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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

BAYLIN TECHNOLOGIESQ2 2018

Baylin (TSX:BYL) is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active RF products and services.

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

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Forward-Looking Statements

This disclosure contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including the “safe harbour” provisions of the Securities Act (Ontario) of the provincial securities laws in Canada. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates and intentions. It also includes information cited from third party sources. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases.

Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Although the forward-looking information contained in this document is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary materially from the forward-looking information. Certain assumptions made in preparing the forward-looking information and our objectives include: our ability to generate sufficient revenue while controlling our costs and expenses; our ability to manage our growth effectively; the absence of material adverse changes in our industry or the global economy; trends in our industry and markets; our ability to manage risks related to expansion; our ability to maintain good business relationships; our ability to develop products and technologies that keep pace with the continuing changes in technology, evolving industry standards, new product introductions by competitors and changing client preferences and requirements; our ability to protect our intellectual property rights; the absence of intellectual property infringement or invalidity claims against us; our ability to manage and integrate acquisitions; our ability to retain key personnel; our ability to raise sufficient debt or equity financing to support our business growth; and the discretion of the Company with respect to the use of the proceeds of the offering.

Consequently, all forward-looking information contained in this document is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this document is provided as of the date of this presentation, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

There are a number of non-IFRS measures used in this document, including EBITDA (earnings before interest, taxes, depreciation and amortization). For the purposes of this document, EBITDA is calculated as revenue less cost of sales and operating expenses. The Company believes that these non-IFRS measures are appropriate measures of the operating performance of the Company or potential acquisitions. The Company’s calculation of these measures may differ from the methodology used by other issuers and, accordingly, may not be comparable to such other issuers. The Company believes that these measures are appropriate measures of the Company’s operating performance because they facilitate an understanding of operating performance without giving effect to certain non-cash and overhead expenses. None of these measures are equivalent to net income or cash flow from operating activities determined in accordance with IFRS.

The industry data, technical information or other information prepared by third parties presented in this presentation, except where otherwise noted, has been compiled from industry sources and participants which, although not independently verified by the Company, are considered by the Company to be reliable sources of information. References in this presentation to reports or articles should not be construed as depicting the complete findings of the entire referenced report or article and such report or article is expressly not incorporated by reference into this presentation. The Company makes no representation or warranty as to the accuracy or completeness of any data or information prepared by third parties included in this presentation and the Company assumes no liability whatsoever relating to or resulting from such data or information or the use thereof, errors therein or omissions therefrom.

All figures are presented in Canadian dollars unless otherwise indicated.

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

RECENT KEY STRATEGIC DEVELOPMENTS

F I S C A L 2 0 1 8

Successfully completed two M&A transactions and increased EV by $109M

Diversified Baylin and reduced Samsung concentration from 43% to 29%

Gained access to a technology that is essential for 5G (mm wave and power)

Added 25 new institutions to the institutional investor base

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

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Baylin is a World-Leader in Data Transmission

Mobile antennas

Infrastructure antennas

Embedded antennas

Satellite connectivity

products

~23% compound annual growth in revenue since 2014

$141M 2017 revenue(1)

~950 employees

100+ patents

Baylin offers a turnkey solution that enables data to be transmitted across wireless networks

5 R&D centers

(1) Pro-forma for the acquisition of Alga Microwave and the RF & Microwave divisions of Advantech Wireless

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Broad Geographic Footprint

Legend

Baylin Locations

Baylin HQ

Bogota, Columbia

Toronto, ON Canada

Wuxi, China

Tempe, AZ USA

Seoul, South Korea

Hanoi, Vietnam

Montreal, QC Canada

Atlanta, GA USA

São Paulo, Brazil

Cambridgeshire, UK Moscow, Russia

Kolkata, India

Ottawa, ON Canada

Newark, NJ USA

Dallas, TX USA

Jabil BSA production facility

Guadalajara, Mexico

NYC, NY USA

California, USA

Mexico City, Mexico

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Experienced Board of Directors

