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Full Year Results Presentation

Full Year Ended 30 June 2006

ASX Code: SAI

Thinking Business

SAI Global LimitedABN: 67 050 611 642

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Agenda

1. Results and Highlights

2. Financial Overview

3. Operational Performance

4. Outlook

5. Q and A

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1. Results Highlights

Ross Wraight

Chief Executive Officer

“Our business strategy is being executed delivering solid financial outcomes. SAI Global has grown revenue and profit strongly since listing in December 2003. These results correlate directly with our strategic intent to build a global company. We have now established SAI’s key business capability in Europe, North America and Australia and made good progress in the high growth Asian region.”

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EBITDA

0.0%2.0%4.0%6.0%8.0%

10.0%12.0%14.0%16.0%18.0%20.0%

00/01 01/02 02/03 03/04 04/05 05/06

EBITDA Margin

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NPAT

Consolidated Trends

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Financial Outcomes

– Underlying Business Performance• Revenue1 up 50.7% to $159.7 million, • EBITDA up 56.2% to $30.1 million

– AIFRS Reported Results• NPAT up 20.7% to $14.0 million, • EPS up 8.7% to 12.5 cents

– Underlying Cash Earnings• Cash earnings up 52.9% to $19.6 million, • Cash earnings per share up 36.2% to 17.3 cents

1. Excludes interest income

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Financial Outcomes

• Cost to income ratio down to 82.8% from 83.6%

• Operating cash flow strong at $21.8 million up 43.4% from $15.2 million

• Dividend per share of 10.4 cents up 13.0% from 9.2 cents last year

• Total dividend payments (interim and final) of $13.4 million up 35.8%

• Net assets up 175% from $70 million to $192.6 million

• Conservatively geared balance sheet

• Cash in the bank of $49.6 million (pre Anstat earn-out of $9.6 million)

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Business Strategy Delivers

• Strong Publishing & Assurance performances and the new Compliance Division supported by Professional Services, drove the Company’s continued strong revenue and profit growth

• SAI Global’s business model now deployed in Europe, North America and Australia

• Business Publishing expanded and diversified with acquisitions of Anstat and ILI

• Compliance Services enhanced with Lawlex

• Further restructuring of Professional Services

• Assurance Services scaled up with acquisitions of EFSIS and CCS and operations commencing in Japan

• Capital raising solidly supported

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Market / Business Trends

• Global industry trends remain favourable

• Industry rationalization continues

• Non-Australian revenues 31% of total in FY06, will increase in FY07

• Global infrastructure rolling out to support next growth phase, ITC, global brand, divisional management and enhanced corporate leaders in ITC, HR and marketing in place

• Balance sheet in strong shape with significant financing capacity available

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Geoff Richardson

Chief Financial Officer

2. Financial Overview

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Financial Summary1

FY06 FY05 Change$M $M %

Revenue2 159.7 105.9 50.7Operating expenses (129.6) (86.7) 49.5EBITDA 30.1 19.2 56.2

Depreciation (2.6) (1.8) 41.9Amortization (5.5) (2.1) 164.0EBIT 22.0 15.3 43.3

Finance costs - net (3.1) 0.2Profit before tax 18.9 15.5 21.1Tax expense (4.8) (3.9) 20.8Profit after tax 14.1 11.6 21.1Minority interest (0.1) -

Net profit after tax (NPAT) 14.0 11.6 20.7

1. All figures presented are in accordance with AIFRS

2. Excludes interest income

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Reconciliation of NPAT to Cash Earnings

FY06 FY05 Change$'000s $'000s %

AIFRS reported NPAT 14,038 11,634 20.7%

Non-cash items:

Equity based charge 805 151

Amortization of identifiable intangible assets 5,494 2,081

Unwind of discount on earn-out 1,227 -

21,564 13,866

Tax impact of non-cash items1 (2,005) (1,075)

Cash earnings2 19,559 12,791 52.9%

Cash earnings per share (cents) 17.3 12.7 36.2%

1. The amount by which the actual tax payments in respect of the year ended 30 June 2006 will exceed the income tax expense reported. The income tax expense reported includes movements in deferred tax balances and over provisions from prior years..

2. No adjustment is made for depreciation as this charge is indicative of the annual capital investment made by the group.

