1

SAI Global LimitedABN: 67 050 611 642

Goldman Sachs Emerging Companies Conference

May 2012F

or p

erso

nal u

se o

nly

2

DisclaimerThis document has been prepared by SAI Global Limited (SAI) and comprises written materials/slides for apresentation concerning SAI.

This presentation is for information purposes only and does not constitute or form part of any offer to acquire, sell orotherwise dispose of, or issue, or any solicitation of any offer to sell or otherwise dispose of, purchase or subscribe for,any securities, nor does it constitute investment advice, nor shall it or any part of it nor the fact of its distribution formthe basis of, or be relied on in connection with, any contract or investment decision.

Certain statements in this presentation are forward looking statements which can be identified by the use of wordssuch as “anticipate”, “estimate”, “expect”, “project”, “intend”, “plan”, “believe”, “target”, “may”, “assume”, and words of asimilar nature. These forward looking statements are based on expectations and beliefs current as of the date of thispresentation, being 17 May 2012, and, by their nature, are subject to a number of known and unknown risks anduncertainties that could cause the actual results, performance and achievement to differ materially from any expectedfuture results, performance or achievement expressed or implied by such forward looking statements.

No representation, warranty or assurance (express or implied) is given or made by SAI that the forward lookingstatements contained in this presentation are accurate, complete, reliable or adequate or that they will be achieved orprove to be correct. Except for any statutory liability which cannot be excluded, SAI and its representative officers,employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the forward lookingstatements and exclude all liability whatsoever (including negligence) for any direct or indirect loss or damage whichmay be suffered by any person as a consequence of any information in this presentation or any error or omissiontherefrom.

Subject to any continuing obligation under applicable law or any relevant listing rules of the ASX, SAI disclaims anyobligation or undertaking to disseminate any updates or revisions to any forward looking statements in these materialsto reflect any change in expectations in relation to any forward looking statements or any change in events, conditionsor circumstances on which any statement is based. Nothing in these materials shall under any circumstances createan implication that thee has been no change in the affairs of SAI since the date of this presentation.

For

per

sona

l use

onl

y

3

Company overview

Divisional structure and strategy

Performance & investment features

Questions

Agenda

For

per

sona

l use

onl

y

4

Company Overview

For

per

sona

l use

onl

y

5

SAI TodayProviding information services and solutions for managing risk, achieving compliance and driving business improvement

Market capitalisation ~ $950 millionRevenue ~ $460 millionPeople ~ 1,850

Information ServicesTwo verticals:Standards and PropertyStandards in all forms:hardcopy, pdf, databaseRelated databases andworkflow solutions (e.g.MSDS, materials, EHS)Information brokerageMortgage processing services

Compliance ServicesAdvisory servicesNewsfeeds and alertsGovernance, risk andcompliance (GRC) platformOnline training and awareness courseware via an LMS Hot-line (whistleblower)implementation consultingservices

Assurance ServicesManagement systems and product certificationSupply chain managementAgri-food and retailTraining and improvementservices

For

per

sona

l use

onl

y

6

Geographic footprint -April 2012

For

per

sona

l use

onl

y

7

Revenue1

Geographic revenue and EBITDA mix

EBITDA1

1. Based on forecast FY12 outcomes

For

per

sona

l use

onl

y

8

Divisional Structure & Strategy

For

per

sona

l use

onl

y

9

Revenue1

Divisional contributions

EBITDA1

1. Based on forecast FY12 outcomes

For

per

sona

l use

onl

y

10

Products and Services - Standards

Service Revenue model Estimated market size ($m) Major competitors

Standards in all forms: hardcopy, pdf, database

Transactional sales and subscription

US$900M• IHS• ANSI• Techstreet

(Thomson)• Standard

Development Organisations (SDOs)

• Perinorm • UL

Related databases and workflow solutions (e.g. MSDS, materials, EHS)

Subscription US$4BnFor

per

sona

l use

onl

y

11

Standards – Overview of strategy

INDUSTRY VERTICALS: Engineering, building and construction, energy etc

Content led information management and workflowo Financial managemento Strategic sellingo Work flow solutionso Relationship managemento Customer focuso Organisational Effectiveness

2015 Stateo Growing engagement with large

accountso Demonstrated workflow capability

through two solutionso i2i deployed in Asia Pacifico Integrated finance/Infostore/CRMo Strong relationship with SA,

