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Investor Presentation ASX:DRO | October 2026 1 Leading the world in intelligent counter-drone technology
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2 Important Notices and Disclaimer This presentation has been prepared by DroneShield Limited ACN 608 915 859 ("DroneShield" or "Company"). This presentation contains summary information about DroneShield and its associated entities, and their activities current as at the date of this presentation. The information contained in this presentation is for information purposes only and is provided as at the date of this presentation (unless otherwise stated). It should be read in conjunction with DroneShield's most recent financial report and other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ("ASX"), which are available at www.asx.com.au under the Company’s ticker code (ASX:DRO). This presentation has been prepared without taking into account the investment objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, taxation, business and/or financial advice appropriate to their circumstances. Unless stated otherwise all references are to a financial year (“FY”) ended 31 December and all currency amounts are in Australian dollars. Due to rounding, numbers may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Forward-looking statements This presentation contains forward-looking statements. Forward-looking statements can generally be identified by the use of words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance or outlook on, plans, strategies, management objectives, sales and financial performance are also forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, both general and specific, many of which are outside the control of DroneShield which could cause actual results to be materially different from the relevant statements. Factors that may affect forward-looking statements include legal and regulatory change, industry competition, technological changes and economic and geopolitical factors, including global market conditions. No representation is made or will be made that any forward-looking statements will be achieved or will prove to be correct. As such, undue reliance should not be placed on any forward-looking statement. Forward-looking statements are based on information available to DroneShield as at the date of this presentation. Circumstances may change and DroneShield assumes no obligation to update such statements, except as required by applicable laws or regulations. Past performance Past performance information (including past share price performance of DroneShield and historical financial information) included in this presentation is given for illustrative purposes only and is not a guarantee of, and is not necessarily a guide to, future performance. Non-IFRS financial information Information in this presentation includes Non-IFRS measures as we believe they provide useful information to assist in understanding the Company’s financial performance. Such financial measures do not have a standardised meaning and should not be viewed in isolation or considered as substitutes for measures reported in accordance with IFRS. These measures have not been independently audited or reviewed. Third Party Information This presentation may contain statements that have been prepared by DroneShield on the basis of information from publicly available sources, and other third-party sources, and this information has not been verified by DroneShield. DroneShield does not make any representation or warranty as to the currency, accuracy, reliability or completeness of such information in this presentation. Disclaimer No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation. DroneShield does not represent or warrant that this presentation is complete, free from errors, omissions, or misrepresentations or that it contains all material information about DroneShield or which a prospective investor or purchaser may require in evaluating a possible investment in DroneShield or an acquisition or other dealing in shares. This presentation may contain information from third parties believed to be reliable, but no representations or warranties are made as to the accuracy or completeness of such information. To the maximum extent permitted by law, DroneShield expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any direct, indirect, consequential or contingent loss or damage arising from the use of information contained in this presentation including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom. Statements made in this presentation are made only at the date of the presentation. DroneShield is under no obligation to update this presentation. The information in this presentation remains subject to change by DroneShield without notice to you.
