#1CALIAN Ⓡ Investor Presentation Western Canada Roadshow in collaboration with Acumen Capital May 15-16, 2023 40 YEARS OF CALIAN#2Caution Regarding Forward Looking Statements Certain information included in this document is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as "intend", "anticipate", "believe", "estimate", "expect" or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company's most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward- looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them. 2 40 YEARS OF CALIAN#3Table of Contents 3 1 OVERVIEW OF CALIAN 2 EXECUTING ON OUR GROWTH OBJECTIVE 3 DEPLOYING CAPITAL EFFECTIVELY 4 FUNDING GROWTH 5 FOUR-PISTON ENGINE (OPERATING SEGMENTS) 6 Q2-23 RESULTS 7 WHY INVEST IN CALIAN? 40 YEARS OF CALIAN#4Overview of Calian EXIT#5Calian - FY22 Snapshot 40 years History 4,500 Ottawa $649M Workforce Head Office Market Cap 5 30% ITCS 16% Learning $582M 2022 Revenues Note: % may not add up due to rounding 26% Advanced Technologies REVENUE SEGMENTATION CGY TSX Customers Geography Technology 53% Commercial 29% International 27% Products 47% Government 71% Canada 73% Services 29% Health Note: Data as at September 30, 2022 A diverse product and services company 40 YEARS OF CALIAN#66 Key Milestones in 40-Year History Building Assets Reorganizing 1982 Calian Technology Ltd. Established 1993 Acquisition Skywave Initial Public Offering 1996 Acquisition Pricon Staffing Services (start of ITCS segment) 2015 Kevin Ford becomes President and CEO (start of new era) .......... 1990 Acquisition SED Systems Inc. (start of Advanced Technologies segment) 1995 First strategic DND Training Contract win (start of Learning segment) 2004 Strategic Health Contract win for DND (HSSC) (start of Health segment) 2016 Capital & Growth 2019 Calian announces 4-segment structure 2021 Acquisition Dapasoft/iSecurity Bought deal public offering of $80M at $60.50/share Revenues exceed the half-billion-dollar mark O.. Name changed to Calian Group Ltd, stock ticker now CGY 2020 Bought deal public offering of $69M at $44.00/share Acquisition Tallysman Acquisition 2022 Acquisition Computex Acquisition SlmFront Allo/Allphase Transforming from a conservative dividend company to a growing technology company 40 YEARS OF CALIAN#7Senior Leadership Team 7 Kevin Ford CEO Patrick Houston CFO & Corporate Secretary Michele Bedford CCO Sean Hamer CTO Sue Ivay CHRO Patrick Thera Advanced Technologies Derek Clark Health Sacha Gera IT & Cyber Solutions (Outgoing) Don Whitty Learning Capable and experienced leadership team Michael Muldner CIO 40 YEARS OF CALIAN#8Four-Piston Engine FY22 REVENUES SUB-SEGMENTS 30% 29% 26% ADVANCED TECHNOLOGIES $150M ■ Space (53%) ITCS $173M On-demand Talent & Gov. Solutions (43%) IT Solution Provider (31%) ■ XaaS & Cyber MDR (26%) HEALTH $167M Healthcare Professional Services (78%) ■ Pharmaceutical Industry Solutions (18%) ■ In-store Health Clinics (4%) 17% EBITDA % BACKLOG % COMMERCIAL/GOV'T % INTERNATIONAL/CANADA % PRODUCT/SERVICE RECENT ACQUISITIONS 17% $97M 65%/35% 45%/55% 36%/64% Computex Dapasoft/iSecurity ■ EMSEC Secure Technologies 8 00 GROWTH FOCUS $707M 42%/58% 5%/95% 0%/100% ■ Alio/Allphase ☐ Priority One ■ Defence (22%) ■ Terrestrial (25%) 14% $168M 79%/21% LEARNING $92M 16% ■ Domestic Defence (75%) Global Defence (15%) ■ Commercial (10%) 18% $328M 10%/90% 15%/85% 70%/30% 62%/38% Intragrain ■ SatService Tallysman ■ InterTronic Solutions 4%/96% ■ SimFront CTS ■ Cadence Integrated Synthetic Training Environments (Global Defence) XaaS & Cyber MDR Pharmaceutical Industry Solutions (PSP & CRO) GNSS antennas This business model provides diversity and stability 40 YEARS OF CALIAN#9Global Footprint 9 •> . OPERATIONS - North America and Europe DELIVERY - North America (1500+ locations) DELIVERY - Europe and Africa Our four-piston engine is gaining a growing global footprint 40 YEARS OF CALIAN#10Recent News • • • May 10/23 - Calian announces the resignation of Sacha Gera, President ITCS (ITCS) March 9/23 - Calian enters into definitive purchase agreement to acquire US Satellite Communications Provider Hawaii Pacific Teleport (Advanced Tech) Feb. 24/23- Calian recognized as an Elite 150 on CRN's Managed Service Provider (MSP) 500 list for 2023 (ITCS) Feb. 10/23 - Calian achieves new Microsoft Solutions Partner Designations for Data and Al, Digital and App Innovation and Modern Work (ITCS) Feb. 10/23 - Calian announces appointment of Darrell Wellington to Tallysman leadership team (Advanced Tech) • 10 Feb. 9/23 Calian announces the appointment of new President of Calian Health (Health) Announced definitive purchase agreement to acquire HPT 40 YEARS OF CALIAN#11Capital Market Profile CGY TSX $80.00 $70.00 7 $60.00 Analysts $50.00 11.7M $40.00 # Shares $30.00 16,076 Avg. Daily Volume $20.00 2-Apr-18 2-Oct-18 2-Apr-19 2-Oct-19 2-Apr-20 Note: Data as at March 31, 2023 2-Oct-20 Volume ―Price 400,000 350,000 $65.17 Close 300,000 $54.24 250,000 52-week Low 200,000 150,000 $71.58 100,000 52-week High 50,000 $764M 0 2-Apr-21 2-Oct-21 2-Apr-22 2-Oct-22 Market Cap 11 Strong share price appreciation over the past 3 years 40 YEARS OF CALIAN#12Inaugural ESG Report Our Mission We help the world communicate, innovate, learn and lead safe and healthy lives - today and tomorrow Our ESG Vision Collaboration to Advance Resilience Excellence and Sustainability (Calian CARES) We understand the significant impacts of climate change on businesses and communities. Climate Change 13 GLINATE Environmental Protection 12 12 112 Environmental We recognize we have obligations to our people, our stakeholders and the communities in which we MMM work. Social Our People Diversity, Equity & Inclusion GOOD HEALTH AND WELLBEING M Indigenous Engagement 3 GOOD HEALTH QUALITY 4 EDUCATION W Community Resilience GOOD HEALTH AND WELL-BEING QUALITY 4DICATION 5 ALITY NEUSORY MOMOD We are committed to ethical business