Kraken Robotics Inc · TSXV:PNG
Kraken Robotics — Shareholder Meeting (June 2026)
27 slides from Kraken Robotics's shareholder meeting presentation, June 2026
Slide 1: Mission-Critical Subsea Intelligence Solutions for Maritime Security and Offshore Energy
Mission-Critical Subsea Intelligence Solutions for Maritime Security and Offshore Energy June 2026
Slide 2: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes Forward-Looking Statements Company on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Certain statements contained in this presentation constitute "forward-looking information"
Slide 3: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes External Sources Where this document quotes any information or statistics from any external source (including Covelya), it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate. The descri
Slide 4: Corporate Overview
Corporate Overview Transforming Subsea Intelligence Strategy ▪ To deliver market-leading value to customers through a portfolio of leading-edge technologies and a culture centered around innovation Business Overview ▪ Kraken, following the acquisition of Covelya, will offer a portfolio of mission-cr
Slide 5: Kraken 2025 and YTD 2026 Key Highlights
Kraken 2025 and YTD 2026 Key Highlights Transforming Subsea Intelligence Record 2025 Annual Results Strong 2026 Outlook $102MM Revenue and $25MM Adj. EBITDA $165MM-$175MM Revenue for Kraken Stand-Alone New Product Development ~$97MM of Orders Announced YTD 2026 Higher Energy Density Battery, USV-LAR
Slide 6: Kraken Historical Results and 2026 Guidance
Kraken Historical Results and 2026 Guidance Transforming Subsea Intelligence Revenue & Gross Profit Margins (Kraken Only) Adjusted EBITDA (Kraken Only) $110 40% $250 70% Adjusted EBITDA Margin (%) 60% Gross Profit Margin (%) $200 $80 30% 26% $170 50% In Millions ($) In Millions ($) 24% 23% $150 20%
Slide 7: Strategic Acquisition of Covelya
Strategic Acquisition of Covelya Transforming Subsea Intelligence Covelya Acquisition - Announced March 3, 2026 ▪ International provider of underwater technology including sensing, navigation, communications, and positioning ▪ Total consideration of $615 million ($480 million cash and $135 of Kraken
Slide 8: Broad Set of Capabilities for Growth
Broad Set of Capabilities for Growth Transforming Subsea Intelligence ROV / Stationary Crewed AUV USV Diver ROTV Sensors Vessel Underwater Comms Navigation - - Positioning Imaging - Sensors Launch & - - - - - Recovery Power - - - Platforms - - - - - Kraken Strength: Covelya Strength: Covelya Capabil
Slide 9: Significant Content Per System
Significant Content Per System Transforming Subsea Intelligence Kraken SeaPower Batteries Sonardyne Avtrak Acoustic Communications Kraken Synthetic Aperture Sonar Sonardyne SprintNav Navigation & Positioning System Voyis Insight Pro Laser Scanner Sonardyne BlueComm Optical Communications Voyis Insig
Slide 10: Integrated Across Major UUV OEMs
Integrated Across Major UUV OEMs Transforming Subsea Intelligence 10
Slide 11: Next Gen XLUUVs Require More Power
Next Gen XLUUVs Require More Power Transforming Subsea Intelligence 11
Slide 12: 700+ Customers
700+ Customers Transforming Subsea Intelligence + Defence Commercial Larger set of capabilities combined with a diversified customer base positions Kraken for future growth via multiple channels 12
Slide 13: Navies Upgrading Fleets for MCM & CUI
Navies Upgrading Fleets for MCM & CUI Transforming Subsea Intelligence ▪ Underwater mines have long been considered an effective way to immobilize enemy ships, block sea lanes, threaten assets, disrupt commerce ▪ The use of sea mines adjacent to maritime choke points presents a ubiquitous / deadly t
Slide 14: Global Footprint
Global Footprint Transforming Subsea Intelligence Manufacturing and/or Testing & Calibration Facility (13) Diversified client base Product Development or Sales & Support Facility (12) with Top 10 customers representing ~50% of combined revenue in 2025E(1) Well positioned to benefit from the strong g
Slide 15: Summary
Summary Transforming Subsea Intelligence • Experienced management team and Board of Directors Strong Track Record • Results driven organization centered on creating long-term value • Highly skilled workforce with a deep technical expertise Key Mission-Critical Solutions • Integrated offering of dual
Slide 16: Appendix
Appendix
Slide 17: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Intruder Detection Anti-Submarine Warfare Offshore Oil & Gas Seismic Data (4D)
Slide 18: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Mine Counter Measures (MCM) Intelligence, Surveillance and Reconnaissance Sub-S
Slide 19: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Subsea Communication Strategies Subsea Cable Installation Enhanced ROV Control
Slide 20: Customer Snapshot: Anduril Industries
Customer Snapshot: Anduril Industries Transforming Subsea Intelligence ▪ 2022: ▪ Entered underwater domain via acquisition of Dive Technologies; won US$90 million Royal Australian Navy (RAN) contract for 3 XL-UUVs prototypes ▪ 2024: ▪ US Navy and Defense Innovation Unit awards Anduril, and its Dive
Slide 21: Customer Snapshot: HII
Customer Snapshot: HII Transforming Subsea Intelligence ▪ Huntington Ingalls Industries (HII) is America’s largest shipbuilder. They are a large defense contractor prime with over 44,000 employees building aircraft carriers, submarines, and surface combatant ships for the US Navy ▪ Acquired Hydroid
Slide 22: Customer Snapshot: Teledyne Marine
Customer Snapshot: Teledyne Marine Transforming Subsea Intelligence ▪ Teledyne Marine's suite of AUV products (Gavia, Osprey, and SeaRaptor) provide standard solutions for military, commercial, and scientific applications worldwide, with depth ratings up to 6,000-meters ▪ Such marine projects includ
Slide 23: Customer Snapshot: Navies
Customer Snapshot: Navies Transforming Subsea Intelligence ▪ Denmark: Sept 2020, $30-$35 million. Four systems plus reference system over 2-yr acquisition program followed by 7-yr service & support + options. Competitors were Northrop Grumman and Thales ▪ Poland: $15-$20 million from initial order i
Slide 24: Customer Snapshot: Navies
Customer Snapshot: Navies Transforming Subsea Intelligence ▪ Baltic: $20 million provision of expeditionary Sentinel Sonar Systems and deployment solutions to provide flexible coastal, harbour and river protection from underwater intruders. Provided through U.S. FMS contracts ▪ Indian Navy: $11 mill
Slide 25: Non-IFRS Measures
Non-IFRS Measures Transforming Subsea Intelligence Reconciliation of Adjusted Gross Profit and Gross Profit Margin Gross Profit and Gross Profit Margin Gross profit is defined as revenue less cost of total sales. Gross profit margin is defined as gross profit divided by total sales. The following ta
Slide 26: Corporate Information
Corporate Information Transforming Subsea Intelligence Management and Board of Directors Corporate Partnerships Management Position Auditors Ernst & Young, LLP Greg Reid, CPA, CA, CFA President & CEO Counsel Gowling WLG Joe Mackay, CPA, CA, CFA CFO Nat Spencer EVP & COO David Shea EVP & CTO Bernard
Slide 27: Kraken Robotics | Transforming Subsea Intelligence
Transforming Subsea Intelligence Kraken Robotics | Transforming Subsea Intelligence