Slides
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In collaboration with Ventum Capital Markets October 7, 2025 Defence Webinar
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Caution Regarding Forward Looking Statements 2© 2025 Calian Group Ltd. Certain information included in this document is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
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Calian - Defence Solutions Offering 3© 2025 Calian Group Ltd. Health Training & Simulation Space & Terrestrial Communications & Connectivity Solutions Digital Solutions Cybersecurity Solutions Healthcare Solutions Custom Manufacturing Operational Readiness Portfolio
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4© 2025 Calian Group Ltd. Calian - Defence Industry Exposure ~$1B Defence Backlog ~50% Total Revenues LTM Q3-25: $373M in defence revenues 185 228 236 271 330 373 2020 2021 2022 2023 2024 LTM Q3-25 Annual Defence Revenues (in millions of $)
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Defence Landscape is Evolving Quickly 5© 2025 Calian Group Ltd.
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6© 2025 Calian Group Ltd. Military Recruitment: will benefit Calian’s health and training contracts (Canada is short ~15,000 people) Northern Modernization: will benefit Calian’s satellite communications products and services and health services with AMS Capital Projects: will benefit Calian’s defence manufacturing facilities in Canada as our facilities are already pre-approved Industrial and Technological Benefits (ITB): will facilitate Calian to build strategic partnerships with OEMs and in the context of re-arm Europe Acquisitions/Partnerships/Ventures: will benefit by scaling small and mid-sized companies seeking to contribute to our nation’s aggressive defence agenda Calian – Specific Defence Opportunities
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7© 2025 Calian Group Ltd. Calian - Recent Acquisition of InField Scientific Financial Highlights Strategic Rationale • Strengthens relationships with Royal Canadian Navy and Lockheed Martin • Participate on the Canadian Surface Combatant (CSC) to build 15 new River Class Destroyers over the next decade • Expands our secure communications service offering into defence and mission-critical customers • Provides geographic expansion into additional international defence markets (New Zealand & Australia) • Positions Calian for future naval opportunities $11M Purchase Price Upfront $2.2M Earnout <$5M Revenues ~5.0x Multiple Upfront
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8© 2025 Calian Group Ltd. 1. Procurement complexity, pace and competition 2. Budget constraints and shifting priorities 3. Technology evolution and investment needs 4. Workforce shortages 5. Sovereignty is on the rise and changing alliances Challenges in the Defence Industry
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9© 2025 Calian Group Ltd. Calian - Competitive Advantages 1. Track record of delivery 2. Access to a national network of professionals (veterans and health care providers) 3. Ability to scale nationally (training and healthcare) 4. Ability to deliver one-stop-shop in training and healthcare 5. Pre-approved manufacturing facilities 6. Access to technology such as VCCI 7. Footprint in key strategic areas such as Europe and the Canadian North 8. $1 Billion backlog in defence
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© 2025 Calian Group Ltd. 10 Next Step: Canadian Federal Budget Announcement on November 4, 2025
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11© 2024 Calian Group Ltd. Director, Investor Relations ir@calian.com Jennifer McCaughey, CFA, F.CIRI