INVESTOR

PRESENTATION
APRIL 2017
FORWARD LOOKING STATEMENTS
This document may contain forward-looking statements and/or assumptions that involve known and/or unknown risks. Such statements and
assumptions may include: the size and/or economics of the market, plans and intentions to increase market share, expand geographically,
and/or further develop product capabilities; the results of strategic initiatives; and the impact of competition. These forward-looking
statements and assumptions are based on the expectations of Solium and involve known and unknown risks, uncertainties and other
factors that may cause or influence the actual results, market performance, or achievements to differ from any future expected results,
performance or achievements expressed or implied by such forward-looking statements. Solium is not making any representation,
expressed or implied, as to the accuracy or completeness of the statements or assumption of future performance and operational results
made in this document. Important factors that could cause or influence such differences include, but are not limited to: inaccurate
assumptions on the size and/or economic parameters of the market; changes in economic or business conditions in general; changes in the
competition; changes in services provided by Soliums suppliers, alliance partners, and channel partners; changes in customer needs and
expectations; and any governmental or regulatory actions. In making an investment decision, prospective investors must make their own
determinations as to the reliability of these projections, assumptions and forward-looking statements. Solium undertakes no obligation to
update any forward-looking statement, assumptions, or the other information herein in order to reflect events or circumstances that may
arise after the date of this document. The information in this document is not to be copied, printed or distributed without the prior written
approval of Solium.

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A500 -EMPLOYEE
COMPANY CAN GENERATE
12,500 SHARE-BASED
TRANSACTIONS EACH YEAR

3
LAYER ON MULTIPLE
JURISDICTIONS,
REPORTING CURRENCIES
AND TAX REGIMES

4
BUILDING THE WORLDS
LEADING EQUITY
MANAGEMENT PLATFORM

5
SINGLE SAAS PLATFORM

Single, real-time, Transacting onon

Transacting 1413
global
global First and only
cloud-enabled platform exchanges
exchanges global platform

6
REMOVING COMPLEXITY AND ENSURING COMPLIANCE

Multi-jurisdiction Numerous Stringent International Global & mobile

operations award types compliance tax & financial employee base
environment reporting

Multiple data Manual Limited Incompatible

entry points calculations access points platforms

SERVICE ADMINISTRATION COMPLIANCE REPORTING

Participant transactions in HRIS integration Automated processes Streamlined report
real time improve data integrity generation in real time
Grant allocation in multiple
Enhanced user support for currencies Accurate audit trail Matrix security
administrators
Fund distribution in multiple Global regulatory and Report sharing functionality
Participant support currencies compliance database
Enhanced international tax

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 OUR GLOBAL ADVANTAGE
Global Shared Services

4 global operating centers

(Calgary, Tempe, London, Sydney)

24/7 Call Center

Scalable enterprise offering with

global capabilities
Participant logins in a
24-hour period

Global money movement

(US$7B 2016)

Participants in over 100 Countries

Unified Service Model

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DIVERSIFIED CUSTOMER BASE

Canada United States EMEA Australia

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HOW WE SELL

Direct sales force

White label partners Customers

Third party partners

Law firms
Wealth managers
System integrators
HCM companies

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MORGAN STANLEY PARTNERSHIP

~300 20% $18M

MORGAN STANLEY OF THE FORTUNE ANNUAL RECURRING
CORPORATE CLIENTS 500 REVENUE

$10M 15M H2 2017 H2 2019

INCREMENTAL R&D EXPECTED COMPLETE
INVESTMENT FIRST CLIENT MIGRATIONS IMPLEMENTATION

All $ figures in USD

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FINANCIAL AND
OPERATING METRICS
FY2016 KEY FINANCIALS

REVENUE BY GEOGRAPHY

$77.2M
TOTAL Canada
36%

REVENUE
*International
17%

$13.4M U.S.
47%

ADJUSTED
EBITDA *Primarily comprised of UK & Australia

All $ figures in USD

14 13
REVENUE MODEL

+ +
Brokerage, transaction & fund movement fees Implementation fees
Foreign exchange spread Special projects & consulting

67%
FIXED-RECURRING
28%
PARTICIPANT & PLAN BASED -
5%
ONE-TIME
SUBSCRIPTION REVENUE REOCCURRING ACTIVITY

95% Based on 5-year average

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AVERAGE ANNUALIZED TRADES PER PARTICIPANT

0.8

0.7
12-month moving average 5-year moving average
0.6

0.5

0.4

0.3

0.2

0.1

0
Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16

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 5 YEAR CAGR*

GROWING ANNUAL REVENUE 11%

(USD, in millions)
90

CapMx
80 (SVB Analytics)
OptionEase Inc.
Corporate Focus
70

60

Transcentive
50 (Computershare)

40

Allecon Stock Associates, LLC

30

20

10

0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Amounts for periods prior to the companys transition date to IFRS of January 1, 2010, are presented in accordance with Canadian GAAP (CGAAP). Amounts
for periods after the companys transition date to IFRS of January 1, 2010, are presented in accordance with IFRS.
* CAGR calculated 2011-2016

