Investor Presentation

October, 2023

Proprietary and Confidential

ForwardLookingStatements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended) concerning CalAmp. These statements include, but are not limited to, statements that address our expected future business and financial performance and statements about (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and opportunities, (iii) our comprehensive review of strategic alternatives focused on enhancing shareholder value, and (iv) other statements identified by words such as such as "may", "will", "expect", "intend", "plan", "potential", "believe", "seek", "could", "estimate", "judgment", "targeting", "should", "anticipate", "predict", "project", "aim", "goal", and similar words, phrases or expressions. These forward-looking statements are based on management's current expectations and beliefs, as well as assumptions made by, and information currently available to, management, current market trends and market conditions, and involve risks and uncertainties, many of which are outside of our control, and which may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect future results include any risks associated with global economic conditions and concerns; the outcome of our comprehensive review of strategic alternatives, including the availability of any strategic alternatives that are worthwhile to pursue; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the recent coronavirus (COVID-19) pandemic; global component shortages due to supply chain constraints caused by the COVID-19 pandemic; disruptions in sales, operations, relationships with customers, suppliers, employees; our ability to successfully and timely accomplish our transformation to a SaaS solutions provider; our transition out of the automotive vehicle financing business; competitive pressures; pricing declines; demand for our telematics products; rates of growth in our target markets; prolonged disruptions of our contract manufacturers' facilities or other significant operations; force majeure or force-majeure-like events at our contract manufacturers' facilities including component shortages; the ongoing diversification of our global supply chain; our dependence on outsourced service providers for certain key business services and their ability to execute to our requirements; our ability to improve gross margin; cost containment measures; legislative, trade, tariff, and regulatory actions; integration, unexpected charges or expenses in connection with acquisitions; the impact of legal proceedings and compliance risks; the impact on our business and reputation from information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; the ability of the Company to comply with laws and regulations regarding data protection; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product and warranty and indemnification claims; our ability to sell to new types of customers and to keep pace with technological advances; market acceptance of the end products into which our products are designed; and other events and

trends on a national, regional and global scale, including those of a political, economic, business, competitive, and regulatory nature. More information on these risks and

other potential factors that could affect our financial results is included in our filings with the U.S. Securities and Exchange Commission ("SEC"), including in the "Risk

Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our most recently filed periodic reports on Form 10-K

and Form 10-Q and subsequent filings, which you may obtain for free at the SEC's website at http://www.sec.gov. We undertake no intent or obligation to publicly update

or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, which speak as of their respective dates except as

required by law.

2

Agenda

  • Overview of CalAmp Vision and Strategy
  • Business Transformation Overview and Update
  • Overview of Products and Solutions
  • Product Roadmap
  • Sales Strategy
  • Financial Overview
  • Case Studies

3

CalAmp is a Global Leader in Connected Intelligence

Helping People and Businesses Work Smarter

Track, monitor and recover vital assets with real-time visibility and actionable insights

Installed base of ~10M devices* with 1.6+ trillion data points processed around the world annually

Global operations with a flexible and diversified outsourced manufacturing model

Telematics leader with

40+ years of experience and strong intellectual property

Secure and scalable Telematics Platform to collect and analyze data for all customers

Innovative and configurable software applications and solutions for key market verticals

*Note: Number of devices is calculated based on number of units shipped within the estimated useful life of CalAmp devices

4

CalAmp is Poised to Scale and Increase Profitability Through the Conversion of Its Installed Base and the Acceleration of Organic Software & Subscription Services (S&SS) Growth

Revenue ($M)

Nasdaq: CAMP

Irvine, CA headquarters

$132.6M in total revenue in the First Half, FY24

~ includes approximately 46% in international revenue

Software and Subscriptions Services (S&SS) revenue reached 64% of consolidated revenue in First Half, FY24

Active conversion of eligible device customers to subscription contracts is complete. Focus now shifting to recurring revenue growth

Recent next gen software releases, sales personnel and compensation realignment, and organizational restructuring initiatives will accelerate profitable growth.

$309

$296

$295

$179

$142

$110

$132

$85

$130

$154

$185

$47

FY21

FY22

FY23

1H FY24

S&SS

Telematics Products

Fiscal Year ends February 28th

5

The CalAmp Leadership Team

Jason Cohenour,

Interim President, CEO & Director

Sierra Wireless | The

Board of Directors

Henry Maier (*)

FedEx Ground

Scott Arnold

AuditBoard

Roxanne Oulman

Medallia

Jorge Titinger

Silicon Graphics

Kirsten Wolberg

DocuSign

Wes Cummins

B. Riley Asset Mgt.

(*) Chair of the Board of Directors

Jikun Kim

SVP, Chief Financial Officer

Momentus | Formlabs

Monica Van Berkel

SVP, Chief People Officer

EMCORE | Gateway

Maurizio Iperti

President, EMEA

Pirelli | MOMO

Nathan Lowstuter

SVP, Chief Supply Chain Officer

Honeywell | Boeing | FedEx

Mark Gaydos

SVP, Chief Marketing Officer

Oracle | SAP | Nlyte

Richard Scott

SVP, Chief Legal Officer

Verra Mobility | Husqvarna

6

CalAmp Operates Across Five Core Customer Segments

Fleet

  • Driver safety using AI
  • Real-timefleet analytics
  • Cargo loss prevention

Telematics Service Providers

  • Edge Computing
  • Device Management
  • Custom Firmware

K-12

  • Bus fleet management
  • Driver behavior analytics
  • Parental visibility

Industrial Equipment

  • Equipment monitoring
  • Asset utilization/recovery

Consumer Auto

  • Rental fleet management
  • Stolen vehicle recovery*
  • Crash detection

7

Customer Portfolio

CalAmp technology - a hub for business critical data and decisions

8

AOP FY23

Why CalAmp Wins

Expertise with

Platform Flexibility,

Complex Customers &

Dependability &

Processes

Scalability

~10M

Connected

Assets

Flexible Edge

Global Operations

Computing

and Support

Connectivity to

Diverse Data

Sources

300+

Pending and

Awarded Patents

Innovation Leader

"CalAmp's embedded end-pointcomputing--

engineered within our telematics devices and

coupled with robust, customer-centric SaaS solutions--delivers differentiated ROI for customers in all of our core market verticals."

  • Jeff Gardner - President, CEO & Director

9

Global Operations and Support

Firmware Support

Eden Prairie, MN

CalAmp HQ and

Engineering

Irvine, CA

Engineering, Sales, PLM

Customer Support Center

Carlsbad, CA

Richardson, TX

Contract Manufacturing

Mexico

LoJack Mexico

Mexico City, MX

Tracker UK

London, UK

Contract Manufacturing

Hong Kong

LoJack Italia

Milan, IT

LoJack España

Madrid, ES

Contract Manufacturing

Vietnam

Contract Manufacturing

Malaysia

Contract Manufacturing

Malaysia, Thailand

CalAmp Locations

Contract Manufacturing Locations

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Disclaimer

CalAmp Corporation published this content on 23 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 19:03:41 UTC.