practices and transparent reporting. Governance Structure Reporting Standards Enterprise Risk Management Client Requirements Governance A Calian ESG efforts aligned to several United Nations SDGs Innovation (Advancing STEM) ODATION AND STRUCT Policies, Certifications and Processes 40 YEARS OF CALIAN#139 Executing on our Growth Objective EXIT#1414 Four Pillars of Growth 1 5% + Organic Growth 2 5% Acquisitive Growth 3 || 10% Target Growth 4 Customer Retention Through continued delivery excellence, each segment maintains relationships with their valued customer bases, thus earning more revenue through expanded scope of existing contracts Contract Renewals Customer Diversification Through continued diversification, each segment increases its percentage of revenue derived from winning non-government contracts, from commercial activity in global markets, and from increasing product offerings - both acquisitive and organic Diversified Revenues Innovation Through continued investment in acquisitive and organic growth, each segment increases its differentiation thus improving gross margins Higher Gross Margins Continuous Improvement Through continued leverage of innovation, the Company streamlines processes and scales its back-office support capability Investments in Innovation Revenue Objective: $1 Billion 40 YEARS OF CALIAN#15Growing Revenues, Profitability and Margins 15 Revenues (in millions of $) Gross Profit & Margin (in millions of $, except margin) 582 169 518 432 343 305 Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 66 52 127 29.1% 37 25 27 11.3% 10.0% 8.5% 8.3% 7.9% 89 75 64 24.4% 21.8% 21.0% 20.6% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Gross Profit Gross Margin Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Revenue CAGR of 18% over 5 years & significant margin expansion 40 YEARS OF CALIAN#16Diversifying Revenue Streams 16 Grow Market Share by Diversifying Internationally Geography Generate Higher Margins with Products Offering De-Risk the Customer Base & Generate Higher Margins Customer 20% 19% 25% 22% 18% 20% 29% 25% 27% 33% 32% 31% 47% 49% 53% 80% 81% 75% 78% 82% 80% 71% 75% 73% 67% 68% 69% 53% 51% 47% 2018 2019 2020 2021 2022 2018 2019 ■Canada International From $61M to $169M CAGR: 29% 2020 2021 2022 2018 2019 ■Service ■ Product From $55M to $157M CAGR: 30% 2020 2021 2022 Government ■Commercial From $98M to $308M CAGR: 33% Growing revenues from International, Technology and Commercial 40 YEARS OF CALIAN#17Surpassing 10% Annual Revenue Growth Objective Organic Revenue Growth (in %) Acquisitive Revenue Growth (in %) Total Revenue Growth (in %) 19% 21% 8% 8% 7% 5% 5% 3% 12% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 -6% 12% 11% 10% 26% 20% 12% 2018 2019 2020 2021 2022 Note: total growth may not add up to organic & acquisitive growth due to rounding 17 Lapping tough year in Health and Advanced Technologies 40 YEARS OF CALIAN#18Delivering on Guidance Revenues (in millions of $) 582 518 432 343 Adj. EBITDA¹ (in millions of $) 630-680 2019 2020 2021 2022 2023E 18 27 24 2019 37 32 2020 52 52 66 70-75 Adj. Net Profit¹ (in millions of $) 46-50 44 37 2021 2022 2023E 1) This is a non-GAAP measure. Please refer to the MD&A. On track for another record year 24 24 19 2019 2020 2021 2022 2023E 1) This is a non-GAAP measure. Please refer to the MD&A. 40 YEARS OF CALIAN#19Starting From a Solid Base 19 Revenues (in millions of $) 630-680 582 518 432 343 2019 2020 2021 2022 2023E + 577 Recurring Revenues Backlog (in millions of $) Backlog 2nd half FY23 261 320 Revenues YTD Q2-23 316 664 FY23 FY24 Beyond FY24 We have visibility on ~88% of FY23 revenues (at midpoint) 40 YEARS OF CALIAN#20Driving Future Revenues Backlog (in billions of $) 1.33 1.31 1.27 1.29 1.23 2018 20 20 270 New Contract Signings (in millions of $) 492 442 447 699 0.9 Book-to-Bill Ratio 1.3 1.2 1.1 0.9 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 New contract signings exceed revenues. 40 YEARS OF CALIAN#21Reaching $1 Billion of Revenues Continue to deliver double digit growth · Strong FCF Increasing margins Growing into new customers >$800 Million Leverage high growth opportunities • Enhanced cross selling Larger M&A deals Focus on high organic growth assets >$1 Billion Today 24 21 Run Rate - End FY25 We have the track record, growth opportunities and balance sheet 40 YEARS OF CALIAN#229 Deploying Capital Effectively EXIT#23Generating Increasing Operating FCF 23 25 2018 Adj. EBITDA² (in millions of $) 27 27 37 2019 2020 52 99 66 2021 2) This is a non-GAAP measure. Please refer to the MD&A. 2022 Operating Free Cash Flow (OFCF) 1&2 (in millions of $) 35 28 17 13 2018 2019 2020 2021 1) OFCF CFO less capex and excluding working capital 2) This is a non-GAAP measure. Please refer to the MD&A. 47 2022 High Operating FCF conversion rate OFCF Conversion 1&2 (in %) 76% 72% 66% 63% 50% 2018 2019 2020 2021 1) OFCF Conversion = OFCF divided by adjusted EBITDA 2) This is a non-GAAP measure. Please refer to the MD&A. 2022 40 YEARS OF CALIAN#24Managing Working Capital Requirements Revenues (in millions of $) 518 432 343 305 582 46 Net Working Capital¹ (in millions of $) 92 90 57 Net WC as a % Revenue (in millions of $, except %) 582 518 90 432 80 343 21.2% 305 16.6% 17.4% 15.1% 13.8% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 1) Net Working Capital = Current Assets (A/R, WIP, Inventory & Prepaid expenses) - Current Liabilities (A/P & accrued liabilities, Provisions and unearned contract revenue) Revenue 24 24 Net WC as a % of revenue is reverting to normalized levels 2021 Net WC / Revenue 2022 40 YEARS OF CALIAN#25Deploying Capital to Maximize Shareholder Return 1 Acquisitions (in millions of $) 21 223 5 LQ 29 49 66 2 Dividends (in millions of $) 12 10 9 9 3 Capex¹ 13 (in millions of $) 13 8 7 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 25 25 7 6 5 2018 2019 2020 2021 2022 1) Capex Equipment and application