#1IBI GROUP A SMARTER URBAN FUTURE Technology Enhancing Profitability IBI Defining the cities of tomorrow ibigroup.com September 2021#2TSXIB G IBI A SMARTER URBAN FUTURE 000 IBI GROUP Advisories Forward-Looking Statements ... This presentation includes certain statements, estimates and projections with respect to anticipated future performance that may constitute "forward-looking" statements. Such forward-looking statements reflect current expectations and assumptions by the Company concerning anticipated results that may or may not prove to be correct. Forward-looking statements are not guarantees of future performance, and a I actual results may differ materially from those in the forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including those discussed under "Risk Factors" in the Company's Annual Information Form filed with the Canadian securities regulatory authorities. Investors should not place undue reliance on forward-looking statements as a prediction of actual results. These forward-looking statements are made as of the date of this presentation." Non-IFRS Measures IBI Group reports its financial results in accordance with IFRS. However, in this this presentation, the following non-IFRS measures are used by the Company: net income from operating activities; net income from operating activities per share; adjusted EBITDA; adjusted EBITDA margin; free cash flow; backlog; net debt and net debt to adjusted EBITDA ratio. Additional details for these non-IFRS measures and reference to the reconciliation to the most directly comparable IFRS measure, where applicable, can be found in IBI's MD&A for the three and six months ended June 30, 2021, which is posted on IBI's website at www.ibigroup.com, and filed with SEDAR at www.sedar.com. GOOD Management of the Company ("Management") believes that these non-IFRS measures provide useful information to investors regarding the Company's financial condition and results of operations as they provide additional key metrics of its performance. These non-IFRS measures are not recognized under IFRS, do not have standardized meaning prescribed under IFRS and may differ from similarly-named measures as reported by other issuers, and accordingly may not be comparable. These measures should not be viewed as a substitute for the related financial information prepared in accordance with IFRS. Notes to Reader 0000000 Throughout this presentation, use of the term 'Margin' refers to percentage of net revenue, and all references to Adjusted EBITDA refer to Adjusted EBITDA net of IFRS 16 impacts, unless otherwise indicated. 6000 TSX: IBG 2 Investor Presentation - September 2021#3ABOUT IBI GROUP IBI TSX: IBG IBI GROUP Globally-integrated technology- driven design firm founded in 1974 World leader in creating advanced urban environments, with intelligent systems, sustainable buildings and efficient infrastructure Provides architecture, engineering, planning, systems and technology services 3,200+ Difference- makers Building Continents TOT Intelligence 00000 Infrastructure 3 Tech pivot puts Intelligence sector in focus with continued growth and margin expansion Core Sectors of Expertise 60+ Offices 7,000 Active Projects TSX: IBG Investor Presentation - September 2021 3#4TSX: IBG CORE BUSINESS IBI GROUP Design, plan and develop advanced urban systems in which people can live, work, learn and heal Leadership team comprised of professional sector experts Diverse revenue streams from three integrated segments IBI INTELLIGENCE Software Systems Design • Systems Integration Operations End-user Services BUILDINGS ⚫ Architecture Interior Design Mechanical Engineering Structural Engineering Electrical Engineering Q2 2021 Revenue Contribution 1 17% 50% IBI INFRASTRUCTURE Civil Engineering Landscape Architecture Planning • Transportation • Urban Design TSX: IBG 33% 4 Investor Presentation - September 2021#5IBI's Investment Thesis REFOCUSED BUSINESS & STRENGTHENED BALANCE SHEET TSX: IBG IBI GROUP 100 IBI 2 Intelligence Driving Growth Expanding SaaS service offerings and enhancing productivity increases revenue & margins Disrupting A&E Business Model Technology integration allows IBI to capture more value from lifecycle of designed assets Focus on Urban Environments