PCTEL : Investor Presentation – August 8, 2023

ENABLING CONNECTIVITY

• pctel.com
• Nasdaq: PCTI

Forward-Looking Statements

This presentation contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding our three-prong growth strategy; our future financial performance; growth of our antenna solutions and Industrial Internet of Things business and our test & measurement business; our ability to continue to innovate new products and to expand product lines; the impact of economic conditions; and the anticipated demand for certain products are forward looking statements. These statements are based on management's current expectations, and actual results may differ materially as a result of various risks and uncertainties. These risks and uncertainties include, among others:

• The impact of adverse and uncertain economic and political conditions within and outside the U.S., including inflationary pressures, higher interest rates, economic downturn, the potential for a recession, and the ongoing war in Ukraine;
• Customer demand and growth generally in our defined market segments;
• Our ability to successfully implement our three-prong growth strategy and to grow our business and create, protect and implement new technologies and solutions;
• Our ability to develop and successfully introduce new and enhanced products that meet our customers' needs, particularly in the industrial IoT and 5G environments; and
• the impact of tariffs on certain imports from China.

These and other risks and uncertainties are detailed in the filings of PCTEL with the SEC. The "forward-looking statements" contained in this presentation are made only as of this date, and PCTEL disclaims any obligation to update or revise them, including the financial projections.

PCTEL presents Non-GAAP financial measures. See PCTEL's quarterly earnings press releases for the reconciliation of GAAP to Non- GAAP financial measures.

2 PCTEL®, Inc. | Nasdaq: PCTI

We Solve Complex Wireless Challenges

TECHNOLOGY LEADERSHIP

• 25+ years of leadership solving complex RF challenges
• Experienced management team who respect and appreciate their employees
• Recognized engineering expertise with over 130 patents

EXPANDING MARKETS

• Expanding addressable target market and customer base driven by IIoT applications, 5G, intelligent transportation and enterprise wireless
• Increasing RF complexity presents significant need for PCTEL's products across targeted vertical markets which support long-term revenue growth

FINANCIAL STRENGTH

• Strong balance sheet with no debt and $33.6M in cash supporting growth priorities
• Healthy Free Cash Flow
• Dividend yield of 4.67%1
• Distributed $43M to shareholders from 2016 - 2023

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1Based on stock price on August 4, 2023

Company Profile

Nasdaq: PCTI		200+	18.8M / 9%			2022 Key Metrics
		•	Adjusted EBITDA: $10.7 Million
	~$90M*				•	Revenue: $99.4 Million
Founded 1994,	PCTEL	Weighted Shares /		• Full Year Diluted Non-GAAP EPS: $0.41
Market		•	Gross Margin: 46.0%
Headquartered in	Employees	Management
Capitalization		• Free Cash Flow: $3.3 Million
Bloomingdale, IL	Globally	Ownership
			•	Annual Dividend (Yield): $0.22 (~4.67%)

Product Portfolio:

ANTENNAS	INDUSTRIAL	TEST &
	IOT	MEASUREMENT
Connecting people, networks, and	Serve enterprise-class IT operations,	Testing tools leveraged to plan,
devices wirelessly, on a world-wide	improving workforce productivity and	deploy and optimize the performance
basis	safety while optimizing	of wireless networks
	cost-effectiveness

4 * Corporate Data as of August 4, 2023

Three-Pronged Growth Strategy

Launch Innovative Products

• Respond rapidly to market trends and demand and launch new Industrial IoT Devices, Antennas and Test & Measurement offerings

LaunchExpand

Innovative Distribution

Products Channels

Expand Distribution Channels

• Focus on key distributors which align with our targeted product groups; Industrial IoT Devices, Antennas and Test & Measurement

Increase Market

Share

Increase Market Share

• Expand into new markets and leverage existing customer relationships to provide access points, sensors, and other Industrial IoT products

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