AutoCanada : Q2 2021 Investor Presentation

AUTOCANADA

INVESTOR PRESENTATION

AUGUST 2021

Forward-Looking Statements

Forward-Looking Statement

Certain information contained in this presentation is forward-looking information within the meaning of applicable Canadian securities legislation. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on current belief or assumptions of AutoCanada Inc. ("AutoCanada" or the "Company") as to the outcome and timing of such future events. In particular, forward-looking statements in this presentation include, but are not limited to, references to: the operations and performance of the Company; the Company's milestones, key priorities and future intentions and results of the Go Forward Plan; the financial results and financial condition of the Company; the Company's future sales revenue and profitability; the Company's general strategic and growth strategies, including with respect to the Used Digital Retail Strategy; the market and expected developments in the retail automotive industry; and the potential continued impacts of the coronavirus (COVID-19) pandemic on the Company's business operations. Although the Company believes that the expectations reflected by the forward-looking statements presented in this presentation are reasonable, these statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Actual future results may differ materially. The annual information form for the year ended December 31, 2020 and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Non-GAAP Measures

This presentation contains certain financial measures that do not have any standardized meaning prescribed by Canadian generally accepted accounting principles ("GAAP"). Therefore, these financial measures may not be comparable to similar measures presented by other issuers. Investors are cautioned these measures should not be construed as an alternative to net earnings (loss) or to cash provided by (used in) operating, investing, and financing activities determined in accordance with Canadian GAAP, as indicators of the Company's performance. The Company provides these measures to assist investors in determining its ability to generate earnings and cash provided by (used in) operating activities and to provide additional information on how these cash resources are used. The following "Non-GAAP Measures" are defined in the Company's annual MD&A: Adjusted EBITDA, Free Cash Flow and Net Indebtedness.

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AutoCanada Overview

A Leading North American Multi-Location Automobile Dealership Group

• One of Canada's largest multi-location automobile dealership groups with ~4,000 employees
• Only publicly listed auto dealership group in Canada (TSX:ACQ)
• Attractive mix of luxury, domestic, and import brands
• Geographically diversified across 8 provinces in Canada and a group in Illinois, U.S.
• Five inter-related business operations:

1. New Vehicle Sales o Used Vehicle Sales o Parts and Service o Collision Repair
   o Finance & Insurance (F&I)

At a Glance1

49	17
Franchises in Canada	Franchises in Illinois, U.S.
27	795K
Automotive Brands	Service & collision repair
	orders

41K	39K
New vehicles sold	Used vehicles sold
	+40% YoY
$4.1B	$219M
Revenue	Adjusted EBITDA

1For TTM Q2 2021

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Investment Highlights

Large and Highly
Fragmented Canadian	Resilient	Strong Stewards
Market with Significant	Business Model	of Capital
Consolidation Opportunities

Accelerated Growth Through Complete Business Model

Significant	Experienced	First Mover Advantage
Organic Growth	Leadership	with Canadian Digital
Opportunities	Team	Retail Platform

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