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FY26 FINANCIAL RESULTS PRESENTATION 26 August 2026 Meet the Taskies: Chief https://investors.airtasker.com/link/r6921e
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The following disclaimer applies to this presentation. Please consider its contents carefully. By accepting this presentation, you acknowledge that you are receiving it on the basis set out in the following paragraphs. This presentation has been prepared by Airtasker Limited (Airtasker). Currency of information The information contained in this presentation is current as at the date of this presentation or such earlier date as specified in this presentation. Summary information The information in this presentation is of a general nature only and does not purport to be complete. Not an oer This presentation is not a prospectus or other disclosure document, and is not an invitation or oer of securities in Airtasker for subscription, purchase or sale in any jurisdiction. Third party information Certain market and industry data used in connection with this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents or advisers have independently verified any such market or industry data. Historical information Past performance information in this presentation is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. Forward looking information This presentation contains certain forward-looking statements that involve risks and uncertainties. Airtasker can give no assurance that these expectations will prove to be correct. You are cautioned not to place undue reliance on any forward-looking statements. Forward looking information (continued) Actual results may dier materially from those anticipated in these forward-looking statements due to many important factors, risks and uncertainties including, without limitation, risks associated with future capital needs and general economic uncertainty. Airtasker does not undertake any obligation to release any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this presentation, except as may be required under applicable laws. Financial information This presentation contains certain financial information. The financial information has been presented in an abbreviated form insofar as it does not include all the presentation and disclosures, statements or comparative information as required by the Australian Accounting Standards (AAS), the International Financial Reporting Standards (IFRS) (including the interpretations of the International Financial Reporting Interpretations Commiee) and other mandatory professional reporting requirements applicable to financial reports prepared in accordance with the Corporations Act. All currency is in Australian dollars unless indicated. All financial information is audited unless otherwise indicated. Non-IFRS financial measures Airtasker uses certain measures to manage and report on its business that are not recognised under AAS or IFRS. These measures are collectively referred to in this presentation as ‘non-IFRS financial measures’ under Regulatory Guide 230 ‘Disclosing non-IFRS financial information’ published by the Australian Securities and Investments Commission (ASIC). Management uses these non-IFRS financial measures to evaluate the performance and profitability of the overall business. Although Airtasker believes that these measures provide useful information about the financial performance of Airtasker, they should be considered as supplements to the income statement measures that have been presented in accordance with AAS and IFRS in Airtasker’s audited financial statements released on ASX and not as a replacement for them. Disclaimer No representation or warranty, whether express or implied, is made by any person as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. You should carry out your own investigations and analysis of Airtasker and verify the accuracy, reliability and completeness of the information contained in this presentation. Neither Airtasker nor any of its related bodies corporate, directors, employees, agents and advisers accept any responsibility for any loss arising from anyone acting or refraining from acting in reliance on the contents of this presentation. Distribution This document has been prepared for publication in Australia and may not be released to United States S wire services or distributed in the United States. By receiving this document you are deemed to confirm, represent and warrant to Airtasker and its related bodies corporate and each of their directors, employees, agents and advisers that you agree to be bound by the limitations and conditions set out in this disclaimer. Disclaimer 2
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Creating jobs isn’t a by-product of the work that we do: it’s our core purpose. To empower people to realise the full value of their skills. Our Mission Antonio G. Berala, NSW Antonio Guimaraes joined Airtasker in 2024 as inflation began squeezing his household budget. As demand for his painting work grew, he scaled back his insurance role to pursue it full-time and made $200,000 in a year. Lily M. Burleigh Waters, QLD Mithen needed a lawnmower so started doing lawn mowing on Airtasker to cover the outlay. "I thought if I could do a couple of people’s lawns locally, I'd have paid the lawnmower o in no time. Within a few months, I was the top-rated lawnmower on the Gold Coast, and also got myself a new whipper snipper.” 3
