Amaero Ltd · ASX:3DA
Amaero — Q3 2026 Earnings Presentation
25 slides from Amaero's earnings presentation, November 2026
Slide 1: Third Quarter 2026 Earnings Presentation (ASX Announcement)
ASX:3DA ASX Announcement 10 November 2026 Third Quarter 2026 Earnings Presentation …………………………………………………………………………………………………………… For personal use only Amaero Inc. (NASDAQ:AMRO; ASX:3DA) (“Amaero” or the “Company”) advises that further to the ASX Announcement on 3 November 2026, the Company attaches its
Slide 2: Amaero Inc. Third Quarter 2026 Earnings Presentation
r personal use only AMAERO INC. A leading U.S. domestic producer of high-value refractory and titanium alloy spherical powders & manufacturer of near-net- shape parts for mission-critical components Third Quarter 2026 Earnings Presentation November 9, 2026
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Amaero Inc. ("Amaero" or the "Company") in connection with the release of its results for the third quarter ended September 30, 2026 and is intended to be r personal use only read together with the Company's earnings release date
Slide 4: Business Overview
r personal use only Business Overview Hank J. Holland Chairman and Chief Executive Officer
Slide 5: Amaero at a Glance
Amaero at a Glance Amaero is a U.S.-domestic advanced materials and manufacturing platform positioned at the intersection of r personal use only defense, reshoring, and additive manufacturing Product Lines Key Metrics Titanium Alloy Powder • High-purity spherical titanium powder for defense, aerospa
Slide 6: Why We Matter
Why We Matter Domestic production scale, proprietary PM-HIP know-how and an owner culture position Amaero to capture r personal use only rising demand for sovereign manufacturing and supply chains Our Differentiators Four Tailwinds Behind Our Growth 01 Largest U.S. domestic production capacity Criti
Slide 7: From Spin-Out to U.S. Sovereign Manufacturer
From Spin-Out to U.S. Sovereign Manufacturer From an Australian additive manufacturing services start-up to the largest U.S. domestic production r personal use only capacity for refractory and titanium alloy powders and pioneering PM-HIP manufacturing know-how Australian Origins Recap & U.S. Pivot B
Slide 8: Experienced Leadership with Deep Technical Expertise
Experienced Leadership with Deep Technical Expertise Seasoned executives backed by leading technical team in powder metallurgy, gas atomization and PM-HIP r personal use only Executive Spotlight Leadership Team Hank Holland is a career investor who previously held senior roles at First Republic In
Slide 9: Strategy: Subscale Markets, Defensive Moat
Strategy: Subscale Markets, Defensive Moat We focus on critical supply-chain bottlenecks and build proprietary capabilities r personal use only Why Subscale Markets Subscale market at a Limited competitive Specialty margin Higher enterprise critical bottleneck landscape structure valuation multiple
Slide 10: Leading Technology Coupled with Proprietary Know-How
Leading Technology Coupled with Proprietary Know-How While EIGA Premium provides the underlying platform, our technical team delivers superior powder r personal use only performance through proprietary commissioning, retrofit customization, and process tuning Differentiated Process Point of Differen
Slide 11: Mission-Critical End Markets
Mission-Critical End Markets Our powders and PM-HIP parts serve priority defense programs and commercial markets that need r personal use only qualified, domestic supply Naval Nuclear and Hypersonic, Strategic Priority Defense Missile and Missile Commercial Nuclear Systems Defense • PM-HIP near-net-
Slide 12: Diversified Customer Base
Diversified Customer Base Our customer base spans defense primes, shipbuilders, commercial additive manufacturers, national r personal use only laboratories, and U.S. government programs. Our Customers(1) 11 ________________________ (1) Representative list of current and recent customers; not intend
