Volatus Aerospace Inc. · TSX:FLT
Volatus Aerospace — Merger or Acquisition (May 2024)
13 slides from Volatus Aerospace's merger presentation, May 2024
Slide 1: Drone Technology & Services: Merger of Equals
DRONE TECHNOLOGY & SERVICES MERGER OF EQUALS May 2024
Slide 2: Disclaimer
DISCLAIMER Cautionary Note The information contained in this presentation (“Presentation”) has been prepared by Volatus Aerospace Corp. (“Volatus”) and Drone Delivery Canada Corp. (“DDC”, and together with Volatus, the “Companies”, “we” or “us”, and the Companies following the proposed transaction,
Slide 3: Introduction: Strategic Merger of Equals
INTRODUCTION Strategic Merger of Equals § 50/50 merger of equals, creating a global diversified drone technology and services leader which is expected to accelerate commercialization efforts. § Expected to create a financially stable enterprise with Expected Outcome: 2025E Revenue: $70+ million enha
Slide 4: Transaction Overview
TRANSACTION OVERVIEW § Transaction Type: All-stock, merger of equals transaction via Plan of Arrangement. § Exchange Ratio: Volatus shareholders receive 1.785 shares of DDC for each Volatus share. Transaction § Pro Forma Equity Ownership: Maintaining 50% / 50% basic ownership share structure. Struct
Slide 5: Merger Rationale
MERGER RATIONALE § Enhanced Capabilities: Leverage DDC’s remote operation technologies to enhance Volatus’ data service offerings, which is expected to improve gross margins and market positioning. § Profitability & Cost Reduction: $2M+ of day-one synergies from overlapping activities. The combined
Slide 6: Anticipated Shareholder Benefits
ANTICIPATED SHAREHOLDER BENEFITS § Pro forma ownership of 50% provides exposure to § Pro forma ownership of 50% provides immediate DDC’s advanced operational and proprietary cargo exposure to Volatus’ material revenue profile and near- drone technology and remote operating capabilities to term cash
Slide 7: Positioned for Growth
POSITIONED FOR GROWTH Aerial Solutions (Drones & Piloted Aircraft) § Core services business poised for growth in short and long term. § 2023 Sales: $35M § Drivers: increased adoption and technological advancements. § Diversified Customer Base § Expected Revenue % of Combined Company in 2025E: 38%; G
Slide 8: Robust Synergy Opportunities
ROBUST SYNERGY OPPORTUNITIES Operational Efficiency Expanded Solutions Market Expansion § Leveraging DDC’s § Merging Volatus’ robust § Broadened remote operation commercial presence geographic reach, capabilities, with DDC's drone expanding into the technologies, and delivery capabilities and cargo
Slide 9: Proven & Trusted Leadership
PROVEN & TRUSTED LEADERSHIP § Management of the § Glen has a proven executive management track record and combined company will CEO & Director Glen Lynch experience driving growth in the aerospace industry. include executives from both § Glen has over 30 years of experience in operational aviation,
Slide 10: Pro Forma Capitalization
PRO FORMA CAPITALIZATION Combination leads to a 50/50 merger of equals. Volatus Basic Shares Pro Forma Cash 126M ~$3M Outstanding (Q3 2024) Exchange Ratio 1.785x Pro Forma Debt ~$19M (Q3 2024) Shares Issued to Volatus 224M DDC Basic Shares 224M Outstanding Pro Forma Basic Shares 449M Outstanding Dis
Slide 11: Roadmap
ROADMAP 2025: Expected launch of expanded service lines with enhanced drone capabilities in Q3 2024: Transaction at least two new international closes. markets. Q4 2024: Expected 2026 and Beyond: completion of the Establish leadership in integration of Volatus’ and the tech-enabled data DDC’s techno
Slide 12: Why Own the Combined Entity?
WHY OWN THE COMBINED ENTITY? § Enhanced Capabilities: Leverage DDC’s remote operation technologies to enhance Volatus’ data service offerings, which is expected to improve gross margins and market positioning. § Profitability & Cost Reduction: $2M+ of day-one synergies from overlapping activities. T
Slide 13: Be Part of the Future. This Is the Beginning.
THIS IS THE BEGINNING. BE PART OF THE FUTURE.