Karman Holdings Inc. · NYSE:KRMN
Karman — William Blair 46th Annual Growth Stock Conference 2026
11 slides from Karman's conference presentation, Jun 4, 2026
Slide 1: William Blair 46th Annual Growth Stock Conference
William Blair 46th Annual Growth Stock Conference June 4, 2026 12 MAY 2026 Jon Rambeau Steven Gitlin Chief Executive Officer Senior Vice President, Investor Relations
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Pr
Slide 3: Karman is a New Kind of Space & Defense Company
Karman is a New Kind of Space & Defense Company We Rapidly Develop and Produce Affordable, Integrated Capabilities for Space & Defense Applications Merchant supplier to 80+ customers & 130+ programs Prime Highly engineered, IP-enabled, integrated space & defense system solutions Contractors Prime Ve
Slide 4: From Deep Sea to Deep Space, Karman Designs & Delivers IP-Enabled Solutions
From Deep Sea to Deep Space, Karman Designs & Delivers IP-Enabled Solutions by Leveraging In-House Design Engineering & Vertically Integrated Manufacturing Karman Serves High-Growth, High-Priority Markets... Tactialigsites & Hypersonics & -* rate Maritime Defense StrategioMissile Integrated Defense
Slide 5: Continuing to Produce Strong Financial Results
Continuing to Produce Strong Financial Results Revenue ($M) Adj. EBITDA & Margin ($M)(2) 2023 - Q1 2026 CAGR: 32% $523 2023 - Q1 2026 CAGR: 35% $160 $26 $472 $145 $181 $172 $345 $106 $281 $116 $82 $86 $160 $150 $115 $95 31% 31% 31% 29% $150 $156 $100 $115 2023 2024 2025 TTM Q1 2026 2023 2024 2025 TT
Slide 6: Karman is Experiencing Significant Momentum
Karman is Experiencing Significant Momentum Key Statistics Long-Term Outlook Key 2026 YTD Deals ~3x Increase in Active Pipeline(1) Major Programs Across Karman Are Entering Rapid Growth ~$250M Space Launch Production LTA ~$100M Munition Development Program Market Impact Of Major Programs Includi
Slide 7: Financial Tables
Financial Tables 12 MAY 2026
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures (unaudited, in thousands, except percent and per share data) FY 2025 FY 2024 FY 2023 Net income $ 17,366 $ 12,701 $ 4,359 Income tax provision 15,156 1,628 (3,169) 1 Depreciation and amortization 42,737 32,958 27,179 Interest expense, net 44,567 50,733 4
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures For the three months ended March 31, (unaudited, in thousands, except percent and per share data) 2026 2025 Net income $ 7,794 $ (4,798) Income tax provision 838 3,308 1 Depreciation and amortization 16,632 8,869 Interest expense, net 12,646 11,373 EBITD
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Footnotes This presentation includes certain non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted EPS. We believe the non-GAAP financial measures will help investors understand our financial condition and operating results an
Slide 11: investors@karman-sd.com
investors@karman-sd.com 12 MAY 2026
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