Announcement PDF AMAERO LTD (ASX: 3DA | OTC: AMROF) A leading U.S. domestic producer of high-value refractory and titanium alloy spherical powders & manufacturer of near-netshape parts for mission-critical components across defense, space, aviation, medical and industrials Investor Presentation August 2025 Important Notice and Disclaimer This investor presentation (Presentation) is dated 21 August 2025 and has been prepared by Amaero Ltd (ACN 633 541 634) (Amaero) in relation to a non-underwritten placement of new fully paid ordinary shares in Amaero (New Shares) (the Placement) and a nonunderwritten offer of New Shares to eligible Australian and New Zealand Amaero shareholders under a share purchase plan By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you acknowledge and agree to the terms set out below. Summary of information This Presentation is for information purposes only and is a summary only. It should be read in conjunction with Amaero’s most recent financial report and Amaero’s other periodic and continuous disclosure information lodged with the Australian Securities Exchange (ASX), which is available at www.asx.com.au. The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Reliance should not be placed on information or opinions contained in this Presentation and, subject onl y to any legal obligation to do so, Amaero does not have any obligation to correct or update the content of this Presentation. Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither Amaero nor its representatives have independently verified any such market or industry data provided by third parties or industry or general publications. Not financial product advice or offer This Presentation does not and does not purport to contain all information necessary to make an investment decision, is not i ntended as investment or financial advice (nor tax, accounting or legal advice), must not be relied upon as such and does not and will not form any part of any contract or commitment for the acquisition of New Shares. Any decision to buy or sell securities or other products should be made only after seeking appropriate and independent professional financial advice. This Presentation is of a general nature and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Any investment decision should be made solely on the basis of your own enquiries. Before making an investment in Amaero, you should consider whether such an investment is appropriate to your particular investment objectives, financial situation or needs. Amaero is not licensed to provide financial product advice in respect of its shares. This Presentation is for information purposes only and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any other foreign regulator). This Presentation is not, and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. International restrictions The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws (see Appendix C of this Presentation). In particular, this Presentation may not be distributed or released to US wire services in the United States. By accepting this Presentation, you represent and warrant that you are entitled to receive such Presentation in accordance with the above restrictions and agree to be bound by the limitations contained therein. This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer would be unlawful. This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The New Shares have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. Refer to Appendix A of this Presentation for further details about international offer restrictions. Investment risk An investment in Amaero’s shares is subject to known and unknown risks, some of which are beyond Amaero and its directors’ control. Amaero does not guarantee any particular rate of return, the performance of Amaero or any particular tax treatment. You should have regard to the risk factors disclosed in Amaero’s periodic and continuous disclosure announcements lodged with the ASX. Cooling off rights do not apply to the acquisition of New Shares. Financial and other information Investors should be aware that certain financial measures included in this Presentation are ‘non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and also ‘non-GAAP financial measures’ within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934, as amended, and are not recognised under AAS and International Financial Reporting Standards (IFRS). Such non-IFRS financial information/non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non-IFRS/non-GAAP financial information may not be comparable to similarly titled measures presented by other entities and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although Amaero believes these non-IFRS/non-GAAP financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS financial information/non-GAAP financial measures included in this Presentation. Certain figures, amounts, percentages, estimates, calculations of value and fractions provided in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this Presentation. All financial information in this Presentation is in Australian dollars (A$ or AUD) unless otherwise stated. Past performance Past performance, including past share price performance of Amaero and any pro forma 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 Amaero’s views on its future financial performance or condition. Past performances of Amaero cannot be relied upon as an indicator of (and provides no guidance as to) the future performance of Amaero. Nothing contained in this Presentation, nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future. Future performance and forward-looking statements This Presentation contains certain forward-looking statements. