Slide 1: CMG Q3 2026 Investor Presentation
CMG Q3 2026 Investor Presentation Empowering Better Decisions with Trusted, Science-Driven Solutions.
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains "forward-looking statements". Forward-looking statements can be identified by words such as: "anticipate", "intend", "plan", "goal", "seek", "believe", "project", "estimate", "expect", "strategy", "future", "likely", "may", "should", "will", and
Slide 3: 47 Years of Leadership
47 Years of Leadership 1978 - Established as a research Decades of consistent profitability and 2023 - first acquisition (Bluware) in foundation at the University of Calgary. strong cash generation is a reflection seismic interpretation. of how critical and integrated our Pioneered the development o
Slide 4: Investment Highlights
Investment Highlights FY 2025 Highlights 47-year history of reservoir simulation software development and best-in-class training and support $129.4M Total Revenue Critical technologies help customers manage risk and enhance profitability 67% Recurring Software Revenue High barriers from complexity o
Slide 5: Easy Oil is Gone
Easy Oil is Gone Over 70% of the world’s remaining reserves are in geologically complex environments1 Our advanced simulation Which supports the And increasingly leading The more complex the and specialized optimization and de- energy diversification problem, the more technologies help risking of hy
Slide 6: Global Business Driven by Industry-Leading Customers
Global Business Driven by Industry-Leading Customers Customers in ~60 countries serving Total FY25 Software Revenue by Geography energy and energy transition needs Select Clients 14% CANADA 22% USA 52% EASTERN HEMISPHERE 12% South America The Gold Standard in Simulation 6
Slide 7: Overview Reservoir Simulation Solutions
Overview Reservoir Simulation Solutions Scalable and Extensible Workflow Adaptable capabilities for a variety of industry applications Solutions User Infrastructure Experience Conventional IMEX CoFlow Heavy Oil STARS Desktop Unconventional On Premise Private Cloud Applications CMOST Web Hybrid Publi
Slide 8: Reservoir Simulation Market
Reservoir Simulation Market Reservoir Simulation Market1 Global simulation market expected to grow through 2030 Estimated $1B Global Reservoir Simulation Market Through 2030 $1B Unconventional, Heavy Oil and EOR expected to grow at a faster rate. Increasing age and complexity of global reservoirs le
Slide 9: Overview Acquisitions
Overview Acquisitions An expanding portfolio of expert solutions across upstream energy workflows Date Acquired September 2023 November 2024 July 2025 Cloud-native seismic data Industry first HPC platform for seismic Integrated geoscience platform for format(VDS/OpenVDS) enabling cloud visualization
Slide 10: CMG 4.0 Strategy – Near term focus on stabilization and margin expansion
CMG 4.0 Strategy – Near term focus on stabilization and margin expansion Maintain strong long-term, per share profitability while driving growth both organically and through acquisitions Growth Profitability Acquisitions Drive sustained growth both Maintain strong profitability and Prudently invest
Slide 11: Strong Annual Free Cash Flow Funding Acquisitions
Strong Annual Free Cash Flow* Funding Acquisitions ($ Millions) 95% of Free Cash Flow* deployed over last 2 years Annual Change in Cash ($Ms CAD) $35.2M $27.6M Free Cash Flow* Free Cash Flow* $38.3 -$0.7 -$2.4 $31.8 -$1.4 -$2.8 -$22.8 $66.9 $- $63.1 -$16.2 -$27.3 $6.1 $43.9 -$16.4 -$9.2 Cash Funds F
Slide 12: Acquisition Framework: 3 Core Areas of Focus
Acquisition Framework: 3 Core Areas of Focus Expanding strategy to support the goal of consistent capital allocation • Sits outside • Potentially used to • Science-based, • Fully Standalone ecosystem vision de-risk entry into new engineering focused decentralized verticals technologies operation • S
Slide 13: Envisioning an Ecosystem for Upstream Energy
Envisioning an Ecosystem for Upstream Energy The upstream workflow provides areas of opportunity to expand solution offering through acquisitions Acquisition Processing AI Seismic Interpretation VDS Storage and Interoperability Azimuthal Inversion Quantitative Interpretation Inversion 4D Timelapse G
Slide 14: Recurring Software Revenue as a Percentage of Total Revenue
Recurring Software Revenue as a Percentage of Total Revenue Temporary dilution resulting from acquired company revenue mix: targeting 80% over the long-term 81% 80% 71% 67% FY23 FY23 FY24 FY24 FY25 FY25 Target Target Acquired Bluware Acquired Sharp Long-term target for the business is to Q3/24 Q3/25
Slide 15: Financials
Financials The Gold Standard in Simulation 15
Slide 16: Quarterly Recurring Revenue Trends
Quarterly Recurring Revenue Trends TTM Recurring Revenue (RR)* $90.5 $89.4 $88.1 $86.8 $83.4 Positive Total Recurring Revenue* trend $80.6 $81.3 $76.7 Positive impact of expanding through acquisition Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2025 2026 Q4 Q1 Q2 Q3 YoY Organic RR Growth1 -7% -6% -9% -14% Organic Recurr
Slide 17: Quarterly Adjusted EBITDA and Margins
Quarterly Adjusted EBITDA* and Margins TTM Adj EBITDA* $43.3 $42.9 $42.2 $43.8 $44.0 $41.6 $39.1 $34.8 Adjusted EBITDA* downward trend, primarily due to recent declines in organic recurring revenue and professional services Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Acquired businesses operate at lower margins, initia
Slide 18: Appendix
Appendix The Gold Standard in Simulation 18
Slide 19: Summary of Financial Performance
Summary of Financial Performance Three months ended December 31 Nine months ended December 31 (thousands of Canadian $, except per share data) 2025 2024 % change 2025 2024 % change Annuity/maintenance licenses 19,526 20,452 (5)% 58,927 58,089 1% Annuity license fee 4,186 4,303 (3)% 6,354 4,552 40% R
Slide 20: Reconciliation of Non-IFRS to IFRS Financial Measures
Reconciliation of Non-IFRS to IFRS Financial Measures Three months ended Nine months ended December 31 December 31 (thousands of Canadian $) 2025 2024 2025 2024 Net income 5,964 9606 11,989 17333 Add (deduct): Depreciation and amortization 2,641 2267 7,608 6097 Acquisition costs 72 1587 541 2351 Sto
Slide 21: Reconciliation of Non-IFRS to IFRS Financial Measures
Reconciliation of Non-IFRS to IFRS Financial Measures Fiscal 2024 Fiscal 2025 Fiscal 2026 (thousands of Canadian $, unless Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 otherwise stated) Funds flow from operations 10,367 6,515 7,101 9,937 8,227 5,524 3,588 7,068 Capital expenditures (95) (93) (236) (432) (661) (542) (1,0
Slide 22: Offices
Offices Global Head Office Calgary, Canada Regional Offices Houston, United States Bogota, Colombia Rio de Janeiro, Brazil Bengaluru, India Dubai, UAE Oxford, UK Kuala Lumpur, Malaysia Oslo, Norway Stavanger, Norway Kaiserslautern, Germany