Karman Holdings Inc. · NYSE:KRMN
Karman — Karman Space & Defense — Merger or Acquisition (January 2026)
16 slides from Karman's merger presentation, Jan 21, 2026
Slide 1: Karman Space & Defense to Acquire Seemann Composites and Materials Sciences
Karman Space & Defense to Acquire Seemann Composites and Materials Sciences January 21, 2026 21 JAN, 2026 Tony Koblinski Mike Willis Jonathan Beaudoin Steven Gitlin Sid Charbonnet Chief Executive Officer Chief Financial Officer Chief Operating Officer Vice President Investor Relations President, See
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 P
Slide 3: Today's Agenda
Today’s Agenda Karman’s differentiated market position and proven success with strategic additions 1 strengthen our competitive moat and drive generational growth 2 Overview of Seemann Composites and Material Sciences 3 Financial update on our continued strong growth and industry-leading margins 21
Slide 4: Transaction Summary for Seemann Composites & MSC
Transaction Summary for Seemann Composites & MSC • Acquisition of Seemann Composites, LLC (“Seemann”) and Materials Sciences LLC (“MSC”), leaders in specialty maritime defense technologies Overview • Transaction expected to close in Q1 2026, subject to regulatory approvals and customary closing cond
Slide 5: Karman Strategy and Acquisition Philosophy
TO N Y KO B LINKS I Karman Strategy and Acquisition Philosophy Chief Executive Officer 21 JAN, 2026 5
Slide 6: Karman's Strategy is to Deliver Advanced Systems for Next Generation Propulsion and Shielding Applications
Karman’s Strategy is to Deliver Advanced Systems for Next Generation Propulsion and Shielding Applications Serving the Country’s Highest Priority National Security Interests From Deep Sea to Deep Space Our High Priority Markets Hypersonics & Tactical Missiles & Strategic Missile Maritime Defense Int
Slide 7: Strategic Acquisitions Have Enhanced Our Unique Position
Strategic Acquisitions Have Enhanced Our Unique Position M&A Philosophy Acquisitions Since IPO Acquisition Results Well Defined Acquisition Priorities & Acquisitions Consistently Create Strategic M&A Roadmap: Incremental Opportunities to Accelerate Growth: Proprietary Products Rapidly Developing &
Slide 8: Karman is a "Pure-Play" Supplier to the DoW's Highest Priority Initiatives
Karman is a “Pure-Play” Supplier to the DoW’s Highest Priority Initiatives “Hypersonics & Strategic “Tactical Missiles & “Maritime Defense” “Space & Launch” Missile Defense” Integrated Defense” Hypersonics Loitering Munitions Manned Submarines Launch Vehicles Key Domains Strategic Deterrence Missile
Slide 9: Overview of Seemann Composites
SID CHARBONNET Overview of Seemann Composites President, Seamann Composites 21 JAN, 2026 9
Slide 10: Introducing Seemann Composites & MSC
Introducing Seemann Composites & MSC OVERVIEW DEMAND DRIVERS • Large scale proprietary products, primarily for propulsion and sonar protection • 40+ year history serving the Navy’s highest priority programs Rapidly Evolving Threat Aging Fleet & • Embedded in major programs from upfront design throug
Slide 11: Highly Strategic and Complementary to the Karman Portfolio
Highly Strategic and Complementary to the Karman Portfolio Karman Seemann Propulsion Interstage Shroud Propulsion Interstage Shielding Complete portfolio Supporting products Energetic driven Propeller blades, Light weight wide aperture Large acoustic sonar of propulsion systems – through the entire
Slide 12: Karman + Seemann is a Compelling Partnership for Shared Growth
Karman + Seemann is a Compelling Partnership for Shared Growth With strategically aligned capabilities, products and market position, Seemann has been on Karman’s strategic roadmap for years and is the natural expansion of Karman into the maritime domain Seemann is the “Karman of the Sea” Karman/See
Slide 13: Financial Update
MIKE WILLIS Financial Update Chief Financial Officer 21 JAN, 2026 13
Slide 14: Updated Fiscal Year 2025 and 2026 Guidance
Updated Fiscal Year 2025 and 2026 Guidance Karman continues to deliver strong growth with industry leading margins: 2025 2026(1) 2024 As Reported Prior Guidance Updated Guidance Δ YoY Growth Guidance Δ YoY Growth ($ in millions, except percentages) as of November 6, 2025 Revenue $345.3 $461 - $463 $
Slide 15: Growth Profile Snapshot
Growth Profile Snapshot Total Revenue Growth Total Funded Backlog Growth Organic Growth Inorganic Growth Organic Funded Backlog Acquired Backlog ~50% ~36% ~31% ~25% ~1.3x ~11% ~6% Organic Book-to- Bill(2) ~25% ~25% ~25% 2024A - 2025 Guidance 2025 Guidance - 2026 Guidance 2024A - 2025 Guidance (inclu
Slide 16: Thank You
Thank You 21 JAN, 2026 investors@karman-sd.com NYSE: KRMN
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