Investor Presentation APRIL 2020
Forward looking 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 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 obligation 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. 2
mCloud is creating a more efficient future. 3
Our leadership team brings 30+ years of success from every corner of tech, energy, and finance Russ McMeekin Costantino Lanza Barry Po, Ph.D. Chantal Schutz, CPA, CA Co-Founder, Co-Founder, President, USA & President, Connected Solutions Executive Vice President President & CEO Chief Growth & Revenue Officer & Chief Marketing Officer & Chief Financial Officer With past leadership experience from: Michael Sicuro Jim Christian Travis Meredith Nitin Kapoor Co-Founder, Chief Investment Chief Product & President, Canada & President, UK & EMEA Officer & Non-Executive Chairman Technology Officer Southeast Asia 4
Using AI, we are solving the 1 2 3 world’s most challenging energy problems: Curbing Maximizing Extending the energy energy lifespan of waste production critical energy infrastructure 5
Our AssetCare™ platform is how we do it: 6
is complexity made simple. Our formula: Data + Context + AI = Optimal Action Optimal Action = Customer Value 7
Our AI platform connects workers who operate and maintain over 41,000 assets worldwide 8
Three vertical segments. One common platform. Ten million immediately Connected Industry Connected Buildings Connected Energy connectable (e.g. Oil & Gas) (e.g. Retail) (e.g. Wind) assets. Critical controls HVAC units Wind turbines Gas compressors Zone lighting Transformers 9
Commercial Software-as-a- Service (SaaS) Total number Annual recurring business model. of connected revenue (ARR) = X assets and per asset / annual revenues workers worker Simple subscription-based pricing combined with zero CAPEX makes AssetCare an easy buying decision. 10
AssetCare at work: Bank of America mCloud delivers AssetCare to 3,300 buildings operated by Bank of America, connecting to over 8,000 HVAC units in their portfolio. 11
AI improves customer 1 2 3 comfort, health, and energy efficiency. HVAC units Facility managers Energy and continuously instantly notified maintenance monitored for when a building insights available performance experiences via AssetCare issues an issue on-demand BOTTOM LINE AssetCare enables Bank of America to save 12% in their annual energy costs, over C$40M every year . ov 12
Just some of our noteworthy customers around the world: 13
Example: every Quick Service Restaurant (QSR) we connect saves an average of 15% in energy annually . creates a more 12 1.4 >80,000 sustainable future with AI tons million tons driven energy efficiency Amount of CO 2 Same CO 2 used to Amount of CO 2 reduced per Quick charge this many reduced annually Service Restaurant smartphones across the mCloud annually portfolio 14
Investment Highlights 15
Three-Year Growth All figures in C$ drives growth: 2018 2019 2020 Unadjusted Pro-forma* Projected e.g. C$8M in new connected Oil & Gas Total Revenues ~$3M $42M $70M – 80M customers, announced March 2020 GM (%) 69% 50% 55% – 60% Normalized Income -$4.1M $2.5M $11.5M – 14.0M 41,000 70,000 – 85,000 Connected Assets 28,000 * 2019 pro-forma revenues adjusted for timing associated with the close of acquisitions. 16
Key Facts and Figures Structure by Current Base Shares ~20M the numbers Fully Diluted Shares ~31M Including C$23M debenture Share Inside Ownership ~8M Including founders from acquired businesses Cash C$13M Closed in January 2020 250 Employees Major Presence 12 offices in 5 countries 17
Five-year growth horizon in a total 500,000 C$ 400 M C$ 2 B 70 % market of over 100 million connectable assets and workers connected in annual in recurring market cap assets revenues SaaS potential business 18
TSXV: MCLD, MCLD.DB OTC: MCLDF Address 550-510 Burrard St., Vancouver, B.C. Canada V6C 3A8 Email ir@mcloudcorp.com mcloudcorp.com
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