Slides
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I N V E S T O R P R E S E N TAT I O N · A S X : I C E · O C T O B E R 2 0 2 6 The AI that watches every camera The intelligence layer for smart buildings. Partner powered. 20,000+ cameras deployed 80+ sites 15+ countries ~90% gross margin
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CORPORATE SUMMARY · ASX: ICE icetana AI at a glance 2 CAPITAL STRUCTURE Share price Close, 14 October 2026 5.0c Shares on issue 664,325,914 ordinary shares 664.3m Market capitalisation At 5.0c per share $33.2m Cash As at 30 September 2026 $3.9m SHAREHOLDERS 72% Top 20 shareholders 26% Strategic partners 32% Other significant shareholders 664.3m shares on issue Strategic partners SoftBank Robotics 14.1% · Macnica 11.9% 26% Other significant shareholders Lance East 24.7% · Skiptan 7.6% 32% Board and management Directors and senior management 3% All other shareholders 39%
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T H E P R O B L E M Too many screens, not enough eyes ~50 cameras one person can effectively watch at a time 2,000+ cameras one operator can manage in real time with icetana AI and Antara Core Safety & Security takes one operator from ~50 to ~600 cameras. Antara Core extends them to over 2,000 cameras. Illustrative. Security is moving from recording, to detecting, to acting automatically. 3
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4 W H AT I C E TA N A A I D O E S Spots the unusual. Alerts within 3 seconds. 3 seconds Learns what's normal in 24 hrs For every individual camera, continuously Spots unusual, dangerous or specific events Unusual or potentially dangerous events, in real time Alerts your team Critical events reach security teams before incidents escalate No manual setup
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A N TA R A C O R E · T H E N E X T G E N E R AT I O N Antara Core Live Illustrative interface Show me any spills near the food court HAZARD ALERT Spill detected Food court, level 1 Camera 14 · just now Cleaning team notified 5 Private generative AI 3 sales commercial orders in 3 months 2,000+ cameras per operator, real time $4m saved p.a. vs cloud AI tokens Equivalent to running OpenAI on your own infrastructure - privately, without sending footage or prompts to the cloud. Saves the average regional mall ~$400k p.a. in avoided trip-and-fall liability. Footage never leaves the site. No ongoing token costs. Detects hazards, aggression and weapons through one configurable AI engine. "Bring the AI to the video, not send the video to the AI." Kevin Brown, CEO
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P R O V E N AT S C A L E ARR $3.1m. +19% in a quarter. Antara Core opening. 6 +19% quarterly ARR growth from $2.6m to $3.1m, Jun to Sep 2026 +31% revenue growth year on year from $1.9m (FY25) to $2.5m (FY26) Oct 25 Largest AU sale to date $376k, 60-month SaaS via Millennium Mar 26 MAF expansion renewal $2.1m three-year expansion Jun 26 Antara Core launched Jun 26 SBR America signed Sep 26 Third Antara Core order $675k, won from 4-week trial $1.29m Antara Core contracted since June launch · ~90% gross margin · 5-year contracted SaaS terms ARR figures per icetana quarterly activities reports.ARR is not a statutory measure and is not independently audited on a quarterly basis. First Antara Core sales: $617k Fifth regional distribution agreement with SBR
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A C H A N N E L T H AT ' S A L R E A D Y C O N V E R T I N G One partner. Three sales in three months. Holds a majority stake in Millennium 100+ sites in the Millennium estate ANTARA CORE ORDERS · FIVE-YEAR TERMS $199,000 Large retail shopping centre, NE Queensland | 1 site | Jun 2026 $419,000 One of the largest malls in the southern hemisphere, NSW | 1 site | Jun 2026 $675,000 One of Australia's largest retail property groups, won from a four-week live trial in Sydney | 1 store | Sep 2026 100+ shopping centres serviced by Millennium across Australia and NZ ~$400k saved per mall p.a. in avoided liability costs 7 3 of 100+ malls at Millennium
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THE BIGGER PICTURE Where icetana AI sits in a $100bn thesis 8 CAPITAL SoftBank Group Reported US$100bn IPO target for Roze (SoftBank’s reported robotics/AI spinout). Thesis: physical AI performing work in the real world, including robotics, automation and AI deployed across buildings at scale. OPERATING PLATFORM Smart Building X (SBX) SoftBank Robotics America acquired Green Clean Commercial in March 2026 to launch SBX, combining human workers, autonomous cleaning robots, and AI under one orchestrated platform. Millennium and RSC Group run the same model in Australia and Japan, and are both existing customers. SECURITY AI · SmartBX Security icetana AI Launched July 2025 in APAC as the named security AI layer of SmartBX. Antara Core runs generative AI on the operator's own servers, watching every camera, triaging events and relaying alerts to the people and robots already on the floor. Product roadmap NOW Robotics Integration On Premise Agentic Compute NEXT Agentic Workflow Learning Loops IN THE SBX PRODUCT STACK icetana AI SmartBX Security - SoftBank Robotics’ named security product across APAC, Japan, MENA and the Americas. Roze details per Financial Times: SoftBank eyes listing new AI and robotics firm Roze in the U.S., FT reports. SBX launch per SoftBank Robotics America press release, 24 Mar 2026. icetana AI SmartBX Security launch per SoftBank Robotics press release, Jul 2025. This slide contains forward-looking statements and icetana AI's interpretation of public information.
