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Investor Presentation January 15, 2025
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© 2025 Haivision Confidential Disclaimer GENERAL This presentation is strictly intended to provide general information about Haivision Systems Inc. (the “Company”, “Haivision”, “us” or “we”) and its business. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities of Haivision. Information appearing in this presentation is a select summary of our business, operations and results. Our latest annual information form and consolidated financial statements and management’s discussion and analysis thereon is available under our profile on SEDAR+ at www.sedarplus.ca. Any graphs, tables or other information demonstrating our historical performance contained in this presentation are intended only to illustrate past performance and are not necessarily indicative of our future performance. The information contained in this presentation is accurate only as of the date of this presentation or the date indicated. All references in this presentation to dollars and “$” are to Canadian dollars and all references to “US$” are to United States dollars. CAUTIONARY NOTE REGARDING FORWARD -LOOKING INFORMATION This presentation contains “forward-looking information” within the meaning of applicable securities laws. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, those described under “Risk Factors” in our most recent annual information, and in other periodic filings we have made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under our SEDAR profile at www.sedar.com. Forward- looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained in this presentation is based upon what we believe are reasonable assumptions, you are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information. Consequently, all of the forward-looking information contained in this presentation is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this presentation is provided as of the date of this presentation, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law. NON-IFRS MEASURES Haivision’s consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) Accounting Standard. In this presentation, as a complement to results provided in accordance with IFRS, we disclose and discuss certain non-IFRS financial measures and non-IFRS ratios (collectively, “non-IFRS measures”), including Gross Margin, Adjusted EBITDA and Adjusted EBITDA Margin, as well as other measures discussed elsewhere in this presentation. These non-IFRS measures are not defined by IFRS and do not have a standardized meaning under IFRS . Our method of calculating these non-IFRS measures may differ from other issuers and may not be comparable with similar measures presented by other issuers. We have presented such non-IFRS measures as management believes they are relevant measures of our underlying operating and financial performance. For information on the most directly comparable IFRS measures, composition of the non-IFRS measures, a description of how we use these measures, an explanation of how these measures provide useful information to investors, and as applicable a reconciliation of the non-IFRS measures (including a reconciliation of Adjusted EBITDA to net income (loss), its most directly comparable IFRS measure), refer to the “Non-IFRS Measures” section of our management’s discussion and analysis for the three months and full year ended October 31, 2024, dated January 15, 2025, available on Haivision’s SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this presentation. Non-IFRS measures should not be considered as alternatives to net income (loss) or comparable metrics determined in accordance with IFRS Accounting Standards as indicators of our performance and profitability. TRADEMARKS This presentation includes certain trademarks we own or have the right to use, including Haivision, Makito and SRT, which are protected under applicable intellectual property laws and are our property. Solely for convenience, our trademarks and trade names referred to in this presentation may appear without the ® or TM symbol, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and trade names. 2
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© 2025 Haivision Confidential Our Vision | The Real-Time Video Revolution Data Processing Cloud SD HD UHD AI Analog Computer Mobile … Streaming Video Conferencing Telepresence Broadcast Internet ISR & Drones Remote Production Command Centers Remote Warfare Real-Time Video Revolution Ubiquitous bandwidth and near unlimited video and data processing capabilities create demand for increasingly complex use cases. This is the Real-Time Video Revolution. Low Latency video delivery Complex operational monitoring Reliance on diverse network Real-time crime centers Mobile video production Cybersecurity SOC Distributed infrastructure Around the world live news Proliferation of live sport Remote operation Demand Drivers Network Connectivity One-way IP BBand Fiber4G 5GDSL 3G … Apollo 11: July 20, 1969 3
