LumiGrow Opportunity May 2019 Disclaimer The material contained in - PowerPoint PPT Presentation

LumiGrow Opportunity May 2019

Disclaimer The material contained in this document is a presentation of general information about Enevis’ activities current as at the d ate of this presentation. It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate. To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by Enevis, including any of its related bodies corporate. This document may contain forward-looking statements with respect to the financial condition, results of operations, and business strategy of the Enevis Group. These forward-looking statements are based on estimates, projections and assumptions made by the Enevis Group about circumstances and events that have not yet taken place. Although Enevis believes the forward-looking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond Enevis’ control, and which may cause actual results, performance or achieveme nts to differ materially from those expressed or implied by the forward-looking statements (and from past results). Enevis makes no representation or warranty as to the accuracy of any forward-looking statements in this document and undue reliance should not be placed upon such statements. The forward-looking statements in this document speak only as of the date of this document. Enevis does not intend to update the forward-looking statements in this document in the future.

Enevis Snapshot COMPANY INFORMATION Financial Position 1H19 revenue was ~$20m with expectation of similar revenue in 2H19 Achievements 1H19 Successful integration of Lumex business and expansion into the South Australian market State Library of Victoria redevelopment, Melbourne Star lighting upgrade, Victoria Racing Club Flagship Projects lighting, Joan Kirner Hospital audio visual, Rialto Towers audio visual, lighting for multiple Melbourne train stations Brands Target Markets Primary markets are Australia, New Zealand and Asia LED lighting, lighting controls, street lighting and columns, architectural lighting, electrical, Product/Service Categories audio visual, communications, immersive AV solutions, energy rebate auditing Sales Network and employees Sales offices in Victoria, New South Wales, Queensland, South Australia and Western Australia. 105 employees business-wide Enevis applies its technological and lighting expertise to create innovative, energy efficient solutions in its chosen markets.

The Opportunity Enevis has been selected by US grow lighting manufacturer LumiGrow to exclusively market its sophisticated LED lighting solutions in Australia, New Zealand and parts of Asia. Traditional Cropping Protected Cropping Protected Cropping with LumiGrow Lighting The economic benefits of protected cropping are significant, delivering multiple times the yield of a traditional crop. LumiGrow lighting is the next revolution in protected cropping, delivering further quantum increases in yield and quality. The benefits include: • • • material increases in yield consistency in quality and yield growing out of season produce • • • vastly smaller land use pest and weed control reduced impact on the land • • • higher quality produce energy and water efficiencies foreign plants in local area • • • higher returns for farmers better flavour and longer shelf life close proximity to market for transport and labour force Protected cropping or controlled environment horticulture delivers greater consistency, yield and efficiencies.

Overview of Australian/NZ Protected Cropping Markets Market Greenhouse Area under Cultivation - 20% of Australia (ha) $1.56B pa total cut ~30% of vegetable farmgate flower and 8 growers use 600 12 value protected cropping vegetable 500 market 400 300 580 36 500 200 Aside from the widely-understood benefits of protected cropping 100 200 19 23 2 30 21 under LED lighting, Australia/NZ lends itself to such an approach 0 10 QLD NSW VIC SA WA TAS because: • Vegetables Flowers it is prone to drought and extreme weather events • its size means that significant efficiencies in the supply chain, Number of Growers - Australia such as transport, can be achieved 170 900 • there is minimal regulation of the industry 47 700 • the size of the market and the potential for transition from 500 traditional horticulture methods is vast 135 680 650 300 112 • the market has historically grown at 4-6% pa, but demand for LED 94 29 100 200 grow lights is expected to be significantly higher as a result of: 80 25 30 -100 QLD NSW VIC SA WA TAS − the new cannabis market Vegetables Flowers − retrofitting of existing greenhouses. Information from Protected Cropping Australia & in-house research Market size and potential make Australia, New Zealand and Asia an attractive opportunity for Enegrow.

LumiGrow Snapshot COMPANY INFORMATION Established in 2007, LumiGrow is a horticultural LED lighting business providing smart lighting and Description cloud-based software solutions, including adjustable spectrum LEDs (the latest in horticultural lighting technology) for large-scale glasshouses, research facilities and horticultural applications. Location Emeryville, California, a tech hub near Silicone Valley. Developed by scientists, researchers and growers to fully understand and capitalise on the ways light Technology can be used to optimise crop production as well as how lighting efficiencies can be achieved in controlled environment growing. Primary market is America and Canada, with a new supply agreement entered into with Enegrow to Markets cover Australia, New Zealand and parts of Asia. Over 20,000 fixtures controlled in the cloud for 150 customers across crops that include but are not Customer Base limited to vines, cannabis, ornamentals and leafy greens. Products Lighting, sensors, software, mountings, financing, services. Only developer of smart LED grow lighting systems in North America which offer precise spectrum control to match the changing needs of plants throughout their growth cycle.

LumiGrow Product Suite TopLight ™ TopLight ™ Node smartPAR ™ Software • Provide ideal lighting conditions • Industry’s first smart power supply • User friendly software for custom needed for plant growth and connects with control modules and lighting solutions with energy analytics • development Controlled from smart phone, tablet or sensors • Multiple mounting options for • Automate perfect lighting conditions computer • high-light or low-lights crops in the greenhouse or create light Cloud based software solution recipes for indoor environments LumiGrow partners with the world’s largest growers and leading research institutions to understand how light can be used to optimise crop production and stay ahead of the curve.

LumiGrow and the Enevis Platform Established Required Financial management Enevis’ existing corporate platform and technical capabilities Lighting technical knowledge will be complemented by specific horticultural skills and resources Project management Finance partner for SAAS and LAAS Working capital Corporate services support Networks and relationships Sales and marketing expertise Organisational structure Customer service and help desk Enevis has the established structure, resources, relationships and financial management to successfully introduce and expand LumiGrow in Australia, New Zealand and parts of Asia.

The Enegrow Business Model Products & Services Sell Lighting Solution Install & Design & Audit Sell Lighting Lighting Solution Solution Commission System Ongoing Design & Audit Sell Lighting Install & Supply & Comm’n Lighting Solution Solution Commission System Software Customer Care Supply & Comm’n Design & Audit Finance Lighting Install & Ongoing Lighting Solution Solution Commission System Software Customer Care Greenfields Suppliers to the Protected Growers Other Markets & Sectors and Cropping market Retrofit • Glasshouse manufacturers • Large scale operators • Research laboratories • Energy services providers • Mid-market operators • Large scale plant nurseries • Water systems and irrigation • Emerging market of • Vineyards providers Cannabis growers • Indoor horticulture Enegrow’s product suite offers customers flexible sales packages from lighting sales to fully financed solutions.