PCTEL : Investor Presentation - January 20. 2023

ENABLING CONNECTIVITY

• pctel.com
• Nasdaq: PCTI

Safe Harbor Statement

This presentation contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL, Inc.'s expectations regarding the impact of the COVID-19 pandemic and ensuing supply chain disruptions, future business prospects, forecasted financial information, technology roadmap, strategy, and perceived growth opportunities are forward looking statements within the meaning of the safe harbor. These statements are based on management's current expectations, and actual results may differ materially as a result of various risks and uncertainties. These risks and uncertainties include, among others:

• The impact of data densification and IoT on capacity and coverage demand;
• The worldwide adoption and deployment of new technologies, including 5G;
• PCTEL's ability to develop and grow its wireless business, including in its targeted market segments, and rapidly respond to market trends and demands;
• PCTEL's ability to develop and successfully introduce new and enhanced products that meet our customers' needs, particularly in the industrial IoT and 5G environments;
• The impact of geopolitical events and trade restrictions on sales growth and market penetration; and
• Disruptions to PCTEL's workforce, operations, supply chain and customer demand, and to economic activity in general, caused by the COVID-19 pandemic, and the impact of the pandemic on PCTEL's results of operations, financial condition and stock price.

These and other risks and uncertainties are detailed in the filings of PCTEL with the SEC. The "forward-looking statements" contained in this presentation are made only as of this date, and PCTEL disclaims any obligation to update or revise them, including the financial projections.

PCTEL presents Non-GAAP financial measures. See the PCTEL's quarterly earnings press releases for the reconciliation of GAAP to Non-GAAP financial measures.

2 PCTEL®, Inc. | Nasdaq: PCTI

Why Invest in PCTEL?

• Market leader with established reputation for unique Radio Frequency (RF) and mechanical engineering expertise
• R&D and Innovation supporting the development of knowledge and technology to exploit market growth areas
• Expansive Global Customer Base: Strong partnerships with OEMs, distributors and direct account client bases
• Proven success in industrial IoT, 5G test and measurement, enterprise wireless, intelligent transportation and public safety

PCTEL is a leading global provider of wireless technology, including purpose-built IOT devices, antenna systems and test and measurement solutions, solving complex wireless challenges.

• Strategic IoT & 5G initiatives in growing markets to support long-term revenue growth
• Solid Balance Sheet to fund organic growth, acquisitions and dividend
• 2023 Financial Targets include double-digit top line growth and attractive margins (11% Revenue, 46% Gross margin, 9% EBITDA margin at the mid-point of the range)

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We Solve Complex Wireless Challenges

TECHNOLOGY LEADERSHIP

• 25+ years of leadership solving complex RF challenges
• Experienced management team who respect and appreciate their employees
• Recognized engineering expertise with 105 patents 1

EXPANDING MARKETS

• Expanding addressable target market and customer base driven by IIoT applications, 5G, intelligent transportation and enterprise wireless
• Increasing RF complexity presents significant need for PCTEL's products across targeted vertical markets which support long-term revenue growth

FINANCIAL STRENGTH

• Strong balance sheet with no debt and $28.3M in cash1 supporting growth priorities
• Healthy Free Cash Flow (Target is 7 - 9% of revenues)
• Dividend yielding 4.34%2
• Distributed $36M to shareholders from 2016 - 20211

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1As of June 30, 2022 2 Based on stock price on September 6, 2022

Company Profile

Nasdaq: PCTI				220+		18.2M / 8%			2021 Key Metrics
					•	Adjusted EBITDA: $8.5 Million
			~$100M							•	Revenue: $87.8 Million
Founded 1994,				PCTEL		Total Shares /			• Full Year Diluted Non-GAAP EPS: $0.27
		Market					•	Gross Margin: 46.1%
Headquartered in				Employees		Management
		Capitalization					• Free Cash Flow: $3.3 Million
Bloomingdale, IL				Globally		Ownership
								•	Annual Dividend (Yield): $0.22 (~5.37%)
Product Portfolio:
	ANTENNAS		INDUSTRIAL					TEST &
					IOT					MEASUREMENT
Connecting people, networks, and	Serve enterprise-class IT operations,	Testing tools leveraged to plan,
devices wirelessly, on a world-wide	improving workforce productivity and	deploy and optimize the performance
	basis			safety while optimizing				of wireless networks
					cost-effectiveness

* Corporate Data as of June 30, 2022