Investor

Presentation

August 2016

Content

1. Who we are and our market

2. Creating value through growth

3. The Lumenpulse advantage

4. Our Acquisition Strategy

2

Who we are

3

VISION To become a world leader in

specification-grade LED lighting

solutions

Founded in 2006

587 employees

Fiscal 2016 Revenues of $145.1M1

Revenue CAGR of 51% for FY 2013 to FY 2016

Company Overview 4

1 Year ending April 30st 2016

Locations

Vancouver

Montreal HQ Québec

Boston

London

Manchester Paris

Florence

Hong Kong

Singapore

Sales Office and Manufacturing Facility

Technology Center and Sales Office

Sales Office

Regional Sales Management Office (Hong Kong)

and Experience Center (Singapore)

Footprint Headquartered in Montreal, Lumenpulse has a

growing global reach

5

Operating in a fast growing segment 6

1 Management estimates for the General Lighting Market includes light sources and fixtures for both consumer and professional markets, as well as controls. Controls

include smart and non-smart controls and related services.

2 We believe that the current payback for typical installations is less than three years with paybacks as low as one year for certain LED retrofit applications

LED Adoption Drivers

Longer lifespan

Increased energy

efficiency2

Greater design flexibility

Regulations /

Environmental benefits

GENERAL LIGHING MARKET

2015-2019 Forecast

Specification-grade Lighting Solutions Market 7

Less pricing pressure

Solutions-driven / Focused on

quality and technological features

Fragmented with smaller players

competing

7

1Management estimates

Light Sources

& other

~80%

Fixtures and

controls

$92G

GENERAL LIGHTING MARKET1: $117 G

60%

Specification

$55G

40%

Stock &

Flow

FIXTURES and CONTROLS1: $92 G

20%

Our Positioning in the LED Value Chain

Upstream Midstream Downstream

Components LED Module/

Lamp Luminaires

Integration and design services

8

Commodity-driven market Value-added market

Lumenbeam family

Lumenfacade family Lumenline family

Lumencove family

Lumendome family

Fluxwerx View

Fluxwerx Profile

Lumenalpha family

Lumenarea family

Our portfolio

composed of

more than

400 products

cover multiple

lighting

applications and

offer numerous

configurations

Our Product Portfolio 9

Our Brands

10

1 As of January 31, 2016

High-performance specification grade LED downlights for

flexible indoor lighting applications

Specification-grade LED decorative lighting solutions for

hotels, museums, shops, and offices.

Specification-grade, LED general lighting for

commercial and institutional applications, including

workplace, education, and healthcare environments.

LED luminaires for a range of urban, area, and

professional landscape lighting applications.

High-performance, specification-grade LED luminaires for

indoor and outdoor lighting applications, including

commercial, institutional, and urban environments.

10

All figures, in millions of Dollars. Source : McKinsey : Lighting the way, 2012

LED Market Segments and Growth 11

Our product portfolios and brands operate

across all major segments including the fast

growing indoor segments

Targeted Sectors 12

Retail Stores

Museums Landscape

Investor Presentation, July 2015

Bridges

Hospitality Offices Transport

Facades Urban

Targeted Vertical Markets

Creating Value through Growth

13

Creating Value Long-term 14

HOW WE CREATE VALUE

TOP LINE GROWTH

GROSS MARGIN EXPANSION

OPERATING LEVERAGE

=

Leverage current sales network

Channel expansion

Portfolio expansion

Synergies

Value engineering

Improved manufacturing efficiency

Material-cost reductions

Leverage our workforce

and infrastructure

Lumenpulse Delivers

Above-market Growth Rate

15

(millions CAN$)

TOTAL REVENUE CAGR: 51%

FY 2013 – FY 2016

For Fiscal 2017, we

expect revenues of

$230 to $240 million

and anticipate an

Adjusted EBITDA

margin of 12%-14%

Lumenpulse Products Adjusted

Gross Margin 36% 44% 45% 49%

Consolidated Adjusted Gross

Margin 36% 42% 43% 48%

Adjusted Operating Expenses

51% 41% 39% 40%

Adjusted EBITDA (14)% 1% 4% 8% 18%-20%

Financial Highlights Improving Profitability

16

FY 2013 FY 2019 Goal FY 2014

…

FY 2015

16

FY 2016

Our objective is to continue growing revenues at a growth rate exceeding the

growth rate for the LED general lighting market converging, over time,

towards market growth with an Adjusted EBITDA margin of approximately

18% to 20% within the next three years.

The Lumenpulse Advantage

18

Customer Centric

Superior Products and Strong Design

Well-Established Sales Channels

+ Product quality

Technological features

Lifetime economics

Versatility

Controllability

Durability

Sustainability

Consistency & quality of light

ght

Specifiers Looking for:

Architects

Engineers

Lighting Designers

1

9

Focused on customer needs Specification-Grade LED Solutions

19

Our Customers

Company Confidential

20

The Lumenpulse Advantage

21

Customer Centric

Superior Products and Strong Design

Well-Established Sales Channels

A Key Competitive Advantage

Combining innovative technology with strong industrial design

22

98 Patents granted1

64 Patents pending1

1 As of April 30 2016

Proprietary and Patented Technologies 23

Our technology platform is expandable across product

categories and applications, providing an attractive opportunity

for expansion and growth.

