Ikegps Group Ltd · NZX:IKE
Ikegps — Shareholder Meeting (September 2025)
36 slides from Ikegps's shareholder meeting presentation, Sep 30, 2025
Slide 1: IKE FY25 AGM Presentation
IKE FY25 AGM Presentation We’re IKE, the Pole OS Company Alex Knowles, Chair Glenn Milnes, CEO & Managing Director September 2025
Slide 2: Important Notice
• Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in ikeGPS Group Limited (IKE); • Should be read in conjunction with, and is subject to, IKE’s FY25 financial results (audited), FY24 financial results (audited),
Slide 3: Agenda
AGENDA FY25 Results Headlines FY26 Outlook Headlines Company recap New products and technology: sneak peak Q&A
Slide 4: FY25 Results: Subscription Growth
FY25 RESULTS: SUBSCRIPTION GROWTH Takeaways: • +48% YoY growth in the exit run rate (ERR) of annual platform subscription revenue. • Subscription seat license growth of +103% YoY. • YoY subscription revenue CAGR of 34% • Recurring subscription and re- occurring transaction revenue (shown in the blue
Slide 5: FY25 Performance Headlines
FY25 PERFORMANCE HEADLINES + Exit run rate of annual platform subscription revenue grew to NZ$17.6m (+48% vs pcp). + Total recognized revenue in the period of NZ$25.2m (+19% vs pcp), with recognized revenue in 4Q of NZ$6.6m. Comprising the above was: + Subscription revenue of NZ$14.4m (+34% vs pcp),
Slide 6: FY26 Outlook
FY26 OUTLOOK Based on contracts in place and broader momentum in the business the outlook includes: + Subscription revenue to continue to increase strongly, at growth levels of 35% or greater. + To be approximately EBITDA break-even on a run rate basis within the second half of FY26. + IKE’s focus w
Slide 7: Consolidated Statement of Profit & Loss
CONSOLIDATED STATEMENT OF PROFIT & LOSS Year ended 31 March Group Takeaways: Note 2025 2024 • Revenue of ~NZ$21.2m (+19% vs PCP) NZ$'000 NZ$'000 • Subscription revenue of ~NZ$14.4m (+34% vs pcp) Operating revenue 5 25,155 21,104 Cost of revenue (7,746) (8,424) Gross profit 17,409 12,680 • Gross Marg
Slide 8: EBITDA: Adjusted & Cash
EBITDA: ADJUSTED & CASH EBITDA FY 2024 FY 2025 Takeaways: Comprehensive Loss $ (14,694) $ (16,336) • Adjusted EBITDA Improves materially as the Company Add Back: continues to reduce operating losses through increased Interest Expense 105 101 margins and control of cash operating expenses. Tax Expens
Slide 9: Balance Sheet
BALANCE SHEET As at 31 March Group Note 2025 2024 Takeaways: ASSETS NZ$'000 NZ$'000 Current assets Cash and cash equivalents 8 10,282 10,242 • Total cash and net receivables NZ$15.4m. Trade and other receivables 9 6,077 5,114 Prepayments 540 782 • This comprises NZ$10.3m in cash and NZ$5.1m in Contr
Slide 10: Key Metrics Table
KEY METRICS TABLE Takeaways: YTD FY25 YTD FY24 % Change Total Revenue $25.2m $21.1m +19% • Our blended gross margin profile continues to improve, Total Gross Margin $17.4m $12.7m +37% with Gross margin dollar growth of +37% vs prior year, Gross Margin % 69% 60% and gross margin percentage growth to
Slide 11: Company Re-cap: Market, Go-to-Market, and Next Gen Products
COMPANY RE-CAP: Market, Go-to-Market, and Next Gen Products
Slide 12: Recurring subscription and usage-based revenue model
• A recurringSubscription to accessany IKESolution • Additive, recurring revenue based on usage (license seats or transactions) • Optional value-added products , such as IKE Analyze(driving further AI for whole-of-network Digitizing network Pole loading analysis and transaction revenue) and distribu
Slide 13: Where IKE sells
Where IKE sells: Market-Map of Investor-Owned Utilities (multi- SB companies) A huge U.S. expansion opportunity......
