Limeade : Investor presentation for FY21 results

ersonal use only

ASX: LME

FY21 Financial

Results

February 2022

Notice & Disclaimers

only	This document dated 25 February 2022 has been prepared by Limeade, Inc. (ARBN 637 017 602)
(Company) and is provided for information purposes only. It contains summary information about the
	Company and its activities and is current as at the date of this document. It should be read in
	conjunction with the Company's periodic and continuous disclosure announcements filed with the
	Australian Securities Exchange, available at www.asx.com.au.
	This document does not constitute an offer, invitation, solicitation or recommendation with respect
	to the purchase or sale of any security in the Company nor does it constitute financial product
	advice. This document is not a prospectus, product disclosure statement or other offer document
use	under Australian law or under any other law. This document has not been filed, registered or
approved by regulatory authorities in any jurisdiction.
The information contained in this document is not intended to be relied upon as advice or a
	recommendation to investors and does not take into account the investment objectives, financial
	situation, taxation situation or needs of any particular investor. An investor must not act on the
	basis of any matter contained in this document but must make its own assessment of the Company
	and conduct its own investigations and analysis. Investors should assess their own individual
	financial circumstances and consider talking to a financial adviser, professional adviser or
ersonal	consultant before making any investment decision.
By reading this document you agree to be bound by the limitations set out in this document. No
representation or warranty, express or implied, is made as to the accuracy, reliability,
	completeness or fairness of the information, opinions, forecasts, reports, estimates and conclusions
	contained in this document. To the maximum extent permitted by law, none of the Company and
	its related bodies corporate, or their respective directors, employees or agents, nor any other
	person accepts liability for loss arising from the use of or reliance on information contained in this
	document or otherwise arising in connection with it, including without limitation any liability from
	fault of negligence.

Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of the Company.

Certain statements in this document constitute forward looking statements and comments about future events, including the Company's expectations about the performance of its business. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking statement. Subject to any continuing obligations under applicable law the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

Investors should note that this document may contain unaudited financial information for the Company that has been prepared by the Company's management. The Company's results are reported under US-GAAP. Investors should be aware that certain financial data included in this presentation including CARR, NRR, LTV and CAC is "non-IFRS information" under Regulatory Guide 230 (Disclosing non-IFRS financial information) published by ASIC or "non-GAAP financial measures" within the meaning of Regulation G of the US Securities exchange Act of 1934. Note that the Company is not required to comply with Regulation G, and it does not provide a reconciliation and other disclosures about its non-IFRS information or non-GAAP financial measures that would be required by Regulation G. All values are stated in US dollars unless otherwise stated.

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What we do

Limeade is an immersive employee well-being company that creates healthy employee experiences. Today, millions of users at 800+ companies in 100+ countries use

onlyLimeade solutions to reduce

burnout and turnover and increase well-being and engagement - ultimately elevating business performance

Why we exist

useTransform work into a source of positivity, energy, humanity and purpose

Who we are

300+ purpose-driven people in North

America (252), EU (17) and APAC (43) ersonalSoftware-as-a-service (SaaS) business

with 94% recurring revenue

O ly company with world-class employee Well-Being, EX and Listening solutions

16 years of experience - the pioneer of holistic workplace well-being

NOTE 1:. Number of employees as at 12/31/2021. This does not include part time employees. These are full time employees and includes employees on leave

Three solutions to create a healthy employee experience

79% HRCARRBenefits Buyer		8% HRCARRTalent & Other Buyers		CARR
						13% HR Talent & Other Buyers
Primary Target: Enterprise		Primary Target: Enterprise		Primary Target: Mid-Market
(5,000+)		(5,000+)		(500-5,000)
Secondary Target: Mid-Market		Secondary Target: Mid-Market		Secondary Target: Enterprise
(500-5,000)		(500-5,000)		(5,000+)
An immersive employee		A holistic approach to the future		Tools and insights to build an
well-being solution that creates		of work and an EX solution with		employee engagement strategy
healthy employee experiences		well-being at its heart		that works

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use only

A tech platform that helps companies care for people - and people care for themselves

Web, App and Mobile Experiences				Flow of Work
ACTIVITIES &		REWARDS &			LISTENING &			UPDATES
CONTENT		RECOGNITION		CONVERSATIONS

Self-Service and Administration

INTEGRATIONS	ACTIONS & INSIGHTS

ersonal

Offer employees the	Encourage employees to	Listen to employees,	Reach and connect with	Promote company	Measure what matters
opportunity to care for	recognize peers, teams	understand their needs	all employees with	resources, benefits and	and get actionable
themselves, learn and	and projects	and act	regular, flexible	Limeade partner	insights from real-time
improve			communications	services	dashboards

Personalization

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Huge, growing market

TAM	Global	CAGR
Market
Well-Being · Listening · Recognition $70.6B	12.5% (FY22-25)1
Size1

only

Massive pain

People are Leaving

Mental Health Crisis

Work & Life Disrupted

use

49M+

10.9M+

57%

32%

43%

49%

US voluntary

US job openings at

Very or Extremely

Stress is

Burned out at

Feel organization cares

quits in 20212

start of 20222

Stressed3

unmanageable3

work3

about their well-being3

Limeade is poised for success

ersonal

"Today, wellbeing platform providers are creating a seamless employee experience, using

"Limeade brings 15 years of insights and innovation - from wellbeing surveys, fitness

artificial intelligence to stitch together any number of specific solutions for the workforce in a

trackers, biometrics and more - to promote personalized, in-the-moment wellbeing

highly personalized app or desktop experience - effectively creating a one-stop shop that is

experiences into the flow of work. This collaboration further helps Microsoft customers get

curated for each employee. Limeade is a good example of this - it's an immersive well-being

moving and connect to relevant company benefits to reduce burnout and boost energy."

company that brings together all the pieces and makes it easy for employees to engage with the

Limeade Joins Microsoft Efforts to Help Employees Thrive in the New World of Work, Seth Patton, General

services and tools they need most."

Manager, Microsoft 365 Next Gen Productivity & Employee Experience at Microsoft, 2021

Five Essential Truths about Corporate Well-Being, The Josh Bersin Company, 2021

NOTE 1: Total Available Market (TAM) estimate is based on IDC report "Worldwide and U.S. Employee Experience

"[Limeade] shines for its holistic focus on employee well-being. It also shines for its clean and

Software and Services Forecast, 2021-2025," dated July 2021. Their definition of EX is "survey

attractive user interface, all informed by the science of care, mobile app, fitness tracker data,

feedback/measurement and recognition and well-being (including mental, physical, and financial well-being)." For a

more detailed and updated TAM analysis using substantially the same methodology as the Limeade 2019 IPO

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and benchmarking capabilities."

prospectus, please contact Limeade Investor Relations and request "Limeade Independent Expert Report 2022:

Employee Experience (EX) Software Solutions."

Forrester, 2020

NOTE 2: Bureau of Labor Statistics, 2022

NOTE 3: Limeade Institute Survey, 2021