UXC Limited 2015 Full Year ResultsACN 067 682 928

Delivering earnings growth

Cris Nicolli - Managing Director

Iona MacPherson - Chief Financial Officer & Company Secretary

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Agenda

│ Key messages & highlights

│ Financial performance

│ Business overview & operational strengths

│ Strategy & growth opportunities

│ Outlook

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Key messages & highlights

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| Strong NPAT growth: +47% to $23.1m

| Impressive PBT growth of +36%: organic core returns to strong growth : +18-23%

| Annuity revenues increased by 13%: contributed 29% of FY15 revenues

| $100m in new contract wins including annuity contracts underpin a strong FY16 outcome

| Record group revenues: +7% notwithstanding the strategic mix shift

| Success in North American markets; target to double the business to a $130m+ revenue business; market leader in Microsoft AX

| High growth in new customer additions - 4 new $5m+ clients

| Market leader in new technologies and digital; over 50 emerging technology offerings; contributes 10% of revenue and growing

| Strengthening positon of UXC brand recognition

| Strong cash flow and debt reduction; cash surplus of $3m at year end

Key messages & highlights

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Strongly improved FY15 performance

Financial highlightsFY15

$mFY14

$m%

Change

Revenue 686.4 643.4 7

EBITDA* 42.1 32.8 28

EBIT* 32.6 24.6 33

PBT* 29.9 22.0 36

NPAT* 23.1 15.7 47

Statutory NPAT 22.5 15.7 43

Basic EPS* 7.0¢ 4.97¢ 41

Dividend (interim & final) 5.3¢ 3.75¢ 41

Return on equity 9.9% 7.3% 36

Free cash flow 25.6 24.2 6

$3m cash surplus as at 30 June 2015 (FY14 - $4.1m net debt)

* - from continuing operations

Strong organic earnings growth

2nd half PBT improvement of 27% over 2HFY14

Increasing annuity business now 29% of revenue

Strategic shift in product mix to higher margin services

Full year dividend of 5.3c representing a 79% payout ratio based on NPAT

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Strongly improved FY15 performance

* - from continuing operations

| Significant success in tender wins and customer renewals

| Improved gross margin from product to services shift and improved utilisation

| Disciplined and effective project delivery & risk management reflected in improved margins

| Strong backlog of work won in FY15 plus FY16 pipeline supports further FY16 improvement

| Highly successful and growing Microsoft Dynamics AX North American business

| Market leader in emerging technologies & digital

| Successful acquisition and integration of Saltbush and Contiigo

| Debt refinanced on improved commercial terms

| Consolidation of Sydney offices into one location

| Planning underway for consolidation and rationalisation of certain support services

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Financial performance

│ Revenue growth

│ Earnings growth

│ Income statement

│ Balance sheet

│ Free cash flow

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13 years of growing revenues

89129

165208

294

407456

470

521

560594

643

686

0

100

200

300

400

500

600

700

800

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

Revenue$m

Full Year Revenue FY03 - FY15

17% CAGR over the past 13 years

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EBITDA growth history

$7

$12

$15$17

$25

$30$26

$31

$21

$32

$39

$33

$42

$0m

$5m

$10m

$15m

$20m

$25m

$30m

$35m

$40m

$45m

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

EBITDA$m

Full Year EBITDA FY03 - FY15

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Income statement

FY 15$m

FY 14$m

Revenue 686.4 643.4

EBITDA* 42.1 32.8

Depreciation (4.4) (3.9)

Amortisation (5.1) (4.3)

EBIT* 32.6 24.6

Interest (2.7) (2.6)

PBT* 29.9 22.0

Tax* (6.8) (6.3)

NPAT* 23.1 15.7

Statutory NPAT 22.5 15.7

* from continuing operations

Strong revenue growth despite the strategic shift in revenue mix from lower margin product and licence revenues

Depreciation increased due to capital spend associated with the consolidation of Melbourne & Sydney facilities

Amortisation on contractual rights will reduce in line with contracts reaching the end of their initial term:

• FY15 - $0.8m• FY16 - $0.3m

One off tax benefit of $1.9m relating to the North American business

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Balance SheetFY 15 $m FY 14 $m

