Announcement PDF AMAERO INC. (ASX:3DA) FY2026 Full-Year Results – 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 22 July 2026 (ASX:3DA) Important Notice and Disclaimer This presentation has been prepared by Amaero Inc. (“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. This presentation is not a prospectus, product disclosure statement or other disclosure document under Australian law (or U.S. or any other law), and has not been lodged or filed with the Australian Securities and Investments Commission (or the U.S. Securities and Exchange Commission or any other regulatory body in Australia or abroad). This presentation contains summary information about Amaero and its activities, which is current as at the date of this presentation. The information included in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor should consider when making an investment decision. Each recipient of this presentation should make its own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Amaero and the impact that different future outcomes may have on Amaero. This presentation has been prepared without taking account of any person’s investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, make their own assessment of the information and seek legal, financial, accounting and taxation advice appropriate to their jurisdiction in relation to the information and any action taken on the basis of the information. The information included in this presentation has been provided to you solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. Unless required by applicable law or regulation, no person (including Amaero) is under any obligation to update or keep current the information contained in this presentation and any opinions expressed in relation thereto are subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, currency, accuracy, reasonableness or completeness of the information contained herein. Neither Amaero nor any other person accepts any liability and Amaero, its related bodies corporate and their respective directors, officers and employees, to the maximum extent permitted by law, expressly disclaim all liabilities for any loss howsoever arising, directly or indirectly, from this presentation or its contents. Recipients of this presentation should be aware that certain financial data included in the presentation may be considered "non-GAAP financial measures" within the meaning of Regulation G of the U.S. Securities Exchange Act of 1934. These non- GAAP financial measures, including adjusted EBITDA and backlog, do not have a standardized meaning prescribed by Australian Accounting Standards, International Financial Reporting Standards, or the Financial Accounting Standards Board, and therefore may not be comparable to similarly titled measures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards, International Financial Reporting Standards, or the Financial Accounting Standards Board. Although Amaero believes these non-GAAP financial measures provide useful information to recipients in measuring the financial performance and condition of its business, recipients are cautioned not to place undue reliance on any such measures. Financial information contained in this presentation is unaudited, unless otherwise stated, and is therefore subject to change. We provide backlog information in this presentation. Our backlog represents the portion of legally binding contracts that are expected to result in future revenue within the next twelve months and supports predictable revenue expansion and facilitates forward revenue visibility. Backlog may also include change orders for any contracts that have been formally contracted. Our backlog consists of firm orders for metal powder, which are not subject to any customer right of termination for convenience, and orders for PM-HIP components. Certain of our PM-HIP component contracts permit the customer to terminate for convenience. We are generally entitled to payment for work performed and costs incurred, subject to other adjustments, through the termination date, determined under the applicable contract’s terms. All backlog information in this presentation is as of 30 June 2026 unless otherwise noted. Certain market and industry data (including industry forecasts, projections, market sizes, market shares and market positions) included in this presentation has been obtained from public filings, research, surveys or studies conducted by third parties, including industry, government, and general publications, which has not been independently verified by Amaero, as well as from Amaero’s own internal estimates and research. Amaero cannot warrant or guarantee the adequacy, fairness, accuracy or completeness of such information. You should note that market data and statistics are inherently predictive and subject to uncertainty and not necessarily reflective of actual market conditions. There is no assurance that any of the industry or market forecasts, including management estimates, which are referred to in this presentation will be achieved. In