software + Capitalized R&D Balanced approach to capital allocation 40 YEARS OF CALIAN#26Describing M&A Strategy M&A Criteria M&A Process • Profitable & growing . Dedicated M&A team · Strategic fit (complementary/scale) • Pipeline: ~10 deals/quarter • Cultural fit Target closing: ~2-3 deals/year (larger transactions) • Disciplined valuation (do not overpay) • Individual bids & competitive bids 26 26 Comfortable with a leverage ratio reaching 2.5x Net Debt to EBITDA 40 YEARS OF CALIAN#27Completing EBITDA Accretive Acquisitions DATE ACQUISITION SEGMENT GEOGRAPHY TOTAL UPFRONT TRANSACTION VALUE (in millions) EARNOUT Q2-22 Computex ITCS U.S. $38.0 $38.0 $0.0 EARNOOUT PAID n/a Q1-22 SimFront Learning Canada $15.0 $9.0 $6.0 YES (on track for 2) Q2-21 Dapasoft ITCS Canada $83.0 $50.0 (cash & shares) $33.0 (cash & shares) YES (on track for 2) Q2-21 InterTronic Advanced Technologies Canada $22.0 $13.0 $9.0 NO Q1-21 Cadence Consultancy Learning U.K. $3.5 $2.0 $1.5 YES (1 of 2) Q4-20 Tallysman Advanced Technologies Canada $24.5 $15.7 $8.8 YES Q4-20 EMSEC ITCS Canada $4.8 $3.0 $1.8 ΝΟ Q4-20 Comp. Training Solutions Learning Europe $2.0 $1.1 $0.9 YES Q2-20 Alio/Allphase Health Canada $26.5 $14.5 (cash & shares) $12.0 YES Q3-19 SatService Advanced Technologies Europe $16.0 $9.8 $6.2 ($0.9 net equity) NO Q1-19 IntraGrain Advanced Technologies Canada $17.0 $10.0 $7.0 ($1.0 escrow) ΝΟ Q4-18 Priority One Health Canada $1.1 $1.1 $0.0 n/a Q3-18 Secure Technologies ITCS Canada $4.2 $2.6 $1.6 YES (1 of 2) 27 27 Average EV/EBITDA multiple has been 5.5x-6.0x 40 YEARS OF CALIAN#28Performing Post Acquisition Actions 9 Acquisitions (avg. of 2 deals/year) >$200M Capital deployed (increasing from <$5M to $80M) Results 34% Revenue growth 51% EBITDA growth Note: based on 9 acquisitions completed since FY19 (4 fiscal years) 28 5X Avg. multiple paid upfront (trailing EBITDA) • Targeting larger acquisitions How? • • Ability to identify good targets and complete successful deals. Deal structure that enables growth Identification of synergies and ability to drive implementation quickly 40 YEARS OF CALIAN#29Acquiring Hawaii Pacific Teleport (HPT) HAWAI Financial Highlights • · EP PACIFIC HAWAII PACIFIC TELEPORT Acquire the assets for up to C$62M (US$46M) including C$47M (US$35M) at closing and earn- outs of up to C$15M (US$11M) based on the achievement of certain level of EBITDA over the next 24 months Paid multiple in line with historical average Rationale . • Blue chip roster of long-term customers (low churn rate) • • Trusted relationships with satellite operators and managed service providers Positioned to benefit from key market growth trends · Adds annual revenues of C$18M • Accretive on gross margin & EBITDA immediately • Strong mix of recurring revenues • Higher margins than AT and consolidated 29 29 • Strategic geographic location • Vertical integration benefits cross selling Expected to close by the end of FY23, pending regulatory approvals 40 YEARS OF CALIAN#30Maintaining Dividend Payment History 30 Dividends & Dividends/Share (in millions of $ & in dollars) 13 12 3.7% 10 3.2% 9 9 1.12 1.12 1.12 1.12 1.12 2018 2019 Dividends (M$) Dividend Yield (in %) 2.0% 1.7% 1.8% 68% Dividend/OFCF1&2 (in %) 51% Target range: 25%-30% 36% 35% 27% 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Dividends/Share ($) 1) This is a non-GAAP measure. Please refer to the MD&A. 2) OFCF CFO less capex and excluding working capital The dividend payment will be re-evaluated over time given its relative size to OFCF 40 YEARS OF CALIAN#31Optimizing Capex Spending While Growing 31 Equipment & Application Software1 (in millions of $) 5.4 3.0 4.6 7.4 7.1 1.1 Capitalized R&D¹ 1.8 (in millions of $) 1.2 0.4 0.2 4.7 R&D Expensed (in millions of $) 2.0 1.4 5.4 5.0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 1) Capex Equipment and application software + Capitalized R&D The ERP implementation represented ~$7M of Capex in the past 3 years 40 YEARS OF CALIAN#32Ramping Up Deals in Equity Investments FIELD EFFECT ECO System Investments • • Geographical expansion and entry into new markets necessitates greater partnership and eco-system to bring best in class technology to our customers Use equity investments to drive combined go to market strategy Preferential equity positions to deliver long term ROI • Small investments <$2M are targeted • Example • Field Effect Cyber Range - a simulation-based cyber security training platform used to grow individual skills, rehearse incident response and train teams Financing group - Edison Partners and Round 13 Growth Total investment - US$34.5M, of which ~$2M was Calian "We see the investment in Field Effect as a way to enhance our solution set and begin to address this gap for our growing customer base including governments and defence agencies." 32 32 Dual objective: return on investment & driving our business forward 40 YEARS OF CALIAN#33Funding Growth EXIT#34Maintaining a Strong Balance Sheet Total Debt (in millions of $) 13 00 8 Cash & Cash Equivalents (in millions of $) 79 22 22 17 24 24 43 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 34 == Net cash position 62 62 Net Liquidity (in millions of $) 159 44 2019 =4 84 2020 115 2021 2022 1) Net Liquidity= Unused portion of credit line + cash & cash equivalents 2018 40 YEARS OF CALIAN#35Ensuring Available Liquidity 40 Credit Facility (in millions of $) 40 40 60 60 120 120 40 40 60 80 72 12 Cash & Cash Equivalents (in millions of $) 79 43 24 22 17 Cash Available (in millions of $) 199 40 155 40 ا... 84 159 115 44 62 1) Net Liquidity= Unused portion of credit line + cash & cash equivalents 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Used ■Unused Accordian Net Liquidity Accordian 35 Ample liquidity to pursue growth through acquisitions. 