Lindblad Investor Presentation Deck

Lindblad Expeditions Why Classic Journeys 1. Strong, trusted, affluent brand that is complementary to Lindblad Growth of walking as an activity JOURNEYS Significant cross-selling opportunities throughout Lindblad platform Limited companies of scale in the walking tours space Opportunity to create hybrid itineraries with other owned brands (e.g. sail / walk, bike / walk) Experienced team led by Edward & Susie Piegza, with a retained ownership interest Small and private group trips are perfect for post-COVID travel recovery Strong presence in multi-generational travel 12

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