Company ASX: RFL - Rubik Financial Limited

Chairman Mr. Craig Coleman

Group CEO Mr. Niek Hoogenhout

MD Wealth Mr. Wayne Wilson

Date 1st April 2014

INVESTORPRESENTATION

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IMPORTANT NOTICE & DISCLAIMER

The Company and its respective directors, employees, agents and consultants shall have no liability (including liability to any person by

reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out

of, contained in or derived from, or any omission from the Presentation, except liability under statute that cannot be excluded. The

presentation contains reference to certain intentions, expectations and plans for the Company. These intentions, expectations and

plans may or may not be achieved. They are based on certain assumptions which may or may not be met or on which views may differ.

The performance and operations of the Company may be influenced be a number of factors, many of which are outside the control of

the Company.

No representation or warranty, express or implied, is made by the Company or any of its representative directors, officers, employees,

advisors, or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of

return will be achieved. Actual results and developments will almost certainly differ materially from those express or purport to be

inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s

prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and

completeness of the information, statements and opinions contained in this presentation before making any investment decision.

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THE RUBIK STORY

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› The largest Australia-focused Financial Services (FS) software house

(by Client number)

› 100+ FS Clients with long-lasting contracts

› 7 platforms and 24 applications

› The Cloud is 30% of our business – and growing

› Accelerating growth

- Ambition to organically grow EBITDA by 40+%pa

- Acquisition of 2 Mortgage Platforms in progress

We “Listen Well, Build Once and Sell Many”For

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OUR VALUE PROPOSITION

We offer the best price/quality with comfortable control.We are locally owned and operated.

Cost

Control

“Best when internationalising”

Internal

“Best when differentiating”

Rubik

“Best price/quality”

Where to get Software?

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Happy Medium

Global Vendor

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OUR 100+ FS CLIENTS ARE OUR STRENGTH

5Our Clients make us the largest Australia-focused FS software house

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OUR SUCCESS FORMULA

This has created a flywheel effect not easily copied by Competitors

More client relationships

Listen well.Build once.Sell many.

Better understanding of client needs

Better Client retention (incumbency)

More relevant software development

Better risk cash flows

More investment in software

Better cost of capital

Better client offering

62007

2014

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OUR JOURNEY

CFO to include

Share Options –

yet to calculate

EBITDA ($m)

29%

FY13-FY16

(CAGR%)

FY12A FY13A FY14F FY15Ambition

FY16Ambition

-0.059

5.8

8.0

12.0

16.0

ROE (%)

15X

FY12A FY13A FY14F FY15Ambition

FY16Ambition

-3.8

23.6

18.8

8.2

1.6

FY13-FY16

(Times)

Revenues ($m)

22%

FY12A FY13A FY14F FY15Ambition

FY16Ambition

51.0

34.4

30.0

22.9

8.9

FY13-FY16

(CAGR%)

Operating

Cash Flow ($m)

FY13-FY16

(CAGR%)

4.04.6

8.8

5.2

FY12A FY13A FY14F FY15Ambition

FY16Ambition

14%0.3

7

Our ambition is to organically grow EBITDA 40%+ p.a

In Wealth, 85%

of revenues are

recurring

30

25

20

15

10

5

0

FY09 FY10 FY11 FY12 FY13

Pe

rce

nta

ge

%

Market Share

Note 1: COIN Market shares

Note 2: Ambition numbers exclude M&A.

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WE OFFER ‘PLATFORMS’

WHAT IS THIS?

› Platforms are foundational pieces of software with basic functionality, e.g.

› CRM

› Workflow

After implementation, platforms become an incumbent foundation

• CRM • Workflow

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Rubik App Store

OUR PLATFORMS RUN OUR APPLICATIONS

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ORGANIC GROWTH: APPLICATIONS

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Ap

plica

tio

ns

30

25

20

15

10

5

2007 2009 2010 2011 2012 2013 2014 2015 20162008

Collections Collections Collections Collections Collections Collections Collections Collections Collections Collections

Core Banking Core Banking Core Banking Core Banking Core Banking Core Banking Core Banking Core Banking Core Banking

COIN COIN COIN COIN COIN ProvisioProvisioProvisio Provisio

Mortgages 1 Mortgages 1 Mortgages 1Mortgages 2 Mortgages 2 Mortgages 2

Pla

tfo

rms

PaymentsPaymentsPaymentsPaymentsPaymentsPaymentsPaymentsPayments Payments

ChannelsChannelsChannelsChannelsChannelsChannelsChannelsChannels Channels

CardsCardsCardsCardsCardsCardsCardsCards Cards

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Single Tenant

Client Site

License Fees

Upgrades per Client(intensive testing required)

Arms length integration

30 FTE Client Support

OLD MODEL NEW MODEL: CLOUDMulti Tenant

Rubik Site

License Fees + Transaction Fees

Upgrades across all Clients (minimal testing required)

Full integration

Minimal FTE Client Support (due to scale – we already host over 300 instances)

ORGANIC GROWTH: CLOUD

The Cloud is 30% of our business and growing.

The Cloud is increasingly our preferred software delivery model.

