Pelican AI Corp. · CSE:PEL
Pelican AI — Investor Presentation (October 2025)
32 slides from Pelican AI's investor presentation, Oct 1, 2025
Slide 1: Faster and Safer Payments and Compliance
Faster and Safer Payments and Compliance All figures in C$ unless otherwise noted Corporate Presentation September 2025
Slide 2: Disclaimer
Cautionary Note Regarding Forward-Looking Information Disclaimer Forward-looking Statements. This document and the material contained herein are confidential and are not to be disclosed to the public. This is for information purposes only and may not be reproduced or distributed to any other person
Slide 3: Disclaimer (cont.)
Cautionary Note Regarding Forward-Looking Information Disclaimer (cont.) The forward-looking statements and FOFI contained in this document are expressly qualified by this cautionary statement. Certain information contained herein is based on, or derived from, information provided by independent thi
Slide 4: Disclaimer (cont.) Non-GAAP Measures
Cautionary Note Regarding NON-GAPP Measures Disclaimer (cont.) USE OF NON-GAAP MEASURES: This presentation refers to "Adjusted EBITDA", which is a non-GAAP and non-IFRS financial measure that does not have a standardized meaning prescribed by GAAP or IFRS. EBITDA is calculated as income or loss befo
Slide 5: Payments, Financial Crime & Compliance
Payments, Financial Crime & Compliance Established Growth Platform AI-Driven from Day One Founded in 1993, Pelican provides AI- >2 Billion $14 Trillion powered payment and compliance Processed Transactions Value of Processed solutions for banks, neo-banks and Transactions I N D E B O X - 2 0 1 9 fin
Slide 6: Q1/25 Highlights
Accelerating Growth and Innovation Q1/25 Highlights Q1 Notable Wins Closed $3.5M Q1 20251 Renewal SEPA Instant Payment Select YTD Successes 58% Q1 2025 Gross Margin2 Delivery Delivery Delivery $1.6M Q1 2025 Adjusted EBITDA3 45% Delivery Delivery Q1 2025 Adjusted EBITDA Margin4 Fraud Detection, Activ
Slide 7: Challenges Facing Banks
Market Opportunity Challenges Facing Banks Global banks are struggling to Pelican’s specialized AI technologies help manage conflicting priorities: global banks and institutions: Speed Compliance Process Reduce Mitigate Payments Faster Operating Costs Legal Risk 7
Slide 8: Products and Offerings
Comprehensive Solutions for Payments and Compliance Products and Offerings AI-Powered Trade Finance Financial Crime & Payments: Automation: Compliance: Cloud-based platform with embedded Automates trade finance processes AML, fraud detection, and sanction list AI for seamless transactions. and scans
Slide 9: Market Primed for New Leaders
Payments, Financial Crime & Compliance Market Primed for New Leaders AI in Banking Market Total Addressable Market Serviceable Annualized Addressable Serviceable Market Obtainable Annualized Market Annualized Market (1) (2) (2) (2) Expansion TAM SAM SOM $28.6B+ $6.0B+ $1.4B $255.9M 1) Source: https:
Slide 10: Case Studies: Global Payments
Case Studies Global Payments Global American Bank Customer Needs Solution Outcomes The Challenge: Faced low STP rates, Integrated Pelican's AI- Increased STP rate to 96.8% Global banks faced challenges with low delayed payments, and high powered platform for Straight-Through Processing (STP) rates,
Slide 11: Case Studies: Global Sanctions
Case Studies Global Sanctions European Bank Based in Germany Solutions/ Requirements Geographies Outcomes The Challenge: SEPA Achieved 80% efficiency with the 50 Global banks require a comprehensive global lowest false positive rate. sanctions screening process that is centrally RTGS managed and loc
Slide 12: Case Studies: Trade Compliance
Case Studies Trade Compliance Distinguished Bank in India Customer Needs Solution Outcomes The Challenge: Implementation of Trade Automate Operational Process 180,000 Global banks must comply with stringent digitization and Automation Processes transactions per year regulatory requirements for Trade
Slide 13: Blue Chip Global Banking Clients
Long-standing Relationships Blue Chip Global Banking Clients 13
Slide 14: Benefiting Banks Globally
Established Revenue Streams Benefiting Banks Globally $14M+ 70-80% 97.3% Increase Revenue Annually Cost Reduction Increase in STP rate $2.6M+ 75% 32% Annual Savings on Reduction in False Improved Capacity w/o Manual Efforts Positive Hits Increasing Headcount With Pelican, we can adopt a single compr
Slide 15: The Pelican.AI Rule of 40
Accelerating Growth and Innovation The Pelican.AI Rule of 40 Target Operating Metrics $20.0 Revenue Growth + Profit > 40% $14.0 Go-to-Market (GTM) Americas Operational & EMEA.A Support $7.4M 75%+ GP Team Adj. Assessment Cost Structure EBITDA and Review Revenue Gross Enhancement Margin $13.6 (1) Prod
Slide 16: Sources and Use of Proceeds
