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TZ LIMITEDAGM PRESENTATION

18th November 2014

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TZ Business Overview

1

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1 2 3 4 5

2015 …Explore licensing and partnership

opportunities

2013 …Achieve market

leadership positionin selected segments

2016 …Expand technologyoffering and pursue

new sectors

2010 …Develop and launch new

HW and SW system solutions to targeted segments

2009 – 2014Rebuild financial

position of TZ

The Journey …

þ þ þ

infrastructureprotection

packaged asset delivery

DC Micro-Security

Corporate LockersDay Lockers

Postal Lockers

No debt postconversion of

QVT notes

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TZ is the leader in SMArt Device™ technology combining state-of-the-art SMA actuated intelligent fastening and locking devices with TZ remote software control:

£ Enables Granular Security and Protection

£ Enables Remote Monitoring and Compliance

£ Reduces and Manages Security Risk

£ Eliminates Manual Work Practices

£ Allows Workflow Management / Optimisation

£ Improves System Productivity

infrastructureprotection

packaged asset delivery

Business Streams

Company Purpose

Revenue Model

è Data Centre Rack Security

è Intelligent Lockers

market size: ~ 25M installed base+ 2M new cabinets per year

addressable opportunity: > US$120M (estimated)

hardwaresale

softwarelicense

softwaremaintenance

supportservices+ + +

once off once off annuity service fee

corporate lockers: > 250,000 Locker Units per yearpostal lockers > 5,000 Locker Banks per year

addressable opportunity: Global, Large > US$500M

Our Business …F

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Accelerating revenue growth in high growth market sectors:Cloud Computing, E-Commerce

IP protected platform:Only SMA actuated electronic locking devices in the world

Retained and recurring business with large blue chip corporate client base as they expand deployment

Growth in annuity revenue from expanding installed base –software and service maintenance

Low resource needs once initial business and integrated systems established

Strategically coupled with client’s business due to tight software integration

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FinancialPerformance

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Financial Performance – Continuing Operations

Normalised EBITDA

EBITDA

2014Audited

2013*Audited

REVENUE

(A$8.5M)

(A$5.6M)

(A$11.8M)

(A$6.3M)

A$8.5M A$2.8M

NPAT (A$11.8M) (A$16.5M)

Normalised NPAT (A$8.9M) (A$11.1M)

Change %

EPS (cents)

Normalised EPS (cents)

(4.4) (9.7)

(3.3) (6.4)

28%

11%

208%

28%

20%

55%

48%

é

é

é

é

é

é

é

* Excludes PDT

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Sales by Business Unit

INFINITY REVENUE

PAD REVENUE

2014 2013

IXP REVENUE

A$5.4M

A$0.7M

A$1.6M

N/A

A$2.4M A$1.2M

Change %

238%

100% é

é

TOTAL BACKLOG A$3.3M A$0.6M 450% é

TZ met guidance of >$A8M in sales as outlined in the 2013 Annual Report

TOTAL REVENUE A$8.5M A$2.7M 215% é

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Investing for Growth2014 2013

GROSS MARGIN

COST OF GOODS

OPERATING REVENUE

50%

50%

A$8.48M

COMMUNICATIONS EXPENSE

OCCUPANCY EXPENSEIncludes Infinity Design Brisbane Office

EMPLOYEE BENEFITS EXPENSEIncludes Infinity Design Employees

A$0.28M

A$0.11M

A$5.74M

TRAVEL AND ACCOMMODATION

PROFESSIONAL/CORPORATE EXPENSE A$1.60M

A$0.84M

50%

50%

A$2.75M

A$0.22M

A$0.13M

A$3.85M

A$1.93M

A$0.72M

DEVELOPMENT COSTS A$0.07M A$0.38M

Change %

208%

50%

27%

18%

17%

é

é

é

é

é

17% é

82% éNo Change

No Change

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Annuity Revenue …R

even

ue G

row

th

Year 1 Year 2 Year 3 Year 4 Year 5 Year 5

Y1 Annuity

Y1+Y2 Annuity

Y1+Y2+Y3Annuity

Y1 Capital Purchase

Annuity = SW Maintenance Fees+ Service / Support Fees

= Target 10% of Capital Purchases

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Anatomy of a Deal …

Pilot5 to 10 Banks

Extended Pilot10 to 20 Banks

infrastructureprotection

packaged asset delivery

Phase 1 Roll-Out50 to 100 Banks

Accelerated Roll-OutProgressive > 100 Banks

ControlledLocations

BasicServices

Broader TestLocations

BasicServices

Network Establishment

Launch E-CommerceB2C Services

InfrastructureDevelopment

Service ExpansionB2B, B2B, C2C

Investment inBack-End Integration

Evaluation10 to 20 Cabinets

DC Roll-Out500 to 1000 Cabinets

Standardisation> 1000 Cabinets

Stand-Alone Trial

Integrated intoDCIM System

Roll-out to all DCNew and Retrofit

Pilot50 Cabinets

ServerSoftware

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IXP New Projects / Existing Client Potential

