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DRONESHIELD Counter - Drone Solutions Al - Powered , Field - Proven , Deployed Globally Presentation to Canaccord Genuity Growth Conference August 2026 DRONESHIELD.COM 1
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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). 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 in this presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Not an offer This presentation is for information purposes only and does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction. Not investment advice This presentation is for information purposes and does not constitute investment or financial product advice (nor taxation, accounting, or legal advice), is not a recommendation to acquire or dispose of DroneShield's shares or other securities and is not intended to be used or relied upon as the basis for making an investment decision. In preparing and providing this presentation, the Company has not considered the investment objectives, financial position or needs of any particular recipients. Future performance This presentation may contain 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. 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. 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. 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. 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. Acceptance By attending an investor presentation or briefing, or accepting, accessing, or reviewing this presentation, you acknowledge and agree to the terms set out in this 'Important Notices and Disclaimer'.
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3 The World Has a Drone Problem. We Solve It Our Position ▪ DroneShield is the global leader in counter-drone technology ▪ Representation in 70+ countries: Tier 1 militaries, government agencies, law enforcement, and critical infrastructure operators ▪ Deployed across conflict zones, airports, prisons, utilities, public safety operations, and major events Our Mission – Lead the world in reliable, operationally effective, and scalable counter-drone solutions. Protecting the people, places, and assets that matter. Our Approach – Integrated detection, identification, and defeat. Multi-technology sensing, AI-driven classification, electronic warfare, delivered in multi-mission platforms. Our Edge – Thousands of deployments. A decade of operational experience. Unique, real- world threat datasets built from global environments. Operationally proven platforms refined against real adversaries. A lead that compounds every year.
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4 Multi-Layered Counter-UxS Ecosystem C-UxS is not a product. It's a system designed around the end-user, the area of operation, and the threat “There is no silver bullet to protect against drones”* LAYER 1 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 & Kinetic Effectors Remote Weapons Stations / Explosive Interceptor / C-UAS Missile DroneShield & Partner SolutionsNot Offered Source: Small Drones, Big Problems: A First Principles Approach to Countering-UAS by Joint Interagency Task Force 401 (June 2026) Next- generation product launches commence 3Q 2026 through 2027
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5 DroneSentry-X Mk2 Hardware Wins the Deal. Software Compounds the Value *Bolded product names indicate products requiring software updates and associated subscription revenues. DroneSentry-C2 Enterprise DroneSentry-C2 (Cloud / On-Prem) Dismounted On-the-Move Fixed Site RF Sensors and Effectors DroneGun Mk4 RfPatrol Mk2 SentryCiv Radars EchoGuard Vision FlexEchoShield IRIS Starlight 7100i Optical Sensors Ranger HDC MR Sentrycs Discovair G2+ Situational BLAZE ▪ C2 offers automated situational awareness, monitoring and threat response with real- time alerts, analytics and reporting operating system ▪ Recurring revenue is building via quarterly software updates*, services and support Sensors & Effectors Command-and- Control (C2) Enterprise Architecture Deployment Scenarios AI-powered data enrichment for rapid awareness and response RfAI-3 and RfRecon are the start of DroneShield’s next- gen C-UxS solutions being launched over the next 18 months Every deployed sensor becomes more valuable when connected through DroneSentry-C2, increasing platform stickiness and customer retention ▪ ~5,800 units deployed ▪ ~4,000 software enabled units* with updates via DroneShield’s Access Portal
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6 Multi-Layered Solutions in Effect 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.
