Page 1

PRESS RELEASE Paris , July 30 , 2021 , 7am CET • Parrot 2021 first - half earnings 19 % growth for the commercial drone business at constant exchange rates • Solid gross margin and effective management of operating costs • Positive impact of Micasense's sale on earnings and the cash position ANAFI Ai unveiled : the first smart professional drone , free from transmission limitations thanks to 4G , with a range of software applications already integrated 2021 first - half business During the first half of 2021 , the Parrot Group recorded consolidated revenues of € 24.3m , compared with restated revenues of € 23.7m at June 30 , 2020. The American subsidiary Micasense , sold on January 27 , 2021 , has no longer been consolidated since January 1 , 2021 : 2020 revenues are eliminated from full - year revenues for 2020 in order to obtain a comparable basis . Following on from the first quarter's good performance levels , the realignment around commercial drones is continuing to deliver a range of benefits : at constant exchange rates , the Group's half - year revenues ( comparable basis ) are up + 9.2 % ( 2.6 % at current exchange rates ) compared with the first half of 2020 . During the first half of this year , commercial developments were marked by : • Micro - drone revenues of € 8.2m , up + 6.0 % ( + 1.4 % at current exchange rates ) , driven by strong sales growth for commercial micro - drones from the ANAFI range and the ANAFI USA in particular . The ANAFI commercial drone range generated 78 % of first - half revenues for micro - drones , compared with 43 % for the first half of 2020. Its robust commercial development largely offset the voluntary scaling back of consumer product sales and the non - recurrence of the R & D funded ( € 1.0m ) linked to the completion of the SRR program at the end of 2020. This performance does not take into account a first order received under the framework agreement signed with the French Defense Procurement Agency ( DGA ) for 150 systems that are scheduled to be delivered this summer . • € 11.7m of revenues generated by the data analysis software solutions , up + 15.9 % ( + 7.9 % at current exchange rates ) , confirming the acceleration seen in March - April . The Pix4Dmapper solution achieved solid performance levels in terms of both sales and use , while the new business solutions launched at the end of 2019 have continued to progress . € 4.7m of revenues for the fixed - wing drones , with a contraction reduced to -4.5 % ( -10.4 % at current exchange rates ) , reflecting the second quarter's strong level of commercial activity ( + 13.1 % vs. the first quarter of 2021 ) . This follows the new fixed - wing commercial drones launched in February 2021 : the three new eBee models targeting different needs and markets are accelerating the renewal of the client base and attracting new users . PARROT GROUP REVENUES Єm and % of like - for - like revenues Micro - drones ( Parrot Drones ) Of which , consumer products ( 1 ) Data analysis software ( Pix4D ) H1 2020 ( 6 months ) H1 2021 ( 6 months ) Change at Change at current exchange constant exchange rates rates 8.1 34 % 8.2 34 % + 1.4 % 3.7 16 % 2.1 9 % -43.8 % Fixed - wing drones ( senseFly ) Parrot SA Intragroup eliminations PARROT GROUP TOTAL - REPORTED BASIS Of which , MicaSense ( 2 ) 10.8 46 % 11.7 48 % 5.3 22 % 4.7 19 % 0.1 1 % 0.1 -0.7 -3 % -0.5 -2 % 26.5 112 % 24.3 100 % 2.8 12 % 0.0 0 % + 7.9 % + 6.0 % NA + 15.9 % -10.4 % -4.5 % 0 % -12.0 % -12.0 % -32.5 % -32.5 % -8.1 % -2.3 % -100.0 % -100.0 % PARROT GROUP TOTAL - COMPARABLE BASIS ( 3 ) 23.7 100 % 24.3 100 % COMMERCIAL DRONES BUSINESS TOTAL ( 4 ) 20.0 84 % 22.2 91 % + 2.6 % + 11.3 % + 9.2 % + 19.0 % ( 1 ) Consumer products : consumer drones ( all ranges ) , legacy automotive products ( car kit , plug & play ) and connected devices . ( 2 ) Following the sale of Micasense on January 27 , 2021 , revenues are no longer consolidated since January 1 , 2021 . ( 3 ) The comparable Parrot Group total excludes MicaSense revenues for 2020 . ( 4 ) Commercial Drones Business Total is an alternative performance indicator to measure the impact of strategic decisions ; for the periods presented , it is determined by deducting the following items from revenues : the consumer activities ( all ranges and products , see ( 1 ) ) and the 2020 revenues for MicaSense , the company sold in 2021 . PARROT | Press release | 2021 first - half earnings 1/6