40 YEARS OF CALIAN#3636 36 Leveraging Capital Structure Capital Structure (in millions of $) 292 305 13 200 100 115 2018 2019 2020 Equity Debt 00 8 Bought Deals (Equity) (in millions of $) 80 69 $60.50/share $44.00/share Pursue strategic growth initiatives and for general corporate & working capital purposes 2021 2022 2018 2019 2020 2021 2022 No dilution following bought deals Operating FCF/share¹ (in $) $4.16 $3.27 $3.08 $2.19 $1.66 2018 2019 2020 2021 1) This is a non-GAAP measure. Please refer to the MD&A. 2022 40 YEARS OF CALIAN#379 EXIT Four-Piston Engine (Operating Segments)#3838 38 ITCS - FY22 Snapshot ~475 Workforce 8%/102% Organic/Acquisitive Growth 17% $205M $97M EBITDA % New Contract Signings Backlog 26% XaaS and Cyber MDR $173M 2022 Revenues Note: % may not add up due to rounding 43% On-demand Talent and Government Solutions 31% Customers IT Solution Provider ~65% Commercial ~35% Government REVENUE SEGMENTATION Geography Offering ~45% 36% International Products ~55% Canada 64% Services *XaaS = Everything as a Service includes recurring revenue from Managed IT (NOCaaS), Cyber (SOCaaS, Incident Response) Diverse, profitable, growth business growing globally 40 YEARS OF CALIAN#39ITCS - Financial Performance 39 45 Revenues (in millions of $) 55 58 59 82 173 Computex acquisition Gross Profit & Margin (in millions of $, except margin) 24.3% 17.8% 20.0 15.2% 13.9% 10.3 8.3 6.2 61.1 35.3% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Gross Profit Gross Margin Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 12.1% 8.2% 10.0 5.7% 6.5% 4.8 3.6 2.6 29.5 17.1% 2018 2019 2020 2021 2022 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Driven by acquisitions and organic growth in overall cyber practice 40 YEARS OF CALIAN#40ITCS - Business Description 43% On-demand Talent and Government Solutions PROBLEM SOLVED: • Talent Scarcity • Physical Security • Government Compliance SERVICES: . • IT/Cyber Talent Resourcing Application Modernization • RF Emission & Bug Sweeping • Drone Mitigation • CISO Chief Information Security Officer • CIO - Chief Information Officer • MDR - Managed Detection & Response 40 40 31% IT Solution Provider 26% PROBLEM SOLVED: XaaS & Cyber MDR PROBLEM SOLVED: Cloud Transformation Hybrid Work • Multi-Vendor Procurement SERVICES: • • . Enterprise Architecture Tech. Advisory & Engineering Public/Hybrid Cloud Migration Data Centre Builds Firewalls & Network Security • Wireless & SD-WAN • IT & Cyber Scale . Geographic Coverage Pricing Economics SERVICES: • Outsourced IT & Cyber Ops. Cyber Consulting, Audits • Fractional CISO/CIO Cyber Incident Response • Data Breach Remediation . IT Infra. Monitoring & Mgmt. *XaaS Everything as a Service includes recurring revenue from Managed IT (NOCaaS), Cyber (SOCaaS, Incident Response) Trusted one-stop shop, full breadth, deep depth IT and Cyber Portfolio 40 YEARS OF CALIAN#41ITCS - Brands That Trust Us Manufacturing & Energy Finance Transportation POLARIS PLAINS CENTRAL BANK Centered around you. Cargill OXY BANK OF CANADA BANQUE DU CANADA Healthcare Retail and Real Estate Tech and Defence Public Sector TRUVEN HEALTH ANALYTICS AVE& BUSTER'S GENERAL DYNAMICS City of Lubbock TEXAS FAIRVIEW TOPGOLF Wholesome ■Daisy■ BRAND PIONEER NATURAL RESOURCES CALLON PETROLEUM HIGHLANDS RESIDENTIAL MORTGAGE eDF QUHN Brookfield ASHLEY Omni Logistics COTERRA ally LivaNova Health innovation that matters Indigo Seneca MIDLAND HEALTH ERICSSON Microsoft ciena Experience. Outcomes. LOCKHEED MARTIN CODESSA COLLEGE UMC MHEALTH SYSTEM Government Gouvernement of Canada du Canada Canada 41 >1,100 customers to mine for cross-sell and up-sell, at the beginning of this upside 40 YEARS OF CALIAN#4242 ITCS - Business Model Contracts Customers On-Demand Talent and Government Solutions Number Size Geography Verticals Length ~50 Public Sector (government) ICT OEMS Canada 85% public sector 15% commercial Non-recurring revenue 3-6 months fixed price projects and Multi- Important year/per diem billing Predictable backlog Government of Canada General Dynamics Ericsson ~1,100 IT Solution Provider Mid-Market & Enterprise Public sector (SLED) • U.S. 10% public sector • 90% commercial Non-recurring revenue . 6-12 months fixed price projects Variable backlog Microsoft Dave and Busters Polaris • • ~300 XaaS & Cyber MDR Mid-Market • • Publc sector (hospitals) U.S. & Canada 25% public sector 75% commercial Recurring revenue 3 month fixed price projects & Retainers & Multi-year/subscription Predictable backlog Highlands Residential Health Sciences North • Ontario Health Diverse mix of customers/verticals/geography and equipped to weather recessionary pressures 40 YEARS OF CALIAN#43ITCS - Recent Acquisitions COMPUTEX TECHNOLOGY SOLUTIONS Computex is a leading Managed IT and Cybersecurity solutions provider with a strong IT Hardware Resale footprint across the United States and state-of-the-art NOC and SOC facilities in Houston, Texas dapasoft Security Dapasoft is a leading provider of innovative systems integration, cloud lifecycle management and virtual care solutions, which enable clients to securely implement digital transformation initiatives, specializing in the healthcare industry iSecurity delivers world-class enterprise solutions that manage cybersecurity risk while addressing unique regulatory requirements and critical infrastructure ESI EMSEC Solutions Inc. EMSEC specializes in Radio Frequency (RF) emission security and technical surveillance countermeasures SECURE TECHNOLOGIES A CALIAN COMPANY Secure Technologies provides world-class cyber security solutions such as those from McAfee, Forcepoint, Fortinet and Gemalto 23 43 The Computex acquisition greatly surpassed our expectations 40 YEARS OF CALIAN#44ITCS - Growth Focus & Competitive Advantages - Growth Focus Focus on XaaS & Cyber Managed Detection & Response (MDR) 2. નં ભં 1. 3. 4. Competitive Advantages Talent and ability to source & scale including government secret cleared N.A. geographic and vertical market focus Breadth/depth of portfolio, sales distribution engine Strategic partners: CRWD, MSFT, CSCO, PALO 5. 