Slide 1: AI powered Learning Management System Investor Presentation
For personal use only AI powered Learning Management System Investor Presentation 1st September 2025 1
Slide 2: Our Vision
Our Vision For personal use only Led by our next generation learning management system (LMS) built on generative AI, OpenLearning is digitising learning and education management in emerging markets. We have built a strong presence in Australia, Malaysia, and now in the Philippines. 2
Slide 3: Corporate Snapshot
Corporate Snapshot $2.65m Platform SaaS $10,000 B2B SaaS ARPC For personal use only Growth – end Q2 1. Strong & Accelerating YoY SaaS Growth 22% 12% 14 consecutive quarters of year-on-year SaaS ARR growth, which has recently accelerated to over 22%. 2. Larger Contracts with Higher Value Customers 26
Slide 4: SaaS ARR Growth Accelerates Over 22%
For personal use only SaaS ARR Growth Accelerates Over 22% 2.7 Our software is finding traction as a full cloud-based LMS that is being 2.6 deployed by major universities across 2.5 multiple international markets. 2.4 SaaS deals with a term of over 3-to-5- years for institutions with up to 100,000 2
Slide 5: Over $1.5m SaaS Contracts in 3 Months
Over $1.5m SaaS Contracts in 3 Months For personal use only Our mission is to sign larger contracts with higher value clients. Over the last 3 months OpenLearning has signed multiple high value contracts over 3-to-5-year terms. Some of these contracts are highlighted below. National University Cebu
Slide 6: Our lifelong learning ecosystem
Our lifelong learning ecosystem For personal use only OpenLearning is a complete software-as-a-service (SaaS) solution for education providers to increase educational quality, improve learning outcomes and deliver impactful programs. Attract more learners, Next generation Portfolio for every Digital
Slide 7: The market leader in generative AI for education
The market leader in generative AI for education For personal use only Traditional LMSs are entrenched, and institutions typically only switch platforms every 5 to 10 years. As most of these LMSs have been in use for over 10 years, institutions are looking for the next innovative platform to set the
Slide 8: Leading Institutions
Leading Institutions For personal use only Universities and Higher Education Providers OpenLearning is trusted by some of Australia and Southeast Asia’s leading education institutions, including UNSW, Western Sydney University, Australian Catholic University, University of Wollongong, Universiti Sai
Slide 9: Significant operations in Australia, Malaysia & The Philippines
Significant operations in Australia, Malaysia & The Philippines For personal use only Australia & Malaysia Philippines in Focus OpenLearning started in 2012 in OpenLearning has signed >$1.5m Australia and expanded into in SaaS contracts in the Malaysia in 2015. We have built a Philippines in the las
Slide 10: Our growth plan
Our growth plan For personal use only Large contract wins Deeper geographic We now compete in the LMS market for penetration institutions with 50,000 plus students. We are penetrating the Philippines at a fast pace with over $1.2m SaaS contracts We have a strong sales team in place and signed in the
Slide 11: Diversification in Emerging Markets
Diversification in Emerging Markets For personal use only SaaS ARR by Country (FY25) Improving ARR & Cash Receipts 2.625 2.5 9% 2.335 7% 2.17 2 1.903 1.84 1.715 21% 1.5 1.52 63% 1.351 1.155 1 0.942 0.902 0.831 Australia Malaysia Philippines Other 0.5 H2 22 H1 23 H2 23 H1 24 H2 24 H1 25 Saas Cash Rec
Slide 12: Our Drive Toward Positive Cashflow
Our Drive Toward Positive Cashflow For personal use only Leveraging Our Platform Improving Net Cashflows (A$, mil) In 2022, the Board initiated a cost optimisation $0.0 program aimed at enhancing trading performance and H1 2022 H2 2022 H1 2023 H2 2023 H1 2024 H2 2024 H1 2025 establishing a path to b
Slide 13: A$473 million SaaS Revenue Opportunity in Key Markets
A$473 million SaaS Revenue Opportunity in Key Markets With a demonstrated product market fit! For personal use only $409 million $64 million Corporate and Government Higher Education, Vocational and Training $108m Australia $23m $31m Malaysia $240m Philippines $9m $61m $10m Note: 1. potential revenu
Slide 14: OLL Trades at a Discount to EdTech SaaS Multiples
OLL Trades at a Discount to EdTech SaaS Multiples For personal use only Revenue/Valuation Multiples for EdTech SaaS Companies 3.5X 7X Current Multiple Average Public 16 (Revenue/Market Cap) Multiple for EdTech 14 for OLL SaaS Businesses 12 10 • Edtech SaaS multiples are still extremely strong and av
Slide 15: Our executive team and directors
Our executive team and directors For personal use only Rupesh Singh Adam Brimo David Collien Non-Executive Director Managing Director & Group CEO Chief Technology Officer Rupesh is the founder and Chief Adam holds Bachelor of Engineering David holds Bachelor of Science in Executive Officer of Educat
Slide 16: Leading Innovation in Education Technology
Leading Innovation in Education Technology For personal use only “ OpenLearning now competes globally as a best of breed AI-powered learning platform with an embedded AI Assistant. We are capable of winning competitive tenders against the worlds’ leading learning management systems, and we have demo
Slide 17: Disclaimer
Disclaimer This presentation has been prepared by OpenLearning Limited (The Company). It does not purport to contain all the information that a prospective investor may require in connection with any potential For personal use only investment in the Company. You should not treat the contents of this
Slide 18: Authorised by / Investor Relations
For personal use only Authorised by Adam Brimo Managing Director & CEO Investor Relations Matthew Reede Dominion Partners +61 414 483 054 investors.openlearning.com matt@dominion.partners 18