addition, such data involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. In addition, while Amaero believes its own estimates and research are reliable, such estimates and research have not been verified by any independent source. This presentation includes forward-looking statements that reflect Amaero’s intentions, beliefs or current expectations concerning, among other things, Amaero’s results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which Amaero operates. Such forward-looking statements include, among other things, statements regarding Amaero’s expected financial future performance, the plans for and timing of a potential U.S. listing, Amaero’s continued production and revenue growth, capital deployment and operating cash usage, plans to advance the qualification of certain components through collaborations with Bechtel Plant Machinery and the U.S. Navy, progress towards the completion of our development program with the U.S. Department of War, and the establishment of Amaero’s role for hypersonic and space applications. Such forward-looking statements may include financial projections which involve a significant element of subjective judgement, projection and analysis by Amaero’s management (that may or may not be correct) and estimates made by Amaero’s management that are based on uncertain events that may or may not occur. Such projections have not been endorsed, adopted or approved by Amaero’s Board of Directors as likely to be accurate (nor have they been adopted by the Board as a forecast). These forward-looking statements are subject to risks, uncertainties and assumptions and other factors, many of which are beyond the control of Amaero. Amaero cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition, liquidity, performance, prospects, growth or opportunities and the development of the industry in which Amaero operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, Amaero does not guarantee any particular rate of return or the performance of Amaero nor does it guarantee the repayment or maintenance of capital or any particular tax treatment. Investors should note that past performance may not be indicative of results or developments in future periods and cannot be relied upon as an indicator of (and provides no guidance as to) Amaero’s future performance. Amaero, its related bodies corporate and each of their respective directors, officers and employees expressly disclaim any obligation or undertaking to review, update or release any update of or revisions to any forward-looking statements in this presentation or any change in Amaero’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation. This presentation and any materials distributed in connection with this presentation are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe any such restrictions. (ASX:3DA) Executive Summary Delivered FY2026 revenue of A$18.1M(1), in line with A$18–20M guidance(2) Record revenue of A$7.8M(3) in Q4 FY2026, with additional A$1.3M(3) of titanium shipments deferred to Q1 FY2027 Backlog of A$23.1 million(4), including A$8.5 million of additional contracts since 30 June, of which A$12.9 million relates to work currently scheduled to be completed by 31 December 2026 With commissioning of third atomizer, scaled powder production capacity to 680 MT per year to support growth Completed redomiciliation and PCAOB audit. Confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission Potential U.S. listing targeted for late CY2026 / early CY2027, subject to market conditions and the completion of the SEC review process 1 ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6554 in Q1 FY2026, $0.6554 in Q2 FY2026, $0.6955 in Q3 FY2026, and $0.7049 in Q4 FY2026. (2) ASX Announcement, 15 January 2026, Updated FY2026 Financial Guidance and December Quarter Activity. (3) Reflects AUD:USD exchange rate equal to $0.7049. (4) Reflects AUD:USD exchange rate equal to $0.6869. (ASX:3DA) Financial Performance FY2026:SelectFinancial Highlights FY2026 Revenue A$18.1 million(1) ▪ Increased 376% vs FY25 ▪ Includes A$15.6 million powder and A$2.6 million PM-HIP ▪ In line with A$18–20 million guidance disclosed in January(2) Q4 FY2026 Revenue A$7.8 million(3) ▪ Record quarterly revenue with additional A$1.3 million in titanium shipments deferred to Q1 FY2027 ▪ 417% growth vs Q4 FY2025 Backlog A$23.1 million(4,5) ▪ Supports revenue visibility ▪ Includes A$8.5 million of additional contracts since 30 June 2026 ▪ A$12.9 million relates to work currently scheduled to be completed by 31 December 2026 DoW Contract Award A$6.5 million(4,6) ▪ 13-month program for the development of alternative refractory alloy powders ▪ Further establishes Amaero’s role in next- generation refractory alloy powders Advancing Strategic Initiatives ▪ Appointed Tim “TJ” Johnson to the Board ▪ Completed redomiciliation to the United States and PCAOB audit ▪ Confidentially submitted draft registration statement with the SEC ▪ Positioned for potential U.S. listing in late CY2026 or early CY2027, subject to market