#1TeraGo Investor Presentation September 2021 Canada's Leading Nationwide Provider Of Enterprise Wireless Network, Cloud and Colocation Powered Solutions#2TeraGo Forward-Looking Information This presentation includes certain forward-looking statements that are made as of the date hereof and are based upon current expectations, which involve risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are made pursuant to the "safe harbour" provisions of, and are intended to be forward- looking statements under applicable Canadian securities laws. This presentation includes, but is not limited to, forward looking statements regarding TeraGo's growth strategy, provisioning of future services to Compusense and Ducks Unlimited, continued momentum in the business, ample access to capital, maintaining profitability and generating positive free cash flow, enhancing sales effectiveness, large multisite connectivity wins through channels, the Company's 5G technical and pilot trials in advance of launching a fixed wireless 5G business, and continuing to make significant progress with the 5G technical trials. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. When relying on forward-looking statements, whether written or oral, to make decisions with respect to the Company, investors and others should carefully consider the risks, uncertainties and assumptions, including the risk that TeraGo's growth strategy and strategic plan will not generate the result intended by management, future ISED decisions in upcoming Consultations being unfavourable to the Company, the technical 5G trial the Company is currently conducting may not generate the results intended, the lack of availability of suitable 5G radio equipment, the inability of the Company to successfully launch a 5G fixed wireless business, new market opportunities for 5G may not exist or require additional capital that may not be available to the Company, TeraGo's Pandemic Response Plan may not mitigate all impacts of COVID-19, the current COVID-19 pandemic becoming prolonged and having a material adverse impact on the Company and its operations and the 5G trials, and those risks set forth in the "Risk Factors" sections in each of the Company's annual MD&A for the year ended December 31, 2020 and the interim MD&A for the three and six-months ended June 30, 2021, which are available on www.sedar.com. All the forward-looking statements in this presentation are expressly qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences for the Company. Except as may be required by applicable Canadian securities laws the Company does not intend, and disclaims any obligation to update or revise any forward-looking statements, whether oral or written as a result of new information, future events or otherwise. 2#3TeraGo What We Do For Our Customers We provide customers with enterprise grade networking and IT infrastructure coupled with best-in-class solutions, managed services, and support across Canada. 50 10 Broadband TGO 50/10 KR KR Managed SD-WAN 8 Dedicated Internet T ΑΘΑ Private Networks Wireless Failover Managed Network Services PRODUCTS & MANAGED SERVICES TGO DDoS Protection Cloud Connect Managed Cloud Services CLOUD & COLOCATION INFRASTRUCTURE + Public Cloud Private Cloud 5 Geo-diverse Data Centres NATIONAL NETWORK INFRASTRUCTURE P 5G MMwave Spectrum Fibre, Cable, DSL Fixed Wireless Office 365 T Backup for Office 365 TGO Object Storage Backup & Restore Colocation Services Managed DRaaS Infrastructure as a Service 3#4TeraGo Our Customers Enterprise & Mid Market Organizations EY RAYMOND JAMES® CI Financial Ontario MINISTRY OF TRANSPORTATION KINDER MORGAN AECOM GGREEN FOR LIFE INC. environmental PCL CONSTRUCTION LAURIER FedEx M MAGNA gtt Inspiring Lives! ◇ Compusense. Ducks Unlimited ROGERS. IBM Canada THE Boyd KALTIRE GROUP THE HOME DEPOT Sobeys McCain lululemon CANADIAN TIRE $100M to $5B+ in annual revenue 51-1000 employees Modest IT infrastructure, budgets, staff, resources Multi-location ☐ Multiple decision makers Vertical Markets Retail Manufacturing Logistics Energy Financial Services Education Government Tech Services/SaaS Professional Services 4 TeraGo Moving IT Forward#5TeraGo Why Customers Partner With Us 5 Our customers want to focus on their core business priorities, not running IT. Tera Go's industry leading solutions, services, and support enable IT teams to focus on things that are important to them. Net Promoter Score How our customers feel about our managed services and support: IBM 27 TELUS -2 TM 79 79 ROGERS -6 rackspace technology. 