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AI productivity gains stimulate greater economic activity causing demand for real world, human labour to grow. 95%1 of Airtasker jobs require physical, real world skills: ● Cleaning ● Moving ● Furniture assembly ● Handyman ● Gardening AI makes human skills and physical jobs more valuable 4 Plumbers will win the AI race” Jensen Huang CEO, NVIDIA “ 1. Source: Company data for FY26. 4
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1. GMV annual recurring revenue calculated as 12x GMV for Jun-26. 2. FY26 Airtasker marketplaces revenue growth on pcp, excluding the Oneflare marketplace. 3. FY26 Group revenue growth 9.9% on pcp. 4. FY26 international Airtasker marketplaces revenue growth on pcp, excluding the Airtasker Australia and Oneflare marketplaces. 5. Excludes $9.5m net proceeds from the capital raise, $10.8m outflow in selement of media partnership notes, $0.3m inflow from the maturity of term deposits and $0.2m foreign currency translation impact. 55 FY26 Financial Highlights $240m Group GMV (Gross Marketplace Volume) up 14.9% on pcp (FY25: +9.5%; FY24: -3.5%) $40m+ International GMV ARR1 up 53% and 58% for UK and US, respectively on pcp 15.5% Airtasker Revenue Growth2 Group revenue a record $57.8m3 $16.5m Australia + Head Office Cash Flow Generation5 up 8.6% on pcp 65.8% International Revenue Growth4 up 55% and 150% for UK and US, respectively on pcp 10,000+ Members (Paid Subscribers) up from c. 1,000 members as at 3Q26
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US Marketing Activity FY26 6 Airtasker drone show at the premier of Michael at the Chinese Theatre, Los Angeles Promotion at the G’Day from NYC Event, New Jersey Airtasker billboard in Times Square, New York Airtasker features alongside the Knicks Parade in the New York Times
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Meet the Taskies Ike Ike is a low-key, quiet fixer with a knack for the tricky stu. An essential tool for every flat pack, he’s got the perfect twist to build furniture like there’s no tomorrow. FINANCIAL RESULTS Section One 7
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Guidance Result Airtasker Australia1 to deliver double digit revenue growth - increasing contribution from topline GMV growth +11.3% Airtasker Australia1 revenue growth on pcp +10.9% Airtasker Australia1 GMV growth on pcp Maximise Oneflare cash contribution Migrated Oneflare business and operations to Airtasker Australia and retired brand and technology platform while maximising Group cash contribution Australian marketplaces cash flow generation to increase in FY26 $16.5m cash generated in Australia2 (after covering global head oice costs) +8.6% on pcp Airtasker UK and US markets accelerate growth trajectory supported by $5m invested in a disciplined program of planned marketing activity, which will result in underlying Group cash flow of ~$5-$6m outflow3 +55.4% UK revenue growth on pcp $29.3m GMV ARR4 +149.8% US revenue growth on pcp $10.9m GMV ARR4 Strong balance sheet with over $27m in cash5 provides capital to support UK and US marketing activity plus optionality to sele Australian convertible notes issued to oOh!media and ARN $12.4m in cash6 Repaid $10.8m in media partnership notes (with $0.3m discount). Disciplined marketing investment of c.$5.0m in US and UK delivering strong growth. $13.2m of prepaid media assets5 available to support ongoing growth. FY26 guidance achieved 1. Excluding the Oneflare marketplace. 2. Excludes $9.5m net proceeds from the capital raise, $10.8m outflow in selement of media partnership notes, $0.3m inflow from the maturity of term deposits and $0.2m foreign currency translation impact. 3. Excluding $9.5m net proceeds from the capital raise, $10.8m outflow in selement of media partnership notes and $0.3m inflow from the maturity of term deposits. 8 4. GMV annual recurring revenue calculated as 12x GMV for Jun-26 5. Cash and term deposits as at 31-Dec-25. 6. Cash and term deposits as at 30-Jun-26.
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1. Excluding the Oneflare marketplace. 2. Airtasker marketplaces excluding the Airtasker Australia and Oneflare marketplaces. Airtasker Australia revenue1 Airtasker international revenue2 $46.3m $5.8m Airtasker marketplaces revenue1 $52.0m FY26 Group revenue $57.8m 9 15.5% on pcp 65.8% on pcp 11.3% on pcp
