Slide 1: Elsight Limited (ASX:ELS) - Unlocking the Future of Uncrewed Systems
Elsight Limited (ASX:ELS) Unlocking the Future of Uncrewed Systems Investors’ presentation, February 2026
Slide 2: Important Disclaimers and Notices
Important Disclaimers and Notices This disclaimer applies to this presentation and the information contained in it (Presentation). By reading this disclaimer you agree to be bound by it. The Presentation has been prepared by Elsight Limited and all related bodies corporate (Company). Not an offer or
Slide 3: Executive Summary
Executive Summary Strategic focus on the unmanned market, expansion of product portfolio and targeting specific accounts (military & commercial) › Proprietary, world-leading Tier-1 solutions for Beyond Visual Line of Sight (BVLOS) unmanned systems that offers unhindered freedom to maneuver anywhere,
Slide 4: Investment Highlights
Investment Highlights High-margin sales pipeline with supporting structural tailwinds Proprietary world-leading connectivity solution for Beyond Visual Line of Sight (BVLOS) unmanned systems currently expanding product offering and Total Addressable Market (TAM) Uniquely positioned to capitalize on
Slide 5: We’re just scratching the surface… and only getting started.
We’re just scratching the surface… and only getting started. Our recent success is only a fraction of what lies ahead…
Slide 6: A "Perfect Storm" in Defense & Unmanned Industries
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Slide 7: Perfect Storm in Defense & Unmanned Industries
Perfect Storm" in Defense & Unmanned Industries
Slide 8: Perfect Storms Create New Category Leaders
Perfect Storms Create New Category Leaders
Slide 9: Elsight Is the Backbone of Uncrewed Systems
Elsight Is the Backbone of Uncrewed Systems Uniquely positioned to lead a rapidly transforming defense and unmanned market
Slide 10: Rapid Profitable Growth
Rapid Profitable Growth FY2025 results highlight the scalability and acceleration of Elsight’s business model. US$137 M pipeline expected to drive high margin sales ongoing growth over 2026 and 2027 YoY Revenue Growth (US$M) Operating Cashflow (US$M) $22.8 $22 $25.0 $25.0 $19.8 $20.0 $20.0 $15.0 $15
Slide 11: Scalable, Capital-light Manufacturing Capacity
Scalable, Capital-light Manufacturing Capacity The smarts of the Elsight system are its proprietary algorithms and software technology Ultra-Simple Hardware – Universally Manufacturable Hardware intentionally designed for simplicity, allowing virtually any qualified electronics manufacturer to produ
Slide 12: Pipeline of Realisable Opportunities
Pipeline of Realisable Opportunities Identified Opportunity › US$137M pipeline of opportunities built with limited investment in $137 m (Identified opportunity within ELS sales and marketing capability) › Majority of the revenue acceleration over the next 18–24 months to be defence-driven Qualificat
Slide 13: Elsight’s Organization: Built for an Evolving Markets
Elsight’s Organization: Built for an Evolving Markets Established local footprints in key Disciplined Growth in people Established a Strategy function markets, including manufacturing
Slide 14: The Future Backbone of Uncrewed Systems
A Moment of Transition in Elsight’s History From a connectivity company to The Future Backbone of Uncrewed Systems
Slide 15: Our Path to a 2028: ~$10 Billion SAM
Our Path to a 2028: ~$10 Billion SAM Offering a full mission stack across e e $1 0 B | | | ion M arket Connectivity, Positioning, Video, and Autonomy. 2026: ~$5 Billion SAM Expanding into new pillars: non-GNSS Positioning and basic Autonomy. © 2025: $250 Million SAM Focused on specialized cellular c
Slide 16: Our Path to a $10 Billion Market
Our Path to a $10 Billion Market UAS spending to top Swed d $440 milli ewe unmanned miliary drone systems $258 billion over next decade: report Germany approves €50bn in military Japan's Record $60 Billion Defense Budget Seeks Unmanned purchases Systems, Long-range Munitions Billions for new uncrewe
Slide 17: Moving from a single component provider to a unified portfolio
Moving from a single component provider to a unified portfolio enabling all technologies needed for uncrewed systems to perform their missions Positioning Connectivity Precision positioning & guidance Secure, resilient, multi-layered connectivity Connectivity Secure, resilient connectivity provider
Slide 18: We're not fighting OEMs: We make them Better
We're not fighting OEMs: We make them Better http://news.microsoft.com/microsoft_lov es_linux/
Slide 19: Commercialization Strategy
