Slide 1: AI-powered SaaS Learning Management System
For personal use only AI-powered SaaS Learning Management System OpenLearning Limited (ASX:OLL) General Meeting 15th December 2025
Slide 2: 27% SaaS Growth and Accelerating
For personal use only 27% SaaS Growth and Accelerating 2.9 OpenLearning is a technology platform business with growing recurring revenue from a diversified B2B customer-base across multiple geographies with a large addressable market. 2.7 2.5 $2.83m >$11,000 Platform SaaS B2B SaaS ARPC – ARR – end Q
Slide 3: $3.51m New SaaS Total Contract Value (TCV)
$3.51m New SaaS Total Contract Value (TCV) Significant acceleration in sales traction since May For personal use only OpenLearning has signed $3.51 million in new New SaaS Deals TCV 2025 (A$, ‘000s) software-as-a-service (SaaS) contracts since January, 800 with learning management system (LMS) sales
Slide 4: Emerging Markets Sweet Spot
Emerging Markets Sweet Spot For personal use only OpenLearning has a proven ability to enter emerging markets, where scalability, cost- effectiveness and new technology are key. Over time, institutions across all countries are expected to increase their budgets and migrate from on-premises systems t
Slide 5: Successful Market Entry in the Philippines
Successful Market Entry in the Philippines For personal use only In 2025, OpenLearning achieved a successful market entry in the Philippines, securing long-term enterprise SaaS licence agreements with leading institutions including National University, University of the Philippines Manila, St. Paul
Slide 6: Expanding Presence in Malaysia
Expanding Prescence in Malaysia For personal use only OpenLearning now has SaaS agreements in place with more than 40% of Malaysia’s major higher education institutions, who are using the LMS for either micro-credentials, online degrees or as their primary LMS. In 2025, we deepened partnerships with
Slide 7: Diversification in Australia
Diversification in Australia For personal use only In 2025, we strengthened long standing partnerships with leading institutions including ACU, UoW, ANU, UNSW, UNE, Western Sydney University and TAFE NSW, while securing new SaaS agreements with organisations across the higher education, vocational,
Slide 8: Emerging Market Expansion
Emerging Market Expansion For personal use only India Gujarat University, one of India’s largest public universities, launched six online courses, following approval from the UGC’s Distance Education Bureau. The courses attracted over 4,000 enrolments are now being delivered to students via OpenLear
Slide 9: Capital Management
Capital Management For personal use only In October 2025, OpenLearning strengthened its balance sheet through a strongly supported A$2.6 million (before costs) equity placement to institutional and professional investors at 2.2 cents per share, representing a minimal 1% discount to the 15-day VWAP.
Slide 10: CEO message: transformative year for OpenLearning
2025 Investor Update “ For personal use only It has been a transformative year for OpenLearning, marked by strong SaaS growth, rapid expansion into new markets, and continued leadership in AI-powered learning innovation. In the September quarter, our SaaS platform delivered 27% year-on-year ARR grow
Slide 11: Authorised by Adam Brimo; Investor Relations
For personal use only Authorised by Adam Brimo Managing Director & CEO Investor Relations Matthew Reede Dominion Partners +61 414 483 054 matt@dominion.partners investors.openlearning.com 11