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1 1 November 2025 North America’s Trusted Leader in Secure, Autonomous Drone Solutions CORPORATE PRESENTATION I N V E S T O R . R E L A T I O N S @ D R A G A N F L Y. C O M D R A G A N F L Y. C O M
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This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities of Draganfly, Inc. (the “Company”) in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No securities commission or similar authority of the United States, Canada, or any other jurisdiction has reviewed or in any way passed upon this presentation or the merits of the securities described herein, and any representation to the contrary is an offence. This presentation does not contain all of the information that would normally appear in a prospectus or registration statement under applicable Canadian or United States securities laws. Readers should not construe the contents of this presentation as investment, legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisers in relation to such matters. The Company does not make any representation or warranty (express or implied) as to the accuracy or completeness of the information in this presentation. Except as may be required by applicable law, the Company expressly disclaims any obligation to update any of the information contained herein or to inform readers of any matters of which it becomes aware that may affect any matter referred to in this presentation. Certain information in this presentation is based on management estimates. Such estimates have been made in good faith and represent the current beliefs of management. Management believes that such estimates are founded on reasonable grounds. However, by their nature, estimates may not be correct or complete. Accordingly, no representation or warranty (express or implied) is given that such estimates are correct or complete. Market data and certain industry data and forecasts included in this presentation were obtained from internal company surveys, market research, publicly available information, reports of governmental agencies and industry publications and surveys. Where this presentation quotes any information or data from any third-party source, it should not be interpreted that the Company has adopted or endorsed such information or data as being accurate. The Company has not independently verified any of such information from third-party sources or any underlying assumptions. Accordingly, the Company makes no representation or warranty (express or implied) on the fairness, accuracy, completeness or correctness of any such third-party information. Certain statements contained in this presentation, other than statements of fact that are independently verifiable at the date hereof, may constitute “forward-looking information” within the meaning of Canadian securities legislation and “forward looking statements” within the meaning of US securities legislation “(selectively”forward-statements”). Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” “projects,” “plans,” and similar expressions. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown, many of which are beyond the Company’s control. Such risks factors include but are not limited to: business risks, market risks, and risks associated with micro-cap companies. Consequently, actual future results and events may differ materially from the anticipated results and events expressed in the forward-looking statements. The Company believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this presentation. These forward-looking statements speak only as of the date made, and the Company is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable legislation or regulation. 22
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3 THE GLOBAL DRONE MARKET SOURCE: 1. “As Chinese drones dominate in police use, security experts urge caution.” by Paul Goldenberg and Michael Gips. November 13, 2024 2. “Commercial Drone Market Size” Report ID: FBI102171. April 7, 2025 3. “AUVSI Statement on House Passage of FAA Read 1. 2. 3.
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THE INDUSTRY NEEDS MORE THAN A ONE-TO-ONE REPLACEMENT 44 Agencies today need more: Platforms that can evolve with the mission — from surveillance, communications, analysis, tactical response, emergency ops., joint command response. Draganfly delivers integrated, NDAA-compliant UAV capabilities designed for real-world complexity, not just hardware parity. Built in North America. Trusted by Military, Public Safety & Critical Infrastructure. Ready for what’s next. 80% of public safety drones are foreign-made — and increasingly restricted. The markt still lacks secure, North American-built systems that are truly mission-ready. Legacy drones were convenient — but not built for what’s next: Single-use functionality Outdated security standards Limited adaptability
