Norwood : AGM Presentation

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CEO AGM Presentation

Paul Ostergaard 31 January 2022

Disclaimer

This presentation has been prepared Norwood Systems Ltd (the "Company"). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.

No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the onlyinformation, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation,

nor as to the attainability of any estimates, forecasts or projections set out in this presentation.

This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so).

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useunder any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded.

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F ture matters

This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company.

Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be ersonalaffected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No

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US Disclosure

This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any "US person" as defined in Regulation S under the US Securities Act of 1993 ("Securities Act"). The Company's shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other ju isdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an xemption for qualified institutional buyers.

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The year in summary

Key activities over the past 12 months - 1/2

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Core engineering focus has been on building Aïda, our new Intelligent Assistant platform, aimed at revolutionising telco call completion services.

Aïda is the most unique and market leading project Norwood has ever undertaken and we are now preparing to beta test it live with external parties for the first time.

We launched a major upgrade to World Voicemail (V4.0), delivering improved voicemail transcriptions that arguably now world's-best. Currently anticipating release of several telco tenders, for which its advanced capabilities would be a strong contender.

In the past quarter, we have been ramping our outbound business development telco engagement for Aïda, and successfully gained attention and interest in the Aïda proposition from C-level telco decisionmakers in Australia, North America and Europe.

C-level engagements are now developing into detailed discussions with project and product teams in several telcos. Based on the qualitative feedback received, we are highly optimistic about Aïda's future commercial prospects.

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Key activities over the past 12 months - 2/2

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Continued to grow revenue for our existing voicemail offerings, both for our own online service (steady 30% yr-on-yr revenue growth on the iOS App Store) and from our existing major telco voicemail client (secured purchase orders this past year for more than $700,000 annually).

Maintained an ongoing focus on reducing our operating expenses over the year, running the business ever more efficiently and bringing the company much closer to a cash flow break-even position.

For both World Voicemail and Aïda, continued to develop major potential partnerships and key relationships with a number of global telco vendors with a number of promising discussions underway.

To characterize the discussions, most prospective partners currently appear to be very
interested in potentially licensing or reselling the Aïda platform. Prospective partner
engagement on Aïda has also intensified over the past quarter, and further progress is
expected once Aïda is available for in-field evaluations.	5