24 x 7 global enablement, follow the sun 6. Cost competitive - access to low-cost global resources 7. 8. Proprietary platform for mid-market & COTS for Enterprise Technology agnostic, support best of breed 9. 10. Investing in R&D to drive efficiency and differentiation Access to liquidity to consolidate market, invest in disruptors 44 The industry is expected to grow by a CAGR of over 11% from 2020-2025 40 YEARS OF CALIAN#45Health - FY22 Snapshot ~1,550 Workforce 18% Pharmaceutical Industry Solutions 45 45 -14% / 0% Organic / Acquisitive Growth 17% EBITDA % $154M New Contract Signings $707M Backlog 4% In-store Health Clinics $167M 2022 Revenues Note: % may not add up due to rounding 78% Healthcare Professional Services REVENUE SEGMENTATION Customers Geography Offering ~42% Commercial ~5% International 0% Products -58% Government ~95% 100% Canada Services The majority of revenues are generated from Healthcare Professional Services 40 YEARS OF CALIAN#46Health - Financial Performance 99 Revenues (in millions of $) 195 116 163 COVID Impact 167 Gross Profit & Margin (in millions of $, except margin) 47.8 41.6 Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 34.8 28.3 32.4 23.4 18.5 23.2 17.8% 24.9% 17.0% 24.5% 17.2 13.3 16.0% 14.4% 20.1% 19.9% 17.3% COVID Impact 13.3% COVID Impact 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Gross Profit Gross Margin Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. 46 46 Despite the temporary bubble created by COVID-19 we grew from 2020 40 YEARS OF CALIAN#47Health - Business Description 78% Healthcare Professional Services Manage a network of more than 2,800 healthcare professionals delivering primary care and occupational health services: • 85 classifications of care providers supporting the members of our CAF • Mental health and primary care and dental • . services to provinces and territories Psychological services to Canada's enforcement agencies Turnkey medical solutions • Direct to patient solutions Hospital Health Professional Services and solutions 18% Pharmaceutical Industry Solutions Provide clinical trial management services, specialty medication support and market access services to the pharmaceutical industry, all enabled by an innovative healthcare delivery management software: • Full-service Contract Research Organization (CRO) • Functional Service Provider (FSP) • Patient Support Programs (PSP) • Digital health technology platforms (Nexi and CVC) 4% In-store Health Clinics Design, build and manage all in-store health clinics (148 clinic spaces): • Medical property management • Establish physician practices • Clinic design, fit-up and 24x7 support • Medical clinic supply chain • Advertising and promotion Go-to-market pharmaceutical program partnerships - driving market access/ commercialization • CAF - Canadian Armed Forces • CVC - Corolar Virtual Care 47 7 Diversifying into the pharmaceutical industry to generate future growth 40 YEARS OF CALIAN#48Health - Brands That Trust Us 189 48 Ontario epiq Alberta Government Yukon PEEL REGIONAL POLICE Loblaws CBSA ASFC PROTECTION SERVICE INTEGRITY PROTECTION-SERVICE INTEGRITE Nunavut National Défense Defence nationale The defence industry represents over 50% of Health segment revenues 40 YEARS OF CALIAN#49Health - Business Model 49 49 Contracts Customers Healthcare Professional Services Number Size Geography Verticals >50 Large (public sector) Canada Length Important . Defence Municipalities Provincial Governments Multi-year contracts with options for renewals Department of National Defence (DND) - 12-year contract (year 5) Epiq Class Action Services Canada, Inc. Pharmaceutical Industry Solutions In-Store Health Clinics >120 products 1 Multi-national large corporations Canada, International Pharmaceutical Medical Device Diagnostics Primarily long-term and project based Large national customer (Loblaws) Canada Food/Pharmaceutical Medium-term: 5-year contract (year 3) The DND contract is a stabilizing contract as we move into growth markets 40 YEARS OF CALIAN#50Health - Recent Acquisitions ALIO HEALTH ALLPHASE CLINICAL RESEARCH Priority One Alio Health specializes in the design and implementation of comprehensive Patient Support Programs (PSP) that enhance the patient's experience throughout their treatment journey Allphase Clinical Research Inc is a full- service, Contract Research Organization (CRO) providing high quality clinical development management and strategy services for companies with early-stage to post-market approval products Priority One provides specialized psychological assessment and selection services. These encompass identifying candidate selection suitability for firearms issuance and psychological fitness-for-duty assessment, as well as pre-placement mental health assessments for organizations requiring safety-sensitive positions. 50 60 The acquisitions of Alio/Allphase will be the building blocks of Health's next growth phase 40 YEARS OF CALIAN#51Health - Growth Focus & Competitive Advantages Growth Focus Focus on Pharmaceutical Industry Solutions including Patient Support Programs (PSP) and Contract Research Organizations (CRO) HMC Competitive Advantages 1. Speed and reliability 2. 3. 4. 5. 6. 7. 8. 