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© 2025 Haivision Confidential Our Mission | Awareness, Better Decisions, Faster Responses with Real-Time Video © 2025 Haivision Confidential4 PROCESS SHARE INGEST Receive video from camera and send over the network Share with a global reach Create value from video & data processing Cameras Sensors Sources Visualize Distribute Exploit
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© 2025 Haivision Confidential Mission - Enterprise © 2025 Haivision Confidential5 Live Video DeliveryGlobal Operations Centers Haivision delivers live low latency video to the trading floor and between offices in NY, Atlanta, San Francisco, and London. Haivision powers over 60 connected operation centers at 21 datacenters, 5 regional offices, and 3 major Global Security Operation Centers (GSOCs). Growth Drivers • Frequency & severity of threats are increasing • Customers & shareholders are expecting real-time awareness and response • Response groups require cross domain visualization and collaboration • Security guidelines are increasingly more stringent
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© 2025 Haivision Confidential Mission - Government & Defense 6 Mission-Critical Video DistributionMission-Critical Control Center Haivision technology is deployed for cyber security, command and control, communications and intelligence systems, consolidating and modernizing network systems to improve operational effectiveness and affordability. Haivision solutions capture video from cameras across launch sites, deliver those critical feeds throughout their campuses, and display the video along with other mission-critical data within NASA Mission Control Centers. Growth Drivers • Video will be on every platform, every vehicle, every person • Command centers for real time decisions and response • Artificial intelligence at the edge will transform ISR (Intelligence, Surveillance and Reconnaissance) capabilities • Security compliance, certification, metadata and interoperability are high barriers to entry
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© 2025 Haivision Confidential Broadcast - Media & Entertainment 7 • Live content attracts most advertising revenue • Remote and cloud production is accelerating • SRT is dominating remote broadcast workflows • 5G will be a game changer for media production Live Video NetworkingLive Video Contribution Makito encoders transport live video from over 600 colleges to ESPN HQ for live sports production serving thousands of events annually for ESPN+, ESPN3, and ESPNU Haivision encoders and transmitters facilitate remote production workflows from stadiums worldwide to Los Angeles studios for the League of Legends World Championships Growth Drivers
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© 2025 Haivision Confidential Our Market | High-Value Video Infrastructure 8 1. Source: Research Nester, Assessment of the Global Video Streaming Infrastructure Market, December 2022 2. Source: Haivision Estimates 66% 34% Live On-Demand 58% 32% 10% Hardware Software Services • The global video streaming infrastructure market of $23B in 2022 is expected to grow at a 16% CAGR from 2022 to 2033 (1). • We target the high-value segment estimated to be US$5B in 2022(2), growing to US$15B in 2033. Haivision targeted segmentsGlobal video streaming infrastructure market 0 20 40 60 80 100 120 Total Accessible Market 1 2022 - 2033 US$B 40% 36% 24% US$5B high value TAM(2) Media & Entertainment Government & Defense Enterprise
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© 2025 Haivision Confidential Haivision Solution Map 9 - Play Pro PROCESS INGEST Command Center SHARE… • Mission critical, high-performance hardware • High barrier to entry • Mission critical, high-value software • End-to-end on premise & cloud solutions Transmitters Mobile Networks Camera Mount & Portable Makito Fixed Network Stationary & Rugged Solutions Media Platform Command 360 Kraken StreamHub SRT Gateway Media & Entertainment Enterprise, Government & Defense Distribution Visualization Hub 360
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© 2025 Haivision Confidential Technology Leadership 10 Pioneer Ultra low latency edge-to-edge encoding 70+ TOTAL AWARDS Recognized industry leadership A track record of driving our industry forward A future rooted in innovation • Video intelligence at the edge • Encoding & video network optimization • Data capture and creation • Integrated on-premise/cloud solutions • Orchestrated/dynamic cloud workflows Creator SRT, the most widely adopted video networking protocol Winner 4x Emmy awards for technology innovation • Network slicing performance • Private (P5G) network security • Mobile edge computing
