19 Nov 2021

Market update

ASX ANNOUNCEMENT Melbourne – 1 9 November 2021 Tesserent Market update Tesserent Limited (ASX: TNT) announces a market update on its operational performance, trading performance and a change in the leadership of the Group . • Significant organic and non - organ ic growth has been achieved over the last two years with FY21 posting a 372% increase in turnover compared to FY20. • Y ear to date to O c tober 2021 , turnover growth is 67% and divisional E BITDA growth is 150 % compared to prior year period. • Key operating measures such as ARR (at 42%) and organic growth (at 41% YTD vs. PCP) at record levels. • We are well progressed in negotiations on the targeted acquisitions and have the cash on hand to complete these . • Post these acquisitions, the Group will be well on our way to reaching its short term ambitions • To manage this growth, we have made some organisational changes at the management level, being: o Kurt Hansen will take over role as sole CEO, continuing to focus on unlocking group synergies and maximising organic growth o Geoff Lord to s tep into the role of Executive Chairman o Julian Challingsworth will step down from the Board and take on the role of Chairman of Tesserent Innovation in addition to providing ongoing consulting support to the business on M&A work and Investor relations o The CFO, James Jones, will take on broader responsibilities across M&A and Investor relations bringing direct experience in these areas from his time at Deloitte and EY o Tesserent intends to hold investor roadshows in December 2021 where further detai ls will be provided Further details will be given at Tesserent’s AGM to be held at 11.00am today, and included in the presentation to be lodged with ASX before the commencement of the meeting. YTD t urn over growth is 67% , divisional E BITDA growth is 150 % Annual Recurring Revenue (ARR) at 42% Organic growth continuing at >40% Management reorganisation to align with new go - to - market strategy ASX ANNOUNCEMENT Melbourne – 1 9 November 2021 ABOUT TESSERENT Our mission is to be the sovereign cybersecurity provider of choice for the protection of Australia and New Zealand’s digital assets. Tesserent provides full service, enterprise - grade cybersecurity and networking solutions target ed at midmarket, enterprise and government customers across Australia and New Zealand. The Company’s Cyber 360 strategy delivers integrated solutions covering identification, protection and 24/7 monitoring against cybersecurity threats. With more than 400 security engineers, Tesserent has the capability to support organisations to defend their digital assets against increasing risks and cyber - attacks. Tesserent has been transformed via the integration of several high - quality cybersecurity businesses mak ing it Australia’s largest listed dedicated cybersecurity firm. Learn more at www.tesserent.com CONTACT Investor Enquiries: Media Enquiries: James Jones Alex Belcher Group CFO Head of Marketing +61 (0)3 9880 5559 +61 (0)3 9880 5525 investor@tesserent.com alexandra.belcher@tesserent.com Authorised by the Disclosure Team under Tesse rent’s Continuous Disclosure policy
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