Karman Holdings Inc. · NYSE:KRMN
Karman — Merger or Acquisition (January 2026)
16 slides from Karman's merger presentation, Jan 21, 2026
Slide 1: Karman Expands into Maritime Defense with Agreement to Acquire Seemann Composites and Materials Sciences
Karman Space & Defense Expands into High-Priority Maritime Defense Market with Agreement to Acquire Seemann Composites and Materials Sciences January 21, 2026 Tony Koblinski Chief Executive Officer Mike Willis Chief Financial Officer Steven Gitlin Vice President Investor Relations Jonathan Beaudoin
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: Today's Agenda
Today’s Agenda Karman’s differentiated market position and proven success with strategic additions strengthen our competitive moat and drive generational growth 1 Overview of Seemann Composites and Material Sciences 2 Financial update on our continued strong growth and industry-leading margins 3 ©20
Slide 4: Transaction Summary for Seemann Composites & MSC
Transaction Summary for Seemann Composites & MSC ©2026 Karman Space & Defense Overview Acquisition of Seemann Composites, LLC (“Seemann”) and Materials Sciences LLC (“MSC”), leaders in specialty maritime defense technologies Transaction expected to close in Q1 2026, subject to regulatory approvals a
Slide 5: Karman Strategy and Acquisition Philosophy
Karman Strategy and Acquisition Philosophy Chief Executive Officer TONY KOBLINKSI 5
Slide 6: Key Market Characteristics and Karman Differentiators
Key Market Characteristics Example Propulsion Products Example Shielding Products Fragmented Supply Chains that Need a Scaled, Tier 1 Partner Karman’s Strategy is to Deliver Advanced Systems for Next Generation Propulsion and Shielding Applications Serving the Country’s Highest Priority National Sec
Slide 7: M&A Philosophy and Acquisitions Since IPO
M&A Philosophy Acquisitions Since IPO Acquisition Results Strategic Acquisitions Have Enhanced Our Unique Position Acquisitions Consistently Create Incremental Opportunities to Accelerate Growth: Complementary IP-Rich Products New Products & Tech for Cross-Sell Vertical Integration & In-Sourcing Exp
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 Growth Outlook Hypersonics Market Key Domains Hypersonics Strategic Deterrence Missiles Loitering Munitions UAS / C-UAS “Hypersonics & Strategic Missile Defense” “Tactical Missiles & Integrated Defense” Golden Dome Rapidly Ev
Slide 9: Overview of Seemann Composites
Overview of Seemann Composites President, Seamann Composites SID CHARBONNET 9
Slide 10: Introducing Seemann Composites & MSC
Manned Undersea Unmanned Undersea / Surface Strategic Surface Vessels Hypersonic & Missile Introducing Seemann Composites & MSC ©2026 Karman Space & Defense KEY PROGRAMS Large scale proprietary products, primarily for propulsion and sonar protection 40+ year history serving the Navy’s highest priori
Slide 11: Highly Strategic and Complementary to the Karman Portfolio
Highly Strategic and Complementary to the Karman Portfolio “Tip-to-Tail” “Bow-to-Stern” Propulsion Complete portfolio of propulsion systems – SRMs, nozzles, propellant cases, launchers Interstage Supporting products through the entire body of a missile / launch vehicle Shroud Energetic driven deploy
Slide 12: Karman + Seemann is a Compelling Partnership for Shared Growth
Seemann offers strategically aligned capabilities… System-Level Design Karman + Seemann is a Compelling Partnership for Shared Growth Seemann is the “Karman of the Sea” Karman/Seemann Opportunity With strategically aligned capabilities, products and market position, Seemann has been on Karman’s stra
Slide 13: Financial Update
Financial Update Chief Financial Officer MIKE WILLIS 13
Slide 14: Updated Fiscal Year 2025 and 2026 Guidance
Updated Fiscal Year 2025 and 2026 Guidance ©2026 Karman Space & Defense ($ in millions, except percentages) 2024 As Reported 2025 2026(1) Prior Guidance as of November 6, 2025 Updated Guidance Δ YoY Growth Guidance Δ YoY Growth Revenue $345.3 $461 - $463 $470 - $471 +36% $700 - $715 +50% Adjusted EB
Slide 15: Growth Profile Snapshot
Growth Profile Snapshot Total Revenue Growth Total Funded Backlog Growth ~1.3x Organic Book-to-Bill(2) ~25% ~11% ~36% ~50% ~25% ~25% ~25% ~6% ~31% (excludes Seemann) (includes Seemann)(1) ©2026 Karman Space & Defense (1) Includes nine months of projected results from Seemann & MSC (2) Calculated usi
Slide 16: Thank You
Thank You investors@karman-sd.com NYSE: KRMN
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