1H FY16 Results. For personal use only. Leigh Jasper, CEO Steve Recht, CFO. 23 February Trusted by the world s largest projects

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1 1H FY16 Results Leigh Jasper, CEO Steve Recht, CFO 23 February 2016 Featured Project: Marina Bay Sands Casino Resort, Singapore 1 Trusted by the world s largest projects

2 Agenda Tod Bottari Investor Relations Welcome Leigh Jasper CEO Business overview Steve Recht CFO Financial overview Leigh Jasper CEO Outlook All Q&A 2

3 Safe harbour statement Forward-looking statements This presentation includes certain forward-looking statements that are based on information and assumptions known to date and are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, these forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Aconex. These factors may cause actual results to differ materially from those expressed in the statements contained in this presentation. For example, the factors that are likely to affect the results of Aconex include its ability to attract and retain customers, competition from other market participants, challenges faced by its international expansion plans, or difficulties associated with its technology systems. Financial information All financial information has been prepared and reviewed in accordance with Australian Accounting Standards. Certain financial data included in this presentation is non-ifrs financial information. The company believes that this non-ifrs financial information provides useful insight in measuring the financial performance and condition of Aconex. Readers are cautioned not to place undue reliance on any non-ifrs financial information and ratios included in this presentation. Market share information All market share information in this presentation is based on management estimates and internally available information, unless otherwise indicated. Currency All amounts in this presentation are in Australian dollars unless otherwise stated. No offer of securities Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell Aconex securities in any jurisdiction. Reliance on third party information The views expressed in this presentation contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by Aconex. 3

4 Agenda Tod Bottari Investor Relations Welcome Leigh Jasper CEO Business overview Steve Recht CFO Financial overview Leigh Jasper CEO Outlook All Q&A 4

Rapid revenue growth in ANZ and internationally significant profit increase 5 5 Total revenue $55.7 million 46% 1 Gross margin 76% from 74% ANZ revenue $23.9 million 39% EBITDA 2 $7.

5 Rapid revenue growth in ANZ and internationally significant profit increase 5 5 Total revenue $55.7 million 46% 1 Gross margin 76% from 74% ANZ revenue $23.9 million 39% EBITDA 2 $7.0 million 3 from $0.5 million University Dubai of Airport Cambridge Concourse US$1.7B 3 US$4.5B project, project, Cambridge, Dubai, England, U.A.E. U.K. International revenue $31.8 million 52% NPAT 2 $5.3 million 4 from ($2.1) million 1) 34% on a constant currency basis. 2) From core operations. 3) $6.5 million including costs of $0.5 million related to acquisitions of Worksite and CIMIC Group INCITE Keystone business. 4) $4.8 million including acquisition-related costs. Included one-time income tax benefit of $1.7 million on recognition of portion of tax losses.

6 Strong revenue growth trend with high gross margin Revenue Gross Profit (Gross Margin) $ millions $ millions Growth 1 46% YoY 31% CAGR 61.9 Growth 1 50% YoY 34% CAGR (76%) (70%) 23.7 (74%) 28.0 (73%) FY13 FY14 FY15 1H FY16 FY13 FY14 FY15 1H FY16 1st Half Full Year 1st Half Full Year Note: All financial information is shown on a core operations basis. 1) YoY Year over year, from 1H FY15 to 1H FY16. CAGR compound annual growth rate, from 1H FY15 to 1H FY16. 6

7 Growth and scale driving increasing profitability Operating Contributions (Contribution Margin) EBITDA $ millions $ millions 12% EBITDA margin 34.0 Growth 1 80% YoY 50% CAGR (47%) (0.4) (38%) (36%) 7.8 (31%) FY13 FY14 FY15 1H FY16 (2.3) (5.4) (10.0) FY13 FY14 FY15 1H FY16 1st Half Full Year 1st Half Full Year Note: All financial information is shown on a core operations basis. 1) YoY Year over year, from 1H FY15 to 1H FY16. CAGR compound annual growth rate, from 1H FY15 to 1H FY16. 2) $6.5m including acquisition-related costs of $0.5m. 7

8 Consistent execution of a diversified, leveraged growth strategy 1. Grow the network Aconex strategy 2. Expand product breadth 3. Drive scale 8

The Aconex model building our global user network Growth of the user network for a major hospital project in Australia Grow the network Year 1 Year 2 Year 3 Year 4 Customer benefits: Connect entire

9 The Aconex model building our global user network Growth of the user network for a major hospital project in Australia Grow the network Year 1 Year 2 Year 3 Year 4 Customer benefits: Connect entire project team Streamline project-wide information flows Automate mission-critical crosscompany processes Driving network effects: Aconex Unlimited Trusted neutrality Scalability Capturing big data: Serving more projects around the world Order of magnitude more data than direct competitors 1.7 billion documents 1 9 1) Documents and correspondence on Aconex.

