Parrot Sa · EURONEXT:PARRO
Parrot Sa — H1 2025 Earnings Presentation
30 slides from Parrot Sa's earnings presentation, November 2025
Slide 1: Investors Presentation November 2025
Investors Presentation November 2025
Slide 2: Speakers: Key managers
SPEAKERS Key managers Henri Seydoux Founder, chairman, CEO & controlling shareholder Anne-Sophie Herelle SVP, Group CFO, since 2024 Chris Roberts 6 years as CFO of public companies, SVP, Chief Revenue Officer Ex Bpifrance investement manager since 2006 Elise Tchen Thebault Marie Calleux SVP, Chief I
Slide 3: European Professional Micro-UAV Leader
EUROPEAN PROFESSIONAL MICRO-UAV LEADER PARROT GROUP Photogrammetry software for Professional UAVs €78m 3D modeling and mapping 2024 revenue: +20% €48 million +45% 2024 revenue: 2024 62% of the Group revenues €30 million -6% Revenue 38% of the Group revenues vs 2023 Created in 1994 by Henri Seydoux,
Slide 4: Parrot today
Parrot today 3 complete Micro-UAV systems +60 partners 9 BtoB software solutions 1 open source SDK PROVIDING INTELLIGENCE, SURVEILLANCE & RECONNAISSANCE THROUGH AUTONOMOUS FLYING & HIGH-PRECISION IMAGING FOR DEFENSE AND SECURITY INSTITUTIONS AND PROFESSIONALS Investors Presentation – November 2025 4
Slide 5: From Consumer Success to Tactical Readiness: A 15-Year Journey
FROM CONSUMER SUCCESS TO TACTICAL READINESS A 15-YEAR JOURNEY DISRUPTING THE DRONE INDUSTRY As a global leader in connected Launching some of As the consumer drone In 2019, Parrot was selected In 2020, Parrot launched device for the Automotive the first major market began to contract in by the U.S.
Slide 6: Offer & Growth Strategy
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Slide 7: ISR UAV: A Multi-Faceted Operational Segment
ISR UAV: A MULTI-FACETED OPERATIONAL SEGMENT ISR > Intelligence, Surveillance & Reconnaissance UAVs equipped with EO/IR sensors to gather real-time tactical information. Multi-million $ armed UAV, flying at +400km/h at 12km altitude: detect, identify, track, engage targets, and assess battle damage.
Slide 8: Parrot's Micro-UAV Systems
ANAFI USA (range), starting at €7,000 ¬ 3 versions: classic, gov, mil ¬ 32X zoom camera & thermal camera ¬ Deployable in 55 seconds. ¬ 32 minutes of flight time and 4 km range (+ unrestricted version for the military) >15,000 units sold & €100m of sales since launch in 2021 ANAFI Ai, starting at €4,
Slide 9: ANAFI UKR Range: Tactical AI-Based Autonomy
ANAFI UKR RANGE: TACTICAL AI-BASED AUTONOMY Full autonomy in GNSS-denied and jammed zones, thanks ¬ 2 versions: Gov, XLR to embedded AI and optical navigation ¬ 35x zoom camera & thermal camera (FLIR BOSON) Combat-proven design, developed with operational ¬ 32/70 minutes of flight time and 20 km ran
Slide 10: Chuck 3.0: The Sovereign AI Autopilot Platform
CHUCK 3.0: THE SOVEREIGN AI AUTOPILOT PLATFORM All-in-one module: AI flight core, jam-resistant multi-band radio, day/night gimbal Multiple OEMs worldwide still lack a certified, sovereign autopilot < 4-month plug-in integration vs 2–3 years in-house development 100% non-Chinese component chain for
Slide 11: Selected Partners Across Technology & Operations, Open Source SDK
SELECTED PARTNERS ACROSS TECHNOLOGY & OPERATIONS, THANKS TO PARROT OPEN SOURCE SDK PARROT OPEN SOURCE UAV fleet management Autonomous UAV operations UAV automation platform Advanced mission planning SDK (software development kit) Aversatile suite of software development tools enabling applications a
Slide 12: Security by Design