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Balance SheetFY06 FY05 Change$M $M %

Cash 49.6 10.9 355.0%Intangibles 244.5 90.8 169.3%Other assets 58.2 31.0 87.7%Total assets 352.3 132.7 165.5%

Debt 65.5 25.4 157.9%Deferred revenue 34.2 17.2 98.8%Other liabilities 60.0 20.1 198.5%Total liabilities 159.7 62.7 154.7%

Net assets 192.6 70.0 175.1%

Net gearing 7.6% 17.2% (55.6)%

Net asset backing (cents) 134.5 68.1 97.5%

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3. Operational Performance

Tony Scotton

Chief Operating Officer

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Business Publishing FY06 FY05 Change$M $M %

Total:

Revenue 55.4 30.2 83.1

EBITDA 16.3 9.0 81.1

EBITDA margin (%) 29.5 29.8 (1.0)%

2005 1st half

2005 1st half

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0.0%

5.0%

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25.0%

30.0%

35.0%

EBITDA

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Revenue

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Business Publishing

• Business model enhanced with acquisition of Anstat and ILI.

• Strong operational performances from both Standards Publishing and Anstat – solid start from ILI

• Focus on developing capability while maintaining operational performance– .NET technology, on line select expansion and mini-shop development in Standards

Publishing

– Lawlex update and news-feed development

– ILI Logicom launch

• Focus shifting to identifying and leveraging global assets to yield revenue and cost synergies

• Outlook – continued solid revenue and profit growth

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Compliance Services

FY06 FY05 Change1

$M $M %

Revenue 14.4 1.4

EBITDA 3.0 0.1

EBITDA margin (%) 20.6 6.0

1. Easy acquired in May 2005, therefore only tw o months included in FY05 results

2005 1st half

2005 1st half

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Compliance Services

• First year for Compliance Services Division – Easy i plus 10 months of Lawlex compliance

• Strong year on year performances (revenue and profit) but results a little below expectation

– Higher than expected customised solutions resulted in increase in deferred revenue

• Quality revenue and profit contribution – EBITDA margin 20.6%

• Operational focus on product and strategy development

• Need to achieve critical mass – combined strong organic growth and acquisition

• Outlook – strong growth expected from this division

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Professional Services

FY06 FY05 Change$M $M %

Revenue 22.6 23.0 (1.9)%

EBITDA 1.3 1.8 (28.1)%

EBITDA margin (%) 5.9 8.0 (26.3)%

2005 1st half

2005 1st half

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(500)

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-15.0%

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10.0%

EBITDA

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Revenue

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Professional Services• Natural disasters and automotive industry impacted USA business

in first half

• Small decline in revenue - EBITDA affected by restructuring cost

• Global Divisional Head appointed and Australian business restructured further

• Remains an important element of our business model – supports the development of our other businesses

• Focus continues on developing electronic capability and establishing recurring revenue base

• Outlook – historical trends to continue

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Assurance Services FY06 FY05 Change$M $M %

Revenue 67.7 49.9 35.8%

EBITDA 10.4 8.2 26.1%

EBITDA margin (%) 15.4 16.5 (6.7)%

2005 1st half

2005 1st half

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Assurance Services

• Global capability enhanced with– Acquisition of EFSIS and CCS in the UK

– Commencement of operations in Japan

– Signing JV agreement in China

• Owned offices in 12 countries, representative offices in 7 others – important gaps still remain

• Focus unchanged– Improving customer service (built enhanced survey tool)

– Driving high growth products (health and safety, information security)

– Improving operational efficiencies (higher utilisation, fewer exceptions)

– Building global delivery platform

• Outlook – continued solid revenue and profit growth, increased focus on multinational accounts

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NPAT

Consolidated Trends

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4. Outlook

• Solid revenue and profit growth expected to continue

• Organic revenue growth rate guidance lifted to (6-8%)

• Solid platform will drive further growth

• Further acquisitions likely

• Market gaps in Continental Europe, South America and Eastern Europe elevated focus

• China opened

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Revenue: Revenue growth to exceed 25%. Impact of any acquisitions as per announcements.

Amortisation: $8.3m - $8.7m (including Publishing License Agreement), depending on exchange rate movement.

Discount on earn-out: $850K

Tax Rate: 30%.

Reported NPAT growth In excess of 30%, but with a second half bias.

Earnings per share Continued growth

AIFRS Guidance FY07

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5. Q&A