Heritage Global : Investor Deck (January 2022)

HGBL

An Asset Services company specializing in financial and

industrial asset transactions

Investor Presentation

January 2022

FORWARD LOOKING STATEMENTS

This communication includes forward-looking statements based on our current expectations and projections about future events. All statements contained in this communication other than statements of historical fact, including any statements regarding our future operating results and financial position, our business strategy and plans, potential acquisitions, market growth and trends, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "potentially," "preliminary," "likely," and similar expressions are intended to identify forward-looking statements. For these statements, Heritage Global Inc. (the "Company") claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

The forward-looking statements contained in this communication are based on knowledge of the environment in which the Company currently operates and are subject to change based on various important factors, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies (including the uncertain conditions created by the coronavirus [COVID-19] pandemic), interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control.

Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation.

Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission including the "Risk Factors" section in our most recent annual report on Form 10-K.

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Heritage Global Inc. | www.hginc.com

2 Divisions with 5 Revenue Streams

Business Function

Heritage Global Division

Broker of Charged-Off and Non-

Financial Assets

Performing Portfolios

Lender to Buyers of Charged-Off Portfolios

Financial Assets

Auctioneer of machinery, equipment,

Industrial Assets

industrial factories

Appraiser of machinery, equipment, and

Industrial Assets

inventories on behalf of lenders

Refurbisher, Reseller and Supplier of Life

Industrial Assets

Sciences Equipment

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Heritage Global Inc. | www.hginc.com

FINANCIAL ASSET SERVICES

BROKERAGE

1 Services1

Heritage National Loan Exchange (NLEX) is a loan sale advisor of charged-off and nonperforming asset portfolios via an electronic auction exchange platform

2 Differentiating Factors2

Since 1994, NLEX has sold over $150 billion face value of performing, nonperforming and charged-off assets for banks, the U.S. government, and other debt holders throughout the United States and Canada

3 Growth Drivers3

• Innovative expansion into FinTech, peer-to-peer, BNPL and other non-core verticals

• Plans to add post-sale initiatives

• Volume and deal flow expected to return to near pre- pandemic levels in next year

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Heritage Global Inc. | www.hginc.com

SECURED LENDING

Services

Heritage Global Capital ("HGC") provides specialty financing solutions to average volume debt buyers of charged-off and nonperforming asset portfolios and other asset-based classes

Differentiating Factors

Decades of domain expertise and the ability to leverage established relationships from the HGC executive team who have participated in extensive funding activity and hold widespread industry relationships

Growth Drivers

INDUSTRIAL ASSET SERVICES

AUCTIONS

1 Services

Heritage Global Partners ("HGP") is a full service, global auction and asset advisory firm

2 Differentiating Factors

Domain expertise and infrastructure via management's experience, expertise, relationships, and track records. Broadly diversified across sectors

3 Growth Drivers

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Heritage Global Inc. | www.hginc.com

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VALUATIONS

Services

Industrial and wholesale inventory/equipment valuations to assist financial institutions in making lending decisions

Differentiating Factors

Decades of valuation/liquidation experience leveraging HGBL's industrial auction group, including access to extensive real-time database of actual sales comp data across 28 industrial sectors

Growth Drivers

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Disclaimer

Heritage Global Inc. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 15:49:08 UTC.