Accelerating Growth and Innovation Sources and Use of Proceeds Sources Offering Proceeds $5.00M Total Sources $5.00M Uses Go-to-Market (GTM) Americas & EMEA.A • Sales leadership • Partner program development $2.25M • Content marketing, events, media Product Development • Generative AI integration $1
Slide 17: Pelican AI - Canadian Peer Group
Pelican AI - Canadian Peer Group Pelican AI - Peer Group | October 1, 2025 Market Enterprise Revenue EBITDA Operating Cashflow Company Ticker Share Price Cap. Value CY2025 CY2026 CY2025 CY2026 CY2025 CY2026 (US$) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) kneat.com, inc. TSX:KSI $4.26 $
Slide 18: Pelican AI – US Small Cap Peer Group
Pelican AI – US Small Cap Peer Group Pelican AI - Peer Group | October 1, 2025 Market Enterprise Revenue EBITDA Operating Cashflow Company Ticker Share Price Cap. Value CY2025 CY2026 CY2025 CY2026 CY2025 CY2026 (US$) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) (US$M) Docebo Inc. NASDAQ:DCBO $27
Slide 19: Offering Terms
Pelican is now raising $5 million in conjunction with its Go Public transaction at a valuation of $29.6 million Offering Terms Issuer: Pelican Canada Inc. Offering: 20M subscription receipts Issue Price: C$0.25 per subscription receipt Converts into common shares on escrow release within 180 days of
Slide 20: Issuer Cap Table
Pelican is now raising $5 million in conjunction with its Go Public transaction at a valuation of $29.6 million Issuer Cap Table Resulting Issuer Capitalization Table (Pre-Money) (6) RTO Financing RTO Financing Common Shares(5) Common Shares (1)(2) 85,703,164 20,000,000 (C$5M) Restricted Share Award
Slide 21: Management and Team
Management and Team Sasha Grujicic, CEO Mahesh Patankar, Global Head of Sales • Former CEO of NowVertical Group. • Over two decades in transaction banking and financial technology. • Former Chief Strategy Officer, 1QBit Advanced Quantum Computing. • A seasoned leader in payments, sanctions complianc
Slide 22: Contact
485 B Route One. South Suite 310, Iselin NJ 08830 USA Contact sgrujicic@pelican.ai https://www.pelican.ai/ 22
Slide 23: Appendix I
_ =a Pelican.ai APPENDIX | . 7 ee 237/
Slide 24: Market Drivers
1. Compliance Increasing Regulatory Cybersecurity and Fraud Requirements: Detection: Global Anti-Money Laundering (AML) fines In the face of this cyber onslaught, totaled USD~5B in 2022, highlighting the organizations around the world spent growing emphasis on compliance.1 around $150 billion in 2
Slide 25: Organization Chart
Organization Chart Pelican Canada Inc. (Ontario Corporation) 100% Ownership Ace Software Solutions, Inc. (New Jersey Corporation) 100% Ownership Ace Software Solutions Limited (England & Wales Company) 25
Slide 26: Appendix II
Pelican.ai APPENDIX II Years
Slide 27: Disclaimer: Statutory and Contractual Rights of Action
Statutory and Contractual Rights of Action Disclaimer Securities legislation in certain of the provinces of Canada and other jurisdictions outside of Canada, as applicable, provides investors with rights of rescission or damages, or both, where an offering memorandum or any amendment to it contains
Slide 28: Disclaimer (cont.)
Statutory and Contractual Rights of Action Disclaimer (cont.) Alberta, British Columbia and Québec Investors. By purchasing securities of Pelican, investors in Alberta, British Columbia and Québec are not entitled to the statutory rights described above. In consideration of their purchase of the sec
Slide 29: Disclaimer (cont.)
Statutory and Contractual Rights of Action Disclaimer (cont.) Similar rights of action for damages and rescission are provided in Saskatchewan legislation in respect of a misrepresentation in advertising and sales literature disseminated in connection with an offering of securities. Saskatchewan leg
Slide 30: Disclaimer (cont.)
Statutory and Contractual Rights of Action Disclaimer (cont.) any part of the offering memorandum or any amendment to the offering memorandum not purporting (a) to be made on the authority of an expert or (b) to be a copy of, or an extract from, a report, opinion or statement of an expert, unless th
Slide 31: Disclaimer (cont.)
Statutory and Contractual Rights of Action Disclaimer (cont.) Newfoundland and Labrador Investors. If an offering memorandum, together with any amendment thereto, contains a misrepresentation, a investor has, without regard to whether the investor relied on the misrepresentation, a statutory right o
Slide 32: Disclaimer (cont.)
Statutory and Contractual Rights of Action Disclaimer (cont.) New Brunswick Investors. Under New Brunswick securities legislation, certain investors who purchase securities offered by an offering memorandum during the period of distribution will have a statutory right of action for damages, or while