9. Feature-rich Digital Health Enterprise Management platform (leverage Nexi) Reduction of costs of operation in the pharmaceutical industry (leverage Nexi) Industry-leading KPIs Reimbursement & co-pay management capability Ability to manage high-volume PSPs Ability to manage a growing/diverse healthcare Gig Economy Experience in a highly regulated environment Managing the largest number of pharmaceuticals (or PSPs) in Canada 10. A network of over 2,800 Health Care Providers 51 The industry is expected to grow by a CAGR of over 10% from 2018-2028 40 YEARS OF CALIAN#52Advanced Tech. - FY22 Snapshot -925 Workforce 22% Defense 25% Terrestrial 52 42 -10%/ 0% Organic / Acquisitive Growth 14% EBITDA % $184M New Contract Signings $168M Backlog REVENUE SEGMENTATION Customers Geography Offering $150M 53% Space -79% Commercial ~70% International 62% Products 2022 Revenues Note: % may not add up due to rounding ~21% Government -30% 38% Canada Services General customer base and a growing global footprint with over 70% of our business exported out of Canada 40 YEARS OF CALIAN#53Advanced Tech. - Financial Performance 53 83 99 99 110 Revenues (in millions of $) 153 167 150 Gross Profit & Margin (in millions of $, except margin) 43.3 41.6 34.0 Margin increase due to mix Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 21.0 20.9 20.7 17.7 16.5 30.6 28.8 28.8% 29.0% 27.9% 25.0% 17.9% 22.2% 15.1% 13.7% 13.7% 12.5% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Gross Profit Gross Margin 2018 2019 2020 2021 2022 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Recently impacted from rolling off of large contract and parts shortages 40 YEARS OF CALIAN#5454 54 Advanced Tech. - Business Description 53% 25% 22% Space Global leader in the provision of sophisticated ground-based solutions to the satellite industry for over 55 years. High availability, high reliability, high performance products and solutions allowing our customers to provide services, orchestrate services, test their capabilities using a combination of software, electronics and mechanical components. PRODUCTS • Satellite Communication Gateways including large aperture antennas Satellite/Space Communications products • • Space and ground asset command, control and test Broadcast solutions • Satellite Operations Terrestrial Provides solutions oriented to a variety of markets. Wired and terrestrial wireless products • • GNSS antennas and receivers Asset management Agriculture technology Nuclear and environment Composites structures designs and fabrication PRODUCTS • Advanced Cable Network products Precision GNSS location and timing antennas and receivers Asset management solutions • Crop storage monitoring Environment and nuclear SMR consulting Defence Defence engineering services, solutions and products. Usually in support of large defence prime contractors or government direct. We provide highly reliable aerospace and defense electronics, engineering and technical services PRODUCTS • Vetronics control modules • Vehicle electronics boxes, assemblies and harnesses • Staffing services for various departments of DND Surveillance and situation awareness including DRDC • ⚫ DND - Department of National Defence • DRDC -Defence Research and Development Canada We offer a broad set of agile engineering and manufacturing capabilities 40 YEARS OF CALIAN#55Advanced Tech. - Brands That Trust Us 55 Space Terrestrial Defence (((SiriusXM))) Intelsat ST Engineering HA DELTA XILINX. QINETIQ Electronics LOCKHEED MARTIN eesa DIRECTV dish NETWORK 'ublox M Raytheon Technologies Collins Aerospace CSA ASC الياه سات yahsat AMDA AIRBUS inmarsat BOEING ORBCOMM COBHAM ROHDE&SCHWARZ MAXLINEAR DRDC TEXTRON Systems KROTOS RDDC Canada LEONARDO DRS ⒸOXTS septentrio GENERAL DYNAMICS Land Systems Trimble Customers come to us when failure is not an option 40 YEARS OF CALIAN#56Advanced Tech. - Business Model 56 Contracts Customers E Space Terrestrial Number >100 >500 Size Geography Verticals Mixed Global Communications Satellite command and control • Defence Space exploration . Radio astronomy Defence Mixed Global mostly North American and Europe • • GNSS Terrestrial wireless Cable networks Agriculture Small modular reactors >10 Large defence primes Mostly North American and Europe • • Military vehicles components and assemblies Engineering and technical services Composite structures Length Varies Varies Varies dominated by long term products and services - Important • Inmarsat providing ground and software solutions for over 30 years • Rohde and Schwarz test equipment • - GDLS power control modules • • SXM - providing uplink delivery solutions for over 20 years • Remote PHY DOCSIS module construction BinSense/Fuel Lock products SaskPower SMR consulting • KIDDE fire detection and control • DRDC R&D support DRS Technologies - MSTAR radar Our deep subject matter expertise allows us to understand our customers' requirements and propose innovative solutions 40 YEARS OF CALIAN#5744 57 Advanced Tech. - Recent Acquisitions INTRA GRAIN technologies Inc. 识 SatService Gesellschaft für Kommunikationssysteme mb TALLYSMAN A Calian Company InterTronic Solutions Creating Solutions in Communications and Science Intragrain offers advanced tools to monitor grain and fuel storage SatService offers innovative engineering solutions and products for the satellite communications market Tallysman offers the widest range of precision and custom GNSS antennas InterTronic Solutions produces high performance antenna systems that maximize the user experience for Radio Astronomy, Radar, Electronic Warfare, Deep Space and Satellite Communication Tallysman is expected to have an organic CAGR of 20% over the next 3 years 40 YEARS OF CALIAN#58Advanced Tech. - Growth Focus & Competitive Advantages 58 Growth Focus Competitive Advantages 1. Provide antenna solutions to meet or exceed customer requirements at an attractive price 6. Support our customers from pre-sales engineering through to product end-of-life Collaborate with our customers to integrate our products into their solutions Help our customers select the best antenna product that meets their needs Maintain exceptional engineering staff capable of innovating and creating new products Ensure the quality of the products that we deliver Focus on the Terrestrial sub-segment, more specifically GNSS antennas 2. 3. 4. 5. The GNSS market is set to grow at a CAGR of 5% from 2021-2031 and AT expects to grow at a CAGR of 20% over the next 3 years. 