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3 Contents 1 DroneShield Update 2 Counter-Drone Update 4 2026 Highlights 5 Appendix O C T O B E R I N V E S T O R P R E S E N T A T I O N 3 DroneShield Solutions
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Leading the world in intelligent counter-drone technology 01 DroneShield Update 4
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5 2 0 2 6 S C O R E C A R D Revenue Committed Revenue: $261M1 ▪ Within FY2026 outlook $250M to $270M2 ▪ Diversification with 15% non-military ▪ Periodic Committed Revenue updates Product AI-powered, software-enabled ▪ Initial launch of next-gen solutions ▪ First orders of RfAI-3 powered RfRecon ▪ More ecosystem interoperability Operations Scaled for growth ▪ New 3,000 sqm facility in Australia ▪ Manufacturing capability in Europe ▪ New ERP and CRM implemented Repeatability Sustainable growth ▪ Repeating orders & procurement portals ▪ 4,200 devices, 9.2% recurring revenue ▪ Launch of Mission Ready Services Personnel 519 people ▪ CEO and CFO succession ▪ Expanded and strengthened ELT ▪ Careful replacement, moderated growth Governance Board Renewal ▪ New Chairman and two additional NEDs ▪ Broadened Board skills and experience ▪ Uplift in governance policies Foundations Reset. Platform Built. Ready for Scale 1. Committed Revenue is the value of hardware, services, warranties and subscriptions delivered and scheduled for delivery wi thin the period, based on confirmed purchase orders and prevailing exchange rates at the time of conversion. FY2026 Committed Revenue and 4,200 devices as at 12 October 2026. 2. FY2026 revenue outlook range of $250-270M provided on 28 July 2026
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6 Committed Revenue at Mid-Point of FY2026 Range C O M M I T T E D R E V E N U E FY2026 Committed Revenue ($M) ▪ Committed Revenue1 demonstrates revenue outlook with confirmed orders converted progressively to revenue ▪ FY2026 Committed Revenue currently $261M: - Up 35% on PCP2 - 121% of FY2025 Revenue - Includes 9% in Recurring Revenue ▪ Average weekly revenue3 - FY2026: $4.8M to $5.2M - FY2025: $3.0M - FY2024: $1.1M ▪ FY2027 Committed Revenue currently $29M and expected to increase in coming months ▪ Committed Revenue in FY2028 and beyond already at $17M Committed Revenue of $261M, up 35% on PCP, with an implied an average weekly revenue of $5M 1. Committed Revenue figures as at 12 October 2026. 2 Prior Corresponding Period comparison of $193.1M as at 20 October 2025. 3. Implied average weekly revenues based 52 weeks, with revenue of FY2024 $57.5M, FY2025 $216.5M less $61.6M being single largest order on record, FY2026 $250 -$270M range. Refer to Important Notices and Disclaimer regarding forward looking statements. 93 104 140 155 161 206 240 251 261 50 100 150 200 250 300 1-Jan-26 31-Mar-26 26-May-26 21-Aug-26 12-Oct-26 FY2016 - FY2024 Cumulative Revenue $150M FY2025 Revenue $217M FY2026 Revenue Outlook Range $250M-270M
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Leading the world in intelligent counter-drone technology 02 Counter-Drone Update 7
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8 The Doctrine has Shifted Counter-drone is not static. Rapid technological advances means effective counter-drone solutions requires a multi-layered ecosystem “While there is no silver bullet to protect against drones, the threat can be mitigated if we are proactive, … and build a layered defense.” The Market is Expanding Beyond the battlefield, drone threats now extend to non-military situations across airports, prisons, critical infrastructure, public safety and major events “Tactics that once belonged to militaries are now increasingly accessible … and commercial drones can be easily adapted into weapons of war” The Budgets are Structural Budgets are moving from urgent operational purchases toward embedded funded programs, procurement frameworks and recurring capability investment “Investing over US$40B in counter- drone capabilities over the next 5 years… developing a NATO counter- drone marketplace… and other procurement pathways” The Age of Counter-Drone is Here M A R K E T C O N T E X T Quote sources (L to R): Small Drones, Big Problems: A First Principles Approach to Countering-UAS by Joint Interagency Task Force 401 (June 2026) Jessica Tisch, NYPD Police Commissioner (February 2026) NATO’s Drone Edge (July 2026) Counter-drone has moved from niche capability in select military theatres to a core spend across environments