Global urbanization drives increased demand for IBI's services and business segments Capital Allocation Flexibility Strong balance sheet underpins value creation through acquisitions or share buy-backs TSX: IBG 5 Investor Presentation - September 2021#6Intelligence Fuels IBI's Future TSX: IBG IBI GROUP VISION & STRATEGIC PLAN LEVERAGES TECHNOLOGY EXPERTISE Technology pivot comprised of four streams inherent through the organization*: 1. Delivering better results, faster: Consolidated services, including design technology, quantum design and project management, allowing IBI to integrate cutting-edge technologies from the earliest stages of design. IBI 2. New revenue streams: Creating and harnessing new technologies and leveraging existing technologies to create new recurring revenue streams. 3. Disruptive technologies: Implementing emerging applications and using established technologies to transform business and revenue models by adopting a "design-as-a-service" framework. 4. Smart city ecosystem: Establishing relationships with leading innovators gives access to new technologies while providing early-stage companies with key domain knowledge and a route to market. *See appendix for more detail on each stream TSX: IBG 6 Investor Presentation - September 2021#7Intelligence AT THE HEART OF IBI'S TRANSFORMATION TO A TECHNOLOGY- DRIVEN DESIGN FIRM Advisory services: world-class software and systems design, systems integration and deployment, operations and end-user services Systems solutions: tolling, traffic and transit management, airport groundside management, lighting, SCADA applications to control water and waste-water systems SaaS solutions: Smart cities - CurblQ, Asset management - InForm and Nspace, Traveller information systems - TravellQ, Energy optimization - BluelQ TSX: IBG Q2 2021 Intelligence Results $19.2MM Net revenue 17% Of total net revenue from Intelligence IBI GROUP $4.2MM Adj. EBITDA 22.1% Adj. EBITDA as a % of net revenue IBI WDBA APWD BRIDGING NORTHAMERIC Gordie Howe International Bridge Mackinac Bridge $5.1MM Billing from recurring software support and maintenance TSX: IBG 7 Investor Presentation - September 2021#8Buildings . RAISING THE IQ OF BUILT ENVIRONMENTS AROUND THE WORLD Embedding Intelligence to drive growth Q2/21 highlight projects: IBI named lead architect on Ford Motor Company's new Research & Engineering Center which contributes to world-class transformation of Ford's Dearborn Campus, supporting increased innovation and collaboration UK healthcare practice remains strong with robust line of sight to continued work through 2021 Alberta, British Columbia and Ontario continue to represent an ongoing source of new work in Canada Positioned to offer integrated design services to new sectors, regions and clients Q2 2021 Buildings Results $56.5MM Net revenue 50% Of total net revenue from Buildings TSX: IBG IBI GROUP $12.3MM Adj. EBITDA 21.7% Adj. EBITDA as a % of net revenue IBI Square One District Phase 1 TSX: IBG untitled Condo Development Investor Presentation - September 2021 8#9Infrastructure CREATING VIBRANT, TECHNOLOGY-DRIVEN ENVIRONMENTS • IBI TSX: IBG IBI GROUP Land engineering, placemaking and transportation services Private and public transportation projects Develop, deploy and manage transportation services globally Q2/21 highlight projects: Supporting Vancouver's Broadway Subway Project, providing design services on road alignments, traffic diversions and road furniture modifications Work continues on Toronto's Eglinton Crosstown LRT, Hurontario LRT, Edmonton LRT, Ottawa Confederation Line and Tel Aviv Red Line Q2 2021 Infrastructure Results $37.2MM Net revenue 33% Of total net revenue from Infrastructure $7.2MM Adj. EBITDA 19.3% Adj. EBITDA as a % of net revenue Hurontario LRT viva Next BRT TSX: IBG 9 Investor Presentation - September 2021#10IBI CORPORATE SNAPSHOT IBI GROUP - TSX: IBG Shares Outstanding (FD) 300 37.6MM S&P/TSX Index IBG Market Capitalization (@ $11.02/sh) ~$414MM .STN 250 -WSP Sr. Unsecured Debentures (6.5%) $46MM -AIF 200 SNC Insider Ownership 34.0% 2021 Net Revenue Guidance $435M 150 Backlog as at June 30/21 $604M (17 months) 100 Anticipate continued free cash flow directed to pursue acquisitions, strategic partnerships, invest in