merger disc
Slide 3: Disclaimer (cont.)
Disclaimer (cont.) (ii) changes to the proposed structure of the Proposed Transaction that may be required as a result of independent parties and by the Company. Neither the Company, Aura nor their representatives have applicable laws or regulations or as a condition to obtaining regulatory approval
Slide 4: A letter from our founders
X Aura Consolidated Group, Inc. | Qoria Limited 2 February 2026 A letter from our founders We built Aura and Qoria for deeply personal reasons. Aura with a focus on consumer digital security and Qoria on protecting children online, but both seeking to empower our communities to protect what’s precio
Slide 5: Contents
Contents 01. Overview 02. Aura 03. Qoria 04. Rationale 05. Investment highlights 06. Financials 07. AXQ Vision Risks Glossary 5
Slide 6: 01. Overview
01. Overview AURA @oria 6
Slide 7: Transaction Overview
Overview TRANSACTION OVERVIEW What is Aura and Qoria have entered into a Merger Implementation Deed (MID) under which Aura proposed to acquire 100% of Qoria's shares by happening way of a scheme of arrangement (Scheme), subject to the satisfaction of a number of conditions Structure & Key ✓ Aura to
Slide 8: Metrics & Capital Structure Post Closing
Overview METRICS & CAPITAL STRUCTURE POST CLOSING FINANCIAL PROFILE CAPITAL STRUCTURE AT CLOSING Annual +US$316m recurring at 31 December 2025 Shares on ~242m4 issue subject to final reconciliations at closing revenue1 Targeting >20% growth in CY26 ~US$65 - 70m cash Financials Targeting positive free
Slide 9: Aura x Qoria Global Reach & Scale
Overview AURA X QORIA GLOBAL REACH & SCALE Annual Recurring Revenue ARR by channel 1 USD Millions 5Yr CAGR 33% ARR by geography 1 SCHOOLS EMPLOYERS SUBSCRIBERS 32k 1.7k 1.55m 2 CY 2025 growth: 9% CY 2025 growth: 43% CY 2025 growth: 31% Sources & Notes: Exchange rate of 1.447 USD to AUD. (1) ARR by c
Slide 10: Experienced Team; Top-Tier Tech Investors
Overview EXPERIENCED TEAM; TOP-TIER TECH INVESTORS Board1 Hari Ravichandran Peter Pawlowitsch Tim Levy Sujay Jaswa Matthew Stepka Jeffrey Katzenberg Chairman Deputy Chair, Lead Independent Managing Director Non Executive Director Non Executive Director Non Executive Director Visionary Aura founder,
Slide 11: All-In-One digital safety
All-In-One digital safety Helping every child to thrive in their digital life All-In-One digital safety K12 digital safety & student wellbeing powered by Aura Intelligence Family safety Block scams with Call, Text & digital Protect services with Filter & Firewall & Email Protection wellbeing Empower
Slide 12: Lifetime digital protection
: AXQ Empowering communities with lifetime digital protection for everything that matters most. Secure personal Support learning devices with BYO Secure my Keep my kids safe outcomes with Protections device with Anti with Location Data Analytics Protect school Secure my data Virus Tracking Empower p
Slide 13: Together a Unique Opportunity Emerges
Overview TOGETHER A UNIQUE OPPORTUNITY EMERGES TO TAKE ON ONE OF THE WORLD’S MOST CRITICAL CHALLENGES Legacy approaches deliver protections in silos US$ creating gaps where harms arise. 16.6B 1 23% 2 lost to internet crimes in increase in AI related Together a unique opportunity 2024 in the U.S. alo
Slide 14: 02. Aura
02. Aura 14 14
Slide 15: Aura Overview
About Aura An experienced leadership team AURA OVERVIEW Aura was founded by Hari Ravichandran in 2017 following personal experience of digital harms. Hari Ravichandran Brian DeCenzo Rekha Singh Tom Clayton Founder & CEO CFO Chief Technology Officer President & COO Aura’s digital safety platform empow
Slide 16: All-In-One Digital Safety - Digital Security
About Aura ALL-IN-ONE DIGITAL SAFETY - DIGITAL SECURITY Integrated features deliver Credit Monitoring & ID Theft Protection Privacy & Personal Data superior protection and Transaction Alerts & Insurance Removal effortless remediation Insurance $5,000,000 In protection for your family and your assets
Slide 17: All-In-One Digital Safety - Digital Safety
About Aura ALL-IN-ONE DIGITAL SAFETY - DIGITAL SAFETY Detect Digital Patterns Intervene When It Matters Most Launched in 2025, Aura Parents uses intelligent monitoring and alerts to help parents keep their children safe online – without invading trust. Powered by Aura Intelligence, Aura’s proprietar
Slide 18: All-In-One Digital Safety - Aura for Business
About Aura ALL-IN-ONE DIGITAL SAFETY - AURA FOR BUSINESS Beta now live. Broader launch anticipated in Q2’26. This first-of-its-kind solution for Small & Medium Businesses closes a critical security gap created by widespread – and often necessary reliance on – personal + devices for work. ● Full secur
Slide 19: Trusted by Experts. Loved by Consumers.