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First drone to save a human life. On permanent display in Smithsonian Large Patent Portfolio Fully integrated multiple drone product line - full stack hardware, software, AI Services NDAA-compliant platforms Full portfolio of operational deployments across military, public safety, healthcare, agriculture, and environmental sectors 25 YEARS OF INNOVATION BATTLEFIELD-TESTED. MADE IN NORTH AMERICA. 5
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6 66 A RARE FULL-STACK, COMPLIANT DRONE COMPANY
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7 77 HIGH-GROWTH, HIGH-IMPACT VERTICALS Military ● Tactical Delivery ● Surveillance & Reconnaissance ● Border Patrol ● Force Protection ● Damage Assessment Medical Logistics Agriculture Emergency Response Law Enforcement Commercial ● Delivery of Medical Supplies ● Prescription Transport ● Critical Sample Transport (blood, labs etc) ● Rural & Remote Access Support ● Disaster Relief Medical Drops ● Drone as First Responder (DFR) ● Tactical Situational Awareness ● Crowd Monitoring & Event Security ● Evidence Capture (thermal + RBG) ● Emergency Payload Delivery (Narcan, AED, etc) ● Industrial Inspection (utilities, powerlines, pipelines) ● LiDAR Mapping & Surveying ● Security Patrol & Facility Monitoring ● Construction Progress Monitoring ● Delivery Operations (parts, tools, critical supplies) ● Wildfire Response ● Landmine Detection ● Flood Mapping & Damage Assessment ● Search & Rescue (thermal, loudspeaker, spotlight) ● Payload Delivery in Disaster Zones ● Precision Agriculture ● Crop Health Monitoring ● Livestock Monitoring
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8 PROVEN IN CRITICAL ENVIRONMENTS Ukraine: SAR, landmine detection, medical delivery Mass General: Home Hospital delivery research Agtegrity: Agricultural drone deployments in California MassDOT: Emergency delivery simulation for wildfire scenarios 88
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9 Meticulously crafted to meet the exacting standards of Government and Defense tactical operations, NDAA Compliant Flex FPV System is engineered in three distinct sizes, each boasting quick-exchange assemblies in 4”, 7”, and 10” configurations. With a dynamic flight range and payload capacity spanning from 550 grams to 3 kilograms, and a top speed of 90 mph, the Flex FPV System seamlessly adapts to diverse mission needs. FLEX FPV 9 The Apex integrates one of the world’s most advanced autopilot systems offering triple redundant IMU for safety and reliability. Manufactured in America, the Cube is Blue UAS certified for government and military applications Apex supports multiple configurations with onboard edge computing capabilities and powerful long-range radios featuring advanced security that support a variety of missions. APEX UAV market projected to hit $51.4 Commander 3 XL is a high-endurance, weather resistant, heavy-duty industrial UAV designed to enhance deliveries and flight times, able to effectively carry 10 kilograms (22 lbs) for approximately 20 minutes. The Commander 3 XL Drone supports automated and manual flight operations, making it the ideal choice for industry leaders across a variety of major markets including public safety and agriculture. COMMANDER 3XL The Draganfly Heavy Lift Drone is a versatile, multi-rotor unmanned aerial vehicle (UAV), designed to enhance deliveries and flight times. Compatible with a variety of interchangeable payloads, this heavy-duty drone can carry more and fly longer. The Draganfly Heavy Lift Drone has a payload/cargo lift capacity of 30kg (67lbs) and up to 55 minutes of flight time. Designed and manufactured in North America. HEAVY LIFT DRONE PRODUCTS
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10 FINANCIAL HIGHLIGHTS Financial Results 2025 Q3 2025 Q2 2024 Q3 Revenues $ 2,155,993 $ 2,115,255 $ 1,885,322 Cost of sales(2) $ (1,735,046) $ (1,610,663) $ (1,444,542) Gross profit(3) $ 420,947 $ 504,592 $ 440,780 Gross margin – percentage 19.5% 19.5% 23.4% Operating expenses $ (5,346,776) $ (4,974,316) $ (4,125,078) Operating income (loss) $ (4,925,829) $ (4,469,724) $ (3,684,298) Operating loss per share - basic $ (0.24) $ (0.57) $ (1.10) Operating loss per share - diluted $ (0.24) $ (0.57) $ (1.10) Other income (expense) $ (243,968) $ (292,437) $ 3,484,104 Change in fair value of derivative liability(1) $ (1,837,618) $ (180,318) $ 3,575,559 Other comprehensive income (loss) $ (255,207) $ 12,526 $ (164,355) Comprehensive income/loss $ (5,425,004) $ (4,749,634) $ (364,549) Comprehensive income (loss) per share - basic $ (0.26) $ (0.60) $ (0.11) Comprehensive income (loss) per share - diluted $ (0.26) $ (0.60) $ (0.11) 1. Included in other income (expense). 2. Cost of goods sold includes non-cash inventory write downs of $10,421 in Q2 2025 and a write down of $43,337 in Q3 2025 and would have been $1,600,242 in Q2 2025 and $1,691,709 in Q3 2025 before these recoveries. 3. Gross profit would have been $515,013 in Q2 2025 and $464,284 in Q3 2025 without the write downs in number 2 above. 4. Cost of goods sold includes a write down of $176,422 in Q3 2024 and would have been $1,268,120 in Q3 2024 before this write down. 5. Gross profit would have been $617,202 in Q3 2024, without the write down in number 4 above. 1010
