Slide 1: Q2 2025 Investor Presentation
Q2 2025 Investor Presentation August 7, 2025
Slide 2: Use of Data
Use of Data Industry and market data used in this Presentation have been obtained from third-party industry publications and sources, as well as from research reports prepared for other purposes. Redwire has not independently verified the data obtained from these sources and cannot assure you of the
Slide 3: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements Readers are cautioned that the statements contained in this Presentation regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are “forward-looking statements” a
Slide 4: Non-GAAP Financial Information
Non-GAAP Financial Information This Presentation contains financial measures that have not been prepared in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). These financial measures include Adjusted EBITDA and Free Cash Flow. Non-GAAP financial measures are used
Slide 5: Agenda
Agenda Presenters 1 Q2 2025 Results 6 2 Financial Results & 2025 Outlook 16 3 Announcing SpaceMD 21 4 Q&A 25 Peter Cannito Jonathan Baliff Chairman & Chief Executive Officer Chief Financial Officer & Director 1. Insert Footnote 5
Slide 6: Q2 2025 Results
Q2 2025 Results Peter Cannito, Chairman and CEO Stalker Credit: Redwire 1. Insert Footnote 6
Slide 7: 2025 Growth Strategies
2025 Growth Strategies Credit: ESA Credit: Redwire Credit: Redwire Credit: NASA Credit: Redwire Providing Delivering Exploring Unlocking Executing Picks & Multi- the Moon, Breakthrough Accretive Shovels Domain Mars & Technologies M&A Platforms Beyond 1. Insert Footnote 7
Slide 8: ROSA Wings for Lunar Gateway
1 Providing Picks & Shovels ROSA Wings for Lunar Gateway --------------- Redwire successfully completed the first deployment test for one of its ROSA wings for the lunar Gateway's Power and Propulsion Element. These ROSAs will generate an unprecedented 60kW - the most powerful ROSAs ever built. Redw
Slide 9: U.S. Army LRR Program
2 Delivering Multi-Domain Platforms U.S. Army LRR Program --------------- • Long Range Reconnaissance (LRR) is a U.S. Army Program of Record to provide organic maneuver battalions a UAS designed to support Reconnaissance, Surveillance, and Target Acquisition efforts • For LRR, systems will have a we
Slide 10: Awarded LRR Prototype Phase Agreement
2 Delivering Multi-Domain Platforms Awarded LRR Prototype Phase Agreement --------------- In July, awarded prototype phase agreement by the U.S. Army to develop and deliver Stalker UAS for the LRR program. Under the terms of the contract, Edge Autonomy will deliver Stalker uncrewed aerial systems to
Slide 11: Mason Passes Critical Design Review with NASA
3 Exploring the Moon, Mars & Beyond Mason Passes Critical Design Review with NASA --------------- Mason is an advanced manufacturing technology that is critical to enabling sustainable operations on the surfaces of the Moon and Mars. Credit: Redwire Passing the CDR is an important step that brings M
Slide 12: Biotech Research for International Human Spaceflight Mission
4 Unlocking Breakthrough Technologies Biotech Research for International Human Spaceflight Mission --------------- Selected by NASA to facilitate a Space Microalgae biotechnology experiment developed by the Indian Space Research Organization, International Centre for Genetic Engineering and Biotechn
Slide 13: Integration of Edge Autonomy Underway
5 Executing Accretive M&A Integration of Edge Autonomy Underway --------------- • Transaction was approved by Redwire shareholders and closed on June 13, 2025 • Integration management office fully engaged to manage cost, schedule, and risk • In-house Team Integration model goal is to achieve commerc
Slide 14: U.S. and Allied Budget Environment
U.S. and Allied Budget Environment • Delays in U.S. government budget processes impacting timing of awards ◦ U.S. government is funding key programs such as Golden Dome (~$24B) and Gateway ($2.6B) in the Big Beautiful Bill, but later in 2025 and 2026 ◦ We believe the July 2025 Drones Memo and propos
Slide 15: Pipeline and Backlog Improvement
Pipeline and Backlog Improvement Demonstrating the Heritage + Innovation Differentiation Quarterly Contracts Awarded ($M) $90.6 $11.0B+ ~$2.5B $56.2 Pipeline as of FY2025 submitted bids June 30, 2025 as of June 30, 20251 3/31/2025 6/30/2025 1 Contracted Backlog Detail ($M) $90.6M 1.47x $329 $291 Q2
Slide 16: Financial Results & 2025 Outlook
Financial Results & 2025 Outlook Jonathan Baliff, Chief Financial Officer Credit: Redwire 1. Insert Footnote 16
