Volatus Aerospace (FLT) investor relations material

Deal rationale and strategic fit

• Acquisition of 100% of AISPECO adds modular airborne sensor pods, control electronics, onboard computing and mission software, extending capabilities across aircraft, sensors and data.

• AISPECO’s shared technology platform serves commercial infrastructure, utilities, energy and mapping, as well as defence and security missions.

• Vilnius engineering and manufacturing expands European capacity alongside Canadian operations and supports access to allied markets.

Financial terms and conditions

• Base consideration is US$10.5M: US$3.0M cash and US$7.5M in shares, with the share price based on the TSX 20-day VWAP as of Oct. 13, 2026.

• Up to US$2.5M additional consideration, payable in cash or equity at the acquirer’s option, is tied to financial, commercial and product milestones over three years.

• AISPECO reported C$5.72M FY2025 revenue, more than double FY2024; historical results were prepared under Lithuanian accounting standards and are subject to IFRS adjustments.

• Standalone FY2027 outlook is ~C$10M revenue and an 8%–12% Adjusted EBITDA margin, excluding synergies and uncontracted defence programs.

Synergies and expected cost savings

• Annual cost and direct synergies are estimated at C$1.4M–C$2.6M by year two.

• C$7M–C$12M in incremental revenue and market-access opportunity is estimated, including North American pipeline and utility access and expansion in European markets; it is not guidance or contracted sales.

• Potential sources include replacing third-party sensor kits, combining methane and LiDAR surveys after validation, and expanding through US, European and allied defence channels.