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 UxS, UAS, USV) and Global Solutions (ISR, C-UAS, aircraft engineering, additive manufacturing).

• Holds a prime contractor position on 88.1% of revenue for all programs, with over 10,200 systems delivered and committed through 2026.

• Vertically integrated with 100,000 sq. ft. of production space, capable of producing over 1,000 UxS per month.

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

Financial performance and metrics

• FY2025 revenue: $432.9M (10.4% YoY growth); FY2024 revenue: $392.2M.

• FY2025 net loss: $(16.9)M; FY2024 net income: $78.5M.

• FY2025 gross profit: $94.3M (21.8% margin); FY2024 gross profit: $110.3M (28.1% margin).

• Q1 2026 revenue: $216.7M (306.9% YoY growth); Q1 2026 net income: $21.0M.

• Funded backlog as of March 31, 2026: $356.6M; pipeline of identified opportunities: $8.2B.

• As of March 31, 2026: $27.4M cash, $258.5M total debt.

Use of proceeds and capital allocation

• Net proceeds of ~$212.0M (assuming $38.47/share) will be used to purchase Series B Units and Class B common stock from certain equityholders.

• Proceeds will not be used for general corporate purposes; no proceeds from shares sold by selling securityholders.

• IPO proceeds previously used to repay $258.5M in prior credit facilities, pay $10.9M in IPO expenses, and for general corporate purposes.