Slide 17: Balancing Growth & Profitability in FY2025
Balancing Growth & Profitability in FY2025 $(7.0) $61.8M $61.4 $61.8 $(97.0)M $(2.9) $(90.0) Revenue Net Loss $(97.0) Including $5.9M of Edge Autonomy Including $90M+ non-cash, revenue recognized during the transaction-related, EAC impact, period and non-recurring activity Q1 2025 Q2 2025 Q1 2025 Q2
Slide 18: Bridging Q2 2024 to Q2 2025 Net Income
Bridging Q2 2024 to Q2 2025 Net Income $— $(25.0) $(18.1) $(50.0) $(29.6) $(75.0) $(22.1) $9.2 $(20.0) $(100.0) $(97.0) $(16.4) Denotes non-cash item $(125.0) Q2 2024 Net Income Increase in equity- Increase in Net Increase in interest Increase in Increase in income Q2 2025 Net Income based compensat
Slide 19: 2025 Outlook
2025 Outlook • Revenue For the full year 2025, including Edge Autonomy from the date of 0.5% $445.0 close,1 we are forecasting revenue CAG R: 3 int dpo to be $385-$445M 202 5E M i - 2023 $385.0 • For the full year 2025, including $304.1 Edge Autonomy from January 1, $243.8 2025, we are forecasting r
Slide 20: Drivers of the 2025 Outlook
Drivers of the 2025 Outlook Credit: Redwire • Uncertain timing of government contracting, including pushing awards out to 2026 • $25.2 million EAC impact in Q2, primarily from a single program in our RF systems offering • Expanding portfolio of development programs for emerging tech, positioned for
Slide 21: Announcing SpaceMD
Announcing SpaceMD Peter Cannito, Chairman and CEO 1. Insert Footnote 21
Slide 22: Formation of New Venture Company: SpaceMD
Formation of New Venture Company: SpaceMD • Redwire is at the forefront of microgravity operations, with decades of experience and 28 PIL-BOXes flown to-date • Redwire's wholly-owned subsidiary SpaceMD was founded to build upon the microgravity drug development work done by Redwire to-date • SpaceMD
Slide 23: Aspera Biomedicines Contract Award
Aspera Biomedicines Contract Award • Awarded a contract from Aspera Biomedicines, Inc. to conduct space-based research and analysis to advance the development of rebecsinib, a small molecule ADAR1 inhibitor, in May 2025 • Redwire's PIL-BOX technology adds to its heritage as a critical resource for e
Slide 24: Commercial Royalty Agreement for Space Pharma
Commercial Royalty Agreement for Space Pharma • In July, signed a trailblazing licensing agreement with ExesaLibero Pharma • Under the agreement, we expect to receive royalties from the commercial sales of resulting pharmaceutical products • This collaboration signals a paradigm shift for commercial
Slide 25: Questions & Answers
Credit:DeepSat Questions & Answers 1. Insert Footnote 25
Slide 26: Appendix
Appendix > 26
Slide 27: Q2 2025 Quarter-to-Date Performance
Q2 2025 Quarter-to-Date Performance Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) June 30, 2025 June 30, 2024 year period year period Revenues $ 61,760 $ 78,111 $ (16,351) (21)% Cost of sales 80,824 65,127 15,697 24 Gross profit (19,064) 12,984 (32,0
Slide 28: 2025 Year-to-Date Performance
2025 Year-to-Date Performance Six Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) June 30, 2025 June 30, 2024 year period year period Revenues $ 123,155 $ 165,903 $ (42,748) (26)% Cost of sales 133,178 138,094 (4,916) (4) Gross profit (10,023) 27,809 (37,832
Slide 29: Supplemental Non-GAAP Information
Supplemental Non-GAAP Information Three Months Ended Six Months Ended Adjusted EBITDA (in thousands) June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Adjusted EBITDA is not a measure of results under generally accepted Net income (loss) $ (96,979) $ (18,087) $ (99,927) $ (26,183) accounting p
Slide 30: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued i. Redwire incurred acquisition costs including due diligence, integration costs and Three Months Ended additional expenses related to pre-acquisition activity. Acquisition deal costs was (in thousands) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 reclassified
Slide 31: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued Three Months Ended Six Months Ended Free Cash Flow Free Cash Flow is computed as net cash provided by (in thousands) June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 (used in) operating activities less capital expenditures. The Net cash provided by
Slide 32: Key Performance Indicators
Key Performance Indicators Contracted Backlog We view growth in backlog as a key measure of our business growth. Contracted backlog June 30, March 31, December 31, represents the estimated dollar value of firm funded executed contracts for which work (in thousands) 2025 2025 2024 has not been perfor