Renewal of Telstra Business Partner Agreement

Whispir Limited (WSP, Whispir or Company), a leading software-as-a-service (SaaS) communications workflow platform that automates interactions between organisations and people, is pleased to confirm that its wholly owned subsidiary, Whispir Australia Pty Ltd, has renewed its business partner agreement (Telstra BPA) with Telstra Corporation Limited (Telstra) for a further period of three (3) years, on the same terms and conditions.

The Telstra BPA provides for Telstra entering into contracts with its customers for the re-sale of the Whispir platform and other services. It also provides the terms under which Telstra uses the Whispir platform and services for its own internal purposes.

DISC: I hold

WHISPIR DELIVERS STRONG FY21 HALF-YEAR, WITH INCREASED PLATFORM USUAGE AND RECORD NEW CUSTOMERS

1H FY21 Highlights:

•  Annualised Recurring Revenue (ARR) at $47.4 million, up from $36.7 million for the same period last year - a 29.2% increase
•  Half-yearly revenues increased 27.3% over the prior corresponding period (PCP) to $23.1 million
•  Customer numbers now total 707, up 38.9% on PCP with a record 77 net new customers onboarded in 1H FY21
•  EBITDA of $(1.8) million, significant improvement on PCP
•  Upgraded EBITDA guidance and updated guidance for ARR and revenue

Disc; I hold

WSP~Appendix 4C – Q2 FY21

Highlights

• Annualised Recurring Revenue (ARR) of $47.4 million at end of Q2 FY21; 29.2% higher than the prior corresponding period (PCP) and up 8.5% on the quarter ended 30 September 2020 (Q1 FY21).

• Quarterly cash receipts increased 8.2% over Q1 FY21 to $11.3 million.

• Acquired 42 net new customers during the Quarter, bringing total customers to 707 by the end of Q2 FY21.

• First quarter operating cashflow positive, at $0.4 million.

DISC : I hold