A Leading Provider of Embedded Antenna Technologies

Investor Presentation June 2017

NASDAQ: AIRG

NASDAQ:AIRG

This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future operating results, financial position and cash flows, our business strategy and plans and our objectives for future operations are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “plan,” “target,” “project,” “contemplate,” “predict,” “potential,” “would,” “could,” “should,” “intend” and “expect” or the negative of these terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, without limitation: the market for our antenna products is developing and may not develop as we expect; our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations or our guidance; our products are subject to intense competition, including competition from the customers to whom we sell, and competitive pressures from existing and new companies may harm our business, sales, growth rates and market share; our future success depends on our ability to develop and successfully introduce new and enhanced products for the wireless market that meet the needs of our customers; our business is characterized by short product development windows and short product lifecycles; we sell to customers who are extremely price conscious, and a few customers represent a significant portion of our sales, and if we lose any of these customers, our sales could decrease significantly; we rely on a few contract manufacturers to produce and ship all of our products, a single or limited number of suppliers for some components of our products and channel partners to sell and support our products, and the failure to manage our relationships with these parties successfully could adversely affect our ability to market and sell our products; if we cannot protect our intellectual property rights, our competitive position could be harmed or we could incur significant expenses to enforce our rights; our international sales and operations subject us to additional risks that can adversely affect our operating results and financial condition; the Antenna Plus acquisition may negatively affect our operating results, financial condition or cash flows, including as a result of the assumption of known and unknown liabilities; risks associated with integrating the Antenna Plus business into our current business; and other risks described in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this presentation to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk.

Important Cautions Regarding Forward-Looking Statements

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© Copyright 2017 Airgain, Inc. All Rights Reserved.

NASDAQ:AIRGWho We Are

• Airgain is a leader in high performance, integrated solutions for next generation wireless networking

• Design, integrate, test and deliver high-performance embedded radio frequency (RF) and antenna technology

• Shipped into approximately 54 million devices in 2016, and 13 million devices in Q1 2017

• Profitable company with 10+ years of device/chipset performance data and diverse partner and revenue base

• 185 patents and applications worldwide (Mar. 31, 2017)

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Blue Chip Customers

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NASDAQ:AIRG

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CategoryProjectedCAGR(1)

Smart Home 37%

IoT 35%

Wearables 16%

Other Consumer 16%

Networking 3%

Automotive 3%

Home Entertainment 2%

• Increased complexity within RF technology further strengthens Airgain’s value

• Device proliferation in emerging segments presents attractive high growth opportunity

Source: ABI Research Wi-Fi Market Data Q2 2017, Excludes Cellular, PC’s, and tablets (not presently addressed by Airgain)(1) Based on projected device sales for the period 2017 – 2022E

-

5,000

10,000

15,000

20,000

25,000

30,000

2017 2018 2019 2020 2021 2022 Cumulativeunits

Projected Number of Devices in Millions

Home Entertainment Automotive Networking

Other Consumer Wearables IoT

Smart Home

Evolving & Growing Addressable Markets

NASDAQ:AIRGAirgain’s Critical Position in Value Chain

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Influence Partner

Engage

Client Carriers

Objective

Key Accounts

Influence

Client Chipset Suppliers

Objective

Key Accounts

Partner

Client OEMs & ODMs

Objective

Key Accounts

Engage

OEMs ODMs

NASDAQ:AIRGBusiness Model

Strengthened Financial Position

• Diversified, broad base of blue chip customers driving consistent revenue growth

• Long product life cycles allow for predictable revenue streams

Well-Positioned for Growth

• Asset light operating model utilizing third-party, contract manufacturing

• Product suite well positioned within high growth segments

• Highly scalable platform for organic and inorganic growth

• Our global presence is paramount to our success

• Customer support across sales, design, supply chain and delivery are unique to Airgain

• Regional presence includes sales, design, integration and technical support

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NASDAQ:AIRGProven Track Record

$6.4 $5.7

$8.5

$11.3

$6.8 $6.0

$9.9

$6.1 $6.7

$12.4

$6.2

$9.3

$12.6

$-

$2

$4

$6

$8

$10

$12

$14

2014 2015 2016 2017

Quarterly Revenue ($M)

Q1 Q2 Q3 Q4

2017

7

$-

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

$45.00

2014 2015 2016

Annual Revenue ($M)

