Slide 1: Q2 2025 Investor Update
Q2 2025 INVESTOR UPDATE ROCKETLAB
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 2IE of the Securities Exchange Act o
Slide 3: Overview: Business Highlights
B® OVERVIEW BUSINESS HIGHLIGHTS FINANCIAL, ELECTRON SPACE SYSTEMS caae~=C PROVEN an expansion of Y Ce WEEKLY =. pro LAUNCH NATIONAL reflecting an expansion of 25% YoY. CAD EN C E S EC U RITY 36.9% GM Five launches in Q2 and a new First flight hardware on its Imminent acquisition of 22005 Non-GAAP Ma
Slide 4: Space Systems: Geost Acquisition Clears Antitrust Review
® SPACE SYSTEMS LAUNCH. SPACECRAFT. NOW PAYLOADS. GEOST ACQUISITION CLEARS ANTITRUST REVIEW, EXPECTED TO C! Acquiring Geost for a total of $275m in a cash-plus-equity transaction, with an additional potential earnout of up to $50 million. New business unit - Optical Systems — established to quickly
Slide 5: End-to-End Space: A Golden Opportunity
Prime contractor RPO and space-based 4% ® END-TO-END SPACE for SDA constellation sensor capabilities AGOLDEN - OPPORTUNIT Y_ Space-based sensors for missile defense with Geost Multiple Spacecraft ~~ Platforms Advanced spacecraft, __ constellation-scale production, =< vertically-integrated US. : * ‘s
Slide 6: Launch + Spacecraft for US Space Force: Victus Haze
SPACE SYSTEMS LAUNCH + SPACECRAFT FOR US SPACE FORCE: VICTUS HAZE Only provider delivering a Rocket Lab’s spacecraft now launch + spacecraft end-to-end moving into environmental mission for the USSF's Tactically testing ahead of launch. Responsive Space Program Mission to launch with only 24 hours’
Slide 7: Production to Start for SDA Constellation
® SPACE SYSTEMS PRODUCTION TO START FOR SDA CONSTELLATION CDR program milestone Active bid underway for SDA confirms our design & Tranche 3 constellation. manufacturing approach of 18 spacecraft for the SDA’s Tranche 2 Transport Layer meets all mission requirements. Full scale production can now beg
Slide 8: Supporting Humans to Mars
SPACE SYSTEMS SUPPORTING HUMANS TO MARS MARS TELECOMMUNICATIONS ORBITER $700m provided for a Mars We've got a fast, reliable, and Telecommunications Orbiter in affordable solution. C8 recent U.S. Senate budget Y firm fixed pricing 3) reconciliation. flight proven tech Built with Vertically © Rocket
Slide 9: Electron
i OR ELECTRON
Slide 10: Electron: Weekly Launches Proven
ELECTRON WEEKLY LAUNCHES PROVEN Four of the quarter's five With our 69" Electron launch missions took place within four just two days ago, we're on track weeks ~ proving our capability for 20+ launches this year. to conduct weekly launches. New launch record: two missions two days apart from Launch
Slide 11: International Space Agency Contracts
® ELECTRON INTERNATIONAL SPACE AGENCY CONTRACTS Electron selected to launch With global sovereign launch dedicated mission for the capabilities slow to scale, European Space Agency for the Electron is in high demand first time. internationally to plug the gap. Launch scheduled from Launch Complex 1
Slide 12: New NASA Launch Contract
® ELECTRON NEW NASA LAUNCH CONTRACT Electron selected for NASA's Scheduled for launch from Aspera astrophysics science Launch Complex 1 in QI 2026. mission to study the formation and evolution of galaxies.
Slide 13: Neutron
SECTION NEUTRON
Slide 14: Neutron Infrastructure Progress
NEUTRON INFRASTRUCTURE PROGRESS Engine Development Center + Long Beach, CA Space Structures Complex - Middle River, MD Structures Production & Test Sites + Various Archimedes Engine Production and Assembly Carbon Composite Barrels & Panels, Large Structures Stage 1 + Stage 2+ Hungry Hippo and fixed
Slide 15: Latest Progress: Milestones to Monitor
LATEST PROGRESS MILESTONES TO MONITOR Hi Underway concurrently. I Pending. [Oo == Stage 1 Stage 2 Hungry Stage 2 Stage 1 Flight Engine Flight Flight Hippo Fairing Structures Sthictires Mechanisms Qualification 0 Hardware Hardware Qualification Qualification Test Program e © e@ e e e e Ps oe q - i KA
Slide 16: Neutron Stage 2 On Its Way to Launch Complex
NEUTRON STAGE 2 ON ITS WAY TO LAUNCH COMPLEX 3 Neutron’s Stage 2 has been cryogenically proofed — the last milestone before stage testing at Launch Complex 3 ahead of Neutron’s debut launch.