Jeffrey C. RoyerChairman

Director Since:Sep. 2013

Harold WolkinVice-Chairman

Director Since: Nov. 2013

Randy DeweyDirector, President & CEO

Director Since: Sep. 2013

David SaskaDirector

Director Since: May 2018

Don SimmondsDirector

Director Since: Nov. 2013

Stockwell DayDirector

Director Since: Nov. 2013

Barry J. ReiterDirector

Director Since: Nov. 2013

David GelermanDirector

Director Since: Feb. 2018

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Recent Hires Have Enhanced our Management Team

Randy DeweyDirector, President & CEOYear Joined: 2015

Michael WolfeChief Financial OfficerYear Joined: 2017

Mike MoonPresident, Asia PacificYear Joined: 2014

Experience:

Jerry KirshmanCOO & President, Americas / EMEAYear Joined: 2017Experience:

John RestivoPresident, AdvantechYear Joined: 2018

Experience:

Helder ConstantinoChief Strategy OfficerYear Joined: 2015

Jay GiblonVP, Information TechnologyYear Joined: 2015

APAC Americas / EMEA Advantech

Dr. Minya GavrilovicEVP, Innovation & Product Strategy

Year Joined: 2017

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi3oPzW1uLaAhUL8IMKHRI4Dy0QjRx6BAgBEAU&url=http://www.sky-brokers.com/home/suppliers/radyne-comstream-inc-cefd-&psig=AOvVaw35Z2kA7VvgoK9Dg8yBMF_w&ust=1525201012215358http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi3oPzW1uLaAhUL8IMKHRI4Dy0QjRx6BAgBEAU&url=http://www.sky-brokers.com/home/suppliers/radyne-comstream-inc-cefd-&psig=AOvVaw35Z2kA7VvgoK9Dg8yBMF_w&ust=1525201012215358

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

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GALTRONICS

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40 YEARS OF INNOVATION

2012Spider CloudSmall Cell

DirectionalPanel20/60698-2700 MHz

Ultra FlatMIMO2-port694-2700MHz

1978Motorola HT200Portable Two-Way Radio

1992Nokia 1011

1983MotorolaDynaTAC 8000x

2003Nokia

2010Samsung Galaxy 1

2013SamsungGalaxy S42012

Cisco Linksys e4200 Router

2012PEAR™ MIMOAntenna2002

Elster 2261ABB WAH Meter

Narrow Beam DirectionalPanel30/60694-2700MHz

Outdoor Canister10-port 24”1695-5950 MHz

Omni Whip4-port 60” x 2”1695-2180MHz

2014

20152016

2017

20172018

2018

DirectionalPanel30/30 4 Port1695-5950 MHz

3M Film

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Continued Investment in 4G-LTE and Rollout of 5G Network Will Drive Sustained Growth for Many Years to Come

1980 2000 201019901G 2G 3G

2020

Primary Services

4G - LTE 5G

Mobile broadbandDigital phone calls

Analogue phone calls

Maximum Downlink Speed

Sample Devices

Distinguishing feature

All IP services Lower latency rates, increased

flexibility

42.2 Mb/s 1,000 Mb/s 10,000 Mb/s1 Mb/sn.a.

Mobility Voice calls Mobile internet experience

Widespread adoption of broadband

internet

Connected devices

Source: GSMA Intelligence - Report on 5G, 451 Research Report - 5G: Innovation, Disruption and Opportunity Ahead(1) ABI Research Report(2) SNS Telecom Research - May 2017

Wireless carriers are expected to spend $61 billion annually on network infrastructure through 2020, the vast majority being 4G-LTE investments.(1) In addition, carriers are expected to spend $21 billion on the 5G network by the end of 2025(2)

Network Peak Date

Launch Date

2000 2020 20302010 2040

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Infrastructure Antennas Division

Wireless providers under increasing pressure to improve coverage and bandwidth

Baylin's products are integral to some of the most advanced DAS in the world

Growth opportunities driven by LTE network densification

Baylin has installed thousands of small cell systems

Current antennae not compatible with 5G

Baylin is leveraging its status as an approved supplier to capture market share in this fast growing market