40 YEARS OF CALIAN#59Learning - FY22 Snapshot ~1,375 Workforce 7% / 16% Organic / Acquisitive Growth 18% EBITDA % $154M $328M New Contract Signings Backlog 15% Global Defence 59 10% Commercial REVENUE SEGMENTATION Customers Geography Offering $92M 75% -10% 2022 Revenues Domestic Defence Commercial -15% International 4% Products Note: % may not add up due to rounding ~90% -85% 96% Government Canada Services Provides innovative learning solutions for complex training and delivery programs. for militaries, nations and organizations around the world 40 YEARS OF CALIAN#60Learning Financial Performance — Revenues (in millions of $) 62 62 63 58 75 92 Gross Profit & Margin (in millions of $, except margin) 23.3 Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 16.9 17.3 Simfront acquisition 12.4 11.9 12.5 12.5 25.4% 8.6 8.8 8.6 18.4% 23.2% 16.7% 19.9% 21.5% 14.8% 19.3% 14.0% 13.9% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Gross Profit Gross Margin 60 60 2018 2019 2020 2021 2022 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Driven by continued demand in the military learning and preparedness market 40 YEARS OF CALIAN#61Learning - Business Description 61 75% Domestic Defence 15% 10% Provides simulation-based training for the Canadian Armed Forces. This includes individual training for skills development and collective training to sustain readiness. • • Global Defence Provides a range of military training for NATO member countries, including scenario development, concept development, and delivery of complex exercises. Providing end-to-end training solutions, including design, development, delivery, and evaluation of training exercises Support after-action-review (AAR) of training, to understand the effectiveness of training . Developing a synthetic training environment for all participants • System-agnostic architecture, to allow any simulation system to connect into the synthetic environment . Immersive training solutions for individual competency development (VR/AR/MR/XR) • Operational applications for simulation-to-C2 and automate voice recognition Commercial Develops and delivers more engaging, efficient and cost-effective learning programs for companies. • Curriculum design and development • Facilitation and delivery • Immersive learning solutions • Learning strategy and consulting . Measurement and evaluation • Workforce development • Learning staff augmentation VCCI Virtual Command ⚫ and Control Interface AR/VR/MR/XR - Augmented Reality/Virtual Reality/Mixed Reality/Extended Reality 90% of the offering is delivering end-to-end military training and simulation solutions 40 YEARS OF CALIAN#62Learning - Brands That Trust Us THE ARMY SIMULATION CENTRE ALSC CSAAT The Army Learning Support Center: The Army Model for Canadian Forces "Alternative Training Delivery" & ("Content") Modernization LE CENTRE DE SIMULATION DE L'ARMÉE DE TERRE Une Armée, une équipe, une vision One Army, One Team, One Vision Eurocorps 62 62 ARMY ARMEE Joint Force Training Centre SCIENTIA A PRINCIP Hydro Ottawa CMHC SCHL ALLIED COMMA TRANSFORM FORMATION Joint Warfare Centre 起 Ministry of Defence National Défense Defence nationale Ministry of Defence UNIVERSITY of GUELPH Liberté Egalité Fraternité RÉPUBLIQUE FRANÇAISE MINISTÈRE DE LA DÉFENSE C CONESTOGA Connect Life and Learning Leveraging NATO relationships to gain new opportunities in Europe 40 YEARS OF CALIAN#6363 80 Contracts Customers Learning - Business Model Domestic Defence Number < 20 <20 Size Geography Verticals Large Canada . Defence Learning Innovation Interoperability Global Defence Commercial Medium and Large NATO, NATO Nations, Australia, Africa Defence Learning Innovation >25 Medium and Large organizations North America Government & Crown Corporations Trades Development Length Important • Medium term 3-5 years + option years • Canadian Army Simulation Centre (CASC) • Army Learning Support Centre (ALSC) Royal Military College (RMC) Military Personnel Generation (MPG) Canadian Forces School of Aerospace and Technology and Engineering (CFSATE) Interoperability Medium term 1-5 years + option years NATO Joint Warfare Centre 360 Training Environment NATO Allied Command Transformation Warfare Development Agenda NATO Allied Command Operations E3D and Key Leader Training Provisioning NATO with an Enhanced Wargaming Visualisation capability • Energy, Oil & Gas • Higher Education Regulatory Bodies Short term (3 months to 3 3 years) • A growing number of commercial customers Strong customer relationships resulting in multiple contract renewals 40 YEARS OF CALIAN#64Learning - Recent Acquisitions SIMFRONT TS INTERNATIONA COMPREHENSIVE TRAINING FOR THE REAL WORKO Specializes in training, simulation technologies and integrating platforms focused on strengthening decision-making, performance and readiness of tactical commanders and staff in new operating environments CTS is a Norway based training firm that develops and delivers complex training exercises for the Joint Warfare Centre (JWC) and the wider NATO audience across Europe CADENCE Cadence is a specialized professional training and consulting firm with operations across NATO and a focus on the Joint Forces Training Centre (JFTC) 64 ... These recent acquisitions have helped to expand our military training presence in Europe 40 YEARS OF CALIAN#65Learning - Growth Focus & Competitive Advantages Growth Focus Focus on Integrated Synthetic Training Environments (ISTE) to Global Defence market Competitive Advantages 1. We have experience and credibility 2. The only military training leader to provide end-to-end synthetic training solutions for high-readiness and collective training 3. Our solution is system-agnostic and interoperable with existing simulation tools and operational systems (VCCI) 65 59 4. 