10 Network effects drive new customer and project wins Grow the network Project networks seed new business through referrals, upsells and stickiness Example of customer network effects starting with Brookfield Multiplex 10

Enterprise deals drive network and revenue growth Grow the network Continued growth in enterprise agreements with global construction leaders Increasing standardisation of Aconex across customer

11 Enterprise deals drive network and revenue growth Grow the network Continued growth in enterprise agreements with global construction leaders Increasing standardisation of Aconex across customer project portfolios 1H FY16 Total Revenue Percent H FY16 ANZ Revenue Percent Enterprise Project 42 enterprise deals in 1H FY16 Accelerating shift from internal systems to neutral, project-wide collaboration

12 Aconex connects teams on critical project-wide processes Save money. Increase productivity. Manage project risk. Expand product breadth API Plan Bid Design Construct Operate Dashboards & Insights Document Control BIM Collaboration Workflows & Approvals RFIs & Change Orders Bidding & Tenders Submittals Cost Management Field Inspections Handover to Operations 69% growth in R&D investment expand product breadth to increase value to customers. 12

Connected cost product integration on track for roll-out less than 7 months from acquisition Expand product breadth Worksite acquisition in July 2015 Integration of connected cost solution phase 1

13 Connected cost product integration on track for roll-out less than 7 months from acquisition Expand product breadth Worksite acquisition in July 2015 Integration of connected cost solution phase 1 complete Opening new, consolidated San Francisco office in March Rolling out product to selected customers Full commercial launch later in 2016 Strong customer interest across all regions US$1T annually lost to cost overruns 1 35% of projects exceed budget and schedule by over 10% 2 Project-Wide Collaboration & Cost Processes Trap potential cost implications early + Project cost control & EVM Real-time visibility for decision-making Cross-company information flows with cost and schedule impacts Project control, budgets, forecast & committed costs, schedule. Single version of the Truth Integrated to internal systems 1) PricewaterhouseCoopers, Oxford Economics, Capital Project and Infrastructure Spending Outlook to 2025 (2014). 2) Booz Allen Hamilton, Capital Project Execution in the Oil and Gas Industry (2006). 13

Expand product breadth Platform integration of INCITE Keystone on track 14 14 Formed strategic partnership with CIMIC

resources Migrated INCITE Keystone service delivery platform to Aconex Note: The strategic partnership agreement

14 Expand product breadth Platform integration of INCITE Keystone on track Formed strategic partnership with CIMIC Group on 4 August 2015 Integrated INCITE Keystone and Aconex teams in new Sydney office Aligned service and support resources Migrated INCITE Keystone service delivery platform to Aconex Note: The strategic partnership agreement between Aconex and CIMIC Group was signed on 5 August 2015, subsequent to the end of FY15. Dubai Metro US$7.8B project, Dubai, U.A.E.

15 International business units are accelerating and following the ANZ trajectory of increasing margins with scale Drive scale Revenue by Region 1H $m 1H FY16 Growth 1H FY16 Regional Performance Contribution $m and margin as percent Region 1 Revenue Contribution Margin 39% ANZ % 20 64% EMEA % 10 51% Americas % International: 57% of total revenue 29% Asia % 0 FY12 FY13 FY14 FY15 FY16 1) Year started ANZ 2001, EMEA 2003, Asia 2005, and Americas

The world s largest owners and contractors use Aconex 19 new top 500 1 customers ANZ 39%

Wins Enterprise Agreements Won Billbergia Group: Wentworth Point Austin Industries: SFO

California High Speed Rail (US) Ridong (Gold Coast) Development: Jewel Surfers Paradise

Casino expansion Fluor: Sunoco plant (US) Houston Airport System (US) 86 of 100 top

YOY EMEA 64% growth YOY Key Project Wins Enterprise Agreements Won Key Project Wins

Hong Kong Airport Authority Hyundai E&C: KNPC refinery (Kuwait) Imperial Pacific: Grand

oilfield (Iraq) IDRIS JV: Doha MTS (Qatar) SHBC: Al Adan Hospital (Kuwait) Obayashi: KMG

Impregilo: Copenhagen Cityringen Metro (Denmark) Saudi KAD Contracting: Saudi Aramco gas

