AEVEX (AVEX) investor relations material

Company overview and business model

• Leading defense technology contractor specializing in unmanned systems (UxS) and AI-enabled solutions for U.S. and allied defense agencies.

• Operates through two segments: Tactical Systems (autonomous UAS/USV platforms) and Global Solutions (ISR, C-UAS, aircraft modification, mission support).

• Delivered over 10,200 systems through 2026, with 35 unique platforms developed in the last 3 years.

• Proprietary CompassX AI sensor-fusion engine enables autonomy in GPS-denied environments.

• Vertically integrated with 100,000 sq. ft. of production space and capacity for 1,000+ UxS per month.

Financial performance and metrics

• 2025 revenue: $432.9 million, up 10.4% from 2024; gross profit: $94.3 million (21.8% margin).

• Adjusted EBITDA for 2025: $37.6 million (8.7% margin); free cash flow: $(105.1) million.

• Q1 2026 estimated revenue: $200–208 million, up 283% YoY; net income: $19–22.5 million.

• Funded backlog grew 181% to $503.1 million at end of 2025; identified pipeline at $8.1 billion.

• Tactical Systems accounted for 74.4% of 2025 revenue; Global Solutions 25.6%.

Use of proceeds and capital allocation

• Net IPO proceeds (~$293.3 million) to acquire newly issued Series A Units in Holdings LLC.

• Holdings LLC will use proceeds and new credit facilities to repay $257.8 million in debt, cover offering expenses, and for general corporate purposes.

• New credit facilities anticipated: $100 million term loan, $75 million delayed draw, $200 million revolving credit.