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9 2027-2032 03 Enduring Capability MARKET Core to military and government needs with selected commercial markets. Broader applications and long-term programs drive sustained investment DRONESHIELD Investing now in next-generation sensing, software, AI and interoperable capability designed for the next evolution of the threat Over a Decade of Investing Ahead of the Curve C O U N T E R - D R O N E E V O L U T I O N DroneShield has developed its capability ahead of emerging requirements, evolving to the complex challenges in the drone threat, customer needs and counter-drone market 2014-2019 01 Category Emergence MARKET Drone incursions expose a new airspace security challenge DRONESHIELD Founded in 2014 specifically for the counter-drone mission. Early investment established RF sensing and portable defeat capabilities KEY MILESTONES Founded DroneGun Tactical RfPatrol 2014 2017 2019 2020-2026 02 Early Adoption MARKET Drone proliferation and conflict accelerate operational requirements and global procurement DRONESHIELD Expands from individual products into a broader counter-drone portfolio spanning dismounted, mobile, fixed-site, C2, software and AI KEY MILESTONES DroneGun DroneSentry-X IRK DroneSentry-C2 2021 2023 2024 2025 Continuous Technology Evolution Software + AI + Next-Generation Hardware RfRecon 2026
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10 ✓ 3,000 sqm facility for long-term capacity ✓ EU and US capability for sovereign supply ✓ ERP and CRM in place for S&OP planning ✓ Inventory4 investment includes long lead time CPU, GPU and SDR G R O W T H E N A B L E R S 1. Demand ▪ Undeniable, unrelenting rapidly evolving threats ▪ Homefront urgency well beyond the frontline ▪ Importance for airports, prisons and infrastructure ▪ Awareness for public safety and events 4. Technical Edge ▪ Hardware and software essential for effective multi-layered solutions ▪ Sustained R&D investment ▪ Ecosystem of detect, track, defeat, interoperability 5. Capacity ▪ Scaled production to meet continuous demand ▪ Sovereign support where needed for localisation ▪ Lifecycle, component and supply chain planning 3. Regulatory ▪ Spectrum and jamming abilities for non-military government ▪ Airspace rules and legislation adapting to drone incursions ▪ Pathways for critical infrastructure mitigation Unlocking of the Gates for Growth As the gates for counter-drone growth are unlocked, DroneShield has matching capabilities to execute 2. Funding ▪ Now core to global defence budgets ▪ Start of multi-year orders and layered solutions ▪ Procurement portals shortening sales cycles ▪ Commercial budgets beginning to emerge ✓ 10+ years of recognition as counter-drone leader ✓ Growing frequency and size in repeat and expanding orders ✓ Only scaled pure-play operator with solutions for both military and non-military segments ✓ Average weekly revenue1 FY2024 $1.1M FY2025 $3.0M FY2026 $4.8-$5.2M ✓ Dual-market sales2 85% Military 15% Non-military govt and commercial ✓ $180M cash and term deposits (no debt)3 ✓ Products active in 50 countries ✓ Representation in >70 countries ✓ Export procedures for NATO, US and Western allied and aligned nations ✓ Largest proprietary RF threat library from global data over 10 years ✓ Multi-year R&D with RfAI-3 and RfRecon start of next-gen rollout ✓ 15 interoperable product and solutions partners and growing DroneShield Positioning 1. Implied average weekly revenues based on 52 weeks on revenue of FY2024 $57.5M, FY2025 $216.5M less $61.6M being single lar gest order on record, FY2026 $250- $270M range. 2. Based on Revenue in 1H 2026. Split may vary from period to period. 3. DroneShield net cash and term deposits as at 30 June 2026. 4. Inventory $85M as at 30 June 2026, comprises $66M in raw materials and $19M in finished goods
