AMAERO LTD — Investor Presentation 2021

Nov 25, 2021

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ASX:3DA

CEO’s Presentation

1

Disclaimer

This presentation has been prepared by Amaero International Limited ACN 633 541 634 (“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 any other law), and has not been lodged with the Australian Securities and Investments 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.

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. 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 forwardlooking 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.

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Corporate timeline

Commission of SP100 and SP500 in Los Angeles Tooling development agreement secured with Fletcher Insulation

ASX Listing Fitout of Los Angeles facility Order and build of 3D printing machines

Q1 2020 Q2 2020

Q4 2019

Christopher Pyne, Patrick Shanahan appointed to Advisory Board David Wolf appointed as defence offsets advisor Adelaide facility launched EOS M400 installed Factory testing of SP500, SP100 machines completed Award of AS9100 Certification (Melbourne)

HoA submitted for Middle East printing facility Titanium powder plant announced DISP Approval Tuan TranPham appointed to Advisory Board Testing Gilmour Space HoA and development for Lease secured for Fletcher’s tooling testing titanium plant; Strategic Alloys JV and development building specs and with PPK completed layouts confirmed Confirmed properties of Boeing PO for Amaero H.O.T Co evaluation parts Q4 2021 Ken Davis Q3 2021 to date Q2 2021 appointed as VP North America Memko teaming Titanium plant agreement progress: equipment Placement raises ordered, key $9m personnel recruited, Q1 2021 test of technology confirms improved SPP raises $4.825m Q4 2020 yields and earnings Nissan PO for tooling upgrade from $30m Raytheon PO for up to $40m. Expected evaluation ROI on capex now specimens secured approx. 5 months Q3 2020 Rio Tinto agreement Award of AS9100 Certification (Adelaide)

Award of AS9100 Certification (Los Angeles) SP260 and SP400 machines launched PO secured with Gilmour Space Tooling PO secured with SMR

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Key projects

Gilmour Space

Titanium Powder

Middle East

Fletcher Insulation

Boeing

Plant

• Development of a • Testing and developing • Purchase order for • HoA to lead to a long-

• • proposed 3D printing an additive evaluation parts term supply agreement Will enable production of aerospace-grade centre in the Middle manufacturing tooling • Amaero building out its for the manufacture of East application for Fletcher’s rocket components

• titanium to the highest USA facilities to cater for standards at • Funded by one of the Glass “pink batts” expanded relationships • Supply agreement is insulation systems

• approximately half the world’s largest with Boeing's various expected to deliver total cost of the nearest defence companies • Amaero has built a divisions revenues to Amaero of competitor • Project anticipated to protoype for a recycled approximately $1.7m

• • Planned to be be worth more than Fletchers Glass spinner • Production of the constructed and $100m and the • Heads of Agreement components for the commissioned over a 12largest metal 3D (HoA) expected to be supply agreement will month period printing facillty of its signed this quarter commenced in Q4 2021

• • type globally Located in Victoria, Australia

• • Titanium powder manufacture to play a major role in revenue and profit generation in the short-medium term.

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FY21 highlights

• ✓ Successful build of the recycled Fletcher Insulation glass spinner with IN718 alloy completed, spinner tooling repair patent finalised, full specification filed and production geometry in the production alloy built

• ✓ Delivery of Purchase Order to Boeing

• ✓ Receipt of first batch of ingots manufactured by Rio Tinto under collaboration for “Amaero HOT Al”

• ✓ Draft Heads of Agreement submitted for proposed 3D printing centre in the Middle East

• ✓ Establishment of Joint Venture company with PPK Group (ASX: PPK) to focus on the development of new super strength alloys

• ✓ Christopher Pyne and Tuan TranPham appointed to Global Advisory Board; Ken Davis appointed VP of North American operations

• ✓ Placement and SPP raise $13.825 million; cash balance of approximately $11.5 million

• ✓ Amaero investing heavily in R&D which is applications focused - R&D tax refunds received of >$500k

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Completed build of the Fletcher tool

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Amaero H.O.T. Co 3D printed

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1H FY22 update

Titanium plant announced:

• New plant expected to be the most advanced titanium alloy powder plant in the world

• Revised revenue guidance for the plant to ~A$40.8m p.a. following evaluation trials confirming yields of metal powder products are better than the base case

• Lease for facilities secured; select component testing completed, machines being constructed

Gilmour Space:

• Heads of Agreement (HoA) secured: will lead to a long-term supply agreement for the manufacture of rocket components expected to deliver total revenues of ~ $1.7m

Fletcher Insulation:

• After some delays, we expect an HoA to be signed this quarter.

• Alloy developed with an increase of 22% yield strength at 2100 F and 32% harder under a Vickers hardness test

Rio Tinto:

• Freight delays due to ongoing COVID-19 supply chain issues have caused project timing slippage.

• First batch is being atomised into powder and testing will commence in the current quarter.

• Second shipment of Amaero H.O.T. Al has left Rio Tinto

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Powder from Amaero tech trial (SEM)

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Second shipment of Amaero H.O.T. Al leaves Rio Tinto

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Market opportunity

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Growth strategy

Our growth strategy is to focus on immediately addressable commercial opportunities (such as the tooling market) whilst still providing growth optionality through long-term R&D with the global defence and aerospace industries.

Growth strategy Our growth strategy is to focus on immediately addressable whilst still providing growth optionality through long-term R	Growth strategy Our growth strategy is to focus on immediately addressable whilst still providing growth optionality through long-term R	commercial &D with the	opportunities (such as the tooling market) global defence and aerospace industries.	opportunities (such as the tooling market) global defence and aerospace industries.
Short term (1-2 years)	Medium t (3-5 yea	erm rs)		Longer term (5+ years)
• Manufacture and sales of metal powders • Assist countries to establish independent additive manufacturing facilities. • Expand manufacture of components, tooling and services (e.g., Fletcher Insulation). • Development and sale of 3D printing machines (and turnkey packages). • Manufacture of components for aviation, defence and space. • Development of additional alloy powders for sovereign capability in critical metals, including future materials in collaboration with our customers (e.g., Strategic Alloys JV with PPK).	• Finalise expansion plan for the titanium powder plant rollout, expected to be between 5-10 times capacity of proposed plant. • Demonstrate our technology and solutions expertise in qualification projects and pre- production for large projects in the defence and aerospace sector (e.g., defence prime contracts). • Expansion of US facility to accommodate customer demand. • Release of new machines with higher- performance lasers. • Future materials on offer.	n for the titaniu xpected to be apacity of propo nology and solu on projects and ojects in the e sector (e.g., cts). y to accommod		• Further expansion of international presence • Further expansion of powder manufacturing and future materials. • Further expansion of additive manufacturing facilities. • Consider strategic M&A opportunities to deliver more extensive value chain coverage

Focus areas:

• Improve competitiveness and efficiencies in winning and delivering contracts with USA-based clients

• Expand presence in the tooling market (especially US) and in plastic injection tools and die casting moulds

• Sale of SP series 3D printers and consumable metal powders for the rapidly growing AM sector

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Outlook: Next 6-12 months

• Construction and commissioning of titanium alloy powder plant

• HoA and tooling maintenance agreement expected to be secured with Fletcher Insulation

• HoA and binding agreement for Middle East project

• Additional purchase orders expected from Boeing following certification of multiple projects

• Further development and scale-out of H.O.T. Al production with Rio Tinto

• A number of key agreements with aerospace and defence firms expected to be signed

• Further expansion of US facilities expected

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Artist's impressions of proposed Titanium alloy powder plant

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Thank you. Questions?

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