Slide 14: Market timing is everything
Markettimingis everything IKEis in the right place, at theright time, andwith the right technology,teamand executioncapability Today,IKEhas a presencein approximately6% of addressable customers, butis estimated to be only 20%penetrated. Soan opportunityto: Develop an additional 80% revenue per annum
Slide 15: The Size of the North American Market Opportunity
The Size of the North American Market Opportunity, in Australian Context IKE’S TOP 8 CUSTOMERS U.S. Electric Utility Infrastructure Total Australian Market: ~11m homes & businesses Spend Projections of Total LLMA Energy Duke Energy The Top 8 IKE Customers: ~43M homes & businesses, >$400bn Consumers
Slide 16: Macro-market drivers
Macro-market drivers AI has unleashed a wave of data center construction. In 2023, AI data centers consumed about 4.4% of U.S. electricity, and that share could triple by 2028. Microsoft and Google estimate that the U.S. will need 500,000 more electrical engineers in the next decade. Heatwaves, wild
Slide 17: 8 of the 10 largest Investor-Owned Utilities have standardized on IKE
8 of the 10 largest Investor-Owned Utilities have standardized on IKE IKE Lands-then-Expands Communications Takeaways • 8 of the 10 largest Investor- Owned Utilities (“IOUs”) in North America, all multi-billion dollar businesses Electric Utilities • >400 customers in North America, with 59 new logos
Slide 18: Some of the largest US Communication groups Standardized on IKE
Some of the largest US Communication groups Standardized on IKE And a growing footprint of tier-2 fiber businesses Communications Takeaways • Several of the largest comms group in North America: AT&T ($107B), Crown Castle ($39B), Bell Canada ($47B) Electric Utilities • A growing footprint of the tie
Slide 19: Market Tailwinds Over the Coming Decades
Market Tailwinds Over the Coming Decades Requirement for harder and higher >3,200 capacity distribution power networks Electric Utilities in North America with long-term, recurring across all of North America distribution network hardening, joint use, and capacity needs for electrical distribution 7
Slide 20: A Map-View of Usage: Crown Castle in Florida
A Map-View of Usage, and how IKE customers deploy our software Crown Castle in Florida
Slide 21: A Map-View of Usage: AT&T in 7 States
A map-view of Usage, and how IKE customers deploy our software AT&T in 7 example States
Slide 22: IKE customer-facing team
Liz Etzel Sara Deere ProductManager:Knowsvirtually SystemsEngineer:Currentholderof the everycustomer andis persnickety world-recordfor runningcustomer field aboutexemplarycustomer teamswiththeleastrecollects. experience. JessicaWalker Dan Allan IKEAnalyzeManager:Deliversevery Design Director:LovesCX
Slide 23: NPS score of 91% validates this go-to-market approach
NPS score of 91% validate this go-to-market approach Testament to IKE’s team & CX Focus Customers overwhelmingly recommend IKE, with an independently assessed NPS of 91%. This score is driven by: ● IKE’s remarkable focus on both product capability, industry-specific outcomes and customer experience
Slide 24: What customers say they value the most about IKE
What customers say they value the most about IKE ● Customers see IKE as superior in pole data collection, digitization, design, and management ● IKE’s solutions are described as highly reliable, fast, and accurate ● IKE fits into existing workflows ● IKE PoleForeman’s product excellence and help wit
Slide 25: Customers say IKE is solving today's challenges
Customers say IKE is solving today’s challenges ● Key use cases: deteriorated pole assessment, storm and wildfire system hardening, joint use. ● Supports aging infrastructure and associated compliance needs. ● IKE’s solutions are enabling the industry amid a shortage of skilled labor, helping newer
Slide 26: Next-gen AI technology coming into products next quarter
Next-gen AI technology coming into products next quarter based on subject matter expertise & a database of tens of millions human engineered power assets…… ikeGPS 26
Slide 27: Sneak peek at PolePilot
Sneak peek at PolePilot – IKE’s new AI-powered capability ikeGPS 27
Slide 28: Distribution power asset imagery analysis and engineering is complex
Distribution power assets and associated imagery analysis and engineering is complex Analyzing power asset imagery is a manual, time- consuming process conducted by expensive engineers that can result in inaccurate data and poor network outcomes. Common errors and inconsistencies: • Where should I a
Slide 29: With PolePilot, an Engineer can automatically identify and measure pole parts
With IKE’s PolePilot, an Engineer can automatically identify, measure and engineer the most important parts on a power pole Additional identifications are continually being developed. Power lines Communication lines Pole tip Span guys Pole base Transformers IKE Base Offset Stick Streetlights And mor
Slide 30: Customers save time and deliver consistent engineering results
Customers save dramtic time & deliver consistent & accurate engineering results with IKE’s AI-powered annotation and measurement PolePilot uses IKE’s sophisticated image recognition and measurement tools to detect wires, power equipment, and heights of attachment in IKE Office Pro photos. REDUCE Ana
Slide 31: PolePilot: How it works
Powered by IKE’s 20+ years of expertise in pole imagery, trained on 10’s of millions of human-engineered assets residing in IKE’s database. How it works…… Upload field data to IKE Office Pro PolePilot’s AI and machine Attachment height annotations Leverage IKE Office Pro's robust from an IKE Device.
Slide 32: Sneak peek at PolePilot
Sneak peek at PolePilot – IKE’s new AI-powered capability… ikeGPS 32
Slide 33: Sneak peek at PolePilot
Sneak peek at PolePilot – IKE’s new AI-powered capability… ikeGPS 33
Slide 34: Summary: Strong Financial Performance and Growth Runway
Strong Continuing Financial Performance: • +48% YoY growth in annual subscription ERR. • 103% YoY increase in subscription seats. • 3-year subscription revenue CAGR +~37%. • FY25 revenue of NZ$25.2m Leading U.S. Electric Utilities are Standardizing on IKE • Trusted by Tier-1 utilities including 8 of
Slide 35: Thank you & Q&A
Thank you & Q&A @ ike”
Slide 36: Meeting Resolutions
Meeting Resolutions The shareholders of the Company are requested to consider and, if thought fit, to pass the following ordinary resolutions: - Auditors Remuneration: That the directors are authorised to fix the auditor’s remuneration. - Election of Glenn Milnes: That Glenn Milnes, who retires thro