Investor PresentationApril 2018

INTRODUCTION TO

CLOSE THE LOOP

Close the Loop - who we are

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• Australian-owned company aiming to be the global leader in sustainability solutions in

complex waste streams and data management

• Industry pioneer and market leader across Australia (HQ), USA and Europe

• Vital partner to 15 of the world’s largest printer and print consumable OEMs

• Increasingly focusing on value-added services and expanding into new vertical markets,

such as food & beverage and banking

• Vast sector experience and IP developed over 10+ years

• Listing on ASX in 2018

Close the Loop - what we are dedicated to

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“Making the Circular Economy a reality by providing

best-in-class sustainability solutions to companies that

want to enhance their Corporate Social Responsibility

through effective and efficient recovery and re-use of

valuable resources from their products. “

Close the Loop - what we do

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With commitment to ‘Zero Waste to Landfill’, we do three things to help companies manage

complex waste streams:

1. Return end-of-life products to original manufacturers (OEMs) for re-use where possible.

2. Provide data analytics and other value-add services that allow OEMs to optimise their sales

chain as well as consumable and waste stream operations.

3. Use a range of patented processes to recover all materials from those products which are

reused in the re-manufacture of those products, or turned into new innovative products.

Why do OEMs need us?

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Our services enable OEMs to:

• Maintain and develop their market share;

• Utilise key operational information that can increase their revenue and reduce costs;

• Remain regulatory compliant, where relevant.

Market levers

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• Non-genuine cartridges

• Growing recognition of Circular Economy

• Legislation in various markets

• Greater understanding of the value-add provided by Close the Loop

• Changes in the downstream plastics market (China)

Demand for CtL’s services is expected to increase in the future.

Close the Loop - how we make money

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• Annuity-style revenue model

• Multiple income streams from collection, processing and refurbishment of consumables,

and creation and sale of innovative new recycled products.

• Set fee per cartridge or kilo

• Under OEM contracts

• Collection and sorting of cartridges,

reporting on volumes collected,

recycled, refurbished or

redistributed

• Repurposed toner waste bottles

• Business intelligence services

• Recycled products such as TonerPaveTM

and TonerSealTM used in production and

repair of high quality asphalt roads

• Strong margins with further potential

from providing value-added services

• Base materials (granulated plastic and

metals including ferrous and aluminium)

automatically sorted and sold at

prevailing market rates

Well positioned to expand in existing & new markets

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Australia (established 2001)

• Headquarters in Somerton, Victoria

• Revenue $9.088m;

• Profit before tax $345k

• Over 4 million cartridges p.a.

• 50 employees

• Multi-vendor program with Planet Ark;

over 35,000 collection sites nationally

Europe (acquired October 2016)

• Malle, Belgium

• 30km from Antwerp

• Pro forma revenue A$3.290m;

• Loss before tax A$871k

• Over 3 million cartridges p.a.

• 30 employees

USA (established 2007)

• Hebron, Kentucky,

• Close to mid-west US logistics hub

• Revenue A$21m;

Profit before tax A$3.006m

• Over 40 million cartridges p.a.

• 115 employees

• Collection sites operated by OEMs

Experienced & recognised management team

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• The management team and Board have a proven track record in leading successful

businesses, and are making the Company a global ‘premier sustainability solutions

provider’.

Craig Devlin – Chairman

• Appointed to Board in 2001;

Chairman since 2009.

• 43 years’ experience as a

practicing accountant and

management consultant.

• Founder of Devlin & Co,

Accountants, and principal of

Devlin Business Development

Group Pty Ltd.

• On several Boards as either

director or Chairman.

Robert Parry-Jones – CEO

• Joined Company in 2013.

• Extensive experience across

Europe, the Middle East, Africa,

the US, and Australia, ranging

from start-up to > $1bn in

turnover.

• Strong track record of building

efficient and successful companies

with background in Biotechnology,

Medical Devices, Automotive and

Hi-Tech Electronics.

Marc Lichtenstein – CFO and

Company Secretary• Joined Company in 2017.

• CFO experience across listed and

large private companies.

• Extensive experience in leading

businesses through significant

periods of change, including

business transformation and

performance improvement

including IPOs, significant capital

raises, exponential periods of

growth and major acquisitions.

Growing market, supported by strong fundamentals

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• Close the Loop’s largest competitor is landfill.

– 75% of global imaging consumables currently end up in landfill

• Print toner market increasingly driven by robust growth in packaging

(driven by online sales).

– Counteracting the impact of the ‘paperless office’.

• Increasing rate of cartridges being recycled or remanufactured.

• Increasing social awareness, and corporate social responsibility and ESG

reporting.

Growing market, supported by strong fundamentals

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• Increased regulatory initiatives designed to protect the environment and

increase company management across the whole product lifecycle.

– EU WEEE Directive in full effect by 2019, will legislate recycling targets on IT &

telecommunications equipment

• Close the Loop is the only specialist toner cartridge recycler of any scale so

has forged strong relationships with OEMs.

• OEMs motivation to recycle as a means to reduce the potential

number of remanufactured or counterfeit products is increasing.

Expanding to other complex waste streams

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GROWTH

STRATEGY

Growth strategy

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• Five key areas for continued growth and maintaining leadership position.

Grow existing print

business by increasing

revenue per customer

and proportion of

value added services to

OEMs

Sell existing services

to new clients

Develop and sell new

internal services;

drive horizontal

growth

Geographic expansion

leveraging newly

acquired operations

and strong OEM

relationships

Acquisitive expansion

into emerging

verticals

Shifting focus to value-added services

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• New value-added services allows deeper customer penetration and expands target market

• Value-added services which are typically too costly or inefficient to implement by OEMs,

create opportunities for CtL

Refurbishment

Valet Services

Data Reports

Supply Chain

Services

Customer Audits &

IT Support

Targeting $100m in revenue by the end of 2020

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The recent acquisition

of CloZDloop in

Belgium provides a

strong platform for

expansion into Europe,

a highly

environmentally

conscious jurisdiction.

Trusted relationships

with OEMs have led to

new value add

opportunities, in

particular the cleaning

of waste toner bottles

at high margins

Currently, circa 5% of

print cartridges are

recycled in the US,

compared to 20% in

Australia, Whilst CtL is

the market leader, a

large unaddressed

market exists.

Through refined

collection programs

and legislative

recycling targets for

electronic components

being introduced in

Europe in 2018, CtL

expects to increase the

proportion of global

cartridges recycled.

CtL has identified and

commenced organic &

inorganic expansion

into new vertical

markets.

CtL will leverage its

existing infrastructure

and IP to provide

resource recovery

services to other

growth markets such

as Soft Plastics,

Separation and

Compounding.

Thank You