16 The world s largest owners and contractors use Aconex 19 new top customers ANZ 39% growth YOY Americas 51% growth YOY Key Project Wins Enterprise Agreements Won Key Project Wins Enterprise Agreements Won Billbergia Group: Wentworth Point Austin Industries: SFO airport (US) Precinct Properties New Zealand: Downtown Tower (Auckland) Dragados: California High Speed Rail (US) Ridong (Gold Coast) Development: Jewel Surfers Paradise Enbridge: Hardisty Crude Oil Terminal (Canada) SKYCITY Entertainment Group: Adelaide Casino expansion Fluor: Sunoco plant (US) Houston Airport System (US) 86 of 100 top contractors 30 enterprise agreements Tesla Motors: battery factory (US) Asia 29% growth YOY EMEA 64% growth YOY Key Project Wins Enterprise Agreements Won Key Project Wins Enterprise Agreements Won Beijing Boton Galasys Technology: CCCC Industrial Park (China) Hong Kong Airport Authority Hyundai E&C: KNPC refinery (Kuwait) Imperial Pacific: Grand Mariana Hotel & Casino Resort (Saipan) Dubai World Trade Center Exxon Mobil: West Qurna oilfield (Iraq) IDRIS JV: Doha MTS (Qatar) SHBC: Al Adan Hospital (Kuwait) Obayashi: KMG Bridges (Bangladesh) Swire Properties: Dalian TaiKoo commercial project (China) Salini Impregilo: Copenhagen Cityringen Metro (Denmark) Saudi KAD Contracting: Saudi Aramco gas pipeline Diversified customer base by region and industry vertical 16 1) The top 500 owners and contractors based on annual project spend.

17 Agenda Tod Bottari Investor Relations Welcome Leigh Jasper CEO Business overview Steve Recht CFO Financial overview Leigh Jasper CEO Outlook All Q&A 17

18 18 Revenue, EBITDA and NPAT exceed forecast update 1H FY16 results from core operations $ millions 1H FY15 1 1H FY16 1 forecast 2 Prospectus Forecast update 3 Revenue 38.1 55.7 4 44.

18 18 18 Revenue, EBITDA and NPAT exceed forecast update 1H FY16 results from core operations $ millions 1H FY15 1 1H FY16 1 forecast 2 Prospectus Forecast update 3 Revenue Gross profit Gross margin 74% 76% 76% Operating costs EBITDA NPAT (2.1) ) Operating costs, EBITDA and NPAT were based on core operations, which excluded one-time IPO costs, foreign currency exchange losses and gains/losses associated with Francisco Partners investment. 2) IPO prospectus dated 25 November ) ASX market disclosure dated 25 August ) $2.8m and $1.8m of revenue growth due to CIMIC Group partnership and currency movement, respectively. Tocumen Indira Gandhi International International Airport Airport US$679M US$2B project, project, Panama New Delhi City, Panama 5) $38.3 million including acquisition-related costs of $0.5 million. 6) $6.5 million including acquisition-related costs of $0.5 million. 7) $4.8 million including acquisition-related costs of $0.5 million. Included one-time income tax benefit of $1.7 million on recognition of portion of company s tax losses.

19 Revenue growth outperforms forecast Strong core operating performance New business from enterprise agreements 46% growth YoY Foreign currency exchange movements FX Constant currency revenue growth = 34% 19

Diversified customer mix balances growth and cyclicality 20 20 1H FY16 revenue by vertical sector Percent 14 Commercial & Residential Construction 45 41 Government & Infrastructure,

20 Diversified customer mix balances growth and cyclicality H FY16 revenue by vertical sector Percent 14 Commercial & Residential Construction Government & Infrastructure, Power, Other Mining, Oil & Gas New Royal York Adelaide City Hall Hospital US$100M US$1.9B project, project New York 1H FY16 revenue by region Percent Sales 43 ANZ Americas Asia EMEA

21 All regions deliver positive operating contributions Following growth trajectory of ANZ ANZ Americas $ millions $ millions 39% 23.9 Drive scale Revenue 1 Operating Contribution % % margin % 10.0 (0.3) % margin 1H FY15 1H FY16 1H FY15 1H FY16 Asia EMEA $ millions $ millions 29% % H FY % 1H FY16 Note: All financial information is based on core operations. 1) Constant currency revenue growth rates: Americas 31%, Asia 14%, EMEA 37% % margin 9.5 1H FY % 1H FY % margin 21

Visibility of forecasted revenue is high 22 22 Forecasted revenue contracted 1 Percent FY16 97 CY16 1) Includes accretive impact of CIMIC Group partnership. 78 Near Term: 1-2 Yrs. 38.

22 Visibility of forecasted revenue is high Forecasted revenue contracted 1 Percent FY16 97 CY16 1) Includes accretive impact of CIMIC Group partnership. 78 Near Term: 1-2 Yrs Battersea Venetian Power Station Macau US$13.6B US$1.8B Qatar Rail US$36B project, project, Project London Macau UK Average subscription terms 1H FY16 1 Months ANZ Americas Asia EMEA Average 40.6

23 Cost control on strong revenue growth drives profitability Gross profit Operating costs Growth YoY $ millions, percent 42.1 $ millions % 31% % % 76% % % 1H FY15 1H FY16 1H FY15 1H FY16 Engineering & Product Development Sales & Marketing General & Administrative 31% expense growth on 46% revenue growth R&D cash expenses of $5.5m in 1H FY15 and $9.3m in 1H FY16 69% increase Variable S&M expenses to support regional and vertical growth opportunities 23

Strong cash position maintained through acquisitions 24 Total Assets $millions 67.0 30 June 2015 1) Includes restricted cash. Reef 24Island US$1.2B project, Bahrain 77.

