Slide 1: Investor Webinar Presentation (ASX Announcement)
ASX Announcement 04 February 2026 Investor Webinar Presentation Elsight Limited (ASX: ELS) (‘Elsight Ltd’, ‘Elsight’ or ‘the Company’) is pleased to invite the public to the 2025 Fourth- quarter results webinar scheduled for Wednesday, February 04, 2026, at 5:00 pm AEDT. Beyond the numbers, this pre
Slide 2: Unlocking the Future of Uncrewed Systems
For personal use only Elsight Limited (ASX:ELS) Unlocking the Future of Uncrewed Systems Investors’ presentation, February 2026
Slide 3: Important Disclaimers and Notices
Important Disclaimers and Notices This disclaimer applies to this presentation and the information contained in it (Presentation). By reading this disclaimer you agree to be bound by it. The Presentation has been prepared by Elsight Limited and all related bodies corporate (Company). Not an offer or
Slide 4: Executive Summary
Executive Summary Strategic focus on the unmanned market, expansion of product portfolio and targeting specific accounts (military & commercial) › Proprietary, world-leading Tier-1 solutions for Beyond Visual Line of Sight (BVLOS) unmanned systems that offers unhindered freedom to maneuver anywhere,
Slide 5: Investment Highlights
Investment Highlights High-margin sales pipeline with supporting structural tailwinds Proprietary world-leading connectivity solution for Beyond Visual Line of Sight (BVLOS) unmanned systems currently expanding product offering and Total Addressable Market (TAM) For personal use only Uniquely positi
Slide 6: We're just scratching the surface… and only getting started
For personal use only We’re just scratching the surface… and only getting started. Our recent success is only a fraction of what lies ahead…
Slide 7: A "Perfect Storm" in Defense & Unmanned Industries
For personal use only 2% 3% 4% 0% 1% 5% Albania Belgium Bulgaria Canada 2014 Croatia Czechia Denmark Estonia Finland 2024e France Germany Greece Hungary Italy Latvia Lithuania Luxembourg Montenegro Netherlands New Nato Target 5% North Macedonia Norway Poland Portugal Romania Slovak Republic Slovenia
Slide 8: Perfect Storm in Defense & Unmanned Industries
For personal use only Perfect Storm" in Defense & Unmanned Industries
Slide 9: Perfect Storms Create New Category Leaders
Perfect Storms Create New Category Leaders For personal use only
Slide 10: Elsight Is the Backbone of Uncrewed Systems
Elsight Is the Backbone of For personal use only Uncrewed Systems Uniquely positioned to lead a rapidly transforming defense and unmanned market
Slide 11: Rapid Profitable Growth
Rapid Profitable Growth FY2025 results highlight the scalability and acceleration of Elsight’s business model. US$137 M pipeline expected to drive high margin sales ongoing growth over 2026 and 2027 YoY Revenue Growth (US$M) Operating Cashflow (US$M) $22.8 $22 $25.0 For personal use only $25.0 $19.8
Slide 12: Scalable, Capital-light Manufacturing Capacity
Scalable, Capital-light Manufacturing Capacity The smarts of the Elsight system are its proprietary algorithms and software technology For personal use only Ultra-Simple Hardware – Universally Manufacturable Hardware intentionally designed for simplicity, allowing virtually any qualified electronics
Slide 13: Pipeline of Realisable Opportunities
Pipeline of Realisable Opportunities Identified Opportunity For personal use only › US$137M pipeline of opportunities built with limited investment in $137 m (Identified opportunity within ELS sales and marketing capability) › Majority of the revenue acceleration over the next 18–24 months to be def
Slide 14: Elsight's Organization: Built for an Evolving Market
Elsight’s Organization: Built for an Evolving Markets For personal use only Established local footprints in key Disciplined Growth in people Established a Strategy function markets, including manufacturing
Slide 15: A Moment of Transition in Elsight's History
A Moment of Transition in Elsight’s History From a connectivity company to For personal use only The Future Backbone of Uncrewed Systems
Slide 16: Our Path to a $10 Billion Market
Our Path toa $10 Billion Market = 2026: ~$5 Billion SAM 5 Expanding into new pillars: non-GNSS Positioning and basic Autonomy. D 50 2025: $250 Million SAM Focused on specialized cellular connectivity for BVLOS UAV operations. (p) For personal 2028: ~$10 Billion SAM Offering a full mission stack acro
Slide 17: Our Path to a $10 Billion Market
Our Path to a $10 Billion Market = UAS spending to top fo) Sweden to spend $440 million on °17° ® unmanned military drone systems $258 billio n over next = decade: report 5 Germany approves €50bn in military Japan's Record $60 Billion Defense Budget Seeks Unmanned ” purchases Systems, Long-range Mun
Slide 18: From single component provider to unified portfolio
Moving from a single component provider to a unified portfolio enabling all technologies needed for uncrewed systems to perform their missions For personal use only Positioning Connectivity Precision positioning & guidance Secure, resilient, multi-layered connectivity Connectivity Secure, resilient
