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© 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure CONFIDENTIAL Intermap Technologies (TSX: IMP; OTCQB: ITMSF) Third Quarter 2025 Conference Call November 13, 2025
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2 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Forward- Looking Disclaimer Certain information provided in this presentation, including reference to revenue growth, constitutes forward - looking statements. The words “anticipate”, "expect", “project”, “estimate”, “forecast”, “continue”, “focus”, “will”, “intends” and similar expressions are intended to identify such forward - looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward - looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward - looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward - looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward - looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward - looking statements contained in this presentation are made as at the date of this presentation and the Company does not undertake any obligation to update publicly or to revise any of the forward - looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
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3 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Indonesia ILASP Program Advancing Phase 2 of the $200 million One Map Program • Official RFP published in August; Intermap among few qualified vendors • Proven capability for national-scale mapping in tropical environments • Regulatory alignment through U.S.–Indonesia framework • Positioning for long-term recurring data management and AI analytics opportunities
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4 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure U.S. Defense & National Security Expanding Multiyear Pipeline • Growth in DOD, DARPA and NOAA programs • No funding reductions following budget review • Active engagements across North America, Europe and Asia • Focus on rapid deployment, AI-driven terrain intelligence and supply chain integration
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5 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Financial Performance & Outlook • Revenue of $1.7 million, reflecting timing of project activity in Indonesia and delays in U.S. government contracts affected by the federal shutdown • Year-to-date revenue of $9.0 million compared with $10.2 million in 2024 • Positive adjusted operating cash flow year-to-date driven by strong collections and expense discipline • Balance sheet strengthened by $21 million financing; going concern warning removed • Reaffirming 2025 guidance: $30–35 million revenue, 28% EBITDA margin
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6 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Commercial Insurance Innovation Scaling AI/ML-Driven Risk Solutions • Continued rollout of Insurance Risk Assistant Subsystem (IRAS) • AI improves claim predictability up to 30% and eliminates basis risk • Strong demand from global insurance and reinsurance partners • Expanding into property risk, climate resilience and catastrophe modeling
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7 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Operating Discipline & Liquidity Executing with Focus • Positive operating cash flow supported by disciplined cost control • Record working capital and liquidity • Prudent reinvestment in AI platforms and product development • No material debt maturities until 2027
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8 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Operating Cash Flow ($1.4M) $2.0M -2 -1.5 -1 -0.5 0 0.5 1 1.5 2 2.5 Q3 2024 Q3 20252 $ Millions Adjusted Operating Cash Flow Adjusted Operating Cash Flow 1. Excluding $2.1 million of accounts payable investment reduction 2. Excluding $440 thousand growth in accounts payable 1 2
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9 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Strengthened Balance Sheet $11.9M $32.5M $8.2M $5.6M $3.7M $26.9M 0 5 10 15 20 25 30 35 31-Dec-24 30-Sep-25 $ Millions Total Assets Total Liabilities Shareholders' Equity
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10 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Strategic Positioning & Guidance Delivering in Priority GEOINT Markets • Positioned in high-growth sectors: National security, risk management, data modernization • Strengthened balance sheet supports execution of large government programs • Reaffirming 2025 guidance: $30–35 million revenue, 28% EBITDA margin
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11 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Q&A For more information, please visit www.intermap.com or contact: Jennifer Bakken Executive Vice President and CFO CFO@intermap.com +1 (303) 708-0955 Sean Peasgood Investor Relations Sean@SophicCapital.com +1 (647) 260-9266
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12 CONFIDENTIAL © 2025 Intermap Technologies. All rights reserved. – corporate proprietary restrictions on use and disclosure Vision Geospatial intelligence powered by 3D data