#039;m 20.0 $8.2M $10.3M FY16 UP 90%, ($3.9M) UP

Slide 5: Updated Guidance For The Full Year; Dividend Up 10%

Updated Guidance For For personal use only The Full Year Profit growth of 10% to 15% for the full year • SaaS Platform continues to grow strongly • Pipeline for second half is strong • Continuing growth in Licences Fees expected in full year • Full year guidance will be discussed in more detail late

Slide 6: Results Summary

Results Summary H118 H117 Variance % Refer slide: Total Consulting Revenue $120.4m $113.9m 6% For personal use only Initial Licence Fees $25.9m $24.1m 7% Total Consulting1 $29.8m $32.9m (9%) Target Total Annual Recurring Revenue by 2022 is $345+m Total Annual Recurring Revenue $64.1m $56.1m 14% driv

Slide 7: Significant investments for Future Growth

Significant investments for For personal use only Future Growth R&D of $25.6m, 21% of Revenue  Ci - our existing very successful enterprise software  Ci Anywhere - our new generation enterprise software for smart mobile devices  TechnologyOne Software as a Service  Started early research into a

Slide 8: Total Expenses Up 6% versus Revenue up 6%

Total Expenses Up 6% ($6.3m) versus Revenue up 6% For personal use only Total Expenses UP 6%, UP 13%, $109.9M 120 $103.6M 100 80 60 40 20 0 2016 2017 2018 Major contributors to expense increase were as follows: • Cloud Expense – Up $2.5m (Cloud Revenue up $5.2m, 63%) • Other Expense – CPI, Accomodat

Slide 9: Cash Flow

Cash Flow Mar-18 Mar-17 Var % $ '000 $ '000 Operating Cash Flow ($10.4m), has reduced from $2.6m in prior year (down $13.0m) Profit Before Income Tax 10,425 10,324 101 1% For personal use only Depreciation & Amortisation 2,355 2,098 257 12% • Vs Net profit after tax of $8.1m Change in Working Capita

Slide 10: We are managing the transition to the cloud carefully

We are managing the transition to the cloud carefully We are generating significant cash from the cloud For personal use only From the Balance Sheet on previous page… Mar-18 Mar-17 • Earned & Unbilled Revenue (non current) ($17.4m) ($6.5m) Driven by licence fees - Revenue recognised & to be billed o

Slide 11: Profit By Segment Analysis

Profit By Segment Analysis Group profit For personal use only $10.4m, 12.0 Inline 1% 10.0 $5.5m, Down 8.0 10% ($638k) FY16 6.0 $3m, Up $1.1m, Down 100%+ ($2m) #039;m $1.3m, Up 68% ($2.3m) FY17 ($484k), Down 4.0 100%+ ($1.1m) 55% ($171k) FY18 2.0 0.0 (2.0) Company Total Sales (1) Consulting (2) Cloud (3

Slide 12: Results – Key Metrics

Results – Key Metrics For personal use only Half Year 2018 v Half Year 2017 2018 2017 Var % Half Year 2018 v Half Year 2017 2018 2017 Var % EPS (cents) 2.57 2.57 0% ROE Dividends (cents) Return on equity1 6% 6% Standard 2.86 2.60 10% Adjusted return on equity 8% 10% Special - - Balance Sheet ($‘000s

Slide 13: Licence Fees continue to grow, up 7%

Licence Fees continue to grow, up 7% For personal use only UP 7%, $25.9M 30 25 Compound Growth 8% 20 #039;m 15 10 5 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 • Number of deals closed earlier than we expected • New customers added this half: 17 • The pipeline for the second half remains strong

Slide 14: Annual Licence continues to grow, up 6%

Annual Licence continues to grow, up 6% For personal use only Annual Support Fees UP 6%, 60 $50.7M 50 Compound Growth 13% 40 #039;m 30 20 10 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Customer Retention continues at 99%+ • Compound growth over the last 10 years is 13% • This year driven by a o

Slide 15: Annual Recurring SaaS Platform Fees

280 customers on TechnologyOne SaaS Platform versus 199 customers pcp For personal use only Annual Recurring SaaS Platform Fees engine for significant profit growth in the coming years As previously stated focus has moved from ACV growth to profitable growth in coming years Annual Contract Value - C