new products and services or buybacks under the NCIB 50 11-Mar-20 10-Apr-20 10-May-20 09-Jun-20 TSX: IBG IBI GROUP Market Performance Mar 2020 - Aug 2021 09-Jul-20 08-Aug-20 07-Sep-20 07-Oct-20 མ་ནི་པ་གོ་མ་ས་ན་ན 06-Nov-20 06-Dec-20 05-Jan-21 04-Feb-21 06-Mar-21 05-Apr-21 05-May-21 04-Jun-21 04-Jul-21 03-Aug-21 TSX: IBG Investor Presentation - September 2021 10#11Robust Q2 2021 Performance GROWING NET REVENUE AND ADJUSTED EBITDA MARGINS $113.2MM NET REVENUE $18.0MM 15.9% ADJUSTED EBITDA MARGIN ADJUSTED EBITDA NET OF IFRS-16 NET OF IFRS-16 0.9x DEBT TO ADJ EBITDA1 MULTIPLE AT JUN 30, 2021 TSX: IBG IBI GROUP IBI Q2 2021 Net Revenue by Region ■Canada East 26% 4% 7% 18% Backlog (Millions) $604 $518 $398 45% 52% Increase '19- '21 Canada USA UK & ■International West Ireland ~12 months -16 months ~17 months Q2 2019 Q2 2020 Q2 2021 TSX: IBG $107.2 Net Debt (Millions) $75.4 $44.2 59% Decrease '19-'21 2.2x 1.8x 0.9x Q2 2019 Q2 2020 Q2 2021 1 Adjusted EBITDA for bank covenant purposes Investor Presentation - September 2021 11#12Commitment to ESG RESPONSIBLE GROWTH IS EMBEDDED IN IBI'S STRATEGY & CORPORATE CULTURE TSX: IBG IBI GROUP + -MMM + IBI ENVIRONMENTAL Plan and execute every project to meet or exceed the highest environmental standards Seek to incorporate resilience in our design to better manage potential climate events Working through approval processes to design the largest solar farm in western Canada with expected capability to power 25,000 homes Implemented a Sustainability, Environmental and Climate Action Policy Leaders in Passive House design • + SOCIAL Actively foster a culture that promotes diversity, inclusion, collaboration and belonging Empowering the team through internal programs: Leadership Engagement & Development, Employee Recognition, Professional Mentoring & Global Women's Network Creation of 3-year diversity targets for our Directors and Senior Management Giving back to communities, local charities and non-profit organizations Robust health and wellness support for staff • • • . GOVERNANCE Regular assessment of competency and critical skills to take our business to the next level Engaged board of directors; ability to guide & champion IBI's technology-focused practice Formal Code of Conduct & Ethics Policy, which all employees and directors are required to review and sign Appointment of IBI's first female executive in February 2021 Enterprise Risk Management Framework to help proactively manage business risks TSX: IBG Investor Presentation - September 2021 12#13Summary: Why IBI? REFOCUSED BUSINESS & STRENGTHENED BALANCE SHEET Intelligence Driving Growth Expanding SaaS service offerings and enhancing productivity increases revenue & margins Disrupting A&E Business Model Technology integration allows IBI to capture more value from lifecycle of designed assets Focus on Urban Environments Global urbanization drives increased demand for IBI's services and business segments Capital Allocation Flexibility Strong balance sheet underpins value creation through acquisitions or share buy-backs Q2 2021 Results TSX: IBG IBI GROUP Adj. EBITDA margin 22.1% from Intelligence revenue $5.1MM Recurring software 13% Net revenue growth 7.6% Organic growth 17% Backlog increase $604 MIMI Backlog (17 months) 0.9x Net debt to LTM EBITDA Adj. NCIB Launched in Q2 2021 IBI TSX: IBG Investor Presentation - September 2021 13#14BI SMART CITY SAND BOX ++ BACK TO LOBBY FLOORPLA +COVID-19 RESPONSE arvo 11 Wet away and the world connue to respond as a retrons consulti en af new technoling and ac howed us to contibute meaningful www.ding fathcas, education Emp hat preserved for artage of challenges, it has to chant wigape and develop new pro Our agility mir ability to innovate, and or Amaco to respond to our clients' needs yayog nirontas The CO Why does, we wit together be strang CHOS Set EXPLORE IBI GROUP'S INVESTOR SHOWCASE pandable stag ens and creative proble are solution ull Foral de afforts in m on andtion planning o cat cpportunities aperte in designm positioneof the well 19 pandemic HIS CO and resilient f our website to red https://smartcitysandbox.com/IBI-2021-AGM-Showcase/ 101 COVID-19 RESPONSE Business Sector Breakou CLICK TO ENTERE TADEWAY#15TSXIB G IBI IBI GROUP ::contacts: IBI Defining the cities of tomorrowrow ibigroup.comm DO 000000 ...... 