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INORGANIC GROWTH: OVERVIEW

Investment as multiple of current underlying EBITDA*

Investment as multiple of deal-time underlying EBITDA

Banking

Swiftcall/EITen ~2.50x 6.54x

Admerex ~0.35x 1.33x

Wealth

COIN 3.52x 4.80x

VISOR 0.21x 0.27x

Provisio 5.95x 4.12x

Mortgages

Mortgage 1 Term sheet signed DD in progress

Mortgage 2 Term sheet signed DD in progress

*Based on Forecast EBITDA FY14 (excl. Corporate costs)

COMPLETED ACQUISITIONS OPERATING MODEL CAN ABSORB MORE

CMO

CIO

CFO

Wealth Mortgages Banking

We will be strategically positioned to service

one of Australia’s largest FS Profit Pools

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NEW

This will increase our Client base

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INORGANIC GROWTH: MORTGAGES STRATEGY

Executing Our Success Formula…

› We have listened to our Clients

› They have asked us to enter into Mortgages

› Financial Planners want to sell Mortgages

› We have identified the right platform in the market

› We have signed two non-binding Term Sheets

…Synergistically & Strategically

› Our entry into Mortgages is synergistic with our existing Client Base

› The platform in question will also perform STP i.e. Straight-Through Transaction Processing

› We may grow by developing additional applications for these platforms

› Both acquisitions are very synergistic between themselves

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Mortgage platforms will enable charging of license fees and transaction fees

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ON BALANCE, WE ENJOY TAILWINDS

TAILWINDS HEADWINDS

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› Growing SUPER balances

› Increased need for advice (e.g $600 Billion superannuants go from pre-retirement to post-retirement)

› Tier 2 and 3 Banks following lead of Tier 1 Core Banking Platform Replacement

› Growing compliance costs increase need for technology solutions

› FoFA will probably promote scaled advice

› FoFA will probably relax commission restrictions and to sell more Products, Clients will need more Applications

› Increased software budgets because of regulatory reforms

› Advisors allow choice rather than a one house software model

› Margin squeeze across the distribution footprint and who will ultimately be the winners

› FoFA uncertainty

› New market entrant e.g Xero

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› The largest Australia-focused Financial Services (FS) software house

(by Client number)

› 100+ FS Clients with long-lasting contracts

› 7 platforms and 24 applications

› The Cloud is 30% of our business – and growing

› Accelerating growth

- Ambition to organically grow EBITDA by 40+%pa

- Acquisition of 2 Mortgage Platforms in progress

› We invite you to keep an eye on us and continue to communicate

SUMMARY AND OUTLOOK

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QUESTIONS

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APPENDIX 1: CORPORATE SNAPSHOT

Capital Structure

Fully Paid Ordinary Shares (current) 265.99m

Options (current) 2.00m

Debt (as of 28 February 2014) $7.16m

Shares Price (current) $0.45c

Market Capitalisation (current) $118.37m

Net debt (as of 28 February 2014) $5.26m

Substantial Shareholder Shares %Holding

Wyllie Group Pty Ltd 45.0 Million 16.92%

Gumbalie Pty Ltd / Edgley Family Interests 15.9 Million 5.98%

Date: as of 31st March 201417

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Level Name Role

Board

Craig Coleman Chairman

Andrew Moffat Non-Executive Director

John Wilson Non-Executive Director

Management

Niek Hoogenhout Chief Executive Officer

Wayne Wilson Managing Director - Wealth

Ken Carr Managing Director - Banking

Andrew Roberts Chief Information Officer

Paula Kensington Chief Financial Officer

APPENDIX 2: THE TEAM

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APPENDIX 3: NEW GROUP CEO

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Niek is founding Director of the Vantage Private Equity Growth Fund.

He completed Corporate Governance at Harvard (Exec.Ed.) and holds an MBA from IESE

(Harvard Curriculum), Spain and a BBA from Nyenrode University, The Netherlands.

Boston Consulting Group Partner - Financial Services 2011 - 2014 Sydney

Accenture Partner - Financial Services 2008 - 2011 Sydney

L.E.K. Consulting Partner - Financial Services 2007 - 2008 Sydney

Citibank Asst. Vice President 1996 - 1999 Sydney

Niek Hoogenhout – Group Chief Executive Officer

Experience (digest)

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APPENDIX 4: RFL STOCK PRICE

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50C

en

ts

RFL Share Price - 24 Months

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APPENDIX 5: GLOSSARY

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Terms Definition

ADI Authorised Deposit-Taking Institution

AFSL Australian Financial Services Licence

Application A program or piece of software designed to fulfil a particular purpose

A.P.I. (Application Program Interface) To allow easy plug of additional application

CAGR Compound Annual Growth Rate

CRM Customer Relationship Management

CloudA network of remote servers hosted on the internet and used to store, manage and

process data in place of local servers of personal computers

EBITDA Earnings Before Interest, Taxes, Depreciation & Amortisation

FS Financial Services

FoFA Future Of Financial Advice

FTE Full-Time Equivalent

Platform A piece of software with basic functionality

RFL Rubik Financial Limited

ROE Return On Equity

SGC Superannuation Guarantee Charge

STP Straight-Through Transaction Processing

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