#1XXXXXXXXXXXXXX META Go Beyond. R INVESTOR PRESENTATION JANUARY 2024 META delivers breakthrough performance to OEM customers across a range of applications by providing components and systems based on advanced materials, nanotechnology, and Al-enabled software.#2METAⓇ Go Beyond. FORWARD LOOKING STATEMENTS This presentation includes forward-looking information or statements within the meaning of Canadian securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, regarding the Company, which may include, but are not limited to, statements with respect to the ability of the Company to continue to meet the Nasdaq requirements to maintain a Nasdaq listing, the business strategies, product development, restructuring plans and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as "pursuing”, “potential”, “predicts”, “projects”, “seeks", "plans", "expect", "intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "should", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, the capabilities of our facilities thereof, research and development projects of the Company, the total available market and market potential of the products of the Company, the market position of the Company, the need to raise more capital and the ability to do so, the scalability of the Company's production ability, capacity for new customer engagements, material selection programs timeframes, the ability to reduce production costs, enhance metamaterials manufacturing capabilities and extend market reach into new applications and industries, the ability to accelerate commercialization plans, the possibility of new customer contracts, the continued engagement of our employees, the technology industry, market strategic and operational activities, and management's ability to manage and operate the business. More details about these and other risks that may impact the Company's businesses are described under the heading "Forward-Looking Information" and under the heading "Risk Factors" in the Company's Form 10-K filed with the SEC on March 23, 2023, in the Company's Form 10-K/A filed with the SEC on March 24, 2023, in the Company's Form 10-Q filed with the SEC on November 13, 2023, and in subsequent filings made by Meta Materials with the SEC, which are available on SEC's website at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward- looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by law. © 2024 Meta Materials Inc. All rights reserved 2#3METAⓇ Go Beyond. WHAT ARE METAMATERIALS? For example: QUANTUM™ stripe delivers full color, motion, and 3D stereoscopic depth with no inks or dyes, using nanoscale structures on an ultrathin metal foil O2024 Meta Materials Inc. All rights reserved 30 META QUANTUM stripe THIRZY 80 3#4METAⓇ Go Beyond. QUANTUM stripe META WHAT DOES META OFFER? THIRTY O2024 Meta Materials Inc. All rights reserved 80 AUTHENTICATION: QUANTUMTM, NANOTM, LiveOptikⓇ Markets: banknotes, government documents & ID, retail brands BATTERY MATERIALS: NCORETM and NPORE® Markets: consumer electronics, EVs, all Li-ion batteries ZAL WIDE AREA MOTION IMAGERY (WAMI): VLEPSIS® Markets: government defense/security, public safety, disaster recovery, smart cities METAR 18:27 TRANSPARENT CONDUCTIVE FILMS: NANOWEB® Markets: automotive, consumer electronics, telecommunications, aerospace and defense 4#5METAⓇ Go Beyond. META'S TARGET MARKETS GROWTH IN ADDRESSABLE TARGET MARKETS*: 2022-2026, CAGR 19% (in $billions) 2026 2022 2.0 Authentication 1.7 Battery Materials 3.0 Wide Area Motion Imagery 1.9 29,5 13.9 5.2 Transparent Conductive TAM $B Films 2022 2026 2.3 $19.7 $39.6 O2024 Meta Materials Inc. All rights reserved *Sources: Based on META's internal estimates using third-party sources such as IDTechEx, Statista, Verified Market Research, Yano Market Research, Lux Research LO 5#6METAⓇ Go Beyond. CORE LINE: AUTHENTICATION BO QUANTUM™ stripe META O2024 Meta Materials Inc. All rights reserved 80 THOR BANKNOTES XXX METAⓇ Go Beyond. BRAND PROTECTION CO 6#7METAⓇ Go Beyond. CORE LINE: AUTHENTICATION Total Addressable Market: $1.7B in 2022 • BANKNOTES: Confidential G10 central bank customer: $2.0B in 2026 $41.5M, 5-Year development deal re: banknote security feature LumaChrome™: used as security feature on 7B+ banknotes, across 30+ • denominations in the last 20+ years • Introduced QUANTUMTM Stripe in late 2023 BRAND PROTECTION: Banknotes QUANTUMTM stripe QUANTUM™ patch QUANTUM TM thread Brand Protection • Launched NANOTM protect in late 2023 • LiveOptikⓇ delivers striking, multi-image, visual effects © 2024 Meta Materials Inc. All rights reserved LiveOptikⓇ NANO™ protect 7#8METAⓇ Go Beyond. Principle: = 0.1-10 Ohm Metallized Cu CORE LINE: BATTERY MATERIALS NCORE™M NPORE® Copper Bridges Closed Circuit Plastic substrate with embedded copper Metallized Cu O2024 Meta Materials Inc. All rights reserved META Deyend META Go Beyond. META Go Beyond. 