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7 RfAI-3: The Shift From Recognition to Intelligence ▪ DroneShield’s RF detection capabilities have long provided industry-leading identification of known drone technologies ▪ As drone threats continue to evolve, operators increasingly face RF activity they have never encountered before ▪ Using advanced artificial intelligence, RfAI-3 analyses the physical characteristics of RF transmissions to generate intelligent classifications of both known and previously unseen drone activity ▪ RfAI-3 is a significant evolution in counter-drone doctrine, with ultra-broadband detection which: ▪ Provides operators with deeper RF intelligence ▪ Reduces uncertainty when confronting unfamiliar signals ▪ Enables faster, more confident operational decisions in rapidly changing spectrum environments ▪ Specifically designed for DroneShield's next-generation hardware platforms being introduced in 2026 and 2027 Deploys adaptive AI for next-generation sensing, beyond the signatures of existing RF libraries
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8 RfRecon: The First of the Next-Generation Principles ▪ Combines RF sensing with adaptive AI capable of recognising both known and previously unseen drone signals in real time ▪ AI is now integral to detection, classification and situational awareness, creating a foundation for future AI-enabled counter-drone capabilities ▪ Rather than relying solely on predefined signal libraries, the system continuously adapts as the RF environment evolves Features ▪ Ultra-wideband RF awareness ▪ Known and previously unseen signal detection ▪ Precision direction finding ▪ Versatile mission-sets: dismounted, vehicle mounted, fixed site Powered by RfAI-3, RfRecon is the beginning of a new generation of adaptive AI for RF sensing
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9 Illustrative Growth in Military End-User Case Study ▪ Long-standing partnership with a distributor to provide solutions to a leading Western European military end-user ▪ In-field usage, long-term efficacy, and product innovation translates to an acceleration in engagement, with an increasing pace in repeat and expanding orders ▪ The Ukraine conflict commenced in Year 4, creating significant awareness and demand for C-UAS, noting that this end- user is not involved in this conflict ▪ The velocity and ramp-up with newer end-users has accelerated, meaning larger orders are secured at a fast rate ▪ Over time, order product mix expands with more scope for layered-solutions and wider network coverage Cumulative Order Value of Western European Military End-User Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 DroneShield’s consistency with proven solutions ultimately results in strong growth with its end-users, and a leading reputation in the market Year 1 – 2 Last 24 months Individual Orders: $40,000 to $80,000 $1.2M to $3.6M Annual Orders: 3 or 4 6 to 11 Case study is illustrative based on the actual order history of a single end -user. Each end-user has a different order pattern a nd will not necessarily follow the same trajectory.
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10 Mission Critical Need for Counter-Drone Solutions DIRECT ▪ 30+ sales personnel in 7 countries to service core markets ▪ Support end-users, partners and distributors in nearby regions ▪ Expanding team in coming periods PARTNERS ▪ Growing network of leading partnerships with interoperable third-party products and solutions ▪ DroneShield is core to multi-layered solutions ▪ Adding more ‘best-of-breed’ capabilities DISTRIBUTORS ▪ Representation in 70+ countries ▪ Provides in-country relationships and local regulatory knowledge ▪ Enhancing distributor network to support both market segments Special Forces Army Air Force Navy Federal Agencies Law Enforcement Transportation Public Safety Critical Infrastructure Commercial Specialist Situations ▪ High urgency for C-UxS solutions ▪ Longer, complex tender processes ▪ Federal or central government funded ▪ Larger, long-term programs ▪ Quickly developing C-UxS market ▪ Faster procurement process ▪ Local or commercially funded ▪ Smaller, more frequent orders MILITARY & GOVERNMENT (US$35B TAM) LOCAL & COMMERCIAL (US$28B TAM) Total Addressable Market (TAM) www.droneshield.com/counterdrone-market (October 2025) Segments are significant, with each supported by multi-channel tailored Go-To-Market Strategy