24 Strong cash position maintained through acquisitions 24 Total Assets $millions June ) Includes restricted cash. Reef 24Island US$1.2B project, Bahrain December 2015 Total Cash and Cash Equivalents 1 $millions June 2015 Mid Tapti Gas Field US$500M project, India Acquisition payments of $9.6 million December 2015

25 Agenda Tod Bottari Welcome Leigh Jasper Business Overview Steve Recht Financial overview Leigh Jasper, CEO Outlook All Q&A 25

26 Market trends driving growth for Aconex Trends reinforcing construction collaboration software Industry: Increasing project complexity New project delivery structures PPPs, IPD, JVs, etc. Regulation and compliance Technology: Broad-based move to the cloud / SaaS Industry technology shifts mobility and BIM Increasing data sophistication Big Data, Internet of Things Increased demand for 26

We have significant opportunities for continued strong growth 27 27 US$5.

27 We have significant opportunities for continued strong growth US$5.6-billion TAM with <10% penetration 1 Network effects driving new customer and project wins and opportunities Shift from internal systems to project-wide collaboration M&A for bolt-on technologies and market consolidation Increasing operating leverage with global scale 1) Frost & Sullivan, Independent Market Report on the Construction Collaboration Solutions Market (2014). Yas Island US$40B project, Abu Dhabi, U.A.E. Battersea Eureka Power Tower Station US$467M US$13.6B project, project, Melbourne, London, Australia U.K.

Business outlook balances profitability and growth investments 28 28 Yas Island US$40B project, Abu Dhabi, U.A.E.

28 Business outlook balances profitability and growth investments Yas Island US$40B project, Abu Dhabi, U.A.E. Strategy Grow the network Expand product breadth Drive scale Eureka Tower US$467M project, Melbourne, Australia Financial results Balanced growth and profitability: Increasing revenue Increasing earnings

29 Agenda Tod Bottari Welcome Leigh Jasper Business Overview Steve Recht Financial overview Leigh Jasper Outlook All Q&A 29

30 Thank you Featured Project: Dubai International Airport US $4.5B Value 30 Trusted by the world s largest projects

31 Appendix A: Reconciliation of IFRS statutory accounts to EBIT and EBITDA from core operations Non-core adjustments, including acquisition-related costs Income statement per IFRS statutory accounts Class A Preference Shares Foreign currency losses Income statement from core operations For year ended 31 December 2015 Depreciation and EBITDA from core ($000's) Listing fees amortisation operations Revenues 55, ,669-55,669 Cost of revenues ( 13,560) ( 13,560) 222 ( 13,338) Gross profit Engineering and product development ( 7,062) ( 7,062) 1,399 ( 5,663) Sales and marketing ( 20,897) ( 20,897) 8 ( 20,889) General and administrative ( 10,505) ( 9,734) 963 ( 8,771) Profit before interest and tax (EBIT) 3, ,416 2,592 7,008 Finance income / (expense) Profit/ (loss) before income tax 3, , Income tax expense Profit / (loss) for the half-year 4, , Non-core adjustments Income statement per IFRS statutory accounts Class A Preference Shares Foreign currency losses Income statement from core operations For year ended 31 December 2014 Depreciation and EBITDA from core ($000's) Listing fees amortisation operations Revenue 38, ,080-38,080 Cost of revenues ( 10,028) ( 10,028) 298 ( 9,730) Gross profit Engineering and product development ( 4,565) ( 4,565) 1,158 ( 3,407) Sales and marketing ( 17,265) ( 17,265) 6 ( 17,259) General and administrative ( 14,025) - 5,149 1,195 ( 7,681) 466 ( 7,215) Profit before interest and tax (EBIT) ( 7,803) 0 5,149 1,195 ( 1,459) 1, Finance income / (expense) 20,988 ( 20,979) Profit/ (loss) before income tax 13,185 ( 20,979) 5,149 1,195 ( 1,450) - - Income tax expense ( 694) ( 694) - - Profit / (loss) for the half-year 12,491 ( 20,979) 5,149 1,195 ( 2,144)

FY15 Results. Leigh Jasper, CEO Steve Recht, CFO. 25 August Trusted by the world s largest projects

FY15 Results. Leigh Jasper, CEO Steve Recht, CFO. 25 August Trusted by the world s largest projects FY15 Results Leigh Jasper, CEO Steve Recht, CFO 25 August 2015 Featured Project: Dubai International Airport US $4.5B Value 1 Trusted by the world s largest projects Agenda Tod Bottari Investor Relations