Boresight Ltd. · ASX:BST
Boresight — Q1 FY27 Earnings Presentation
17 slides from Boresight's earnings presentation, Oct 21, 2026
Slide 1: Q1 FY27 Investor Webinar
rsonal use only AFFORDABLE ADVANTAGE. REAL READINESS. Q1 FY27 INVESTOR WEBINAR DELIVERING ON IPO PLANS FOR GROWTH ASX: BST | 21 Oct 2026 COMMERCIAL-IN-CONFIDENCE
Slide 2: Disclaimer
DISCLAIMER rsonal use only This presentation has been prepared by Boresight Ltd (Company) and contains background information about the Company’s current situation at the date of this presentation. This presentation should be read in conjunction with the Company’s replacement prospectus dated 23 Apr
Slide 3: Who We Are
WHO WE ARE rsonal use only Realistic Aerial Targets for C-UAS Training & Testing • Established in Canberra, AU in 2020 • Integrated ecosystem combining aerial target drones, mission planning software, and ground control systems • Realistic, repeatable and cost-effective threat representation for cou
Slide 4: Quarter Highlights Q1FY27
QUARTER HIGHLIGHTS Q1FY27 rsonal use only US EXPANSION1 ~A$535k2 $5.39m3 Secured Larger Alabama Facility Repeat Purchase Order Cash & Cash Equivalent To support growing North American North American Military Training at quarter-end demand for sovereign made product customer No DEBT 6300 BQ-400 miles
Slide 5: Q1FY27 Performance Overview
Q1FY27 PERFORMANCE OVERVIEW1 rsonal use only 1. REVENUE A$829k unaudited 2. Net Operating Cash Outflow A$2.28m 3. Cash and Cash Equivalents A$5.39m NO DEBT 1 ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 5
Slide 6: The Scaling Quarter
THE SCALING QUARTER rsonal use only • A$962,516 spent on purchase of materials to increase inventory and fulfil orders for faster response to customer demands • A$136K invested in relation to the expansion of the Group’s US manufacturing facilities • 4 new key hires across Australia and USA • Now re
Slide 7: Australian Defence Force (ADF) Partnership
AUSTRALIAN DEFENCE FORCE (ADF) PARTNERSHIP1 rsonal use only • 120 BQ-400s delivered to ADF units • ADF-Funded capability uplift program for the BS- 350 ISR drone (night vision, ruggedisation, improved UI) with delivery due in Q2FY27 • Target drone supply on going into the multi-year LAND 156 counter
Slide 8: United States: Scaling Up
UNITED STATES: SCALING UP rsonal use only • More than doubled our US team and moved into a significantly larger, more capable facility to support growing demand across the US Military 1 • Secured our largest-ever US order from the prestigious National Training Centre (NTC) at Fort Irwin, California,
Slide 9: Global Footprint
GLOBAL FOOTPRINT1 rsonal use only • Boresight UK Ltd operation is driving growth with trials for the BQ400 and BQ750’s for UK’s Ministry of Defence secured • BF100 and BQ400 target drones used in demonstrations for NATO event in Europe • Boresight became a registered supplier to Lockheed Martin in a
Slide 10: Manufacturing & Product Milestones
MANUFACTURING & PRODUCT MILESTONES rsonal use only • 6,300th BQ-400 target drone manufactured and delivered1 • BQ-750 Block 2 (larger multirotor target) released, with BQ-400 customer sales already made1 • BF-100 fixed-wing target initial low-rate production release achieved with sales made to custo
Slide 11: Technology Edge: One-to-Many Ground Control
TECHNOLOGY EDGE: ONE-TO-MANY GROUND CONTROL rsonal use only CASA certification to fly up to 20 target drones simultaneously for customers Certification for up to 100 simultaneous drones for internal testing and development Enables realistic drone "swarm" threat emulation for military training Single
Slide 12: Building the Moat
BUILDING THE MOAT rsonal use only 01 Sovereign Design & Manufacturing Fully sovereign capability ensuring complete supply chain security and local defense alignment. 02 Proprietary GCS & Autonomous Swarming Cutting-edge ground control software enabling scalable multi-drone swarm operations. 03 Rapid
Slide 13: Global BST Outlook
GLOBAL BST OUTLOOK GLOBAL C-UAS BUDGETS INCREASING rsonal use only US$21B | USA US$40B | NATO Requested for C-UAS in the 2027 Budget¹ Allocated for C-UAS over next five years² 790M GBP | UK A$7B | AUS Dedicated for air drone and missile defence³ Invested for C-UAS over next ten years⁴ BORESIGHT (BST
Slide 14: Capital Structure
CAPITAL STRUCTURE rsonal use only MARKET CAP A$45.98M OPTIONS 34.2M* SHARE PRICE A$0.20 as at ASX 19.10.26 SHARES ON ISSUE 209M DIRECTORS & SENIOR MANAGEMENT HOLD 49.3% *Five year expiry with 25 cent strike price. ASX 09.06.26 Investor Presentation June 26 COMMERCIAL-IN-CONFIDENCE 14
Slide 15: Why Boresight
WHY BORESIGHT rsonal use only Proven, high-growth revenue trajectory (~81% three-year CAGR) Strengthened, debt-free balance sheet post-IPO Deep, expanding relationships with US Department of War and ADF Scalable global manufacturing footprint Clear runway: expanding pipeline in a structurally growin
Slide 16: Leadership Team
LEADERSHIP TEAM BACKED BY DEFENCE EXPERTS rsonal use only Justin Olde Dr Andrew Windsor Michael Sinkowitsch Blake Burton Managing Director & Non-Executive Chairman Executive Director Non-Executive CEO Director WE KNOW DEFENCE | WE KNOW DRONES | WE KNOW BUSINESS COMMERCIAL-IN-CONFIDENCE 16
Slide 17: Questions & Discussion
rsonal use only BUILT FOR TRAINING. POSITIONED FOR GROWTH. Realistic aerial targets for counter-drone training and testing. QUESTIONS & DISCUSSION Justin Olde MD & CEO j.olde@boresightuas.com BORESIGHTUAS.COM COMMERCIAL-IN-CONFIDENCE 17