CIBT Education Group Inc. Web Presentation

This document is for information purposes only and is not an offer tosell, nor a solicitation of an offer to purchase, any securities. It does notpurport to contain all of the information that a prospective investor mayrequire and it is not intended to provide any legal, tax or investment advice.

TSE: MBA | OTCQX: MBAIF ver.193

Corp Video 30” IntroInvesting in Student Housing

This presentation includes statements that may constitute “forward-looking” statements, usuallycontaining the word “believe,” “estimate,” “project,” “expect,” “plan,” “anticipate” or similarexpressions.

Forward-looking statements inherently involve risks and uncertainties that could cause actual resultsto differ materially from the forward-looking statements. Factors that would cause or contribute tosuch differences include, but are not limited to, continued acceptance of the product and services ofCIBT Education Group Inc. and Global Education City Holdings Inc. (collectively the “Company”) in themarketplace, competitive factors, changes in regulatory environments, and other risks detailed in theCompany’s periodic report filings which can be found under the Company’s profile on the SEDARwebsite (www.sedar.com).

In addition, there is no certainty that certain projections described in this presentation will beachieved according to plan. In making these forward-looking statements, the Company disclaims anyobligation to update these statements for revisions or changes after the date of this presentationexcept as may be required by law.

This presentation is not for public distribution therefore must be treated as Private and Confidentialand intended for designated recipients only.

Forward-Looking Statements & Disclaimer

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*1: 2020 Annual Audited, *2: F2021 Q2 Financial Data , *3: Year 2015 – Feb 28, 2021

Education Services Enhanced by Significant Real Estate Returns

GEC Living 3

Education ServicesSSC, SSLC, VIC-CC, GEA, CIBT

Education Real EstateGEC

29 Locations

12,000 Students5,000 domestic students, 7,000 international

5 Offices

2,400 Agents

11 Projects

72 Partner Schools

3,510 Beds1080 operational ,

2430under development

1.5MBuildable S.F

16 Buildings

Students from 77 Countries

150+ programs

50 Pathway Partners

SSC

$1.5 Billion Portfolio 7 operational , 4 under-construction, 5 rezoning,

Since 1903

Since 1994

580 Staff

46 Locations

$63M*1

Revenue$9.1M*1

EBITDA$510M*2

Asset

$181.4MEquity

Raised*3

$0.50 BillionFinancing

Completed*3

Dormitory waitlist for UBC, Sept, 2019 - 6,000 Dormitory waitlist for SFU, Sept, 2019 – 800

International Education - Market Size in Canada

Best Country for International Education in the world U.S. News 2017 and Educations.com in 2020 & 2021, and #1 Tech 30 Markets 2020

Canada’s international student enrolment grew by 13% last year (2018), marking a third consecutive year of double-digit growth and an overall increase of 97% in the five years since 2014

Immigration, Refugees and Citizenship Canada (IRCC)

Averaged rent for single occupancy - $14k/year

Market size in B.C alone – over $1 billion

CAGR Growth rate for International students enrolled in public post-secondary system in B.C since 2008 - 300%

Rental vacancy rate in Metro Vancouver, CMHC – 2.6%

4CBC News

ECONOMIC IMPACT OF INTERNATIONAL STUDENTS IN CANADAInternational students spent $15.5B annually including tuition and living expenses (2016)Created over 170,000 jobs and generated over $21.6B toCanada’s GDP (2018)

497,80510,678

133,997

International Student Population in Canada, B.C. & Vancouver 2019

Canada (Exc. BC)

Rest of BC

Metro Vancouver

Total 642,480In Canada as of Dec 2019

Sprott Shaw College, a Century of Growth since 1903

Nursing Program

HCA Program

Business Program

ECE Program

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Sprott Shaw College 2021

GEC Business Model

1) Identify property , form limited

partnership, invest initial capital

2) Design into higher density and smart furniture, improve

security and comfort8) Repeat the model

7) Manage property for 5 to 21 years

6) Sell to institutional buyer seeking high yield return

and stabilized income

5) Stabilize the income

4) Oversee construction, fill the property with our pipeline of students

3) Raise capital and finance the construction

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B2B & B2C Academic & Corporate Housing

Marketing

Student Services

Security

Quality Assurance

Housekeeping

Reservation

Corporate Services

Fully Integrated Operations

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Accounting Purchasing Asset Management

Corporate Finance

Acquisition&

Expansions

Competitive Advantage

GEC Living

1

2

3

4

5

6

7

8

9

High density design using smart-hideaway furniture

Located at subway stations & traffic artery in Vancouver

Student centric rental apartments for flexible exit

School operator with 27 years of education sector experience enrolling 12,000 students annually

