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Joby Aviation Investor Deck Joby RESONANT CIENCES Joby Aviation to Acquire Resonant Sciences August 11 , 2026 A scaled defense growth platform that accelerates autonomy and expands the value of Joby's technology stack YASKAWA August , 2026
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Joby Aviation Investor Deck August, 2026 Forward Looking Statements This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the expected integration, benefits and opportunities of the acquisition of Resonant Sciences; the potential timing and acquisition of Resonant Sciences; the receipt of regulatory approvals and the satisfaction of other closing conditions for the acquisition of Resonant Sciences; the issuance of shares of our common stock as consideration in the acquisition of Resonant Sciences; our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including our use of cash; and expectations regarding the financial performance of Resonant Sciences, including with respect to adjusted EBITDA, cash flows and EBITDA. Y ou can identify forward- looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate” , “estimate” , “expect” , “project” , “plan” , “intend” , “believe” , “may” , “will” , “should” , “can have” , “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: risks associated with the potential failure to satisfy any closing conditions for the acquisition of Resonant Sciences; our ability to integrate Resonant Sciences’ business and team into our operations; and our ability to retain key personnel; our ability to realize anticipated benefits of any combined operations; risks of unanticipated costs of acquiring or integrating Resonant Sciences’ business; the potential impact of the announcement or consummation of the proposed acquisition on relationships with third parties, including employees, customers, partners and competitors; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27 , 2026, our Quarterly Report on Form 10-Q filed with the SEC on May 5, 2026, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. 2
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Body Joby Aviation 3 Investment Thesis Investor Deck August, 2026 Resonant will become Joby’s dedicated defense business Joby is buying an established, operating defense business Scale today A rapidly growing defense business with active defense and national security programs as well as established customer relationships. Scarce capabilities Classified infrastructure, cleared technical and highly talented workforce, qualified products and scaled production operations. Financial discipline rowth business with positive adusted BTA margins and growth in bookings and awards yearoveryear supporting future revenue. Strategic acceleration RF sensing, assured communications, PNT , electronic countermeasures, RF component & radome manufacturing and mission systems complement Joby aircraft, propulsion and autonomy.
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Joby Aviation Investment Thesis Investor Deck August, 2026 Investment Thesis Upon closing, Resonant Sciences will become Joby’s dedicated defense business, focused on advancing hybrid aircraft and autonomy technologies, while Joby’s commercial aviation team remains focused on advancing its electric air taxi initiatives. 4 Upon closing, Resonant Sciences becomes Joby’s dedicated defense business, focused on advancing hybrid aircraft and autonomy technologies, while Joby’s commercial aviation team remains focused on advancing its electric air taxi initiatives
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Joby Aviation Financials Investor Deck Resonant Science’s business is growing $100M+ ~40% 3x Trailing Twelve Month Revenue Y ear-over-year TTM Revenue Growth 1H 2026 bookings growth compared to 1H 2025 August, 2026 High-teens Adjusted EBITDA margins
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Joby Aviation Financials Why this matters for JOBY 1 2 3 Defense growth platform with strong momentum Efficient scaling of autonomous defense solutions and products Existing customer relationships and opportunity to expand value of Joby’s technology stack 6 Investor Deck August, 2026
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Joby Aviation Leadership Experienced Defense T ech Leaders from Resonant Sciences to Join Joby Founder-led, engineering-first, and vertically integrated — culturally aligned with Joby from day one 7 Investor Deck August, 2026 J. Micah North President & Chief Executive Officer Ron Miller SVP / Chief T echnology Officer 20+ years of technical and business leadership experience at Lockheed Martin Skunk Works, Northrop Grumman, and A TK Co-founder of Resonant Sciences; Serves as CEO and President Nationally recognized across the Defense Industry leading the development and fielding of disruptive technologies and capabilities T op Secret (TS/SCI) Security Clearance 30+ years of technical and business leadership experience at Mission Research, A TK, and Resonant Sciences Co-founder of Resonant Sciences; Serves as CTO and Executive Vice President Nationally recognized for his contributions on the development game changing RF technologies and measurement systems T op Secret (TS/SCI) Security Clearance