Project Description Sales Potential

IXP, NORTH AMERICA

Financial Institutions and Telco Projects

$7MNorth American Government Entities (Federal, State and City)

Sales through Distribution, OEM’s and Integrators

IXP, EUROPE

OEMs – SwingHandle Initiative$8M

Expansion from Datacentre Operators who have standardised on TZ

IXP, AUSTRALIA

OEMs –SwingHandle Initiative$3M

New Datacentres – planned infrastructure development

IXP, ASIA

Expansion into Asian Datacentre Operators $5M

2015 to 2018 Horizon

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Project Description Sales Potential

CORPORATE LOCKERS, USA

Expansion projects from existing Technology, IT and Financial Institution customers $10M

RESIDENTIAL LOCKERS, USA

National expansion of leading Property Management firms $10M

OTHER PAD BUSINESS, US AND AUSTRALIA

Higher Education Parcel Lockers$6M

Retail Click and Collect Parcel Lockers

DAY LOCKERS, AUSTRALIA

Banking, Insurance, Financial Services and New Corporate Clients $7M

POSTAL LOCKERS

Expansion of existing SE Asia Network - Singapore Post, Pos Malaysia, Pos Indonesia

$250MExpansion of US Logistics Network

European Postal Tender

European Postal Business – Pos Italiane Expansion, New Postal Business

PAD New Projects / Existing Client Potential2015 to 2018 Horizon

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OperationalReview

3

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TZ Praetorian™ Systemfor integration with 3rd party access control systems

TZ Centurion™ Systemfor stand-alone access control and environmental monitoring

IXP solutions offer data cabinet level ...

£ locking

£ sensing

£ remote management

delivers:

£ security

£ real-time monitoring

£ reporting

£ compliance

£ reduces risk of breach

infrastructureprotection

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PAD delivers smart locker solutions for ...

£ corporate

£ residential

£ government and institutional

£ retail

£ postal and logistics

packaged assetdelivery

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Strong Revenue Growth

FY2010 FY2011 FY2012 FY2013 FY2014 FY2010 FY2011 FY2012 FY2013 FY2014

infrastructureprotection

packaged asset delivery

A$2M

A$4M

A$6M

A$8M

A$10M

A$12M

A$4.0M

A$5.4M

A$1.2M A$1.6M

FY2015 FY2015

A$2.4M

A$11.0M

A$14.0M

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infrastructureprotection

£ Growth driven by increasing compliance requirements: PCI-DSS, HIPAA

£ Established installed base of credible customers in Australia, Europe and North America

£ Solid pipeline of future business through new project specification and through existing customer deployment expansion

£ Expansion into new geographies:South America, Middle East, South Africa, Asia

£ Improved hardware and software offering in line with market feedback

£ New product offerings to access new growth opportunities:OEM SwingHandle, Door Audit DeviceF

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packaged assetdeliveryaccountable mail - corporate

£ Growth driven by agile work environments and mobile employees

£ Focus on large corporate campus based operations or multi-location corporate offices

£ Predominantly US centric business with established installed base of large corporations

£ Solid pipeline of future business through existing customer deployment expansion

£ Major software upgrade release TZ Courier V2 due for release in early 2015

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packaged assetdeliveryday lockers - corporate

£ Growth driven by large corporates moving to agile work practices.

£ Launched in Australia on back of securing Westpac business

£ Solid pipeline of future business through new clients and existing customer deployment expansion

£ Significant new market segment for TZ representing large multi-million dollar contracts over multi-year supply

£ Global market trend … Focus on expanding into US market leveraging established corporate supply relationships

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packaged assetdeliveryresidential

£ US housing industry recovery prompting growth in the high density residential segment

£ Concierge lockers becoming standard utility in large condominiums

£ TZ focused on high-end properties where custom design and integration are highly valued

£ Solid pipeline of future business through established relationships with major property managers and residential property owners

£ Upgrading TZ Concierge software to differentiate against commodity locker providers

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packaged assetdeliveryretail

£ Reserve-and-collect services are becoming increasingly important for both bricks and mortar and e-commerce retailers

£ Consumers expect to be able to pick up their purchases when and where they choose.

