Kraken Robotics Inc · TSXV:PNG
Kraken Robotics — Investor Presentation (July 2026)
36 slides from Kraken Robotics's investor presentation, July 2026
Slide 1: Mission-Critical Subsea Intelligence Solutions for Maritime Security and Offshore Energy
Mission-Critical Subsea Intelligence Solutions for Maritime Security and Offshore Energy July 2026
Slide 2: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes Forward-Looking Statements may be incorrect; increased indebtedness; potential undisclosed costs or liabilities associated with the Acquisition; increased exposure to risks relating to foreign exchange rates; the collection of accounts receivable; in
Slide 3: Cautionary Notes
Transforming Subsea Intelligence Cautionary Notes External Sources Where this document quotes any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics as being accurate. The description of and informa
Slide 4: Corporate Overview
Corporate Overview Transforming Subsea Intelligence Strategy ▪ To deliver market-leading value to customers through a portfolio of leading-edge technologies and a culture centered around innovation Business Overview ▪ Kraken, following the acquisition of Covelya, will offer a portfolio of mission- c
Slide 5: Recent Highlights
Recent Highlights Transforming Subsea Intelligence Record 2025 Annual Results Strong 2026 Outlook $102MM Revenue and $25MM Adj. EBITDA $290MM-$320MM 2026 Revenue Guidance (Kraken Pre-Acquisition) (Includes Half-Year Contribution From Covelya Acquisition) $110MM of Orders Announced YTD 2026 New Produ
Slide 6: Combined Global Footprint and Key Stats
Combined Global Footprint and Key Stats Transforming Subsea Intelligence Manufacturing and/or Testing & Calibration Facility (13) Combined Geographic Revenue Product Development or Sales & Support Facility (12) (2025) 7% Americas 18% 37% EMEA Asia Pacific Rest of World 38% ~1,200 25 Employees Facili
Slide 7: Technological Suite Offering
Technological Suite Offering Transforming Subsea Intelligence Power Systems Power Systems Communication & Monitoring Communication & Monitoring High-energy density, pressure- Acoustic and optical comms and subsea to surface tolerant battery and a proprietary data transfer (high-speed, real-time, lar
Slide 8: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Intruder Detection Anti-Submarine Warfare Offshore Oil & Gas Seismic Data (4D)
Slide 9: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Mine Counter Measures (MCM) Intelligence, Surveillance and Reconnaissance Sub-S
Slide 10: End Market Applications
End Market Applications Transforming Subsea Intelligence The combined company will have access to multiple technical capabilities and end markets for both defense and commercial use. Some illustrative examples are below. Subsea Communication Strategies Subsea Cable Installation Enhanced ROV Control
Slide 11: Broad Set of Capabilities for Growth
Broad Set of Capabilities for Growth Transforming Subsea Intelligence ROV / Stationary Crewed AUV USV Diver ROTV Sensors Vessel Underwater Comms Navigation - - Positioning Imaging - Sensors Launch & - - - - - Recovery Power - - - Platforms - - - - - Kraken Strength: Kraken Capability: Strong competi
Slide 12: Significant Content Per System
Significant Content Per System Transforming Subsea Intelligence Kraken SeaPower Batteries Sonardyne Avtrak Acoustic Communications Kraken Synthetic Aperture Sonar Sonardyne SprintNav Navigation & Positioning System Voyis Insight Pro Laser Scanner Sonardyne BlueComm Optical Communications Voyis Insig
Slide 13: Integrated Across Major UUV OEMs
Integrated Across Major UUV OEMs Transforming Subsea Intelligence 13
Slide 14: Integrated Across Major USV OEMs
Integrated Across Major USV OEMs Transforming Subsea Intelligence 14
Slide 15: 700+ Customers
700+ Customers Transforming Subsea Intelligence + Defence Commercial Larger set of capabilities combined with a diversified customer base positions Kraken for future growth via multiple channels 15
Slide 16: Navies Upgrading Fleets for MCM & CUI
Navies Upgrading Fleets for MCM & CUI Transforming Subsea Intelligence ▪ Underwater mines have long been considered an effective way to immobilize enemy ships, block sea lanes, threaten assets, disrupt commerce ▪ The use of sea mines adjacent to maritime choke points presents a ubiquitous / deadly t
Slide 17: Maritime Chokepoints
Maritime Chokepoints Transforming Subsea Intelligence GIUK Gap Danish Straits Only outlet to Atlantic for Handles ~6% of global Russian Northern Fleet, hosts maritime trade. Narrow passage multiple subsea telecom connecting Baltic Sea to North cables; heavily monitored by Sea and Atlantic. Key gatew
Slide 18: Kraken Historical Results and 2026 Guidance
Kraken Historical Results and 2026 Guidance Transforming Subsea Intelligence Revenue & Gross Profit Margins Adjusted EBITDA $350 70% $110 40% $305 $300 $90 Adjusted EBITDA Margin (%) Gross Profit Margin (%) 60% 30% $250 $70 In Millions ($) In Millions ($) $70 24% 23% 23% $200 20% 50% $50 20% $150 13
Slide 19: Strategic M&A Has Enhanced Our Position