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Joby Aviation Strategic Fit Investor Deck T ogether , Joby + Resonant can move up the value chain The companies can offer a broader defense solution set + 1 2 3 4 RF sensing & signal processing Electronic countermeasures Resilient communications Mission-system integration 1 2 3 4 Aircraft platforms Propulsion technology Autonomy technology Production expertise August, 2026 Integrated autonomous defense solutions Aircraft + payload + mission systems
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Joby Aviation Strategic Fit Investor Deck Strategic implication Upon closing, the opportunity expands from selling individual technologies to pursuing increasingly integrated platform-level programs. 9 S Upon closing, esonant Sciences becomes Jobys dedicated defense business, focused on advancing hybrid aircraft and autonomy technologies, hile Jobys commercial aviation team remains focused on advancing its electric air taxi initiatives August, 2026
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Joby Aviation Autonomy Flywheel Classified programs + real customer missions create a faster learning loop. 10 Investor Deck August, 2026 Resonant will accelerate autonomy with customer- funded programs and classified access Defense opportunities can generate both near-term program value and technology learning for Joby’s broader autonomy platform 01 Access Resonant expected to expand Joby’s access to classified national-security programs and next-generation platforms. 02 Integrate Potential to expand value of Joby’s technology stack by leveraging Resonant’s platform and relationships. 03 Compound Program-funded development can advance autonomy capabilities while opening broader platform opportunities. Proof Points: Direct sales to U.S. Government and leading primes Long-standing facility security clearance Apertures/radomes qualified across 20+ defense and commercial airframes
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Joby Aviation Deal Structure Investor Deck The transaction is structured for disciplined capital allocation Purchase price Joby’s strong balance sheet provides funding flexibility over time $500M Aligns key employees with long- term value creation Offices Major manufacturing facilities in Dayton, OH Expected close 1H 2027 Capital-allocation thesis 11 August, 2026 Transaction expected to close in 1H 2027 . A strong balance sheet, with $2.3B in cash and short-term investments as of 6/30/26, lets Joby access capital opportunistically between signing and closing. Certain Resonant employee stockholders will receive a portion of their consideration in shares of Joby common stock, retaining an ongoing economic interest in the combined company. Ac q uire proven scale, fast-growing established programs and customer access rather than internally funding years of infrastructure, clearances and program q ualification.
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Joby Aviation Operating Model Investor Deck August, 2026 Dedicated leadership preserves focus on commercial and defense execution The structure is designed to add a defense growth engine without diluting the air-taxi organization’s core priorities Joby commercial aviation organization Certifying the electric air taxi Scaling manufacturing and production readiness Commercializing the air-taxi service Resonant Sciences dedicated defense organization Continues under the Resonant Sciences name and leadership Potential to advance hybrid variants and defense autonomy applications
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Joby Aviation 13 Investment Conclusion Investor Deck August, 2026 Creating value for JOBY shareholders The proposed acquisition adds a second growth engine while strengthening the technology roadmap behind the first Strong financial profile Growing, Adjusted EBITDA-positive business built on key customer acquisition and long-cycle programs with the U.S. government and prime contractor programs. Buys years of capability build-out Classified infrastructure, cleared talent, qualified products, customer relationships and manufacturing capacity arrive on day one. Advances autonomy Resonant’s customer base and relationships create opportunities to advance Joby’s autonomous technology. Protects the core Dedicated defense leadership helps preserve commercial focus and balance- sheet fleibility.
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Investment Conclusion 14 Joby Aviation Joby intends to acquire a scaled defense growth platform that accelerates autonomy and helps expand the value of Joby’s technology via Resonant’s established relationships, specialized defense capabilities and access to programs. Upon closing, Resonant Sciences is expected to become Joby’s dedicated defense business. Investment Conclusion Investor Deck Upon closing, Resonant Sciences becomes Joby’s dedicated defense business, focused on advancing hybrid aircraft and autonomy technologies, while Joby’s commercial aviation team remains focused on advancing its electric air taxi initiatives August, 2026
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Joby Aviation Investor Deck August, 2026