About Aura TRUSTED BY EXPERTS. LOVED BY CONSUMERS. 1 Category-Leading Expert-Endorsed Award-Winning 2 Highly-Rated 3 “ Avg. fraud Fraud alerts alert speed delivered Aura is a more complete solution… 2025 Best Family Aura 3 mins 100% It’s a better option for ID Protection Norton 554 mins 100% a famil
Slide 20: Rapid Growth, Proven Channels
About Aura RAPID GROWTH, PROVEN CHANNELS Performance Marketing (D2C) Typical high velocity direct to consumer performance marketing channel Annual Recurring Revenue 3 Total through search, social, web and AI platforms. USD Millions 5Yr CAGR ~35% 1.15m 95% Affiliates & influencers (D2C) Net Revenue Sub
Slide 21: Direct-to-Consumer - Subscription Types
About Aura DIRECT-TO-CONSUMER - SUBSCRIPTION TYPES Aura’s digital security solutions are delivered through one-year, two-year and monthly subscriptions across Family, Couple, and Individual plans. Select features are available on a standalone basis to introduce new users to the platform. Family Coup
Slide 22: Employee Benefits - MetLife Partnership
About Aura EMPLOYEE BENEFITS - METLIFE PARTNERSHIP Huge Opportunity Distributed 3 Ways How it Works Exclusive partnership with a global leader in employee benefits. STANDALONE AURA Metlife serves >55k U.S. employers - including Employers offer Aura to employees through enables MetLife to sell >80% of
Slide 23: About Aura | Key Metrics
About Aura | Key Metrics Key Metrics US$ Jun Half Dec Half Jun Half Dec Half 2024 2024 2025 2025 Direct to Consumer ARR1 $ $ $ $ 93m 112m ↑37% 124m ↑34% 148m ↑32% Subscribers2 480k 601k ↑50% 674k ↑41% 774k ↑29% $ $ $ $ Cost of Acquisition 213 189 209 196 $ $ $ $ ARPU Annual3 200 197 187 188 Retentio
Slide 24: 03. Qoria
03. Qoria 24 24
Slide 25: Qoria Overview
About Qoria QORIA OVERVIEW Qoria was founded by Tim Levy, Ben Trigger & Crispin Swan following personal experiences as parents in the digital age. Launched and listed on the ASX in 2016, today Qoria is a global leader in student safety & digital wellbeing; supports 32 thousand schools and 9 million
Slide 26: Qoria Timeline - Building the Qoria Platform
About Qoria QORIA TIMELINE - BUILDING THE QORIA PLATFORM Listed in 2016, Qoria embarked on a deliberate Linewize acquired to ySafe acquired NetRef acquired to Smoothwall Qustodio ei acquired to Octopus BI strategy to develop a world add Student Safety to to add cyber add advanced class merger for cr
Slide 27: Qoria Platform - Unifying School & Home Safety
About Qoria QORIA PLATFORM - UNIFYING SCHOOL & HOME SAFETY Our platform has been developed based on Qoria’s Student Safety & Wellbeing K12 Digital Safety & Security K12 Classroom Management K12 Student Digital Monitoring Framework. ✓ True hybrid deploys ✓ Screen visibility ✓ Realtime device & ✓ Web
Slide 28: Consistent Growth - Proven Motion
About Qoria CONSISTENT GROWTH - PROVEN MOTION K12 Student safety & Digital wellbeing K12 High performing sales teams in US, UK, Australia and New Annual Recurring Revenue Zealand. International school sales managed in Spain. USD Millions Growing state deals and MSP partners and preferred provider in
Slide 29: 04. Rationale
04. Rationale 29
Slide 30: Transformational Merger Generating Benefits for All Stakeholders
Rationale TRANSFORMATIONAL MERGER GENERATING BENEFITS FOR ALL STAKEHOLDERS STRATEGIC FINANCIAL IMPACT Accelerates offerings and Creates scale, with growth and Infusion of AI into our platforms expansion into Family Safety operating leverage creates broader data surface area Adds highly strategic & U
Slide 31: Multiple Levers for Sustained Growth & Impact
Rationale MULTIPLE LEVERS FOR SUSTAINED GROWTH & IMPACT 01. LEVERAGE existing 02. EXPAND product set 03. EXPAND into global products and channels with innovation markets Activate interlocking channels AI capability drives velocity Leverage Qoria global footprints Leverage product synergies Connectio
Slide 32: Multiple Levers for Sustained Growth & Impact
Rationale MULTIPLE LEVERS FOR SUSTAINED GROWTH & IMPACT 04. ENTER or create new 05. M&A into growth, 06. Make the IMPACT the segments markets and synergies world needs Expanded Partner mandate Digital safety technology is ready Through scale, innovation for consolidation with sub-scale advocacy, gov
Slide 33: 05. Investment Highlights