Cash 25,197 19,724

Receivables 115,361 110,548

Accrued Income 23,250 21,829

Prepayments 15,377 15,624

Deferred tax assets 21,164 17,520

Plant & Equipment 17,675 12,593

Goodwill 226,795 209,130

Other Intangibles 11,842 14,147

Other Assets 6,202 5,716

Total Assets 462,863 426,831

Payables 114,411 100,586

Unearned income 46,711 42,357

Borrowings 22,239 23,888

Provisions 35,682 34,954

Other Liabilities 11,652 10,054

Total Liabilities 230,795 211,839

Net Assets 232,068 214,992

Cash surplus of $3m at 30 June 2015 (FY14 – net debt of $4.2m)

Debtors days consistent at 59 despite continuing pressure on customer payment terms

Higher earnings converted successfully to cash

Increase in plant and equipment due to leasehold improvements associated with new Sydney facility

Increase in goodwill following the acquisitions of Saltbush and contiigo - $12.9m; and FX impact - $4.8m

Debt refinanced on improved and more flexible terms

Current ratio of < 1 is driven by unearned income of $46.7m. This is not an external liability – it represents payments in advance and is an amount that will be amortised to income as services are provided – it effectively represents sold revenue streams yet to be delivered.

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Free cash flow

FY 15$’m

FY 14$’m

EBITDA - Reported 42.1 32.8

Working Capital Movement 6.2 9.5

Net Borrowing costs paid (2.4) (2.6)

Tax Paid (8.3) (8.6)

Cash Generated by Operations 37.6 31.1

Capex & Software Development (12.0) (6.9)

Free Cashflow 25.6 24.2

Acquisitions (6.4) (42.0)

Dividends paid (13.5) (12.3)

Borrowings - Proceeds / (Repayment) (1.6) 15.0

Net increase / (decrease) in cash 4.1 (15.1)

FX movements 1.4 0.5

Add: Opening cash 1 July 2014 19.7 34.3

Closing Cash 30 June 2015 25.2 19.7

Cash flow affected by seasonal factors consistent with UXC history

Higher earnings converted successfully to cash

Strong free cash flows

Payments for the Saltbush & contiigo acquisitions -$4.4m

Deferred consideration relation to prior period acquisitions - $2.0m

Payments for capex includes $5.6m of leasehold improvements relating to the consolidation of city offices into one Sydney facility

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Business overview & operational strengths

| Business overview

| Annuity success

| Diversified client base & industries

| Diversified technologies & partners

| Emerging technologies

| Diversified geographies

| FY15 acquisitions

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Services: Advisory Research, Strategy & Architecture, Business Transformation, Cyber & information security, Project, Program & Portfolio Management, Business Analysis, Technical Design, Communications Consulting, Testing, Training

Business overview

Summary breakdown Key segments and brands

FY15 revenue by UXC segment

FY15 EBITDA by UXC segment1

Services: ERP, CRM, Analytics & Business Intelligence, HCM, Supply Chain Management, Corporate Performance, Enterprise Content Management, Financials, Asset Life Cycle Management, Financials, Asset Life Cycle Management, Application Management Services, eCommerce, Omni-channel

Services: Network Infrastructure, Unified Communications, Data Centre Optimisation, Workspace Virtualisation, Managed Services & Support, Enterprise Mobility, Contact Centre, Entertainment & Content, IP Video Surveillance, Outsourcing & Cloud

CONSULTING AND ADVISORY (FY15 revenue: A$109m ) Design

ENTERPRISE APPLICATIONS (FY15 revenue: A$355m) Implement & Enhance2

1

IT INFRASTRUCTURE (FY15 revenue: A$223m) Operate & Manage3

1. Before corporate costs, on continuing operations basis

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Business overview – changing mix of revenue

Consulting Applications Infrastructure

84.9

322.1

236.4

109.2

354.9

222.629%

10.1%

5.8%

| Total Revenue up 7%

| Small decline in Infrastructure segment through strategic shift from lower margin products revenues

| Annuity Revenues up and increasing percentage of Total Revenue

| Strong retention of clients and

| Acquisitions have supported rise in Services Revenue

Services AnnuityRevenues

Product &Licences

345.0

175.3123.1

371.4

196.7

120.2

7%

13%

2.3%

Revenue ($m) by UXC Segment FY14 vs FY15 Revenue ($m) by UXC Offering FY14 vs FY15