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11 $0 $50 $100 $150 $200 $250 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 20 Annual Growth 354% 215% 192% 58% 88% 61% 222% 6% 276% 15% Revenue ($M) $0.1 $0.4 $1.2 $3.5 $5.6 $10.5 $16.8 $54.1 $57.5 $216.5 $250.0 A Decade of Innovation. A Decade of Growth DroneShield major launch of a pioneering new product/solution Material upgrade or evolution of an existing D roneShield product/solution C O N T I N U O U S G R O W T H DroneShield has translated sustained product investment into 10 years of consecutive revenue growth, with the release of its next generation of solutions already underway Outlook Range 15% to 25% $250.0-$270.0
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12 Contract to Capability in ~80 days ▪ Requirement: Vehicle-mounted C-UAS capability delivered to provide another layer of protection in a border environment where permanent infrastructure is impractical ▪ Execution: Acceptance test flown with live uncrewed aircraft and all operators trained on time, with initial operational capability established ▪ Delivery: From contract award to accepted operational capability in ~80 days, with 3 additional units planned under contract modification JIATF-401 Validation and US$500M IDIQ Ceiling P R O D U C T V A L I D A T I O N Operational validation and enhanced procurement access strengthen DroneShield's position in the U.S. counter-drone market ▪ JIATF-401 is the U.S. Department of War's primary organisationfocused on rapidly identifying, validating and deploying counter-drone capabilities ▪ DroneShield has supported JIATF-401 requirements through operational evaluations and deliveries throughout 2026 ▪ IDIQ contracts are a streamlined procurement pathway for eligible U.S. agencies to place orders without a new tender process ▪ DroneShield has been awarded an IDIQ procurement vehicle contract1 with a ceiling value of US$500M over 3 years ▪ Validates DroneShield’s technology, operational performance and growing position in the U.S. counter-drone ecosystem following successful fielding of systems under JIATF-401 programs ▪ DroneShield solutions are available and orders received via JIATF-401 C-UAS Marketplace, providing eligible U.S. Government agencies with direct access to DroneShield capabilities, with potential for shorter procurement lead-time and faster in-field deployment ▪ C-UAS Marketplace is also available to Australia, Poland, Romania, South Korea and the United Kingdom2 1. Indefinite Delivery, Indefinite Quantity (IDIQ) US$500M procurement vehicle contract does not guarantee any orders and any amounts cannot be quantified at this time. DroneShield will continue to announce material orders in accordance with its disclosure policies and continuous disclosure ob ligations. 2. JIAFT-401 Drone Defense Marketplace broadens allied access to counter-drone capabilities
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Leading the world in intelligent counter-drone technology 13 03 DroneShield Solutions
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14 T E C H N O L O G Y P O R T F O L I O Proprietary Core Solutions. Modular by Design Echodyne EchoShield RADA ieMHR Robin Radar IRIS Bosch MIC IP Starlight 7100i OpenWorks Vision Flex FLIR Ranger HDC MR UC DroneSentry-C2 DroneSentry-C2 Tactical DroneSentry-C2 Enterprise RfLink Radars Software Optical Sensors RfPatrol Mk2 SentryCiv DroneSentry-X Mk2 (Detect Only) RF Detection DroneGun Mk4 DroneSentry-X Mk2 (Detect & Defeat) RF Defeat Sentrycs RF Detection / Cyber Takeover Squarehead Discovair G2+ Acoustic Novel Sensors Origin Robotics BLAZE Effectors RfRecon AIM Fractl Directed Energy Laser DroneShield SolutionsPartner Solutions ▪ DroneShield’s proprietary RF and software solutions work with a growing field of third-party systems for multi-layered C-UAS ▪ Layering will grow as the ecosystem and counter-drone solution suite expand ▪ Excluding DroneGuns, all DroneShield solutions have access to subscription-based Mission Ready Services NEW GEN DroneShield solutions which have subscription-based revenues DroneShield’s solutions are supported with open interoperable architecture for multi-layered deployment