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THE OPPORTUNITY The market is big enough. The ambition is 1 million cameras. 9 AUSTRALIA ~250,000 cameras in Australian retail property ~100 major shopping centres. $38m ARR at ~$150 per camera. icetana AI inside 3 Millennium sites. 5 REGIONS SBR est. 10-50M cameras across SBR territories ANZ & Japan: proven deployments live. MENA: active pipeline. SBR Americas: distribution agreement signed June 2026. GLOBAL BASE 1.2 billion+ cameras worldwide (2025) 1% of global base = 12 million cameras. 15.4m new cameras shipped in the US in 2024. The market grows faster than we need to. OUR AMBITION 1,000,000 cameras under licence At ~$150 per camera per year. 1% of the global installed base is 12 million cameras. Aspirational, not a forecast or guidance. Beyond security: the same AI layer serves safety, cleaning, operations and robotics. Aspirational ambition only, not a forecast, projection or financial guidance. Per-camera rate is an internal planning assumption derived from announced contracts. Global installed base: 1.2bn+, 2025 (MarketsandMarkets and others). AU retail camera estimate: icetana AI market estimate. See Regulatory and legal.
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DE-RISKING THE THESIS Prove it at home. Repeat it in the US. 10 THE FM HYPOTHESIS A facilities-management operator can sell and run security AI inside its clients' estates. Millennium co-built hazard detection with its own frontline teams, then bought it for its clients. Four announced orders in twelve months, every one a 60-month SaaS contract. End users are national retail property groups: the first site becomes the template for the portfolio. The operator carries deployment, support and the relationship. icetana ships software. THE AI HYPOTHESIS On-premise generative AI can replace cloud AI at venue scale, privately and at a fraction of the cost. Antara Core live in Queensland and New South Wales venues since mid-2026. No ongoing token costs: up to $4m a year in avoided cloud AI spend for the first customer, as announced. Three commercial sales in three months: the fastest adoption of any icetana product. One engine covers hazards, aggression and weapons; each new detection is configuration, not a new product. Then repeat. SoftBank Robotics America signed in June 2026 and its North American facilities platform is in place. The same operator-led playbook, proven in Australia, is being prepared for the US market.
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W H Y I C E TA N A A I Proven. Scaling. Global. PR OVE N 20,000+ cameras in real deployments, not pilots +31% FY26 revenue growth, year on year S CA L I N G 3 Antara Core sales in 3 months 100+ shopping centres serviced by our partner Millennium G LO B A L 5 regional distribution agreements with SoftBank Robotics 1.2 billion+ cameras installed globally (2025 market research) O U R A M B I T I O N 1,000,000 cameras under licence Every Millennium centre on Antara Core 5 partner regions live First SBR Americas customer First robot-integrated deployment Global installed base: 1.2bn+ cameras, 2025 (MarketsandMarkets, multiple analysts). Ambitions are not forecasts or guidance. 11
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C O N TA C T Get in touch Kevin Brown Chief Executive Officer kevin.brown@icetana.ai icetana.ai +61 8 6282 2811 Perth office L36, 152 St Georges Terrace, Perth WA 6000, Australia Dubai office 2102 Cheddar Cheese Tower, Marasi Drive, Business Bay, Dubai, UAE 12
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Regulatory and legal icetana Limited ACN 140 449 725 (the Company) is the issuer of this presentation. Forward-looking statements This presentation contains forward-looking statements. Those forward-looking statements reflect views held only as at the date of this presentation. Any such statement is subject to inherent risks and uncertainties. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement, and such deviations are both normal and to be expected. Recipients must make their own assessment about the likelihood of a matter, about which a forward looking statement is made, occurring. The Company makes no representation about the likelihood of a matter, about which a forward-looking statement is made, occurring. The Company and its directors, employees, agents, advisers and consultants: give no representation or warranty to a recipient of this presentation as to the accuracy or completeness of the statements contained in this presentation or in relation to any other matter; and to the fullest extent permitted by law, disclaim responsibility for and have no liability to a recipient of this presentation for any error or omission in or for any statement in this presentation. Ambitions are not forecasts or guidance The milestones shown as “Our ambition” in this presentation are aspirational goals only. They are not forecasts, projections or guidance, and they are not a representation that any milestone will be achieved, or achieved by any particular time. They are subject to the risks and uncertainties described above, and recipients should not rely on them. 13
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Regulatory and legal (continued) icetana Limited ACN 140 449 725 (the Company) is the issuer of this presentation. Reliance on presentation A recipient of this presentation must make their own assessment of the matters contained herein and rely on their own investigations and judgment in making an investment in the Company. This presentation does not purport to contain all of the information required to make an informed decision whether to invest in the Company. Specifically, this presentation does not purport to contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the Company’s assets and liabilities, financial position and performance, profits, losses and prospects. Not a recommendation or financial advice The information in this presentation is not a recommendation to subscribe for securities in the Company and does not constitute financial advice. Any person who intends to subscribe for securities must conduct their own investigations, assessment and analysis of the Company and its operations and prospects and must base their investment decision solely on those investigations and that assessment and analysis. Prospective investors should consult their own legal, accounting and financial advisers about an investment in the Company. 14
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Regulatory and legal (continued) icetana Limited ACN 140 449 725 (the Company) is the issuer of this presentation. Not an offer This presentation is not a prospectus, product disclosure document or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This presentation is for information purposes only and should not be considered as an offer, solicitation, inducement recommendation or an invitation to acquire securities in the Company or any other financial products and neither this document nor any of its contents will form the basis of any contract or commitment. This presentation may not be distributed to any person in any country outside Australia except to the extent permitted under applicable laws. The release, publication or distribution of this presentation (including an electronic copy) outside Australia may be restricted by law. If you come into possession of this presentation, you should observe such restrictions and should seek your own advice on such restrictions. Any non-compliance with these restrictions may contravene applicable securities laws. 15