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Annuity client wins and retention

| Retained all clients in FY15

| Added new clients for revenue delivery in FY16

IXOM

Leightons/CIMIC JV

Endeavour

Fletchers

| Renewed and expanded client contracts for FY16

| Enhancements to service delivery continues to improve earnings

| Increasing leverage for additional projects and services

| Strong retention rate on maintenance and support agreements

Annuity retention and new client wins underpin FY16 growth

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Managed service and maintenance annuity revenue by segment

41,995 48,431 56,572

82,175 96,788

71,857 75,832

77,176

89,974

95,719

114,670 125,020

134,396

172,766

194,704

-

50,000

100,000

150,000

200,000

250,000

300,000

FY11 FY12 FY13 FY14 FY15

Applications Infrastructure Consulting

+17% +45% +18%

+2% +17% +6%

(A$ ‘000)(% yoy growth)

+8% +29% +13%+9%Group

Infrastructure

Applications +15%

+6%

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Successful client strategy / retention and expansion of services

Proactive partnerships – bringing solutions and choices to clients

Successful year of key client contracts with long-term annuity streams

Strong base of medium enterprise clients

Strategy to add new >$5m clients

New UXC cross-business accounts focus

Diversified client base

Diversified client base and industries

Annual revenue Customer Revenue Analysis

FY11 FY12 FY13 FY14 FY15

>$5m 15 19 15 16 20

>$3m and <$5m 16 17 12 19 18

>$1m and <$3m 74 68 90 74 83

Customer profile

Top 50 clients:

47%

Top 100 clients:

60%

UXC acquired 17 new million-dollar plus customers during FY15

UXC lost no customers who had spent more than $2 million with the company in the previous corresponding period

Successfully re-contracted and won a number of new multi-year managed services contracts

Exceptionally strong diversification across industry sectors, providing protection against a downturn in any particular industry

Retail will be a key focus for the future given the opportunity in the Microsoft Dynamics market

Diversified industries

Capital Goods & Commercial

Services12%

Consumer Goods & Services

12%

Education4%

Energy & Utilities

9%Federal Government

11%Financial

4%

Health Care11%

IT & Comms12%

Resources6%

Retailing2%

State Government

13%

Transportation4%

FY15

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Building strong client offering

Client centricityRetaining and wining new customers

| Proactive client relationships: anticipate their issues and requirements. Innovate for their benefit and ours

| New UXC large account team in place

| Respected capability in cloud based architecture and solutions

| Diverse technologies/services ideally suited to medium to large enterprises

| Agility and committed to delivering quality outcomes

| Delivering solutions globally for Australian HQ businesses

Building global partnerships:Giving clients choice

| Partnerships with global leaders SAP, Oracle, Microsoft, ServiceNow, Cisco, Apptio, Tableau and others: provides competitive advantage

| Creating more entry and solution points – SaaS, Cloud applications

| Find solutions to future issues today

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Key partners

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Emerging technologies

Emerging Solution Strategic Driver Focus Area Success in FY15

Shift in IT Operating Model IT Cost Transparency

Capex vs Opex IT Models End-to-End “as a Service”

Capex vs Opex IT Models Enterprise Apps as a Service

Self-Service Business Insights Visualisation Dashboards

Increasing Complexity of Data Operational Intelligence

Increasing Volumes of Data Cloud-based Data Warehousing

Contestability of IT Services Cloud Orchestration and Automation

Content - Anywhere / Anytime Mobile Content Management

Digitisation of manual processes Digital Signature and Workflow

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UXC digital – Delivering real Customer projects

Digital Contract solution for the Sale of Land

transaction at a Government Agency

Digital Store for Home Delivered Meals providing new business for a food manufacturer

UXC’s company wide Digital Transaction

Management for on-boarding of new hires

Digital Channel with Order Distribution to Stores and Staff access via hand-held devices for leading Retailer

New Digital Channel for IT and Library Requests at a Tier 1 University

Digital Solution for Customer Complaints and Case Management for leading Media company

New Digital Ordering Solution with end-to-end integration for Global MedTech company

New Digital Business Registration and

Management System for Government Agency

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North American Market Revenue of $68m per annum – a significant increase on prior year

216 employees

| The North American market performed strongly

| Microsoft Dynamics has a strong presence in this market and is investing to grow its new Dynamics AX and Azure products and services

| Opportunities to deliver larger and more complex projects as UXC’s capability is proven in this market

| Scale derived from Tectura acquisition enhances opportunities in the high growth North American markets particularly in retail.

| Aspirations on track to build a $130m + business

| Strong growth in NZ market

| Contract wins include NZ Government, ERP and retail.