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Australia: $212m GMV delivered, revenue up 11.3% on pcp ● Strong marketplace growth with stable monetisation: Record GMV of $211.6m (+10.9% pcp) and revenue of $46.3m (+11.3% pcp) with the monetisation2 rate stable at 21.9%. ● Introduced new recurring revenue stream: Launched Airtasker membership program (recurring paid subscriptions) with 10,000+ subscribers acquired globally3 as at 30-Jun-26. ● Brand consolidation: Retired Oneflare brand and technology platform with business and operations migrated to Airtasker Australia marketplace. Launched Airtasker Pro Pass membership program (recurring paid subscriptions) for professional tradespeople. ● Strategic media partnership secured: Secured partnership with Nine Entertainment providing $5.0m in media capital to further support successful marketing initiatives which have delivered a 20%4 increase in unprompted brand awareness (brand salience) in FY26 compared to pcp. ● Balance-sheet management: Utilised cash on balance sheet to avoid dilution by repaying oOh!media and ARN media notes for $10.8m cash, earning a $300,000 discount (27% reduction in total interest cost). Airtasker Australia1 GMV & Revenue 1. Excluding the Oneflare marketplace. 2. Monetisation rate represents Airtasker marketplaces revenue in a given financial period, expressed as a percentage of Airtasker marketplaces gross marketplace volume in the same period. 3. 9,400 members in Australia and 700 in international marketplaces. 4. YouGov Brand Tracker, 4Q26 compared with 4Q25. 10 $46.3m FY26 revenue
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UK: $29.3m GMV ARR, FY26 Revenue up 55% on pcp $29.3m GMV ARR ● Record GMV: GMV ARR1 up 53. 1% on pcp to £15.4m ($29.3m). ● Marketplace growth momentum continues: FY26 GMV up 47.3% on pcp to £11.0m ($21.6m) and revenue up 55.4% on pcp to £2.2m ($4.4m), with monetisation rate improving by 1.0ppts on pcp to 20.4%. ● Introduced recurring revenue stream: Launched Airtasker membership in May-26 with 500 paid subscribers acquired in the UK as at 30-Jun-26. ● Strategic investment to fund expansion: Secured follow-on investment of $5. 1m2 (£2.5m) from Channel 4 in Oct-25, bringing total investment to £10.0m, to accelerate investment in brand marketing and continue UK expansion. Airtasker UK GMV & Revenue 11 1. GMV annual recurring revenue calculated as 12x GMV for Jun-26. 2. Foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. UK media partnerships commenced UK has reached 3-year milestone of $25m GMV ARR
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USA: $10.9m GMV ARR, FY26 Revenue up 150% on pcp US media partnerships commenced Airtasker USA GMV & Revenue (TTM)1 $10.9m GMV ARR 12 1. GMV annual recurring revenue calculated as 12x GMV for Jun-26. 2. Foreign currency translation rate applied corresponds to the rate prevailing at the end of the month in which the transaction was completed. ● Record GMV: GMV ARR1 up 57.9% on pcp to US$7.7m ($10.9m). ● High-growth marketplace scaling: FY26 GMV up 140.6% on pcp to US$4.3m ($6.3m) and revenue up 149.8% on pcp to US$0.9m ($1.3m), with monetisation rate improving by 0.8ppts on pcp to 20.9%. ● Introduced recurring revenue stream: Launched Airtasker membership in May-26 acquiring 200 paid subscribers in the US as at 30-Jun-26. ● Strategic investment to fund expansion: Secured follow-on investment of $7.7m2 (US$5.0m) from iHeartMedia in Nov-25 to support investment in growth activity and brand awareness. 12 US ahead of progress against 3-year investment timeline
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● US and UK contributed 10% of Group revenue in FY26. ● Cash generated in the Australian market defines investment envelope to invest in international markets. ● Significant marketing investment deployed in 1Q/4Q aligned with northern hemisphere spring/summer peak revenue season results in higher net cash outflows in 1Q/4Q. ● Australia3 contributed 90% of Group revenue in FY26. ● Revenue peaks in southern hemisphere spring/summer season (2Q/3Q). ● Employee, tech and G&A costs relatively consistent across 4 quarters. ● This results in positive full year cash generation with lower cash inflows in 1Q/4Q and higher cash inflows in 2Q/3Q. Revenue and Expense1,2 Net Cash Flow1,2 Australia (Southern Hemisphere) UK & US (Northern Hemisphere) Group ● Group net operating cash outflow $2.3m in FY26. ● Australia still represents the majority of Group revenue and is the main cash generator for the Group peaking in 2Q/3Q. ● The US and UK represent the majority of overall expenses (principally marketing) and create net cash outflows peaking in 1Q/4Q. ● Group cash flow is generally negative in 1Q/4Q and positive in 2Q/3Q. Typical Cash Flow Seasonality 1. Illustrative only. Charts not to scale. 2. Quarters represent Group financial year quarters. 3. Including the Oneflare marketplace. Notes 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 13 Revenue Expenses Cash flow Expenses Expenses Revenue Revenue Cash flow Cash flow
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● Net operating cash outflow of $2.3m reflects planned $5.0m one-o marketing investment in UK and US over 2H26 (contributing to FY26 GMV uplift in the UK and US of 47.3% and 140.6%, respectively). ● Strong operating cash receipts of $64. 1m, up 9.6% on pcp and in line with Group revenue growth. ● Outstanding media partnership notes with oOh!media and ARN were seled in Jun-26 with payment of $10.8m. Airtasker negotiated a combined discount of $300,000 (representing a 27% reduction in total interest cost). ● $12.4m in cash1 provides capital to support a disciplined program of marketing investments in the UK and US in FY27. $12.4m in cash and term deposits after repayment of Australian media partnership notes Operating cash flow 141. Cash and term deposits as at 30-Jun-26.
