Volatus Aerospace Inc. · TSX:FLT
Volatus Aerospace — Q2 2026 Earnings Presentation
15 slides from Volatus Aerospace's earnings presentation, Aug 14, 2026
Slide 1: Q2 2026 Business Update & Earnings Call
Q2 2026 BUSINESS UPDATE & EARNINGS CALL Strongest balance sheet in Company history. Sovereign manufacturing now operational. For the three and six months ended June 30, 2026 MIRABEL OPEN V-CORTEX AI $34.5M RAISED 53,000 sq ft Unveiled at CANSEC Bought deal, June 2026 TSX: FLT | OTCQX: TAKOF August 2
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation (“Presentation”) is for informational purposes only in order to enable you to learn more about Volatus Aerospace Corp. “Future-oriented financial information” is forward-looking information about prospective results of operations, financial position or cash (“
Slide 3: Q2 Financial Performance Overview
Q2 FINANCIAL PERFORMANCE OVERVIEW Q2 2026 METRICS KEY MESSAGES REVENUE $8.4M Revenue rebounded 49.5% +49.5% vs Q1 2026 sequentially, in line with normal seasonality GROSS MARGIN $2.6M defence contract 31.6% for H1 2026 29% not delivered in quarter — expected Q3/Q4 2026 WORKING CAPITAL Record liquidi
Slide 4: Sequential Revenue Recovery with Defence Delivery Timing Shift
SEQUENTIAL REVENUE RECOVERY WITH DEFENCE DELIVERY TIMING SHIFT QUARTERLY REVENUE ($M) WHAT MOVED THE QUARTER Products & equipment $10.6M $10.6M 42.9% of Q2 revenue (Q2 2025: 47.8%) $8.4M $7.3M Services & training $5.7M $5.6M 57.1% of Q2 revenue (Q2 2025: 52.2%) Markets outside Canada ~35% of H1 reve
Slide 5: Margin Profile and Revenue Mix Progression
MARGIN PROFILE AND REVENUE MIX PROGRESSION GROSS MARGIN WHY THE QUARTER COMPRESSED H1 2026 MIX REVENUE BY TYPE Delivery mix 35.0% 31.9% Heavier weighting of defence programs, which Products & equipment 44% carry lower margins than established commercial 29.3% service lines. $6.22M Gross Margin chang
Slide 6: Investing in Scale: Understanding Our Cost Structure
INVESTING IN SCALE: UNDERSTANDING OUR COST STRUCTURE ADJUSTED EBITDA RECONCILIATION WHAT IS DRIVING THE INVESTMENT Personnel Q2 2026 Q2 2025 Defence, engineering and technical hiring +$1.44M Net loss (7,500,130) (6,524,387) Advertising & marketing Add: Finance cost 939,429 1,743,710 TSX profile, inv
Slide 7: Capital Positioned to Support the Next Stage of Growth
CAPITAL POSITIONED TO SUPORT THE NEXT STAGE OF GROWTH STRONGEST BALANCE SHEET IN COMPANY HISTORY BALANCE SHEET POSITION CAPITAL ACTIONS IN THE QUARTER $34.5M bought deal closed June 5 Cash vs $41.1M at Dec 31, 2025 $59.2M at $0.65, over-allotment fully exercised - priced above the $0.60 November 202
Slide 8: Strategic Progress Across Defence and Aerospace Platforms
STRATEGIC PROGRESS ACROSS DEFENCE AND AEROSPACE PLATFORMS Q2 2026 HIGHLIGHTS MIRABEL OPENED V-CORTEX UNVEILED $34.5M BOUGHT DEAL 53,000 sq ft manufacturing and systems integration Proprietary AI flight controller and autonomy OS Closed June 5 with a syndicate led by Desjardins; facility opened June
Slide 9: Mirabel Sovereign Manufacturing Now Operational
MIRABEL SOVEREIGN MANUFACTURING NOW OPERATIONAL THE FACILITY WHAT IT BUILDS Drone docking stations LIVE 53,000 Manufacturing and systems integration space at the YMX In production today SQ FT Innovation Centre V-Series long-endurance UAS JUN 23 Facility operational at Montreal-Mirabel International
Slide 10: Canada's Sovereign Autonomous Wildfire Intelligence & Rapid Response Capability
ss _——S VOLATUS AEROSPACE TSX:FLT | OTCQB*TAKOF CANADA’S SOVEREIGI AUTONOMOUS WILDFIRE ail INTELLIGENCE & RAPID a ¥ RESPONSE CAPABILITY eT: | : “ee ae 3 ee ae BUILDING CANADA'S = GENERATION ! ! NATIONAL RESILIENCE SYSTEM t Aan PERSISTENT RAPID | AUTONOMOUS INTEGRATED SOVEREIGN | STRONGER INTELLIGENC
Slide 11: Wildfire RPAS Solutions
WILDFIRE RPAS SOLUTIONS TSX: FLT | OTCQX: TAKOF 11
Slide 12: Advancing Proprietary Platforms and Autonomy Systems
ADVANCING PROPRIETARY PLATFORMS AND AUTONOMY SYSTEMS TECHNOLOGY PORTFOLIO 1 V-CORTEX AI 2 SKYDRA C-UAS SaaS • Modular MOSA autonomy stack, 3.5 cm and under 15 g • First proprietary recurring software revenue stream • GNSS-denied navigation and edge computing • Subscription licensing with enterprise
Slide 13: Aligned with Canada's Defence Industrial Strategy
ALIGNED WITH CANADA'S DEFENCE INDUSTRIAL STRATEGY $81.8B CAF reinvestment $6.6B Committed under the DIS 70% Target awarded to Canadian firms BUILD PARTNER BUY • Sovereign manufacturing live at Mirabel • NATO-aligned training and ISR programs • Deployed, operationally proven platforms • Canadian-cont
Slide 14: Outlook and Priorities for H2 2026
OUTLOOK AND PRIORITIES FOR H2 2026 EXECUTION PRIORITIES Deliver the deferred defence contract Convert the NATO ISR training programme 1 $2.6M expected to be fulfilled in full across Q3 and Q4 2026 2 Up to $9M contract; second tranche exercisable through end of 2027 Ramp Mirabel production Commercial
Slide 15: Q&A
Q&A CEO / CFO TSX: FLT | OTCQX: TAKOF 15