Distributed Antenna Systems (“DAS”)

Small Cell Base Station Antennas

TAM - US$1.9B TAM - US$1.4BTAM - US$1.1B

Image Source: Qorvo – Small Cell Networks and the Evolution of 5G(1) EJL Wireless Research Report and ABI Research Report; Company estimates(2) Technavio – Global Small Cell Market 2017-2021 Report; Company estimates

Growth Drivers Today Future Growth Driver

(1) (2) (1)

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Galtronics Value –Small Cell Solutions Plus 5G

Small Panels for Fill-In Coverage

Multi-band Whips for Urban Coverage

Wide & Expanding Portfolio of Small Cell/Densification Solutions…

Galtronics is a leading supplier of Small Cell/Densification Antennas in North America

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Embedded & Mobile Antenna Divisions are Well Positioned to Contribute to Growth

Telecom and broadcast companies are now outfitting their set-top boxes with cellular capabilities, transitioning them into small cell-like devices

Baylin is one of few companies with the expertise to capitalize on this opportunity

Growth Drivers

Embedded Antennas Mobile Antennas

Growth Drivers

12+ year relationship with a large mobile handset OEM, Baylin is a tier-one antenna supplier

50% of the top North American wireless operators have signed Master Purchase Agreements (MPAs) with Baylin

12+ years of experience ~40 years of experience

Increased video and data streaming

Greater demand for high speed

Onset of wireless wearable devices

Increased communication between devices in the home and business

3+ new hardware OEMs added in 2017, including large Fortune 500 OEM

~90% of routers have shifted to embedded antenna solutions since Baylin changed the technology to internal solutions in 2007

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Embedded and Mobile

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

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ADVANTECH WIRELESSTECHNOLOGIES INC.

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C L E A R S I G N A L S . S O U N D I N V E S T M E N T S .

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Satellite Connectivity Products

Overview Representative End-Markets

Satellite communication is used to send signals long distances where the Earth’s curvature creates an obstruction.

Required in remote areas where there is an absence of wired or traditional networks.

(1) Grand View Research & RFC Market Research Future; Company estimates

Broadcast Government & Military

Enterprise & Corporate Oil & Gas

Direct-to-Home Satellite

Maritime & Cruise Ships

Wireless Communications

Homeland Security

Uplink Downlink

TAM - US$3.2B(1)

RF, microwave and antenna products are used in transmitting earth stations

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Manufacturing Locations: Dorval, CAN

Design & Sales: Duluth, GA; Sao Paulo, Brazil; Mexico City, Mexico;

Bogota, Colombia; Cambridge, UK 185 Individuals

Business Focus: Design & Manufacturing of Satcom Products SSPAs, BUCs, RF Converters, LNAs, Switching & Combining Aviation & Military RADAR System Engineering Integrated terminals – SNG, Flyaway, Earth Station

Markets: Defense Commercial Broadcast

Advantech Wireless Technologies

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Recent Acquisition of Advantech Significantly Expands Baylin’s Capabilities

Acquisition Highlights

Improves Gross Margin and EBITDA Margin

Enhances Baylin’s Fastest Growing Segment, Infrastructure

Provides Access to New Untapped Verticals and Expands Geographical Footprint

Meaningful Revenue and Cost Synergies

Advantech Profile

Designer and manufacturer of customizable RF and microwave products for highly specialized wireless communications markets

Millimeter wave and active component expertise

25+ yrs of significant innovations, including pioneering the use of Gallium Nitride (“GaN”) technology to create smaller, lighter, and more powerful products

160+ clients in over 150 countries and offices in North America, South America and Europe

All power levels (5 W to 6000 W)

All bands (C-Band to Ka-Band)