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Australia generated $16.5m cash to invest in UK and US expansion 1. Represents ‘Global head oice expenditure’ as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. 2. Represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. 3. Represents EBITDA for the New Marketplaces Segment as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. 4. Represents statutory cash outflow of $6.4m adjusted for $9.5m net proceeds from the capital raise, $10.8m outflow in selement of media partnership notes, $0.3m inflow from the maturity of term deposits and $0.2m foreign currency translation impact. 5. Airtasker completed a capital raise of $10.0m which generated net proceeds of $9.5m after transaction costs of $0.5m. FY26 ($m) FY25 ($m) variance ($m) variance (%) Australian Marketplaces Revenue 52. 1 49.2 2.9 5.9% Expenses 15.0 14.6 (0.4) (2.7%) Australian market cash flow2 37. 1 34.6 2.5 7.2% Less: Global head oice expenditure1 20.6 19.4 (1.2) (6.2%) Australian market cash flow (after covering global head oice costs) 16.5 15.2 1.3 8.6% UK and US cash investment3 21.7 14.0 (7.7) (55.0%) Underlying Group cash (outflow) / inflow4 (5.2) 1.2 (6.4) NM ● Australian marketplaces generated positive $37. 1m cash in FY26 (up 7.2% on pcp) after covering Australian sales and marketing, customer service operations and all other direct operating costs. ● Australian cash generation after covering all global head oice cash expenditure1 was positive $16.5m in FY26 (up 8.6% on pcp). ● Australian cash generation enables ongoing cash investment into UK and US expansion. ● In FY26 Airtasker completed a $10.0m5 capital raise and invested $5.0m of those funds in a disciplined program of targeted marketing investments in the UK and US in 2H26 to accelerate international marketplace growth. 15
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16 Silverstone Race Week UK - Jul-26 16 Airtasker in the F1 pit lane above the team behind the dream Our CEO team on the Career Ladder Airtasker x Racing Bulls swag shared in the F1 paddock Arvid Lindblad supported by Taskers at an Esses event, London
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Meet the Taskies Mason He zips around fixing things with a contagious buzz, always ready to power through whatever comes his way. GROWTH STRATEGY Section Two 17
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Invest in Airtasker brand and core platform experience and maintain market leadership Growth strategy Deliver profitable growth in Australia to generate cash Leverage platform and invest in new markets turbocharged by media partnerships 1 Core platform investment Profitable growth Scale in UK and US 2 3 18
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Address platform leakage and improve purchase frequency CORE PLATFORM INVESTMENT Launched AI-powered digital “Business Cards” to sit on the Customer’s home screen Revised Tasker rebooking interface (more than doubling responsiveness) Revised fee pricing (1.9% Service Fee, $5 Connection Fee) to drive rebooking volume Rebooking Rapid, continuous improvement of the rebooking experience during FY26 delivered a 96. 1%1 increase on pcp in rebooking volumes to over 33,000 bookings (annualised) and GMV ARR2 of $8.0m: 1. Jun-26 versus Jun-25. 2. The GMV annualised run rate calculated as 12x rebooking GMV for Jun-26. 19 AI-powered leakage reduction During FY26 we also implemented an AI-powered content moderation system resulting in a significant uplift in the detection and removal of scams and leakage, driving both direct GMV uplift as well as improving marketplace and brand trust. Rebooking Task Volume (annualised) AI-enhanced Tasker Business Cards now sit on the Customer’s home screen: +96.1% on pcp
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Generate recurring revenue and improve purchase frequency via Airtasker Membership CORE PLATFORM INVESTMENT 20$6.742 revenue recognised per month (over 12 months) $891 received upfront 2 3 4 5 61 8 9 10 11 127 Cash flow and revenue recognition3 Renews automatically 1. Including GST . 2. Excluding GST . 3. Airtasker Membership is a new product and we have no indication on take-up. If take-up is strong, this will bring forward cash inflows and potentially reduce later cash inflows, with much stickier and higher quality revenue recognised over the period of the membership. Membership subscription base Conversion from task booking to subscription +10,000 members Jun-26 Airtasker’s membership program launched in Feb-26 with over 10,000 membership subscriptions acquired as at Jun-26. This subscription base forms consistent recurring revenue whilst retaining the upside of transaction volume-based revenue. The oer: ● $891 annual upfront for unlimited tasks with no Connection Fee ● Renews automatically every 12 months ● Further membership benefits coming soon Revenue recognition: ● $89 cash for membership payment received upfront ● $6.742 revenue recognised per month over 12 months ● Service Fees (paid by Taskers) still apply on all tasks
