Airo Group Holdings, Inc. · NASDAQ:AIRO
Airo — SPAC Merger (May 2024)
26 slides from Airo's SPAC merger presentation, May 28, 2024
Slide 1: Advanced Air Solutions
ADVANCED AIR SOLUTIONS AIRO GROUP HOLDINGS, INC. May 2024
Slide 2: Disclaimer
Disclaimer About this Presentation This presentation relates to a proposed business combination (the “Business Combination”) between AIRO Group Holdings, Inc. (the “Company") and Kernel Group Holdings, ne. ("Kernel"). As a result of the Business Combination, AIRO Group, In. ("ParentCo"}, wil be the
Slide 3: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements ‘This presentation includes forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995, as amended, that reflect current views ofthe Company, Kernel or ParentCo with respect " expect” to, among other things, operations a
Slide 4: Disclaimer: Industry and Market Data
Disclaimer Industry and Market Data In this presentation, the Company, Kernel and ParentCo rely on and refer to certain information and statistics obtained from third-party sources which they believe to be reliable. However, the Company, Kernel and ParentCo have nat independently verified the accura
Slide 5: The AIRO Group Overview
The AIRO Group Overview AIRO Group Holdings, Inc. (“The AIRO Group,” “AIRO” or the “Company") leverages decades of industry expertise to offer a sector leading enterprise providing innovative aerospace, urban air mobility, and UAS products and services The founding of The AIRO Group (“AIRO") dates b
Slide 6: The AIRO Group Vision
The AIRO Group Vision The AIRO Group utilizes its differentiated technologies to effectively address high growth markets across Aviation and Aerospace AIRO’s Key Value Drivers Vision @) Diversified Product Portfolio, ranging from mature product offerings to innovative, growth solutions with 7 deal c
Slide 7: AIRO: Executive Management Team
AIRO: Executive Management Team Our Executive Leadership Team has over 150 years of combined operating experience in the aerospace and defense markets AIRO Management Division Management — Joe Burn [CEO Dr chiinjeevKathuria Electric AirMobitty Uncrewed Ar systems peptone net txceuthe Charman, Martin
Slide 8: Kernel: Executive Management Team
Kernel: Executive Management Team About Kernel Group Holdings, Inc. Purpose + Kernel Group is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
Slide 9: Company Divisions
Company Divisions AIRO isa multi-faceted air mobility, autonomy & aerospace platform with differentiated technologiesand capabilities that dynamically addr market trends across the entire aviation & aerospace ecosystem Uncrewe Nir Systems Training + The Training total addressable market projected to
Slide 10: Differentiated and diversified portfolio of aerospace and defense
Differentiated and diversified portfolio of aerospace and defense - well aligned with attractive high growth aerospace and defense markets Advanced and proprietary technologies, includingin aerial autonomy, drone services, avionics, and urban air mobility Significant revenue and operational synergie
Slide 11: Uncrewed Air Systems (UAS) Division
Uncrewed Air Systems (UAS) Division AIRO Group is well positioned to leverage its UAS Division to capitalize on the rapidly growing addressable Aviation & Aerospace market Total Addressable Market!) Drones Reliance on unmanned drones within the military and civilian markets expected to continue to e
Slide 12: Uncrewed Air Systems - Drones
Uncrewed Air Systems - Drones Commercial and Military UAS RQ-35 Heidrun is a battle-proven, fixed wing mini UAV for Low Altitude Close Range (LACR) Intelligence, Surveillance, Reconnaissance missions In service in the Ukraine conflict Purchased by multiple NATO countries Remote E0/IR Observation pla
Slide 13: AIRO_LINK — Providing Drone and Aviation VPN technology
AIRO_LINK — Providing Drone and Aviation VPN technology * Significant need for a datacom network environment for UAS and UAM operations - analogous to Airline and Business Aviation ACARS Networks + Today's current BVLOS network requires visual operations for all phases of flight. Airo_Link can provi
Slide 14: AIRO_Link Network
Slide 15: Training Division - Addressing Global Pilot Shortages
Training Division - Addressing Global Pilot Shortages Our Training Division is addressing the need for new pilots as well as assisting military requirements at a very cost-effective rate Pilot Shortage itary Training + Massive Pilot shortage is impacting all aspects of Air + Weare an approved, manda
Slide 16: Tailwinds in Aviation Training Demand
nand lwinds in Av ion Training De Growing demand across the aviation industry, including Airlines, Urban Air Mobility, and Uncrewed Air Systems will acceler. Le demand for pilots 2028 ott _ _ Total Number of Pilots: ‘otal Number of Pilots: attrition 590,000 360,000 150,000 Business. 55,000 Continuin
Slide 17: Advanced Avionics Division
Advanced Avionics Division Our Advanced Avionics Division develops affordable, interoperable products, technologies and partnerships that make information from the aviation data stream relevant to users through all phases of the flight cycle. Complete in-house design-certification-manufacturing, Ove
Slide 18: Electric Air Mobility (EAM) Division
Electric Air Mobility (EAM) Division AIRO is well positioned to leverage its portfolio of leading companies advancing the Aviation & Aerospace market to capitalize on this growing addressable market Total Addressable Market") Cargo - There are numerous opportunities to develop autonomous cargo aircr
Slide 19: The Jaunt Journey Aircraft
The Jaunt Journey Aircraft Innovation and advanced technology, combined with AlRO’s incredible engineering capabilities, facilitated an aircraft that ties together the best attributes of fixed wing aircraft and rotorcraft, utilizing the most efficient design for vertical take off and landing: a sing
Slide 20: Jaunt Canadian Strategy
Jaunt Canadian Strategy ‘+ jaunt has extensive experience in developing and certifying aircraft in Canada as well as established contacts throughout the government and industry. Engineering design operations are established in Québec.
Slide 21: Tier Suppliers
Tier 1 Suppliers + Jaunt Air Mobility has created a collaborative business model + Key Suppliers defer non-recurring engineering (NRE) cost to post certification + Technical and cost risk reduction throughout the development program + Significant technical development risks have already been mitigat
Slide 22: Aircraft Orders To Date
Aircraft Orders* To Date (throu 497 Orders* valued at $1.2B** 5 rr \NALLE Berane S| — wovistion HELTGO- Vertiko A) mintar “Tao REDWINGS me Mobilité 25 20 250 20 50 15 71 40 8, Gloiahnn + Estimated orders based on nonbinding, executed Letters of Intent 6 **Not including after market support that is e
Slide 23: Valuation Comps
Valuation Comps Company Joby Aviation, Inc. AeroVironment, Inc. EVE Air Mobility Vertical Aerospace Ltd Archer Aviation, Inc. Symbol JOBY AVAV EVEX EVTL ACHR ‘AeroVironment™ >ay= S VERTICAL ARCHER Market Capitalization (asof May 14,2024) $3.81B USD $5.47B USD $1.45B USD $162.7M USD $1.29B USD NIN 2B
Slide 24: Offering Summary
Offering Summary A AIRO signed a business combination agreement with Kernel Group Holdings, Inc. (Nasdaq: KRNL) on March 3, 2023. The parties have filed a Registration Statement on Form S-4 with the SEC and are responding to the agency’s comments. After closing, the combined company will trade on Na
Slide 25: Highly Attractive Financial Profile with Significant Growth
Highly Attractive Financial Profile with Significant |
Slide 26: Financial Summary
Financial Summary Audited Revenue Revenue Guidance ins NY ee se \ \ snd \\ Biel $38 a ea sas aa | = es a om Ld 58% to 68%, _ 5% E - 7 - » Ne ee