Expert in RF innovation, leading the industry shift to GaN technology

Frequency bands from 6 GHz to 38 GHz

Used mainly in satellite ground stations and wireless base stations

RF Division Microwave Division

Provides Entry into Satellite Connectivity Market

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ALGA

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Alga Products & Customers

CustomersProducts

Alga products include

– RF and microwave solid state power amplifiers

– Pulsed amplifiers for radar applications

– Transmitter and transceiver products

– RF passive components and systems

Product offering covers all major frequency standards

– Active components product offering covers L, S, C, X, Ku and Ka bands with frequencies that range from 2.0 GHz to 31.0 GHz with power level from 5W to 12kW

– Passive components product offering covers 500.0 MHz to 100.0 GHz

https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjqqIDzmanbAhUDL30KHSvtBI4QjRx6BAgBEAU&url=http://brandingsource.blogspot.com/2013/11/new-logo-philips.html&psig=AOvVaw2pxkcos01PdtvPNrPQV3zY&ust=1527624237291308https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjqqIDzmanbAhUDL30KHSvtBI4QjRx6BAgBEAU&url=http://brandingsource.blogspot.com/2013/11/new-logo-philips.html&psig=AOvVaw2pxkcos01PdtvPNrPQV3zY&ust=1527624237291308https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwj2h8-RmqnbAhU1HjQIHSfSD6AQjRx6BAgBEAU&url=http://www.brandsoftheworld.com/logo/l3-communications&psig=AOvVaw1se5hJvjAmBs5-o4G3cwyG&ust=1527624299691407https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwj2h8-RmqnbAhU1HjQIHSfSD6AQjRx6BAgBEAU&url=http://www.brandsoftheworld.com/logo/l3-communications&psig=AOvVaw1se5hJvjAmBs5-o4G3cwyG&ust=1527624299691407https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi8u9WsmqnbAhUiHTQIHRccBKgQjRx6BAgBEAU&url=https://seeklogo.com/free-vector-logos/parker&psig=AOvVaw1iyYZM2snF0HF5aay_fYvA&ust=1527624359917377https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwi8u9WsmqnbAhUiHTQIHRccBKgQjRx6BAgBEAU&url=https://seeklogo.com/free-vector-logos/parker&psig=AOvVaw1iyYZM2snF0HF5aay_fYvA&ust=1527624359917377https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVxZD-manbAhUDOH0KHSjRBBIQjRx6BAgBEAU&url=http://ctia.vporoom.com/TeleComSys/index.php?s%3D35495&psig=AOvVaw196YpcV4q4IKc5qbKp-vel&ust=1527624261125750https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVxZD-manbAhUDOH0KHSjRBBIQjRx6BAgBEAU&url=http://ctia.vporoom.com/TeleComSys/index.php?s%3D35495&psig=AOvVaw196YpcV4q4IKc5qbKp-vel&ust=1527624261125750https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjS5su4mqnbAhUCCTQIHcFBAskQjRx6BAgBEAU&url=http://best.insa-lyon.org/en/content/educational-partners&psig=AOvVaw3ZEGW46ZutsyCZBZSvN8kU&ust=1527624381770769https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjS5su4mqnbAhUCCTQIHcFBAskQjRx6BAgBEAU&url=http://best.insa-lyon.org/en/content/educational-partners&psig=AOvVaw3ZEGW46ZutsyCZBZSvN8kU&ust=1527624381770769https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwix_IaImqnbAhW0On0KHa6UA2AQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Rockwell_Collins_logo.svg&psig=AOvVaw3pELrXfvcEe6zpX9b-N2HO&ust=1527624283154438https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwix_IaImqnbAhW0On0KHa6UA2AQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Rockwell_Collins_logo.svg&psig=AOvVaw3pELrXfvcEe6zpX9b-N2HO&ust=1527624283154438https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVsJLsmqnbAhWhKX0KHV0kCu0QjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:General-Dynamics-Logo.svg&psig=AOvVaw22qSyytTwoL0S7QNWUz8ur&ust=1527624490257486https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVsJLsmqnbAhWhKX0KHV0kCu0QjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:General-Dynamics-Logo.svg&psig=AOvVaw22qSyytTwoL0S7QNWUz8ur&ust=1527624490257486https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiG15v_mqnbAhWKJDQIHegwACcQjRx6BAgBEAU&url=https://centreforaviation.com/data/profiles/suppliers/vt-idirect&psig=AOvVaw3Ss3LZ6nCurJxjzWIIPKwb&ust=1527624533602048https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiG15v_mqnbAhWKJDQIHegwACcQjRx6BAgBEAU&url=https://centreforaviation.com/data/profiles/suppliers/vt-idirect&psig=AOvVaw3Ss3LZ6nCurJxjzWIIPKwb&ust=1527624533602048https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjH8ODSmqnbAhWYBjQIHdsJBWMQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Airbus_logo_2017.png&psig=AOvVaw3qedQ1k5J0q7jbU9kcIbU-&ust=1527624438506656https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwjH8ODSmqnbAhWYBjQIHdsJBWMQjRx6BAgBEAU&url=https://commons.wikimedia.org/wiki/File:Airbus_logo_2017.png&psig=AOvVaw3qedQ1k5J0q7jbU9kcIbU-&ust=1527624438506656https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiCn4T3mqnbAhW7IjQIHbW_CcAQjRx6BAgBEAU&url=https://www.efairport.com.au/operator/cobham-2/&psig=AOvVaw1XNQTejlRXV5_uXyKlKOxZ&ust=1527624515212608https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiCn4T3mqnbAhW7IjQIHbW_CcAQjRx6BAgBEAU&url=https://www.efairport.com.au/operator/cobham-2/&psig=AOvVaw1XNQTejlRXV5_uXyKlKOxZ&ust=1527624515212608https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVxZD-manbAhUDOH0KHSjRBBIQjRx6BAgBEAU&url=http://ctia.vporoom.com/TeleComSys/index.php?s%3D35495&psig=AOvVaw196YpcV4q4IKc5qbKp-vel&ust=1527624261125750https://www.google.com/url?sa=i&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiVxZD-manbAhUDOH0KHSjRBBIQjRx6BAgBEAU&url=http://ctia.vporoom.com/TeleComSys/index.php?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Alga Acquisition Highlights