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11 FINANCIAL HIGHLIGHTS Financial Results Revenues Comprehensive Income / (Loss) Q3 2024 $2,115,255 ($4,749,634)*2 Q2 2025 FY 2024 1: The comprehensive income (loss) for the three months ended September 30, 2025, includes non-cash changes comprised of a change in fair value of derivative liability of $1,837,618, a write down of inventory of $43,337, and an impairment gain on notes receivable of $35,461 and would otherwise be a comprehensive loss of $3,579,510. 2: The comprehensive loss for the three months ended June 30, 2025, includes non-cash changes comprised of a change in fair value of derivative liability of $180,318, a write down of inventory of $10,421, and a recovery of notes receivable of $8,233 and would otherwise be a comprehensive loss of $4,567,128. 3: The comprehensive income (loss) for the three months ended September 30, 2024, includes non-cash changes comprised of a change in fair value of derivative liability of $(3,575,559), a write down of inventory of $176,422, and an impairment gain on notes receivable of $7,564 and would otherwise have been a comprehensive loss of $3,771,250. *4 The comprehensive loss for the year ended December 31, 2024, includes non-cash changes comprised of a gain in fair value of derivative liability of $1,842,618, a recovery on impairment for notes receivable of $40,020, a write down of inventory of $627,105, and an expense for goodwill and intangibles impairment of $nil and would otherwise be a loss of $15,318,067. *5 The comprehensive loss the for the year ended December 31, 2023, includes non-cash changes comprised of a gain in fair value of derivative liability of $211,110, an expense on impairment for notes receivable of $101,351, a write down of inventory of $331,671, and an expense for intangibles impairment of $87,415 and would otherwise be a loss of $23,400,524. In Canadian $ Balance Sheet Cash $69,881,348 Q3 2025 In Canadian $ $1,885,322 ($364,549)*3 $6,561,055 ($14,062,534)*4 $2,155,993 ($5,425,004)*1 Q3 2025 FY 2023 $6,554,842 ($23,709,851)*5 11
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12 12 FINANCIAL HIGHLIGHTS Fully Diluted Capitalization Basic Shares Outstanding (as at Sept 30, 2025) 23,261,012 Warrants (as at Sept 30, 2025) WAEP [$5.01] 10,593,660 Options (as at Sept 30, 2025) WAEP [$111.12] 23,858 Restricted Share Units (as at Sept 30, 2025) 495,698 Total Fully Diluted Shares 34,374,228
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13 ● Opened Tampa facility near U.S. defense corridor to expand defense and homeland security partnerships ● FAA & Transport Canada BVLOS certifications, enabling advanced operational approvals ● Successful demonstration of medical drone delivery with MassDOT in emergency response simulation ● Proof-of-concept drone delivery program with Mass General Brigham for Home Hospital model ● Ukraine deployment: tactical delivery, landmine detection, SAR, and pilot training with Ministry of Interior MILESTONES THAT MATTER ● Draganfly Demonstrates Integrated Tactical Strike System at Invite-Only Pentagon Event ● Draganfly Secures Strategic Military Order for Commander 3XL UAV Systems ● Draganfly’s Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives ● Draganfly’s Commander 3XL Integrated with TB2 Aerospace’s DROPS System Achieves 100% Success Rate During U.S. Army’s SMEX25 Operational Trials 1313
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LEADERSHIP TEAM Cameron has been a technology entrepreneur for more than 30 years and has spent his career growing a diverse collection of high-potential ideas into revolutionary companies that have changed the way we experience the world. Cameron takes a hands-on leadership role in projects, infusing innovation and adoption with the operational principles of clarity, alignment, and measurement into the culture of every team he works with. Cameron Chell C E O / P R E S I D E N T / D I R E C T O R Over the last 15 years, Paul has been responsible for operational strategy and execution with a scope that includes product expansion, mergers and acquisition, organizational development, and go-to-market oversight for both enterprise-level and start-up organizations. Paul brings a willingness to nurture bold ideas and a track record of connecting and developing diverse teams. Highly motivated by innovation, he thrives in the development and pursuit of next-generation strategic objectives. Paul Mullen C H I E F O P E R A T I N G O F F I C E R Paul is