Dragonfly Energy (DFLI) Investor presentation summary

Business overview and market positioning

• Develops lithium-ion battery systems for deep-cycle energy storage in RV, trucking, marine, off-grid, and industrial markets, with over 400,000 battery packs deployed since 2012.

• Holds a leading position in the RV industry, with factory-installed batteries across major manufacturers and a strong aftermarket presence.

• Expanding into heavy-duty trucking, industrial, oil & gas, and residential storage sectors, leveraging OEM partnerships as a primary growth engine.

• Generated over $400M in revenue since 2020, supported by a robust patent portfolio (~100 patents) and domestic manufacturing in Nevada.

• Strategic acquisition of Dakota Lithium broadens market reach and is expected to be accretive to Adjusted EBITDA in Q4 2026.

Technology and product differentiation

• Patented dry electrode manufacturing process enables scalable, cost-efficient, and chemistry-agnostic battery production.

• Focuses on LiFePO4 batteries, offering up to 10x longer lifespan, 5x faster charging, and enhanced safety compared to lead-acid alternatives.

• Proprietary technology supports the development of all-solid-state batteries, validated for safety and performance in lab environments.

• Integrated system solutions include battery packs, accessories, and software for real-time monitoring.

• Holds patents across chemistry, manufacturing, design, and system integration, providing a significant competitive advantage.

Financial performance and profitability initiatives

• Quarterly net sales ranged from $9.7M to $16.2M in recent periods, with Q3 2026 guidance at ~$13.5M.

• Targeting positive Adjusted EBITDA at an annualized revenue run rate of ~$70M, supported by cost realignment and the Dakota Lithium acquisition.

• Recent cost actions include executive compensation shifts to equity, workforce reductions, marketing spend reallocation, and facility consolidation, aiming for ~$9M in annualized Adjusted EBITDA improvement.

• OEM net sales grew 34% in FY2025, with commercial momentum in RV and trucking sectors.

• Dakota Lithium generated $12M in net revenue in 2025 and is expected to contribute to profitability starting Q4 2026.