Slide 1: Q4 2024 Investor Presentation
Q4 2024 Investor Presentation March 11, 2025
Slide 2: Additional Information and Where to Find It
Additional Information and Where to Find It Redwire will file with the SEC a proxy statement relating to a special meeting of Redwire’s stockholders (the “proxy statement”). STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN THEI
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 or the combined company’s business, results of operations, or financial condition are “for
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 2024 Results 6 2 2025 Outlook 12 3 Q&A 22 Peter Cannito Jonathan Baliff Chairman & Chief Executive Officer Chief Financial Officer & Director 1. Insert Footnote 5
Slide 6: 2024 Results
2024 Results Peter Cannito, Chairman and CEO Jonathan Baliff, Chief Financial Officer Blue Ghost Rendering Credit: Firefly 1. Insert Footnote 6
Slide 7: Executed on 2024 Growth Strategies
Executed on 2024 Growth Strategies . . . Protected the core by delivering Moved up the value chain with our acquisition of Hera Systems 186 Sensors and the introduction of during 2024, including sun sensors, star trackers and 5 Spacecraft cameras platforms across orbits SabreSat rendering Credit: Re
Slide 8: While Delivering for Our Stakeholders
. . . While Delivering for Our Stakeholders Redwire executed for more than Expanded footprint across the globe, with 100 Customers during 2024, with 85%+ of revenues +3 facilities from Government and Marquee two in California and one in customers Poland Proba-3 rendering Credit: NASA Credit: ESA Mor
Slide 9: Continued Pipeline and Backlog Development
Continued Pipeline and Backlog Development Demonstrating the Heritage + Innovation Differentiation YTD Submitted Bids ($B) ~$7.1B ~$4.1B $4.1 Pipeline as of FY2024 submitted bids December 31, 2024 as of December 31, 2024 $0.9 12/31/2023 12/31/2024 1 Contracted Backlog Detail ($M) $373 $229.8M 0.76x
Slide 10: Balancing Growth & Profitability in FY2024
Balancing Growth & Profitability in FY2024 $304.1M $243.8 $304.1 $(114.3)M $(21.0) $(27.3) Record Revenue Net Loss $(67.2) $68.6 $69.6 24.7% year-over-year Including a $52.0M loss $(114.3) growth rate from associated with the change in fair 2023 to 2024 value of warrant liabilities1 Q3 2024 Q4 2024
Slide 11: Bridging 2023 to 2024 Net Income
Bridging 2023 to 2024 Net Income $— $(25.0) $(27.3) $(50.0) $(75.0) $(49.9) $(14.2) $(100.0) $(9.8) $(9.1) $(4.0) $(114.3) $(125.0) 2023 Net Income Increase in loss for Increase in Net Increase in litigation- Increase in Other 2024 Net Income warrant liability fair Unfavorable EAC related expenses t
Slide 12: 2025 Outlook
2025 Outlook Peter Cannito, Chairman and CEO Hera Mission Rendering Credit: ESA 1. Insert Footnote 12
Slide 13: 2025 Growth Strategies
2025 Growth Strategies Credit: NASA Credit: Redwire Credit: Redwire Credit: Redwire Credit: Edge Autonomy Providing Delivering Exploring Advancing Executing Picks & Multi- the Moon, Venture Accretive Shovels Domain Mars & Optionality M&A Platforms Beyond 1. Insert Footnote 13
Slide 14: Providing Picks & Shovels
1 Providing Picks & Shovels Avionics & Sensors for Blue Ghost & IM-2 Blue Ghost with lunar surface (above) & Earth (below) --------------- taken by Redwire Camera Credit: Firefly In early 2025, two lunar landers with Redwire cameras onboard headed to the moon: Firefly's Blue Ghost, which launched on
Slide 15: Delivering Multi-Domain Platforms
2 Delivering Multi-Domain Platforms Tetra-6 Award --------------- Redwire was awarded a contract by Orion Space Solutions to deliver a Mako spacecraft to support Tetra-6, a U.S. Space Force mission. Tetra-6 is a follow-on to the USSF/AFRL Tetra-5 mission for which Redwire is delivering 2 Mako spacec
Slide 16: Exploring the Moon, Mars & Beyond
