Slides
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GREEN ROBOTICS FOR A BLUE ECONOMY Quarter 2 2025 Financial Results
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Disclaimer Cautionary Language Regarding Forward-Looking Statements This slide deck contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus’ products; estimated operating results and use of cash; and Nauticus’ use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. 2
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3 Pioneering the Future of Autonomous Underwater Robotics Nauticus Robotics specializes in underwater robotic equipment and software for the global offshore energy, telecoms, defense and port management sectors. The Company has experienced rapid growth and strong momentum in its short history, consistently demonstrating the Company’s ability to design and deliver innovative autonomous solutions and hardware. HQ:US 2014 ESTABLISHED Nauticus ToolKITT Aquanaut® Olympic Arm All-electric Aquanaut “dual function” AUV or ROV – untethered autonomous vehicle platform with ability to transform for survey or intervention work. The next generation of purpose-built electric arms – providing versatility and maneuverability with a high degree of precision. Powered by AI and machine learning – the ToolKITT software empowers supervised autonomy in surface and subsea platforms.
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Exploring Diverse Market Opportunities AUVs are used in site survey work and to support drilling campaigns via hazard or rig move surveys. They can also be used to determine optimal routes for pipelines as well as pipeline & subsea infrastructure inspections. ROVs can support drilling & perform IMR work. Increasingly, hybrid AUV/ROV systems are being developed & can be hosted on the seabed. The offshore oil & gas sector is mature, with large capital (greenfield) projects becoming less common than short-cycle projects which tieback to existing infrastructure (brownfield). AUV /ROV 2023 2030 Sector Uses Sector Snapshot Potential Market Size in 2023 & in 2030(1) $1.72b $2.13b Offshore O&G AUVs can be used to identify significant wind, wave, current and tidal factors (metocean) & can assist in survey & positioning (velocity of sound & conductivity, temperature & depth). Environmental Impact Assessments & cable route surveys can be also be conducted. ROVs can be used to perform IRM critical undersea infrastructure (e.g., cabling). The offshore wind sector, whilst contending with inflationary pressures has broad policy support; it is poised to grow robustly, especially in deeper waters, further from shore. 2023 2030 $0.58b $1.52b Offshore Wind & Power AUVs are used in mine countermeasure operations, anti- submarine warfare and search & rescue operations. Other applications include military hydrography / rapid environmental assessments; special operations (transferring dive teams); intelligence, surveillance & reconnaissance. ROVs can be used in UXO, minesweeping & in salvage operations by navies. Heightened geopolitical tensions have seen hit global spending hit $2.2 trillion in 2022, an increase of 15% since 2017. Transnational partnerships & alliances underpin some of this spend. 2023 2030 $2.12b $2.83b Military & Defense AUVs can be used to assess whether a port has sufficient under-keel clearance for a humanitarian aid vessel following a disaster. When used in tandem with buoys and sensor systems they can manage threats to port infrastructure and prevent piracy and smuggling. When used for security, AUVs can inspect vessel hulls, piers and harbors. Small uncrewed surface vessels may be able to act as waterborne improvised explosive devices; Illegal Unreported & Unregulated fishing & smuggling are ongoing sector issues. 2023 2030 $1.12b $1.32b Port Management Environmental applications vary widely by focus, budget and funding body. Many AUVs have been built as research/engineering projects, or as a development test bed for new sensors, as well as to gather field data to support research efforts. This includes observation of marine animals or as part of ocean observation systems. The constantly changing nature of the ocean is of ongoing & high importance to scientists & policymakers. Research covers new diseases, coastal erosion & fishery decline & more. Environmental Emerging Opportunity 4 1) Source: Management provided information & WGE Analysis AUV /ROV AUV /ROV AUV /ROV
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5 Company Highlights – Q2FY25 Nauticus Results Post-Acquisition • Customer Diversification • 200% increase YOY • Generated a $1.6 million increase in Nauticus revenues YOY. • Market Diversification • Wind • Environmental compliance • Oil and gas • Current revenue forecast shows sequential growth.
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6 Operational Highlights – Q2FY25 2025 Gulf Coast Offshore Season Successes • The ROV assigned to the drill ship completed its project and moved back up to the U.S. Northeast Coast to perform offshore windfarm inspections at the beginning of August. • The second ROV completed projects for nine different customers off the U.S. Gulf Coast. • Aquanaut Vehicle 2 completed all operational readiness requirements and is now alongside the second ROV on the Gulf Coast vessel ready to perform work throughout the second half of the year.
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7 Customer Demand Highlights – Q2FY25 Overwhelmingly Positive Market Response • The Sales Team is seeing a meaningful shift in customer mindset, signaling increased openness to autonomous solutions. • Wind Energy customers are beginning to restart maintenance, providing increased exposure into this new Nauticus market. • Discussions are underway with a customer for a multi-quarter contract beginning this fall, if signed it would provide steady off-season revenue and margin continuity into the new year.
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Quarterly Financials NAUTICUS ROBOTICS PROPRIETARY AND CONFIDENTIAL INFORMATION
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Consolidated Balance Sheets 9 *Provided in Q2FY25 Earnings press release
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10 Consolidated Statements of Operations *Provided in Q2FY25 Earnings press release
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11 Consolidated Statements of Cash Flows *Provided in Q2FY25 Earnings press release
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12 Reconciliation of Non-GAAP Items *Provided in Q2FY25 Earnings press release