conditions and completion of SEC review process Recent Commercial Milestones ▪ A$6.5M DoW contract to develop alternative refractory alloys ▪ PM-HIP production contract awarded by BPMI ▪ Secured A$7.8M Master Purchasing Agreement for FY2027 titanium alloy powder deliveries(7) ▪ Executed 3-year exclusive Master Purchasing Agreement with UPM(8) 2 ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6554 in Q1 FY2026, $0.6554 in Q2 FY2026, $0.6955 in Q3 FY2026, and $0.7049 in Q4 FY2026. (2) ASX Announcement, 15 January 2026, Updated FY2026 Financial Guidance and December Quarter Activity. (3) Reflects AUD:USD exchange rate equal to $0.7049. (4) Reflects AUD:USD exchange rate equal to $0.6869. (5) Backlog as of 22 July 2026. (6) ASX Announcement, “Amaero Awarded A$6.5 Million Contract from U.S. Department of War”, 22 July 2026. ________________________ (7) ASX Announcement, “Amaero Signs Supplier Agreement with A$7.8M Order for Titanium Powders”, 10 April 2026. (8) ASX Announcement, “Quarterly Activities Report for the Period Ending March 2026”, 21 April 2026. (ASX:3DA) 12% 15% 28% 11% 9% 88% 85% 72% 89% 91% A$4.7 A$3.1 A$2.6 A$7.8 A$1.3 A$9.1 Q1 FY2026 Q2 FY2026 Q3 FY2026 Q4 FY2026 Titanium Powder Orders Deferred to Q1 FY2027 Q4 FY2026 Adjusted Revenue Revenue Inflection Reflects Scaled Production and Commercial Momentum TTM Revenue(2) AUD, millions ▪ Record Q4 FY2026 revenue, representing 417% YoY growth, reflects accelerating commercial momentum ▪ A$1.3 million of titanium powder orders were deferred to Q1 FY2027 due to a six-week titanium production pause ▪ Q4 growth was supported by shipments of 30 PM-HIP components and titanium and refractory powders across 19 unique customers, demonstrating continued execution against contracted demand ▪ TTM revenue increased 376% YoY to A$18.1 million 3 Powder PM-HIP YoY Growth 313% 384% 347% 376% Quarterly Revenue(1) AUD, millions YoY Growth 336% 423% 301% 417% Powder PM-HIP ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6554 in Q1 FY2026, $0.6554 in Q2 FY2026, $0.6955 in Q3 FY2026, and $0.7049 in Q4 FY2026. (2) Reflects AUD:USD exchange rate equal to $0.6589 in Q2 FY2024, $0.6645 in Q3 FY2024, $0.6593 in Q4 FY2024, $0.6619 in Q1 FY2025, $0.6619 in Q2 FY2025, $0.6377 in Q3 FY2025, $0.6377 in Q4 FY2025, $0.6554 in Q1 FY2026, $0.6554 in Q2 FY2026, $0.6955 in Q3 FY2026, and $0.7049 in Q4 FY2026. 20% 18% 19% 14% A$18.1 13% 80% 82% 81% 86% 87% A$7.4 A$9.9 A$11.8 A$18.1 A$1.3 A$19.5 Q1 FY2026 Q2 FY2026 Q3 FY2026 Q4 FY2026 Titanium Powder Orders Deferred to Q1 FY2027 Q4 FY2026 Adjusted Revenue (ASX:3DA) (ASX:3DA) 4 ▪ Awarded A$6.5M(1) / US$4.5M contract from the U.S. Department of War for the development of alternative refractory alloy powders ▪ 13-month development program expected to be completed in August 2027 ▪ Program objective is to reduce refractory alloy powder cost while reducing reliance on foreign sources for critical raw materials ▪ Amaero will down-select two alternative high-temperature refractory alloys and produce powders using its advanced gas atomization technology ▪ Further establishes Amaero’s role in next-generation refractory alloy powders for hypersonic and space applications A$6.5M Contract Value A$6.5 Million Contract from U.S. Department of War ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6869. (ASX:3DA) A$14.6 A$23.1 A$8.5 US$10.0 US$5.8 US$15.9 Backlog As of 30 June 2026 Additional Contracts Since 30 June 2026 Backlog As of 22 July 2026 Backlog Supports Revenue Visibility Backlog(1) USD and AUD, millions ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6869. 5 Backlog of A$23.1 million, including A$8.5 million of additional contracts since 30 June, of which A$12.9 million relates to work currently scheduled to be completed by 31 December 2026 Powder PM-HIP BacklogHighlights ▪ Backlog supported by purchase orders and customer contracts ▪ Includes both powder and PM-HIP contracts, reflecting broadening commercial traction ▪ 28+ MT of titanium powder contracted for Q3 CY2026 ▪ 26 unique customers ▪ Continued PM-HIP contracting momentum supported by submarine industrial base demand (ASX:3DA) 200 440 680 920 A$18.2 A$32.6 A$51.6 A$64.0 A$80.0 A$90.1 A$94.0 3 Year Capital Investment Plan With ~A$80M deployed as of June 2026, Amaero is at a clear inflection point, having commissioned production capacity and commenced scaling revenue CY2023-2025 Deliberate and Disciplined Investment in Tangible Assets CY2026-2027 Scaling Production and Revenue Growth CY2028+ Margin Expansion Jun-2025 Jun-2024 Jun-2026 Jun-2027 • ~A$80M deployed as of June 2026, including: • 3 EIGAs commissioned and an additional EIGA ordered • Argon Gas Recycler ordered and will be commissioned in early CY2027 • Completed fit-out of Tennessee Facility • Commenced commercial sale of refractory and titanium powders • 680 tons / yr powder capacity, increasing to 920 tons / yr in 2027 • Dedicated PM-HIP capacity • Exclusive supplier agreements • Accelerating operating leverage Capital deployed translates directly into production capacity Powder Production Capacity (MT / yr) ________________________ (1) Gross PP&E plus inventory. (2) Reflects AUD:USD exchange rate equal to $0.6624 on June 30, 2024, $0.6217 on December 31, 2024, $0.6550 on June 30, 2025, $0.6693 on December 31, 2025, $0.6869 on June 30, 2026, and $0.6943 on December 31, 2026 and June 30, 2027. 