Strategic M&A Has Enhanced Our Position Transforming Subsea Intelligence M&A Criteria Our Historical Acquisition Track Record ✓ Enhanced breadth of capabilities Enhance Competitive Position ✓ Ability to offer a more integrated solution for customers ✓ Businesses with defensible market positions ✓ Di
Slide 20: Investment Attributes
Investment Attributes Transforming Subsea Intelligence Experienced management Strategically positioned in Attractive financial profile Significant production team and Board of Directors a fast-growing market, within a high margin product capacity with highly with deep expertise and driven by the def
Slide 21: Appendix
Appendix
Slide 22: Capitalizes on Supportive Industry Trends
Capitalizes on Supportive Industry Trends Transforming Subsea Intelligence NATO Defence Spending as a % of GDP (2024) Strong Value Proposition and Macro Drivers for Defence 5.0% Defence spending by NATO countries = ~US$1.5 Trillion, or 2.2% of GDP, in 2024 ▪ Geopolitical Drivers: National and econom
Slide 23: Addressing a Large TAM
Addressing a Large TAM Transforming Subsea Intelligence Technical Capabilities Combined End Market Applications Navigation Defence & Maritime Surveillance Dynamic Positioning ▪ Anti-Submarine Warfare (ASW) Underwater Communication ▪ Critical Underwater Infrastructure (CUI) ▪ Intelligence, Surveillan
Slide 24: Next Gen XLUUVs Require More Power
Next Gen XLUUVs Require More Power Transforming Subsea Intelligence 24
Slide 25: Significant Production Capacity
Significant Production Capacity Transforming Subsea Intelligence Kraken will have >450,000 sq. feet of production capacity upon closing of its acquisition of Covelya, including highly advanced facilities located in key defence markets Product Development & Manufacturing Significant Capabilities for
Slide 26: SeaPower Batteries
SeaPowerTM Batteries Transforming Subsea Intelligence ▪ Pressure-tolerant battery ▪ Potted battery with proprietary pressure tolerant design and polymer matrix ▪ Eliminates the need for oil, compensators, or pressure vessels ▪ Enables higher energy density (reducing weight and volume) ▪ Rated to 6,0
Slide 27: Customer Snapshot: Anduril Industries
Customer Snapshot: Anduril Industries Transforming Subsea Intelligence ▪ 2022: ▪ Entered underwater domain via acquisition of Dive Technologies; won US$90 million Royal Australian Navy (RAN) contract for 3 XL-UUVs prototypes ▪ 2024: ▪ US Navy and Defense Innovation Unit awards Anduril, and its Dive
Slide 28: Customer Snapshot: HII
Customer Snapshot: HII Transforming Subsea Intelligence ▪ Huntington Ingalls Industries (HII) is America’s largest shipbuilder. They are a large defense contractor prime with over 44,000 employees building aircraft carriers, submarines, and surface combatant ships for the US Navy ▪ Acquired Hydroid
Slide 29: Customer Snapshot: Teledyne Marine
Customer Snapshot: Teledyne Marine Transforming Subsea Intelligence ▪ Teledyne Marine's suite of AUV products (Gavia, Osprey, and SeaRaptor) provide standard solutions for military, commercial, and scientific applications worldwide, with depth ratings up to 6,000-meters ▪ Such marine projects includ
Slide 30: Customer Snapshot: Navies
Customer Snapshot: Navies Transforming Subsea Intelligence ▪ Denmark: Sept 2020, $30-$35 million. Four systems plus reference system over 2-yr acquisition program followed by 7-yr service & support + options. Competitors were Northrop Grumman and Thales ▪ Poland: $15-$20 million from initial order i
Slide 31: Customer Snapshot: Navies
Customer Snapshot: Navies Transforming Subsea Intelligence ▪ Baltic: $20 million provision of expeditionary Sentinel Sonar Systems and deployment solutions to provide flexible coastal, harbour and river protection from underwater intruders. Provided through U.S. FMS contracts ▪ Indian Navy: $11 mill
Slide 32: Total Addressable Market (TAM)
Total Addressable Market (TAM) Transforming Subsea Intelligence ~US$120B Expected TAM (2035E) +16% CAGR ~US$26B Current TAM ▪ The largest segment is the UUV market, which is growing at a CAGR of ~24% by 2035 driven by the defence sector followed by oil and gas Sources: The total address market (TAM)
Slide 33: Protecting Underwater Fiber-Optic Cables
Protecting Underwater Fiber-Optic Cables Transforming Subsea Intelligence ▪ ~750,000 miles of submarine fiber-optic cables across the seafloor carry 95-99% of international internet and data traffic across across roughly 500 active subsea cable systems1 ▪ These fiber-optic cables are essential to ec
Slide 34: Non-IFRS Measures
Non-IFRS Measures Transforming Subsea Intelligence Reconciliation of Adjusted Gross Profit and Gross Profit Margin Gross Profit and Gross Profit Margin Gross profit is defined as revenue less cost of total sales. Gross profit margin is defined as gross profit divided by total sales. The following ta
Slide 35: Corporate Information
Corporate Information Transforming Subsea Intelligence Management and Board of Directors Corporate Partnerships Kraken Group - Executive Team Position Auditors Ernst & Young, LLP Greg Reid, CPA, CA, CFA Chief Executive Officer (CEO) Counsel Gowling WLG Bernard Mills President Joe Mackay, CPA, CA, CF
Slide 36: Kraken Robotics | Transforming Subsea Intelligence
Transforming Subsea Intelligence Kraken Robotics | Transforming Subsea Intelligence