SECURITY BY DESIGN Secure Elements integration: protection of the UAV's digital identity, preventing firmware or data corruption and ensuring a secure connection between the controller and the UAV (technological partnership with Wisekey) High level of data encryption: algorythm AES-XTS (512 bits key
Slide 13: Certification, Technologies, Sovereignty and Proven Capabilities
CERTIFICATION, TECHNOLOGIES, SOVEREIGNTY AND LONG TERM PROVEN CAPABILITIES MAKE PARROT UAVS UNIQUE Country, Certification / Company Product year Production Weight Autonomy Sensors regulation created EO/IR, zoom 32×, Fabless ANAFI USA / France 25 – 32 min thermal, GPS- Blue UAS, Parrot (USA, South <1
Slide 14: Geospatial Data Analysis
9 Mapping & 3D modeling GEOSPATIAL DATA PIX4Dmatic PIX4Dmapper ANALYSIS PIX4Dfields SOFTWARE PIX4Dreact + COMPLEMENTARY EQUIPMENT PIX4Dengine Capture applications & devices PIX4Dcapture Pro Cloud Solutions PIX4Dcatch PIX4Dcloud RTK (précision GPS) +55,000 PIX4Dsurvey Investors Presentation – Novembe
Slide 15: Turning Visual Data into Actionable Intelligence
TURNING VISUAL DATA INTO ACTIONABLE INTELLIGENCE THE SCIENCE OF Enables smarter operations in construction, agriculture, infrastructure, energy, and public safety EXTRACTING Responds to growing needs from governments, GEOMETRIC, SPATIAL industries, and agencies for better situational awareness AND V
Slide 16: Pix4D's Positioning in a Structurally Fragmented Market
PIX4D’S POSITIONING IN A STRUCTURALLY FRAGMENTED MARKET Company / Country, year Drone Market positioning Solution type Strengths Weaknesses Product created Integration Switzerland Drone photogrammetry, cloud- Cloud + Desktop + Complete drone-to-cloud workflow, Segmented licenses, costly if multiple
Slide 17: Strong Supply Chain & Global Distribution Network
STRONG SUPPLY CHAIN & GLOBAL DISTRIBUTION NETWORK Fabless model with established EMS partners Multi-channel go-to-market: direct sales, integrators, in the U.S. & South Korea certified distributors ✓ Built on non-Chinese, NDAA-compliant components ✓ Established presence in North America, Europe and
Slide 18: Customers & Pipeline 2025-26
2025-26 CUSTOMERS & PIPELINE
Slide 19: Broad, Diverse & International Micro-UAV Customer Base
BROAD, DIVERSE & INTERNATIONAL MICRO-UAV CUSTOMER BASE SPECIAL NATIONAL ADF FORCES DEFENCE DGA DMAE JGSDF Australian Defense Forces NATO Support and Procurement Agency US ARMY FBI CBP Lithuanian MOD FMV Defense Resources Agency (GRA) Swedish Defence Materiel Administration TEXAS Dept of STATES & Ten
Slide 20: Current Trends in Tenders: More Countries, Larger Volumes
CURRENT TRENDS IN TENDERS: MORE COUNTRIES, LARGER VOLUMES, LONGER LEAD TIME Example of selected ongoing tenders Known major tenders for ANAFI UKR range: a potential for >15,000 units Investors Presentation – November 2025 Example of recent trade shows attended 20
Slide 21: Financial Highlights H1 2025 & Prior & Outlook
FINANCIAL HIGHLIGHTS H1 2025 & PRIOR & OUTLOOK
Slide 22: Historical Revenue & Gross Margin
HISTORICAL REVENUE & GROSS MARGIN GROUP REVENUE & GROSS MARGIN – 2018 TO 2024 Consolidated, IFRS, audited 120.0 109.2 Revenues (€m) Gross margin (%) 200% 180% 100.0 160% 76.1 71.9 78.1 140% 80.0 65.0 57.3 54.3 120% 60.0 78% 72% 74% 100% 64% 80% 40.0 72% 60% 31% 70% 40% 20.0 20% 0.0 0% 2018 2019 2020
Slide 23: Maintaining Innovation Capacity & Strict Cost Control
MAINTAINING INNOVATION CAPACITY & STRICT COST CONTROL OPEX PER FUNCTION - 2018 TO 2024 €99,7m Consolidated, IFRS, audited, €m R&D S&M G&A P&I 9.1 17.0 €76,9m €76,7m €73,3m €75,0m €74,3m 6.6 6.1 5.4 5.5 4.7 €65,9m 13.4 13.7 14.8 11.8 5.0 13.7 36.5 10.8 12.3 16.7 14.0 11.1 21.7 10.4 43.6 45.5 37.1 40.