6 (ASX:3DA) A$38.3 A$6.9 -A$6.5 -A$4.4 -A$8.5 -A$0.4 A$25.2 A$4.7 A$29.9 March 31 2026 Cash Position EXIM Disbursements Net Cash from Operations Inventory Purchases CapEx Exchange Rate Impact June 30 2026 Cash Position Final EXIM Disbursement Pro Forma Cash After EXIM Disbursement Cash Deployment & Position Driven by planned capital deployment and operating cash usage Q4 FY2026CashBridge(1) AUD, millions Cash used in operations includes ~A$1.4M in non-recurring cash expense related to redomiciliation, PCAOB audit, and potential IPO 7 ________________________ (1) Reflects AUD:USD exchange rate equal to $0.6845 on March 31, $0.6869 on June 30, and $0.7049 in Q4 FY2026. (2) Includes A$4.9 million restricted cash held pursuant to EXIM loan terms. The restricted cash becomes available to fund principal and interest payments once Amaero achieves a 1.2x debt service coverage ratio. (3) Cash used in operations excluding inventory purchases. (4) Includes A$5.8 million restricted cash balance; may not sum due to rounding. (5) EXIM Bank disbursement of A$4.7 million for previously incurred capital expenses expected to be received in July 2026. (2) (4) (5) (3) (ASX:3DA) (ASX:3DA) 8 ▪ Completed a comprehensive process, system, and facility safety review with Jensen Hughes, a leader in safety and risk-based engineering, and implemented remediation and improvements ▪ Titanium powder production has resumed following a six-week pause ▪ ~A$1.3M(1) (US$0.9M) of titanium powder orders were deferred to Q1 FY2027 ▪ No purchase order cancellations or employee attrition during the production pause ▪ PM-HIP manufacturing and refractory powder production were not impacted ▪ Completed commissioning of third EIGA Premium atomizer ahead of schedule ▪ Now operating three EIGA atomizers: one refractory and two titanium, representing annual capacity of ~200 MT refractory and ~480 MT titanium ▪ Argon recycling plant on track for commissioning Q1 CY2027; 4th EIGA on track for commissioning June 2027 Operational and Production Update ________________________ (1) Reflects AUD:USD exchange rate equal to $0.7049. (ASX:3DA) 9 Investors Amaero Ltd (Australian parent) Amaero Operations Investors Amaero Inc. (NEW U.S. parent) Amaero Operations (unchanged) Redomiciliation to the United States Complete Positions Amaero as a sovereign advanced materials and manufacturing leader ▪ Amaero completed a Scheme Implementation Deed process to redomicile to the U.S. ▪ Amaero Inc., a Delaware corporation, is now the ultimate parent company ▪ Shareholders retain equivalent economic ownership via CDIs ▪ ASX listing maintained under existing ticker (3DA) ▪ Operations, strategy, and management remain unchanged ▪ Completed PCAOB audit to align to U.S. reporting standards ▪ Confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission Corporate parent has shifted to the U.S.; investors maintain equivalent ownership and continue trading on the ASX Structure Transition Old New Timeline MARCH 2026 TJ Johnson Nominated to Join Amaero Board JUNE 2026 Shareholder Approval Received June 5th at EGM Redomiciliation Became Effective on June 22nd MAY 2026 Scheme Booklet Distributed FEBRUARY 2026 Announced Intention to Redomicile JULY 2026 Audit Completed Confidentially submitted draft registration statement (ASX:3DA) 10 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 market conditions and the completion of the SEC review process (ASX:3DA) (ASX:3DA) 11 PM-HIP Production Contract Awarded by BPMI ▪ Awarded low-rate-initial-production contract valued at US$344,000(1) by BPMI, a defense prime contractor, to produce piping in support of critical submarine industrial base needs ▪ Closely collaborated with BPMI and the U.S. Navy over the past two years to advance development, demonstration, first article, and low-rate-initial-production projects ▪ Six contracts were previously awarded by BPMI, with work ranging from development and demonstration to first article and production ▪ Successful progress from prior contracts positions Amaero to commence receiving production contract awards for critical submarine components ▪ U.S. Navy recently announced support for PM-HIP as a mature manufacturing technology and a viable alternative for large casting and forging supply chain challenges ▪ BPMI has previously announced estimated demand for up to 400 PM-HIP components per year to support current and near-term shipbuilding needs ▪ Amaero looks forward to advancing the qualification of more critical submarine components through continued collaboration with BPMI and the U.S. Navy ________________________ (1) ASX Announcement, “Piping Contract Awarded from BPMI for Submarine Industrial Base”, 1 July 2026. (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 12