Cirrus Networks Limited The Next-generation IT Solution Integrator

Investor Presentation | May 2015

PROFITABILITY Revenue

Y1 Y2 Y2.5 YTD Revenue $262,994 $5,869,723 $6,053,386 $10,326,236

Gross Profit $71,019 $1,447,719 $1,235,728 $2,129,756

EBITDA ($107,990) $34,219 $126,615 $220,450

NPAT ($111,298) $4,044 $108,641 $178,982

DELOITTE RISING STAR AWARD

“ Second fastest growing tech company in Australia for 2015 ”

Data #3

Agility

GrowthPotential

Empired

DimensionData

Alpha West

Kinetic

Fujitsu

xpanse

WHAT WE DO

With Cirrus IT means Innovation and Transformation

1876 Present

CLOUD CONNECTED

With Cirrus IT means Innovation and Transformation

MARKET OPPORTUNITY

Australian IT spend in 2014

$29.7bn of which spent on services

$77bn 2014 APAC IT spend

Increasing to $933bn by 2017

The “Internet of Things”

Will generate a revenue globally of $1.9 trillion by 2020

$1.9tn 30 billion connected

By 2020 it’s expected that globally over 30 billion devices will be internet connected

30bn

$767bn

OUR A-LIST OF BLUE CHIP CLIENTS

BEST OF BREED TECHNOLOGY Ready to be implemented

Innovative technology products are the key to our business

WHY INVEST IN US?

eCorp Data #3

Agility

GrowthPotential

Empired

DimensionData

Alpha West

Kinetic

Fujitsu

xpanse

DIRECTORS

Frank Richmond Managing Director Frank has over 17 years experience in the technology sector across the UK and Australia. During his time in Australia, Frank worked for Dell Computers running their Large Enterprise business, achieving its Top Achi.ever award in his first year Frank then setup Cirrus Networks in late 2012 and has turned the company into one of the fastest growing technology solutions providers in Australia, coming 2nd in the Deloitte Fast 50 Tech Companies – Rising Star category in 2014.

Andrew Milner Non-Executive Chairman Andrew is a veteran of the Australian Information technology Industry and has 20 years experience in managing successful high-growth technology businesses. He founded Wantree Internet which was acquired by iiNET in 1999. Andrew was then appointed to the iiNET board and spent 9 years with the company in executive and non-executive roles. In 2004 he was co-founder and Chairman of L7 Solutions, which he helped grow to annual turnovers of $55m, before it was acquired by Amcom in 2011.

Matthew Sullivan Non-Executive Director Matthew has more than 20 years experience in the information technology industry and has held various executive roles in Australia. He founded and was CEO of L7 solutions, which he helped grow to annual turnovers of $55m, before it was acquired by Amcom Telecommunications in 2011. During his time at L7 Solutions he was a 2005 and 2008 winner of the WA Business News “40 under 40” award. Most recently Matthew was Chief Solutions Officer at Amcom Telecommunications.

Patrick Glovac Non-Executive Director Patrick is the Managing Director of Applabs Technologies Ltd which is an ASX listed App Development and Venture Capital Company. Previously he spent 10 years with Bell Potter Securities, specialising in corporate transactions. Patrick is also currently a Director of ASX listed Liberty Resources Limited and GB Energy Limited. In 2014 he co-founded a boutique Corporate Advisory firm GTT Ventures Pty Ltd which specialises in providing funding for technology companies.

Daniel Rohr Non-Executive Director Daniel is a chartered accountant with over 20 years experience in management, corporate advisory, finance and accounting experience. He is currently the CFO and/or corporate advisor for a number of listed and non-listed businesses in the IT and mining sectors and has extensive experience in managing the development of high growth companies. Daniel was formally CFO of ecorp Ltd, the online division of Publishing and Broadcasting Limited.