5. We use innovative technology and analytics to accelerate time to competency Respected as leaders in Enhanced Wargaming Capability and Next Generation Modelling and Simulation The industry is expected to grow by a CAGR of over 5% from 2022-2027 40 YEARS OF CALIAN#66Q2-23 Results EXIT#67Q2-23 Consolidated Results $147M Gross New Contract Signings $1.2B Backlog Revenues (in millions of $) 169 161 150 142 148 Gross Profit & Margin (in millions of $, except margin) 6% Organic Growth 13% Acquisitive Growth Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 52 19.1 50 46 45 16.8 16.1 40 30.9% 31.2% 30.3% 30.6% 28.1% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Gross Profit Q1-23 Gross Margin Q2-23 16.8 14.3 11.9% 11.8% 10.0% 10.7% 9.7% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. 19% revenue growth (Q2-23 vs Q2-22) and gross margin in excess of 30% for the 4th consecutive quarter 40 67 40 YEARS OF CALIAN#6868 Q2-23 ITCS $61M Gross New Contract Signings $110M Backlog 32 49 49 Revenues (in millions of $) 69 49 46 -4% Organic Growth 57% Acquisitive Growth Gross Profit & Margin (in millions of $, except margin) 25.1 19.3 Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 12.4 19.6 17.2 8.0 7.2 7.2 39.7% 5.5 10.6 39.6% 37.2% 36.5% 32.8% 18.0% 16.9% 16.3% 15.4% 14.7% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Gross Profit Q1-23 Gross Margin Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Driven by the acquisition of Computex & organic growth in overall cyber practice 40 YEARS OF CALIAN#6969 69 Q2-23 Health $25M Gross New Contract Signings Revenues (in millions of $) 45 40 39 40 40 $681M Backlog Gross Profit & Margin (in millions of $, except margin) -4% Organic Growth -% Acquisitive Growth Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 44 8.0 11.3 7.2 10.6 10.0 6.5 9.1 9.6 6.0 6.4 17.7% 16.4% 16.1% 15.9% 25.4% 24.2% 15.1% 25.0% 23.6% 22.9% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Gross Profit Q1-23 Gross Margin Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Adj. EBITDA Adj. EBITDA Margin 1) This is a non-GAAP measure. Please refer to the MD&A. Impacted by lower COVID-19 related business of $8 million, or 19%, over Q2-22 40 YEARS OF CALIAN#70Q2-23 Advanced Technologies $48M Gross New Contract Signings $157M Backlog 40 40 Revenues (in millions of $) 39 32 34 31 18% Organic Growth Gross Profit & Margin (in millions of $, except margin) -% Acquisitive Growth Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 47 13.7 11.9 5.7 11.2 11.2 5.5 5.3 10.2 4.5 4.4 34.6% 33.3% 29.3% 28.7% 14.8% 28.3% 12.1% 13.9% 13.5% 12.9% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Gross Profit Q1-23 Gross Margin Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Adj. EBITDA Adj. EBITDA Margin 70 70 1) This is a non-GAAP measure. Please refer to the MD&A. Driven by the ramping up of ground systems projects, increased Ag Tech product deliveries and ongoing robust demand for GNSS products 40 YEARS OF CALIAN#71Q2-23 Learning $13M Gross New Contract Signings $299M Backlog Revenues (in millions of $) 25 25 22 22 Q2-22 71 14 29 29 26 26 16% Organic Growth -% Acquisitive Growth Gross Profit & Margin (in millions of $, except margin) Adj. EBITDA¹ & Margin¹ (in millions of $, except margin) 5.4 5.4 8.2 6.8 6.6 4.2 4.2 5.9 21.6% 4.9 28.6% 3.0 18.9% 19.1% 27.4% 26.3% 15.8% 24.8% 13.7% 22.3% Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Gross Profit Q1-23 Gross Margin Q2-23 Q2-22 Q3-22 Q4-22 Adj. EBITDA Q1-23 Adj. EBITDA Margin Q2-23 1) This is a non-GAAP measure. Please refer to the MD&A. Driven by recent investments in technology and geographical diversification 40 YEARS OF CALIAN#72Q2-23 - Cash Flow 4.1 Working Capital (in millions of $) 8.0 +$6M 12.4 Q2-22 Q3-22 Q4-22 I 72 22 -16.4 Q1-23 Q2-23 Adj. EBITDA² (in millions of $) 19.1 16.8 16.1 -6.4 Q2-22 Q3-22 Q4-22 Operating Free Cash Flow (OCFC)1&2&3 (in millions of $, except margin) 14.1 13.1 12.1 16.8 10.7 10.2 85% 14.3 78% 74% 64% 63% Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 OFCF OFCF Conversion 2) This is a non-GAAP measure. Please refer to the MD&A. 1) OFCF CFO less capex and excluding working capital 2) OFCF Conversion = OFCF divided by adjusted EBITDA 3) This is a non-GAAP measure. Please refer to the MD&A. Our target is to end the fiscal year with +$20 million in working capital 40 YEARS OF CALIAN#73Q2-23 - Capital Deployment 73 48 Acquisitions (in millions of $) 6 4 3 3 Dividends Capex¹ (in millions of $) (in millions of $) 3 3 3 3 3 2 2 2 +$3M 2 1 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 I Q4-22 Q1-23 Q2-23 L 1) Capex Equipment and application software + Capitalized R&D We are looking to continue our track record of closing 2-3 acquisitions every year 40 YEARS OF CALIAN#74Q2-23- Balance Sheet 25 Total Debt (in millions of $) 8 8 80 59 Unused 59 credit facility Cash & Cash Equivalents (in millions of $) 51 43 Net Liquidity (in millions of $) 130 58 124 126 114 115 46 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 14 74 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 1) Net Liquidity= Unused portion of credit line + cash & cash equivalents Net cash position and ample liquidity to pursue growth 40 YEARS OF CALIAN#75FY23 - Guidance Reiterated 52 66 70-75 Adj. Net Profit¹ (in millions of $) 46-50 44 37 Revenues (in millions of $) Adj. EBITDA¹ (in millions of $) 630-680 582 518 432 52 343 37 32 75 2019 2020 2021 2022 2023E 27 24 2019 2020 2021 2022 2023E 1) This is a non-GAAP measure. Please refer to the MD&A. On track for another record year 24 24 19 2019 2020 2021 2022 1) This is a non-GAAP measure. Please refer to the MD&A. 2023E 40 YEARS OF CALIAN#76Why Invest in Calian? EXIT#7777 777 Investment Value Proposition 1 REVENUE DIVERSIFICATION 2 STRONG BALANCE SHEET 3 SUCCESSFUL M&A STRATEGY 4 EXPANDING MARGINS 5 POSTIVE TRENDS IN END MARKETS 6 HIGH FCF CONVERSION RATE 7 SOLID BACKLOG 8 FOCUS ON ORGANIC GROWTH 9 GROWING EQUITY INVESTMENTS 10 AMPLE DRY POWDER TO GROW Established Management Credibility 40 YEARS OF CALIAN#78CALIAN Thank you 3-4 s [email protected] 40 YEARS OF CALIAN