Slide 1: Half-Year 2025 Results
HALF-YEAR 2025 RESULTS 15 September 2025
Slide 2: Key takeaways of H1 2025
Key takeaways of H1 2025 New mine-hunting programs Acceleration in commercial 1 activity on all fronts More sales of DriX surface drones Strong trends in navigation Revenues growing fast 2 EBITDA growing faster Robotics program ramping up New defense markets emerging in maritime Opening of new oppor
Slide 3: Key figures H1 2025
Key figures H1 2025 Revenues Current EBITDA Order intake 220 M€ 44 M€ 612 M€ +35% +45% +279% vs H1 2024 vs H1 2024 vs H1 2024 3
Slide 4: Commercial activity gaining momentum
Commercial activity gaining momentum Evolution of order intake over 5 years €612 m orders in H1 2025 €451 m orders in 2024 €220 m & more orders in 2021 to come in H2 2025 2021 2022 2023 2024 H1 2025 4
Slide 5: Summary
Summary 1. Activity H1 2025 2. Financial results H1 2025 3. Perspectives 4. Objectives 2025 5. Q&A 5
Slide 6: 1. Activity H1 2025
1. ACTIVITY H1 2025 6
Slide 7: Orders driven by Navigation & Robotics segment
Orders driven by Navigation & Robotics segment Navigation & Maritime robotics: strong dynamic Advanced technologies: 550 M€ of orders / +357% vs H1 2024 62 M€ of orders / +52% vs H1 2024 Numerous orders for Maritime robotics systems, Growing demand for high-end laser sources, especially with both ne
Slide 8: Three new programs for mine-hunting drone systems for ~€450 million
Three new programs for mine-hunting drone systems for ~€450 million ~95% MIDS DRONE SYSTEMS FOR ASIAN-PACIFIC NAVY winning rate on all mine-hunting INDONESIA RENEWAL PROGRAM tenders notified in NEW FLAGSHIP PROGRAM FOR SEVERAL HUNDRED MILLIONS the world since 2019 WITH SURFACE & UNDERWATER DRONES1 F
Slide 9: Navigation orders remain strong on all applications
Navigation orders remain strong on all applications Fiber optics technology is gaining on other technologies SEVERAL HIGH-GRADE MARINS LARGE ORDER TO EQUIP UNDERWATER SEVERAL HUNDREDS OF INS FOR ORDER FOR SPANISH FORCES SYSTEM FOR AN ASIAN NAVY / DRONES / €5 MILLION RADAR PLATEFORMS / €3 MILLION TO
Slide 10: Ostende assembly site ramping-up
Ostende assembly site ramping-up 3,700 m2 with access to the sea inaugurated in June 2022 A state-of-the-art lean facility for production and maintenance Link to the video 10
Slide 11: 2. Financial Results H1 2025
2. FINANCIAL RESULTS H1 2025 11
Slide 12: Navigation and maritime robotics: growing fast in revenues & profitability
Navigation and maritime robotics: growing fast in revenues & profitability €171 m €37 m OF REVENUES CURRENT EBITDA +37% +54% 22% vs H1 2024 vs H1 2024 margin Strong performance in Navigation deliveries +2 pts margin vs H1 2024 Stronger increase in maritime robotics Improvement mainly due to the high
Slide 13: Advanced Technologies: strong demand driving revenues
Advanced Technologies: strong demand driving revenues €56 m €8 m OF REVENUES CURRENT EBITDA +27% 14% vs H1 2024 margin Sales supported by repeat orders Margin decreasing due to unfavorable mix of products Mainly driven by defense, space & research clients & relocation of some photonics activity on a
Slide 14: H1 2025 P&L
H1 2025 P&L Var Variation In €million H1 2025 H1 2024 1 €M % Revenues growth driven mainly by strong navigation Revenues 220 163 +58 +35% sales & execution of numerous robotics contracts Current EBITDA2 44 30 +14 +45% Current EBITDA margin improving, especially in Navigation & Maritime robotics segm
Slide 15: Cash generation is improving significantly
Cash generation is improving significantly +€40 m -€14 m -€14 m Cash-flow from operations Change in WCR CAPEX before WCR +48% vs H1 2024 Solid performance Incl. €9 m Strong level relative considering the in R&D to current EBITDA unfavorable seasonality 15
Slide 16: Balance sheet at end-June 2025
Balance sheet at end-June 2025 Cash available €31 m vs €50 m at end-2024 at end-June 2025 Net debt1 €155 m at end-June. 2025 vs €153 m at end-2024 -34 M€ Excl. €110 m of ICG bonds with no cash & €188 m in over 12 months impact June 2024 16 1 Net debt before IFRS 16 and excluding ICG bonds
Slide 17: 3. Perspectives
3. PERSPECTIVES 17
Slide 18: Innovation in Navigation Driving sales
Innovation in Navigation Driving sales UMIX MANY APPLICATIONS The most compact high-performance adressed with Navigation system in the world one innoproduct Already several hundred of Land vehicules UAV Airborne sensors UGV units sold Optical fiber Accelerometers Integrated optical circuit Gimbal He
Slide 19: Mine-hunting application: aiming to establish a market standard
Mine-hunting application: aiming to establish a market standard More to do with existing clients UMISOFT €1.2 Bn signed since 2019 with 7 clients And ~€500 M to €1 Bn of potential additional orders with these clients Maintenance & upagrades USV Inspector 125 Seascan Complemtary capacity Additional f
Slide 20: New markets for maritime drones: first wins for €40 million
New markets for maritime drones : first wins for different applications for €40 million Seabed warfare ISR missions Maritime Domain Awareness Inspection, Surveillance, Reconnaissance H2 2024: SECOND SALE OF A FIRST SALE A FLEET OF DRIX NEW MODEL OF DriX H-9 DEEP SEA DRONE IN FRANCE SURFACE DRONES Un
Slide 21: Focus on the DriX: a unique system with strong capabilities
Focus on the DriX: a unique system with strong capabilities ALREADY Operating today in 19 countries around the world First 8 YEARS IN launch >100,000 hours at sea cumulated OPERATIONS in 2017 Flagship clients around the world A HIGHLY No High-value intellectual property through many patents equivale
Slide 22: A first in Europe: DriX Ocean on its way to REPMUS
A first in Europe: DriX “Ocean on its way to REPMUS exercises by the sea 1 900 km in 6 days supervised from the South of France Approaching the Gibraltar strait – Sunday 14/09/2025 View from the DriX crossing the Gibraltar strait 22
Slide 23: Maritime robotics: progress on processes of potential orders
Maritime robotics: progress on processes of potential orders New customers for Significant additional Resumption of New sales for surface initial capacity orders with existing previous processes drones for defense clients that were postponed applications UMIS Systems Maintenance & spare parts Intern
Slide 24: 4. Objectives 2025
4. OBJECTIVES 2025 24
Slide 25: Objectives 2025
Objectives 2025 CURRENT REVENUE: EBITDA: ORDER INTAKE: DOUBLE DIGIT INCREASING DYNAMISM GROWTH FASTER THAN CONTINUES REVENUE Supported by strong Continuing to increase Both in Defense order intake in 2024 profitability & Civil markets & supportive markets 25
Slide 26: Contact
CONTACT Hugo Soussan Chief of staff to the chairman & CEO h.soussan@exail-technologies.com +33 1 44 77 94 86 / +33 7 55 66 40 54 www.exail-technologies.com