SDO’s and associations

Customers will seeo Standards available globally

through Infostoreo Associations have access to

tailored contento Fit for purpose content managed

through i2io Evident workflow capability

Distribute - hard copy, electronic

(Infostore), subscription

Third party technical documents

Manage content –databases,

portals, standards management – i2i

Commercialise content – fit for purpose content

Content led workflow

solutions – CE marking, WHS etc

Content management

systems

For

per

sona

l use

onl

y

12

Path to Content Led Information Management and Workflow Solutions

Global Aggregation of Technical and

Reference Content

InformationManagement

Services

Commercialising Content

IntegratedInformation

Services

Content Value

Simple ResellE-Commerce

Affiliate

Broadcast PlatformNiche markets

SaaSPortals

Content Inside

Fit for PurposeMultiple formats

E-publishingIntegrate/EnhanceCustomer process

Workflows to;Repurpose

ReuseRecycleResell

Building value from content

Information Services

Agile Business development

For

per

sona

l use

onl

y

13

Products and Services - Property

Service Revenue model Estimated market size ($m) Major competitors

Information brokerage

Transactional – per document sourced or search undertaken

$500M• Leap Searching• Citec (Qld Govt)• Global X

Mortgage processing services

Transactional – per task undertaken (e.g. document checked, settlement arranged, settlement attended) or per “bundled” service

$275M (includes potential

work not yet outsourced by

financial institutions)

• Perpetual• HP• Scott Ashwood• Gadens

For

per

sona

l use

onl

y

14

Property – Overview of strategy

Leading provider of mortgage services and related informationo Secure, stable, scalable

technology infrastructureo Solution development capabilityo Marketing and sales strengtho Excellent operational capabilityo Performance culture

2015 Stateo Processing > 50% of settlementso Scalable settlement platformo Leading conveyancing platformo Leading search platformo Line of site between platformso Operational excellence embeddedo High brand awarenesso Partnerships adding value

Customers will seeo SAI as preferred partnero Solutions that work with SLA’s

meto Lower cost than alternativeso Visibility through transaction

cycleo Excellent service

Settlement Manager

Conveyancing Manager

Search Manager

Banking settlement work flow platform

Property, ASIC etc search platformSolicitors conveyancing practice management system

Line of sight between platforms

For

per

sona

l use

onl

y

15

SAI’s property business

Information brokerageProvides information and software to conveyancers, law firms,property professionals and corporations including:

Land and title property searches (e.g. Land and Property Information (NSW), Department ofSustainability and Environment (VIC), Department of Environment and Resource Management (QLD),Landgate (WA), Land Services Group and Land Titles Office (SA))

Certificates from local councils and other bodiesASIC1 director and company searchesITSA2 insolvency and bankruptcy searchesPPSR3 searchesCourt and probate searching

Provides specialised offline (manual) searching related activitiesHistorical title records and searches which are not available online due totheir age and legacy 1

Australian Securities & Investments Commission 2

Insolvency and Trustee Service Australia3

Personal Property Securities Register

For

per

sona

l use

onl

y

16

1. Client logs into Search Manager

2. Client orders required information online

3. Client request is actioned in real-time via direct link to supplier database

4. Results of request are stored in Search Manager and emailed to client

5. Fees and transaction details are provided to the client for on charging to their clients

Examples:Land Tiles

Council and otherASIC ITSA PPSR

Court and probate

Information brokerage - workflow

For

per

sona

l use

onl

y

17

SAI’s property business Mortgage processing solutions

Provides outsourced, end-to-end mortgage services to large,medium and small financial institutions, mortgage managers,conveyancers and solicitors, across four broad servicecategories:

Document tracking and management servicesPre-settlement activitiesSettlementPost-settlement activities

Through SAI’s development of this business as a corecompetency focused on operational excellence, SAI is able tooffer clients:

A lower fixed cost baseImproved service outcomes

For

per

sona

l use

onl

y

18

Mail Packet Return and Document Scanning

Examination / Certification

of Documents

Assess Documents

for Lodgement

Fees

Settlement Booking

Manual and Self Serve Bookings

(SSB)

Cheque Printing Services

Attend Settlement

Stamping & Lodgement

of Documents

Bank Settlement

Funds / Fiserv

Document Dispatch to custodian

Mortgage processing solutions

Pre-settlement activitiesDocument tracking and management

Post-settlement activities

Settle-ment

Settlement Manager

For

per

sona

l use

onl

y

19

Opportunities exist to expand revenue base by “filling in the boxes”

Mortgage processing solutions

For

per

sona

l use

onl

y

20

Products and Services - Compliance

Service Revenue model

Estimated market size ($m) Major competitors

Advisory services Negotiated sale US$4Bn LRN, Corpedia, EY, EthicsPoint/GCS, Deloitte, KPMG, PWC

Newsfeeds and alerts Subscription US$100M Wolters Kluwer

Governance, Risk and Compliance (GRC) platform

Subscription US$2Bn Thomson, EMC, Wolters Kluwer

Online training and awareness courseware via an LMS

Subscription US$200M LRN, Corpedia

Hot-line (whistleblower) Subscription US$100M EthicsPoint/GCS

Implementation consulting services

Negotiated sale Same market as advisory services All of the above

For

per

sona

l use

onl

y

21

Compliance – Overview of strategy

SUBJECT MATTER: Ethics and code of conduct, fraud and corruption control, EHS etc