Slide 16: Ci Anywhere

Ci Anywhere Any device For personal use only Any where Any time Enabling a digital world Enterprise software, incredibly simple Flow across many devices in the course of a day We are delivering our entire enterprise suite on mobile devices Enterprise Software intelligently adapts to the devices 16

Slide 17: Ci Anywhere; Consulting

Ci Anywhere Enterprise software, incredibly simple For personal use only Any device. Any where. Any time. Our SaaS customers are always on the latest release. As we decommission older releases, this reduces costs and improves services to our customers.  2016B & earlier releases progressively de- co

Slide 18: United Kingdom

United Kingdom As previously discussed For personal use only ‘Blue ocean’ strategy working in the UK • Provide a total ERP solution for higher education & local government • 40+customers, all of which are on the TechnologyOne SaaS • Pipeline for the UK is strong Next phase of the UK is ‘Customers Fi

Slide 19: UK Licence Fee Growth to 2022

UK Licence Fee Growth to 2022 ‘Customers First’ For personal use only Licence Fees & Total Revenue $41.3M, 45 UP 51% 40 Compound Growth 44% 1 35 $27.3M, 30 UP 45% $18.9M, 25 UP 43% $11.3M, Licence Fees 20 $9.2M, $11.1M, $13.2M, UP 50% $6.9M, UP 19% $7.5M, Total Revenue UP 33% UP 21% $3.8M, UP 83% UP

Slide 20: IFRS 15 / AASB 15

For personal use only Agenda  Results  Significant Achievements • Adoption of IFRS 15 • Outlook for Full Year • Long Term Outlook Appendix • TechnologyOne Overview IFRS 15 / AASB 15 Our approach on adopting IFRS 15 / AASB 15  Strategic approach  Well planned & researched over 3+ years  Transiti

Slide 21: Timeline for the adoption of IFRS / AASB

Timeline for the adoption of IFRS 15 / AASB 15 For personal use only TechnologyOne is • Currently finalising its position in respect of IFRS with its Auditors and Board • Reviewing all its accounting policies in light of IFRS and moving to true SaaS business • Building illustrative models for P&L, B

Slide 22: Outlook for 2018 Year

Outlook for 2018 Year For personal use only We expect profit growth of 10% to 15% for the full year Guidance is based on TechnologyOne’s reported earnings for 2017 year Outlook for 2018 Year Assumptions • The current pipeline remains strong for the second half • Substantial base of committed Annual

Slide 23: Our focus this financial year

Our focus this financial year For personal use only  Continue developing our Mass Production SaaS platform & deliver $7m profit in 2018  Implement Consulting Strategy & deliver $7m profit  Continue to grow our initial licence fees  Grow our 5 year subscription licences • Creating additional recu

Slide 24: Long Term Growth

Long Term Growth For personal use only Net Profit Margin Before Tax Focus is to 35% substantially improve 30% 27% 25% 26% 25% 25% 24% PBT margins through: 20% 21% 21% 19% 21% 21% 21% 21% 17% 17% 17% 18% • SaaS margin increasing to 30+% 15% • Controlled R&D growth saving $75m over 5 10% years 5% • Ne

Slide 25: Future Annual Subscription licenses

Future Annual Subscription licenses For personal use only  Stop selling perpetual licences, both On Premise and On Cloud  5 year subscription licences with break fee  After 5 years these subscription licences will move to yearly licences, creating a future annuity stream Future Annual Recurring R

Slide 26: R&D Growth from 2016 to 2021

R&D Growth from 2016 to 2021 Save $75m over the 5 year period For personal use only 100 $96.6m #039;m Historical Compound Historical Compound Growth 16% 90 Growth 16% $29.0m 80 Model shows savings of Model Compound Growth 8% Model Compound $29m/year in year 5 (2021) 70 $67.6m Growth 8% 60 • In year 5,

Slide 27: UK Licence Fee Growth to 2022; Clear strategy for long term growth

Slide 28: Positioned well for continuing future growth

Positioned well for continuing future growth… For personal use only Cloud first, Mobile first strategy Agenda  Results  Significant Achievements  Adoption of IFRS 15  Outlook for Full Year  Long Term Outlook Appendix • TechnologyOne Overview 28

Slide 29: Australia's largest enterprise software company

Australia’s largest enterprise software company ASX 150 Public Company For personal use only Invest$50m Continually profitable over 26 years Back into R&D Profit Formed in $58m Largest 1987 R&D centre Revenue 1000+ in Australia $273m employees 300+ developers Cash $93m 1200+ Market Capitalisation Co