a capital markets professional and trained engineer with over 25 years of business experience. He has held senior roles at investment banks including Scotia Capital, Desjardins, and Beacon Securities. Paul has provided financial solutions for a wide range of companies from small start-ups to billion-dollar market-cap organizations and has been involved in numerous transactions across the entire capital structure. He has also held project and senior operations management positions at a number of private and publicly traded companies. Paul Sun C H I E F F I N A N C I A L O F F I C E R Deborah has over 30 years of experience in business and in law. She is known as a pragmatic, energetic, no-nonsense business partner and executive, with outstanding leadership, operations and relationship management skills. Most recently she was the Chief Information Officer at CMHC, where she also held the role of the Chief Legal Officer. Prior to that she was General Counsel at Aimia (Aeroplan). Deborah started her law career at Davies Ward Phillips & Vineberg LLP. Deborah R. Greenberg C H I E F L E G A L O F F I C E R 14
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BOARD OF DIRECTORS 15 Scott brings over 25 years of combined corporate finance, technology development and entrepreneurial experience to the Board. Currently CEO of SpaceAlpha Insights, a Vancouver-based newspace company building out the world’s premier commercial synthetic aperture radar satellite constellation. Scott was CEO and co-founder of Helios Wire, a satellite company building out a space-enabled IoT/M2M network, and was CEO and co-founder of UrtheCast. Scott helped scale UrtheCast from its inception, taking it public on the TSE. Scott Larson BOARD CHAIR Thomas B. Modly, who served as the Acting Secretary of the Navy and the 33rd Under Secretary of the Navy, brings unparalleled expertise in leadership and business operations within the Department of the Navy, along with decades of prior business, government, and strategy experience. Throughout his tenure in government, Mr. Modly focused on increasing the agility and accountability of the Department of Defense, with a particular emphasis on advanced education and the installation of a culture of continuous learning across Navy and Marine Corps forces. Thomas B. Modly DIRECTOR Chris Miller is a distinguished national security leader with decades of experience in defense, intelligence, and counterterrorism. As the former Acting U.S. Secretary of Defense, he oversaw critical military operations and policy initiatives. He has also held senior roles at the National Security Council and U.S. Special Operations Command. Now joining Draganfly’s Board, Miller will help drive the company’s strategic growth in government, defense, and aerospace sectors, reinforcing its commitment to cutting-edge, American-made drone solutions for national security and public safety. Chris Miller DIRECTOR
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16 Tim Dunnigan, a retired U.S. Army Infantry Officer and accomplished technology entrepreneur, is the CEO & President of MMS Products, Inc., a defense technology solutions provider. He is also the Founder of CaptureTec, LLC, a defense consultancy group focused on supporting Warfighters through leadership and innovation. As COO and Co-founder of Talon Aerolytics, Tim led the development of the nation’s largest aerial drone services provider, expanding operations to all 50 states and facilitating digital data collection with AI analysis for national critical infrastructure. Tim Dunnigan DIRECTOR Kim G C Moody FCA, TEP, is a Chartered Accountant, Registered Trust and Estate Practitioner and a tax specialist practicing in Calgary as the CEO / Director Canadian Tax Advisory with Moodys Private Client Law LLP / Moodys Private Client LLP and Moodys Tax (a division of Moodys Private Client Law LLP). Kim also recently branched out through his professional corporation to put more energy into some of his “passion projects” involving public speaking, coaching, leadership studies, taxation policy and economics / public policy. Kim G C Moody DIRECTOR Mr. Silva is a corporate and securities partner at global law firm DLA Piper (Canada) LLP in Vancouver. Mr. Silva has over 15 years of experience in corporate, securities and regulatory legal experience and has acted for a wide variety of companies listed on Canadian and US exchanges, with a focus on technology and mining. Denis holds a BA from University of British Columbia, a graduate degree from Queen’s University and an LLB from University of Windsor. Dennis Silva DIRECTOR BOARD OF DIRECTORS
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MARCH 2025 – CORPORATE PRESENTATION 17 U S & C A N A D A : 1 - 8 0 0 - 9 7 9 - 9 7 9 4 I N T E R N A T I O N A L : 1 - 3 0 6 - 9 5 5 - 9 9 0 7 I N V E S T O R . R E L A T I O N S @ D R A G A N F L Y. C O M D R A G A N F L Y. C O M