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Leverage AI to enhance customer experience and drive growth CORE PLATFORM INVESTMENT 21 ● Agentic commerce now live: Launched Airtasker MCP , enabling customers to book tasks end-to-end directly through any AI agent. Plugin now listed on ChatGPT marketplace with more platforms to follow. This will enable Airtasker to remain at the forefront of agentic commerce! ● Traic from AI sources increases 214%: Continued to leverage Airtasker’s unique dataset to drive traic through key AI discovery platforms (ChatGPT , Claude, Gemini, Perplexity) with AI-driven traic increasing 214% on pcp. AI visitors sign up at 5.3x the marketplace average. ● Productivity and velocity boost: Rollout of enterprise AI tools across the organisation (eg. Gemini and Claude) continue to improve productivity. Developer velocity has increased 3.0x on pcp1 delivering tangible outcomes. e.g. Airtasker Membership launched in 5 weeks from ideation to launch. 1. Based on pull requests measured between Jun-25 and Jun-26. 2. AI-referred traic, monthly, 3-month rolling, Smoothed. Indexed, Nov-24 to Jan-25 = 100. AI-referred traic2 9.6x traic growth since Jan-25
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Invest in brand salience to re-accelerate Australian GMV PROFITABLE GROWTH Brand Salience (Unprompted Awareness) $5.48 Incremental GMV per $1.00 of marketing investment +20% on pcp In FY26, Airtasker engaged leading marketing analytics firm Mutinex to develop a hierarchical bayesian marketing mix model (MMM)1: “ A robust statistical analysis using historical data paerns to understand the short term incremental impact of paid-for marketing activities on business outcomes.” During FY26, we maintained a consistent investment in Airtasker’s brand salience via media partnerships with oOh!media and ARN, delivering a 20%1 increase in unprompted brand awareness year-on-year. Whilst Airtasker’s above-the-line media investment is primarily focused on long term brand impact, it has also contributed directly to delivering GMV of ~$5.482 for every $1.00 invested in FY26 representing incremental direct ROI of 1.22x within the reporting period. 1. YouGov Brand Tracker, 4Q26 compared to 4Q25. 2. Mutinex Growth OS MMM Aribution data, Jun-26. 22 1.22x Incremental direct ROI Marketing Mix Model Metrics Powered by:
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NEW! Media Partnerships with oOh!media and Nova $5.0m media value With access to Nine’s powerful media network spanning national free-to-air television channels, 9Now streaming platform, and portfolio of premium digital and publishing brands. Airtasker may choose to repay in cash or issue ART equity (10% VWAP discount) in FY29. $5.5m media value With leading Australia audio broadcaster with coverage across eight metro radio stations across five major capital cities, plus digital audio, podcast and Coles Radio. Airtasker may choose to repay in cash or issue ART equity (10% VWAP discount) in FY30. $5.5m media value Which provides access to 30,000+ sites across Australia, including billboards, street furniture, airports, oice towers and retail centres. Airtasker may choose to repay in cash or issue ART equity (10% VWAP discount) in FY30. 23
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Airtasker Pioneers social flywheel ● Airtasker’s agentic AI identifies when social influencers have a service need and oers task credit in exchange for creation of organic social content. ● This program drives direct product adoption and creates a “flywheel” with influencers creating branded social content and referring new customers to Airtasker. ● We’ve scaled this program over 5x during Q4 resulting in increased social engagement and brand awareness across all geographies. Product expansion ● Following a successful launch in Australia, Airtasker membership has been introduced in the US and UK driving immediate uptake. ● In particular, the US market is demonstrating higher levels of membership adoption (paid subscription) compared to Australia and the UK. ● Pro Pass (paid subscription for Taskers) launches planned in US and UK in Q1 FY27. NEW: AI and Robotics Airtasker is working with a number of AI data platforms that use Airtasker to capture video content for AI training in the robotics industry. This additive stream of job opportunities (tasks) contributes to cost-eiciently generating network eects in new markets. Rapid iteration to refine our marketplace scaling playbook SCALE IN THE US AND UK 24 Airtasker Pioneers US content: Airtasker USA Airtasker UK Airtasker AU & NZ Airtasker Follow us!
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FY27 Outlook: 25 👊 Australia to deliver double digit revenue growth (ex-Oneflare) with increasing contribution from topline GMV growth. 👊 Australia (including all global head oice costs) cash flow generation to increase (FY26: $16.5m). 👊 Membership delivers 50,000+ paid subscribers. 👊 Airtasker UK continues to grow GMV and revenue whilst reducing cash investment compared to FY26. 👊 Airtasker US GMV and revenue growth supported by a targeted program of marketing activity alongside media partners. 👊 Group positive free cash flow. 25 25
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26 AU Marketing Activity FY26 Bourke St Melbourne OOH 26 Taskers helping with Melbourne Race Week Motio Taxis Melbourne Central Domination
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Meet the Taskies Ray Quick and always on point, he’s the first to jump in when things start geing wobbly. No drama, no fuss. Ray’s all about nailing it. 28 ANNEXURE A ABOUT AIRTASKER