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15 Initial Next Generation Solutions are in Market N E X T - G E N E R A T I O N S O L U T I O N S RfAI-3 and RfRecon are the starting point of a full product roadmap in DroneShield’s next-generation solutions in 2027 RfAI-3 Platform Unveiled 3rd generation RF intelligence software engine senses emerging threats beyond catalogued signature libraries RfRecon Launched Flagship hardware. First orders received from Tier 1 Western European military end-user. Strong interest into 2027 Production and Revenue Production scaling and delivery of first RfRecon orders with RfAI3 software on track for delivery by the end of 2026 Next-Generation Roadmap Further hardware releases through 2027. RfAI-3 and Mission Ready Services builds with the growing installed base July 2026 August 2026 H2 2026 2027
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16 M I S S I O N R E A D Y S E R V I C E S Converting Shipments to Subscriptions 4,200 Software-Enabled Devices ▪ Currently under a subscription model Software Grade Scalability ▪ Available across current and next-generation products Margin Expansion ▪ Designed to increase higher-margin revenue Recurring Revenue ▪ 1H 2026 up 229% on PCP (before introduction of MRS) Launched 1 October, Mission Ready Services is an updated offering of software updates, eLearning and specialist support delivered through a recurring subscription Mission Ready Services (MRS) includes: ▪ Software Updates Continuous capability releases ▪ Training On-demand learning and certification ▪ Specialist Support Technical triage and accelerated resolution ▪ Access Portal Centralised management of support, training and documentation 2.0% 2.6% 4.9% 5.4% 9.2% FY2022 $0.3M FY2023 $1.4M FY2024 $2.8M FY2025 $11.6M 1H 2026 $11.5M Recurring Revenue as % of Total Revenue ($ value of Recurring Revenue below chart) Mission Ready Services product video
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17 Multi-Layered Solutions in Effect I L L U S T R A T I V E E C O S Y S T E M We work with end-users to define their counter-drone requirements and deliver interoperable, multi-layered solutions tailored to their environment Example configuration. Diagram not to scale. DD: Detect & Defeat
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18 Our Moat: Fielded Systems, Data, Trust and R&D C O M P E T I T I V E P O S I T I O N I N G Fielded Experience Thousands of deployments create operational experience across mission environments, support customer references and contribute to expanding and repeating orders 6,300+ Devices1 fielded globally Data and Software Over a decade of real-world counter-drone experience and engagement data. An advantage that compounds with deployment and time, and one that AI-driven software cannot shortcut 10+ years of proprietary threat data Trusted Markets Five Eyes and NATO-aligned approvals, accreditations and export pathways support distribution access to 70+ countries. Trusted-supplier status is a moat measured in years, not budgets 50 countries Deployed products and solutions Dismounted On-the-Move Fixed Site Command & Control 1. Device numbers include non-software enabled products. 2. R&D spend for FY2025. 1H 2026 R&D spend was $40M Research & Development Engrained in DroneShield’s operations, with dedicated labs and personnel working on solutions across multiple years. Continuous investment in solutions to solve real-word complex problems $70M In annual R&D spend2
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Leading the world in intelligent counter-drone technology 19 04 2026 Highlights
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20 1H 2026 Revenue Contribution R E V E N U E D I V E R S I F I C A T I O N Continued focus on geographic revenue diversification, with advances in recurring subscription and non-military revenue sources By Region By Type By Segment Military 85% Non-Military Government and Commercial 15% Dismounted Hardware 57% Subscriptions 9% On the Move & Fixed Site Hardware 30% Warranties & Services 4% ▪ Deliberate strategy towards software- enabled devices gathering momentum ▪ 4,200 software-enabled devices in the field1 ▪ Recurring revenue in 1H 2026 of $11.5M (up 229% on PCP), 9.2% of revenue (4.9% in PCP) ▪ From a low base, increasing exposure in non-military and commercial markets ▪ Major events (e.g., FIFA 2026) and frequent drone incidents driving interest from airports, critical infrastructure, public safety locations and commercial assets Asia-Pacific 9% United States 17% Europe & UK 52% LATAM, MENA & Other 22% ▪ Reorder and scope expansions strong across UK and Europe ▪ Increasing pace of US contribution from inter-agency procurement panels ▪ Strong prospects rising in Asia-Pacific and LATAM FY2025 By Region: 45% Europe & UK, 14% United States, 15% LATAM, MENA & Other, 26% Asia -Pacific FY2025 By Type: 56% Dismounted Hardware, 35% OTM & Fixed Site Hardware, 5% Subscriptions, 4% Warranties & Services 1. Active device numbers as at 12 October 2026. Reported as 4,100 as at 1H 2026