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© 2025 Haivision Confidential The Haivision DNA | Why Customers Choose Haivision © 2025 Haivision Confidential11 End-to-end Approach Customer First Philosophy Technology Fundamentals Reliability Quality PerformanceSecurity World-class References
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© 2025 Haivision Confidential Years of positive Adjusted EBITDA3,4 18 8 Acquisitions 2004 Year founded $130M FY20241 revenue Haivision in Numbers 12 TAM of $US23B Market US$5B~350 Employees worldwide ~75% Repeat customers 2 ~70+% Gross margin3 1. Company fiscal year-end October 31 2. Represents sales generated in by customers who were also customers of Haivision in the prior year 3. Non-IFRS measure, See “Disclaimer – Non-IFRS Measures” 4. See Management’s Discussion and Analysis for the Three Months and Full Year Ended October 31, 2022 for reconciliation of Operating Income (Loss) to Adjusted EBITDA
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© 2025 Haivision Confidential Investment Opportunity | A Sound Approach to Driving Profitable Growth 13 Private Company for 16 Years Selected Acquisitions Product, Technology, Market & Corporate Milestones Introduced Haivision Media Platform Video Furnace Live Video Management Software Coolsign Digital Signage Software Kulabyte & Montivision Internet / OTT Streaming Software LightFlow Media AI/ML Advanced Cloud Architecture Teltoo P2P, Advanced Delivery Cloud Provided Video Backbone for Telepresence Platforms Introduced Makito Compact Edge Encoder and Decoder Introduced SRT Protocol Open Sourced SRT & Formed SRT Alliance Selected as strategic provider for the U.S. Department of Defense Haivision Founded Launched 11th Gen Makito X4 UHD High density platform • Good “stewards of capital” • Self-funded 16 years of organic growth with a CAGR of 22.7% • Turned an original $8.25M investment to annual revenue of over $80M+ at the time of IPO • 6 acquisitions focusing on portfolio and technical expertise, including LightFlow and Teltoo for Cloud and AI • IPO to realize our vision of the real time video revolution • Strategic M&A • Cinemassive in FY21 to expand on Command Centers • Aviwest in FY22 to expand on 5G • Delivered synergies in FY23 2004 2006 2010 2014 2018 2020 IPO in 2020 & 2 Strategic Acquisitions 2022 Haivison IPO TSX: “HAI” Dec 16, 2020 CineMassive Critical Visual Collaboration Aviwest Mobile Live IP Video Solutions 2021 Lead the real time video revolution • Capture growth potential of Command Centers • Build on AI in ISR for Defense • Lead the 5G market transition • Drive recurring revenue • Strategic alliances • Selective M&A to expand product offering & grow revenue The Opportunity 2023 Acquisition synergies Growth focused portfolio
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© 2025 Haivision Confidential Seasoned Management Team With the Workforce To Deliver 14 Miroslav (Mirko) Wicha, President, CEO & Chairman • Haivision founder • 35+ years of senior management experience with software & hardware companies • Former EVP Discreet/Autodesk, Alias Research, Silicon Graphics, Hewlett-Packard Dan Rabinowitz, CFO and EVP Operations • 30+ years of experience in finance and management • Former CFO of FinanSure, TUSC and Peapod Peter Maag, CSO and EVP Strategic Partnerships • 25+ years in business development, sales, marketing and partner development • Former VP of Hyperchip and Discreet/Autodesk Jean-Marc Racine, Chief Product Officer • 25+ years of experience in product and marketing in media and telecom • Former CPO for Synamedia Ltd • Co-founded Farncombe Tech. a video and security specialist sold to Cartesian. Average of almost 30 years experience in the industry 24 Countries 17 Time Zones 27 Languages 20+ Nationalities 6 Research & Development Offices worldwide 50% worked 5+ years A Diverse & Global Workforce
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© 2025 Haivision Confidential Trading Information Capitalization Summary 68.2 31.8 15 Trading Symbols: TSX:HAI Recent close: Jan 10, 2025: $5.36 52 week high/low: $7.00 / $3.51 Market capitalization (at Jan 10, 2025): $153 million Common Shares Outstanding: 128,171,565 Debt(1): $4.8 million (2) Cash + Cash equivalents(1): $16.5 million 1 As of 31st, October 2024 2 Includes $2.6 in Term Debt and $2.2 million extended on the Line of Credit Board & Management Public Float Ownership Structure % %
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haivision.com Glen Akselrod Bristol Investor Relations glen@bristolir.com +1 (905) 326-1888 ext. 1 Dan Rabinowitz Haivision cfo@haivision.com +1 (847) 362-6800 ext. 7209