Supply accommodation service to 72 schools

Diversified student base from 77 countries

Economy of scale & shared resources within Metro Vancouver

Advanced business model to develop Education Super Centers by integrating schools, amenities with student housing

GEC Smart Furnitures

Desk & Wall Unit conversion to Single Bed

Sofa conversion to Double Bed

Expanded to Corporate House for U.S based technology companies expanding to Vancouver

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GEC Difference

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Demographic of Tenants – May 2021 Post COVID 19

By School By Country of Origin

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Vancouver Real Estate Market 44 Years Trend

11Rental Crisis

GEC’s Market Position“Student Centric Rental Apartments ”

Pre-Pandemic Loss & Post-Pandemic Gains

GEC Locations are Strategically Located at Subway Stations

GEC® Burnaby Heights

GEC® Kingsway

GEC® King Edward II

GEC® Viva

GEC® Granville

GEC® Pearson

GEC® Oakridge

GEC® CyberCity

Education City Richmond

GEC® Education Mega Center

Subway Stations GEC® Projects Select Education Institutions

GEC® Marine Gateway

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GEC Milestones & Trajectory

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0

200000

400000

600000

800000

1000000

1200000

2015 2016 2018 2020 2022 2023 2024 2025

Gros

s Bui

ldab

le S

F

Possession Year

Gross Buildable SF

Hotel-Cumulative Total Residential-Cumulative Total Office-Cumulative Total

442 530835

1080 12601720

2545

3732

0

500

1000

1500

2000

2500

3000

3500

4000

2015 2016 2018 2020 2022 2023 2024 2025

Num

ber o

f Tot

al B

eds

Possession Year

Bed Counts

Growth Rate 1,036%

Growth Rate 744%

GEC’s Real Estate Portfolio

14Photo Album

11 Projects, 16 Buildings , 7 operational, 8 under construction & development1 building under Property Management Contract (possession in 2024)

GEC Burnaby Heights – E. Hastings St & Gamma

2016Operational

Fully Furnished Suites

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Fully equipped kitchen

Single or Shared Room – top bunk optional

7 minutes drive to BCIT , 12 minutes drive to SFU Burnaby

Virtual Tour

GEC Viva Tower – Howe St & Drake St

2015Operational

Convertible from desk to bed or to 2-level bunk beds

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680 meters from the Yaletown subway station

Virtual Tour

GEC Granville – Granville St & Drake St

2015Operational

Hotel room setting during the tourist season

Students sharing during the school seasons

Increased revenue

from $4.2M to $7.5M within two years

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600 meters from the Yaletown subway station

Virtual Tour

GEC Pearson – Cambie St & 60th Ave

2014Operational

GEC Pearson

City TV

Double Occupancy 2 bedsSingle Occupancy single bed & desk

Shared studio with 2 beds or 4 beds at reduced cost during the Summer Camp season

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Virtual TourBA

580 meters from the Marine Gateway SkyTrain station

Marine Gateway Subway Station

GEC Marine Gateway – Cambie & Marine Drive

October 27th, 2020Operational

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GEC Marine Gateway MC2

North & South Towers with 245 beds

140 meters from the Marine Gateway SkyTrain station

Virtual Tour

Aerial 360

GEC King Edward – Cambie St & W. King Edward

2016 - 2022Under Construction

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46,000 SF180 beds120 meters from the King Edward subway station

Global Education City – No. 3 Rd & Alderbridge Way, Richmond

2018 - 2024Under Construction

GEC Rental Tower

Pre-sale Condo owned by the Developer slated for sale in 2020 to 2022

Pre-sale Condo

(sold out in 2019)

GEC Office Tower & Retail Ground Floor

Pre-sale Condo

(sold out in 2019)

SkyTrain Station

Value Increased by $109 - 127millionbefore financing cost and administration expenses

Office 127,379 SFRetail 6,663 SFRental Tower 104,561 SF

Total 238,603 SF

21Atmosphere Video

60 meters from the Lansdowne SkyTrain station

Located at Richmond City Center

Lansdowne Mall

GEC

Kwantlan Polytechnic University

No.3 Road

24 new residential towers at rezoning phase

Pre-sale Condo

SkyTrain Station

Under Construction Possession in 2024

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700 meters from Kwantlen Polytechnic University Richmond

GEC Education Mega Center – Central City Parkway, Surrey

2017- 2024Rezoning

Accommodates up to 922 occupants 6 floors of schools and commercial tenants

News Coverage

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Surrey Central SkyTrain Station

