PCTEL : Investor Presentation – September 13, 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;
• Customer inventory and supply chain matters;
• 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.

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
• Highly-regardedmanagement team with decades of industry-specific experience
• Recognized engineering expertise with over 130 patents

EXPANDING MARKETS

• Expanding addressable target market and customer base driven by IIoT applications, 5G, intelligent transportation, electric vehicles, 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 5.15%1
• Distributed $43M to shareholders from 2016 - 2023

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1Based on stock price on September 5, 2023

Company Profile

Nasdaq: PCTI		200+	18.8M / 9%			2022 Key Metrics
		•	Adjusted EBITDA: $10.7 Million
	~$82M*				•	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 September 5, 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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