Volatus Aerospace (FLT) Small Cap Growth Virtual Investor Conference summary

Strategic positioning and market trends

• Focuses on dual-use aerial intelligence and logistics, serving regulated sectors like energy, infrastructure, and public safety.

• Emphasizes autonomy, remote operations, and persistent sensing as core capabilities aligned with current government and defense priorities.

• Shifts in global priorities favor proven commercial platforms over experimental systems, benefiting scalable, long-term partners.

• Leverages commercial operations for scale, regulatory credibility, and operational data, enabling efficient transition to defense applications.

• Platform-agnostic approach and centralized operations allow for efficient, persistent, and scalable mission execution across geographies.

Financial performance and growth

• Achieved 60% revenue growth in Q3 2025, reaching CAD 10.6 million, with gross margins between 32% and 34%.

• Revenue mix is balanced: 47% services, 53% equipment; profitability is improving with EBITDA drain reduced to under CAD 500,000 per quarter.

• Ended 2025 with CAD 40 million on the balance sheet, CAD 20 million in annual recurring revenue, and a CAD 10 million backlog.

• Trades at less than 13x trailing 12-month revenue, while peers trade at over 90x, indicating a valuation gap.

• Insider holdings are at 21%, with all full-time employees participating as shareholders.

Operational highlights and expansion

• Operates across Canada, the US, UK, Europe, and Latin America, with a strong presence in the energy sector, especially pipeline monitoring.

• Recently established a US base in Tulsa, Oklahoma, to expand pipeline operations and expects continued growth in this sector.

• Plans to transition from piloted aircraft to drones for pipeline monitoring, leveraging existing customer relationships.

• Announced a new manufacturing facility in Mirabel, near Montreal, to support domestic production of large drones, aligning with government priorities.

• Leadership team brings over 130 years of combined aerospace experience, supporting operational excellence.