8 00#9METAⓇ Go Beyond. CORE LINE: BATTERY MATERIALS (NCORE) Total Addressable Market: $7.3B in 2022 $18.6B in 2026 NCORE™ METAL-POLYMER COMPOSITE CURRENT COLLECTOR • • Replaces traditional metallic foil current collectors with a metal-polymer composite (Cu and Al), offering the world's 1st through-plastic-core conductivity. Ultra Lightweight and Thin: Reduced weight (-85% for current collector, -5% at cell level) • Increased energy and power densities • . • . Added Safety: Fuse-like protection from thermal runaway, chemistry agnostic. Scalable Manufacturing: Roll-to-roll manufacturing using proprietary PLASMAfusionⓇ Costs: Comparable to metallic foil APPLICATIONS: Higher energy density cells, mobile phone safety, next generation batteries, high-silicon anode manufacturing © 2024 Meta Materials Inc. All rights reserved MITSUBISHI ELECTRIC Changes for the Better DuPont Teijin Films™ Innovation Partnerships Sustainability 6#10METAⓇ Go Beyond. CORE LINE: BATTERY MATERIALS (NPORE®) Total Addressable Market: $6.6B in 2022 NPORE® ALL-CERAMIC BATTERY SEPARATORS $10.9B in 2026 • The world's 1st flexible, free-standing ceramic nanoporous membrane separator for lithium-ion batteries • Ultra Thermal Stability • Freestanding, ceramic, nanoporous separator eliminates the plastic layer o <1% heat shrinkage for increased battery safety o 5x higher thermal conductivity compared to plastic separators o Flame resistance Excellent Electrochemical Performance o Superior abuse resistance 。 Rapid wet out with battery electrolytes o 3x greater compression resistance compared to plastic separators 。 Excellent electrolyte conductivity APPLICATIONS: All lithium-ion cells, especially aerospace, military, medical where heat tolerance is critical NPORE® separator prevents thermal runaway in a nail penetration test Demonstrated production scale at high speed on 1.5 m-wide line Joint development agreement with leading global battery OEM © 2024 Meta Materials Inc. All rights reserved 10#11METAⓇ Go Beyond. CORE LINE: WIDE AREA MOTION IMAGERY O2024 Meta Materials Inc. All rights reserved VLEPSIS® TECHNOLOGY WIDE AREA MOTION IMAGERY (WAMI) System 1 11#12METAⓇ Go Beyond. CORE LINE: WAMI (VLEPSIS®) MARKET* Defense EO/IR ISR Commercial EO/IR ISR SEGMENT Services*** Sensors ** Local Law* Public Safety*** *** **Current TAM **Future TAM MARKET ($Billions) GROWTH (%) 7.3 5 1.9 7 0.7 8 0.6 5 VLEPSIS® MULTI-GIGAPIXEL EO-WAMI SENSOR PACKAGE • Outpaces competitors in both performance and cost. • • • • Coverage of 10s to 100 km² with resolution to discern vehicles and people- sized objects Track and monitor 50+ simultaneous live video streams with Al-based multi- object tracking and DVR-like analytical capability Proprietary hardware and Al software support automation for independent and simultaneous users; machine learning Weighing less than 20 kg, payload is small, light, and sufficiently low-powered for helicopters, fixed wing aircraft, and Group 3 UAS platforms • Ground control and processing system . ● (OPTIONS): VTOL UAS platform, air to ground data link, high-res. EO-IR skyball, integration with other data sources, custom analytic software APPLICATIONS: government defense/security, public safety, disaster recovery, smart cities © 2024 Meta Materials Inc. All rights reserved *Data from: Global Airborne Intelligence Surveillance; Airborne ISR Market Size, Share, Industry Report 2023-28 12#13METAⓇ Go Beyond. METAⓇ Go Beyond. META 42 SF CORE LINE: TRANSPARENT CONDUCTIVE FILMS METI Go Be O2024 Meta Materials Inc. All rights reserved 22 13#14METAⓇ Go Beyond. CORE LINE: TRANSPARENT CONDUCTIVE FILMS (NANOWEB®) Total Addressable Market: $2.3B in 2022 $5.2B in 2026 FIRST CONVECTION MICROWAVE WITH TRANSPARENT WINDOW • • • Test deployed with leading microwave manufacturer (actual META product photo in prior page) META's transparent