000000 A SMARTER URBAN FUTURE 000 .... Technology Enhancing Profitability TSX: IBG 00 000 0 0000 Investor Presentation - September 2021 000 B 15 000000#16TSXIB G IBI IBI GROUP .... • 10000 0000 000 APPENDIX DO 000000 ...... 000000 0000 1000 000 .... 000 000 000000000 A SMARTER URBAN FUTURE TSX: IBG 00 000 • 000 0000 Investor Presentation - September 2021 000 B 16 000000#17Management Team EXPERIENCE MEETS VISION Scott Stewart Chief Executive Officer Stephen Taylor Sr. Vice President & Chief Financial Officer Mansoor Kazerouni Global Director, Buildings Kevin Bebenek Global Director, Intelligence IBI David Thom President Audrey Jacob Chief Operations Director Carl Clayton Global Director, Infrastructure TSX: IBG Investor Presentation - September 2021 TSX: IBG IBI GROUP Deepak Darda Global Director, Innovation 17#18Board of Directors TSX: IBG IBI GROUP STRONG STEWARDS OF CAPITAL & A VOICE FOR SHAREHOLDERS IBI Michael Nobrega Independent Director, Chair of the Board John O. Reid Independent Director, Chair of the Audit Committee Claudia Krywiak Independent Director Sharon Ranson Independent Director Paula Sinclair Independent Director Scott Stewart CEO, IBI Group David Thom President, IBI Group TSX: IBG 18 Investor Presentation - September 2021#19Market Trends & Growth Drivers GLOBAL URBANIZATION MEANS INCREASED DEMAND FOR IBI'S BUILDING AND INFRASTRUCTURE SERVICES TSX: IBG IBI GROUP GROWTH IS URBAN 6B people will live in global cities in 2045, >1.5x the current capacity 400,000 2020 TECH TALENT LABOR POOL IBI 350,000 300,000 IBI IB 250,000 GLOBAL CITIES NEED NEW BUILDINGS & INFRASTRUCTURE infrastructure spend $94T 800M $200B 594M 200,000 IBI needed in more houses growth in global students in needed by end of 21st century (2021-2039) healthcare infrastructure (2019-2024) higher education 150,000 by 2040; current 100,000 enrolment doubles by 2025 50,000 0 NEW ECONOMY IS URBAN >80% of global GDP generated in cities >50% of the population lives in global urban cities SF BAY AREA, CA NEW YORK, NY WASHINGTON, D.C. TORONTO, ON DALLAS/FT. WORTH, TX CHICAGO, IL BOSTON, MA SEATTLE, WA [[]] IBI IBI IBI L IBI IBI IBI IBI IBI IBI [] ATLANTA, GA MONTREAL, QC LOS ANGELES, CA DENVER, CO PHILADELPHIA, PA HOUSTON, TX MINNEAPOLIS, MN PHOENIX, AZ VANCOUVER, BC DETROIT, MI BALTIMORE, MD SAN DIEGO, CA AUSTIN, TX OTTAWA, ON ORANGE COUNTY, CA RALEIGH-DURHAM, NC SOUTH FLORIDA *Software developers, programmers, computer support, database and systems, technology and engineering related, computer and information system managers. See Index on page 29 for sources. IBI TSX: IBG Investor Presentation - September 2021 19#20TSX: IBG IBI GROUP 1. Delivering Better Results, Faster FOCUS ON PRODUCTIVITY ENHANCMENTS Infusing cutting-edge technologies from the earliest stages of design Enhances quality and speed of access to key data with central source of clean and curated data Automations streamline project management lifecycle, improve quality of workflow and drives $3M of cost savings annually, while creating scalability without additional resources 85% of IBI's business is centered around managing projects botIBI Project Set-Up Replaces the manual and administrative project set-up process with an efficient two-minute chatbot conversation where before the process would take 45-60 minutes, allowing project staff to focus on delivering high quality services to clients botIBI Legal Entity Support Helps staff quickly identify the correct legal entity when establishing a new project by searching across sectors and jurisdictions in the chatbot interface IBI TSX: IBG Investor Presentation - September 2021 20 20#212. New Revenue Streams TSX: IBG IBI GROUP SOFTWARE-AS-A-SERVICE SOLUTIONS DRIVE RECURRING REVENUE Nspace Offers 360-degree return-to-office solution, including health assessments, contact tracing, desk booking and sanitization modules Implemented within IBI offices globally and provided to third- party organizations on a fee-for-service basis TRAVELIQ Signature white-label technology provides informed, real-time trip planning to the public Improves travel efficiency for transportation authorities and alerts travelers of problem areas and road repairs Multi-year extensions on