Investor Presentation

July 2019

This presentation may contain forward-looking statements and are intended to qualify for the safe harbor from liability established bythe Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of futureperformance. These forward-looking statements include, but are not limited to, future strategic plans and other statements thatdescribe our business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future operating or financialperformance, including, without limitation, the long-term growth of our revenue and gross margin. The words “may,” “will,” “expect,”“plan,” “anticipate,” “could,” “intend,” “target,” “project,” “estimate,” believe,” “predict,” “potential” or “continue” or the negative ofthese terms or other similar expressions are intended to identify forward-looking statements, although not all forward-lookingstatements contain these identifying words. Factors that could affect the outcome of forward-looking statements are uncertain and tosome extent unpredictable, and involve known and unknown risks, uncertainties and other important factors that could cause actualresults to differ materially from those expressed in such forward-looking statements. Any forward-looking statement is based on currentplans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, there can be noassurance that anticipated results will be achieved. More information on factors that could cause actual results to differ materially fromthose anticipated is included in the Risk Factors section in our most recent Annual Report on Form 10-K, and other documents filedfrom time to time with the Securities and Exchange Commission. The forward-looking statements included in this presentation speakonly as of the date hereof, and we undertake no obligation to update or revise any forward-looking statements, whether as a result ofnew information, future events or otherwise.

Forward Looking Statements

1

$212$245

$289 $302 $288

$64

$39$36

$62$64 $76

$26

$251 $281

$351 $366 $364

$89

FY15 FY16 FY17 FY18 FY19 Q1 FY20

Telematics Systems SaaS

Company OverviewCalAmp is a telematics pioneer leading transformation in a global connected economy

Nasdaq: CAMPIrvine, CA headquarters

18% SaaS revenue growth CAGR (FY2015-FY2019)

~1,365 Employees (with recent acquisitions)

$89.1M revenue in First Quarter FY2020

SaaS revenue reached 29% of consolidated revenue

2

Revenues ($M)

10% CAGR

CalAmp Model Transition with Increased SaaS RevenueA company with solid foundation for long-term growth and profitability

3

21%

79%

$364M Revenue

41% Gross Margin

13% Adjusted EBITDA

Connected Telematics Solutions

Long Term Target Model

40%

60% SaaS

Telematics Systems

+10% Y/Y Revenue Growth

50% Gross Margin

20% Adjusted EBITDA

SaaS Solutions and Data Monetization

FY19 | Historical Financials

CalAmp Telematics Lifecycle

44

Do

llar

Sale

s

Years

Original Uses

Subsequent Extensions of Life Cycles

A

B

C

D

#1

#2

#3

#4

An overarching strategy to drive increased SaaS revenue and accelerated growth

Transformation to a Global SaaS Solutions Provider

5

M&A Approach Key Transactions

/ Grow SaaS recurring revenue base in the U.S. and International markets

/ Leverage best practices and technology platform to build profitable and sustainable business model

/ Penetrate SaaS verticals including transport &

logistics, connected car, enterprise fleets

/ Establish market leadership in international markets including EMEA and LATAM

/ Scale telematics platform with expanded worldwide subscriber base

Targeted SaaS Verticals: Our Growth OpportunityEnabling Telematics Applications for the Vehicle Area Cloud Solutions

6

PULS

PEG

CalAmp Telematics CloudConnected Car Solutions

Transport and Logistics

Industrial Machines

Government Fleets

$15B $10B

$5B

Large and Growing Market Opportunities

7

Fleet Management products and services

Enterprise Asset Tracking products and services

Ecosystem Opportunities around Vehicle Lifecycle

Targeting $30B+ global industrial IoT and connected vehicle TAM

*Source: James Brehm & Associates; C.J. Driscoll & Associates; and Berg Insight

Platform and Data

Vertical Solutions

Global Base of Connected Telematic Devices

Market Opportunities

Telematics Systems Software & Subscription Services

Representative Customer BaseCalAmp technology - a hub for business critical data and decisions

8

*CalAmp supplies its products, services, and solutions to these representative customers. The trademarks and trade names mentioned are the property of their respective owners.