Slide 13: Foundational Buildout Completed
Foundational Buildout Completed With the core plant in place, Amaero is shifting from build-out to scaling production r personal use only Plant & Equipment First Year of Commercial Backlog and Pipeline(2) U.S. Listing Production(1) $52.2M $13.4M AMRO Gross PP&E as of Sep. 30, $12.5M +180% YoY and +9
Slide 14: Operational and Production Update
Operational and Production Update r personal use only • Completed a comprehensive process, system, and facility safety review with Jensen Hughes, a leader in safety, dust hazards and risk-based engineering, and implemented remediation and improvements • Titanium powder production resumed in late Jul
Slide 15: Progress on Strategic Initiatives
Progress on Strategic Initiatives Redomiciliation, Nasdaq listing, third atomizer and sieving system are complete; both 2027 capacity r personal use only projects are on schedule Initiative Status Milestone Progress U.S. redomiciliation Complete June 2026 Amaero Inc. (Delaware) replaced Amaero Ltd a
Slide 16: Q3 2026 Results and Outlook
r personal use only Q3 2026 Results and Outlook Hank J. Holland Chairman and Chief Executive Officer Brett Paduch Chief Financial Officer
Slide 17: Q3 2026 Highlights
Q3 2026 Highlights Revenue grew 35% and backlog nearly tripled YoY r personal use only Revenue 9M YTD Revenue Backlog(1) Cash Use Reduction Cash Balance(2) $4.1M $11.5M $13.4M $1.0M $19.3M +35% vs. $3.1M in Q3 +170% vs. $4.3M in 9M +180% vs. $4.8M at Sep. Op. cash use of $6.3M At Oct. 31, 2026, afte
Slide 18: Revenue Guidance and Outlook
Revenue Guidance and Outlook Q4 2026 guidance of $4.5M–$5.0M implies full year 2026 revenue of $16.0M–$16.5M, up 154%–162% r personal use only Revenue ($ in millions) Prior Period Current Outlook YoY Growth Q4 2026 Guidance $2.0 $4.5 – $5.0 121% – 146% Oct.–Dec. 2026 Second Half 2026 – Includes Q4 G
Slide 19: Q3 2026 Results vs. Preliminary Ranges
Q3 2026 Results vs. Preliminary Ranges Revenue landed near the top of the previously disclosed range; net loss, operating cash use and Adjusted r personal use only EBITDA were favorable to the range Q3 2026 ($ in thousands) Prelim. Low(1) Prelim. High(1) Actual vs. Range GAAP Financial Measures Reve
Slide 20: Revenue Performance
Revenue Performance Q3 revenue rose 35% to $4.1M, and PM-HIP more than doubled to $0.9M r personal use only Quarterly Revenue Financial Highlights USD, millions YoY Growth TTM Revenue 418% 431% 538% 35% Powder $5.5 $13.5 million PM-HIP $4.1 Up 191% vs. Q3 2025 TTM $4.9 $2.0 $1.9 $3.2 Q3 2026 Revenue
Slide 21: Q3 and Year-to-Date Financial Summary
Q3 and Year-to-Date Financial Summary Nine-month revenue rose 170% to $11.5M r personal use only ($ in thousands, except per share) Three Months Ended Sep. 30 Nine Months Ended Sep. 30 2026 2025 YoY 2026 2025 YoY Metal powders $3,201 $2,679 19% $9,396 $3,537 166% PM-HIP components 912 371 146% 2,114
Slide 22: Key Takeaways
Key Takeaways Revenue and backlog are growing while the capacity build stays on schedule r personal use only 01 Revenue grew 35% year over year Q3 revenue rose 35% to $4.1M, near the top of the prospectus range, and nine-month revenue rose 170% to $11.5M 02 Forward visibility improved Backlog of $13
Slide 23: Appendix
r personal use only Appendix
Slide 24: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Reconciled to loss from continuing operations, the most directly comparable GAAP measure r personal use only ($ in thousands) Three Months Ended Sep. 30 Nine Months Ended Sep. 30 2026 2025 2026 2025 Loss from continuing operations $(9,057) $(4,097) $(22,490) $(12,997)
Slide 25: r personal use only
r personal use only (ASX: 3DA | OTC: AMROF)