Slide 1: Planet MicroCap Investor Presentation
PLANET MICROCAP INVESTOR PRESENTATION J U N E 2 0 2 6
Slide 2: Forward Looking Statements
Forward Looking Statements Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private securities litigation reform act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan,"
Slide 3: Today's Discussion
Today’s Discussion Derek Cassell, • Track Group at-a-glance CEO • Electronic Monitoring Market • Recurring Revenue Model & Customer Base AJ Gigler, • Product Differentiation & Capabilities CMO • Recent Strategic Developments • Recapitalization & Governance Alignment • Financial Profile, Outlook & Gr
Slide 4: About Track Group
About Track Group Track Group, Inc. (OTC:TRCK) is a premium ~$36m ARR provider of electronic monitoring technology and services for community ~17% corrections agencies. Adj. EBITDA Margin (TTM) Known for building some of the industry’s > ~23% toughest and most secure GPS devices Adj. EBITDA Margin e
Slide 5: Company Overview
$35.2M $17.5M $5.8M Revenue FY25 Gross Profit FY25 Adj. EBITDA FY25 50.6% 16.4% Canada 180 United States HQ: Chicago Saudi Arabia Total Agencies Bahamas Cayman Islands Puerto Rico Panama Brazil COMPANY Overview Paraguay Chile New Zealand 10 countries United States Puerto Rico Headquarters Track Grou
Slide 6: What Differentiates Us
What Differentiates Us Highly Secure GPS Monitoring for High-Risk Offenders High Touch Service & Support Deep Roster of Experienced Staff Adoption of Innovations within the Market Track Group Indy Field Service Team
Slide 7: About Track Group: Management Team
About Track Group HEADQUARTERS MANAGEMENT TEAM Naperville, Illinois • CEO Since ‘18 • CMO Since ‘19 • CIO since ‘21 • 31+ Years Ind. • 4+ Years Ind. • 23+ Years Ind. Experience Experience Experience Derek Cassell • BS Criminal Justice AJ Gigler Tim Hardy From Stabilization to Growth • BS Criminal Ju
Slide 8: Overview Of Largest Contracts
Overview Of Largest Contracts Predominantly long-term, recurring- revenue, government contracts (30 to 60-day payment terms) 4 of 5 largest contracts recently renewed or awarded for LONG-TERM periods Track Group’s largest contracts range from 3 to 20-year terms ~$23mm of this is U.S. or U.S. territo
Slide 9: Recurring Revenue Insights – Cross-Selling Promotes Stickiness
Recurring Revenue Insights – Cross-Selling Promotes Stickiness 9
Slide 10: Market Overview - 2026
Market Overview - 2026 Electronic Monitoring use in the United States 23M 73M Est. TAM Total Addressable Market (TAM) Est. TAP vs. SCRAM BI Inc (Geo) U.S. Market Current Penetration (CP) Global Market Sentinel Allied 4% Universal of U.S. Community Corrections Figures represent # of potential partici
Slide 11: Research Supporting EM
Research Supporting EM 1. Erez, E., Ibarra, P. R., Bales, W. B., & Gur, O. M. *GPS Monitoring Technologies and Domestic Violence: An Evaluation Study.* Washington, DC: National Institute of Justice, 2012. 2. Bonta, J., Wallace-Capretta, S., & Rooney, J. *A Quasi-Experimental Evaluation of an Intensi
Slide 12: Market Forces – Domestic Violence Legislation
Market Forces – Domestic Violence Legislation 1. Tennessee — SB 1972 / HB 2692, Debbie and Marie Domestic Violence Protection Act, 2024 2. Ohio — HB 369, Aisha’s Law, 2024, HB 667, Reagan Tokes and Patrick Heringer Act, 2026 3. Puerto Rico — House Bill / PC 731 amending Law 54, 2023 4. Washington —
Slide 13: We make serious products. For a serious problem.