NASDAQ:AIRGGrowth Opportunities

• Favorable Market Tailwinds

• Technology driven upgrade cycle

• 802.11ac wireless networking standard and Docsis 3.1 devices require more antennas per device

• Create Additional Pull from Cable and Satellite Carriers

• More bandwidth and in home throughput drives customer retention

• Leverage Wins in Emerging Devices: smart metering, IoT, Fleet Connectivity

• New Market Expansion: automotive, enterprise, and Industrial IoT

• New Products: SaaS-based Wi-Fi monitoring solution for carriers to improve customer experience and reduce support costs

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NASDAQ:AIRGThe Evolution of In-Home Cable Bandwidth

(1) CableLabs(2) Source: Wi-Fi Findings by D-link, Sept 9, 2014 (3) Leichtman Research: 59 mil Cable Broad Band subscribers and 48.6 mil Tv viewers with on average 1.5 STBs

802.11

G54 Mbps

2003-2006

1 – 2Antennas

802.11

N600 Mbps

2007-2013

2 – 4Antennas

802.11

AC (I)1750 Mbps

2014-Today

4 – 12Antennas

802.11

AC (II)6930 Mbps

Today

4 – 12Antennas

Higher upstream speed Greatly enhances capacityCapacity & efficiency

progressionSymmetrical streaming & increased upload speeds

DOCSIS 3.1

Highlights

DOCSIS 3.0DOCSIS 2.0(1) DOCSIS 3.1

40 Mbps 1 Gbps 10 Gbps 10 GbpsDownstream Capacity

2002 2008 2016 TBDProduction Date

DuplexFull

Next

Generation

Wi-Fi(2)

802.11

B22 Mbps

1999-2002

1 – 2Antennas

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Number of potential U.S. subscriber units to be upgraded: 178 million(3)

NASDAQ:AIRGLeveraging Our Core Technologies Into New Automotive Opportunities

• Connected Cars require internal and external

Antennas for a complete solution

• Internal: In-car Infotainment, Gateways, Driver Interface

• External ‘Shark fin’: Driver assistance and safety, vehicle

to vehicle and infrastructure, vehicle software updates and

driver behavior

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Aftermarket: Fleet Connectivity OEM: Connected Car

• Mobile fleets require rugged external solutions

for data, telematics and asset tracking

connectivity

• Rugged external multi-technology antennas provide

connectivity for public safety and private fleets

Our multiple RF technology capabilities are required for a complete solutionEmbedded and external connectivity solutions for Cellular/LTE, GNSS (GPS),

Wi-Fi, Bluetooth, UHF, and more

Infotainment Well-Being Safety Drive Assistance Mobility

Management

Fleet

Management

NASDAQ:AIRGExpanding Opportunity for IoT (internet of things) Connectivity

• M2M and Industrial IoT

• In-building, Out-building and On-building

connectivity solutions for commercial,

retail, and office

• Outdoor kiosk, signage, and asset

connectivity and tracking

• Connected Smart Home and Smart

City

• Embedded, and external connectivity

solutions for Low Power Wide Area

Networking, such as NB-LTE and LoRa

• Seemingly endless connectivity options

from people and animals, to in-home

gateways to city man-hole covers

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M2M and Industrial IoT

NASDAQ:AIRGKey Takeaways

• Leader in high performance antenna solutions for next-gen wireless networking

• Growing addressable market, driven by proliferation of Wi-Fi connected devices, streaming video and multiple connectivity standards for a “connected planet”

• Compelling business model with history of predictable revenue growth and profitability

• Strong outlook for growth and market share expansion

• Well-protected technology position with 185 patents and applications worldwide (Mar. 31, 2017)

• Seasoned management team with 20+ years of average industry experience

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Key Stats

Shares Outstanding 9.3M

Free Float (est.) 7.3M

Institutional Holdings 40%

Cash and Equivalents (mrq) $41.8M

Founded 1995

IPO 2016

NASDAQ:AIRGContact Us

Company Contacts:

Chuck Myers

CEO & President

Alexis Waadt

Director of Investor Relations

Alexis@Airgain.com

(760) 932-0717

Airgain, Inc. 3611 Valley Centre Drive, Suite 150

San Diego, CA 9213013