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21 G R O S S M A R G I N Gross Margin Initiatives There are initiatives in place to strengthen gross margin of DroneShield’s solutions. There is also evidence that multi-layered C-UAS solutions require interoperable third-party products * FY2025 Gross Margin reported as 61%. Adjusted to 65% when adding back $8.5M in Finished Goods inventory impairment relating to earlier model DroneGuns * 1H 2026 Gross Margin impacted by higher third -party product sales mix and ERP and relocation -related inventory impairment DroneShield Solutions ▪ Higher price point of next- generation products ▪ Higher margin in next- generation products ▪ Upgrade to Mission Ready Services (MRS) ▪ More active software- enabled units deployed with higher margin MRS ▪ Enhanced inventory management with ERP system and procurement processes 71% 73% 72% 65% 60% 5% 1% 0% 6% 8% 0% 2% 4% 6% 8% 0% 10% 20% 30% 40% 50% 60% 70% FY2022 FY2023 FY2024 FY2025* 1H 2026* Third Parrty Product % of Total Revenue Gross Margin Gross Margin (LHS) Third Party Product % (RHS)
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22 Standards and PoliciesLeadership and Board ▪ Executive Leadership: Angus Bean as CEO/MD; Rebecca Lowde as CFO (from 2 Nov); Candice Driver as Company Secretary ▪ Board: Hamish McLennan (Chairman), Retired Rear Admiral Lee Goddard CSC, Lynne Saint (from 24 Nov) People and Systems ▪ 519 Employees: ~40 open roles, with considered replacement and focused expansion in sales, commercial support and operations ▪ Systems: Embedding company-wide use of ERP and CRM to support processes, efficiency and scaling ▪ Raising standards: Top-down strengthening of talent with alignment to high standards and capabilities for next phase of growth ▪ Policies and governance: Uplift, education and monitoring across the business Renewed Board. Renewed Leadership. Uplifted Policies Head Office employees comprise Executive, Finance, Legal & HR. Engineering resides in both Tech and Operations. Employee numbers as at 30 September 2026. Compares to 537 as at 30 June 2026. G O V E R N A N C E & P E R S O N N E L An important 6-month period in renewing, focusing and elevating ahead of the next phase of growth Technology (66%) Sales (6%) Operations (17%) Head Office (11%)
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23 Advance commercial growth engine Build the recurring revenue base 5 4 Ship first RfRecon Strengthen gross margin Deliver 2026 and build 2027 revenues1 3 On-track with FY2026 Committed Revenue within outlook range Building FY2027 Committed Revenue Launched RfRecon and Mission Ready Services Growth in FY2027 with pricing and more next-gen product On-track for first deliveries and revenues in FY2026 Growth in FY2027 with end-user interest building Launched MRS with more subscription features Growth from more software-enabled devices deployed Validation through procurement portals and panels Growth in FY2027 through people and partnerships Priorities for Balance of 2026 and Entering 2027 N E A R T E R M P R I O R I T I E S 2
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24 DroneShield Thesis W H Y D R O N E S H I E L D Experienced Leadership Path to Sustained Profitability Next-Generation Solutions Committed Revenue Structural Demand Counter-drone now core, multi-year funded defence spend across NATO and allied markets $261M FY2026 Committed Revenue at midpoint of FY2026 revenue guidance of $250M-$270M, and now building into FY2027 RfAI-3 intelligence and RfRecon are the starting point in a roadmap of next-generation solutions to support growth in 2027 and beyond Revenue growth, gross margin and operational cost management lead to operating age delivering sustained profitability Experienced board and strengthened executives with focus on long- term value for shareholders
