Announcement PDF AMAERO LTD (ASX: 3DA | OTC: AMROF) Q3 FY2026 Investor Presentation 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 21 April 2026 (ASX: 3DA | OTC: AMROF) Important Notice and Disclaimer This presentation has been prepared by Amaero Ltd (ACN 633 541 634) (“Amaero” or the “Company”) and does not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Amaero or any member of its group nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of Amaero or any member of its group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. 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(ASX: 3DA | OTC: AMROF) Executive Summary Delivered Q3 FY26 results in line with expectations Strong Q4 backlog supports full-year revenue visibility Reaffirmed FY26 revenue guidance of A$18–20M Advanced key milestones: re-domiciliation, PCAOB audit, potential U.S. listing Continued commercial traction and pipeline expansion 1 (ASX: 3DA | OTC: AMROF) Financial Performance Q3 FY26:SelectFinancial Highlights Revenue A$2.6 million ▪ Increased 301% vs Q3 FY25 ▪ Includes A$1.8 million powder and A$0.7 million PM-HIP ▪ In line with A$2.5 million in contracted revenue disclosed in January(1) Q4 Contracted Revenue A$8.4(2) million ▪ A$8.4 million in contracted revenue to be recognized in Q4 FY26 ▪ Provides strong visibility into near-term revenue delivery ▪ Compared to A$7.2 million in contracted revenue disclosed in January(1) FY26 Revenue Guidance 100% contracted ▪ Reaffirming FY26 revenue guidance of A$18–20 million ▪ A$18+ million of FY26 revenue contracted Disciplined Management of G&A +18% YoY ▪ G&A expenses scaling modestly relative to revenue growth ▪ Supports operating leverage as production ramps ▪ Spend focused on core operations, not G&A expansion Cash Balance A$38.3 million ▪ Includes A$4.9 million restricted cash ▪ Reflects continued rollout of capital investment plan ▪ EXIM Bank disbursement of A$5.8 million for previously incurred capex expected to be received in April Advancing Strategic Initiatives ▪ Tim "TJ" Johnson nominated to join the Board ▪ Re-domiciliation expected to be completed by the end of FY2026 ▪ PCAOB audit expected to be completed by the end of FY2026 ▪ Potential U.S. listing in late CY2026 or early CY2027 2 ________________________ (1) ASX Announcement, 15 January 2026, Updated FY2026 Financial Guidance and December Quarter Activity. (2) Reflects AUD:USD exchange rate equal to $0.6845 as of 31 March 2026. (ASX: 3DA | OTC: AMROF) A$0.9 A$1.4 A$1.5 A$1.7 A$2.2 A$1.7 A$2.4 A$5.9 A$8.2 A$9.6 A$2.6 A$3.8 A$7.4 A$9.9 A$11.8 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 Q4 FY2026 Accelerating TTM Revenue TTM Revenue AUD, millions +347% YoY ▪ TTM revenue increased 347% YoY, driven by accelerating commercial traction ▪ Powder revenue ramp driven by exclusive supplier agreements and secured demand ▪ PM-HIP ramp reflects longer sales cycles, customer qualification, and manufacturing lead times; PM-HIP growth expected to outpace overall growth and increase mix over time 3 Powder PM-HIP A$18 – A$20 (ASX: 3DA | OTC: AMROF) A$4.7 A$3.1 A$2.6 A$10.3 A$8.4 Q1 FY26 Q2 FY26 Q3 FY26 YTD FY26 Actual Q4 FY26 Contracted FY2026 FY26 Guidance 100% Contracted Full-YearFY26Revenue Bridge AUD, millions A$18M+ 100% contracted Q4 visibility underpinned by contracted revenue A$18M – A$20M Guidance Reaffirmed FY26 Guidance: A$18M - A$20M 4 ________________________ (1) ASX Announcement, 15 January 2026, Updated FY2026 Financial Guidance and December Quarter Activity. (2) Compared to A$2.5 million in contracted revenue disclosed in January. (3) Compared to A$7.2 million in contracted revenue disclosed in January. (1,3) (1,2) A$18 – A$20 (ASX: 3DA | OTC: AMROF) A$15.8 A$16.1 A$16.7 A$18.0 A$18.6 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 A$2.6 A$3.8 A$7.4 A$9.9 A$11.8 