Ontario and Alberta 511 contracts CurblQ Curbside management solution to digitize curbside regulations and help cities better understand how curbs are working and gives tools to improve future operations Prepared City of Toronto's visionary Curbside Management Strategy, with >50 potential pilot projects for innovative parking and loading solutions and is currently deployed throughout Barrie, Ontario, on over 1,200 kms of curb management INFORM = IBI GROUP Cloud-based asset management tool serving building owners, corporate facilities managers & transportation agencies Supports project management, stakeholder engagement and operations of major projects to help manage costs & operate assets more efficiently Generates revenue directly through user fees and also contributes to more efficient execution of projects IBI TSX: IBG Investor Presentation - September 2021 21#223. Disruptive Technologies INCORPORATING EMERGING APPLICATIONS Adoption of a 'design-as-a service' framework is transforming IBI's business and revenue models Developed a proprietary computational modeling process called IBI Quantum Digital Engagement Venues born from remote working reality and capabilities in creating and using digital twins WING STAR Car IBI . Exciting opportunity to augment how traditional events and collaborative engagements are designed, TSX: IBG IBI GROUP The Main Stage C The Sh B The Lobby E WONDER Informal Networking 0 RGVA G bringing environmental and financial benefits to organizations Can accommodate large conferences, VIP events, public engagement sessions, and everything in between, representing a new potential revenue stream for IBI TSX: IBG Investor Presentation - September 2021 The Showroo 22 22#234. Smart City Ecosystem PARNTERING WITH LEADING INNOVATORS Leveraging like-minded public and private sector partners to foster innovative new products and solutions for urban environments Access to leading-edge innovation being developed within the tech eco-environments Equity investment in SWTCH, focused on EV charging IB TSX: IBG IBI GROUP IBIGROUPS 2021 ANNUAL GENERAL MEETING Ca& CEO ME 88AGE TO SNAREHOLDERS Have held virtual Sandbox events co-hosted by OCI and IBI as well as our inaugural capital markets session on March 24, 2021 Multiplex newest partner focused on disruptive technology in the construction sector Partners: ONTARIOPOWER GENERATION The Weather Network MULTIPLEX IBI eD EllisDon IBI 2 OCE Where Next Hoppens SLATE TSX: IBG Microsoft TECHNOLOGY PROVIDER Investor Presentation - September 2021 23 23#24TSXIB G IBI IBI GROUP Index A SMARTER URBAN FUTURE 000 Growth is Urban: "68% of the world population projected to live in urban areas by 2050, says UN" (United Nations: May 16, 2018) https://www.un.org/development/desa/en/news/population/2018-revision-of-world-urbanizationprospects.html Global Cities Need New Buildings and Infrastructure // Infrastructure: O'Sullivan, Mike, "Experts: Urbanization Will Worsen Housing Crisis" (VOA: October 11, 2018) f https://www.voanews.com/a/experts-urbanization-will-worsenhousing-crisis/4608846.html Global Cities Need New Buildings and Infrastructure // Housing: Badger, Emily, "Why We Should be Worried About the Rapid Growth in Global Households" (City Lab: February 14, 2014): https://www.citylab.com/equity/2014/02/worlds-ticking-household-bomb/8389/ Global Cities Need New Buildings and Infrastructure // Healthcare: "Healthcare infrastructure market set to grow to $200billion in five years" (Building Better Healthcare: December 11, 2018) https://www.buildingbetterhealthcare. co.uk/news/articlepage/Healthcare_infrastructure_market_set_to_grow_to_200billion_in_five_years/149796 00 Global Cities Need New Buildings and Infrastructure // Education: "Study projects dramatic growth for global higher education through 2040" (ICEF Monitor: October 3, 2018) http://monitor.icef.com/2018/10/study-projects-dramaticgrowth-global-higher-education-2040/ The New Economy is Urban: "Urban Development" (The World Bank: October 5, 2018) https://www.worldbank.org/en/topic/urbandevelopment/overview#1 2020 Tech Talent Analyzer: https://mapping.cbre.com/maps/Scoring-Tech-Talent-2020/ 000000000 00000 .... 00 000 • 0000 000 B TSX: IBG 24 Investor Presentation - September 2021 000000