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25 Australia Registered Office DroneShield Limited Level 5, 126 Phillip St Sydney NSW 2000 U.S. Office DroneShield LLC 7140-B Farm Station Rd Warrenton, VA 20187, USA European Office DroneShield B.V. Herengracht 420 1017BZ Amsterdam, Netherlands 05 Appendix
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26 Multi-Layered Counter-Drone Ecosystem 1.Small Drones, Big Problems: A First Principles Approach to Countering-UAS by Joint Interagency Task Force 401 (June 2026) A P P E N D I X : C O U N T E R - D R O N E L A Y E R S Counter-drone is a system designed around the end-user, the area of operation and the threat “There is no silver bullet to protect against drones”1 LAYER 1 EW - RF Detect & Defeat DroneShield Flagship Sensors & Effectors DroneShield Solutions LAYER 2 DroneSentry-C2 / C2 Enterprise DroneShield Software Ecosystem LAYER 3 Core Extensions Radars / Optical Sensors / Specific Accessories & Kits LAYER 4 Situational Extensions Cyber / Acoustic / Seismic / Passive Radar / Kinetic Interceptor / Cellular / Satcomm / USV/UGV LAYER 5 Soft Kill & Non-Kinetic Effectors High Power Microwave / Laser LAYER 6 Hard Kill & Munitions Based Remote Weapons Stations / Explosive Interceptor / C-UAS Missile DroneShield & Partner SolutionsNot Offered DroneShield uses open, interoperable architecture End-users tailor solutions to optimise for their needs and environment Currently have 15 interoperable product and solutions partners This layering will grow as the ecosystem and C- UxS solution suite expands
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27 FIFA World Cup 2026TM – Kansas City A P P E N D I X : C A S E S T U D Y DroneShield’s mission: Support public safety and airspace security operations during the FIFA World Cup 2026 in Kansas City ▪ Seven multi-site drone detection deployments, providing persistent airspace awareness ▪ Layered sensing architecture with RF detection, radars, command-and-control and dismounted mitigation ▪ High-profile locations with extensive media coverage ▪ Generated interest for local, state and commercial opportunities across North America ▪ DroneShield is already in discussions for FIFA World Cup 2030 and other major sporting events Kansas City at a Glance1 Drones/unique serial numbers detected across all deployed sites Drones/unique serial numbers detected at sites nearest to World Cup stadium Unauthorised drones seized48 184 82 1. Results based on operations between 16 June and 11 July 2026. Detection numbers are based on drones or unique serial numbe rs. Data sourced from FBI Kansas City Combined stadium & FIFA Fan Festival attendance800k 7 6 Operational deployment sites across Kansas City World Cup matches Image: DroneShield’s drone detections identified several hot spots, enabling law enforcement to have greater airspace awarene ss
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28 1H 2026 Financial Highlights 1. Recurring Revenue includes software, subscriptions and long-term services. 2. Underlying EBITDA is before Individually Significant Items of $15M (see page 27 of 1H 2026 Investor Presentation for further details). 3. Committed Revenue as at 21 August 2026, with comparison as at 27 August 2025. Committed Revenue is the value of hardware, services, warranties and subscriptions delivered and scheduled for delivery within the period, based on confirmed purchase orders. 4. Cash & Term Deposits as at 31 December 2025. A P P E N D I X : F I N A N C I A L H I G H L I G H T S Delivered headline growth with continued investment in next generation product, people and processes 1H 2026 1H 2025 PCP change Commentary Revenue $125.8M $72.3M 74% ▪ Strong top line growth via expanding and repeating orders ▪ Supports FY2026 outlook range of $250M-$270M Recurring Revenue1 % of Revenue $11.5M 9.2% $3.5M 4.9% 229% ▪ 4,100 active software-enabled devices in the field (as at 30 June 2026) ▪ More devices lead to compounding effect for the future Gross Profit Gross Margin $75.5M 60.0% $47.3M 65.3% 60% ▪ 1H impact from inventory impairment and 3rd party product sales ▪ Continue to benchmark business to a 65% blended gross margin Underlying EBITDA2 ($12.4M) $8.0M 256% ▪ Lower gross margin and increased fixed base for scaled operations ▪ Increased Employee, Sales & Marketing, Corporate and Systems costs Committed Revenue3 as at 1H reporting $240.4M $176.3M 36% ▪ 111% of FY2025 Revenue, with 4+ months to run ▪ $43M in Committed Revenue in FY2027 and beyond Cash & Term Deposits $180.0M $210.6M4 $30M ▪ Investment in working capital, R&D and PP&E ▪ Remains debt free
