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BUILT TO FLY Q1 revenue FY27 September 2026
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2 Disclaimer Investor presentation – Q1 revenue FY27 - September 2026 Before reading this presentation, you acknowledge that you are fully aware of the observations and limitations below: This document was prepared by Figeac Aéro (the “Company”) exclusively for information purposes. The information and opinions contained in this document may be updated, supplemented, revised, reviewed and amended, and the information may be substantially modified. The Company is not under any obligation to update the information contained in this document, and any opinions expressed therein may be amended without prior notice. The information contained in this document has not been submitted for an independent review. No declaration, guarantee or commitment, whether explicit or implicit, is made and cannot be used as the basis of a claim pertaining to the accuracy, completeness or consistency of the information or opinions contained in this document. The Company, its boards and its representatives accept no responsibility for the use of this document or its content, or in relation to this document in any way whatsoever. This document contains information about the Company’s markets as well as its competitive positions, notably the size of its markets. This information is drawn from a number of sources or from estimates made by the Company itself. Investors cannot base their investment decisions on this information. Some of the information contained in this document includes forward-looking statements. These statements are not guarantees as regards the Company’s future performance. This forward-looking information relates to the Company’s future prospects, development and commercial strategy, and is based on an analysis of forecasts of future results and estimations of amounts that cannot yet be determined. By its very nature, forward-looking information entails risks and uncertainties because it relates to events and depends on circumstances that may, or may not, occur in the future. The Company draws your attention to the fact that forward-looking statements do not constitute under any circumstances a guarantee of its future performances and that its actual financial position, results and cash flows, as well as changes in the sector in which the Company operates, may differ significantly from those proposed or suggested in the forward- looking statements contained in this document. Moreover, even if the Company’s financial position, results and cash flows, or the changes in the sector in which the Company operates, prove consistent with the forward-looking information contained in this document, said results or said changes may not be a reliable indication of the Company’s future results or development. The Company does not commit in any way to updating or confirming the expectations or estimates of analysts, or to making public any corrections made to forward-looking information, in order to reflect events or circumstances occurring after the date on which this document was published. This presentation does not constitute an offer of sale or subscription, or a request to place a purchase or subscription order for securities in France, the United States or any other country. Company shares or any other securities may be offered or sold in the United States only after they are registered under the U.S. Securities Act of 1933, as amended, or under an exemption to this registration requirement. No public offering of financial securities will be made in France or abroad prior to the issuance of a prospectus visa by the French Financial Markets Authority pursuant to the provisions of Directive 2003/71/EC, as amended. The Company does not intend to make any kind of share offering in France or another country.
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Highlights
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16 Q1 highlights Highlights Investor presentation – Q1 revenue FY27 - September 2026 21st consecutive quarter of revenue growth Performance perfectly in line with full-year guidance Strong market tailwinds despite geopolitical context Solid sales momentum, poised to accelerate Guidance reiterated Record backlog driven by new business & higher build rates
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Market dynamics
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18 Commercial: air traffic Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 Source: IATA, YTD data as at 31 July 2026, Airbus, Boeing, Embraer, market outlook 2026-2045 - 100,0 200,0 300,0 400,0 - 2,0 4,0 6,0 8,0 10,0 12,0 2019 2020 2021 2022 2023 2024 2025 2026E Milliers Passenger traffic (in RPK tn) Projections 2026-2045 ▪ Passenger: +3.7% – 4.0% pa ▪ Cargo: +3.7% pa ▪ New aircraft demand: c. 42,000 – 44,000 Growth drivers ▪ GDP growth ▪ Middle-class in emerging economies ▪ Increased connectivity ▪ E-commerce growth Narrowbody 79% Widebody & cargo 21% APAC 43% North America 17% Europe 20% ME-Africa 11%Others 9% Cargo traffic (in CTK tn) -65.8% +21.8% +64.9% +36.8% +10.4% +5.3% +2.1% -9.9% +18.8% -8.1% -1.7% +11.3% +3.4% +0.7% 2026 YTD ▪ Passenger +0.6 % ▪ Cargo +4.6 % Traffic back to growth in July Pre-COVID peaks Passenger Cargo
