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Capital Markets Day 25 June 2020 Disclaimer Capital Markets Day 25 June 2020 Disclaimer The information contained in these slides The Presentation is being supplied to you solely for your Services and Markets Act 2000 (Financial Promotion) The Company is under no obligation to update or keep and communicated verbally to you, information. The Presentation has been prepared by, and is Order 2005 (S.I. 2005 (No 1529)) (as amended) (the current the information contained in this Presentation or the sole responsibility of Kape Technologies plc. (the “Financial Promotion Order”) made pursuant to section to correct any inaccuracies which may become apparent, including the speech(es) of the “Company”). The directors of the Company have taken all 21(5) of the FSMA: Investment Professionals (as defined in and any opinions expressed in it are subject to change presenter(s) and any materials distributed reasonable care to ensure that the facts stated herein are Article 19(5) οf the Financial Promotion Order); and High without notice. Neither the Company nor any of its true to the best of their knowledge, information and belief. Net Worth Companies (as defined in Article 49(2)). Persons respective directors, officers, partners, employees or at or in connection therewith (together, No undertaking, representation, warranty or other who do not fall within either of these definitions should advisers accept any liability whatsoever for any loss the “Presentation”) is confidential. assurance, expressed or implied, is made or given by or on not rely on the Presentation nor take any action based howsoever arising from any use of this Presentation or its behalf of the Company or any of its respective directors, upon it but should instead return it immediately to the contents or otherwise arising in connection therewith. The Reliance upon the Presentation for the officers, partners, employees or advisers or any other Company. The Presentation is exempt from the general contents of the Presentation have not been verified by person as to the fairness, accuracy or the completeness of restriction in section 21 of the FSMA relating to the the Company or its advisers. No liability is accepted by purpose of engaging in any investment the information or opinions contained herein and to the communication of invitations or inducements to engage in the Company or its advisers for any information or activity may expose an individual to a extent permitted by law no responsibility or liability is investment activity on the grounds that it is made only to opinions contained in the Presentation. accepted by any of them for any such information or certain categories of persons. The distribution of this significant risk of losing all of the property opinions. Notwithstanding the aforesaid, nothing in this document in jurisdictions other than the United Kingdom The Presentation contains forward-looking statements. or other assets invested. paragraph shall limit or exclude liability for any may be restricted by law and persons into whose These statements relate to the future prospects, representation or warranty made fraudulently. possession this document comes should inform developments and business strategies of the Company. Forward-looking statements are identified by the use of themselves about and observe any such restrictions. In If any person is in any doubt as to the The Presentation has not been approved by the Financial such terms as “believe”, “could”, “envisage”, “estimate”, particular, neither the Presentation nor any copy of it Conduct Authority and does not constitute, or form part of, “potential”, “intend”, “may”, “plan”, “will” or variations or contents of the Presentation, they should should be distributed, directly or indirectly, by any means an admission document, listing particulars, a prospectus or similar expressions, or the negative thereof. The forward seek independent advice from a person (including electronic transmission) to any persons with a circular relating to the Company, nor does it constitute, or looking statements contained in the Presentation are addresses in the United States of America (or any of its who is authorized for the purposes of the form part of, any offer or invitation to sell or issue, or any territories or possessions) (together, the “US”), Canada, based on current expectations and are subject to risks solicitation of any offer to purchase or subscribe for any Financial Services and Markets Act 2000 Japan, Australia or the Republic of South Africa, or to any and uncertainties that could cause actual results to differ ordinary shares in the Company. Further, neither the (“FSMA”) and who specializes in advising corporation, partnership or other entity created or materially from those expressed or implied by those Presentation nor any part of it, or the fact of its distribution, organized under the laws thereof. statements. If one or more of these risks or uncertainties on investments of this kind. shall form the basis of, or be relied upon in connection with, materialize, or if underlying assumptions prove incorrect, The Company’s ordinary shares have not been, and are or act as any inducement to enter into any contract for the the Company’s actual results may vary materially from not expected to be, registered under the United States ordinary shares in the Company. those expected, estimated or projected. Given these risks Securities Act of 1933, as amended, (the “US Securities and uncertainties, certain of which are beyond the Act”) or under the securities laws of any other jurisdiction, The Presentation may not be copied, reproduced or further Company’s control, potential investors should not place distributed, in whole or in part, to any other person, or and are not being offered or sold (i) directly or indirectly, any reliance on forward-looking statements. These published, in whole or in part, for any purpose without the within or into the US, Canada, Japan, Australia or the forward-looking statements speak only as at the date of prior written consent of the Company. Republic of South Africa or (ii) to, or for the account or the Presentation. Except as required by law, the Company benefit of, any US persons or any national, citizen or undertakes no obligation to publicly release any update or The Presentation is being distributed only to, and is resident of the US, Canada, Japan, Australia or the revisions to the forward-looking statements contained in directed at, authorized persons or exempt persons within Republic of South Africa, unless such offer or sale would the Presentation to reflect any change in events, the meaning of the FSMA or any order made thereunder or qualify for an exemption from registration under the US conditions or circumstances on which any such to those persons falling within the following articles of the Securities Act and/or any other applicable securities laws. Financial statements are based after the time they are made. 2 Introduction Ido Erlichman - Chief Executive Officer Digital privacy markets in light of the recent Covid-19 impact Ted Kim - Head of North America and Board Member Integration of Private Internet Access into the Kape group Richard Lee - Operations & Integration Director CyberGhost Privacy Suite Timo Beyel - CTO Digital Privacy Tommie Podzemski – VP R&D Digital Privacy Strategic objectives Ido Erlichman - Chief Executive Officer 3 Investment highlights Substantial global revenue growth 1. Fully focused on high growth privacy-first digital security space $m Revenues 80 2. Strong customer proposition underpinned by CAGR 12% 66.060 60 proven user acquisition model 52.060 48.226 38.241 40 37.229 3. Market leading privacy and software security products designed for global consumer markets 20 2015 2016 2017 2018 2019 4. Strong revenue visibility driven by a growing Strong EBITDA growth SaaS-based financial model $m Adjusted EBITDA 5. Proven track record of revenue and EBITDA growth 18 14.559 14 CAGR 23% 10.374 9 For the year ending 31 December 2020, we expect 8.085 revenues of above $120 million, and Adjusted 5.246 5.723 5 EBITDA of over $35 million 2015 2016 2017 2018 2019 *Excluding Kape’s discontinued operations 4 Kape’s journey to becoming a leader in the digital privacy space • Completed 5 acquisitions over 3.5 years; deployed over $159 million of capital on M&A • Proven track record of acquiring and successfully integrating businesses growth in paying subscribers, revenue and EBITDA Consistent H1 2018 500k H1 2019 1 million paying subscribers paying subscribers May March July December New management Acquisition Acquisition Acquisition team appointed of CyberGhost of Intego of PIA 2011-15 2016 2017 2018 2019 September 2014 October March October IPO on AIM Acquisition of DriverAgent Name change to Acquisition of Kape Technologies ZenMate H2 2016 - Launch of H2 2019 > 2 million a new strategic roadmap paying subscribers 5 Our aim is to make the internet a safe and accessible place for everyone Strong SaaS product suite, with a focus on digital privacy and digital security Digital Privacy Digital Security • CyberGhost, ZenMate and PIA applications are highly complementary • Restoro is a patented repair solution to fix PCs and Macs remotely; in their geographic focus removes malware and repairs computer software • Our products safeguard personal information when browsing the internet through unsecured networks and block malicious content • Proprietary Driverfix solution scans computers for outdated drivers across all Windows operating systems and devices • Additional privacy products Kape has an interest in: •
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