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29 Governments: Unlocking Funding and Regulations A P P E N D I X : C O U N T E R - D R O N E T H E M A T I C S Worldwide acknowledgement of the drone threat has been met with governments unlocking significant funding and regulations Regions with DroneShield employees Countries with DroneShield representation United States ▪ 2027 budget request: US$21B for munitions, C-UAS and advanced capabilities ▪ JIATF-401 C-UAS Marketplace platform with US$900M committed for 2026. DroneShield amongst first to have product on platform ▪ IDIQ Contract: JIATF-401 procurement vehicle for up to US$500M in DroneShield C-UAS product over 3 years ▪ Safer Skies Act opens C-UAS path for 17,500 local and state law enforcement agencies Asia-Pacific ▪ Asia: ASEAN-Australia Counter-Terrorism Practical Exchange conference. Drones are seen as a leading threat to crowded spaces, vulnerable targets and critical infrastructure ▪ Australia: Integrated Investment Program: Up to A$7B allocated over 10 years for C-UAS and missile defence, with ~A$1.5B for C-UAS LATAM, MENA, Other ▪ LATAM: Renewed & increasing political focus on narco-cartels ▪ MENA: Meaningful enquiries in response to conflict, across both military and non-military markets Europe & UK ▪ NATO commitment for US$40B in counter-drone capabilities over next 5 years ▪ UK committed £790M to integrated air, drone and missile defence ▪ Increasing inbound interest for non-military applications ▪ Opportunities across the continent ▪ Awaiting down-selection decision in H2 2026 on COBBS-Anduril-Nokia consortium
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30 Commercial: The Imperative Beyond the Battlefield A P P E N D I X : C O U N T E R - D R O N E T H E M A T I C S Escalating and recurring incidents across public safety, critical infrastructure and commercial settings Commercial Drone Threats 100+ Airport drone reports every month in the U.S. 3,000+ Drone incidents near U.S. airports 1,712 Prison drone incidents in England & Wales in 2024/25 up 43% YoY 27,000+ Drones detected near the U.S. southern border“if there is one threat that keeps me up at night, it is from drones” Jessica Tisch, NYPD Police Commissioner (February 2026) Sources: Correctional Service Canada, Counter-UAS Sandbox (Nov 2024); Los Angeles Times, Jan 9, 2025; U.S. Department of Justice, June 16, 2026; Federal Aviation Administration, UAS Sightings Report, Jun 2026; Reuters, Jul 22, 2025; UK Ministry of Justice/HMPPS Annual Digest 2024/25; FBI Statement to Senate Judiciary Committee, Jul 29, 2025; Japanese Joint-Use Airport Latest to Face Drone-Related Disruptions December 2024 Report; Ministry of Land, Infrastructure and Transport (Korea), 2024; ACT Police Media Release, Sep 29, 2025
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31 Glossary of Terms A P P E N D I X : G L O S S A R Y Key acronyms used in the drone and counter-drone ecosystem BVLOS Beyond Visual Line of Sight C2 Command-and-Control (software and interface) C-UAS Counter Unmanned Aerial Systems C-UxS Counter Unmanned Systems DD Detect and Defeat DECO Defence Export Control Office (Australia) EO/IR Electro-Optical/Infrared EW Electronic Warfare FPV First Person View GNSS Global Navigation Satellite Systems HPM High-Powered Microwave IDIQ Indefinite Delivery, Indefinite Quantity IRK Immediate Response Kit ITAR International Traffic in Arms Regulations (U.S.) JIATF-401 Joint Interagency Task Force 401 OTM On The Move RF Radio Frequency RfAI Radio Frequency Artificial Intelligence sUAS Small Unmanned Aircraft Systems UAS Unmanned Aerial Systems UGVs Unmanned Ground Vehicles USVs Unmanned Surface Vehicles VLOS Visual Line of Sight