Red Cat Holdings, Inc. · NASDAQ:RCAT
Red Cat — Investor Presentation (December 2023)
23 slides from Red Cat's investor presentation, Dec 7, 2023
Slide 1: Defining the Future of Aerial Intelligence
Free Writing Prospectus Filed Pursuant to Rule 433 Registration No. 333-256216 December 7, 2023 Defining the Future of Aerial Intelligence Investor Presentation - December 2023 © 2023 Red Cat | All Rights Reserved | Nasdaq: RCAT
Slide 2: Disclosure
Disclosure During the course of this presentation, we may make statements which are considered ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation. Reform Act of 1995, including statements regarding our future performance, goals and growth. Forward-looking statemen
Slide 3: Free Writing Prospectus
Free Writing Prospectus This presentation highlights basic information about us and the proposed offering. Because it is a summary, it does not contain all of the information that you should consider before investing. We have filed a registration statement (including a prospectus supplement and the
Slide 4: Company Overview
Company Overview Defining the Future of Aerial Intelligence Red Cat is a drone technology company integrating robotic hardware and software for military, government and commercial operations. Red Cat’s solutions are designed to “Dominate the Night™” and include the Teal 2, a small unmanned system of
Slide 5: Leadership Team
Leadership Team JEFFREY THOMPSON GEORGE MATUS JOSEPH HERNON Chief Executive Officer & Chairman of the Board Chief Technology Officer Chief Financial Officer Jeffrey is a serial tech entrepreneur with a long track George Matus is a technologist and entrepreneur who Joseph is a Certified Public Accoun
Slide 6: Regulatory Tailwinds
Regulatory Tailwinds • 2018 Army bans DJI • 2020 DJI banned across Department of Defense • 2021 DJI put on Entity List and Economic Blacklist • 2023 Teal 2 becomes Blue UAS and receives Remote ID certification from FAA • 2023 ASDA (American Security Drone Act) to pass 5
Slide 7: Made in the USA
Made in the USA • State-of-the-art 25,000 square-foot manufacturing facility completed in summer of 2023 • 100% of value-added production is completed at the factory in Salt Lake City, Utah • 100% of NDAA required drone components are sourced in the United States or allied countries • Manufacturing
Slide 8: Revenue Opportunities
Revenue Opportunities • Current Organic Revenue Growth • DOD Newly Announced and Funded Replicator Project • Short Range Reconnaissance (SRR) Program of Record 7
Slide 9: Teal 2 Sales and Shipments
Teal 2 Sales and Shipments 1Q24 sequential revenue growth 75% 4m 2Q24 sequential revenue growth 123% $3.9m 2m Total Booked Sales FY24 13.04m $1.75m Shipped Through 2Q24 5.6m $1.0m Current Backlog 7.4m 4Q23A 1Q24A 2Q24A 8
Slide 10: Department of Defense Replicator Initiative
Department of Defense Replicator Initiative The Pentagon has unveiled a radical new strategy focused on fielding thousands of cheap, smart and autonomous war drones across multiple domains within 18 to 24 months to counter China’s military. According to The Wall Street Journal, Deputy Secretary of D
Slide 11: Short Range Reconnaissance (SRR)
Short Range Reconnaissance (SRR) Program of Record Short Range Reconnaissance (SRR) SRR Tranche 1 SRR is intended to be an inexpensive, rucksack portable, PRODUCTION CONTRACT: vertical take-off and landing (VTOL) small unmanned aircraft $100 Million, 1,083 Drones that provides the platoon with a rap
Slide 12: Teal – Government Approved
Teal – Government Approved Completed rigorous application and review process to secure Key Government Approvals: Blue sUAS • The Defense Innovation Unit (DIU), a Department of Defense (DoD) subsidiary, designated the Teal 2 as Blue UAS - part of its holistic and continuous approach to rapidly protot
Slide 13: Teal 2
Teal 2 Dominate the NightTM Teal 2 is a superior American-made sUAS platform focusing on effortless use, reliability, and extreme effectiveness. The modular construction allows effortless propulsion and payload replacement, and its plug & play design broadens mission capabilities with expansion pack
Slide 14: Teal 2 Mission Applications
Teal 2 Mission Applications Designed for the Warfighter INTELLIGENCE Whether it’s gathering real-time intelligence on The Teal 2 system is designed enemy movements or detecting potential threats to military personnel, the Teal 2 system to support United States is a powerful and effective solution fo
Slide 15: Opportunities
Opportunities Teal Drones U.S. ARMY SHORT RANGE CUSTOMS AND BORDER RECONNAISSANCE TRANCHE 2 PROTECTION INTERNATIONAL (SRR T2) DRONE PROGRAM DEPT. OF HOMELAND SECURITY ACTIVITY $2,700,000 contract $2,000,000 contract Teal is one of just two drone Teal is one of 5 drone manufacturers Shipped 15 Teal d
Slide 16: Skypersonic
Skypersonic Safely Inspect Dangerous Places • Patented software and hardware allow for flight services in restricted spaces where GPS is not allowed or available • GPS-denied, indoor/tight space telemetry capabilities were transitioned from military and satellite technology for commercial use - 8 U.
Slide 17: Skycopter Overview
Skycopter Overview Inspect Anything. Fly Anywhere. Skypersonic’s Skycopter offers an innovative approach to defense, industrial inspections and first response emergency situations. Skycopter is a safe, ready-to-fly product suitable for several applications. The drone is enclosed and protected by an
Slide 18: Partnerships
Partnerships Unmatched technology. Increased capability. Tomahawk Robotics is the leading Reveal Technology delivers intuitive, Athena AI is one of the only vision- innovator of multi-domain command rapid intelligence at the tactical edge, based AI systems on the market that and control solutions fo
Slide 19: Income Statement Summary
Income Statement Summary Quarterly Results – Enterprise Segment1 Three Months Ended (unaudited) October 31 July 31 April 30 (approximate) Revenues $ 3,900,000 $ 1,748,129 $ 1,078,988 Cost of goods sold 1,573,464 2,022,341 Gross margin 174,665 (943,353) Total operating expenses2 5,187,700 9,414,534 O
Slide 20: Balance Sheet
Balance Sheet As of July 31, 2023 (unaudited) ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Cash and marketable securities $ 8,875,169 Accounts payable and accrued expenses $ 1,316,026 Debt obligations 1,185,718 Intangible assets including goodwill, net 24,118,468 Warrant derivative liability 561,685
Slide 21: Capitalization Table
Capitalization Table As of October 31, 2023 Common Stock 55,653,793 Series B Preferred as converted to Common Stock 3,897 Options (WAEP $1.54) 6,906,764 Warrants 1,539,999 (WAEP $3.38) 20
Slide 22: Investment Highlights
Investment Highlights Red Cat at Ukraine Drone industry is growing rapidly across military and commercial Training Facility Nov 2023 sectors Red Cat has obtained required government certifications to serve Insert image here military and other government agencies Multiple military contracts secured a
Slide 23: NASDAQ: RCAT
CONTACT: Core IR (516) 222-2560 NASDAQ: RCAT
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