Acquisition Highlights

Enhances One of Baylin’s Faster Growing Segments, Satellite Connectivity Products Addition of Experienced Management

Accretive to EPS(1) Immediate Cost Saving Opportunities

Improves Gross Margin and EBITDA Margin

Improves Supply Chain and Procurement Capabilities

Revenue Synergies Driven by New Relationship with Tier 1 OEM

(1) Based on consensus research estimates

New State-of-the-Art Facility Creates Large Platform for Growth

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Alga Overview

FY 2018A Financial Summary(1)(2)Overview

Alga is a market leader in the engineering design and development of Radio Frequency and Microwave components

Fast product development cycle is a key success factor

– 4 weeks for passive components

– 3 months for active components

41 full-time equivalents as at March 31, 2018

Founded in 2003 and based in Kirkland, Quebec

Key Management

Michael PerelshteinPresident & CEO

Mr. Perelshtein is an experienced manager and operations professional, who holds countless relationships with OEMs and has significant expertise in the area of procurement

Mr. Perelshtein founded Alga in 2003 and has previous work experience at Wavesat Telecom, C-Mac / Selectron and GHz Technologies

Mr. Perelshtein holds a M.Sc.Eng and a BCom. Degree from Kazan State University

Frank PanarelloCOO & President, Trilogix EMS

Mr. Panarello is an experienced operations and finance professional, with over a decade of experience at Trilogix EMS. Prior to this role, he worked at Nortel Networks

Mr. Panarello holds an MBA from the Ivey School of Business at Western University and a Bachelor’s in Mechanical Engineering from McGill

$15.6M Revenue

(1) For the fiscal year ended March 31, 2018(2) This page contains non-IFRS measures. See “Disclaimer” on pages 2-3

$3.7M Adj. EBITDA

~49% Gross Margin

~24% Adj. EBITDA Margin

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BAYLIN TECHNOLOGIES-AUGUST 2018