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19 Commercial / Narrowbodies: A320 family Order backlog Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 A220 574 A320 7580 A330 334A350 870 Source: Airbus, data as at 31 July 2026, management estimates 1 Based on current backlog & 2025 delivery data 626 642 446 483 516 571 602 607 326 900 541 654 263 437 770 1675 615 560 743 6056 6068 5885 5839 6093 7197 7210 7163 7580 4000 4500 5000 5500 6000 6500 7000 7500 8000 0 200 400 600 800 1000 1200 1400 1600 1800 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD 2027F 2028F 2029F 2030F Deliveries Net orders Backlog A319 17 A320 1 886 A321 5 677 9,358 Demand steadily outpacing production capacity 2026 YTD deliveries +14% yoy Confirmed target rate : 70-75 / month by 2027 75 thereafter Theoretical backlog duration1 c. 12.5 years
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20 Commercial / Narrowbodies: B737 family Order backlog Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 B737 4 819 B767 12 B787 1 154 B777 702 Source: Boeing, data as at 31 July 2026, management estimates 1 Based on current backlog & 2025 delivery data 561 107 29 245 374 387 260 440 279 624 684675 -51 -511 370 561 883 244 526 243 4675 4517 3977 4102 4289 4785 4769 4855 4819 1000 1500 2000 2500 3000 3500 4000 4500 5000 -600 -400 -200 0 200 400 600 800 1000 1200 1400 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD 2027F 2028F 2029F 2030F Deliveries Net orders Backlog B737-800 2 B737-7 252 B737-8 2 860 B737-9 170 B737-10 1 535 6,687 Demand steadily outpacing production capacity Strong ongoing recovery + 4th production line opened in 2026 2026 YTD deliveries +15% yoy Rate trajectory : 47 / month being stabilized Next targets of 52, then 57, then 63 Theoretical backlog duration1 c. 11.0 years
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21 Commercial / Widebodies: A350 family Order backlog Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 Source: Airbus, data as at 31 July 2026, management estimates 1 Based on current backlog & 2025 delivery data 93 112 59 55 60 64 57 57 32 144 40 32 -11 2 10 281 138 185 72 657 577 507 454 404 621 702 830 870 0 100 200 300 400 500 600 700 800 900 1000 -50 0 50 100 150 200 250 300 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD 2027F 2028F 2029F 2030F Deliveries Orders Backlog A220 574 A320 7580 A330 334A350 870 A350-900 507 A350-1000 256 A350F 107 9,358 Demand strongly outpacing production capacity Growing demand for A350F 2026 YTD deliveries +19% yoy Confirmed target rate : 12 / month by 2028 Theoretical backlog duration1 > 15 years
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22 Commercial: production rates set to increase to new record high Order backlog Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 9 358 53% 6 687 38% 465 2% 1 217 7% Airbus Boeing Embraer COMAC Source: Airbus, Boeing, data as at 31 July 2026, Embraer, data as at 30 June 2026, excluding military aircraft & business jets, COMAC, estimated data as at June 2026, IBA Insight, Forecast International, Avia Solutions, various press outlets, management estimates 0 500 1000 1500 2000 2500 2018 2019 2020 2021 2022 2023 2024 2025 2026F 2027F 2028F 2029F 2030F 17,727 2018 peak production
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24 Commercial: Update on current environment Market dynamics Investor presentation – Q1 revenue FY27 - September 2026 Geopolitical situation ▪ Air passenger already back to growth after moderate slowdown -3.4%, -2.2% & -1.7% in April, May & June, +0.2% in July Up +0.6% YTD ▪ Sustained momentum in new aircraft demand +24% ▪ No major order cancellations Supply chain performance ▪ Increase in aircraft deliveries +12% YTD ▪ Strong growth in new engine deliveries +41% in LEAP deliveries in H1 LEAP & GTF full-year guidance revised upward ▪ Ongoing integration of Spirit Aerosystems in Airbus & Boeing ▪ No significant postponement in production rate transitions Improving supply bottlenecks overall Production ramp-up ongoing Little to no impact on outlook at this stage Record backlogs to absorb any potential reduction in demand
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Q1 revenue FY27
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30 Q1 revenue Q1 revenue FY27 Investor presentation – Q1 revenue FY27 - September 2026 AIRBUS ATLANTIC 32% SAFRAN 24% AIRBUS 14% AIRBUS HELICOPTERS 2% EMBRAER 2% BOMBARDIER 2% MHI 1% LATECOERE 1% MUBEA 1% COLLINS AEROSPACE 1% GKN AEROSPACE 1% SPIRIT AEROSYSTEMS 1% AERNNOVA 1% DASSAULT AVIATION 1% AUBERT & DUVAL 1%KNDS 1% OTHERS 14% Revenue by customer A320 28% A350 20% LEAP 11% A330 4% GLOBAL 7500 3% E2 2% PEARL 700 1% LEGACY 450 1%H225 1% CF34 1% B777 1% GLOBAL 5500 1% OTHERS 26% Revenue by program Q1 2026/27 YTD 2026/27 Breakdown ▪ Aerospace : growth mainly driven by key A350, A320 & 737 programs ▪ Defense & Energy : continued momentum in Defense, moderated by observed delays in Energy 101,9 11,7 0,1 -1,9 111,8 1Q26/27 Aero Defense & Energy FX & scope 1Q25/26 +1.1% +9.7% +11.6% org. +10.4% +12.5% org. Note: figures in million euros, breakdown data based on identifiable revenue across programmes and customer, in relation to year-to-date consolidated revenue 101,9 11,7 0,1 -1,9 111,8 1Q26/27 Aero Defense & Energy FX & scope 1Q25/26 +1.1% +9.7% +11.6% org. +10.4% +12.5% org.