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We connect people who need work done, with people who want to work. The world’s most trusted marketplace to buy and sell local services. Airtasker is building 29
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Open Community Built on transparency and accountability to enable trust with an eicient light touch operating model. Infinitely Horizontal Unifying a fragmented local services industry and creating entirely new service categories. ● Super fast responses ● Huge range ● Great value ● Instant work ● Pricing control ● Complete flexibility For Customers: For Taskers: Unique value proposition 30
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Airtasker is uniquely positioned as a global platform for local services COMPETITIVE LANDSCAPE *US/UK markets only. Not operating in AU. Local servicesRemote outsourcing Advertising model Ecommerce model Airtasker community model Free to join. Customers choose who they work with based on ratings, reviews and verified qualifications. Taskrabbit curated supply model Workers pay an upfront fee to join and Taskrabbit selects which workers can access jobs.1 Source: The Local Services Market - Market Report, Frost & Sullivan, July 2024 1. Based on management research. 31 1 2 1 2
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Revenue model tightly aligns Airtasker with Tasker success How does Airtasker make money? ● Free to post a task and receive oers. ● Free to access jobs and create quotes.4 ● Fees are charged when customers and Taskers experience marketplace value (at the point of connection, task completion or in certain cases task cancellation). Win-win business model ● Low risk for Taskers. Unlike advertising models, Taskers can access jobs with no upfront fees. ● Wide range. No upfront fees means customers access the greatest range of services. ● Strong gross margin. Light touch model delivers 95%+ gross margins. 1. Gross marketplace volume (GMV) for Airtasker only. GMV represents the total price of all tasks booked through the Airtasker marketplaces before cancellations and inclusive of price adjustments between customers and Taskers, bonuses paid by customers to Taskers, fees payable by customers and Taskers to Airtasker, Tasker and customer memberships and any applicable sales taxes. 2. Revenue comprising the Airtasker and Oneflare marketplaces. 3. Based on FY26 financial data. 4. On the Airtasker marketplaces. Sales tax 2.3% Revenue 21.7% Paid to users 76.0% Insurance 0.7% Merchant fees 3.6% Gross profit 95.7% GMV1,3 Revenue2,3 32
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33 ANNEXURE B SCALE IN THE UK AND US
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We have a proven model to build profitable, cash generative marketplaces In FY26, our Australian marketplaces generated ~$37. 1m of cash flow: 1. Revenue relating to the Established Marketplaces Segment as disclosed in note 4 of the FY26 financial statements. 2. Calculated as the dierence between revenue and EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. 3. Cash flow represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. Revenue1 $52. 1m Expenses2 $15.0m Cash flow3 $37. 1m 25 20 15 10 5 0 AUD million FY16 FY17 FY18 FY19 FY20 2.2 8.4 9.7 6.8 1.2 Marketing Investment (LHS) GMV (numbered above) 12 36 68 91 112 FY26$212m+ SCALE IN UK AND US 34
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Opportunity to leverage software platform to replicate profitable marketplace economics Software platform and head oice infrastructure Airtasker AU $20.6m2 investment Airtasker UK Airtasker USA $37. 1m1 cash generation Australian marketplaces generate cash flow in excess of software platform and head oice infrastructure investment New markets (ASX:ART) $16.0m media investment £10.0m media investment US$26.8m media investment Opportunity to leverage our scalable software platform, turbocharged by local media partnerships 1. Represents EBITDA for the Established Marketplaces Segment as disclosed in note 4 of the FY26 financial statements, adjusted for material non-cash items. 2. In FY26 invested $20.6m in operating the software platform and head oice infrastructure that enables the global marketplaces. 35 SCALE IN UK AND US Analysis of media partnership potential outcomes on slides 40 and 41.
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Our city-level marketplace1 goal is to reach a GMV ARR of $25m in 3 years from launch. In the UK, we launched with media in Oct-23 and in the US we launched with media in Sep-24. At $25m GMV ARR, a city-level marketplace generates an approximate $5m revenue ARR (at 20% monetisation rate2) with strong gross profit. Given that city-level operating expenditure is predominantly marketing investment, at the 3-year mark Airtasker has the option to: 1. Grow with no further investment required: Recycle gross profits into marketing activities to maintain growth trajectory. 2. Further accelerate: Further accelerate growth trajectory by investing new capital into marketing activities. 3. Generate dividends: Optimise the city-level marketplace for cash generation and pay a dividend. 1. Based on a city with a population of approximately 10 million such as London or Los Angeles. 2. Monetisation rate assumed based on historical experience. New city-level marketplace goal: $25m GMV ARR and cash positive in 3 years 36 SCALE IN UK AND US