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 Capital Deployment Aligned with Growth Spend profile aligned with scaling production, not overhead expansion Investment inTangibleAssets(1) DisciplinedManagementofG&AExpenses ✓ Supports production ramp ✓ Enables revenue delivery ✓ Mitigates tariff / supply risk A$40.9 A$51.6 A$58.4 A$64.0 A$72.0 Q3 FY2025 Q4 FY2025 Q1 FY2026 Q2 FY2026 Q3 FY2026 ________________________ (1) Gross PP&E plus inventory. (2) General and administrative expenses from continuing operations excluding non-cash share-based compensation. (3) Excludes A$0.5 million of non-recurring US Listing & Redomicile expenses. Tangible Assets AUD, millions AUD, millions TTM Revenue +347 YoY% TTM G&A Expenses(2) +18% YoY Disciplined G&A expense management supports operating leverage as revenue scales (3) 5 (ASX: 3DA | OTC: AMROF) Cash Deployment & Position Driven by planned capital deployment and operating cash usage Q3 FY2026CashBridge AUD, millions Reflects ongoing execution of capital plan and liquidity management 6 A$52.6 -A$7.1 -A$0.6 -A$5.4 -A$1.2 A$38.3 A$5.8 A$44.1 Dec. 31 2025 Cash Position Net Cash from Operations Inventory Purchases CapEx Exchange Rate Impact Mar. 31 2026 Cash Position EXIM CapEx Reimbursement Proforma Cash Position for CapEx Reimbursement ________________________ (1) Includes A$5.0 million restricted cash balance. (2) Includes A$4.9 million restricted cash balance. (3) EXIM Bank disbursement of A$5.8 million for previously incurred capital expenses expected to be received in April 2026. (3) (1) (2) (ASX: 3DA | OTC: AMROF) Investors Amaero Ltd (Australian parent) Amaero Operations Investors Amaero US HoldCo (NEW U.S. parent) Amaero Operations (unchanged) Re-domiciliation to the United States Underway Positioning Amaero as a U.S.-domiciled advanced materials and manufacturing leader ▪ Amaero has entered into a Scheme Implementation Deed to re-domicile to U.S. ▪ New Delaware parent company (Amaero US HoldCo) to become ultimate parent ▪ Shareholders retain equivalent economic ownership via CDIs ▪ ASX listing maintained under existing ticker (3DA) ▪ Operations, strategy, and management remain unchanged ▪ Engaged PCAOB-registered auditor (BDO USA) to align to U.S. reporting standards Corporate parent will shift to the U.S., while investors maintain equivalent ownership and continue trading on the ASX Structure Transition 7 Old New Timeline MARCH 2026 TJ Johnson Nominated to Join Amaero Board JUNE 2026 Re-domiciliation Expected to be Completed, subject to shareholder and regulatory approvals, by the end of June 2026 Audit Expected to be Completed MAY 2026 Scheme Booklet Expected to be Distributed to shareholders in early May 2026 FEBRUARY 2026 Announced Intention to Re-domicile (ASX: 3DA | OTC: AMROF) Aligning with U.S. Growth and Capital Markets U.S.MarketPositioning CapitalAccess Strategic Flexibility ▪ Aligns with U.S. defense & sovereign manufacturing growth ▪ Greater visibility with U.S. customers and stakeholders ▪ Improves comparability vs U.S.- listed peers ▪ Positions Amaero to satisfy U.S. foreign ownership, control and influence (FOCI) requirements, supporting eligibility for classified defense contracts ▪ Access to larger, deeper U.S. investor base ▪ Potential for improved valuation & liquidity ▪ Enhanced access to lower-cost debt & equity capital ▪ Simplifies structure for M&A / partnerships ▪ Better alignment with U.S. strategic counterparties ▪ Positions company for a potential U.S. IPO and listing in late CY2026 or early CY2027 subject to equity market conditions 8 (ASX: 3DA | OTC: AMROF) (ASX: 3DA | OTC: AMROF) EXIM Bank Increases Loan Commitment to US$26.1 Million 9 Amendment reflects increased approved funding and continued support from U.S. government-backed financing program ________________________ (1) ASX Announcement, 26 