Slide 19: We're not fighting OEMs: We make them Better
We're not fighting OEMs: We make them Better For personal use only http://news.microsoft.com/microsoft_lov es_linux/
Slide 20: Commercialization Strategy
Commercialization Strategy Europe › NATO defence spending aiming to Expanding direct sales model to execute enhance capabilities in unmanned on high value defence opportunities systems, artificial intelligence, and counter-drone technologies, reflecting lessons learned from recent conflicts For pers
Slide 21: Halo Awarded through U.S. DIU Project GI, Advanced to Phase 3
For personal use only Elsight’s Halo Awarded through U.S. Defense Innovation Unit’s (DIU) Project GI for Reliable Connectivity in Contested Domains, Advanced to Phase 3 1. In Phase 2, Elsight demonstrated its HALO multilink bonded connectivity platform as a key enabler for mission-ready uncrewed sys
Slide 22: A High-Margin, Recurring Revenue Model
Business Model & Commercialization Strategy: A High-Margin, Recurring Revenue Model For personal use only › One-time revenue from the initial sale of the Halo system Halo System Sale › Includes Halo Hardware and access (76% gross margins) to Elsight's proprietary software and aggregation algorithm ›
Slide 23: The Era of Reliable Structured DATA to Leverage AI Algorithms
The Era of Reliable Structured DATA to For personal use only Leverage AI Algorithms Elsight has a strategic data asset which can be leveraged by AI systems to drive additional products and revenue streams Elsight has captured over 500,000 hours of operational flight and drive hours across diverse, h
Slide 24: Commercialization Strategy: A Parallel Business Unit Began
Commercialization Strategy A Parallel Business Unit Began • Established a new business unit dedicated to developing a new For personal use only product line that builds on the Company’s proven expertise in cellular connectivity, data integration, and real-time fusion technologies. • With a new head
Slide 25: Expected Upcoming Milestones
Expected Upcoming Milestones › Expansion of sales team in North America and Europe has begun to accelerate pipeline growth and conversion › For personal use only › Execution of US$137m pipeline of opportunities, including: › Expansion of existing defence supply agreements › New defence customers add
Slide 26: Why Elsight can own this future?
Why Elsight can own this future? For personal use only
Slide 27: A bold yet realistic vision
For personal use only A bold yet realistic vision, grounded in data and the company’s proven capabilities We have strong conviction in our ability to execute and lead this future
Slide 28: Appendix
For personal use only Appendix
Slide 29: Competitive Landscape
Competitive Landscape Elsight is well-positioned with a full-suite product and capability offering for customers Example BVLOS For personal use only Solution Link resiliency Optimal SWaP Security Bandwidth of Compatible Company RF None Partial Partial Partial None Satellite Partial None Partial None
Slide 30: Elsight's Growth Strategy
Elsight’s Growth Strategy Current opportunity in defence complemented by medium-term growth in the commercial drone market and ongoing growth coming from new product development For personal use only Horizon Level 3 Market and Platform & Market Expansion – Unlocking the Next Growth Product Frontier
Slide 31: Design-win Strategy
Design-win Strategy Strategic Investment into growth customers to rapidly scale Elsight sales ➢ Elsight has positioned Halo as a core embedded For personal use only communications solution in a wide range of high-growth drone platforms at early development stages ➢ Halo is deeply integrated through
Slide 32: Design-win Customer Examples
Design-win Customer Examples Strategic Investment into growth customers to rapidly scale Elsight sales For personal use only Company Information: A global aerospace and Company Information: Flock Safety provides a defense leader, Lockheed Martin is heavily involved comprehensive, maintenance-free te
Slide 33: Key Risks
Key Risks This section comments on the risks associated with an investment in Elsight Ltd (Elsight) and in connection with the Placement and the associated transaction outlined in this presentation. Like any investment, there are risks associated with an investment in Elsight's shares. This section
Slide 34: Key Risks (continued)
Key Risks (continued) Elsight’s proprietary edge lies in its AI-driven multi-link bonding and communication technologies. The company’s ability to maintain its technological lead Intellectual Property & Competition and enforce IP protections is critical to its market position. If competitors success
Slide 35: Glossary
Glossary Term Definition Drone or UAS operations when the remote pilot (or visual observer) cannot maintain unaided visual contact with the aircraft. This raises BVLOS – Beyond Visual Line of Sight additional safety/regulatory requirements because you cannot “see” the drone the whole time. dipul+2Ae
Slide 36: Thank You
For personal use only THANK YOU www.elsight.com IR@elsight.com