Norsk Titanium (NTI) investor relations material

Executive summary

• Fabrizio Ponte appointed as new CEO, emphasizing commercial execution, operational readiness, and financial discipline, and bringing extensive global industrial experience.

• Proprietary additive manufacturing technology validated by OEMs, with installed capacity and a $7 billion addressable market, primarily in aerospace and defense.

• Advanced discussions for a third production order with Airbus and strong momentum in defense, including selection by ICAM for a major U.S. DoD development program.

• Added two new industrial parts in Q3, expanding into energy and semiconductor markets, and focused on scaling operations and diversifying the customer base.

• Ongoing framework agreements with leading OEMs and expanded sales organization to support growth initiatives.

Financial highlights

• $22 million raised through private placement and repair issue in Q3, extending financial runway and strengthening the balance sheet.

• Q3 revenue was $0.63 million; year-to-date revenue reached $2.61 million.

• Cash burn rate reduced from $2.9 million to $2.4 million, with a target to reach $2 million.

• Ended September with $22.6 million in cash, excluding net proceeds from the repair offering.

Outlook and guidance

• No specific revenue targets or guidance provided for next year or three years out; guidance approach under review.

• Revenues expected to remain modest in Q4 due to delayed aerospace scaling and lower semiconductor production rates.

• Focus on reducing cash burn, setting clear, achievable targets for 2024, and accelerating commercialization and profitable growth under new leadership.

• Entering 2026 with improved financial flexibility, efficient production, and a clear plan for profitable growth.