mesh design with the right specifications (EMI shielding > 40dB, low absorption <2%) IP on multi-layer mesh Know-how on integration and multi-layer glass optimization • Proper grounding AUTOMOTIVE - TRANSPARENT HEATERS FOR ADAS SENSORS Working with OEMs for camera/lidar and radar versions 5G REFLECTORS FOR NETWORKS/COMMUNICATION Samples meet/exceed specs Testing done with network signal propagation COMMERCIALIZATION UNDERWAY • Outsourced High-Volume Manufacturing • Collaboration with Panasonic Industry for 60cm-wide capacity © 2024 Meta Materials Inc. All rights reserved 14#15METAⓇ Go Beyond. CORE LINE: TRANSPARENT CONDUCTIVE FILMS (NANOWEB®) Competitive advantages move the needle CATEGORY APPLICATION ALTERNATIVE TCF SOLUTION LIMITATION OF CURRENT SOLUTION WINDSHIELD NO SOLUTION CAMERA HEATER NO SOLUTION LIMITED HEATING POWER LIMITED TRANSPARENCY ITO AND CNT LIDAR HEATER (<95%) AUTOMOTIVE RADAR HEATER VISIBLE WIRES NON-UNIFORM HEATING COMPETITIVE ADVANTAGE VS. OTHER MESH ALTERNATIVES UNIFORM HEATING FOR TRAPEZOID SHAPED WINDOW HIGH HEATING POWER (FASTER DE-ICE) HIGHER TRANSPARENCY (99%) RADAR COMPATIBILITY WITH UNIFORM HEATING TRANSPARENT ANTENNAS VISIBLE WIRES AND HYBRID TRANSPARENCY AND EFFICIENCY CONSUMER ELECTRONICS EMI SHIELDING NO SOLUTION NO SOLUTION TELECOMS TRANSPARENT PASSIVE REFLECTORS © 2024 Meta Materials Inc. All rights reserved HIGH EFFICIENCY AND TRANSMISSION HIGHLY TRANSPARENT AND LOW ABSORPTION (LEAKAGE WELL BELOW FDA REQUIREMENT) NO TRANSPARENT SOLUTION TRANSPARENCY AND EFFICIENCY HIGHLY EFFICIENT BEAM REDIRECTING AND SIGNAL ENHANCEMENT 15#16METAⓇ Go Beyond. SELECT FINANCIALS Q4 2023 O2024 Meta Materials Inc. All rights reserved META-Q4:23 Preliminary Highlights ($MM) Non-Cash and One-Time Items Q4:23 Revenue $2.2 Q3:23 $2.2 Q4:22 $1.4 Q4:23 Depreciation and Amortization $3.4 Y/Y % change 55% Stock-Based Compensation $0.5 Q/Q % change 2% Restructuring $1.6 Operating Expenses $16.1 $16.3 $24.8 Long-term asset impairment Total TBD $5.5 Y/Y % change -35% Q/Q % change -1% Shares Outstanding (post-split) 5.64MM* Operating Loss $14.9 $14.9 $24.0 Y/Y % change -38% Q/Q % change 0% Cash and Equivalents $10.3 $10.2 *Effective January 29, 2024, META effected a one-for-one hundred reverse split of its issued and outstanding Common Stock. Shares outstanding gives effect to the reverse stock split (subject to adjustment for fractional shares). META expects to release fourth quarter and full year 2023 results in mid-to-late March. The preliminary estimated financial information has been prepared by, and is the responsibility of, the Company's management. KPMG LLP, the Company's independent registered public accounting firm, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimated financial information provided above. This information should be read in conjunction with the complete financial statements and the associated management discussion and analysis, available on the Investors section of our website at www.metamaterial.com, as well as on the SEC EDGAR website at www.sec.gov 16#17METAⓇ Go Beyond. KEY TAKEAWAYS O2024 Meta Materials Inc. All rights reserved 1. Focus on core verticals driving revenue. 2. Large and growing total addressable markets. 3. Improve operating efficiency and cash management. 4. Accelerate time-to-market commercialization. 5. Build on partnerships for other technologies. 17#18METAⓇ Go Beyond. BOARD OF DIRECTORS © 2024 Meta Materials Inc. All rights reserved Jack Harding, Chair Allison Christilaw, Director Steen Karsbo, Director Ken Hannah, Director Vyomesh Joshi, Director Philippe Morali, Director 18#19METAⓇ Go Beyond. SENIOR LEADERSHIP Dan Eaton Chief Legal Officer/ General Counsel © 2024 Meta Materials Inc. All rights reserved Uzi Sasson President and CEO Alan Newman Chief Product Officer B.J. Shin Chairman & EVP Korea Dmitry Yarmolich VP & Managing Dir Plasma Tech Ben Sloan Global Head of Business Dev, Energy David Chester VP Systems Engineering Anna Bradshaw Director of Organizational Development Panos Kosmas VP BioMed Engineering Ragip Pala Dir Metamaterials R & I Rob Stone VP, Corporate Dev & Communications Grant Whitcombe Global Head of Business Dev 19#20O2024 Meta Materials Inc. All rights reserved META Go Beyond. R Media and Investor Contact: Rob Stone VP, Corporate Development and Communications Meta Materials Inc. [email protected] [email protected]