3 Exploring the Moon, Mars & Beyond ESA's LightShip Initiative --------------- Redwire was selected to lead a consortium that will conduct a study to explore potential spacecraft platforms for ESA's LightShip initiative, which aims to make future trips to Mars more frequent and affordable LightShip
Slide 17: Advancing Venture Optionality
4 Advancing Venture Optionality Upcoming Investigations --------------- Redwire's Golden Balls and 4 additional PIL- Boxes are among the investigations Redwire expects to launch in the coming months. Redwire's Golden Balls is an investigation into the production of gold nanospheres, a high- potentia
Slide 18: Executing Accretive M&A: Acquisition of Edge Autonomy
5 Executing Accretive M&A Announced Acquisition of Edge Autonomy --------------- The acquisition is expected to transform Redwire into a global leader in multi-domain autonomous technology, broadening its portfolio of mission- critical space platforms to include combat-proven Credit: Edge Autonomy a
Slide 19: Redwire Aims to be a Leader in Multi-Domain Defense Technology Platforms
Redwire Aims to be a Leader in Multi-Domain Defense Technology Platforms e of Surfac n o the Mo nd y o EO and be MEO/G LEO VXE30 Series VLEO RNE AIRBO e of Surfac h rt the Ea Penguin Series 1. Insert Footnote From the surface of the Earth to the surface of the Moon, Mars, and beyond 19
Slide 20: Benefits of the Combination
Benefits of the Combination Technical Operational Financial Edge Autonomy systems Combining autonomous airborne Combination accelerates leverage similar operational and space platforms will meet growth across key financial technology and perform customer mission requirements metrics, with scale driv
Slide 21: 2025 Outlook
2025 Outlook Revenue AG R: 5 2. 9% tC d poin $605.0 025 E Mi • Accelerated Revenue Growth 202 3-2 $535.0 ◦ We are forecasting full year 2025 Combined $304.1 $243.8 Revenues to be $535-$605M1 • Scale Driving Operating Leverage Redwire 2023 Redwire 2024 Combined 2025 and Cash Flow ◦ We are forecasting
Slide 22: Questions & Answers
Questions & Answers 1. Insert Footnote 22
Slide 23: Appendix
Appendix > 23
Slide 24: 2024 Year-to-Date Performance
2024 Year-to-Date Performance Year Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2024 December 31, 2023 year period year period Revenues $ 304,101 $ 243,800 $ 60,301 25 % Cost of sales 259,646 185,831 73,815 40 Gross profit 44,455 57,969 (13,514) (23
Slide 25: Q4 2024 Quarter-to-Date Performance
Q4 2024 Quarter-to-Date Performance Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2024 December 31, 2023 year period year period Revenues $ 69,560 $ 63,485 $ 6,075 10 % Cost of sales 64,937 52,754 12,183 23 Gross profit 4,623 10,731 (6,1
Slide 26: Supplemental Non-GAAP Information
Supplemental Non-GAAP Information Three Months Ended Year Ended Adjusted EBITDA Adjusted EBITDA are not measures of results under generally December December December December accepted accounting principles in the United States. (in thousands) 31, 2024 31, 2023 31, 2024 31, 2023 Net income (loss) $
Slide 27: 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) Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 reclassified
Slide 28: Supplemental Non-GAAP Information, Continued
Supplemental Non-GAAP Information, Continued Three Months Ended Year Ended Free Cash Flow December 31, December 31, December 31, December 31, Free Cash Flow is computed as net cash provided by (in thousands) 2024 2023 2024 2023 (used in) operating activities less capital expenditures. The Net cash p
Slide 29: Key Performance Indicators
Key Performance Indicators Contracted Backlog We view growth in backlog as a key measure of our business growth. Contracted backlog December 31, December 31, represents the estimated dollar value of firm funded executed contracts for which work (in thousands) 2024 2023 has not been performed (also k