Rental Apartments 27 Floors668 Beds

Pre-sale Condos14 Floors

224 bedrooms

Schools & Offices

Commercial Floors 6Amenity floors 2

Total occupants 922Building Height 49 Floors

40 meters from the Surrey Central SkyTrain Station

KPU Campus(Surrey Central)Civic Plaza Hotel

Surrey City Hall

Blackwood Partner plans to build 10 towers at this site

Located at Surrey Central Station

SkyTrain Station

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Over 10,000 students are studying in this area and without accommodation service

Simon Fraser University Surrey

Simon Fraser University’s 1.5M SF Expansion

GEC Education

Mega Center

10240 City Parkway

PotentialExpansion

Surrey Central City Mall and Walmart

King George Highway

150 meters from SFU Surrey Campus

80 meters from Kwantlen Polytechnic University

10 meters from SFU’s 1.5M SF Expansions

15 meters from SkyTrain Station

Aerial 360

GEC Education Mega Center – Central City Parkway, Surrey

Micro-Studio with Hideaway Desk and Bed

Desk by Day Bed by Night

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Located at Oakridge Station – West 42nd Avenue

Lansdowne Mall

GEC

GEC

GEC

Cond

o

Kwantlan Polytechnic UniversitySO

LD

No.3 Road

24 new residential towers at rezoning phasehttps://dailyhive.com/vancouver/lansdowne-centre-lansdowne-district-richmond-redevelopment-2025

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Pre-sale CondoSkyTrain StationSkyTrain Station

Oakridge Mall

150 meters from Oakridge Subway Station

41stAve

Ten towers of various heights up to 44 floors developed by QuadReal and West Bank

GEC18 floors

125,000 SF466 beds

Cam

bie

St.

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2019 - 2024Rezoning

GEC Oakridge – West 42nd Avenue & Cambie Street

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GEC Cyber City – Cambie Rd & River Rd, Richmond

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Self-Checked Micro-Suite Hotel and Stratified Offices for the Technology Sector & Schools

2017 - 2024Rezoning

140 Meters from the Aberdeen SkyTrain Station

No. 3 Road

River Road

Canada Line SkyTrain

$0.00$0.20$0.40$0.60$0.80

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

EPS - net to CIBT shareholders

-$50.00

$0.00

$50.00

$100.00

$150.00

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

Net IncomeMillion

$0.00$200.00$400.00$600.00$800.00

$1,000.00$1,200.00

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

Total AssetsMillion

$0.00$5.00

$10.00$15.00$20.00$25.00

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

Real Estate Development Revenue

Million

Financial Data CIBT Education Group Inc.

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F2024: Construction for the Richmond Education City projectcompletes. Substantial capital gains will be earned uponpossession.

F2018: GEC executed the Richmond Education City project andearned substantial Development Fee

$0.00$0.20$0.40$0.60$0.80

Book Value per Share

F2020 – a year impacted by COVID-19 and extended border closures

$0.00$10.00$20.00$30.00$40.00$50.00$60.00

Educational RevenueMillion

$0.00 $20.00 $40.00 $60.00 $80.00

$100.00

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

Total RevenueMillion

$0.00$100.00$200.00$300.00$400.00$500.00$600.00

F201

7-A

F201

8-A

F201

9-A

F202

0-A

F202

1-P

F202

2-P

F202

3-P

F202

4-P

Total EquityMillion

Corporate Information CIBT Education Group Inc.

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Financial Highlights F2021 Q2Six Months

F2020Audited

F2019Audited

F2018Audited

F2017Audited

4Y Average Growth %

Revenue $28.343M $62.55M $71.00M $74.90M $53.56M 8%

Net Profit before tax $8.76M ($4.44M)* $16.09M $52.35M $10.17M 73%

Net Profit after tax $7.61M ($4.75M)* $14.93M $45.37M $8.28M 83%

EBITDA $11.19M $9.12M $26.29M $57.50M $13.12M 73%

EPS-Basic $0.11 $0.02 $0.03 $0.25 $0.03 204%

BVPS per share $0.80 $0.69 $0.67 $0.63 $0.41 21%

Total Assets $510.06M $452.77M $389.67M $340.84M $166.92M 45%

Total Liabilities $306.33M $272.19M $195.52M $169.18M $89.94M 48%

Ticker (TSX/OTCQX) MBA/MBAIF

Stock Price (April 7, 2021) $0.78

Market capitalization (April 7, 2021) $56.49M

Shares outstanding Diluted Weighted Average Q2 F2021 & F2019 72.42M / 81.03M

Shares bought back and cancelled since 2015 9.13M

Options (Q2, F2021) 3.49M

Warrants outstanding Nil

Insider holdings (including friends & family) 50+% (approx. 40M)

Fiscal year end Aug 31* F2020 – a year impacted by the COVID-19 pandemic and extended border closures

Awards and Recognitions

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