XTEK : CEO AGM Address to Shareholders

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XTEK LTD

AGM PRESENTATION

26 NOVEMBER 2021

PRESENTED BY: SCOTT BASHAM

GROUP CHIEF EXECUTIVE OFFICER

DISCLAIMER

This presentation is given on behalf of XTEK Limited (XTEK)

Information in this presentation is for general information purposes only, and is not an offer or invitation for subscriptions, purchase of recommendation of securities in XTEK. Certain statements in this document regarding the Company's financial position, business strategy and objectives may contain forward looking statements (rather than being based on historical or current facts).

onlyFuture Performance

This Presentation contains certain "forward-looking statements" that are based on management's beliefs, assumptions and expectations and on information currently available to management. The words "expect", "anticipate", "estimate", "intend", "target" "believe", "guidance", "should", "could", "may", "will", "predict", "plan" and other similar expressions are intended to identify forward-looking statements. Any indications of, and guidance on, future operating performance, earnings, financial position and performance or production are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions.

Forward-looking statements, including projections, guidance on future operations, earnings, estimates or production targets (if any), are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This Presentation contains statements that are subject to risk factors associated with XTEK's business activities including but not limited to those set out in this presentation. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to

usearnings, capital expenditure, cash flow and capital structure risks and general business risks.

No representation, warranty or assurance (express or implied) is given or made in relation to any forward-looking statement by any person (including XTEK or any of its advisers). In particular, no representation, warranty or assurance (express or implied) is given that the occurrence of the events expressed or implied in any forward-looking statements in this Presentation will actually occur. Actual operations, results, performance, production targets or achievement may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Any forward-looking statements in this Presentation speak only as of the date of this Presentation. Subject to any continuing obligations under applicable law or regulation (including the listing rules of ASX), XTEK disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based.

Past Performance

ersonalInvestors should note that past performance and financial information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of XTEK's views on its future

financial performance or condition. Prospective investors should note that past performance, including past share price performance, of XTEK cannot be relied upon as an indicator of (and provides no guidance as to) future performance including future share price performance. The historical information in relation to XTEK included in this Presentation is, or is based on, information that has previously been released to the market

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XTEK GROUP

XTEK Limited

XTEK Group is an ASX listed international Defence Industry advanced manufacturing and technology business.

FY2021 Group Revenue $28.3m. Market Capitalisation $25.7m (25 Nov 21).

The Group is comprised of XTEK Ltd and its wholly owned subsidiary HighCom Armor Inc. (US) and operates as two distinct

divisions - Ballistics Division & Technology Division.

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Ballistics Division

Focused on designing, manufacturing, and supplying global military, law enforcement, and first responder customers with world-class, advanced personal protection ballistic products and solutions under our HighCom Armor global brand for:

• Body Armour
• Ballistic Helmets
• Composite Structures

50% 50%

Technology Division

Focused on manufacturing and supplying global Defence and Security Agencies with world-leadingAustralian-made and globally sourced:

• Systems - UAVs & UGVs solutions
• Sensors - Chemical & Virus Detection
• Software - 3D Mapping & Modelling SW
• • Tactical Targeting SW
• Support - System Integration, Training, & Service Support

42%58%

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BALLISTICS DIVISION

Ballistics Division

BALLISTICS DIVISION

Overview

Division Headquarters located at HighCom Armor Inc. Columbus, OH, USA

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Production facilities:
• Columbus Manufacturing Centre (CMC), OH, USA
• Adelaide Manufacturing Centre (AMC), SA, Australia
• FY21 Revenue: $16.85m - 95% of product made in AMC is exported to US and other overseas destinations
•	Staff:	86 = 60 (CMC) & 24 (AMC)
Focused on designing, manufacturing, and supplying global military, law enforcement, and first responder customers with world-class, advanced personal
use
protection ballistic products and solutions to for:
•	Body Armour
•	Ballistic Helmets
•	Composite Structures
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