Amaero (3DA) Investor Update summary

Strategic partnerships and supply agreements

• Announced a five-year exclusive supply and development agreement with Titomic for spherical refractory and titanium alloy powders, supporting advanced manufacturing and U.S. defense supply chain alignment.

• Previous exclusive agreements include Admaero Castillon for C103 and refractory alloys, and Velo3D for U.S.-made metal 3D printing equipment.

• Collaboration with Titomic targets mission-critical parts requiring spherical powder, with initial shipments and revenue expected this quarter.

• Agreement is structured flexibly with no taker-pay commitment, focusing on joint development and qualification of new alloys.

Manufacturing strategy and capacity expansion

• Pursuing a dual strategy: strengthening the defense industrial base and supporting broader U.S. onshoring of manufacturing.

• Accelerating investment in atomizer capacity, with four atomizers planned by June 2027, and significant cost advantages in titanium powder production.

• Investing in argon recycling to further reduce production costs and enhance competitiveness.

• PM HIP (Powder Metallurgy Hot Isostatic Pressing) identified as a major growth area, with advanced technical capabilities and ongoing contracts with the U.S. Navy.

Financial and capital update

• Recently completed a capital raise to accelerate growth initiatives, including pulling forward atomizer investments and expanding production capacity.

• Maintains a disciplined capital allocation strategy, with $70 million of $98.5 million raised since 2022 still on the balance sheet.

• Fully funded for a $72 million CapEx program and targeted to reach EBITDA positive in FY2027.