INDUSTRY VERTICALS: Healthcare, pharmaceutical, financial services, mining and energy etc

A Global Leadero “Own” products, topics, sectorso Suite of integrated solutionso World class technologieso Product management / innovationo Excellent service deliveryo Organisation strengtho Financial strength

2015 Stateo Leader in GRC and e-learningo Leader in ethics, code and B&Co Integrated solutions through GRCo Consolidated platforms and

courseware engineo Multiple delivery mechanismso Global consistencyo Excellent service capability

Customers will seeo Visibility through one portalo Flexibility – online, offline, mobileo Ability to deliver key solutionso Everything just runso Expert (sales, service, product)

engagement with SAIo Service excellence

Assessments and Surveys

Case / Incident

Management

Risk Management

E-Learning- Courseware and Platform

Policy & Procedure

Management

Professional Services

Hotline / Whistleblower

Reporting & Audit

3rd Party risk- Databases & Investigation

s

Content ManagementRegs /stds

Compliance Outcomes

GRC Workflow Platform

For

per

sona

l use

onl

y

22

Products and Services - Assurance

Service Revenue model

Estimated market size ($m) Major competitors

Management systems:ISO 9000 and other standards or sector derivatives

Daily rates & annual fees

$4BnSGS, BureauVeritas, DNV, BSI, Lloyds

Product certification:Assesses conformity to local and international standards

Daily rates & annual fees

$3BnIntertek, TUVs, UL, KIWA

Food safety and retail:Supplier compliance, GFSI Certification and inspection

Daily rates & annual fees

$1BnSGS, Silliker, NSF-CMI, Steritech

Standard & system training:Supporting certification & client improvement activities

Rate per course or project

LargeAll of the above, plus various national RTO’s

For

per

sona

l use

onl

y

23

Assurance Services – Overview of strategy

SUBJECT MATTER: Quality, food, environmental, health & safety etc

INDUSTRY VERTICALS: Food, automotive, aerospace, manufacturing, mining and energy etc

Establish sustainable competitive advantageo Global capabilityo Services tailored by customer

typeo Outstanding customer serviceo Performance cultureo Focus on growth sectorso Low cost core delivery engine

2015 Stateo Globally service delivery platformo Latin America presenceo Stronger European presenceo Information delivery at top endo Fast, efficient at “small” endo SCM and analytics well developedo Everything measured / managedo Food sector developed globally

Customers will seeo Larger customers – valuable

information on their business &supply chain

o Globally consistent approacho Small customers – fast / efficient

serviceo Excellent service

Certification Audits

Supply chain audits

Related training

Specifier audits

Design review / factory

inspection

Testing

Supply chain management

Analytics and information

Management system certification Product certification

Audit InformationGeneric service Differentiated ServiceTechnology light Technology enabled

For

per

sona

l use

onl

y

24

Performance & Investment Features

For

per

sona

l use

onl

y

25

Annuity style = subscription arrangement or renewable contracts Non-discretionary = “must have” products and services for customersDiscretionary = neither annuity nor non-discretionary revenue

Nature of revenue streams

For

per

sona

l use

onl

y

26

Strong industry demand drivers:Increasing regulatory compliance obligations (e.g. FCPA, UKBribery Act, competition law, trade law)Industry globalisation and outsourcing complexityDemand for embeddable, lower cost, workflow solutions

Increase SAI’s exposure to higher growth products,geographic markets and business sectors

Grow market share by increasing SAI’s competitiveadvantage through superior technology based solutionsIndustry consolidation continues to provide attractiveacquisition opportunities

Growth drivers

For

per

sona

l use

onl

y

27

Regulatory demand drivers – ensuring “compliance” isnot a discretionary spend for corporates

SAI has a high proportion of annuity or non-discretionaryrevenue streams

Key exclusive agreements

Leading market positions and brand in Australia underpinperformance

Whilst not immune to weak economic conditions, thebusiness model has resilience to economic slowdowns asdemonstrated during the GFC in 2009

Defensive characteristics

For

per

sona

l use

onl

y

28

Medium-term trend organic revenue growth andmargin expectations:

Revenue EBITDAGrowth Margin2

Information Services 6% - 8%1 25% - 30%

Compliance Services 8% - 12% 38% - 42%

Assurance Services 5% - 7% 16% - 20%

Expected organic growth rates

1. Expected to be higher in FY13 due to the impact of new business won by the propertybusiness

2. On gross revenue

For

per

sona

l use

onl

y

29

Questions?

For

per

sona

l use

onl

y