47 It was important for us to work with a leading Canadian managed service provider who could meet our migration timelines and diverse set of requirements. We are excited to partner with TeraGo who was quick to engineer an end-to-end solution that addressed all of our challenges. Karen Phipps, President May 2021 Compusense. TeraGo Moving IT Forward#6TeraGo Case Studies 6 Compusense END-TO-END PRIVATE CLOUD SOLUTION TeraGo's Private Cloud, powered by VMware's virtualization technology, has made this an ideal end-to-end solution for Compusense since it is built for resource-intensive cloud workloads and single-tenant infrastructure. It was important for us to work with a leading Canadian managed service provider who could meet our migration timelines and diverse set of requirements. We are excited to partner with TeraGo who was quick to engineer an end-to-end solution that addressed all of our challenges." Karen Phipps, President May 2021#7TeraGo Case Studies 7 Ducks Unlimited Canada END-TO-END SD-WAN SOLUTION TeraGo's Managed SD-WAN offers DUC the flexible visibility and granular reporting they require for their 30 locations. From network design through deployment, TeraGo's project managers will help simplify the transition to SD-WAN enabling them with improved turnover time and excellent customer support. We are pleased to work with TeraGo on their SD-WAN solution to generate deeper visibility and networking analytics for our numerous locations. We pride ourselves on working with great partners like TeraGo who are recognized for delivering exceptional IT solutions in Canada and abroad. " Raj Perumal Chief Information Officer May 2021#8TeraGo TeraGo at a Glance Proudly Canadian, we own and operate fixed wireless networks, data centres and cloud deployments across Canada. We support our customers with services delivered from two 24x7 Network Operations Centres that are geographically diverse. 20+ Years in Business TGO Public & Private Cloud National Wireless & Fibre Network Managed 5G Canada's Largest Holder of mmWave Spectrum Cloud Services Managed Network Services 5 Geo-Diverse Data Centres TSX Traded on the Toronto Stock Exchange 8 TeraGo Moving IT Forward#9TeraGo Largest Holder of mmWave Spectrum in Canada Coverage includes 2,210 MHz of Canada's 6 largest cities and 10M households or ~24M Canadians ~9.1 B MHz-Pops Spectrum Coverage Map 24 GHz (14 of 20 licenses issued) Edmonton Vancouver Victoria Calgary Okanagan Ottawa Barrie Montreal Toronto Spectrum Coverage Map 38 GHz (25 of 27 licenses issued) Red Deer Winnipeg Calgary Victoria Barrie London Windsor Kingston Niagara 200 600 600 Licenses from 100-199 MHz Licenses from 200-299 MHz Licenses over 300 MHz 9 600 600 15 Metropolitan Markets >2/3 24 GHz 38 GHz 400 400 400 400 200 160 400 160 100 400 200 200 400 Canada's Population Toronto Montreal Vancouver 2,659 1,682 1,074 Ottawa 577 Calgary 500 Barrie 404 Okanagan Edmonton 249 234 MHz-PoPs Niagara 221 Victoria 216 Winnipeg 207 London 166 Windsor 156 Red Deer 144 Kingston 106 (mm)#10TeraGo 5G Fixed Wireless Ready Footprint mmWave Spectrum Market Share in Canada (based on MHz-PoPs) TeraGo's mmWave assets have scarcity value and provide a time to market advantage 24 GHz Bell 5% TeraGo 95% TeraGo Fixed Wireless Footprint Prince Albert, SK Grande Prairie, AB Edmonton, AB *Red Deer, AB Kelowna, BC Calgary, AB Vancouver, BC Winnipeg, MB Victoria, BC Existing rooftop deployment Ottawa, ON Toronto, ON Montreal, QC Total Sites: 600+ 38 GHz Xplornet. 0.5% Telus 0.5% TeraGo 99% Total Bell Telus 4% 4% Fixed Wireless Sites by Key Market 187 111 73 66 99 19 61 53 Greater Toronto Area Calgary Vancouver Edmonton SW Ontario Other TeraGo 92% Xplornet 0.1% 10#11TeraGo Market For 5G Private Networks In Canada $M Vertical Market 1 Vertical Market 2 Vertical Market 3 Other Verticals +34% 272 201 149 111 83 63 367 498 680 45 53 65 2020 2021 2022 2023 2024 2025 2026 2027 2028 Top 2 verticals 19 25 34 46 63 86 118 161 221 Notes: "IT and telecommunication" vertical excluded from overall market estimation Source: AMR Market Research and TeraGo market data and analysis 11#12TeraGo TGO Investment Highlights Enterprise-Class Cloud, Colocation, and Connectivity One of Canada's Largest Holders of Millimetre Wave Spectrum 5G A Clear Growth Opportunity in 5G Fixed Wireless Access Financial Strength to Fund Growth Strategy Experienced Management Team Committed to Value Creation 12#13TeraGo Capital Markets Snapshot Stock symbol Shares outstanding Key Stats Financials 13 TSX: TGO TTM at June 30, 2021 Revenue $43.9 million 19.6 million TTM at June 30, 2021 EBITDA $14.1 million Price at August 6, 2021 $5.35 Total cash and access to credit $14.3 million 52-week low/high $5.00 / $7.49 Long-term debt $22.0 million Enterprise Value ("EV") $157.6 million Operating Leverage 3.2#14TeraGo In a world that's constantly evolving, we're the team you can count on to deliver results. TeraGo uncomplicates the complicated, puts a friendly face on technology and makes doing business a pleasure. Together, there's no limit to where we can go. Investor Relations Matt Glover and John Yi Gateway Investor Relations Telephone: 949-574-3860 Email: [email protected]