Real matters may 2018 investor update presentation final

1. Real Matters Update
May 2018
Jason Smith
Chief Executive Officer

2. 2
Caution Regarding Forward-Looking Statements
2
This presentation contains forward-looking statements that relate to our current expectations and views of future events including but
not limited to future market share and transaction volumes. In some cases, these forward-looking statements can be identified by
words or phrases such as ‘‘forecast’’, ‘‘target’’, ‘‘goal’’, ‘‘may’’, ‘‘might’’, ‘‘will’’, ‘‘expect’’, ‘‘anticipate’’, ‘‘estimate’’, ‘‘intend’’, ‘‘plan’’,
‘‘indicate’’, ‘‘seek’’, ‘‘believe’’, ‘‘predict’’, or ‘‘likely’’, or the negative of these terms, or other similar expressions intended to identify
forward-looking statements.
We have based these forward-looking statements on our current expectations and projections about future events and financial trends
that we believe might affect our financial condition, results of operations, business strategy and financial needs. A comprehensive
discussion of the risks that impact Real Matters can be found in the Company's Annual Information Form dated December 27, 2017
available on SEDAR at www.sedar.com. Actual results may differ materially from those indicated or underlying forward-looking
statements as a result of various factors, including those described under the heading “Important Factors Affecting Results from
Operations” outlined in the Strategy and Outlook section of the Company’s MD&A for the periods ended March 31, 2018.
Real Matters cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect its
results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information
and are cautioned not to place undue reliance on such information.
Information contained in forward-looking statements in this presentation is provided as of the date of this presentation and we
disclaim any obligation to update any forward-looking statements, whether as a result of new information or future events or results,
except to the extent required by applicable securities laws.
All of the forward-looking statements made in this presentation are qualified by these cautionary statements and other cautionary
statements or factors contained herein and there can be no assurance that the actual results or developments will be realized or, even
if substantially realized, that they will have the expected consequences to, or effects on, the Company.
Non-GAAP Measures
The non-GAAP measures used in this presentation, including Net Revenue, Adjusted EBITDA, Adjusted net income and Adjusted net
income per share, do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and are
therefore unlikely to be comparable to similar measures presented by other issuers. These non-GAAP measures are more fully defined
and discussed in the 'Management Discussion and Analysis' ("MD&A") of Real Matters for the periods ended March 31, 2018, available
on SEDAR at www.sedar.com.
Full reports of the financial results of Real Matters for the periods ended March 31, 2018 are outlined in the unaudited interim
condensed consolidated financial statements and the related MD&A of the Company, which are available on SEDAR at www.sedar.com.
In addition, supplemental information is available on our website at www.realmatters.com.

3. 3
• 15% market adjusted U.S. appraisal revenue growth.
• Network effect in appraisal drove significant improvements in margins.
• Awarded additional appraisal market share with Tier 1 lenders.
• Won new Tier 1 lender RFP for appraisals in the main origination channel and moved into deployment during
the quarter.
• Expanded into the home equity channel with two Tier 1 lenders.
• Completed the transition of title and closing to our technology platform and launched our closing network.
• Announced the deployment of a Tier 1 lender for centralized refinance mortgage origination title and closing
services subsequent to quarter end.
• Began the rationalization of non-core title and closing revenues to support growth in centralized refinance
mortgage origination market.
• Expect to continue to deliver strong organic growth which will allow us to outpace U.S. mortgage origination
market trends going forward.
Q2 2018 Business Highlights
Appraisal Market
Share Increasing
On Plan
Achieved Significant
Milestones in Title
and Closing
Confident in
Fiscal 2021
Objectives
Strong financial and operational performance
3

4. 4
Fiscal 2021 Objectives
Market Share Expansion
Strong Top-Line Growth and Increasing Operating Leverage
Market Size
FY2017
Market Share
FY2021
Target Market Share
Appraisal $3B 6.5% 15-20%
Title and Closing $13B 0.3% 1-3%
Financial Metrics Baseline FY2021 Targets
Revenues CAGR 38%1 20% to 25% $619M - $760M
Net Revenue Margin
(% of revenues)
31%2 35% to 40% $232M - $285M
Adjusted EBITDA Margin
(% of Net Revenue)
10%3 25% to 30% $64M - $78M
41. Revenue CAGR for Real Matters F2014 to F2017. 2. Net Revenue Margin for Real Matters for fiscal 2017. 3. Adjusted EBITDA Margins for Real Matters for fiscal 2017

