Slide 1: Science-Driven. Acquisition Focused.
Science-Driven. Acquisition Focused. Investor Presentation · Q4 2026 TSX: CMG cmgl.ca All figures in CAD$ unless noted
Slide 2: Important Notices
Important Notices Forward-Looking Statements Certain information included in this presentation is forward-looking. Forward-looking information includes statements that are not statements of historical fact and which address activities, events, or developments, that the Company expects or anticipates
Slide 3: Investment Highlights
Investment Highlights FY 2026 FINANCIA L HIGHLIGHTS 47 years CMG's physics-based simulators are embedded in workflows, regulatory EARNED TRUST filings, and reserve certifications globally. That trust, built through decades of published science and real-world validation, cannot be replicated quickly.
Slide 4: Globally Diversified and Trusted by the World's Largest Energy Companies
Globally Diversified and Trusted by the World’s Largest Energy Companies Total FY26 Software Revenue by Geography Select Clients 15% Canada 22% 51% Eastern Hemisphere USA 12% South America cmgl.ca · TSX: CMG · All figures in CAD$ unless noted
Slide 5: Recent Developments
Recent Developments GOVERNANCE Board Appointment: Christopher Wright -- Former Roper Technologies Director Feb 10, 2026 CMG appointed Mr. Wright to its Board of Directors. He brings 35 years of board experience at Roper Technologies cmgl.ca/press-releases (NYSE: ROP), an S&P 500 business that built
Slide 6: Reservoir Simulation
SECTION 01 Reservoir Simulation 47 years of physics-based modelling embedded in energy decisions worldwide. 07 What is Reservoir Simulation and Why Does it Matter? 08 47 Years as an Industry Standard 09 The Market for Reservoir Simulation
Slide 7: What is Reservoir Simulation and Why Does it Matter?
What is Reservoir Simulation and Why Does it Matter? When a decision worth hundreds of millions of dollars depends on what a model says, the software that produces that model is not a tool. It is the basis of the decision. The Invisible Asset What Simulation Does Why the Software is Critical 1-5 km
Slide 8: 47 Years as an Industry Standard
47 Years as an Industry Standard CMG AREAS OF EXPERTISE 1978 1990s 2000s 2022 Today Began as a research Expanded into global Decades of consistent CMG 4.0 Strategy Platform buyer; 4 foundation at University energy markets; profitability and strong announced: Heavy Oil Unconventional acquisitions; $9
Slide 9: The Market for Reservoir Simulation: $1 Billion+
Global Reservoir Simulation Market Estimate $1 Billion+ Reservoir Simulation Market1 Estimated Global Reservoir Simulation Market Through 2030 $1B Unconventional, Heavy Oil and EOR expected to grow at a faster rate, driven by age and ` complexity of reservoirs. Unconventional, HO, EOR $767M 70%+ Ons
Slide 10: CMG 4.0 Strategy
SECTION 02 CMG 4.0 Strategy Acquisition-led growth through a disciplined buyer model — one deal at a time. 11 CMG 4.0 Strategy 12 Understanding the Upstream Energy Workflow (simplified) 13 Acquiring the Upstream Ecosystem — from Seismic through Economics
Slide 11: CMG 4.0 Strategy
CMG 4.0 Strategy CMG is building an identity as a disciplined buyer of science-based software. These Strategy tools are used by technical professionals to solve complex, high-stakes upstream problems in the energy industry. GROWTH Every acquisition occupies a defensible niche where Drive sustained l
Slide 12: Why Companies Choose CMG
Why Companies Choose CMG “ CMG's vision of acquiring and Acquired, not CMG acquires companies to nurture them, not nurturing leading solutions in absorbed absorb them. Each business retains its product upstream oil and gas resonates 4 PRESERVED IDENTITY identity, brand, team, and roadmap ownership.
Slide 13: Understanding the Upstream Energy Workflow (simplified)
Understanding the Upstream Energy Workflow (simplified) EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION 4D seismic monitors reservoir changes Economics drives scenario replanning Seismic Well Interpretation Planning & Drilling Optimal well locations Geoscientists identify designed; production structure
Slide 14: Acquiring the Upstream Energy Ecosystem – from Exploration through Production
Acquiring the Upstream Energy Ecosystem – from Exploration through Production The upstream workflow is a dynamic, interdependent ecosystem. Every stage benefits from numerous specialized software. CMG is systematically building a presence across the workflow. EXPLORATION APPRAISAL DEVELOPMENT PRODUC
Slide 15: Financial Performance
SECTION 03 Financial Performance Free Cash Flow, being deployed with discipline. 15 Revenue: Acquisitions Adding Scale — Organic Growth Expected in FY27 16 Adjusted EBITDA and Free Cash Flow
Slide 16: Revenue: Acquisitions Add Scale
Revenue: Acquisitions Add Scale TTM Recurring Revenue (RR)* $92.2 $90.5 Annual Recurring Revenue* $89.4 as a % of Total Revenue $88.1 KEY PERFORMANCE INDICATOR $86.8 Growth in Trailing twelve-month (TTM) 81% 80% $83.4 73% Recurring revenue* (used to smooth the 71% 67% $81.3 seasonality in revenue re
Slide 17: Adjusted EBITDA* and Free Cash Flow*
Adjusted EBITDA* and Free Cash Flow* Quarterly TTM Adjusted EBITDA* $42.7 $43.7 $44.0 $42.0 $41.6 $39.1 $34.8 $36.1 KEY PERFORMANCE INDICATOR Annual Free Cash Flow* Per Share Growth in Trailing twelve-month (TTM) $35.3 Adjusted EBITDA* (used to smooth the $27.6 seasonality in revenue recognition). $
Slide 18: Non-IFRS Reconciliations
SECTION 04 Non-IFRS Reconciliations 18 Adjusted EBITDA to Net Income Reconciliation 19 Free Cash Flow and Recurring revenue reconciliation
Slide 19: Summary of Financial Performance
Summary of Financial Performance Three months ended March 31, Year ended March 31, ($ thousands, except per share data) 2026 2025 % change 2026 2025 % change Annuity/maintenance licenses 17,654 19,436 (9)% 76,581 77,525 (1)% Annuity license fee 9,275 4,728 96% 15,629 9,280 68% Recurring revenue(1)(2
Slide 20: Reconciliation of Adjusted EBITDA to Net Income
Reconciliation of Adjusted EBITDA to Net Income Three months ended March 31, Year ended March 31, ($ thousands) 2026 2025 2026 2025 Net income (loss) 5,427 5,102 17,416 22,434 Add (deduct): Depreciation and amortization 2,638 2,368 10,249 8,465 Acquisition costs 433 216 974 2,567 Stock-based compens
Slide 21: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow Fiscal 2025 Fiscal 2026 ($ thousands, unless otherwise stated) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Funds flow from operations 6,515 7,101 9,937 8,227 5,524 3,588 7,068 9,701 Capital expenditures (93) (236) (432) (661) (542) (1,080) (723) (215) Repayment of lease liabilities (743
Slide 22: Science-Driven. Acquisition Focused.
Science-Driven. 47 Years of technical trust, built decision by decision Acquisition Focused. – now extended, acquisition by acquisition. For more information: cmgl.ca/investors Investor.relations@cmgl.ca Sedarplus.ca