Strong International ExpansionCalAmp presence and International growth opportunities in key markets

9

Revenue

U.S.&

CanadaEMEA

LatinAmerica

APAC

Company HQ

Investments for Growth

SalesforceRealignment

Geo-specificInvestment

5-year CAGR

16%FY2019 revenue

$95M

Driving Strong Results

LoJack Expands Its Services to Various Partners

10

SVR and Crash response CTC LoJack SureDriveRecognized Brand

Superstores Direct Dealers Distributors

CalAmp Global Growth DriversUniquely positioned to drive adoption of telematics for emerging applications

11

Drive SaaS applications across vertical markets

Monetize Installed base of telematics devices

Continue International expansion

Financial Slides

Accelerated SaaS Revenue Growth

Growth in Worldwide Subscriber Base

Strong Free Cash Flow Generation

Path to Margin Expansion

Well-Capitalized Balance Sheet

1

2

3

4

5

Financial Highlights

13

Top Line Revenue and Margin Performance

Solid track record of stable revenue and margin performance

14

Note: Fiscal First Quarter 2020 ended 5/31/2019. See Appendix for reconciliation of GAAP to Non-GAAP figures.

$251

$281

$351$366 $364

$89

FY15 FY16 FY17 FY18 FY19 1Q20

Revenues ($M)

35%37%

41% 41% 41% 40%

FY15 FY16 FY17 FY18 FY19 1Q20

Gross Margin %

Revenue Gross Margin Adjusted EBITDA

$38

$49 $49$52

$48

$8

FY15 FY16 FY17 FY18 FY19 1Q20

Adjusted EBITDA ($M)

Growing Global Software and Subscription BaseDriving long-term predictable revenues

15

Application Subscriptions & Other Services Revenue

Global Subscriber Base

($ in Millions)

(in Thousands)

482628 730

9371,237

FY16 FY17 FY18 FY19 1Q FY20

$43$59 $64

$78

$26

FY16 FY17 FY18 FY19 1Q FY20

25% CAGR

22% CAGR

Strong Historical Free Cash Flow (FCF) GenerationStrong profitability and free-cash-flow conversion

16

Note: Free cash flow is calculated as: net cash flow from operating activities less capital expenditures. See Appendix for reconciliation of GAAP to Non-GAAP figures. Free cash flow was negative in the first quarter of FY20 due to our GAAP net loss of $8.7 million coupled with net cash outflow for working capital requirements and capital expenditures. The free cash flow metric for the quarter was not included in the presentation as we believe it is not representative of our continuing operations.

$35

$42$39

$42$40

$4

FY15 FY16 FY17 FY18 FY19 1Q20

Adj. Basis Net Income

$21

$43

$18

$59

$36

FY15 FY16 FY17 FY18 FY19

Free Cash Flow

Adj. BasisNet Income

Free Cash Flow FCF as a % ofAdj. Basis Net Income

60%

102%

46%

139%

90%

FY15 FY16 FY17 FY18 FY19

FCF as a % of Adj. Basis Net Income

Guidance and Outlook

17

Fiscal Year 2020 Guidance

• Telematics revenue to decline by $25 to $30 Million

• SaaS revenue to increase to ~ $120 Million

• Adjusted EBITDA to be equal or greater than $48.2 Million

• GAAP revenue of $89.5 to $94.5 Million

• Non-GAAP EPS of $0.08 to $0.14 per diluted share

• Adjusted EBITDA of $7.5 to $11.5 Million

Second Quarter 2020 Guidance

Appendix

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Appendix: Non-GAAP Reconciliations (1 of 2)(Unaudited; amounts in thousands except per share amounts)

CalAmp Corp. Reconciliation of Non-GAAP Measures to GAAP

(Unaudited)

"GAAP" refers to financial information presented in accordance with U.S. Generally Accepted Accounting Principles. This presentation includes historical non-GAAP financial measures, as defined in Regulation G promulgated by the Securities and Exchange Commission.CalAmp believes that its presentation of historical non-GAAP financial measures provides useful supplementary information to investors. The presentation of historical non-GAAP financial measures is not meant to be considered in isolation from or as a substitute forresults prepared in accordance with GAAP.

