Financial and operational results12 months to 31 December 2019

Disclaimer

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This presentation has been prepared on behalf of the Getech Group plc (“the Company”) solely for information and should not beconsidered to be an offer or solicitation of an offer to buy or sell or subscribe for any securities, financial instruments or any rights attachingto such securities or financial instruments.

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12-months to 31 December 2019

• Revenue £6.1m (2018: £8.0m) plus new forward sales of £2.4m (2018: £1.7m)

• Orderbook increased by 48% to £3.1m at 31 December 2019

• Annualised Recurring Revenue £2.3m at 31 December 2019

• Adjusted EBITDA £0.9m (2018: £1.3m), reflecting positive impact of lower total costs

• Net cash £2.7 million at 31 December 2019 (31 December 2018: £0.5 million), with

the Group generating operating free cash in H2 2019.

• Non-core property asset with an ‘in use’ value of £2.4m

Geoscience & GIS for Energy and Natural Resources

We map the structures and systems that

shape the Earth’s crust

Geoscienceknowledge

Create, store, integrate, manipulate, analyse and visualise

Geospatialexpertise

Covid-19 and Outlook

• Move to homeworking has been smooth – projects remain on time and to cost

• Capital preservation - monthly Group costs have been lowered by c26%.

• Retain further flexibility but have mantained capacity to deliver our orderbook

and to maximise the value of sales conversations and new business activities

• 2020 will be very challenging, but our balance sheet strength, orderbook and

transferable skills will be key to weathering this storm.3

We supply the expertise, support and knowledge that companies and governments need to

better discover, develop and manage Natural Resources

Covid-19: deeper + faster capex cuts than 2009 or 2015

Capex -$128bn; Opex -$18bn; dividend and buybacks -$32bn

Cuts have been deepest in unconventional settings

Source: Rystad Energy, Stifel estimates

-26%

Upstream oil and gas capital spending (US$ bln)

4

70

75

80

85

90

95

100

105

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4

2015 2016 2017 2018 2019 2020 2021

World Production (mmbbls/d)

World Consumption (mmbbls/d)

//

0

Demand and Supply balance returning

Demand fell suddenly

and unexpectedly

Production response

has built in momentum

Demand recovery and

supply reductions

forecast to reduce

global stock build

Brent has doubled since

its low on 21 April-5

0

5

10

15

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4

2015 2016 2017 2018 2019 2020 2021

Build (mmbbls/d) Draw (mmbbls/d)

Source: EIA

Source: EIA

Crude oil – global production and consumption

Global oil stock change – history and forecast

forecast

5

Long-run prices are important – but so is confidence

Brent forward curve bottomed in late April

Whole curve has since moved higher• Contango has flattened - lowers the incentive to store crude• Points to an improving physical demand/supply balance.

Long end of the forward curve is now cUS$2/bbllower than on 1 Jan 2020

WTI is now higher than on 1 Jan 2020

The unexpected catalyst for the fall, the speed and depth of demand destruction, and

remaining future uncertainty leave our customers cautious

Brent futures curve (US$/bbl)

$20

$25

$30

$35

$40

$45

$50

$55

$60

$65

$70

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

10 January 2020

02 June 2020

21 April 2020

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Core customer markets have been hit hard

Energy Investment – pandemic has hit every part of the energy sector (US$bln)

• Valuable mix of supermajors, independents, governments and IGOs

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Energy Investment – pandemic has hit every part of the energy sector (US$bln)

Targeting growth along the energy value chain

• Valuable mix of supermajors, independents, governments and IGOs

• We are beginning to diversify in target areas across the energy value chain

• This adding to our broader ‘natural resource’ market exposures8

Excellence in our core business

Essential data for reducing exploration risk

• Multi-Sat 2020 - customer-funded upgrade

• Government Advisory - supporting Sierra Leone Government, providing access to seismic and well data

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Understand the earth’s evolution, to better predict the location of its natural resources