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan”, “intend”, “target”, “aim” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors that are beyond the control of Amaero, its directors and management. This includes statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. These statements may assume the success of Amaero’s business strategies. The success of any of those strategies will be realised in the period for which the forward-looking statement may have been prepared or otherwise. Readers are strongly cautioned not to place undue reliance on forward-looking statements, particularly given the current economic climate and geopolitical tensions. None of Amaero, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this Presentation. The forward-looking statements are based on information available to Amaero as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), none of Amaero, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise, nor does any of Amaero, its representatives or advisers undertake any responsibility and liability for forward-looking statements (including, without limitation, liability for negligence). Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Time All references to time in this Presentation are to Australian Eastern Standard Time (AEST), unless otherwise indicated. Disclaimer Barrenjoey Markets Pty Limited (ABN 66 636 976 059) and Curran & Co Pty Ltd (ABN 40 604 395 226) (Joint Lead Managers) are the joint lead managers and joint bookrunners in relation to the Placement. The Joint Lead Managers, its affiliates and related bodies corporate, are full service financial institutions engaged in various activities, which may include trading, financing, corporate advisory, financial advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non-financial activities and services, including for which they have received or may receive customary fees and expenses. The Lead Manager (and/or its affiliates or related bodies corporate) have provided, and may in the future provide, fi nancial advisory, financing services and other services to Amaero and to persons and entities with relationships with Amaero, and/or may have other interests in or relationships with Amaero and to persons and entities with relationships with Amaero, for which they received or will receive customary fees and expenses. In the ordinary course of its various business activities, the Joint Lead Manager and (and/or its affiliates and related bodies corporate) may purchase, sell or hold a broad array of investments and actively trade securities, derivatives, loans, commodities, currencies, credit default swaps and other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to assets, securities and/or instruments of Amaero, and/or persons and entities with relationships with Amaero. The Lead Manager, its affiliates and/or related bodies corporate may also communicate independent investment recommendations, market colour or trading ideas and/or publish or express independent research views in respect of such assets, securities or instruments and may at any time hold, or recommend to cli ents that they should acquire, long and/or short positions in such assets, securities and instruments. (ASX: 3DA | OTC: AMROF) Important Notice and Disclaimer One or more investors may elect to acquire an economic interest in the New Shares (Economic Interest), instead of subscribing for or acquiring the legal or beneficial interest in those shares. The Joint Lead Managers (or thei r affiliates) may, for its own account, write derivative transactions with those investors relating to the New Shares to provide the Economic Interest, or otherwise acquire shares in Amaero in connection with the writing of such derivative transactions in the Placement bookbuild and/or the secondary market. As a result of such transactions, the Joint Lead Managers (or its affiliates) may be allocated, subscribe for or acquire New Shares or shares of Amaero in the Placement bookbuild and/or the secondary market, including to hedge those derivative transactions, as well as hold long or short positions in such shares. These transactions may, together with other shares in Amaero acquired by the Joint Lead Managers or its affiliates in connection with their ordinary course sales and trading, principal i nvesting and other activities, result in the Joint Lead Managers or its affiliates disclosing a substantial holding and earning fees. To the maximum extent permitted by law, Amaero, the Joint Lead Managers and their respective related bodies corporate and affiliates, and their respective officers, directors, employees, agents and advisers (each a Limited Party): (i) disclaim