NETWORKS GROWTH OUTLOOK

The Cirrus Networks full year results will be announced to the market in early July 2015 shortly following relisting on the ASX

Organic Growth •  Cirrus continues to achieve record quarter on quarter and year on year revenue growth •  Announced on the 30th March 2015 that it had won $4.6m of new contracts during the March

quarter alone Expansion Opportunities •  Eastern Australian States •  Singapore & Asia

Long-Term Contracts

•  Management contracts M&A •  Acquisitions are continually being reviewed and benchmarked against organic growth rate

SECTOR COMPARISON

Company Code Activities Mkt Cap Cash EV Revenue

Tomizone * PHW Wifi Solutions $18M $5M $13M $5.3M

Bullet Proof BPF Data Storage $28M $4M $24M $18.3M

Future Fibre * FFT Fibre Optical Cables $84M $21M $63M $13.0M

Empired EPD IT Solutions $92M $5M $87M $67.0M

Covata CVT Data Security $203M $14M $189M <$1M

Iwebgate IWG Data Security $220M $3M $207M <$1M

Cirrus Networks CNW IT Solutions/Data Security $16M $3M $13M $10.3m

YTD

*Upcoming ASX listings

INDICATIVE TIMETABLE

Event Date

Despatch of Notice of Meeting seeking approval of Acquisition 22 April 2015

Lodgement of the Prospectus with ASIC 15 May 2015

General Meeting to approve Change in Nature and Scale of Activities 22 May 2015

Suspension of LBY’s securities from trading on ASX 22 May 2015

Offer under Prospectus Closes 5 June 2015

Anticipated date LBY’s securities commence trading again on the ASX Late June 2015

TRANSACTION OVERVIEW

•  Reverse merge onto ASX from Liberty Resources Limited (ASX:LBY) to Cirrus Networks Holdings Limited (ASX:CNW)

•  Valuation of $9M pre-money •  Minimum $3M raise with a maximum of $5M at 3c per share

Targeting $3.5M •  Cornerstone support already received

Pre Consolidation

Securities $3M $5M

Existing issued securities 287,449,326 287,449,326

Securities on issue Post Consolidation 143,724,663 143,724,663

Consideration Securities 302,000,000 302,000,000

Post Consolidation Capital Raising 100,000,000 166,666,667

TOTAL SECURITIES POST CONSOLIDATION 545,724,663 612,391,330

HIGHLIGHTS

•  Proven revenue generating model

•  Highly growth focused with continuing rapid revenue expansion

•  High quality experienced Directors and Management

•  Exposure to the growing Australian IT market

•  Significant growth opportunities providing value add to shareholders

CONTACT DETAILS

Frank Richmond Managing Director frank@cirrusnetworks.com.au +61 488 066 012

Patrick Glovac Director patrick@gttventures.com.au +61 421 812 264

APPENDIX

WHAT IS AN IT SOLUTION INTEGRATOR?

Goals •  Reduces costs for clients •  Drives “efficiency dividends”

Typical Benefits

•  Up to 30% cost savings - IT and admin •  Up to 30% improvement in Government services at reduced cost

Implementing New Technologies •  Everyone “knows” about cloud based systems – but do they? •  Provide best of breed solutions

Advisory

Integration

Manage

An IT integrator provides computing systems for clients by combining hardware and software products from multiple vendors.

CIRRUS PRODUCTS AND BUSINESS MODEL

Advisory Integration Manage

Cirrus Networks is a disruptive IT solutions provider. We help business understand their technology needs, and implement solutions that are world-leading, best of

breed, cost effective and efficient for long-term operational gain

•  Policies •  Processes •  Cloud Assessments •  Financial Modeling •  Business Intelligence •  Business Analysis and

Recommendations

•  Annuity Services •  Service Desk •  Outsourcing •  Data Centre Services •  Support Services •  Cloud Management •  Maintenance •  Licensing •  Monitoring and Reporting •  Proactive and Reactive Services

•  Vendor Technology Selection •  Project Management •  Solution Designs •  Technical Assistance •  Vendor Support and

