Investor Presentaiton

Optimizing 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

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