Investor Presentation FEBRUARY 2020 Forward looking Certain - - PowerPoint PPT Presentation

Investor Presentation

FEBRUARY 2020

Forward looking statements

Certain information regarding mCloud Technologies Corp. (hereinafter referred to as the “Company”), including management’s assessment of the Company’s future plans, operations, and acquisitions contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and general economic conditions, industry conditions, government regulations, currency fluctuations, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and accordingly there can be no assurance that such expectations will be realized and or what benefits the Company will derive therefrom. The Company disclaims any intention or

• bligation to update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise. Certain information about comparable companies set forth in this document was obtained from free data providers and the Company has not confirmed the accuracy of such third party disclosure and as a result such disclosure may contain unknown risks, uncertainties, and may not be current. Given the risks, uncertainties and assumptions inherent in the forward-looking statements, prospective investors should not place undue reliance on the forward-looking statements in this presentation. General Disclaimer This presentation does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. The sole purpose of this presentation, in paper or electronic form, is strictly for

• information. Please consult your financial advisor before making any investment decisions.

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mCloud is creating a more efficient future.

Our leadership team

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Russ McMeekin Co-Founder, President & CEO Costantino Lanza Co-Founder, Chief Growth & Revenue Officer Barry Po, Ph.D. President, Smart Facilities & Chief Marketing Officer Chantal Schutz, CPA, CA Chief Financial Officer Michael Sicuro Co-Founder, Chief Investment Officer & Non-Executive Chairman Ian Russell Independent Director Mike Allman Independent Director Betsy MacLean Independent Director Laurie Watters VP, Talent Development Travis Meredith VP, Business Planning

Using AI, we are solving the world’s most challenging energy problems:

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Curbing energy waste Maximizing energy production Extending the lifespan of critical energy infrastructure

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Our AssetCare™ platform is how we do it:

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is complexity made simple.

Our formula: Data + Context + AI = Optimal Action Optimal Action = Customer Value

Three vertical segments. One common platform. Ten million immediately connectable assets.

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Smart Energy (e.g. Wind) Wind turbines Transformers Smart Process (e.g. Oil & Gas) Critical controls Gas compressors Smart Facilities (e.g. Retail) HVAC units Zone lighting

Commercial Software-as-a- Service (SaaS) business model.

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Annual recurring revenue (ARR) per asset

annual revenues

Simple subscription-based pricing combined with zero CAPEX makes AssetCare an easy buying decision. Total number

• f connected

assets

X

=

AssetCare at work:

Bank of America

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mCloud delivers AssetCare to 3,300 buildings operated by Bank of America, connecting to over 8,000 HVAC units in their portfolio.

AI improves customer comfort and energy efficiency.

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BOTTOM LINE

AssetCare enables Bank of America to save 12% in their annual energy costs,

• v
• ver C$40M every year.

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HVAC units continuously monitored for performance issues Facility managers instantly notified when a building experiences an issue Energy and maintenance insights available via AssetCare

• n-demand

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creates a more sustainable future with AI driven energy efficiency

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12 tons 1.4 million >80,000 tons

Amount of CO2 reduced per Quick Service Restaurant Same CO2 used to charge this many smartphones annually Amount of CO2 reduced annually across the mCloud portfolio

Example: every Quick Service Restaurant (QSR) we connect saves an average of 15% in energy annually.

Investment Highlights

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drives growth

All figures in C$

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Three-Year Growth

2018 2019 2020 Total Revenues GM (%) Normalized Income Connected Assets ~$3M $42M $70M – 80M

Pro-forma*

• $4.1M

$2.5M $11.5M – 14.0M 69% 50% 55% – 60% 28,000 41,000 70,000 – 85,000

* 2019 pro-forma revenues adjusted for timing associated with the close of acquisitions. Projected Unadjusted

Recently announced

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~C$1.2M in contracts ~C$3-5M post-close 2020 revenue

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Key Facts and Figures

Current Base Shares Fully Diluted Shares Cash Employees ~20M C$13M ~31M 300 Structure by the numbers

Including C$23M debenture Closed in January 2020

Major Presence 12 offices in 5 countries Share Inside Ownership ~8M Including founders from acquired businesses

Five-year growth horizon

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500,000

C$400M C$2B

connected assets in annual revenues market cap potential

70%

in recurring SaaS business

TSXV: MCLD, MCLD.DB OTC: MCLDF Address 550-510 Burrard St., Vancouver, B.C. Canada V6C 3A8 Email ir@mcloudcorp.com mcloudcorp.com