05. Investment highlights 33
Slide 34: A Transformational Merger That Will Meet the Moment
Investment Highlights A TRANSFORMATIONAL MERGER THAT WILL MEET THE MOMENT 04. SCALED TO WIN 03. SYNERGIES Strong financial profile Massive installed base Strong balance sheet, growth and Day 1 opportunity of over 9m financial profile accounts; 100+ countries for Xsell & expansion Investors 02. DIFFERENT
Slide 35: Combined Offerings Will Open Up Large Markets
TAM & Tailwinds COMBINED OFFERINGS WILL OPEN UP LARGE MARKETS with accelerating needs, growing funding and regulations Consumer Security 1 K12 Cybersecurity 3 SME Managed Security 5 US$ US$ US$ Identity, data & device and scam 44B Cloud, endpoint, network, application 67B Including cloud, endpoint,
Slide 36: Structural Forces Driving a Generational Shift
TAM & Tailwinds STRUCTURAL FORCES DRIVING A GENERATIONAL SHIFT Harm is now systemic across the AI & convergence entire community End-to-end coverage favours scaled & Consumer + Employer + Family US$ 16.6B 55% 1 in 6 trusted platforms + School lost to internet crimes in of parents say online children
Slide 37: Aura x Qoria Will Feature Depth & Innovation
Differentiated AURA X QORIA WILL FEATURE DEPTH & INNOVATION provide advantages out of the gate compared to select peers Aura & Qoria GoGuardian Lightspeed Securly Ativion Norton McAfee Life360 K12 Cybersecurity ✓ K12 Student Safety ✓ ✓ ✓ ✓ ✓ K12 Data Analytics ✓ ✓ ✓ ✓ Parental Controls ✓ ✓ ✓ Family
Slide 38: Aura x Qoria Will Leverage Unique Connections
Differentiated AURA X QORIA WILL LEVERAGE UNIQUE ‘CONNECTIONS’ innovative motions for efficient acquisition, referral and cross sale Employee Benefits 1 Aura for Business Qoria School Community Aura has a unique and exclusive partnership with This first-of-its-kind solution for Small & Medium Qoria Com
Slide 39: Connection + Aura Intelligence
Differentiated CONNECTION + AURA INTELLIGENCE a powerful AI platform built for complex digital environments Connected Intelligence will deliver a predictive, personal and autonomous digital safety experience. Aura Intelligence underpins Aura’s security, safety and wellbeing features. This powerful A
Slide 40: Aura x Qoria Strong Track Records in M&A
Scaled to Win AURA X QORIA STRONG TRACK RECORDS IN M&A Intersections Inc acquired in 2019 to Linewize acquired in 2017 as is now the core of Qoria Aura and Qoria have a strong providing the backbone for identity product filter and classroom manager track record of successful PrivacyMate acquired in 2
Slide 41: 06. Financials
06. Financials The following provides a summary of the groups financials and profile on merger. Full financial details will be provided in the disclosure documents anticipated through the transaction. 41
Slide 42: Balance Sheet
Financials BALANCE SHEET FINANCIAL PROFILE Net debt Net debt at close of ~US$0 - $5m The merger of Aura and Qoria, Closing cash ~US$65 - $70m combined with a committed Closing debt ~US$70m US$75m equity placement3 Closing cash is net of equity placement proceeds and estimated deal costs will create
Slide 43: Key Financial Information and Pathway to Free Cash Flow
Financials KEY FINANCIAL INFORMATION and pathway to free cash flow 31 Dec 2025 Exit ARR (Net of Commissions) Aura has grown rapidly with investments in product innovation, branding and acquisition. ARR CAGR over 5 years ending CY25 exceeds ~35%. The merger of Aura and Qoria is expected to create imme
Slide 44: 07. AXQ Vision
07. AXQ Vision 44
Slide 45: Today's Fragmented Safety Solutions Are Failing
The Problem Why hasn't someone solved this yet? TODAY’S FRAGMENTED Legacy technology and commercial models are meeting SAFETY SOLUTIONS rapid technical and regulatory change. ARE FAILING Legacy technology & solutions Incumbents built point solutions years ago. Their architectures can’t support user-
Slide 46: Connected Intelligence
THE SOLUTION Connected Intelligence. In a hyper-connected world, protection requires continuous understanding. Coupling Aura Intelligence with Qoria’s community ecosystem, will create Connected Intelligence to close gaps and empower families. With +25B data points from home, school, and work fueling
Slide 47: The Power of Connected Intelligence