New Zealand/Fiji

$40m

179/25 employees

South East Asia / India

$8m

108 employees

| Convergence Group acquisition in late FY14 provides some increased presence in South East Asia

| Building offshore presence and partnerships to offer clients selected lower cost services and capabilities

Expanding geographies

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FY15 acquisition

UXC Saltbush Group:October 2014

Leading provider of cyber and information security systems

| Cyber and information security is an increasingly important issue for the market

| Results ahead of Management forecasts

| Example of value-add approach UXC brings to its clients

| Leveraging capabilities and services into UXC client base

| 66 staff – now 90

contiigo:May 2015

Leading provider of SAP Hybris Digital and Customer Engagement

| SAP solutions for customer engagement, including the omni-channel hybris platform and the SAP Cloud for Sales, SAP Cloud for Service, SAP Cloud for Marketing and SAP Cloud for Social Engagement solutions.

| Enable B2B and B2C companies everywhere to provide real-time, consistent, contextual and relevant experiences to their customers regardless of channel or device

| Example of value-add approach UXC brings to its clients

| 26 staff

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| Operational initiatives

| Strategically growing UXC

| UXC differentiators

| Strategic initiatives

Strategy & growth opportunities

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Operational initiatives

│ Continued disciplined approach to project management has improved delivery quality and margins

│ Continual vigilance in operational management:

– Utilisation and productivity

– Cost control

– Capex

│ Enhancing lower cost enterprise delivery models (offshore) and partnerships

│ Shared services rationalisation will begin in Q2FY16

│ Demonstrably improved collaboration across business units delivering a more streamlined offering to clients

│ Sydney office facilities consolidation in May 2015 following consolidation of Melbourne facilities in late 2013

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Strategically growing UXCLeveraging the solution portfolio

| More clients looking to engage UXC in complex end to end solutions which leverage our integrated model

| Opportunities to deliver larger and more complex projects as our delivery capability is proven

| Security & cyber services are in very strong demand

| Recent wins presents strong book of revenue streams – expecting more wins in ERP applications and network management

| Microsoft Dynamics has a strong market position in NA and is investing to grow its stable of new products and services

| Selected as Microsoft Dynamics Global Retail Partner

| Winning large North American clients – Bartels, Jean Couteau extension

| Continue to unlock value from recent acquisitions

| Create new product offerings for existing UXC clients

| Create new clients for existing UXC services and solutions

| Focus on predicting emerging/disruptive technologies to meet client needs

Managed Services

North American MarketBroadens client base

Acquisition Strategy

Building new capabilitiesmeeting client needs

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Design

CONSULTING AND PROFESSIONAL SOLUTIONS

ENTERPRISE APPLICATIONS ICT INFRASTRUCTURE> Who we are

> What we do

> How we do it

> Customers

Implement & Enhance Operate & Manage

Health > Utilities > Government > Financial Services > Manufacturing > Resources > Retail > Telco

UXC ConsultingUXC Professional Solutions

UXC Saltbush

UXC Eclipse (Microsoft Dynamics) UXC Red Rock (Oracle)UXC Oxygen (SAP)UXC Cloud Solutions

UXC Keystone (ServiceNow)

UXC Connect

- ERP, CRM- Analytics & Business Intelligence- HCM

- Supply Chain Management - Corporate Performance- Enterprise Content Management- Financials - Asset Life Cycle Management- Application Management Services- eCommerce, Omni-channel- Digital- Customer experience

- Advisory Research- Strategy & Architecture- Business Transformation- Cyber & information security- Data & Analytics- Project, Program & PortfolioManagement

- Business Analysis- Technical Design- Communications Consulting- Testing- Training

- Network Infrastructure- Unified Communications- Data Centre Optimisation- Workspace Virtualisation- Managed Services & Support- Enterprise Mobility- Contact Centre- Entertainment & Content- IP Video Surveillance- Outsourcing & Cloud

UXC differentiatorsUXC – the integrated model

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Key strategic initiatives

│ Expanded focus for key large accounts and Customer Satisfaction reporting (NPS)

│ Increasing leverage of infrastructure capability into the Application portfolio

│ More Cloud and digital based solutions with emerging technologies and existing vendor portfolios