£ Opportunities are emerging with a number of retailers in Australia:Hills Industries, Westfield (ADAM)

£ Interest in Asia, Europe and US also emerging due to Singapore Post, Poste Italiane and other high profile deployments

£ Major upgrade to ADAM Software platform underway to support Click and Collect offering

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packaged assetdeliverypostal + logistics

£ Growth driven by e-commerce and changes in first and last mile delivery logistics

£ Tender based business involving regulated process:RFI proposal, RFQ by invitation, submission evaluation and clarification. Once shortlisted: tender interview, scope definition, repricing, contract negotiation

£ Strong track record of success with tender submissions:Singapore Post, Pos Malaysia, Poste Italiane

£ Number of major tenders currently underway where TZ is shortlisted

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1

Key Priorities

focus on revenue growth … >$18M FY15 sales target

2 improve manufacturing cost … target 15% overall GM gain

3 build annuity revenue stream … higher value SW offerings

4 explore partnership opportunities to leverage TZ IP and technology

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Focus on Revenue Growth Infrastructure Protection:

£ Secure supply and service contracts with existing installed customer base.

£ Secure OEM supply relationships for TZ SwingHandle to penetrate existing mechanical lock market and build opportunities for future TZ electronic upgrade.

£ Build sales momentum with Government, Banking and Finance customers leveraging increasing PCI-DSScompliance requirements

£ Build client base with distribution partners in emerging growth markets such as South America and Asia

Packaged Asset Delivery:

£ Expand existing US corporate and residential customers leveraging strong track record of deployments.

£ Become the dominant Day Locker Offering for Corporate Australia targeting those corporates who are embracing agile workplace practices and introduce Day Locker Offering to US market targeting established TZ Corporate Clients.

£ Pursue Postal Parcel Locker tender opportunities in Asia, Europe, USA and South America as Postal organisations rapidly embrace parcel locker strategies to support e-commerce business

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Improve Manufacturing Cost Base

£ Successfully transition primary manufacturing of proprietary TZ components to China to materially improve manufacturing cost base

£ Build sourcing capability in Asia to improve purchasing economies for off-the-shelf hardware components that support system offerings

£ Establish scalable inventory management and logistics capability in Asia to ensure product availability and reduced freight costs through efficient consolidation and dispatch scheduling

GMGain

Dev

ice

Uni

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Current UnitCost Base

New UnitCost Base

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Build Annuity Revenue Streams

£ Move from single software license to higher value custom Application / Server / Integration software package offering

£ Establish new enterprise software licensing models to support major Client – Server deployments

£ Expand software offering to include hosted SaaS offerings to drive higher value licensing revenue

£ Build service and support maintenance packages to increase $ value of on-going annuity revenueAv

erag

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ftwar

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ApplicationSoftwareSell Value

Integrated Software/Service

Sell Value

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Explore partnership opportunities

£ Build strategic relationships with industrial partners to enable accelerated deployment through expanded distribution and business networks.

£ Explore partnering with integrated service offerings to access end-to-end turnkey opportunities.

£ Explore licensing opportunities in markets where TZ does not have capacity to service or support.

£ Explore new applications for TZ participation,i.e. Healthcare, Aerospace, Defense, Automotive

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Product Development

4

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Manufacturing Transition

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Manufacturing Transition

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Asian Supply Chain

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Asian Supply Chain

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Next Generation Devices

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Next Generation Devices

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Swing Handle

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Slide Handle V2

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Door Audit Device

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Corporate Lockers

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Locker Functional Extensions

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Locker Functional Extensions

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Locker Functional Extensions

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Locker Functional Extensions

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New Locker System

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Mobile Connectivity

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POPStation Mobile App

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ADAM C2C APP

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OurPAD

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OurPAD

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Important NoticeThe information contained in this presentation is given in good faith and has been prepared from information believed to be accurate and reliable. The information presented does not take into account your individual financial circumstances and it is not designed to be a substitute for specific financial or investment advice or recommendations and should be relied upon as such. You should consider talking to your financial adviser before making an investment decision. So far as the law allows, TZ Limited excludes all liability for any loss or damage whether direct, indirect or consequential.

This presentation includes 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. They involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of TZ Limited, and which may cause actual results to differ materially from those expressed in this presentation.

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