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$0.9

$8.9

$0.4

$4.4

$3.2

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

Mobile Antennas Embedded Antennas Infrastructure Antennas Satellite ConnectivityProducts

Total Addressable Market

Addr

essa

ble

Mar

ket (

US$

B)

Baylin’s Key Addressable Markets are Large & Growing

Mar

ket

Gro

wth

~6% CAGR(1) ~3% CAGR(2)

(1) Statista, excludes BSA market; CAGR from 2017-2023 as per Research & Markets report(2) Global Market Insights - CAGR from 2016-2022; Company estimates

(3) EJL Research, ABI Research, Technavio; Company estimates(4) Grand View Research & RFC Market Research Future; Company estimates

20%+ CAGR(3) 16% CAGR(4)

~30% margin ~35% margin 40%+ margin 45%+ margin

Infrastructure and satellite, Baylin’s most profitable markets, are also the largest and the fastest growing.

(1) (2) (3)

(4)

Bay

lin G

ross

M

argi

n

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Innovation and R&D Expertise Are Baylin’sKey Competitive Advantage

Nimble Some of our competitors are too large to

compete on smaller products. Baylin is nimble enough to act as an extension of a customer’s R&D department.

Concept to Production We understand customer needs and

provide high quality custom solutions from concept to production.

Specialized R&D Centres With 4 R&D Centers we can creatively solve

challenging projects.

How Baylin Wins Clients High Barriers to Entry

Supplier Contracts Carriers, service providers and OEMs have

challenging qualification requirements.

Technology Expertise Baylin has industry-leading talent able to

design and develop products that meet customer specifications.

Best-In-Class Operations Highly-specialized, technologically advanced

manufacturing and test capabilities.

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Blue Chip Customer Base

Infrastructure Antennas Satellite Connectivity Products

Embedded Antennas Mobile Antennas

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Growth Strategy

Organic Inorganic

Actively seeking acquisitions which provide:

Expansion into more sophisticated product lines

Focus on driving down manufacturing costsNew geographical markets

Focus on innovation in each of Baylin’s four key segments

Technological capabilities

New OEM customersLeverage prime supplier status with large customers

Optimize working capital and costs, further driving margins

New verticals

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RE-RATING OF BAYLIN

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Q2-2018 SUMMARY INCOME STATEMENT

(CAD in 000's) Q2 Q1 Q4 Q3 Q2 Q1Revenue 32,578 29,438 24,351 27,140 20,349 19,801 Gross profit 13,048 10,562 7,178 8,424 6,801 5,942 as % of Revenue 40.1% 35.9% 29.5% 31.0% 33.4% 30.0%Operating costs 11,534 13,602 7,168 6,812 8,974 7,168 Operating income (loss) 1,514 (3,040) 10 1,612 (2,173) (1,226) Net income (loss) 292 (4,607) (257) 896 (3,205) (1,644) Income (loss) per share $0.01 ($0.14) $0.00 $0.04 ($0.15) ($0.08)Adjusted EBITDA 2,889 1,446 1,322 3,076 406 151

2018 2017

Sheet1

20182017

(CAD in 000's)Q2Q1Q4Q3Q2Q1

Revenue32,57829,43824,35127,14020,34919,801

Gross profit13,04810,5627,1788,4246,8015,942

as % of Revenue40.1%35.9%29.5%31.0%33.4%30.0%

Operating costs11,53413,6027,1686,8128,9747,168

Operating income (loss)1,514(3,040)101,612(2,173)(1,226)

Net income (loss)292(4,607)(257)896(3,205)(1,644)

Income (loss) per share$0.01($0.14)$0.00$0.04($0.15)($0.08)

Adjusted EBITDA2,8891,4461,3223,076406151

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CAPITAL MARKETS AND FINANCIAL SNAPSHOT