An embedded ASIC microchip

technology that eliminates the need

for power supplies, resulting in:

Durability (10-yr limited warranty)

Reduced size

Best-in class performance (100 lm/w)

24

Innovative Technologies

We are focused on developing innovative

products and technologies, especially important

in the specification-grade lighting market,

positioning us to outperform our competition

Enabling Smart Controls

Turns existing electrical wiring into digital

control network

Reduces installation costs

Facilitates conversion to LED

Compatible with all common control

standards

25

The Lumenpulse Advantage

26

Customer Centric

Superior Products and Strong Design

Well-Established Sales Channels

Complete coverage

Our high performance and

sustainable specification-grade

LED lighting solutions are

promoted through a strong

network of agents and VARs

across the globe of which over

100 are located in North

America

27

Strong North American Sales Network 27

Expanding International

Footprint

28

We have a growing number of agents

and VARs in Latin America, South-

East Asia, Middle East, Japan,

Australia, New Zealand and Europe.

Direct sales force and

sales support teams in

France, the U.K. and Italy

represent a solid base to

support and drive our global

network.

International revenues represent

25%

International

Revenues

of $36.3M for FY 2016

Recent Acquisitions

29

Objectives

Expanded our product portfolio with complementary LED

specification-grade products

Increased our addressable market from 20% to 80%

Increased our geographic coverage

Expanded our LED expertise in new vertical segments

Leveraged our proprietary technologies

Integrated management with deep industry knowledge

and aligned interest through Lumenpulse ownership

Transactions

Fluxwerx - March 2016 ($60M1)

Exenia - December 2015 ($14.9M1)

SDL Lighting - March 2015 ($3.2M)

Ariane Controls - February 2015

AlphaLED - July 2014 ($30.4M)

Acquisitions 30

1 Excluding potential earn-out 2 Non-disclosed amount.

31

Florence, Italy

Deepening our offering of architectural indoor LED

lighting solutions for decorative illumination for a wide

range of retail, hospitality and museum environments.

Providing a strong entry point in Italy with a well-

established network of agents and VARs.

Adding a highly creative team of designers.

Recent Acquisition

32

Vancouver, Canada

Deepening our offering of architectural indoor LED

lighting solutions for the fast-growing office and

educational market segments.

Adding a distinctive product offering with a minimalist

product design, thin profiles and see-through lenses.

Adding innovative, proprietary anidolic optical technology,

delivering superior optical performance and energy

efficiency.

Adding a product portfolio covered by 20 patents and 15

patents pending.

Recent Acquisition

33

Focus on integrating our recent

acquisitions

Execute on our product development

roadmap and organic growth.

Continue to invest in support of our

international expansion with a focus on

UK, France and Italy

Continue to increase production capacity

utilization and operating leverage to drive

profitability

Going Forward

33

34

Notable projects

Birks Laval, Laval, QC, Canada

Lighting Design: Aedifica

35

Boston Harbour Hotel, Boston, MA, USA

Lighting Design: Lighting Design Collaborative

36

Burnham Building, Boston, MA, USA

Lighting Design: Lam Partners Inc.

37

Cabrillo Bridge, San Diego, CA, USA

Lighting Design: Illumination Arts

38

Cincinnatti City Hall, Cincinnatti, OH, USA

Lighting Design: Eco Engineering

39

Délices Érable et Cie, Montréal, QC, Canada

Lighting Design: Provencher Roy

40

Meubelplein Ekkersrijt, Eindhoven, Netherlands

Lighting Design: Industrielicht

41

La Presse, Montreal, QC, Canada

Lighting Design:

42

Lolë, Montreal, QC, Canada

Lighting Design: Aedifica

43

Pont Lafayette, Lyon, France

45

Retailers Next, Rugby, Warwickshire, UK

US National Archives, Washington, DC, United States

Lighting Design: Available Light

46

47

RJ Corman Bridge, Clarksville, Tennessee, United States

Lighting Design: Tennessee Lighting Sales

Forward-looking Statements

48

This document contains “forward-looking information” within the meaning of applicable Canadian securities legislation. 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. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “outlook”, “target”, “goal”, “guidance”, “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. Statements with respect to potential benefits and synergies resulting from completed transactions and to future accretion to earnings per share constitute forward-looking information. Forward-looking information includes statements relating to annual targets, outlook, guidance and updates. See “Financial Outlook” in the Company’s Management’s Discussion & Analysis filed for the Fourth Quarter Fiscal 2016. Forward-looking information is provided for the purposes of assisting the reader in understanding the Company’s financial performance, financial position, cash flows, its business, operations, prospects and risks at a point in time, and to present information about Management’s current expectations and plans relating to the future and therefore the reader is cautioned that such information may not be appropriate for other purposes.

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, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors discussed under section “Risk Factors” in the Company’s Management’s Discussion & Analysis filed for the Fourth Quarter Fiscal 2016.

Although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary 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; our ability to manage and integrate acquisitions; our ability to manage risks related to international expansion; our ability to raise sufficient debt or equity financing to support our business growth; our ability to maintain good business relationships with our agents and Value-Added Resellers (“VARs”); our ability to expand our sales and distribution infrastructure and our marketing; trends in our industry and markets; 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 purchase components for our products at competitive prices; our ability to protect our intellectual property rights; the absence of intellectual property infringement or invalidity claims against us; our ability to retain key personnel; our ability to renew the leases for our existing facilities or find alternative facilities that meet our current and future needs, and assumptions used in preparing our Fiscal 2017 financial guidance under the section “Financial Outlook” in the Company’s Management’s Discussion & Analysis filed for the Fourth Quarter Fiscal 2016.

Consequently, all of the forward-looking information contained herein 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 herein is provided as of the date hereof, 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 and the Company reserves the right to change, at any time at its sole discretion, its current practice of providing annual targets and guidance.