Kraken Robotics Inc · TSXV:PNG
Kraken Robotics — Q2 2026 Earnings Presentation
18 slides from Kraken Robotics's earnings presentation, Aug 27, 2026
Slide 1: Q2 2026 Conference Call
Q2 2026 Conference Call August 27, 2026
Slide 2: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes Forward-Looking Statements operations; the inaccuracy of information provided by Covelya and the seller in respect of the Acquisition; the inaccuracy of financial and operational projections; the Company’s expectations regarding Kraken's business, fi
Slide 3: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes External Sources Where this document quotes any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate. The description of and informa
Slide 4: Today's Speakers
Today’s Speakers Transforming Subsea Intelligence Greg Reid Joe Mackay Chief Executive Officer Chief Financial Officer 4
Slide 5: Addressing a Large TAM
Addressing a Large TAM Transforming Subsea Intelligence Defence Commercial ▪ Anti-Submarine Warfare (ASW) ▪ Asset Integrity for Key Infrastructure ▪ Critical Underwater Infrastructure (CUI) ▪ Carbon Capture and Storage (CCS) ▪ Intelligence, Surveillance and ▪ Cable Installation Reconnaissance (ISR)
Slide 6: Recent 2026 Highlights
Recent 2026 Highlights Transforming Subsea Intelligence Strengthened Leadership and Enhanced Organizational Structure Announced $355MM of Product in 2026 on a Combined Basis for Kraken and Covelya Continued Customer Expansion, Including an MSA with a New Manufacturer of XL-UUVs Expanded Manufacturin
Slide 7: New Organizational Structure: Corporate Group
New Organizational Structure Transforming Subsea Intelligence Corporate Group Chief Executive Officer Greg Reid Chief Financial Officer Chief Legal Officer Chief People Officer Chief Information Officer President Joe Mackay Andrew Griffin Terra Penrose John Salama Bernard Mills 7
Slide 8: New Organizational Structure: Operating Business
New Organizational Structure Transforming Subsea Intelligence Operating Business President Bernard Mills EVP, Systems & Service EVP, Enterprise EVP, Products EVP, Strategy & Growth EVP, Technology Joanne Roberts Performance Graham Brown Dave Shea Simon Partridge (Effective Oct 2026) Gary Moynehan Pr
Slide 9: Q2 and First Half 2026 Financial Highlights
Q2 and First Half 2026 Financial Highlights Transforming Subsea Intelligence Adjusted Adjusted In Canadian ($ million) Q2 2025 Q2 2026 YoY % H1 2025 H2 2026 YoY %2 YoY %1 YoY %1,2 Product Revenue $16.5 $16.9 +2% +11% $25.7 $30.6 +19% +25% Service Revenue $9.8 $10.5 +6% +6% $16.8 $18.4 +9% +9% Total
Slide 10: Kraken Historical Results and 2026 Guidance
Kraken Historical Results and 2026 Guidance Transforming Subsea Intelligence Revenue & Gross Profit Margins Adjusted EBITDA $350 70% $110 40% $305 $300 $90 Adjusted EBITDA Margin (%) Gross Profit Margin (%) 60% 30% $250 $70 In Millions ($) In Millions ($) $70 24% 23% 23% $200 20% 50% $50 20% $150 13
Slide 11: Combined Global Footprint and Key Stats
Combined Global Footprint and Key Stats Transforming Subsea Intelligence Manufacturing and/or Testing & Calibration Facility (13) Combined Geographic Revenue Product Development or Sales & Support Facility (12) (2025) 7% Americas 18% 37% EMEA Asia Pacific Rest of World 38% ~1,200 25 Employees Facili
Slide 12: Integrated in AUV, USV & ROV OEMs
Integrated in AUV, USV & ROV OEMs Transforming Subsea Intelligence 12
Slide 13: Broad Set of Capabilities for Growth
Broad Set of Capabilities for Growth Transforming Subsea Intelligence ROV / Stationary Crewed AUV USV Diver ROTV Sensors Vessel NATO Defence Spending Underwater Comms Navigation - - Positioning Imaging - Sensors Launch & - - - - - Sources: NATO and Company Research and Westwood Global Energy Group (
Slide 14: Stationary Sensors "Satellites of the Sea"
Stationary Sensors “Satellites of the Sea” Transforming Subsea Intelligence Kraken’s technology offering provides monitoring and communication solutions that play a crucial role in defence, commercial and ocean sciences Intruder Detection Anti-Submarine Warfare Offshore Oil & Gas Seismic Data (4D) C
Slide 15: 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 16: Investment Attributes
Investment Attributes Transforming Subsea Intelligence Experienced management Strategically positioned in Attractive financial profile Significant production team and Board of Directors a fast-growing market, within a high margin product capacity with highly with deep expertise and driven by the def
Slide 17: 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 18: Kraken Robotics | Transforming Subsea Intelligence
Transforming Subsea Intelligence Kraken Robotics | Transforming Subsea Intelligence