ROCKETDNA LTD. — Interim / Quarterly Report 2023

May 24, 2023

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Drone-based Data Service
and Technology Solutions
Provider to the Mining and
Agricultural industries
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25 May 2023

FY2022 ACHIEVEMENTS AND Q1 FY2023

BUSINESS MODEL REVISED AND DELIVERING VALUE

KEY METRICS TCV & ARR GROWING STRONGLY

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Established global presence in mining jurisdictions with excellent team

Primary industry companies are well funded (mining and agriculture)

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Proven business model with large-scale tier-1 and tier-2 customers

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Growth opportunities; strongly positioned to integrate our business model through strategic acquisitions

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Operations hardware & software: enterprise agreements & preferential pricing with technology suppliers

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Drone pilot sourcing and training

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Attractive Profit Margins on long-term B2B contracts

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The demand for real-time input data is growing to feed into AI & GIS applications

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TRACKING TOWARDS OPERATING CASH BREAKEVEN

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Strong cash-position with growth pathway to breakeven

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Cost-saving initiatives are wellreceived & understood

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Development pipeline of new products & services

OUR BUSINESS MODEL

Drone-Based Data Service and Technology Solutions

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Mining | Entered 2012
Agriculture | Entered 2018
Infrastructure Monitoring | Future Growth Area
1 2 3 4
Customer
Data Capture Data Processing Output
Solution
4A. Surveying & Mapping
1A. Hardware (Drones & Sensors) 3A. Reports
2A. GIS Processing
Manual / Automated/ AI-
Manual / Automated/ AI
generated 4B. Environmental
1B. Software (Ground Control Station)
3B. Data Feeds 4C. Security & Surveillance
2B. Quality Control
1C. Drone Pilots (IREX-Rating) Survey-Grade Accuracy Integration with Customer API’s
for Real-Time data
4D. Asset Monitoring
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1D. Licensing (ReOC, BVLOS)

1E. Safety Management

2C. Detect & Quantify AI Recognition & Classification Modelling

3C. Analysis Provided by Professional Surveyors, Engineers or Partners

4E. ROI Management

4F. Conformance Reporting

Training & Recruitment

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AI & Software Economies of Scalable
Distribution Automation
Integration Scale Operating Model
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OUR PRESENCE Growing tier-1 and tier-2 customer base

OUR CUSTOMERS

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KEY OPERATING METRICS & FINANCIALS

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OUR GROWTH

Revenue growth shows growing track record[1]

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32% of Total Revenue is generated in Australia (FY2022) $5.7M 33% of Total Revenue is multi- year contracted revenue (FY2022) $4.6M +25% $3.5M $3.4M $2.8M $1.2M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022

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1 31 December financial year end

ARR & TCV

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Total Contract Value - Remaining (TCV) ($M)
Annual Recurring Revenue (ARR) ($M)
3.0 2.8 5.0 4.9 4.9
2.4 4.4
4.0 3.8
2.0
2.0 3.0 0.4%
1.7
15% 3.0 63%
1.3
84%
2.0
1.0
1.0
Q1 FY2022 Q2 FY2020 Q3 FY2021 Q4 FY2022 Q1 FY2023 Q1 FY2022 Q2 FY2020 Q3 FY2021 Q4 FY2022 Q1 FY2023
(MAR) (JUN) (SEP) (DEC) (MAR) (MAR) (JUN) (SEP) (DEC) (MAR)
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ARR growth over the past year +84% from $1.3m end Q1 FY2022 to $2.4m end Q4 FY2022

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TCV growth over the past year +63% from $3.0m end Q1 FY2022 to $4.9m end Q4 FY2022

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See ARR & TCV slide for definitions | ARR and TCV may be impacted by exchange rate fluctuations | The Company began recording this metric from end March 2022

REVENUE BREAKDOWN

REVENUE FROM CONTINUING OPERATIONS BY TYPE ($m)

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2.0
Total
$1.609M
Total
Total
Total $1.473M
1.5 $1.442M
$1.341M
0.679
37%
0.602 0.538
0.461
1.0
0.414 0.363 25%
0.421 0.348
0.5
0.532 0.516 0.572 39%
0.419
0.0
Q2 FY2020 Q3 FY2021 Q4 FY2022 Q1 FY2023
(JUN) (SEP) (DEC) (MAR)
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Contracted Annual Recurring Revenue (ARR) was 39% of Total Revenue in Q1 FY2023 (March)

Revenue types

• A) Revenue one-off: revenue which does not meet the above definitions (these are typically one-off short projects)

• B) Revenue likely to re-occur: revenue which management have a reasonable expectation will reoccur in the future either because it has been historically demonstrated to reoccur or because we hold rolling short term purchase orders or legal contracts which are less than 12 months in original length.