The Solution THE POWER OF CONNECTED INTELLIGENCE Connected Intelligence Connected Intelligence will enable will drive cross sell unique interventions Today at 12:33PM Setup Today at 12:33PM Review Ajax Co has asked you to set up Sarah has searched for something Aura Employee Safety. concerning on he
Slide 48: Connected Intelligence to Empower Communities
Our Vision Connected Intelligence to empower communities Aura & Qoria will offer holistic protections for schools, families, and employers. School Safety School Admin Parents Adult Sources & Notes: Reflects conceptual UI; not representative of live product features. 48
Slide 49: Built on an AI Platform That Already Works
The Solution BUILT ON AN AI PLATFORM Alert resolver for THAT ALREADY WORKS unusual transactions Risk signal insights Today, Aura Intelligence delivers a personalised and more AI chat autonomous digital safety modalities experience. Aura Intelligence already continuously analysing patterns to detect
Slide 50: Thank You. Questions.
THANK YOU. Questions. AURA Qoria
Slide 51: Key Risks – Risks Common to Both Qoria and Aura
Key Risks – Risks that are Common to Both Qoria and Aura This Key Risks section includes details of the key risks attaching to the Proposed Transaction. Whilst the majority of the following risks affect both Qoria and Aura (each a Merger Party), certain elements of the risks, should they eventuate,
Slide 52: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary The Merger Parties have operations internationally, notably in the USA, Canada, UK, Europe, Australia and New Zealand. Particularly in relation to Qoria, wherever it sets up operations it is exposed to a range of multi
Slide 53: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary Effective liquidity management is imperative to meet the Merger Parties’ ongoing funding requirements, manage working capital and execute their overall individual business strategies. Poor or inefficient management of i
Slide 54: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary Given the Merger Parties’ dependence on IT systems and infrastructure, each of them is vulnerable to cyber-attacks (including state-sponsored attacks), ransomware attacks, computer viruses or data breaches. This is par
Slide 55: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary Artificial intelligence is rapidly developing and threatening to disrupt industries, whilst also creating new revenue streams, enhancing existing offerings and creating operating efficiencies. In parallel, each Merger Pa
Slide 56: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary Both Merger Parties evaluate strategic initiatives, including acquisitions, from time-to-time. There is no guarantee that the strategic initiatives will be implemented, or if they are, that the anticipated benefits of a
Slide 57: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Below are some of the risks relating to the Proposed Transaction. After completion of the Proposed Transaction, existing Qoria shareholders will be exposed to additional risks relating to Aura and certain additional risks relating to t
Slide 58: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary As part of the Proposed Transaction, Qoria shareholders will receive consideration in the form of CHESS Depository Interests, being units of beneficial ownership in Aura Shares (New Aura CDIs). In parallel, Aura is unde
Slide 59: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary The integration of two businesses of the size and nature of Qoria and Aura carries risk, including potential delays or costs in implementing necessary changes and difficulties in integrating various operations and syste
Slide 60: Key Risks (cont.)
Key Risks – Risks that are Common to Both Qoria and Aura (cont.) Key Risk Summary A number of material customer and supplier contracts to which either Qoria or Aura is a party contain provisions which will give the counterparty a right to terminate the contract because of the change in control of Qo
Slide 61: Glossary
Glossary ARR (Annual Recurring Revenue) Annualised subscription D2C (Direct-to-Consumer) A distribution model where K-12 Cyber Security Security technologies deployed within revenue generated from active contracts, calculated on a products are sold directly to end users via digital channels school e