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Airtasker UK reached GMV ARR of $29.3m in Jun-26 at 33 months from launch date (Oct-23) Airtasker US reached GMV ARR of $10.9m in Jun-26 at 22 months from launch date (Sep-24) In FY27, 2Q and 3Q to maintain GMV levels during seasonal low period with further acceleration in 4Q and 1Q. Growth momentum building: UK hits $29m and US hits $10.9m GMV ARR in Jun-26 37 SCALE IN UK AND US
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ANNEXURE C STRATEGIC CONTEXT MEDIA PARTNERSHIPS Meet the Taskies Charlie Charlie is the life of the party. The bubbliest bucket in town, he’s ready to splash into the action and loves to turn any task into a fun time. 38
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Media Partnership Summary 39 1. At maturity of the convertible note Airtasker Limited has the option to repay the note and coupon in cash or convert it into equity at a 10% discount to the 30-day VWAP . 2. At maturity of the convertible note Airtasker UK has the option to repay the note and coupon in cash or convert it into subsidiary equity at a 10% discount to a mutually agreed valuation or, if required, an independent expert valuation. 3. At maturity of the convertible note Airtasker USA has the option to repay the note and coupon in cash or convert it into subsidiary equity at a 20% discount to a mutually agreed valuation or, if required, an independent expert valuation. 4. This equity repurchase mechanism only applies where a media partner holds equity in a Group subsidiary either from an initial issue of equity or as a result of the conversion of a maturing convertible note. 5. Calculated as Airtasker Limited ASX market capitalisation divided by Airtasker Group TTM revenue. 6. Issued by Airtasker UK to Airtasker Limited and eliminates on consolidation for Group results. All amounts in local currency millions. Principal Instrument Maturity Airtasker Group entity may choose to: Airtasker Limited may choose cash or ART equity to acquire4: Airtasker Limited (AUD) Nine Entertainment 5.0 Note 1Q29 Repay $5.5m in cash or issue ART equity1 No equity repurchase obligation. Airtasker UK (£) Channel 4 3.5 Equity N/A Channel 4 holds 20% equity in Airtasker UK Equity in Airtasker UK in 4Q28 based on the formula: Channel 4 (Notes 1 & 2) 6.5 Note 2Q28 Issue equity in Airtasker UK2 or repay £7.3m cash Airtasker Limited (Notes 1 & 2)6 6.5 Note 2Q28 Issue equity in Airtasker UK2 or repay £7.3m cash Airtasker USA (USD) TelevisaUnivision 4.75 Equity N/A TelevisaUnivision holds 17% equity in Airtasker USA Equity in Airtasker USA between 1Q30 and 1Q32 based on the formula: iHeartMedia (Notes 1 & 2) 10.0 Note 1Q29/2Q29 Issue equity in Airtasker USA3 or repay US$11.8m cash Sinclair 6.0 Note 2Q29 Issue equity in Airtasker USA3 or repay US$7.2m cash Mercurius 6.0 Note 2Q29 Issue equity in Airtasker USA3 or repay US$7.2m cash Airtasker UK valuation Airtasker UK TTM revenue Group revenue multiple5= x Airtasker USA valuation Airtasker USA TTM revenue Group revenue multiple5= x
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UK Media Partnership Potential Outcomes (Illustrative Example Only1) Airtasker UK valuation Airtasker UK TTM revenue Group revenue multiple2= x If ART is trading at 2x Group revenue multiple ($173m market cap) ART will acquire 35% of Airtasker UK for $12m via issue of ART scrip (or cash) 7% dilution-> -> If ART is trading at 8x Group revenue multiple ($694m market cap) ART will acquire 35% in Airtasker UK for $47m via issue of ART scrip (or cash) 7% dilution-> -> 2028 (ART buyback of UK equity) Airtasker Limited (ART) currently holds 80% of the equity in Airtasker UK. If media partnership convertible notes are converted at maturity, ART may hold approximately 65% of total equity in Airtasker UK (noting that the final ART equity % may vary from this illustrative example). In Jun-28, ART will acquire the remaining 35% Airtasker UK equity from its media partner based on the following valuation methodology: 1. This is an illustrative example only and should not be construed as guidance. The potential outcomes modelled are hypothetical. 2. Calculated as Airtasker Limited ASX market capitalisation divided by Group TTM revenue. 3. For Airtasker USA forecast revenue of $10.7m and valuation assumed FY25 revenue was 2x 2H25 revenue or $1.3m rather than $0.6m as 1H25 was pre-media launch. 40 Based on this illustrative example: AUD millions FY25 Revenue (actual) 3 year CAGR (asmp.) Revenue (potential outcome) Valuation (2x ART revenue multiple) Valuation (8x ART revenue multiple) Airtasker Limited (ART) 45 24% 87 173 694 Airtasker Australia 42 12% 59 118 473 Airtasker UK 3 80% 17 34 135 Airtasker USA3 1 100% 11 21 85 Value of media partners’ share of Airtasker UK (35% of equity) 12 47 ART equity dilution (potential outcome) 7% 7%
