Slide 1: Investor Presentation
The World’s Most Effective and Advanced Training Simulator Systems INVESTOR PRESENTATION August 2023 NASDAQ: VTSI January 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains or incorporates by reference certain forward-looking statements that are subject to various risks and uncertainties. Forward- looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “po
Slide 3: About VirTra
By the Numbers About VirTra • VirTra provides the world’s finest training simulators for the law Deployed in enforcement and broader defense industries $36.6 Million Hundreds of Agencies • We safely & cost-effectively replicate in Revenue (TTM ending in 40 Countries the stress & uncertainty of real-
Slide 4: Police Training Is Needed & Supported
Police Training Is Needed & Supported 68% “A solid majority of Americans of Americans support approve of de-escalation training additional training for even though most believe police police (1) officers use appropriate force and have integrity.” (1) (1) Ekins, Emily. “Policing in America: Understan
Slide 5: Current Methods Are Insufficient or Too Expensive
Current Methods Are Insufficient or Too Expensive Classroom/Academics/Online • Knowledge does not equal performance WHAT’S NEEDED? Simunition® Training with Actors Effective Training via Reviewable & • Expensive, time consuming Repeatable Scenarios • Very limited de-escalation training • No debrief
Slide 6: V-300® Degree Simulator
V-300® Degree Simulator NASDAQ: VTSI 6 January 2024
Slide 7: V-100® and V-180®
V-100® V-180® Single-screen simulation training 180-degree immersive training environment NASDAQ: VTSI 7 January 2024
Slide 8: V-ST PRO®
V-ST PRO® Shooting and skills training simulator Up to 5 screens 1 to 30 lanes of marksmanship NASDAQ: VTSI 8 January 2024
Slide 9: V-XR® Extended Reality Headset
Educate Experience V-XR® Extended Reality Headset Low-Profile and Portable Instructor-led or self-driven Engage Three Modes of Training Curriculum NASDAQ: VTSI 9 January 2024
Slide 10: V-3™ – Volumetric Capture Studio
V-3™ – Volumetric Capture Studio Real actors, not CGI Enhanced Realism – Reduces Training Scars NASDAQ: VTSI 10 January 2024
Slide 11: Industry-Leading Accessories
Industry-Leading Accessories User Input System Feedback Firearms & TASER Threat-Fire® Realistic firearms Patented technology parts swapped for delivers adjustable simulation electric impulse Trainees use the Simulating hostile weapons they carry return fire changes every day Effectiveness Wide-selec
Slide 12: V-VICTA Curriculum
Human Factors in Contact & Cover Force Encounters Concepts V-VICTA Curriculum VirTra – Virtual Interactive Coursework Training Academy TM Injured Officer Tourniquet Handgun Application Under Manipulation Threat Nationally recognized, certified curriculum and interactive virtual coursework TASER Ta
Slide 13: Law Enforcement Market
Law Enforcement Market Domestic $650 million TAM (6,500 larger U.S. agencies(1)) Currently serving hundreds of domestic agencies STEP – potential to expand to all 18,000 U.S. agencies International Currently in 40 countries internationally Notable Existing Deployments Domestic International
Slide 14: International System Deployment
International System Deployment VirTra simulators have been deployed in 40 countries worldwide out of 174 potential. NASDAQ: VTSI 14 January 2024
Slide 15: Why Customers Choose VirTra
Why Customers Choose VirTra Competition Realistic 300⁰ and 180⁰ simulators with None or very few 300⁰ and 180⁰ simulator >100 deployments for each category deployments Simplistic and low-budget scenarios, often Far Superior Training Content Library lacking in realism and training value Add real stre
Slide 16: Financial Overview
Financial Overview Proven track record of consistent growth Total Revenue Gross Profit Net Income $36.6 * $28.3 $7.0 $24.4 $23.6 $18.7 $19.1 $16.3 $11.9 $11.4 $2.5 (1) $9.7 $2.0 $1.5 $(0.1) 2019 2020 2021 2022 TTM 2019 2020 2021 2022 TTM 2019 2020 2021 2022 TTM ($ in millions) ($ in millions) (1) In
Slide 17: Solid Balance Sheet to Fuel Growth
Solid Balance Sheet to Fuel Growth Sep. 30, Dec. 31, $ in Millions Clean Capital Structure 2023 2022 Cash & Equivalents $17.2 $13.5 $17.2 million in cash Total Assets $68.5 $53.8 10.9 million shares outstanding Total Debt* $8.2* $8.3* Total Equity $39.7 $33.7 *Total debt at December 31, 2022 and Sep
Slide 18: Growth Tactics
Growth Tactics Building upon a strong foundational core to scale and grow our business Leverage Strategic • Force Science Institute • Haley Strategic Partners Partnerships • National Sheriff’s Association • Introduce new product categories and Grow Beyond Existing increase recurring revenue streams
Slide 19: STEP – Subscription Training Equipment and Partnership Program
STEP – Subscription Training Equipment and Partnership Program Launched March 2019 12-month subscription Increases recurring revenue More consistent & predictable Increases TAM Reduces upfront costs Lowers barrier to entry for agencies NASDAQ: NASDAQ:VTSI VTSI 19 January 2024 19
Slide 20: Additional Growth Opportunities: Military
Additional Growth Opportunities: Military Increased budgets and tech advancements expand the military simulation market opportunity Growing demand for AR/VR Tech, mission-oriented scenarios, and Recoil Kits aligns with VirTra’s culture of innovation and core immersive tech Direct transfer of t
Slide 21: Investment Considerations
Investment Considerations • Best-in-class de-escalation and judgmental use-of-force simulators Industry • Technology that addresses critical concerns, such as limited range training space and Leader environmental considerations • Alternatives are often too expensive, too unrealistic or too dangerous
Slide 22: Contact Us
Contact Us VirTra, Inc. www.virtra.com Investor Relations Matt Glover | Alec Wilson Gateway Group VTSI@gateway-grp.com (949) 574-3860 NASDAQ: VTSI 22 January 2024
Slide 23: Appendix
Appendix
Slide 24: Additional Officer Testimonials
Additional Officer Testimonials “ I definitely feel better about going out on the next call after being put through the paces in “ It’s not a one-time training tool – the opportunities are the VirTra system.” limitless.” - O’Fallon Police Officer – First Sergeant Joe Bice Stafford County Sheriff’s O
Slide 25: Senior Management
Senior Management John Givens, Director, Chief Executive Officer John Givens has over 20 years of experience as a soldier, board member, entrepreneur and corporate executive. In 2010, Mr. Givens established the US company of BISim, and as president, took military simulation products from inception t
Slide 26: Board of Directors
Board of Directors Bob Ferris, Founder, Executive Chairman Mr. Ferris founded Ferris Productions, Inc. in 1993 and, after the merger between Ferris Productions and GameCom in September 2001, he became CEO of the combined company, VirTra, in 2008. Mr. Ferris’s vision was to create the most effective