• Thermal mapping R&D delivers new Heat Flow data

• Focus enhancements - N America, Devonian and Carboniferous

• Enhanced Globe analysis tools to explore past climate conditions

• Innovation R&D workstreams e.g. micro-seep detection solution

Exploration Risk Management - Operational Efficiency -Production Optimisation - Site Analysis and Planning

• New well pattern design capabilities - meet evolving market needs

• Future-proofing our products by releasing ArcGIS Pro versions

• Teams awarded “Release Ready Specialty” by Esri

Expertise deployed into new markets

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Geospatial for HSE

Improve situational awareness

and crisis response

• Real time monitoring

• Integrate multi-source data

• Visualize and share all key information with one map view

• Fast spatial analysis of an impending event

• An informed incident response plan in minutes

Maps AppsAnalysisData

Geospatial for Pipelines

Ensure system integrity and

regulatory compliance

• Design, implement and deploy a PODS (Pipeline Open Data Standard) database

• Track the status & health of your pipeline assets

• Spatial alignment of historical data sets

Geospatial for Renewables

Optimize site location and

monitor operations

• Site Suitability Analysis: solar and wind energy potential, substrate, visual impact assessment

• Monitor assets in real time and optimize activity: construction, HSE, inspection and maintenance

Financial Review12 months to 31 December 2019

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Protecting profitability

Revenue £6.1m (2018: £8.0m)

Fwd. Sales £2.4m (2018: £1.7m)

EBITDA £0.9m (2018: £1.3m)

• Profitability protected by lower costs

Revenue and EBITDA margin

Costs 16% below 2018 (£6.4m)

Expanded investment:

• Staff pay and product development

• Additions to sales, marketing, project management

• Innovation

Post year end, c26% reduction in monthly costs from May 2020

• Salary reductions

• Loan capital repayment holiday

• Job retention scheme / PaycheckProtection Program

Cost base management (like-for-like)

-

2,000

4,000

6,000

8,000

10,000

12,000

FY-2016 FY-2017* FY-2018 FY-2019

Co

st b

ase

(£'0

00

)

Cost base excluding exceptional items Exprodat 10.5mth

12

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

FY-2016 FY-2017* FY-2018 FY-2019

EBIT

DA

mar

gin

(%

)

Rev

enu

e (£

'00

0)

Revenue Adjusted EBITDA margin**

**Adjusted for exceptional items

Building revenue for the future

Product margins increase

• Product sales mix

• Increased product investment

Services return to profit

• Q4 2018 cost reductions

• GIS and G&M growth

• Continue to target 25% margin

Recurring revenue growth + Order book growth

Orderbook £3.1m from £2.1m in 2018

• £2.5m will be 2020 revenue

• £0.6m in 2021 and beyond

• Orderbook additions made YTD 2020

ARR £2.3m, 2018 level maintained

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-

500

1,000

1,500

2,000

2,500

3,000

3,500

FY-2017* FY-2018 FY-2019

Ord

erb

oo

k /

AR

R (

£'0

00

)

Orderbook ARR

Gross margin

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

FY-2016 FY-2017* FY-2018 FY-2019

Gro

ss p

rofi

t m

argi

n (

%)

Products Services

Strengthening balance sheetCash flow analysis

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FY-2016 FY-2017* FY-2018 FY-2019

Cash generated from operations 777 1,221 1,270 934

Cash tax (payments)/receipts (326) 437 514 37

Internal investment:

Globe & Software investment (824) (804) (861) (1,108)

Building Reports (1,036) (427) (13) -

After internal investment (1,409) 427 910 (137)

Movement in working capital 326 472 (1,919) 2,525

Restructuring costs (26) (113) (197) -

Other capital expenditure (5) (9) (78) (35)

Acquisitions (240) (400) - -

Financing (138) (297) 244 (199)