We make serious products. For a serious problem. Live 3-way voice communication
Slide 14: ReliAlert XC5 (New Gen) Key Differentiators
ReliAlert XC5 (New Gen) Key Differentiators High-Risk Offender Challenges Addressed SecureCuff (unique to Track Group) • Hardened steel cuff deters attempts to tamper with or remove device • Adds critical police response time during removal attempts • Fewer removals = fewer absconders = safer victim
Slide 15: Track Group Product Lineup
Track Group Product Lineup Providing a full suite of reliable, risk-based electronic monitoring solutions GPS monitoring GPS monitoring (new gen) Breath Alcohol Radio Frequency Victim Notification Reentry/ Check-in Officer Mobile IntelliTrack Monitoring Software 15 Specialized Data Analysis and Repo
Slide 16: Major operational and product initiatives
MAJOR operational and product initiatives Moved Monitoring Center Operations Finished Next-Gen Product – ReliAlert XC5 Server Hosting Migration - IBM > Microsoft Azure Completed Transformational Refinancing TTM savings ~ 1mm 7mm in capex over last 4 years now complete Go forward savings ~ 2mm $47mm
Slide 17: A New Chapter At Track Group
Oc: our A New Chapter At Track Group
Slide 18: Refinancing/Recapitalization Overview
Refinancing/Recapitalization Overview Debt of ~$47m settled for $23.25m on 04/30/26 (50% discount) Funded By → Chatham Capital: $21m Senior Credit Sponsors/Mgmt*: ~$10.3m PIPE Deal ~$27m Net Debt Decrease Sponsors* Own ~80% of Equity Post-Close Summary • Net Leverage decreases ~63% (~7.1 TO ~2.6) •
Slide 19: Aggressive Deleveraging (Pre-Close, Post-Close, & Beyond)
AGGRESSIVE Deleveraging (Pre-Close, Post-Close, & Beyond) {Below 3 Columns → Budget (Other Than 5/31/26 Adj. EBITDA)} TRCK’S FYE IS 9/30 2025 FYE 3/31/26 TTM 5/31/26 TTM ‘26 Budget ‘27 Budget Pre-Close* Pre-Close** Post-Close*** Post-Close Post-Close LT Debt (+ $45,496,388 $46,329,123 $21,089,053 $2
Slide 20: Financial Overview & Outlook
Financial Overview & Outlook Adj. EBITDA & Margins Cap-Ex 2 $(4,568) ‘25 incl. ~$1.75M & ~$660k in growth capex on projects that have effectively ended in the early part of ‘26. See appendix for more information. Sales Growth Trends Expected Revenue Breakdown * *pre depreciation/amortization gross m
Slide 21: Additional Benefits From Transactions
Additional Benefits From Transactions • Governance being updated in-line with best practices • Creation Of Capital Allocation Oversight Committee Governance & • Industry, Financial & pub-co. governance expertise from BOD additions Strategic • Peter Poli (past BOD member) remains advisor for 1-year E
Slide 22: Refreshed Board of Directors
Refreshed Board of Directors 22
Slide 23: Shareholder Information
Shareholder Information 5-Year Stock Chart Share Information Exchange: OTCQB ‘23 Net Ticker: TRCK Leverage = 11 ‘24 Net ’25 Net Share Price (6/6/26): $0.56 Leverage = 8 Leverage = 7.2 5-Year Range: $0.12 to > $3.00 Shares Out: 43.16M Market Cap: $24.2M Net Debt (Cash): $15.4M Stock chart goes here A
Slide 24: Illustrative Valuation Metrics
Illustrative Valuation Metrics Relative Value - Public Comps M&A Valuation - Direct Competitor Deals Public Comps EV/Rev EV/Rev EV/EBITDA EV/EBITDA EV/Sales EV/Sales EV/EBITDA EV/EBITDA (LTM) (CSS ‘27) (LTM) (CSS ‘27) Target Acquiror Year ~ EV $ (LTM) (FWD) (LTM) (FWD & integrated) Big Tech. PLC Ind
Slide 25: Appendix – Non-GAAP Financial Measures
Appendix – Non-GAAP Financial Measures This release includes financial measures defined as “non-GAAP financial measures” by the Securities and Exchange Commission including, but not limited to, non-GAAP EBITDA, non-GAAP Adjusted EBITDA, non-GAAP Net Debt, non-GAAP Total Leverage Ratio, and non-GAAP
Slide 26: Appendix – Historical Non-GAAP Reconciliation
Appendix – Historical Non-GAAP Reconciliation please note TRCK’s FYE is 09/30 2024 FYE 2025 FYE 1/31/26 TTM Feb/Mar ‘25 Feb/Mar ‘26 3/31/26 TTM Pre-Close* Pre-Close* Pre-Close* Pre-Close* Pre-Close** Pre-Close** GAAP Net Income ($3,081,414) ($1,883,753) $1,269,283 ($9,375) ($831,173) $447,485 Deprec
Slide 27: Appendix – Capital Expenditure Detail (000's)
Appendix – Capital Expenditure Detail (000’s) { --------------------------- Actuals** ------------------------- } { ------------ Budget ---------- } TRCK’s FYE is 09/30 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 ‘26 (1st 7 mos.) ‘26 (last 5 mos.) ‘27 ‘28 ‘29 Maintenance Cap-Ex $1460 $2,097 $1,429 $3,158 $2,195
Slide 28: Why invest in Track Group?
Why invest in Track Group? Stabilized and Growth Ready Right-sized capital structure, next-gen products poised to win Near-Time Upside Undervalued, imminent profitability inflection point Transaction Recently Announced 63% net debt reduction, industry leading mgmt. aligned w/ shareholders
Slide 29: Thank You
—— 0 THANK YOU