Slide 17: Neutron: Next on the Test Stands
NEUTRON NEXT ON THE TEST STANDS
Slide 18: Ramping Up: From R&D into Production
NEUTRON RAMPING UP: FROM R&D INTO PRODUCTION Alongside our first Neutron, we've laid the foundation for scalable, high-volume manufacturing as we build the next rockets in the fleet. V Supply chain v Manufacturing equipment v Test & launch infrastructure V Experienced team
Slide 19: Archimedes Engine Qualification Accelerates
B® NEUTRON ARCHIMEDES ENGINE UALIFICATION CCELERATES 182s 90+ 3-4 Stage 1 full Engine tests in Engine tests mission duration. the past four per day. weeks alone.
Slide 20: Launch Complex Opening This Month
NEUTRON LAUNCH OMPLEX 3 OPENING THIS MONTH Launch pad activation Official ribbon cutting underway as final construction scheduled for August 28. activities are closed out. Retail shareholders offered a All focus now on preparing for chance to attend the launch Stage 1 stack test operations site open
Slide 21: Path to First Launch
B® NEUTRON PATHTO. FIRST LAUNCH > All-out effort to get Neutron to the launch pad before the end of 2025, which assumes a greenlight schedule while some risks are yet to be retired.
Slide 22: Financial Highlights and Outlook
SECTION FINANCIAL HIGHLIGHTS AND OUTLOOK
Slide 23: Review of Revenue and Gross Margins
®@ FINANCIAL HIGHLIGHTS REVIEW OF REVENUE AND GROSS MARGINS Revenue increased 36% or $38.2M year-on-year, driven by an increase in launches from 4 to 5 as well as growth in both our satellite manufacturing and satellite component businesses. $144.5M ReWenus aiid GAAP, [Non-GAAP Gross Margin Sequenti
Slide 24: Review of Backlog
®@ FINANCIAL HIGHLIGHTS REVIEW OF BACKLOG $1 BILLION =: 01’25 ENDING BACKLOG: BACKLOG BY SEGMENT Space Systems ($M) mM Launch ($M) BACKLOG BY CUSTOMER Commercial ($M) ml Government ($M) 02’25 ENDING BACKLOG: BACKLOG BY SEGMENT 41% 59% (SM) MLaunch ($M) Space Sy: BACKLOG BY CUSTOMER 47% 53% Commercia
Slide 25: Review of Operating Expenses
®@ FINANCIAL HIGHLIGHTS REVIEW OF OPERATING EXPENSES QUARTER-ON-QUARTER GAAP & Non-GAAP Operating Expenses $120 $106.0 GAAP SG&A increased slightly due to an increase in non- : recurring transaction costs, partially offset by decreased $100 $94.4 $20.9 stock based compensation within the quarter. $5
Slide 26: Non-GAAP Free Cash Flow and Adj EBITDA
®@ FINANCIAL HIGHLIGHTS NON-GAAP FREE CASH FLOW AND ADJ EBITDA QUARTER-ON-QUARTER $754M in cash and cash equivalents, marketable securities and restricted cash, enables continued investment in strategic growth opportunities. Non-GAAP Free Cash Flow Adj EBITDA QI 2025 Q2 2025 Ql 2025 Q2 2025 $0 e -$3
Slide 27: Q3 2025 Outlook
®@ FINANCIAL HIGHLIGHTS Q3 2025 OUTLOOK 03 2025 REVENUE OUTLOOK 03 2025 GAAP AND NON-GAAP GROSS MARGINS 03 2025 GAAP AND NON-GAAP OPERATING EXPENSE 03 2025 ADJUSTED EBITDA + Expect revenue to range between $145 million to $155 million. + Expect year-on-year increases in both Space Systems and Launch
Slide 28: @EQSA
@EQSA
Slide 29: Upcoming Investor Events
®@ FINANCIAL HIGHLIGHTS UPCOMING INVESTOR EVENTS NEUTRON Morgan Stanley WORLD SATELLITE BUSINESS WEEK Launch Complex 3 Official Site Opening Event August 28, 2025 Attending: CEO Sir Peter Beck CFO Adam Spice 13** Annual Laguna Conference September 13, 2025 Attending: CFO Adam Spice World Satellite B
Slide 30: Thank You
THANK YOU rocketlabusa.com ROCKETLAB