Points International : Investor Presentation

Points

(NASDAQ:PCOM | TSX:PTS)

Investor Update

January 2022

SAFE HARBOUR

This presentation contains or incorporates forward-looking statements within the meaning of United States securities legislation, and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements"). These forward-looking statements include or relate to but are not limited to, among other things, plans we have implemented in response to the COVID-19 pandemic and its expected impact on us (including with respect to: cost saving measures that have been implemented, our capitalization and our ability to deliver on our long-term goals), our financial performance, our growth strategies (including our ability to grow the number of loyalty program partners, cross-selling existing partners, and retain and grow existing loyalty program partner deployments), our business pipeline and ability to sign and launch new loyalty program partnerships, and our beliefs on the long-term sustainability of the loyalty industry and the ability of our partners to leverage the products and services we offer in advance of an economic recovery, the role of the loyalty industry in the recovery of the travel industry, the competitive environment in which we operate, other objectives, strategic plans and business development goals, and may also include other statements that are predictive in nature, or that depend upon or refer to future events or conditions.

Although Points believes the expectations reflected in such forward-looking statements are reasonable, such statements are not guarantees of future performance and are subject to important risks and uncertainties that are difficult to predict. Undue reliance should not be placed on such statements. Certain material assumptions or estimates are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in the forward-looking statements. In particular, the outlooks herein assume we will be able to maintain our existing contractual relationships and products, that we will be able to generate new business from our pipeline at expected margins, in-market and newly launched products and services will perform in a manner consistent with past experience and we will be able to contain our costs. Our ability to convert our pipeline of prospective partners and product launches is subject to significant risk and there can be no assurance that we will launch new partners or new products with existing partners as expected or planned, nor can there be any assurance that we will be successful in maintaining our existing contractual relationships or maintaining existing products with existing partners. Other important assumptions, factors, risks and uncertainties that could cause actual results to differ materially are discussed in our annual information form, Form-40-F, annual and interim management's discussion and analysis, and annual and interim financial statements and the notes thereto. These documents are available at www.sedar.com and www.sec.gov.

The forward-looking statements contained in this presentation are made as at the date of this presentation and, accordingly, are subject to change after such date. Except as required by law, Points does not undertake any obligation to update or revise any forward-looking statements made or incorporated in this presentation, whether as a result of new information, future events or otherwise.

We are a loyalty technology company

powering accrual and redemption services

for the global loyalty industry.

Founded:	NASDAQ:PCOM		Employees:
2000			~275
	TSX:PTS

TORONTO (HQ) | San Francisco | London | Dubai | Singapore

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Trusted Partner to the Loyalty Industry

North

America

50%

South

America

4%

Partnered with

~60 leading

loyalty programs

Partners by Vertical

																							59%
					EMEA
		35%
												APAC
								11%
																			20%						21%
Partners by Region							Services
						/ Other

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Loyalty: Massive Global Industry & Economic Engine for Travel Providers

		Significant Source of High		… And Not Just About Travel
		Margin Revenue ...
		+$50B			+60%
	value of points/ miles issued and sold				of points/miles are
	by North American loyalty programs				bought by 3rd parties

"

" -

"SEC Filing shows American Airlines Loses Money Flying - All Profit

Airlines Make More Money Selling Miles Than Seats

Comes From Frequent Flyer Miles

" - Skift

Bloomberg

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Industry Dynamics during Covid-19

Loyalty Programs have been instrumental in helping travel operators weather the pandemic

Vital Source of Liquidity

+$25B

of debt secured against the loyalty program cash flows of 4 US carriers during the pandemic

"United Airlines Secures $5Bn Financing via Loyalty Program Backstop"

"How Loyalty Programs are Saving Airlines"

"Loyalty programmes help rescue their airline owners"

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