all responsibility and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any loss arising from this Presentation or reliance on anything contained in or omitted from it or otherwise arising in connection with this Presentation; (ii) disclaim any obligations or undertaking to release any updates or revision to the information in this Presentation to reflect any change in expectations or assumptions; (iii) do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness of the information in this Presentation or that this Presentation contains all material information about Amaero or that a prospective investor or purchaser may require in evaluating a possible investment in Amaero or acquisition of shares in Amaero, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and (iv) do not make any representation, warranty, assurance or guarantee that the information in this Presentation has been independently verified. Neither Joint Lead Manager, nor their or Amaero’s respective advisers or any of their respective affiliates, related bodies corporate, directors, officers, partners, employees, agents or advisers have authorised, permitted or caused the issue, submission, dispatch or provision of this Presentation and, for the avoidance of doubt, except for references to their names, none of them makes or purports to make any statements in this Presentation and there is no statement in this Presentation which is based on any statement by any of them. Further, the Joint Lead Managers and its Limited Parties do not accept any fiduciary obligations to or relationship with you, any investor or potential investor in connection with the Placement or otherwise. The Joint Lead Managers and their Limited Parties do not make any recommendation as to whether any potential investor should participate in the Placement, and any representation, assurance or guarantee in connection with the repayment of capital or any particular rate of income or capital return on an investment in Amaero (including an investment in New Shares). Acknowledgement You acknowledge and agree that by accessing this Presentation: • you expressly disclaim any fiduciary, agency, custodial or other legal relationship with the Joint Lead Managers and their Limited Parties, and agree that you are responsible for making your own independent judgements with respect to the Placement or other matter arising in connection with this Presentation; • to the maximum extent permitted by law, you undertake to not seek to bring any claim against the Joint Lead Managers and their Limited Parties, or otherwise hold any of those parties liable in any respect, in connection with this Presentation or the Placement; and • you warrant and agree that you have not relied on any statements made by the Joint Lead Managers and their Limited Parties in relation to the Placement. You acknowledge and agree that determination of eligibility of investors for the purposes of the Placement is determined by reference to a number of matters, including legal and/or regulatory requirements and the discretion of Amaero and the Joint Lead Managers, and each of Amaero and the Joint Lead Managers disclaim any duty or liability (including for negligence) in respect of the exercise or otherwise of that discretion, to the maximum extent permitted by law in respect of that determination and the exercise or otherwise of that discretion. The Joint Lead Managers may rely on information provided by or on behalf of institutional investors in connection with managing and conducting the Placement without having independently verified that information, and the Joint Lead Managers do not bear responsibility for the accuracy or completeness of that information The Joint Lead Managers may have interests in the securities of Amaero, including by providing investment banking services to Amaero. Further, the Joint Lead Managers may act as market maker or buy or sell those securities or associated derivatives as principal or agent. Each Joint Lead Manager may receive fees for acting in its capacity as lead manager for the Placement. (ASX: 3DA | OTC: AMROF) Who is Amaero? Amaero is a leading U.S. domestic producer of high value refractory and titanium alloy spherical powders & manufacturer of near-net-shape parts for mission critical components across defense, space, aviation, medical and industrials. ✓ Positioned as the largest & lowest cost U.S. domestic producer of high-value refractory and titanium alloy spherical powders ✓ Pioneering expertise in PM-HIP manufacturing of near-net-shape parts ✓ U.S. domestic manufacturing facility and headquarters in Tennessee ✓ Superior EIGA Premium technology ✓ Qualification of specialty alloy powder (C103) with leading Tier 1 additive manufacturing company ✓ Experienced Chairman / CEO with substantial holding and aligned interests ✓ Forward leaning capital investments with demonstrated capital allocation discipline ✓ Strong balance sheet (A$19.2 million(1) in cash) Note: USD figures on a conversion basis of $0.65 USD to AUD. (1) Cash balance of $19.2M AUD ($12.5M USD) as of June 30, 2025. (ASX: 3DA | OTC: AMROF) Investment Highlights 1 Favourable macro environment – a once-in-a-generation industrial