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11 C-UxS Thematics and Developments: Funding Worldwide acknowledgement of the drone threat, goes well beyond the battlefield and spans government and commercial sectors, with unlocking in regulations and significant funding Regions with DroneShield employees Countries with DroneShield representation USA ▪ 2027 budget request: US$21B for munitions, C-UAS and advanced capabilities ▪ JIATF401 Streamlining C-UAS acquisition with US$900M committed for 2026, with DroneShield on JIATF-401 C- UAS Marketplace platform ▪ Safer Skies Act unlocks 17,500 local and state law enforcement agencies Asia-Pacific ▪ 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 ▪ Asia: ASEAN-Australia Counter-Terrorism Practical Exchange conference sees drones as the leading threat to protect crowded spaces, vulnerable targets and critical infrastructure LATAM, MENA, Other ▪ LATAM: Renewed & increasing focus on narco-cartels ▪ MENA: Meaningful enquiries in response to conflict, across both military & non-military arena Europe & UK ▪ €800B Re-Arm Europe Plan / Defence Readiness Roadmap 2030 ▪ NATO commitment for US$40B in counter-drone capabilities over next 5 years ▪ UK committed £790 million to integrated air, drone and missile defence ▪ Increasing inbound interest for non-military applications ▪ Working in close partnership with COBBS-Anduril-Nokia on significant opportunity
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12 Commercial Drone Threats by Numbers C-UxS Thematics and Developments: Commercial Beyond the battlefield, the counter-drone imperative is growing with escalating incidents in public safety, critical infrastructure and broader commercial settings 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 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 Commercial demand is evolving into a long-term growth market alongside defence, creating recurring opportunities across aviation, critical infrastructure, public safety, corrections, and major events. “if there is one threat that keeps me up at night, it is from drones” Jessica Tisch, NYPD Police Commissioner (February 2026)
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13 Record Results in FY2025 and Building into FY2026 FY2025 was a pivotal year reflecting the strength of DroneShield’s offering, the growing global appetite for its solutions, and its position as the technology leader in C-UxS FY2026 Committed Revenue as at 28 July 2026. Committed Revenue is the value of hardware, services, warranties and subscriptions scheduled for delivery within the period, based on confirmed purchase orders. Recurring Revenue % is based on FY Revenue, on FY2026 committed revenue the rate is ~13%. FY2025 Underlying Key Metrics before Individually Significant Items (refer to CEO 2026 AGM Presentation 29 May 2026). Cash balance as at 31 March 2026 was $223M (no debt). FY2025 Revenue by Region FY2025 Revenue by Type United States 14% Europe & UK 45% LATAM, MENA & Other 15% Asia-Pacific 26% Dismounted Hardware 56% Subscription 5% On The Move & Fixed Site Hardware 35% Warranties & Services 4% Key Metrics ($M) FY2025 FY2024 Change Revenue 216.5 57.5 276% Underlying Gross Profit 140.3 41.2 240% Underlying EBITDA 36.5 (4.0) 1,013% Underlying PBT 33.3 (2.1) 1,686% Profit/(loss) after income tax 3.5 (1.3) 367% Operating cash flow 15.9 (62.6) 126% Cash & term deposits (no debt) 209.5 219.5 (4%) Revenue ($M) 126 81 10 17 54 58 217 2% 2% 3% 5% 7% 11% 0% 2% 4% 6% 8% 10% 2021 2022 2023 2024 2025 2026 FY Revenue Committed Revenue FY2026 FY2026 Outlook Range Recurring Revenue % 250-270 +91% +61% +222% +6% +276% +15-25% YoY Growth
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14 1H Trading Update & Outlook After 7 months, FY2026 Committed Revenue is already at $206M, which is 95% of the record revenue achieved in FY2025. FY2026 Committed Revenue as at 28 July 2026. Committed Revenue is the value of hardware, services, warranties and subscriptions scheduled for delivery within the period, based on confirmed purchase orders. Recurring Revenue includes software, subscriptions and long-term services. Outlook and associated statements are predicated on the Company’s current assessment of the profile of key external factors that will impact the Company’s financial performance, including economic conditions and geopolitical considerations. Material Contract Announcement amounts includes portion which may form part of Committed Revenue in FY2027 and beyond. 93 104 140 155 161 206 1-Jan-26 31-Mar-26 26-May-26 28-Jul-26 FY2026 Committed Revenue Progression since 1 January 2026 ($M) FY2026 Revenue Outlook: $250M to $270M 15% to 25% higher than FY2025 Material Contract Announcements - 26-Feb: $21.7M - 2-Jun: $19.3M + $5.6M in options - 28-Jul: $23.2M Revenue ▪ 1H 2026: $125.8M, up 74% on PCP with $14.2M (11.3%) from Recurring Revenue ▪ FY2026 Committed Revenue: $206M (~13% Recurring Revenue). 95% of FY2025, with 5 months to run in year ▪ FY2026 Outlook: $250M to $270M, 15% to 25% growth on FY2025 Gross Margin ▪ 1H 2026: Estimated at 60% (compares to 65% PCP), due to sales mix, currency movements and raw material impairment (identified in facility move and ERP transition) ▪ 2H 2026: Blending up from recurring revenue and initial sales of next generation solutions ▪ Company targets a blended Gross Margin ~65% FY2027 & Beyond ▪ $26M in Committed Revenue and growing, with mix of hardware, software, added services and warranty income
