AI-Enabled Platforms for Protection against Advanced Threats

AGM Presentation (ASX:DRO)

26 April 2022

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2021 has been a major step forward for DroneShield, despite the COVID pandemic challenges

Another all-time record year for revenues and cash receipts

Expanded past counterdrone into two AI-powered adjacent areas of Electronic Warfare and Computer vision, with Australian DoD contracts for each

Multi-million dollar project: $3.8m 2 year contract with Australian DoD

Ramped up a second outsourced manufacturing facility in preparation for larger orders (no cost to DRO - payment per unit made)

Scaled the high-calibre team from 30 to 60 across Australia, US and UK

Brazil military with DroneSentryTM installation

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2021 Key Achievements

Leverage to the global defence and security technology sector. $10bn counterdrone addressable market, in addition to electronic warfare and tracking systems markets

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Rapidly improving financials, as the business stands at an inflection point into 2022

Strong Revenue Growth

Rapid Cash Receipt GrowthImproving EBITDA

Customer "Stickiness" - Repeat vs First Time Cash Receipts

Note: $14.8m cash receipts in 2021 includes grant of US$99,600 from the US Government, under the Paycheck Protection Program

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Multiple projects at each development stage improve predictability of cashflows

6-18 months from lead to sale, but can be much shorter for repeat orders

CredibleLeadConfirmed

ScopeFirm Bid

Submitted DroneShield

ShortlistedPurchase Conditionally

Confirmed (Budget etc)Customer advised they are placing the purchase with DRO

PO processing Order Book* on customer end

77 Projects $155m

56 Projects $136m

49 Projects $118m

46 Projects $82m

38 Projects $66m

25 Projects $52m

12 Projects $3m

10 Projects $3m

Notes:

Cash Receipts to Dec 2022 only. As the year progresses, remaining forecasted projects will reduce in number but become more certain

The pipeline is cumulative - eg, the 50+ projects at Confirmed Scope stage are included as part of the 70+ projects at the Credible Lead stage

* Order Book = current Purchase Orders (POs), less amount already paid to DRO (eg deposit) under those POs

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Diversified and Mature 2022 Pipeline

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DroneShield Ltd. published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 23:49:10 UTC.