February 2025, Credit Agreement Signed for US$22.8 Million Loan from Export-Import Bank. ▪ US$3.3 million increase from the US$22.8M previously announced(1) ▪ Reinforces EXIM Bank’s commitment to Amaero’s platform and growth plan and further aligns the company with EXIM Bank’s Make More in America (MMIA) initiative ▪ Provides additional non-dilutive capital to support incremental capex deployment US$26.1M Total approved EXIM loan (ASX: 3DA | OTC: AMROF) Scaling U.S. Distribution Through Strategic UPM Partnership 10 Three-year exclusive distribution agreement delivering immediate revenue and access to a large, established distribution network ▪ Amaero appointed as exclusive supplier of titanium powders under the agreement ▪ Initial purchase order of 4,000 kg received, included in FY2026 contracted revenue ▪ UPM to maintain minimum inventory of 4,000 kg (2,000 kg per specification), with ongoing replenishment orders to sustain inventory levels ▪ Adds a scaled distribution channel with immediate revenue contribution and recurring volume potential UnitedPerformanceMetals ▪ United Performance Metals, LLC (“UPM”) an O’Neal Industries affiliate, is a global provider of high-quality materials, advanced manufacturing solutions, and specialized supply chain services for critical industries ▪ UPM’s parent, O’Neal Industries, generated an estimated US$3.4 billion in sales in 2025 4,000 kg Contracted minimum UPM inventory commitment We are excited to partner with Amaero to distribute their titanium powder and expand access to high-performance materials for advanced manufacturing applications. Amaero’s expertise in titanium powder aligns well with our commitment to delivering reliable materials and supply chain solutions that support the evolving needs of our customers. - JJ Johnson, General Manager of UPM Advanced Solutions “ ” (ASX: 3DA | OTC: AMROF) A$7.8 Million Titanium Agreement Supports FY2027 Revenue Visibility 11 Long-term supply agreement with committed volumes and expansion upside reinforces commercial momentum A$7.8M Minimum contracted revenue (FY2027 shipments) ✓ Commercial validation at scale – single contract approximates FY2026 titanium revenue ✓ Embedded growth optionality – minimum commitment with expected expansion ✓ Improving forward visibility – contracted shipments underpin FY2027 revenue ramp ▪ Strengthens revenue visibility entering FY2027 ▪ Customer expects FY2027 orders to exceed minimum commitment ▪ Reinforces demand driven by accelerating LPBF / additive adoption Agreement Overview Strategic Implications ▪ 1-year Master Purchasing Agreement(1) with minimum commitment ▪ Equivalent to total FY2026 titanium powder revenue ▪ Equal quarterly shipments (July 2026 → June 2027) ▪ Fixed pricing on committed volumes with upside from additional orders ~100% Planned increase in titanium powder production in FY2027 over FY2026 ________________________ (1) ASX Announcement, 10 April 2026, Amaero Signs Supplier Agreement With A$7.8 Million Order For Titanium Powders. (ASX: 3DA | OTC: AMROF) Commercial Traction & Strategic Partnerships Long-Term Partners Q4 FY26Commercial Momentum Government &DefenseEndUsers 12 1 2 3 4 5 Trusted by leading organizations in defense, aerospace, and advanced manufacturing for their mission critical materials and parts +62% Q4 FY26 titanium revenue expected to increase 62% compared to Q3 FY26. Reflects full capacity utilization for current quarter 14 Refractory alloys in the Q4 backlog 14 Active PM-HIP contracts 6 (ASX: 3DA | OTC: AMROF) Amaero Headquarters 130 Innovation Drive McDonald, TN 37353 U.S.A. info@amaeroinc.com Investor Relations (United States) MZ Group Shannon Devine amaero@mzgroup.us (914) 352-5853 www.amaeroinc.com Investor Relations (Australia) Jane Morgan Management Jane Morgan jm@janemorganmanagement.com + 61 (0) 405 555 618 13