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1 Mobile solution for the hiring, scheduling and employment of contingent workforces Recently featured in: 23 rd June 2015 People Power Potential

2 Disclaimer This presentation has been prepared by Reclaim Industries Limited ( RCM ). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though RCM has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by RCM. Any forwardlooking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, RCM. In particular, they speak only as of the date of this document, they assume the success of RCM s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document ( Recipients ) are cautioned to not place undue reliance on such forward-looking statements. RCM makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, RCM and its officers, employees, related bodies corporate and agents ( Agents ) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of RCM and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis for any contract or commitment whatsoever. All amounts in Australian dollars unless stated otherwise. 2

3 Contingent workforces: The opportunity Contingent employees are the fastest growing sector of employment globally 1 Over half the US workforce will be contingent by No. contract workers in USA rose 5.6% in Employee turnover expected to rise to 23.4% by Upstate Business Journal, 2 Workplace Trends, Forbes Oct American Staffing Association Federal Deposit Insurance Corp, June 2012 Rision is the first HR platform dedicated to supporting contingent (contracting) workforces. It addresses the global move to contingent workforces. Powerful and intuitive platform empowers job seekers, employees, managers and HR professionals. It supports: Job seekers to find work; Employees to manage their work; Business managers to hire employees and manage shifts; HR professionals to support their clients 3

4 Introducing Rision Talent Pools Digitally enabled contingent workforce Rision leverages a database contingent and shift workers Payroll & Payment Jobs Boards Rision manages information to support payroll and is developing mobile payment solutions Human Capital Mgmt Systems Rision is cheaper and faster than a jobs board 4 Rision enables mobile rostering and timesheets for better staff management Supports SME and large enterprises

5 Faster Hiring with JobMatch Simplifies the employment process: Job seekers do not have to write job applications The burden of reviewing CVs is reduced for businesses. Find candidates with the skills, qualifications and availability to work Select or create a job profile Enter job details: length of contract, location, shift times Rision presents a shortlist of candidates with the skills, experience and avialbilty to work. Select candidates, and send notification of interview or hire

6 Employee Management Roster Last Minute Time Sheet Manage shifts and roster staff in minutes Allocate shifts based on employee availability & skills set Ensures the right team works every shift. Replace staff in less than 2 minutes Fill a last minute shift vacancy from known candidates with the required skills, expertise and availability Mobile time sheets to keep track of hours worked Improve payroll entry Rision Rostering with simple drag and drop interface 6

7 Under development in 2015 Mobile Payment Description The first complete, paycheck to pocket solution for contingent workers to include: Interface with bill payment and credit cards Money transfers Paycheck to living essentials including Rent Partnership announced with Global Payout Opportunity Massive opportunity in USA where 1 in 4 US households do not have a bank account or use non bank financial transactions. Hay Group, 2014 Report Leveraging data to support business intelligence: Enable businesses to make informed decisions Provides candidates with information about their work history Major trend: Business intelligence market forecast to reach $17.1 billion by 2016 Gartner,

8 State of the Art Technology Mobile first technology: developed in native mobile applications (IOS and Android) and HTML5 Enterprise security Built for seamless integrations First version completed and ready for deployment Multi-lingual (English version available, Spanish coming soon) 8 Product Development by USA based, global mobile system integrator Developed end to end mobile solutions for clients such as Mercedes Benz, Tesco, HP, Frost Bank, Cisco

9 Target markets SMEs & enterprises employing contingent workers Multi-location businesses Franchises Target verticals include: Restaurant & catering Fast food Cleaning Hospitality Hotels Security services High street retail Health & aged care Fruit picking Childcare Soft launched in Australia and USA High potential in secondary markets, including China, India and Indonesia. Existing customers in both USA (restaurants) and Australia (fast food and property services). 9