Slide 24: 2024-2025 Evolution
2024-2025 EVOLUTION H1 2024 H2 2024 H1 2025 YoY change FY 2024 High comparison basis in H2 Micro-UAV revenues 1 15,1 33,0 18,0 +19% 48,1 1 due to launch of ANAFI UKR Photogrammetry revenues 15,5 14,4 15,5 +0% 30 Product mix where product at Group Revenues* 30,6 47,5 33,5 +9% 78,1 2 launch generate l
Slide 25: Parrot Group Ownership & Legal Structure
PARROT GROUP OWNERSHIP & LEGAL STRUCTURE Ownership Simplified legal structure Public PARROT SA (holding) 22.6% 100% Parrot Drones S.A.S (France) BPIfrance Horizon 100% (french IB) (1) (Henri Seydoux) Parrot Korea (South Korea) 5.1% 62.4% 100% Parrot Inc. (USA) 95% Pix4D (Switzerland+USA+ESpain+Germa
Slide 26: Parrot's Strategic Edge in the Evolving Defense Ecosystem
PARROT’S STRATEGIC EDGE IN THE EVOLVING DEFENSE ECOSYSTEM Best in class Sovereign-by- Strong supply Trusted Clear strategic technologies in design chain expertise software & execution micro-UAV architecture ecosystem path Advanced onboard NDAA-compliant, Proven design, Open-source DNA A defense AI,
Slide 27: 2025-2026 Outlook
2025-2026 OUTLOOK Considering longer lead times on larger tenders and various political slow downs, H2-2025 will most likely not beat H2-2024. Strong tender pipeline: Parrot is well positioned to benefit from the relaunch of global defense programs and move into a new phase of growth in 2026. The Gr
Slide 28: Investors & Analysts contact
Additional financial data next slide 174 quai Jemmapes 75010 Paris INVESTORS & ANALYSTS contact: marie.calleux@parrot.com www.parrot.com www.pix4d.com
Slide 29: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET SHAREHOLDERS EQUITY & LIABILITIES – ASSETS – IFRS, in €m Dec 31, 2023 Dec. 31, 2024 June 30, 2025 Dec 31, 2023 Dec. 31, 2024 June 30, 2025 IFRS, in €m Non current assets 20.6 22.2 16.7 Shareholders’ equity 55.2 49.7 29.4 Goodwill 0.0 4.6 4.6 Share capital 4.7 4.7 4.7 Other
Slide 30: Consolidated Cash Flow Statement
CONSOLIDATED IFRS, in €m Dec. 31, 2023 Dec. 31, 2024 June 30, 2025 CASH FLOW OPERATING CASH FLOW Earnings for the period -33.0 -9.4 -14.4 STATEMENT Share in income from associates 0.5 -0.7 0.2 Depreciation and amortization 4.4 1.9 2.0 Capital gains and losses on disposals -3.3 0,9 0.1 Capital gain r