Slide 1: Investor Presentation
FirstWave Cloud Technology Limited ASX: FCT Investor Presentation Network monitoring, IT asset discovery and compliance software for telcos, government and enterprise, with a growing base in Latin America and the United States October 2026. Authorised for release by the Board of FirstWave Cloud Tech
Slide 2: FY26 highlights
FY26 highlights A lower cost base, growth in network monitoring and Latin America, and a higher margin 45% +32% +66% 95.3% Lower operating cost Network monitoring Latin America Gross margin From $14.8m in FY24 to a Revenue up to $6.83m, now Revenue up to $2.15m, the Up from 88.0%, with cost of budge
Slide 3: At a glance
At a glance $8.4m $5.54m +$784k Revenue FY26 ARR, 31 August 2026 Operating cash flow FY26 Gross margin 95.3%. Network Actual. NMIS 66%, CyberCision Positive for the second monitoring 82% of revenue. 26%, STM 8%. consecutive year. 2.13bn AI 34 Shares on issue AI patent and application Employees (FTE)
Slide 4: What FirstWave does
What FirstWave does Four product families, sold as subscriptions to telcos, government agencies and enterprises Network monitoring The core of the business and 66% of ARR. Fault, performance and configuration management for large NMIS and the op modules: opCharts, opEvents, networks. Customers inclu
Slide 5: The recurring revenue base
The recurring revenue base Subscription software, renewed annually, at a 95% gross margin $5.54m 95.3% $2.91m +66% ARR, 31 August 2026 Gross margin FY26 Prepaid contract revenue LATAM growth FY26 NMIS and op modules $3.7m, Cost of sales $0.4m on $8.4m of Contract liabilities at 30 June Revenue to $2
Slide 6: The turnaround: FY25 to FY26
The turnaround: FY25 to FY26 80% +$784k $1.33m 95.3% Reduction in loss Operating cash flow Cash at year end Gross margin To $2.81m from $13.98m, which Second consecutive positive From $264k. From 88.0%. Cost of sales included a $10.4m non-cash year. FY25 +$171k. Q3 FY26 + down 62%. goodwill write-do
Slide 7: The cost base, FY24 to today
The cost base, FY24 to today Annual operating cost, A$m. Staff including capitalised development, plus non-staff expenses. Management measure. Excludes depreciation, amortisation, share-based payments, finance and transaction costs. $16m $14m 3.4 $14.8m $12m FY24 operating cost $10m 2.9 $1.24m a mon
Slide 8: Balance sheet
Balance sheet Extract from the audited statement of financial position at 30 June 2026. Balance sheet, A$ Cash and cash equivalents 1,331,040 Intangibles (goodwill $20.1m, development $5.5m, other $1.1m) 26,796,485 Borrowings (PFG secured facility, matures Dec 2028) (2,105,097) Net assets 19,555,867
Slide 9: The operating model today
The operating model today FY27 budget cost base from October 2026 against ARR at 31 August 2026, before new sales $462k $677k $150k Monthly recurring revenue Monthly cash cost New sales needed a month ARR $5.54m divided by twelve. Staff $503k, non-staff $174k On average, to be cash flow positive bef
Slide 10: Growth drivers
Growth drivers Identified and in progress New product to launch under a new licence model. Large user base to convert from free to paid users. Open- Open-AudIT compliance AudIT 7 beta shipped 31 August 2026. Revenue up 66% in FY26 to $2.15m. Telmex, América Móvil and several Claro operating companie
Slide 11: Open-AudIT and product momentum
Open-AudIT and product momentum Open-AudIT 6 results from the November 2025 launch, and product progress to September 2026 20,000+ 6.09% 51% 7.8 min Open-AudIT Trial conversion US and Europe trials Download frequency organisations have upgraded Free downloads converting to The target regions for pai
Slide 12: Open pipeline: A$16.5m of new business and expansion
Open pipeline: A$16.5m of new business and expansion 128 open opportunities in the CRM as at 4 September 2026, excluding renewals. Gross values. A$16.5m A$13.9m A$7.1m A$1.7m Open pipeline Dated to close in FY27 LATAM Open-AudIT 128 opportunities, average 107 deals, 84% of the pipeline. 21 deals at
Slide 13: Pipeline quality
Pipeline quality Value by stage, and type Gross A$m, excluding renewals. By stage, A$m Summary Deals Open value 5.9 New logo 84 A$8.3m Existing business 20 A$5.3m 4.8 Cross sell 7 A$0.5m Not set 17 A$2.5m Total 128 A$16.5m 2.6 2.6 • A$8.5m across 34 deals is at Proposal or beyond. FY27 H2 holds A$8.
Slide 14: The data moat
The data moat NMIS runs inside customers' networks, where cloud software cannot reach On premise Built into operations Data only we can reach Installed on customers' own servers Part of how the network is run Years of history behind the firewall NMIS runs inside the customer's network, NMIS and the
Slide 15: AI: patent, new application, product preparing to launch
AI: patent, new application, product preparing to launch An existing AI patent, and a patent application for AI root-cause diagnosis, announced to the ASX on 4 September 2026 The new application Why it matters commercially • Network Monitoring and Fault Diagnosis System. Provisional • Already a comm
Slide 16: Board and management
Board and management 40 years managing venture capital funds in Asia Pacific. Former Roger Buckeridge Chairman McKinsey consultant. Chair since July 2025. 30 years in corporate finance, advisory and investment banking. David Garnier Non-executive Director Founder and Chairman of New Wave Capital. CP
Slide 17: Notice and Disclaimer
Notice and Disclaimer Summary information. This presentation has been prepared by FirstWave Cloud Technology Limited (ABN Forward-looking statements. This presentation contains forward-looking statements, including statements 35 144 733 595) (FirstWave, FCT or the Company). It contains summary infor