Lindblad Investor Presentation Deck

O III. SOLIDIFIES OUR POSITION AS THE LEADER IN EXPEDITION CRUISE AND PROVIDES LONG-TERM STABILITY Expedition Destinations and Navigation ◆ Pioneered civilian polar tourism by bringing the first group of non-scientists to Antarctica in 1966 ◆ Established the first civilian tourist expedition program in the Galápagos and hired the first rangers ◆ Founding member of IAATO and AECO, instrumental in the establishment and charter writing of both organizations ◆ Completed the earliest ever transit of the Northwest Passage by expedition voyage in summer 2022, beating the previous record ◆ First expedition company to travel to Peter I Island in 50 years ◆ Pioneered the use of MUD mapping and crowd-sourced sounding of remote areas to map safe channels for polar navigation, improving speed and safety of navigation for all polar travelers ◆ First to develop and implement dynamic risk assessment standards and protocols in the polar regions ◆ Pioneered expedition travel to Easter Island and first passenger ship to return since the onset of Covid Environmental Sustainability and Conservation ◆ First to operate travel programs rooted in conservation and responsible tourism (what has since been named "ecotourism" of which Lars-Eric Lindblad is considered the father) ◆ First member of GreenMarine North America * Only expedition company jointly developing conservation and education program(s) with National Geographic Society to give a lift to the urgent and critical issues of our time on a global platform ◆ First to develop and offer a shipboard sustainable seafood program for travelers ◆ First to work toward single-use plastic elimination ◆ First to become a self-disinfecting fleet by utilizing ACT CleanCoat Purity™ system ◆ Published first and only guides created specifically for travel advisors to educate clients about sustainability ◆ First adopter of Green Benefits, an HR program designed to support and facilitate employees taking personal climate action ◆ First experiential, shipboard model to engage with conservation- minded travelers to create positive impact on explored places, people and wildlife ◆ First and only ship-based professional development program for Pre-K-12 educators offered by National Geographic Education Ship and On-Board Capabilities, Technology and Innovation ◆ First company to launch PC5 polar class ships for civilian expedition ◆ First expedition vessels with polar shipboard broadcast centers ◆ First floating platform available to National Geographic Society year-round for transporting explorers and scientists to and from fieldwork and research sites around the globe Pioneered polar kayaking Pioneered undersea program including polar divers, remotely operated vehicles, video microscopes and hydrophones ◆ First mass audience broadcast from Antarctica and from the Galápagos with Good Morning America aboard the National Geographic Endurance and National Geographic Endeavour II 11

View entire presentation