Ondas Inc · NASDAQ:ONDS
Ondas — Merger or Acquisition (June 2026)
18 slides from Ondas's merger presentation, Jun 18, 2026
Slide 1: Ondas to Acquire Cyberhawk
NASDAQ: ONDS Copyright 2026. All rights reserved. ONDAS TO ACQUIRE CYBERHAWK
Slide 2: Forward-Looking Statements
NASDAQ: ONDS 2 Forward-Looking Statements This presentation may contain "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "projects," "will," "may," "anticipates," "b
Slide 3: Transaction Overview
NASDAQ: ONDS 3 Transaction Overview Key terms of the proposed acquisition of Cyberhawk by Ondas Inc. Structure Ondas Inc. to acquire Cyberhawk in a mostly cash-based transaction Consideration Total consideration $125M (~95% cash); 5% equity for leadership, with a 1-year lock-up (subject to certain e
Slide 4: Strong Financial Profile
NASDAQ: ONDS 4 Strong Financial Profile Cyberhawk FY March 2027F(1) financial profile (1) Management estimates; target EBITDA margins expected by 2030. $45M+ Revenue $7.6M Software ARR 85% Revenue Visibility ~29% Revenue CAGR (FY23A – FY27F) 112% Net Revenue Retention 25%+ Target EBITDA Margins
Slide 5: A Large, Underpenetrated Market at an Inflection Point
NASDAQ: ONDS 5 Cyberhawk is the category leader(2) ~1/5 of today's vended market; ~20–25% of US-utility inspection A small but fast-growing market ~$200–230M vended today, growing 20%+ per year Powerful secular tailwinds Resiliency mandates, energy transition, AI/autonomy and BVLOS regulation Ondas:
Slide 6: Challenges Facing the Global Infrastructure Sector
NASDAQ: ONDS 6 Challenges Facing the Global Infrastructure Sector WHY IT MATTERS These pressures are structural, simultaneous and accelerating. Every one of them demands the same response: continuous, autonomous, AI-driven asset intelligence. Exactly what Ondas + Cyberhawk deliver. 6 Increasing Regu
Slide 7: Cyberhawk: The global leader in integrated UAS solutions
NASDAQ: ONDS 7 Data Collection UAS-based data collection at scale Data Analysis Domain-expert engineers, for data inspection Data visualization and insights Proprietary cloud-based visualization software (iHawk) Cyberhawk: The global leader in integrated UAS solutions for critical infrastructure INT
Slide 8: Leadership
NASDAQ: ONDS 8 Leadership Seasoned team of industry-leading pioneers Chris Fleming Founder / CEO 16+ Years with Cyberhawk Matt Zafuto CCO 3+ Years with Cyberhawk Nick Stewart CIO 9+ Years with Cyberhawk Phil Buchan COO / Founding Team 16+ Years with Cyberhawk
Slide 9: Trusted by Enterprise Customers Across Utilities & Renewables and Energy Producers
NASDAQ: ONDS 9 Trusted by Enterprise Customers Across Utilities & Renewables and Energy Producers Cyberhawk works with the world's leading critical infrastructure customers 300+ Global Customers ~5 YEARS Average Tenure ~95% Reoccurring Revenue $95M+ Backlog(1) Note: Data as of April 2026 UTILITIES &
Slide 10: A Compelling Strategic Rationale
NASDAQ: ONDS 10 T HE T HE S IS Acquiring the category leader in an underpenetrated, fast-growing market — and fusing hardware, autonomy and AI software into a compounding, reoccurring revenue platform. MA RK ET Category Leadership Cyberhawk's leading position in critical- infrastructure inspection &
Slide 11: Two Halves of One Autonomous Intelligence Platform
NASDAQ: ONDS 11 Sense & Collect Autonomous, agnostic data capture Manage & Visualize iHawk digital twin & system of record Analyze & Predict AI-enabled asset intelligence Decide & Act Operational decision support Defense & Security Ondas core market Critical Infrastructure Utilities & energy — Cyber
Slide 12: Significant SAM Headroom Exists in Cyberhawk's Core End Markets
NASDAQ: ONDS 12 Significant SAM Headroom Exists in Cyberhawk's Core End Markets 80% 20% Inspection Software SAM ~2.7B - $3B 90% 8% 2% Utilities (US) Energy Producers (ME, EU, UK) Utilities (UK) SAM ~2.7B - $3B SAM BY INSPECTION AND SOFTWARE SAM BY REGION UNITED STATES UTILITIES Biggest and largest c
Slide 13: Multiple Growth Vectors Underpin Strong Growth and Margin Expansion
NASDAQ: ONDS 13 Multiple Growth Vectors Underpin Strong Growth and Margin Expansion Multiple compounding levers drive accelerating revenue and margin growth — from near-term execution to longer-term upside. Identified near-term opportunities with further upside potential Land & Expand • Increase ass
Slide 14: Expected Changes to BVLOS Regulations Will Open the Skies
NASDAQ: ONDS 14 Expected Changes to BVLOS Regulations Will "Open the Skies" for Industrial Drone Operations • Limited range and coverage • Constrained scalability • BVLOS operations currently require case-by- case FAA waivers Limited Range Extended Range Current Landscape Regulation Changes Impact o
Slide 15: Case Study: From Single-Asset PoC to Multi-Year, Multi-Asset
NASDAQ: ONDS 15 Customer and relationship overview — 2020 to 2025 Initial Entry 2020 Transmission Program Expansion 2021 Substation Transmission New Program Introduced 2022 Substation Distribution Transmission Software Adoption 2023 iHawk Substation Distribution Transmission Software Scaled & Long-T
Slide 16: Three vectors for growth beyond Cyberhawk's current core
NASDAQ: ONDS 16 Three vectors for growth beyond Cyberhawk's current core Telcos Mining Construction Industrial Facilities Water / Waste Data Centers EXPAND INTO ADJACENT VERTICALS EXTEND USE CASES INTO A SYSTEM OF RECORD UNLOCK NEW USE CASES Perimeter Aerial & Ground Security CUAS Infrastructure Env
Slide 17: Current tailwinds that strengthen Cyberhawk's investment thesis
NASDAQ: ONDS 17 Current tailwinds that strengthens Cyberhawk's investment thesis Recognized as the market leader with deep domain expertise. Operational excellence delivered at global scale across the US, the UK, and the Middle East. Successfully and consistently executed large-scale inspection prog
Slide 18: Thank You
THANK YOU ir@ondas.com NASDAQ: ONDS Copyright 2026. All rights reserved.