Safeture AB Continue to Increase, +40,6 % Growth - Seite 2

First quarter (2020-01-01 to 2020-03-31)

• Recurring revenue amounted to 4 770 (3 268) TSEK, which represents 99% (96%) of the Parent company quarterly revenue. Recurring revenue increase 10% versus Q4 2019.
• Annual recurring revenue (ARR) at the end of Q1 2020 was 19 082 (13 071) TSEK, an increase of +46% compared to Q1 2019.
• Churn for the quarter was 0,9%.

"Parent company" or "Safeture", comprises of Safeture AB with company number 556776-4674, without subsidiaries. "The Group" comprises the Parent company, including subsidiaries. On March, 2020, the Parent company owned 100% of the shares in GWS Production (Singapore) Pte Ltd, 99,99% of the shares in GWS do Brasil Solucões e Sistemas Tecnológicos em Seguranca Ltda and 35% of the shares in Carefindy AB (minority interest).

Amounts within brackets regard the corresponding period last year.

*Result per share: The result is divided by the average number of shares (after dilution includes average number of share options). The average number of shares for the first quarter 2020: 23 193 737 (23 193 737) shares. Total number of shares in Safeture on March 31, 2020: 23 193 737 (23 193 737) shares. The Company has issued 670 000 share options (2016/2020), of which 670 000 has been signed for, which can be converted into the same number of shares in the Company during April 2020. The Company has furthermore issued 794 000 share options (2018/2021) which can be converted into the same amount of shares from December 13th, 2021 to December 17th, 2021. Finally the company has issued 1 070 880 share options (2019/2022) which can be converted into the same amount of shares from July 18th 2022 to July 29th 2022.

**Solidity: Equity divided by total assets.

Significant events during the first quarter, 2020.

• On February 27, it was announced that Safeture launched a unique service to protect employees and organizations from Corona's global spread. Safeture launched a world-first Coronavirus exposure tracker for companies that, in real-time, correlates each employee's travel patterns with the latest Covid-19 reported cases.
• Safeture announced that several new customers have signed up for its cloud-based software to help manage safety and reduce risk for their employees. The increasing awareness of corporate duty-of-care for employees continues to drive demand for Safeture's software globally. The new direct customers who have obtained the company's platform include the Swedish SwedFund, electric racing championship Formula E and U.K. giant Imperial Tobacco. In addition, Kinnevik in Sweden and the Swedish Civil Contingencies Agency signed up via one of the company's partners.
• An extra shareholders' general meeting was held on January 10. In the meeting it was decided to elect two new members of the Board, Christian Lindgren and Pontus Kristiansson. It was also announced that Lars Lidgren, the founder of Safeture AB, is resigning from the Board.
• It was announced that Safeture AB has signed an agreement with Adma Förvaltnings AB, Safeture's largest shareholder, for a credit facility of up to 10 MSEK.The financing will be used to pursue the company's aggressive growth strategy.

Significant events after the first quarter, 2020.