• C) Revenue legally contracted and recurring: revenue from legal contracts with minimum original terms of 12 months, subject to normal termination provisions per each contract. The TCV and ARR measures contain only this type of contract.

Revenue in Q1 lower due to lower project revenue – January being a seasonal low month; recurring revenue up slightly

Revenue one-off

Revenue likely to re-occur

Revenue legally contracted & recurring

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OPERATING CASH BREAKEVEN

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Net Cash Used in Operating Activities ($M)
1.0
0.5
-58%
0.0
-0.06
-0.1 -0.1
-0.5
-0.6
-1.0 -0.7
Q1 FY2022 Q2 FY2020 Q3 FY2021 Q4 FY2022 Q1 FY2023
(MAR) (JUN) (SEP) (DEC) (MAR)
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Net cash used in operating activities was A$62k in Q1 FY2023, down 58% on Q4 FY2022 and down 53% on Q1 FY2022

Sustained through flat cash receipts and another quarter of good cost management.

This positions DLT on a continued pathway to achieve operating cash breakeven.

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STRATEGY, MARKET & GROWTH PATHWAY

GLOBAL AUTONOMOUS DRONE MARKET SIZE WORTH US$56.5 BILLION BY 2030

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ASX:DLT
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Source: Markets N Research report, MNR-1645, 6 February 2023

STRATEGIC INITIATIVES

UNDERWAY – H1 2023 (ending June)

1. Re-Branding Strategy

Following the sell-down of the former majority shareholder, Delta Drone SA in December 2022, the Company intends to align its current business activities and corporate identity with a single name across the group.

The Company has today proposed to change its name to RocketDNA Ltd .

2. Unifying Business Purpose

The Name Change will also be supported by new branding and marketing efforts which not only clarifies the Company’s new vision and mission, but also defines a new range of data-driven products, powered by our core drone capture abilities.

ASX: DLTASX:DLT

OUR NEW NAME Mapping out our future growth path

Our mission is to democratise drone data which enables autonomous systems and empowers decision-makers

BUILDING GEOSPATIAL & AI DATA PRODUCTS

FROM MINE TO MILL & BEYOND

ENVIRONMENTAL EXPLORATION SURVEY GEOTECHNICAL DRILL Pre & Post Topographic Survey & PLANNING AI Crack & BLAST Disturbance Surveys & Imagery Detection Vegetation Health Drill-Hole Mine Design Conformance Fragmentation & Layout Heave Analysis Monitoring Surveys Monitoring Data for Environmental Surface Feature Stockpile Burden Planning Reporting Mapping Volumetrics Pit Wall Monitoring& Mapping & Reporting Landform 3-D Face Profiles Vibration Erosion Surveys Modelling

INFRASTRUCTURE TAILINGS & CONSTRUCTION STORAGE Asset Management & Inspections Embankment Progress Monitoring Monitoring & Heat Map Conformance Thermal Leak Detection Digital Twins Deposition Thermal Inspection Analysis

MANAGEMENT

GROWTH PATHWAY

Our focus coming into calendar 2023

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BUSINESS MODEL

CORPORATE & OPEX COSTS

Initiatives that bring us closer to break-even

Australia business:

▪ Implement new operating model (moving projects to multi-year contracts)

Continue to contain & reduce corporate overheads, fees & consulting

▪ Improve margins (Arvista acquired late 2021)

Incentivise through non-cash mechanisms

Value add service offering and value chain (AI data processing)

Improve operational process flows (data capture and processing)

Unlock value from unique BVLOS* license longer range capability

Investigate debt-sourced funding for operational ‘growth’ purposes: ▪ Scaling new contracts ▪ Hardware purchases to further develop a value added client offering (to complement licensed software)

Expand the Agricultural service offering in Australia

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CUSTOMER GROWTH

Quarterly Growth to date has shown a track record of growth which is a function of our strong offering with tier-1 and tier-2 mining client wins

Pipeline growing with strong opportunity in Australia and Africa

ACQUISITIONS

Pursue opportunities that add value to our business, help us build further economies of scale Industries: mining & agriculture Locations that add value to our business

• Beyond visual line of sight

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Contact Chris Clark Exec. Chairman & CEO E: contact@dlti.com Investors and Media Glen Zurcher P: +61 (0)420 249 299 E: glen@viriair.com.au https://www.dlti.com.au