ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED — AGM Information 2009

May 28, 2009

Annual General Meeting 29 Ma 2009 y

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Review of 2008 Performance

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Annual Revenue
60
50
40
30
20
10
0
2006 2007 2008
ons
$A Milli
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Stabilised & diversified around new programs and markets

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Review of 2008 Performance

Profit/Loss

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5
0
2006 2006 2007 2007 2008
(5) 2008
(10)
(15)
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(35)
5% profit on $40m revenue
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$ M illion
A
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Review of 2008 Performance

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Finance: asC h + nvenI tory Cash Inventory
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30
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2006 2007 2008
lions
A$ Mil
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Cash + Inventory stable, providing a base for growth

Key Elements in 2008 Results

• Re-sizing

• 50% reduction in staff

• strategic partners engaged for large programs

• capacity recovery will use more outsourcing

• Disciplined execution

• Space and military programs held on track

• Product and customer diversification

• new roducts for a wider ran e of customers p g

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The Way Forward

The last statement made at the 2008 Annual General Meetin : g

“2008 will be a year of consolidation after setbacks in 2007” This consolidation continues into 2009, now in parallel with activities to reinforce future growth

.

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Growth: Weapon Systems

• Product range diversification on track with 200/400/600 lb categories now available

• Existing customer business sustained

• Customer diversification on track with targeted new customers engaged

• Inquiry rates exceeding expectations

• New strategic partners engaged to accelerate product and market diversification

• Inventory accumulated to support customers

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Growth: Space Business

• Space ground segment operations continue normally, providing revenue and a base for future expansion

• Telescope business is achieving performance milestones and building customer confidence

• Space surveillance requirements world-wide escalating due to new debris and other threats i n space

• New strategic partners now actively responding w u irements ith EOS to emerging req

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Defence White Paper: Space

This defence policy and planning document for the first time indicates requirements for the following capabilities.

• Space Surveillance and Space Situation Awareness

• Theatre Defence

• Surveillance from Space using satellites

EOS expects to be well-placed to compete as these plans are implemented in Australia

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Defence White Paper: Remote Weapon Systems

• Australia will acquire 1,100 deployable protected vehicles and 7,000 support vehicles. Many of these will require t

• weapon sys ems

• “Remote weapon stations on combat vehicles” is established as a priority industry capability for Australia EOS is the only Australian provider of remote weapon stations , and has proven its technology and products in

• international markets The expansion of Australian weapon system requirements provides strong growth potential

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Summary

• 2008 was a year of consolidation, as expected.

• Consolidation continues in 2009 in parallel with reinforcin future rowth elements. g g

• Future growth implied by stronger responses from international c ustomers in both space and weapon

• systems.

• D e ence f Whit e aper ays a oun P l f d a ti on or ong f l term domestic business.

• Despite the current environment, the company is cautiously optimistic regarding future prospects.

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