opportunity is emerging through the reshoring of critical manufacturing capabilities to the US First mover advantage and defensive moat – addressing critical gaps in the high-value supply chain 2 3 4 5 Strategic Partnerships and long-term supply agreements – reinforcing strategic market position and durable growth Scalable Platform – with expansion opportunities into adjacent markets driven by demand pull Experienced and aligned leadership team and board – Highly aligned Chairman and CEO, seasoned executive team and board with deep industry expertise and a track record of execution (ASX: 3DA | OTC: AMROF) 1 Macro Backdrop Highlights Significant Opportunity for Amaero Global Casting Production is Dominated by Foreign We are Metal witnessing a generational industrial opportunity in Powers – with China accounting for 52 Million Metric Tonne and thebase United States accounting reshoring critical industrial capabilities to the U.S.for only 10 Million Metric Tonnes Arsenal of Democracy 2.0 ▪ Decades-long shift from dual-use contractors to defense prime contractors led to consolidation in the manufacturing and supply chain base ▪ At the very same time, the U.S. began to shift its economy to an asset-light model and real-time inventory planning which led to offshoring U.S. manufacturing and supply chain industries ▪ Small and mid-sized firms are central to building a resilient supply network in sectors like aerospace and propulsion Manufacturing as a % of GDP of Industrialized Countries(1) China 28% North Korea 26% Japan 21% Switzerland 19% Germany 19% Poland 17% Austria 17% Italy National Defense Industrial Strategy ▪ Geopolitical tensions and the threat to national security (i.e., Covid, Ukraine, etc.) inspired a reprioritization of U.S.-domestic manufacturing and supply chain resiliency ▪ Accelerated RDT&E for cutting-edge research and advanced capabilities such as advanced materials and manufacturing technologies 16% Finland 15% India 14% Sweden 13% United States 10% France 9% United Kingdom 30% 8% Progression of Manufacturing as a Share of Global Value Added` 25% Shortage of Domestic Forging & Casting ▪ U.S. DoD has prioritized casting and forging as one of four focus areas posing a pressing threat to national security ▪ Advanced manufacturing is key to restabilizing needed industrialbased capabilities ________________________ Source: Center for Strategic & International Studies, Defense Technical Information Center, Deloitte, International Monetary Fund. (1) U.S. manufacturing as a percent of GDP in 1990 was 18%. 20% 15% 15% 10% 10% 5% 5% 2005 2010 2015 2020 (ASX: 3DA | OTC: AMROF) 2 First Mover Advantage and Defensive Moat Amaero addresses critical gaps in the supply chain and is at the fulcrum of the reshoring opportunity – building resilient, integrated, and scalable U.S.-domestic industrial production and supply chains Raw Material Provider C103 Powder Provider Tier 1 Supplier End Customer Additive Manufacturing AM Mining “ Feedstock Refractory & Specialty Powder Production PM-HIP Manufacturing Through new initiatives like Advanced Manufacturing (AM) Forward as well as continued work in advanced manufacturing applications in production and sustainment of key components, the DoD seeks to produce more advanced technologies in the U.S. through investments in regional manufacturing ecosystems. DoD will expand efforts to incentivize, invest in and otherwise promote the use of advanced automation technologies by defense suppliers to reduce total life cycle costs and increase readiness” Defense Prime Contractors Military Branches ‒ National Defense Industrial Strategy (2023) (ASX: 3DA | OTC: AMROF) 3 Strategic Partnerships and Long-Term Supply Agreements Strategic partnerships underscore the robust competitive moat being built around powder business ▪ Announced March 27, 2024 ▪ Announced April 29, 2025 ▪ Successful Niboium C103 qualification in September 2024 commenced a five year preferred supplier agreement whereby Amaero will be the primary supplier of C103, refractory and titanium alloy AM powder to ADDMAN Group and its subsidiaries ▪ 5-year, exclusive supplier agreement with Velo3D (OTC: VLDX) ▪ Velo3D is a leading metal AM original equipment manufacturer with hardware manufactured in the U.S., software written in the U.S. and data packets stored by a U.S. company; has never sold to adversarial nations (i.e., China, Russia, Iran, North Korea) ▪ Based on demand estimates from Velo3D, revenue from C103 and titanium alloy powder sales over the length of the agreement are expected to equal ~A$35M ▪ Amaero will be an exclusive supplier to Velo3D for Niobium C103 and other refractory alloy powders, and a preferred supplier of titanium alloy powders ▪ Velo3D printers are in use by companies including Aerojet Rocketdyne, SpaceX, Ursa Major, Lockheed Martin, Honeywell and General Motors ▪ ADDMAN is a leading, additive manufacturer of C103 and refractory alloys for defense and space industries ▪ ADDMAN’s subsidiary, Castheon’s founder, Dr. Youping Gao, has played a pivotal role in the advancement of metal additive manufacturing and industrialization ▪ ADDMAN’s combination of Castheon and Keselowski Advanced Manufacturing (KAM) creates the