Norsk Titanium (NTI) investor relations material

Executive summary

• Additive manufacturing technology delivers mechanical properties equal to forging, targeting aerospace and defense markets with constrained titanium supply and growing demand.

• Over 2,000 defect-free parts delivered, including the world's largest additive manufacturing structural parts in civil aviation; qualified by two U.S. defense primes.

• Strategic focus on three pillars: core aerospace/defense OEM programs, RPD ecosystem deployment with OEMs, and rapid conversion of short-term industrial opportunities.

• Transitioning from engineering-led innovation to commercially accountable execution, focusing on sales revenue as the primary success metric.

• New customer-centric operating model with dedicated engagement teams to drive execution and revenue growth.

Financial highlights

• Approximately $500 million invested to date, with $375 million from equity and $125 million from a New York State grant.

• Market capitalization stands at around $104 million.

• Installed production base includes 35 machines with a 700-ton annual capacity and $300 million revenue capacity.

Outlook and guidance

• Significant near-term milestones include converting Airbus parts to revenue, scaling defense production from low to high rate, and deploying RPD ecosystems.

• No new break-even estimate provided; guidance timing remains uncertain due to milestone variability.

• Aiming to accelerate revenue conversion from short-cycle industrial and energy opportunities.