CAE Financial and Business Overview

DEFENCE & SECURITY Transaction summary: L3Harris technologies' military training ◉ All-cash purchase price of US$1.05 billion (C$1.35B) Transaction Consideration Financial Highlights ■ ~13.5x 2020 Adjusted EBITDA of L3Harris Military Training*, or ~10.0x including expected run-rate cost synergies (~C$35-$45M or approximately US$28-$35M) ■ L3Harris Military Training estimated revenue of approximately US$500M in 2020 Expected to be immediately accretive to D&S' operating profit and EBITDA margin* on operational efficiencies ■ ~C$35-45M (approximately US$28-$35M) of run-rate cost synergies, expected to be mostly realized by the end of Year 2 post-closing - quantified and reasonably achievable ■ Low-teens % EPS accretion expected in first full year post-close, including cost synergies ◉ Expect incremental growth from new business opportunities due to broadened scope and capabilities Anticipated Timing ■ Anticipated closing in the second half of calendar year 2021, subject to regulatory approvals * Non-GAAP and other financial measures (see Appendix) 23 CAE Inc. Proprietary Information and/or Confidential CAE

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