In this presentation, CalAmp uses the non-GAAP financial measures of Adjusted basis net income, Adjusted basis net income per diluted share, Adjusted EBITDA (Earnings Before Investment Income, Interest Expense, Taxes, Depreciation, Amortization, Stock-BasedCompensation, gain on legal settlement and other adjustments as identified below), as a substitute for results prepared in accordance with GAAP. Adjusted EBITDA margin and Free Cash Flow. CalAmp uses these non-GAAP financial measures to enhance the investor'soverall understanding of the financial performance and future prospects of CalAmp's core business activities. Specifically, CalAmp believes that the use of these non-GAAP measures facilitates the comparison of results of core business operations between its currentand past periods.

Adjusted Basis Net Income and Net Income per Diluted ShareThe reconciliation of GAAP basis net income (loss) to Adjusted basis (non-GAAP) net income is as follows (in thousands except per share amounts):

GAAP basis net income (loss) $ 16,508 $ 16,940 $ (7,904) $ 16,617 $ 18,398 $ (8,693)

Intangible assets amortization expense 6,590 6,626 15,061 14,989 11,436 3,040

Stock-based compensation expense 4,100 5,854 7,833 9,298 11,029 2,543

Non-cash interest expense from amortization of debt discount - 4,613 6,232 6,627 10,406 3,743

GAAP basis income tax provision (benefit) 8,292 4,572 (1,563) 10,681 (1,330) (2,257)

Impairment loss and quity in net loss of affiliate - 829 1,284 1,411 6,787 530

Loss on extinguishment of debt - - - - 2,033 -

Acquisition and integration expenses - 1,980 4,513 - 935 1,144

Realized gain on investment of equity securities - - - - 629 -

Non-recurring legal expenses, net of reversal of litigation provision - 2,900 9,192 10,738 (11,020) 3,807

Unrealized gain on investment in LoJack common stock - (1,416) - - - -

Gain on legal settlement - - - (28,333) (18,333) -

Restructuring - - - - 8,015 -

Other - - 5,073 1,008 901 461

Adjusted basis income before income taxes 35,490 42,898 39,721 43,036 39,886 4,318

Income tax provision (non-GAAP basis) (a) (328) (499) (1,164) (875) (78) (150)

Adjusted basis net income $ 35,162 $ 42,399 $ 38,557 $ 42,161 $ 39,808 $ 4,168

Adjusted basis net income per diluted share $ 0.96 $ 1.15 $ 1.06 $ 1.17 $ 1.13 $ 0.12

Weighted average common shares outstanding on diluted basis 36,530 36,950 36,397 36,139 35,294 33,733

Year Ended February 28,

(a) The non-GAAP income tax provision represents cash taxes paid or payable for the period after giving effect to the utilization of net operating losses

and tax credit carry forwards.

Three Months Ended

May 31, 20192015 2016 2017 2018 2019

20

(Unaudited; amounts in thousands except per share amounts)

Appendix: Non-GAAP Reconciliations (2 of 2)Adjusted EBITDA and Adjusted EBITDA MarginThe reconciliation of GAAP basis net income (loss) to Adjusted EBITDA, and the calculation of Adjusted EBITDA margin, are as follows (dollars in thousands):

GAAP basis net income (loss) $ 16,508 $ 16,940 $ (7,904) $ 16,617 $ 18,398 $ (8,693)

Investment income (224) (1,871) (1,691) (2,256) (5,258) (2,081)

Interest expense 296 7,595 9,896 10,280 16,726 5,456

GAAP basis income tax provision (benefit) 8,292 4,572 (1,563) 10,681 (1,330) (2,257)

Depreciation and amortization 9,386 10,208 23,469 22,957 20,016 6,885

Stock-based compensation expense 4,100 5,854 7,833 9,298 11,029 2,543

Impairment loss and quity in net loss of affiliate - 829 1,284 1,411 6,787 530

Loss on extinguishment of debt - - - - 2,033 -

Acquisition and integration expenses - 1,980 4,513 - 935 1,144

Non-recurring legal expenses, net of reversal of litigation provision - 2,900 9,192 10,738 (11,020) 3,807