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Based on this illustrative example: Airtasker Limited (ART) currently holds 83% of the equity in Airtasker USA. If media partnership convertible notes are converted at maturity, ART may hold approximately 65% of total equity in Airtasker USA (noting that the final ART equity % may vary from this illustrative example). In Jun-29 ART will acquire the remaining 35% Airtasker USA equity from its media partners based on the following valuation methodology: US Media Partnership Potential Outcomes (Illustrative Example Only1) Airtasker USA valuation Airtasker USA TTM revenue Group revenue multiple2= x If ART is trading at 2x Group revenue multiple ($237m market cap) ART will acquire 35% of Airtasker USA for $15m via issue of ART scrip (or cash) 6% dilution-> -> If ART is trading at 8x Group revenue multiple ($947m market cap) ART will acquire 35% in Airtasker USA for $60m via issue of ART scrip (or cash) 6% dilution-> -> AUD millions FY25 Revenue (actual) 4 year CAGR (asmp.) Revenue (potential outcome) Valuation (2x ART revenue multiple) Valuation (8x ART revenue multiple) Airtasker Limited (ART) 45 27% 118 237 947 Airtasker Australia 42 12% 67 133 533 Airtasker UK 3 80% 30 61 243 Airtasker USA3 1 100% 21 43 171 Value of media partners’ share of Airtasker USA (35% of equity) 15 60 ART equity dilution (potential outcome) 6% 6% 20294 (ART buyback of US equity) 1. This is an illustrative example only and should not be construed as guidance. The potential outcomes modelled are hypothetical. 2. Calculated as Airtasker Limited ASX market capitalisation divided by Group TTM revenue. 3. For Airtasker USA forecast revenue of $21.3m and valuation assumed FY25 revenue was 2x 2H25 revenue or $1.3m rather than $0.6m as 1H25 was pre-media launch. 4. For simplicity of illustrative example, assumed calculations as of 30-Jun-29. 41
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ANNEXURE D QUARTERLY OPERATIONAL METRICS 42 Meet the Taskies Larry Long and laid-back, Larry’s got your back when you need things done high up. He’s strong, stable and always keeping things grounded. 42
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1. Excludes the Oneflare marketplace. Airtasker marketplaces1 UK USAustralia1 Quarterly Financial Metrics ● Above the line brand marketing investment commenced Sep-24 (1Q25) for Australia to drive GMV and revenue growth. ● Fiscal 2Q/3Q (spring/summer) strongest quarters in southern hemisphere. ● AU FY26: Revenue up 11.3% on pcp to $46.3m; GMV up 10.9% on pcp to $211.6m. ● 5 year AU revenue CAGR 12.0%. ● Above the line brand marketing investment commenced Oct-23 (2Q24) for UK and Sep-24 (1Q25) for US, to drive strong growth in GMV and revenue. ● Fiscal 4Q/1Q (spring/summer) strongest quarters in northern hemisphere. ● UK FY26: Revenue up 55.4% on pcp to £2.2m ($4.4m); GMV up 47.3% on pcp to £11.0m ($21.6m). ● US FY26: Revenue up 149.8% on pcp to US$0.9m ($1.3m); GMV up 140.6% on pcp to US$4.3m ($6.3m). 43
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Quarterly Financial Metrics 1. AU GMV excludes the Oneflare (‘OF’) marketplace. 44
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1. Excluding the Oneflare marketplace. Airtasker marketplaces1 UK USAustralia1 Quarterly Operational Metrics ● Product investment in marketplace reliability/sales funnel eiciency continued to drive growth in booked tasks whilst maintaining monetisation rate. ● Airtasker marketplaces: FY26 booked tasks up 7.4% on pcp to 898k (FY25:836k booked tasks). FY26 monetisation rate held in line with pcp at 21.7%. ● AU: FY26 booked tasks up 4.0% on pcp to 792k (FY25: 762k booked tasks). FY26 monetisation rate held in line with pcp at 21.9%. ● UK: FY26 booked tasks up 35.6% on pcp to 81k (FY25: 60k booked tasks). FY26 monetisation rate improved 1.0ppts on pcp to 20.4%. ● US: FY26 booked tasks up 70.2% on pcp to 23k (FY25: 14K booked tasks). FY26 monetisation rate improved 0.8ppts on pcp to 20.9%. 45
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Quarterly Operational Metrics 1. Airtasker marketplaces only. 46
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47 ANNEXURE E AI UPDATE
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AI is already transforming white-collar work: ● Software ● Legal ● Admin Real-world jobs have significantly lower exposure to automation: ● Handyman ● Installation and repair ● Garden maintenance Physical, real-world jobs are less exposed to AI disruption 48 1. 1. Source: Anthropic Labour Market Impacts: hps:/ /www.anthropic.com/research/labor-market-impacts Labor Market Impacts of AI1 Mar-26
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AI destroys certain competitive moats whilst strengthening others Agentic AI may disrupt competitive moats built on software interfaces, workflows and publicly available data but they can’t easily replicate: ● Network eects ● Embedded transactions ● Proprietary data 49 The Ten Moats of Vertical Software1 Nicholas Bustamente, Feb-26 1. Source: Nicholas Bustamente: The Ten Moats of Vertical Software hps:/ /x.com/nicbstme/status/2023501562480644501
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AI unlocks powerful value drivers for Airtasker 50 Software development eiciency: Airtasker is a “net buyer” of software. As building software becomes faster and cheaper, Airtasker can deliver greater customer value with lower cost. Content moderation and leakage: AI utilises semantic, human language enabling real-time content moderation to make Airtasker even more trusted and to address platform leakage. Operational uplift: Across the company, AI is already driving powerful operational improvements including enhanced customer discovery and product development velocity.
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Airtasker’s competitive advantage: Proprietary reputation data 51 Network eects 1 02Embedded transactions 2 3 51 Regulatory responsibility 4