│ Advanced customer advisory board to access future trends

│ Offshore program to build scale and lower cost delivery

│ Further investment Annuity based managed applications and infrastructure

│ Service Integration and Application Management (SIAM)

│ Consolidation of services across back office and IT

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Outlook

| Segment margins

| Outlook

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Segment margins

Underlying PBT (unaudited)

MARGINS BY SEGMENTFY13 FY14 FY15 TARGET

Consulting 6.0% 7.6% 7.8% 9% - 10%

Applications 9.6% 9.4% 9.7% 11% - 12%

Infrastructure 4.0% 1.8% 4.9% 4.5% - 5.5%

• Targets to be achieved by the exit of FY16 year• Target margins continue as goal for longer term sustainability

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│ Expect continuing profitable growth in core business

│ New contracts won and rising annuity revenues driving FY16 momentum

│ Confidence in winning new large projects and contracts

│ Strong backlog of work (55%) and FY16 pipeline to support further FY16 improvement

│ Enhanced value proposition and customer relevance - increasing focus on large clients and opportunities to increase win rate and penetration into existing clients

│ Strategic positioning in high growth markets especially North America and cyber & information securityaugmented by acquisitions and growing exposure to new technologies will aid drive earnings growth

│ Operational improvements in gross margin from new delivery models

│ Shared services savings to flow in 2HFY16 and beyond

│ Market conditions more positive than early FY15

│ Increasing dividend payout range from 60-75% to 60-80% of net profit after tax

│ FY16 has started well with strong July

Outlook

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Questions?

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Disclaimer

This announcement contains certain forward-looking statements with respect to the financial condition, results of operationsand business of UXC Limited (“UXC”) and certain plans and objectives of the management of UXC. Forward-lookingstatements can generally be identified by the use of words such as 'project', ‘believe’, 'foresee', 'plan’, 'expect', 'aim','potential’, ‘goal’, ‘target’, ‘intend', 'anticipate’, 'believe', 'estimate’, 'may', ‘could’, 'should', 'will’ or similar expressions. All suchforward looking statements involve known and unknown risks, significant uncertainties, assumptions, contingencies and otherfactors, many of which are outside the control of UXC, which may cause the actual results or performance of UXC to bematerially different from any future results or performance expressed or implied by such forward looking statements. Suchforward-looking statements speak only as of the date of this announcement. Factors that could cause actual results orperformance to differ materially include without limitation the following: risks and uncertainties associated with the Australianand global economic environment and capital market conditions, fluctuations in foreign currency exchange and interest rates,competition, UXC’s relationships with, and the financial condition of, its suppliers and customers, or legislative changes, orregulatory changes or other changes in the laws which affect UXC’s business. The foregoing list of important factors is notexhaustive. There can be no assurance that actual outcomes will not differ materially from these statements. Readers shouldnot place undue reliance on forward looking statements. Except as required by law and ASX Listing Rules, UXC undertakes noobligation to update publicly or otherwise revise any forward looking statement as a result of new information, future eventsor other factors.

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Appendices

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Statutory NPAT versus Trading NPAT

│ Four items impacting the FY15 results have been identified as non trading in nature. These are set out below in the reconciliation of Statutory NPAT to Trading NPAT

F15$000s

FY14$000s

Growth%

Statutory / Reported NPAT 22,548 15,732 43

AddbackRestructure & Redundancy costsDiscontinued Business expenditureAcquisition costs

1,426524290

1,333-

1,459

LessDeferred consideration write back 1,212

Trading NPAT 23,576 18,524 27

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Staff Numbers (Employees and Contractors)State / Region/Country 30 June -14 30-June-15

New South Wales 773 870 New wins

Victoria 895 936 Major Annuity Projects

Queensland 238 212 Health practice – completed projects

Australian Capital Territory 189 208 Growing Government practice &

security

Western Australia 123 90 Mining downturn

South Australia 46 55 Health practice growth

Northern Territory 1 1

Tasmania 21 25 Growing presence

Total AUSTRALIA 2,288 2,300

New Zealand 170 179 Growing Oracle business

North America 241 216 Synergies from integration

Fiji 22 25 Offshore and AX, .net

India/South East Asia 51 100 Growing offshore model

Vietnam 9 8

TOTAL 2,779 2,917

Operational Review

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Further Information

│ Cris Nicolli

Managing Director

(613) 9224 5777

│ Iona MacPherson

Chief Financial Officer & Company Secretary

(613) 9224 5777