Commercialization Strategy Europe › NATO defence spending aiming to Expanding direct sales model to execute enhance capabilities in unmanned on high value defence opportunities systems, artificial intelligence, and counter-drone technologies, reflecting lessons learned from recent conflicts and evol
Slide 20: Elsight’s Halo Awarded through U.S. DIU Project GI, Advanced to Phase 3
Elsight’s Halo Awarded through U.S. Defense Innovation Unit’s (DIU) Project GI for Reliable Connectivity in Contested Domains, Advanced to Phase 3 1. In Phase 2, Elsight demonstrated its HALO multilink bonded connectivity platform as a key enabler for mission-ready uncrewed systems (UxS) supporting
Slide 21: Business Model & Commercialization Strategy: A High-Margin, Recurring Revenue Model
Business Model & Commercialization Strategy: A High-Margin, Recurring Revenue Model › One-time revenue from the initial sale of the Halo system Halo System Sale › Includes Halo Hardware and access (76% gross margins) to Elsight's proprietary software and aggregation algorithm › Recurring revenue via
Slide 22: Elsight’s portfolio is built to support AI
The Era of Reliable Structured DATA to Leverage AI Algorithms Elsight has a strategic data asset which can be leveraged by AI systems to drive additional products and revenue streams Elsight has captured over 500,000 hours of operational flight and drive hours across diverse, high-demand environment
Slide 23: Commercialization Strategy
Commercialization Strategy A Parallel Business Unit Began • Established a new business unit dedicated to developing a new product line that builds on the Company’s proven expertise in cellular connectivity, data integration, and real-time fusion technologies. • With a new head of business unit and a
Slide 24: Expected Upcoming Milestones
Expected Upcoming Milestones › Expansion of sales team in North America and Europe has begun to accelerate pipeline growth and conversion › › Execution of US$137m pipeline of opportunities, including: › Expansion of existing defence supply agreements › New defence customers added › New design-win cu
Slide 25: Why Elsight can own this future?
Why Elsight can own this future?
Slide 26: A bold yet realistic vision, grounded in data and proven capabilities
A bold yet realistic vision, grounded in data and the company’s proven capabilities We have strong conviction in our ability to execute and lead this future
Slide 27: Appendix
Appendix
Slide 28: Competitive Landscape
Competitive Landscape Elsight is well-positioned with a full-suite product and capability offering for customers Example BVLOS of Solution Link resiliency Optimal SWaP Security Bandwidth Compatible Company RF None Partial Partial Partial None Satellite Partial None Partial None Partial Single Cellul
Slide 29: Elsight’s Growth Strategy
Elsight’s Growth Strategy Current opportunity in defence complemented by medium-term growth in the commercial drone market and ongoing growth coming from new product development Horizon Level 3 Market and Platform & Market Expansion – Unlocking the Next Growth Product Frontier with new capabilities
Slide 30: Design-win Strategy
Design-win Strategy Strategic Investment into growth customers to rapidly scale Elsight sales ➢ Elsight has positioned Halo as a core embedded communications solution in a wide range of high-growth drone platforms at early development stages ➢ Halo is deeply integrated through rigorous testing and v
Slide 31: Design-win Customer Examples
Design-win Customer Examples Strategic Investment into growth customers to rapidly scale Elsight sales Company Information: A global aerospace and Company Information: Flock Safety provides a defense leader, Lockheed Martin is heavily involved comprehensive, maintenance-free technology Company Infor
Slide 32: Key Risks
Key Risks This section comments on the risks associated with an investment in Elsight Ltd (Elsight) and in connection with the Placement and the associated transaction outlined in this presentation. Like any investment, there are risks associated with an investment in Elsight's shares. This section
Slide 33: Key Risks (continued)
Key Risks (continued) Elsight’s proprietary edge lies in its AI-driven multi-link bonding and communication technologies. The company’s ability to maintain its technological lead Intellectual Property & Competition and enforce IP protections is critical to its market position. If competitors success
Slide 34: Glossary
Glossary Term Definition Drone or UAS operations when the remote pilot (or visual observer) cannot maintain unaided visual contact with the aircraft. This raises BVLOS – Beyond Visual Line of Sight additional safety/regulatory requirements because you cannot “see” the drone the whole time. dipul+2Ae
Slide 35: THANK YOU
THANK YOU www.elsight.com IR@elsight.com