Restructuring - - - - 8,015 -

Gain on legal settlement - - - (28,333) (18,333) -

Other - - 4,339 989 217 235

Adjusted EBITDA $ 38,358 $ 49,007 $ 49,368 $ 52,382 $ 48,215 $ 7,569

Revenue $ 250,606 $ 280,719 $ 351,102 $ 365,912 $ 363,800 $ 89,070

Adjusted EBITDA margin 15% 17% 14% 14% 13% 8%

Free Cash Flow

Free Cash Flow is calculated as follows (dollars in thousands):

Net cash provided (used) by operating activities $ 28,645 $ 47,400 $ 25,796 $ 66,894 $ 47,740 $ (5,552)

Less capital expenditures (7,437) (4,317) (7,962) (8,339) (12,007) (4,954)

Free Cash Flow $ 21,208 $ 43,083 $ 17,834 $ 58,555 $ 35,733 $ (10,506)

Year Ended February 28,

Year Ended February 28, Three Months Ended

May 31, 20192015 2016 2017 2018 2019

Three Months Ended

May 31, 20192015 2016 2017 2018 2019

Business Cases

The Student Journey – Here Comes The Bus / SureDrive + CrashBoxx

22

7:40 am –• Parent receives alert via SureDrive that

bus is approaching bus stop• Parent communicates to child to leave

for bus stop

7:55 am –• Bus arrives at bus stop7:56 am –• Parent receives alert that

child got on bus

8:15 am –• Parent receives alert that

bus arrived• Child gets off the bus

After school

Before school

3:45 pm –• Parent checks in on

children through SureDrive app

3:35 pm –• Teen sibling picks up child from school

4:00 pm –• Parent learns that teen has a minor fender

bender via CrashBoxx Instant Crash Alerts

4:45 pm –• Children arrive home and

alert is sent to Parent

1:30 pm –• School fundraiser for

the sale of SureDrive

The Tool Journey – CalAmp iOn for Service Fleet

23

6:00 am –• Driver logs in mobile app• App automatically pairs driver

with vehicle based on skill set

• Van has appropriate tools for job

6:15 am –• Departing from yard

7: 00 am –• Driver arrived

at worksite

EXIT

2:00 pm –• Driver leaving worksite

• Alert sent to driver on app saying item is missing

3: 00 pm –• Driver arrived back to yard and

disconnected from vehicle

2:02 pm –• Driver heads back to

worksite to retrieve tool

The Cargo Journey – CalAmp iOn for Asset Management

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6:30 am –• In-Transit Validation

6:00 am –Deployment Validation

6:51 am –• Shock Logging

7:02 am –• Temperature Logging

7:23 am –• Location Logging

7:27 am –• Light Logging

7:30 am –• Delivery Validation

Case Study

ChallengeA major logistics company was struggling to find and provide status updates for each one of their trailers to optimize integration for their delivery service. It required significant amounts of staff to scour depots nationwide to continuously capture utilization data

SolutionCalAmp’s asset telematics solution was selected to help streamline the management of thousands of trailers, providing location and other data to the CalAmp Telematics Cloud for reporting and notification alerts. CalAmp’s TTU devices were installed on the trailers in a weekly rotation

ResultsThe company has benefited from real-time information, while reducing manual labor. They are now better able to schedule the trailers based on location and reduce idle time. The data helps them right-size their fleet and optimize utilization

Case Study

ChallengeA major insurance company was seeking to improve the manual processes of managing accident reporting by drivers and vehicle damage for almost 1,000 company taxis. Since drivers are liable for damages, the incidence rate of false reports filed was very high

SolutionLMU-3050 telematics devices were installed on the taxis for a controlled pilot. The accident data was transmitted to two accident management systems, CalAmp’s CrashBoxx™ and an

alternate solution

Results• 1,000 connected taxis• CrashBoxx detected all crash incidents within 90 seconds of

impact. In comparison, the alternate system registered less than half of the crashes

• CrashBoxx identified 6 accidents that were not called in to dispatch

• Our solution provided more location aware data than the driver could iterate

Thank You