Slide 1: Software-Defined Digitization for Defence. Purpose-Built Less-Lethal for Public Safety.
SOFTWARE-DEFINED DIGITIZATION FOR DEFENCE. PURPOSE-BUILT LESS-LETHAL FOR PUBLIC SAFETY. DEFSEC Technologies Inc. | NASDAQ & TSXV: DFSC | FSE: 62UA Investor Presentation | JUNE 12, 2026
Slide 2: Disclaimer
DISCLAIMER Non-Reliance at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, This presentation does not provide full disclosure of all material facts relating to DEFSEC Technologies Inc, or its possibly materially, from the results di
Slide 3: The Investment Thesis
THE INVESTMENT THESIS Five reasons DEFSEC is positioned to break out 1 2 3 ANCHOR CONTRACTS 229% REVENUE GROWTH SaaS MULTIPLIER Up to $75M in programmatic services revenue locked FY25 revenue $4.9M, up from $1.5M. Digitization DEFSEC Lightning™ — first subscription booked. ~$0.5– under DSEF & Land C
Slide 4: Why Now
WHY NOW Three converging tailwinds drive a multi-year opportunity 2% 5% $75M+ 700k+ of GDP programmatic contracts officers DEFENCE SPENDING SUPERCYCLE DIGITIZATION IS THE MANDATE LESS-LETHAL DEMAND RISING NATO members committing to 2%+ of GDP amid DND is modernizing Land C4ISR and battle ~700k U.S.
Slide 5: What We Do
WHAT WE DO Three business lines. One mission: make soldiers and first responders more effective and safer. 81% of FY25 revenue <1% of FY25 revenue 18% of FY25 revenue DIGITIZATION LIGHTNING™ SaaS LESS-LETHAL SYSTEMS Software engineering for Canadian DND (DSEF, TAK-enabled real-time situational aware
Slide 6: Anchor Contracts
ANCHOR CONTRACTS Multi-year visibility from two foundational Canadian DND programs DSEF $75M Canadian Army’s central provider of C2 software. Initial 5-yr term through Apr 2028 with renewal options for an additional five years (through Apr 2033). Thales / DEFSEC / Akkodis JV. CAD $136M JV ceiling •
Slide 7: The Growth Engine: DEFSEC Lightning
THE GROWTH ENGINE: DEFSEC LIGHTNING™ TAK-enabled real-time situational awareness — sold as SaaS to first responders WHAT IT IS THE TAM MATH Command-chain situational awareness for ~2.5M users2 critical incidents US/Canada law enforcement, paramedics and firefighters Real-time data up/down command ch
Slide 8: Recurring Less-Lethal Product Revenue: ARWEN + PARA SHOT
RECURRING LESS-LETHAL PRODUCT REVENUE: ARWEN® + PARA SHOT™ A trusted 40-year less-lethal brand with expanding product lines and ready distribution 40+ +80% 37mm North America YEARS FY25 REV + 40mm FOOTPRINT ARWEN® market heritage $0.5M → $0.9M Product range expanding Law enforcement agencies across
Slide 9: BLISS — Laser Threat ID, Networked
BLISS™ — LASER THREAT ID, NETWORKED NEW · MAR 2026 Battlespace Laser Identification Sensor System - Next-generation tactical-edge sensor building on BLDS — now with emitter ID, networked awareness and a TAK-integrated app suite THE CAPABILITY THE COMMERCIAL PATH Enhanced detection Identifies laser t
Slide 10: Financial Momentum
FINANCIAL MOMENTUM Revenue scaling, gross margin expanding, losses narrowing +229% +59% ~$9.4M FY25 revenue growth H1 FY26 revenue growth (YoY) Near-term annualized billings run-rate (May 2026) Revenue (CAD$ millions) 6.9 4.9 1.5 1.2 FY23 FY24 FY25 Q2 FY26 annualized
Slide 11: Capitalization & Liquidity
CAPITALIZATION & LIQUIDITY Disciplined balance sheet; cash runway supports FY26 execution plan $3.0M $3.6M 35.2% ~$9.4M $0 Cash & equivalents Working capital Gross margin Annualized billings Debt Mar 31, 2026 Q2 FY26 FY2025 near-term run-rate Q2 FY26 PUBLIC LISTING AND RECENT OFFERING RUNWAY & USE O
Slide 12: Capitalization
CAPITALIZATION CAPITAL STRUCTURE AS AT MAY 13, 2026 Average exercise price** Total Common shares 1,993,626 Warrants* $11.12 1,694,232 Pre-funded warrants* $0.29 722 Warrant liabilities* $651.17 45,425 U.S. Underwriter warrants* $25.16 131,919 Stock options $9.85 152,434 Total common shares and dilut
Slide 13: Management Team
MANAGEMENT TEAM Public-company operators with defence-tech, SaaS and capital-markets pedigree Sean Homuth Jennifer Welsh CPA,CA SH President & CEO JW CFO & Chief Compliance Officer Experienced senior executive involved in upwards of $1B+ of contracts, financings and M&A Senior finance executive with
Slide 14: Board of Directors
BOARD OF DIRECTORS Seven-director board combining founder credibility, senior military leadership, large-cap defence-prime operating pedigree, and public-markets governance DL SH RH DI David E. Luxton Sean Homuth Gen. (Ret.) Rick Hillier David Ibbetson Executive Chairman President, CEO & Director Bo
Slide 15: FY26 Catalysts
FY26 CATALYSTS A sequenced path from contracted billings to scaled SaaS and international expansion MAY 2026 MAY 2026 2H CY2026 CY2026+ Program Run-Rate Lightning™ Launch PARA SHOT™ Scale International 45 roles staffed on DSEF / Land Full commercial release of TAK- Training cartridge and launcher Bu
Slide 16: The DEFSEC Opportunity
THE DEFSEC OPPORTUNITY A micro-cap defence platform with contracted revenue, recurring SaaS upside, and deep operator leadership — at an inflection point. 1 2 3 4 5 Contracted Compounding Recurring Capital-Efficient Aligned Up to $75M programmatic ceiling 229% FY25 revenue growth; Lightning™ SaaS la