Volatus Aerospace Inc. · TSX:FLT
Volatus Aerospace — Q3 2024 Earnings Presentation
9 slides from Volatus Aerospace's earnings presentation, Nov 29, 2024
Slide 1: Volatus Aerospace Inc. – Redefining Aerial Solutions
VOLATUS AEROSPACE INC. Redefining Aerial Solutions A New Era In Global Aerial Innovation November 29, 2024 TSXV: FLT OTCQB: TAKOF
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation (“Presentation”) is for informational purposes only in order to enable you to learn more about Volatus Aerospace Corp. (“Volatus Aerospace”). Certain statements or information contained in this document constitute forward-looking statements. Any statements tha
Slide 3: 2024 Business Highlights
2024 BUSINESS HIGHLIGHTS Closed $15M institutional financing Partners with Mitsubishi Electric for logistics operations Completes the merger of Volatus and DDC Closed $2.7M equity financing Expands Oil and Gas business in the US Realized Cost Synergies of $2.1M Approved BVLOS without observer for Dr
Slide 4: The Team: Informed by Professional Aviation
THE TEAM: INFORMED BY PROFESSIONAL AVIATION. 2022 Canada’s Top 50 Executives GLEN LYNCH ROB WALKER LUC MASSE ABHINAV SINGHVI Greg Colacitti CEO CCO EVP CFO COO 40+ years of Aerospace Marketing and Chartered Specialization in experience in aviation professional with over business law Accountant, DipI
Slide 5: Q3 2024 Financial Summary
Q3 2024 FINANCIAL SUMMARY For three months For three months In C$ ending Sept 30, ended Sept 30, NOTES 2024 2023 Equipment and Service Revenue $6.62M $8.27M Overall Revenue decreased by 20% because of lower equipment sales that reduced by 67% and services increased by 14%. The reduction in equipment
Slide 6: 9 Months - 2024 Financial Summary
9 Months - 2024 FINANCIAL SUMMARY For nine months For nine months In C$ ending Sept 30, ended Sept 30, NOTES 2024 2023 Equipment and Service Revenue $20.36M $24.37M Overall Revenue decreased by 16%. The impact was in equipment sales due to working Gross Profit $6.99M $8.34M capital constrain. Howeve
Slide 7: Revenue Snapshot
REVENUE SNAPSHOT Revenue (C$ in Millions) Product Mix (Equipment Vs. Services) Cumulative Revenue Product Mix 20,364,888 38% 43% 49% 13,745,735 60% 58% 67% 84% 6,623,741 62% 57% 51% 40% 42% 33% 16% Q1 2024 Q224 Q324 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q224 Q324 Equipment Services 7
Slide 8: Thank You
THANK YOU [email protected] TSXV: FLT | OTCQB: TAKOF
Slide 9: Appendix A: GAAP to Non-GAAP Reconciliation of Adjusted EBITDA
APPENDIX A: GAAP TO NON-GAAP RECONCILIATION OF ADJUSTED EBITDA Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Adjusted EBITDA (loss) (1,255,106) (704,280) (3,331,094) (3,260,591) Interest 992,806 425,671 1,863,576 1,107,288 Depreciation 1,294,350 843,744 3,509,136 2,386,36