Integrated Systems

FINANCIAL PERFORMANCE

Year 12 months to 30/6/2013

12 months to 30/6/2014

6 months to 31/12/2014

Year to Date 31/03/2014

Revenue $262,994 $5,869,723 $6,053,386 $10,326,236

Gross Profit $71,019 $1,447,719 $1,235,728 $2,129,756

EBITDA ($107,990) $34,219 $126,615 $220,450

NPAT ($111,298) $4,044 $108,641 $178,982

Cirrus Networks is a disruptive IT solutions provider. We help business understand their technology needs, and implement solutions that are world-leading, best of breed, cost effective and efficient for long-term operational gain

CUSTOMER CONTACT Driving Margin Growth

Cirrus has established excellent business relationships with its blue chip client base and is rolling out the next phase of its business plan to drive growth by increasing its high margin product offerings across the board

Service Value Margin

Advisory $100,000 20%

Integration $600,000 5%

Managed $300,000 50%

Total $1,000,000 20% avg

Service Value Margin

Advisory $100,000 20%

Integration $600,000 5%

Managed $800,000 60%

Total $1,500,000 35% avg

Approximately 60% of the Gross Margin increase will flow through to the EBITDA line

Current client contract example: $1,000,000 value

Data Security, Big Data, Data Analytics, Disaster Recovery,

Cloud, Networking & Telephony

Increases the client contract value and drives margin growth

+

=

GROWTH STRATEGY IS WELL UNDERWAY Cirrus has identified further building blocks to focus on high annuity driven services to continue to expand upon

Vertical Services Growth

Horizontal Technology Growth

Cloud DNA (Building Blocks)

Cirrus Service Vertical

Advisory Services Policies, Processes, Cloud Assessments, Financial Modeling, Business Intelligence, Business Analysis and Recommendations

Integration Services Vendor Technology Selection, Project Management, Solution Designs, Technical Assistance, Vendor Support and Integrated Systems

Managed Services Annuity Services, Service Desk, Outsourcing, Data Centre Services, Support Services, Cloud Management, Maintenance, Licensing, Monitoring and Reporting, Proactive and Reactive Services

Data Storage Current

Network Current

Security Current

Data Centre Building

End User Compute Building

Unified Comms Building

Business Applications

Future

OUR BUSINESS Advisory Services

End to End IT Solution

End to End IT Solutions

Objectives are always different and can take the form of either top-line or bottom-line growth, scalability, performance, efficiency, compliance and/or business contraction. This normally requires various workshops, data mining, process modelling and risk impact studies to quantify the priority and relative change needed within the business.

Business Focused

Think Differently

Right Technology

Highly Skilled

1

2

3

4

OUR BUSINESS Integration Services

Cirrus partners with leading global IT and cloud vendors to provide a best practice solution that is affordable, risk averse and able to be maintained efficiently

Leading Global IT Vendors

Cloud Vendors

Best Practise Solution

Managed by Cirrus PMO

1

2

3

4

OUR BUSINESS Managed Services

All technology solutions need to be managed, maintained and evolved over time to ensure that changing business outcomes are met. Cirrus has implemented a purpose built Operations Centre in WA to perform those activities for clients on a 24 /7 basis.

Annuity Services

Service Desk

Data Centre Services

Monitoring and Maintenance

1

2

3

4

Disaster Recovery and Business Continuity

5

DISCLAIMER

This Presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this Presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of the assets and consult their own legal, business and/or financial advisers. The information contained in this Presentation has been prepared in good faith by Cirrus Networks Limited, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in the Presentation. To the maximum extent permitted by law, Cirrus Networks Limited its Directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this Presentation. Certain information in this Presentation refers to the intentions of Cirrus Networks Limited, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purpose of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Cirrus Networks Limited’s actual results, performance or achievements to differ from those referred to in this Presentation. Accordingly, Cirrus Networks Limited, its Directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the Presentation will actually occur as contemplated.