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TTM ADJUSTED EBITDA TTM Adjusted EBITDA Margin
(USD, in millions)

20
19%
17% 17% 17% 17%
15

10

0
TTM Q4 2015 TTM Q1 2016 TTM Q2 2016 TTM Q3 2016 TTM Q4 2016

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KEY FINANCIAL METRICS

(USD, in millions) Q4 16 Q3 16 TTM

Cash 63.7 61.1 -

Free Cash Flow 3.9 2.9 8.3

Enterprise Value 318.2 221.0 239.7

No Debt and Strong Cash Balance to Fuel Acquisitions and Support New Client Wins

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GROWTH
STRATEGY
INTERNATIONAL GROWTH OPPORTUNITIES

Canada
Market-leading presence in equity
administration
Expansion into ESPP market
United States
Leverage lead market share
Win a share of IPOs choosing Shareworks
Significant white-label and partnership potential
with large Wealth Management firms
UK/Europe
Distribution strength through channel and direct sales
Expansion into Germany via landmark German
account
Barcelona service centre in place to support
mainland Europe

Australia
Success in signing Macquarie Group and
BHP Billiton
Continuing to build brand awareness and
strong pipeline with focus on ASX 100
companies

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GROWTH THROUGH A GLOBAL PLATFORM

1 2
ORGANIC GROWTH
Direct salesforce
Increase share of wallet within
customer base
Wide range of products for
addressing multiple markets
Strong distribution capabilities
in all major operating markets
ACQUISITIONS
Acquire books of business
Continue to lead the
consolidation
Leverage diminishing marginal
cost model of business
3
GEOGRAPHIC
EXPANSION
Continued investment in key
global markets & capacity
Building global scale enabling
access to larger global
opportunities

White-Label Partnership Opportunities

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LONG-TERM OPPORTUNITY

Complementary
products & services

>$1B TOTAL
Global tax
& mobility

ADDRESSABLE
Asia / MARKET
Pacific
EMEA
Total rewards
Canada reporting

US$ 77M
2016 REVENUE United States
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INVESTMENT HIGHLIGHTS

1 Robust Technology Solution

2 Multiple Distribution Channels

3 Strong and Predictable Subscription-Based Revenue Model

4 Consistent Revenue Growth with 5-year CAGR of 11%

5 Sizable Total Market Opportunity

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THE GLOBAL SOLUTION
FOR EQUITY COMPENSATION
ADMINISTRATION
 MARKET DATA

Stock symbol TSX: SUM

Shares outstanding 50.3 million

2-week (March 13 - 27) VWAP $7.70

52-week low / high $5.76 / $9.06

Market capitalization $387.3 million

Fiscal year-end December 31

All $ figures in CAD

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ALIGNED MANAGEMENT TEAM
Marcos has been involved with Solium since its inception in 1999. In 2010, he joined the Board of Directors and assumed the
Managing Director position. In 2015, Marcos was appointed CEO of Solium. Marcos was previously the co-founder of Bitonic
Marcos Lopez Solutions Inc., the software company responsible for the architecture, development and maintenance of Soliums Shareworks
CEO application. Marcos holds a bachelor of computer science from the University of Calgary and is the winner of the 2012 Ernst &
Young Entrepreneur of the Year award for the technology sector.

Brian has been a member of the Board of Directors since 2001 and was previously its Executive Chairman. Brian was President
Brian Craig and CEO of Solium from 2002 to 2006. He was previously the President and CEO of Stormworks, a privately held e-business
services company acquired by Solium in 2002. Brian is a principal at a Calgary-based venture capital company, Adventure
Managing Director Capital, and through this vehicle he invests in many energy and technology startups. He holds a bachelor of science in
engineering from the University of New Brunswick.

Mike has extensive experience working in the development of early-stage technology companies and has been a member of
Mike Broadfoot Soliums Board of Directors since 2002 and currently serves as its Executive Chairman. He joined Soliums executive team as
Managing Director Managing Director in 2010. Mike was president and CEO of Solium from 2011 to 2015. Mike holds a bachelor of science in
engineering and an MBA, both from the University of Alberta.

Kelly has over 15 years of finance and capital markets experience. Prior to joining Solium, she was VP Finance & Chief Financial
Kelly Schmitt Officer at SMART Technologies Inc., where she oversaw all finance operations including accounting, business planning, treasury,
CFO tax, internal audit, investor relations and financial systems. She holds a Bachelor of Commerce from the University of Calgary, as
well as Chartered Accountant and Chartered Financial Analyst designations.

Cumulative ownership* ~25.9% *Represents share ownership of all directors and senior executives.

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BOARD OF DIRECTORS

Mike Broadfoot Executive Chairman Colleen Moorehead Governance & HR Chair

Brian Craig Marcos Lopez CEO

Jeff English Shawn Abbot

Tom Muir Lead Director Laura A. Cillis Audit Committee Chair

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