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39 Update on USD hedging Q1 revenue FY27 Investor presentation – Q1 revenue FY27 - September 2026 94% 32% 1,1532 1,1513 FY2026/27 FY2027/28 EUR/USD % hedged Hedged rate
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41 Sales momentum Q1 revenue FY27 Investor presentation – Q1 revenue FY27 - September 2026 3 15 11 4 33 6 25 12 4 48 FY23/24 FY24/25 FY25/26 FY26/27 YTD Since launch Number of awards Expected FY28 revenue (€m) Commercial 89% Defense 11% A320 31% B737 25% A350 3% A220 9% Business jets 17% Military 11% Multi-platform 4% France 40% North America 38% North Africa 22% Highlights Since launch ▪ FY2025/26 : New customers with major potential (Boeing, Safran Electrical & Power) Strong development in NA Momentum in defense ▪ Since launch : Progress in line with main areas for development identified at launch, i.e. NA & Defense ▪ New business complemented by renewals and renegotiations on significant scopes ▪ In line with objective (€80m - €100m) : Solid portfolio of new business opportunities in all segments Including significantly larger deals 60% secured
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42 Strong and healthy backlog Q1 revenue FY27 Investor presentation – Q1 revenue FY27 - September 2026 Aerospace backlog breakdown1 1 Breakdown data based on full-year identifiable revenue projections across programs and customer, excludes SNAA, Mécabrive Industries, FGAM & Casablanca Aéronautique, FGA Mexico & non-aerospace activities 2 Breakdown data based on full-year identifiable revenue projections across programs and customers, includes management estimates €5.0bn 30 June 2026 +3.3% vs 31 March 2026 Total backlog breakdown by segment2 A320 27% A350 37% B737 10% A330 5% E2 3% GLOBAL 7500 3% LEGACY 450 2% RAFALE 3% OTHER PROGRAMS 10% COMMERCIAL 94% MILITARY 6% 70% related to Airbus programs
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Outlook
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46 Guidance Outlook Investor presentation – Q1 revenue FY27 - September 2026 FY26/27 FY27/28 Revenue €530m – 560m > €600m Current EBITDA €86m – 94m > €100m Free Cash Flow €35m – 40m taking into account c. €10m of strategic initiatives €50m– 60m taking into account €10m - 15m of strategic initiatives Financial leverage 2.6x – 3.1x 2.0x – 2.5x EUR/USD assumption 1.16 1.175
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47 Outlook Investor presentation – Q1 revenue FY27 - September 2026 Confidential New wings to FIGEAC AÉRO’s investment case Strategic initiatives Unique positioning Improved financial performance Strong growth drivers Revenue growth Solid executionx x += IMPROVING FUNDAMENTALS Liquidity increase Deleveraging & streamlining of debt + ADDRESSING INVESTOR ISSUES Aerospace market consolidation Exposure to defense + GAINING FURTHER MOMENTUM +Improving supply chain bottlenecks x Stronger competitive position+
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Q&A
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Appendices
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56 Glossary Appendices Investor presentation – Q1 revenue FY27 - September 2026 Term / indicator Definition OEM (Original Equipment Manufacturer) Aircraft manufacturers, engine manufacturers and other airframers Build-to-Print The manufacture of parts and sub-assemblies by a sub-contractor based on plans and specifications provided by the client OTD (On-Time Delivery) Percentage of line items in a purchase order delivered to the client on time Current EBITDA / EBITDAc Current EBITDA = Current operating income (loss) adjusted for net depreciation, amortisation and provisions before the breakdown of R&D expenses capitalised by the Group by type Backlog Sum of orders received and to be received extrapolated over a 10-year period for each contract and request for proposals won, based on estimated build rates and EUR/USD exchange rate Organic At constant scope and exchange rates DIO (Days of Inventory Outstanding) Average number of days of revenue for which an item of inventory is held Net debt Debt, net of cash, excluding non-interest bearing debt Leverage Ratio of net debt to current EBITDA Capex Investments in fixed assets ORNANE Bonds redeemable into cash and/or new and/or existing shares EBITDA-to-FCF Free Cash Flows divided by current EBITDA ROCE (Return On Capital Employed) Net operating income after taxes (NOPAT) divided by the economic assets (fixed assets and working capital) Free cash-flow / net Net cash-flow from operating activities before cost of financial debt and taxes, minus net cash-flow from investing activities / after cost of financial debt and taxes