Slide 30: We are dominant supplier to Local Government and Higher Education

For personal use only We are dominant supplier to Local Government in Australia We are dominant supplier to Higher Education in Australia 30

Slide 31: Financially Very Strong; Historical Performance

Financially Very Strong For personal use only $ 93.4 Cash and M 28 Return on % 59% 0.01% 1,192 Adjusted Return Debt Interest Cover Equivalents Equity on Equity* Equity 22 26 Dividends Continually YEARS YEARS continually profitable paid since since 1996 1996 (*As at 30th Sept 2017. Adjusted for net c

Slide 32: The Competitive Landscape

For personal use only Our SaaS business continues to grow strongly. Annual SaaS subscription revenue up 84% in 2017 The Competitive Landscape market coverage ORACLE SAP Workday $1,000m TechnologyOne Microsoft Business Solutions $100m SAP/Business One NetSuite Infor (Sun Systems) $30m Xero Reckon CLI

Slide 33: Our enterprise vision

Our enterprise vision For personal use only The power of a single integrated enterprise solution Our enterprise vision We are one of only a few global enterprise vendors Asset Financials HR & Enterprise Supply Property Student Management Payroll Budgeting Chain & Rating Management Business Enterpris

Slide 34: The power of one

The power of one One vision For personal use only One vendor One code-line One experience We take complete responsibility for building, marketing, selling, implementing, supporting and running our enterprise solution for each customer to guarantee long-term success. Market focus Deep functionality f

Slide 35: We focus on eight key markets

We focus on eight key markets For personal use only Government Local Financial Health Asset Project intensive Education Corporates government services and community intensive industries services industries We sell to asset and service intensive organisations. We do not service retail, distribution o

Slide 36: The power of evolution

The power of evolution An enterprise solution that adapts For personal use only and evolves The power of evolution  Substantial investment into R&D each year  New releases encompass new technologies, concepts and innovations  Configuration and not customisation GREEN SCREEN CLIENT SERVER WEB BASE

Slide 37: We are living through a digital revolution

For personal use only We are living through a digital revolution TechnologyOne SaaS Enterprise software as a service 37

Slide 38: Traditional Hosted vs TechnologyOne SaaS Mass Production

Traditional Hosted Enterprise Software In the Cloud For personal use only Hand crafted to your specific needs – you only get what you pay for  Economy of scale - Massively scalable, Highly efficient , Cost effective TechnologyOne SaaS  Highly resilient & fault tolerant Mass Production  Elastic -

Slide 39: TechnologyOne SaaS Massive economy of scale

TechnologyOne SaaS Massive economy of scale  Never stop Update three Data Centres For personal use only  Disaster Avoidance instantaneously Activex8 SOC 1 SOC 2 U.K G-Cloud Audit Controls Compliance Controls Australian Federal Government Security PCI DSS 3.2 SAQ-D Standard The most Trusted Cloud b

Slide 40: Smart Mobile Devices: Ci Anywhere

For personal use only Smart Mobile Devices Ci Anywhere Enterprise Software Any device, Any where, Any time Enabling a digital world Enterprise software, incredibly simple 40

Slide 41: Flow across many devices in the course of a day

Flow across many devices in the course of a day For personal use only We are delivering our entire enterprise suite on mobile devices Enterprise Software intelligently adapts to the devices 280 customers on TechnologyOne SaaS Platform Target 1200 enterprise customers by 2022 41

Slide 42: Annual Recurring SaaS Platform Fees; Total Annual Recurring Revenue to 2022

Annual Recurring SaaS Platform Fees engine for significant profit growth in the coming years For personal use only As previously stated focus has moved from ACV growth to profitable growth in coming years Annual Contract Value - Compound Growth 69% per annum 160 $143.0M, UP 25% 140 $114.6M, 120 UP 3

Slide 43: Other Facts

Other Facts For personal use only Diversity of revenue streams from multiple: • Products 14 • Vertical markets 8 • Geographies 12 - All states of Australia, New Zealand, South Pacific, Asia and UK Strong, very loyal blue chip customer base • We provide a mission critical solution – ‘sticky customer

Slide 44: TechnologyOne

technologyone Transforming business, making life simple 44

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