largest U.S. domestic metal additive manufacturer with 50+ 3D printing machines and 300,000+ square feet of production capacity across multiple locations (ASX: 3DA | OTC: AMROF) 4 Platform Expansion Opportunity Adjacency opportunities driven by demand pull and desire to co-locate manufacturing processes Powder Production Adjacencies ✓ Argon gas recycling ✓ Security / safety-enhanced refractory powder processing ✓ Maritime specialty powder production ✓ Refractory bar production, melt-forge ✓ Titanium powder / scrap recycling to bar / powder PM-HIP Manufacturing Adjacencies ✓ Co-located adjacency processing including HIP, CNC machining and NDT ✓ Scale can production and powder loading and offgassing ✓ Expand advanced metal manufacturing modalities, possibly includes LPBF, ED, WAAM, and DED (ASX: 3DA | OTC: AMROF) 5 Chief Executive and Board ✓ Strong capital market experience ✓ All shares acquired alongside investors in placements, on market and off market transactions ✓ Deep industry and government relationships Board of Directors Eric Bono Executive Director Omer Granit Hank Holland Chairman & Chief Executive Officer Non-Executive Director Bob Latta Mr. Holland assumed the role of Chairman and CEO of Amaero in October, 2022. Holland and Pegasus Growth Capital led three capital raises in Amaero and own approximately 36% of shares. Non-Executive Director Mr. Holland was founder and Managing Partner of Pegasus Growth Capital. With 35 years of experience in investment, finance and capital market management across public Erik Levy and private markets, he has successfully sourced, structured and led investments in early-stage growth businesses. Holland has led successful investments in other portfolio companies, including LogicSource, Inc., a company that he acquired from Bain Capital Ventures. Mr. Holland has previously held senior roles at First Republic Investment Management, Merrill Lynch and Sanford C. Bernstein. He holds a B.S. in Civil Engineering from Southern Methodist University and a Master's in Agriculture from Colorado State University. Non-Executive Director Jamie Levy Non-Executive Director Alistair Cray Non-Executive Director (ASX: 3DA | OTC: AMROF) 5 Industry Leading Technical and Commercial Leadership Strategic hires of U.S.-based executives leads the technical and commercial development and manufacturing efforts at Amaero’s flagship manufacturing facility located in Tennessee “Amaero is fortunate to have attracted some of the pioneering and leading minds in the industry just as the Company shifts its focus to operational execution and excellence. Attracting talent of this caliber to join Amaero at this exciting juncture is another important milestone for the Company.” – Hank Holland, Chairman and CEO Technical 100+ Years of Combined Experience Eric Bono Commercial Chief Technical Officer Arun Chattopadhyay Fred Yolton Vice President Manufacturing Fellow – Powder Metallurgy & & Engineering Materials Engineering Dave Schmidt Director Computational Analysis Mick Maher Ron Aman Kenneth Davis H.R McMaster Chief Strategy & Commercial Officer Vice President Engineering Vice President Corporate Development Special Advisor to Chairman and CEO (ASX: 3DA | OTC: AMROF) Commercial & Financial Update Strong contracted revenue base, major defense and aerospace partnerships and growing customer orders position Amaero for significant growth in FY26 & beyond Select Financial Highlights ▪ Began the fiscal year with contracted revenue from long-term agreements and purchase orders that equaled ~80% of planned revenue for 1H FY26 ▪ Amaero reaffirms that it expects to significantly scale revenue in FY26 and achieve positive EBITDA in FY27 ▪ Amaero estimates Q1 FY26 revenue to be ~A$5.5M, a 550% increase from Q1 FY25 and an increase of 145% over the entirety of FY25 ▪ Amaero has a strong pipeline of commercial opportunities that include defense contracts, long-term strategic supplier agreements, development collaboration agreements and purchase orders Select Commercial Highlights ▪ Received contracts from a U.S. Department of Defense Prime Contractor and has closely collaborated with them over the past year. Expects to deliver First Article parts in September or October of 2025. First Article Qualification is an important step toward receiving contracts for production parts ▪ Ongoing collaboration with the Defense Prime Contractor and the production of First Article parts further establishes PM-HIP manufacturing as a mature technology that is an immediate and viable substitute for large castings and forgings ▪ Recently commenced a development collaboration with Boeing leveraging Amaero’s pioneering experience in PM-HIP manufacturing of large near-net-shape parts ▪ Received orders from 14 different customers that will ship in Q1 FY26. The orders include Niobium C103, pure Niobium, Tungsten (WHA), TZM and Titanium (Ti64) Note: Per Amaero ASX announcement on 13/08/25 (ASX: 3DA | OTC: AMROF) 02 Equity Raising Overview (ASX: 3DA | OTC: AMROF) Amaero is at an Inflection Point and Investing for Growth History of disciplined capital allocation • Current Financial Position of $70m in tangible assets and cash on the balance sheet1 • Highlighting that prev