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15 2. Activate Next Generation C-UxS Capabilities ▪ Delivering a range of platforms and solutions to address the threats of the future ▪ Deploying “whole of lifecycle” C-UxS solutions and services as a strategic capability partner to end users ▪ Strategic technology-focused M&A based on alignment in vision and solution eco-system Strategic Priorities for Sustainable Growth Compounding our lead: wider reach, deeper capability, broader markets 1. Accelerate Global Operational Reach ▪ Scaled regional headquarters across the United States and Europe ▪ Expanded headcount and locations of commercial team ▪ Regional commercial and operations hubs across Asia, the Middle East and LATAM ▪ Regional manufacturing in core markets 3. Expand and Diversify Markets and End-Users ▪ Deep presence across both military and non-military markets ▪ Rich multi-channel go-to-market via partnerships with Primes, regional distributors and direct to end-users ▪ Diversification across end-users, geographies and solutions Credit: AAP Image/Ritzau
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16 Board Composition A considered evolution of the Board, with varied skills to support the next stage of growth Director since May 2026 Background: Tech, media & marketing, growth companies, corporate governance ASX Roles: REA Group (Chair), ARN Media (Chair), Light & Wonder Director since April 2026 Joined 2016 as employee #7. Prior roles include Chief Technology Officer and Chief Product Officer Director since 2024 Background: Investment banking, equity capital markets, legal ASX Roles: National Storage REIT (former) Angus Bean Chief Executive Officer & Managing Director Hamish McLennan Independent Non-Executive Chairman Simone Haslinger Independent Non-Executive Director Director since 2020 Background: Retail, services, logistics and outsourcing Director since July 2026 Background: Retired Rear Admiral, defence, national security, Government and industry ASX Roles: Austal Limited Director since 2024 Background: Technology, strategy and rapid scaling globally Lee Goddard CSC Independent Non-Executive Director Jethro Marks Independent Non-Executive Director Richard Joffe Independent Non-Executive Director
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17 Seasoned Leadership with Deep Subject Matter Experience Angus Bean – CEO & Managing Director Carla Balanco – CFO & Joint Company Secretary Louis Gamarra – Chief Commercial Officer Michael Powell – Chief Operating Officer Angus Harris – Chief Technology Officer Paul Cenoz – General Counsel & Joint Company Secretary Sasha Biskup – Chief Information Security Officer Tom Branstetter – Vice President, Business Development & Sales Lauren Ratcliffe – Head of People and Performance Joshua Bolot – Director of Investor Relations & Strategy Logos represent a selection of prior experience positions held by members of the leadership team Melanie Carasso – Chief of Staff
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18 The Evolution of a Global Company Based in Australia Founded in U.S. Two U.S. scientists develop acoustic drone detection Australian incorporation Corporate formation IPO on ASX $7M raised on $20M valuation Product range expansion Addition of RF, radar, camera & software capabilities. Used at Winter Olympics & Commonwealth Games 2014 20262016 2018 2020 2022 2024 Product release DroneGun debut at World Economic Forum U.S operating subsidiary U.S. presence to service market Ukraine war and >40 countries Global deployments incl. use in Ukraine war. Sales team builds out diverse user base Positive cash flow Record sales $216M. Enter S&P/ASX200 U.S. and EU expansion Major contract wins. Enter ASX AllOrds and then S&P/ASX300 ~500 employees Sales scale to $54M. Major R&D investment Employees Employees by Location by Function* Australia 91% United States 6% Rest of World 3% *Head Office comprises Executive, Finance, Legal & HR. Engineering resides in both Tech and Operations. Head Office 10% Operations 20% Sales 4% Tech 66%
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19 Competitive Differentiators Over 10 years of in-field deployment LONGEVITY Users and partners in over 70 countries GLOBAL PRESENCE Largest real-world dataset for C-UxS solutions DATA & AI ADVANTAGE Expanding scopes and repeat orders MOMENTUM $70M R&D spend with 350+ engineers R&D INVESTMENT Increasing mix of solutions, segments & regions DIVERSIFICATION Largest known operational C-UxS dataset based on global deployment footprint; R&D spend is annual spend based on FY2026 CapabilityExperience Expansion
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Counter-Drone Solutions 20 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