CalAmp : IR Presentation – June 2022

Investor Presentation

June 1, 2022

ForwardLookingStatements

This presentation may contain forward-looking statements that are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe our business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financial performance, including, without limitation, the long-term growth of our revenue and gross margin. The words "may," "will," "expect," "plan," "anticipate," "could," "intend," "target," "project," "estimate," believe," "predict," "potential" or "continue" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect future results include any risks associated with global political and economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the ongoing and resurgent coronavirus (COVID-19) pandemic; global component supply shortages due to ongoing supply chain constraints; disruptions in sales, operations, relationships with customers, suppliers, employees, and consumers given our decision to sell our LoJack U.S. operations to Spireon; our ability to successfully and timely accomplish our transformation to a SaaS company; our transition out of the automotive vehicle financing business; competitive pressures; pricing declines; demand for our telematics products; rates of growth in our target markets; prolonged disruptions of our contract manufacturers' facilities or other significant operations; force majeure or force-majeure-like events at our contract manufacturers' facilities; the ongoing diversification of our global supply chain; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to improve gross margin; cost-containment measures; legislative, trade, tariff, and regulatory actions; integration, unexpected charges or expenses in connection with our acquisitions; the impact of legal proceedings and compliance risks; implementation of our new ERP system; the impact on our business and reputation from information technology system failures or a breach from cybersecurity attacks, network disruptions or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection and privacy; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product and warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into which our products are designed; and other events and trends on a national, regional and global scale, including those of a political, economic, business, competitive, and regulatory nature. Any forward-looking statement is based on current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that anticipated results will be achieved. More information on factors that could cause actual results to differ materially from those anticipated is included in the Risk Factors section in our most recently filed periodic reports on Form 10-K and Form 10-Q , and other documents filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this presentation speak only as of the date hereof, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Agenda

• Overview of CalAmp Vision and Strategy
• Business Transformation Overview and Update
• Overview of Products and Solutions
• Product Roadmap
• Sales Strategy
• Financial Overview
• Case Studies

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CalAmp is a Global Leader in Connected Intelligence

Helping People and Businesses Work Smarter

Track, monitor and recover vital assets with real-time visibility and actionable insights

Installed base of more than 10M devices monitoring mobile assets around the world

Global operations with a flexible and diversified outsourced manufacturing model

Telematics leader with

30+ years of experience and strong intellectual property

Secure and scalable Telematics Platform to collect and analyze data for all customers

Innovative and configurable software applications and solutions for key market verticals

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CalAmp is Poised to Scale and Increase Profitability Through the Conversion of Its Installed Base and the Acceleration of Organic SaaS Growth

Nasdaq: CAMP	Revenue ($M)
Irvine, CA headquarters
$321	$309	$296
$68M in total revenue in the Fourth Quarter, FY22
~ includes approximately 31% in international revenue
$198	$179	$142

Software and Subscriptions Services (S&SS) revenue reached 60% of consolidated revenue in Fourth Quarter, FY22

S&SS revenue growth achieved a 27% CAGR over past 3				$130			$154
years	$123
~$200M in core S&SS Remaining Performance Obligations
FY20	FY21	FY22
(RPO) as of FY22 end
~46% growth year-over-year			SaaS			Telematics
			Fiscal Year ends February 28th

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