10 Revenue Lines & Fee Schedule Rision is free for candidates, who can register through a web interface or download the free application Source JobMatch Roster LastMinute TimeSheet Payment* Report* Targeted advertising to job seekers* Fee Schedule** $40 per search/hire $1.50 per employee per week Free $1.50 per employee per week Per transaction Per report Per advert 10 * Future potential revenue lines ** Indicative only Rision intends to implement tiered pricing for small, medium and large businesses

11 Case Studies (Revenue per employee per annum) Size of industry (USA) Size of industry (AU) Indicative Case study Property Services Hospitality Fruit & vegetable picking 2,553,234 * 10,543,880 * 543,114 * 177,520 * 372,763 * 39,503 * Existing hire, full time employee New hire, part-time worker Backpacker, three jobs over 20 weeks JobMatch $0 $40 $120 Roster and TimeSheet Income per employee per annum *IBIS World Data Actual pricing numbers to be negotiated on a client-by-client basis 11 $72 $72 $30 $72 $112 $150

12 B2B Sales Strategy Experienced sales strategy led by Steven Salsberg and supported by Ron Howard, non executive director and previously Vice Chairman, Gate Gourmet International, the world s leading airline catering company To reach scale Rision is working with channel partners and advocates and seek integration opportunities to scale the business quickly Channel Partners Staffing & recruitment companies Accounting firms Mobility channel integrators and value added resellers Integrations and API opportunities Payroll companies Mobile wallet Point of sale systems Booking keeping and accounting systems Social networks Advocates Industry Associations & Chambers of Commerce, Unions Government Other advocacy groups Rision is in commercial negotiations with a number of global organizations that will support the rollout of our products. 12

13 Go To Market Timeframe Activity Rebranding Q4 Q1 Q2 Q3 Q4 Q1 Q2 Product development Initial deployment & testing (AU) Soft Launch (USA) Integration & partnerships Ramp up of sales & marketing A key focus is sales and marketing Rision intends to appoint administration, sales and marketing support to support the scaling of the business Rision will continue to support technology development to ensure competitive products 13

14 Rision Summary A unique offering with global potential across multiple industries Solves global issues associated with contingent workforce trend First HR platform dedicated to supporting contingent workers Rision benefits everyone Job seekers find work without having to apply for multiple jobs Employees manage their work to suit their lifestyle Businesses hire and manage their staff, saving money and increasing workforce productivity HR professionals support their clients, reducing overheads Significant opportunities with global entities already in play 14

15 Offer Details Shares (m) Min. Sub. ($4m) Max. Sub. ($8m) Existing 626.7m 626.7m Public $ m 400m Consideration 400m 400m Facilitation 20m 20m Total 1,246.7m 1,446.7m Class A Performance* 350m 350m Class B Performance** 300m 300m Total Fully Diluted 1,896.7m 2,096.7m Proposed application of funds raised Min. Sub. ($4m) Max. Sub. ($8m) 15 Expenses of the Capital Raising (including capital raising fees) $440,000 $720,000 Sales and marketing of Rision products $1,131,000 $2,766,000 Ongoing technology development $650,000 $1,114,000 Corporate and administration $465,000 $793,000 Repayment of loans and deferred payments $350,000 $350,000 Working capital (including salaries) $964,000 $2,257,000 Total Funds Allocated $4,000,000 $8,000,000 *Class A Performance Shares convert to 350m Ordinary Shares upon being sold for or valued at not less than $150m within 18 months of the issue of the Class A Performance Shares. **Class B Performance Shares convert to 300m Ordinary Shares upon $20m in revenue by 29 November 2015 or the Subsidiary being sold for or valued at not less than $150m within 18 months of the issue of the Class B Performance Shares.

16 Contacts Australia Kate Cornick Managing Director Level 5, 1 Chifley Square Sydney NSW 2000 Australia USA Steven Salsberg Global Strategy Officer +1 (917) steven@rision.com Suite 1B, 306 East 78 th Street New York NY USA 16