Dividends (572) - - -

Net cash flows (2,064) 80 (1,040) 2,154

Small drop in cash generation vs revenue

Lower cash tax receipts in 2019 due to increased 2018 profitability

Increased investment in Globe + Software

Working capital movement relates to large sale at end-2018

Loan refinanced in 20182019 includes lease payments (IFRS 16)

Net cash + net current receivables

-500

-

500

1,000

1,500

2,000

2,500

3,000

3,500

FY-2016 FY-2017* FY-2018 FY-2019

Cas

h (

£'0

00

)

Net cash Net current receivables Net cash plus net current receivables

• Cash balance £3.6m (2018: £1.4m)

• Careful management of capital

• Cost saving measures

• Strengthened balance sheet year-on-year

Getech’s financial strength, our flexibility and the transferable nature of our skills and technologies give us the toolkit to successfully navigate what are exceptional commercial conditions. Our aim is to exit this crisis stronger than we entered.

12-months to 31 December 2019

• Revenue £6.1m (2018: £8.0m) plus new forward sales of £2.4m (2018: £1.7m)

• Orderbook increased by 48% to £3.1m at 31 December 2019

• Annualised Recurring Revenue £2.3m at 31 December 2019

• Adjusted EBITDA £0.9m (2018: £1.3m), reflecting positive impact of lower total costs

• Net cash £2.7 million at 31 December 2019 (31 December 2018: £0.5 million), with the Group generating operating free cash in H2 2019

• Non-core property asset with an ‘in use’ value of £2.4m

Conclusions

Outlook

• Move to homeworking has been smooth – projects remain on time and to cost

• Capital preservation - monthly Group costs have been lowered by c26%.

• Retain further flexibility but have mantained capacity to delivery our orderbook and to maximise the value of sales contestations and new business activities

• 2020 will be very challenging, but our balance sheet strength, orderbook and transferable skills will be key to weathering this storm.

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Appendixcase studies

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Finding natural resources (c.90% of revenue) Managing natural resources (c10% of revenue)

Product-led focus on our customers’ operational needs

Basin Prospect

Gravity & MagneticSeismic & Well Data

Globe Earth Model Exploration Analyst software

Visualise Understand Site Selection

• Locate basins• Understand basin

evolution• Analyse basin fill

• Plate movements• Past climate• Reservoir-Source

distribution and quality

• Play-based exploration

• Identification of low risk locations

Unconventionals Analyst software

Apps, maps, workflow

Manage Esri Gold Partner

• Shale resource• How many wells &

pads to drill?• Reserve booking

• Inspect• Visualise• Ensure integrity• Bespoke dashboards

Government AdvisoryLicense Round Management

Gravity & Magnetic SolutionsGeoscience ServicesAnalysis, interpretation

Save Time & Money

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Data case study – Targeted campaigns, catalyst focusedEssential data for lowering exploration risk

InnovationBrokerage License Round Advisory

• Gravity & Magnetics – global coverage multiple times larger than our closest peer

• Data portfolio enriched by innovation and grown through reputation

• Seismic and wells - diversification through Government Advisory

• Essential data matched with commercial catalysts

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Knowledge case study – Globe knowledge productEarth’s evolution unlocked for better exploration

A geospatial knowledge product reaching back through 300 million years to provide the evidence needed for modern day exploration decisions

Understand how the evolution of the planet has controlled the location of natural resources - so you can find them today

palaeogeographies

structural geology

palaeoclimate

thermal mapping

Globe video: getech.com/globe

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Analysis case study - Unconventionals Analyst softwareWell planning and reserve area mapping made easy

✓ Powerful analytics

✓ Enhanced visualisation

✓ Improved data integration

✓ Proprietary algorithms

• Onshore shale - Well Planning and Reserve Mapping made easy

• Quickly identify the optimal development - most efficient mix of lateral lengths and pads

• Minimise the costly surface footprint and environmental impacts

• Maximise lateral lengths for increased production

• Evaluate reserve areas and forecast volumes during production

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New business case study – RenewablesOptimize site location and monitor operations

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