Slide 1: Redwire 101
Redwire 101 August 2024 1. Insert Footnote
Slide 2: Disclaimers
Disclaimers Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Redwire has not independently verified the data obtained from these sources and cannot assure you of the
Slide 3: Non-GAAP Financial Information
Non-GAAP Financial Information This Presentation contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include Adjusted EBITDA, Pro Forma Adjusted EBITDA, and Free Cash Flow. Non-GAAP
Slide 4: Redwire 101: Investment Highlights
Redwire 101: Investment Highlights: Proven Pure-Play Space Innovator With Growth and Profitability Decades-long heritage, reliability, and deep relationships with dependable space customers Revenue driven by lower launch costs and our critical missions for government and marquee customers Space is a
Slide 5: Redwire 101: The Redwire Mission
Redwire 101: The Redwire Mission is accelerating humanity’s expansion into space by delivering reliable, economical and sustainable infrastructure for future generations (Credit: NASA) 1. Insert Footnote Redwire provides the fundamental building blocks of space infrastructure 5
Slide 6: Redwire 101: Massive Expansion in Infrastructure
Redwire 101: Massive Expansion in Infrastructure . . . • Expected strong demand driven by: ◦ Space as a warfighting domain ◦ Growth in lunar infrastructure ◦ Proliferation of satellites 1. Insert Footnote 6
Slide 7: ... with Marquee Customer Demand
. . . with Marquee Customer Demand National Security Commercial Civil Defense and Intelligence agencies Space primes & solution providers Civilian space agencies • Space is a warfighting domain • Large, well funded commercial and this is the fastest growing • Growth in demand for lunar entities stil
Slide 8: Redwire 101: What Does Redwire Do?
. Redwire 101: What Does Redwire Do? 1. Integrated Mission 2. Explore, Live and Work in Space 3. Supporting Ambitious, Enabler for the Benefit of Humanity Multinational Missions Power generation, antennas, deployable Microgravity payloads, platforms, and in- International operations and products tha
Slide 9: 2024 Growth Strategy
2024 Growth Strategy • Protecting the core • Scaling production • Moving up the value chain • Venture optionality Credit: Redwire 1. Insert Footnote 9
Slide 10: Redwire 101: Focus on Core Offerings
Redwire 101: Focus on 6 Core Offerings Credit: Space Inspire © Credit: SpaceX via X account Thales Alenia Space/E.Briot Credit: Redwire Avionics Power Structures & & Sensors Generation Mechanisms SabreSat rendering Credit: Redwire Credit: Redwire Credit: Redwire Radio Frequency Platforms, Payloads &
Slide 11: Moving Up the Value Chain
Moving Up the Value Chain Signed a Definitive Agreement to Acquire Hera Systems, Inc. • Hera Systems is a spacecraft developer focused on national security space customers; offers a cutting-edge platform to support specialized missions in GEO • Complements Redwire's existing suite of national securi
Slide 12: Redwire 101: How Do We Make Money?
Redwire 101: How Do We Make Money? Representative Profile of our Fixed Price Revenue Streams • Redwire revenue is generated through program contracts – with ~80% being fixed price and generally ~2 years in length over the long-term Launch • Revenue is based on contract program progress with revenue
Slide 13: Continued Pipeline and Backlog Growth
Continued Pipeline and Backlog Growth Demonstrating the Heritage + Innovation Differentiation YTD Submitted Bids ($B) ~$5.7B ~$1.9B $1.9 % 8 8.5 +2 Pipeline as of 2024 Year-to-Date June 30, 2024 submitted bids as of $0.5 June 30, 2024 6/30/2023 6/30/2024 1 Contracted Backlog Detail ($M) $114.4M 1.28
Slide 14: Appendix: Recent Financial Information
Appendix: Recent Financial Information 14
Slide 15: Quarterly Revenues
Quarterly Revenues Increase in revenues to 30.0% $78.1 for Q2 2024 vs. $60.1 for Q2 2023 • Record second quarter revenue; second highest revenue quarter Sequential Quarterly Revenues in company history $100.0 Quarter-to-Date Revenues (in millions) $87.8 • 41.0% increase in revenues $80.0 $78.1 from
Slide 16: Quarterly Adjusted EBITDA
Quarterly Adjusted EBITDA • 94.6% increase in LTM Adjusted $12.6M LTM Adjusted EBITDA in Q2 2024 EBITDA from $6.5 million in Q2 2023 to $12.6 million in Q2 2024 Quarterly Adjusted EBITDA $6.0 • Positive Adjusted EBITDA Quarter-to-Date Adjusted EBITDA (in $4.9 $5.0 supported by a decrease in $4.4 $4.
Slide 17: Quarterly Free Cash Flow and Liquidity
Quarterly Free Cash Flow and Liquidity LTM Q2 2024 Net cash $5.7M provided by (used in) operating activities $55.8M Ending liquidity as of June 30, 2024 1 Quarterly Free Cash Flow Quarterly Total Available Liquidity $20.0 $60.0 $55.8 $12.6 Quarter-to-Date Total Liquidity (in Quarter-to-Date Free Cas
Slide 18: 2024 Year-to-Date Performance
2024 Year-to-Date Performance Six Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) June 30, 2024 June 30, 2023 year period year period Revenues $ 165,903 $ 117,703 $ 48,200 41 % Cost of sales 138,094 87,582 50,512 58 Gross margin 27,809 30,121 (2,312) (8) Ope
Slide 19: Q2 2024 Quarter-to-Date Performance
Q2 2024 Quarter-to-Date Performance Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) June 30, 2024 June 30, 2023 year period year period Revenues $ 78,111 $ 60,098 $ 18,013 30 % Cost of sales 65,127 44,194 20,933 47 Gross margin 12,984 15,904 (2,920) (1
Slide 20: Supplemental Non-GAAP Information
Supplemental Non-GAAP Information Adjusted EBITDA and Pro Forma Adjusted EBITDA Adjusted EBITDA and Pro Forma Adjusted EBITDA are not measures of results under Three Months Ended Six Months Ended Last Twelve Months1 generally accepted accounting principles in the United States. June 30, June 30, Jun
Slide 21: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued 1. Redwire incurred acquisition costs including due diligence, integration costs and Three Months Ended additional expenses related to pre-acquisition activity. (in thousands) Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 2. Redwire recorded adjustments related
Slide 22: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued Three Months Ended Six Months Ended Last Twelve Months Free Cash Flow June 30, June 30, June 30, June 30, June 30, June 30, Free Cash Flow is computed as net cash provided by (in thousands) 2024 2023 2024 2023 2024 2023 (used in) operating activities less
Slide 23: Key Performance Indicators
Key Performance Indicators Contracted Backlog We view growth in backlog as a key measure of our business growth. Contracted backlog represents the estimated dollar value of firm funded executed contracts for which work June 30, December 31, (in thousands) 2024 2023 has not been performed (also known