BYL-TO August 31, 2018

Price C$3.62

Market Capitalization

C$139.3m

Issued Shares : 39,803,181

Insider Ownership ~50%

B Y L .T O B a y l i n Te c h n o l o g i e s I n c . T S E

Baylin Technologies Inc.Exchange: TSX Exchange | August 31, 2018, 4:30 p.m.EDT

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IMPROVING RESULTS ALL FIGURES IN CANADIAN DOLLARS

Customer D ivers i f i cat ion

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IMPROVING RESULTS ALL FIGURES IN CANADIAN DOLLARS

Gross Prof i t /Marg in EV vs ADJUSTED EBITDA

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IMPROVING RESULTS ALL FIGURES IN CANADIAN DOLLARS

G R O S S P R O F I T/ M A R G I N T R A I L I N G T W E LV E M O N T H S

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Comparable Company Analysis

Currency Loca l

Date 8/3/2018

USD

Baylin Technologies Comps

In millions except per share data LTM EBITDA Rev CAGR

Company Name Price EV Margin 15A-19E 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019

Antenna

Amphenol 93.84 30,631 23.6% 4.2% 4.9 x 4.4 x 3.9 x 3.7 x 20.9 x 18.4 x 16.4 x 15.3 x 34.5 x 30.1 x 26.0 x 23.6 x

CommScope 31.60 9,903 20.1% 2.1% 2.0 x 2.2 x 2.1 x 2.0 x 8.8 x 10.1 x 10.2 x 9.6 x 12.0 x 14.8 x 13.2 x 11.9 x

La i rd Plc 2.00 1,477 12.1% 2.8% 1.4 x 1.2 x 1.1 x 1.1 x 11.8 x 9.6 x 9.6 x 8.6 x 19.1 x 18.0 x 19.0 x 16.8 x

Partron 7,070.00 381 11.5% 4.8% 0.5 x 0.5 x 0.5 x 0.4 x 4.7 x 6.9 x 6.3 x 5.0 x 16.9 x 306.6 x 20.0 x 11.5 x

TE Connectivi ty 92.51 35,474 21.3% 3.9% 2.9 x 2.7 x 2.4 x 2.3 x 14.1 x 12.5 x 11.3 x 9.8 x 22.7 x 19.2 x 16.6 x 15.4 x

RF & Component Suppliers

Airga in 9.40 59 0.9% 24.7% 1.4 x 1.2 x 1.0 x 0.9 x 12.8 x nmf nmf nmf 23.5 x 30.3 x nmf 44.8 x

Qorvo 84.41 10,767 32.9% 4.3% 3.6 x 3.6 x 3.3 x 3.1 x 12.0 x 11.8 x 9.9 x 8.5 x 18.5 x 16.5 x 13.6 x 11.9 x

Semtech 48.65 3,139 18.8% 5.4% 5.8 x 5.3 x 4.8 x 4.3 x 19.9 x 17.4 x 14.5 x 12.6 x 35.3 x 26.0 x 22.2 x 18.8 x

Skyworks 95.62 15,572 41.8% 3.0% 4.7 x 4.3 x 4.0 x 3.8 x 10.8 x 9.9 x 9.3 x 8.6 x 17.2 x 14.8 x 13.3 x 12.1 x

u-blox 183.90 1,249 21.2% 7.4% 3.5 x 3.1 x 2.7 x 2.3 x 15.3 x 14.4 x 12.6 x 10.4 x 27.1 x 24.3 x 22.7 x 19.5 x

Average 2.3 x 2.2 x 2.0 x 1.9 x 9.8 x 11.5 x 10.8 x 9.7 x 21.0 x 20.5 x 19.0 x 15.8 x

Median 2.0 x 2.2 x 2.1 x 2.0 x 11.8 x 10.1 x 10.2 x 9.6 x 19.1 x 19.2 x 19.0 x 15.4 x

Baylin Technologies (PCI) 3.49 111 5.7% 36.5% 1.3x 1.2x 0.8x 0.7x 165.7x 22.3x 7.2x 4.5x nmf nmf 133.2x 12.2x

Notes:

Ruckus Wireless (RKUS)

P/EEV/EBITDAEV/Sales

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