5. 5
The Roadmap to Fiscal 2021 Objectives
U.S. Appraisals
~2/3 of U.S. Segment Revenues in F2021
U.S. Title & Closing
~1/3 of U.S. Segment Revenues in F2021
5
We believe we can achieve our F2021 growth objectives with appraisal, and title and
closing for the centralized refinance mortgage origination market only.
• Keep growing share with existing clients:
60+ of Top 100 lenders including Tier 1
lenders
• Tier 1 lenders at 30 to 40% market share
• Three Tier 1 lenders in
centralized refinance market
each with market share similar
to appraisal targets
• Five to seven Tier 2 lenders in
centralized refinance market

6. 6
How Title and Closing Works
Search
• Order starts with a
title search.
• Search is performed by a
network of independent
abstractors through
electronic records (title
plants) or visit to county
registry/office.
• 40% of counties are still
on microfiche.
• Data is collected from
public records in the
jurisdiction where the
property is located.
EscrowClosingAdministrative
(Curative)
• To insure the
transaction, Solidifi,
must clear all open
interests in the
property.
• Curative includes
obtaining mortgage
payoffs and releases,
confirming proper
ownership of the
property and review of
any legal documents
relevant to the
transaction, trusts,
power of attorney, etc.
• Solidifi works with the
lender to prepare the
final closing package.
• Soldifi’s network of
independent closing
agents executes the
documents with the
borrower.
• The closing agent
returns the documents
to Solidifi for recording
and final processing.
• Solidifi is responsible for
disbursing funds to all
parties and recording
executed deeds and/or
mortgages.
Network Management
Abstractors
Network Management
Notaries, attorneys,
closing agents
6

7. 7
The Solidifi Title & Closing Difference
• Proven track record of leveraging technology and field
agent partnerships to service clients efficiently and
effectively
• Local market experts provide flexibility with shifting
state regulations and differing regional practices
Cost breakdown of a typical centralized refinance
transaction end of 2018
Better outcome graphs. 35
days to 25 days, files with
error.
Closing Title Package Defect Rate
Closing Turn Time (days)
Enhanced Consumer
Experience
5%
1%
6% 6%
30
22
41 41
Traditional
• Lender fees stay the same and agents receive a higher
percentage of the fee resulting in better scale and outcomes
Exceptional Network of Local Experts to
Drive Performance & Scale
*Gross revenue based on a typical refinance transaction
2017 2018
Traditional
2017 2018
Title & Closing Fees
stay the same
Higher
profitability
Lower cost
structure
$895*
Solidifi 3YR Target
Network Fee
Ave. Direct Cost
Cost to Serve
Margin
7

8. 8
Q2 2018 and YTD Financial Highlights
Q2 2018 Q2 2017 Change
Market
adjusted
growth
YTD 2018 YTD 2017 Change
Market
adjusted
growth
U.S. Revenues
Appraisal and Ancillary $45.9 $41.9 10% 15% $95.8 $91.6 5% 21%
Title and Closing 13.1 15.3 (15%) (12%) 29.3 37.0 (21%) (5%)
Other 0.3 0.4 (29%) 0.6 0.7 (19%)
Total U.S. Revenues $59.3 $57.6 3% $125.7 $129.3 (3%)
Canada Revenues
Appraisal and Ancillary $5.7 $6.0 (4%) $12.2 $12.2 -
Other 1.1 0.9 15% 2.1 1.9 8%
Total Canada Revenues $6.8 $6.9 (2%) (1%) $14.3 $14.1 1% 1%
Consolidated Revenues $66.1 $64.5 2% 7% $139.9 $143.4 (2%) 12%
Net income (loss) $3.0 ($8.9) ($2.4) ($11.2)
Net Revenue1 $20.5 $18.9 8% $43.0 $44.9 (4%)
Net Revenue1 Margin 31.0% 29.3% 0.7% 30.7% 31.3% (0.6%)
Adjusted EBITDA1 $0.3 ($1.8) 117% $2.7 $3.7 (27%)
81. Net Revenue, Net Revenue Margin and Adjusted EBITDA are Non-GAAP measures. See page 2.
• Significant net revenue margin expansion in appraisals due to network effect on the platform
• Q2 Net Revenue +8% on strong performance in appraisals
• Increasing operating leverage