Volatus Aerospace Inc. · TSX:FLT
Volatus Aerospace — Q1 2024 Earnings Presentation
11 slides from Volatus Aerospace's earnings presentation, May 29, 2024
Slide 1: Q1 2024 Earnings Call
Q1 2024 Earnings Call MAY 29, 2024 TSXV : VOL | OTCQB : VLTTF
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: Q1 2024 Financial Summary
Q1 2024 FINANCIAL SUMMARY For three months For three months In C$ ending Mar 31, ended Mar 31, NOTES 2024 2023 Overall Revenue decreased by 11%. The impact was due to efficient management of working Equipment and Service Revenue $6,623,741 $7,412,480 capital, leading to higher investment in services
Slide 4: Revenue Snapshot
REVENUE SNAPSHOT Revenue (C$ in Millions) Product Mix (Equipment Vs. Services) Product Mix YoY Quarterly Revenue Growth 10,501 8,684 8,274 38% 43% 7,412 49% 7,213 58% 60% 6,624 6,630 5,764 4,808 62% 57% 51% 40% 42% Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 Q2 Q3 Q4 Equipment Services 2022 2023 2024
Slide 5: Gross Profit Snapshot
GROSS PROFIT SNAPSHOT Quarterly Gross Profit (C$ in Millions) Gross Profit (C$ in Millions) YOY Quarterly GP Growth Gross Profit Trend 32% 2,960 3,009 34% 2,800 2,367 2,226 32% 34% 2,367 2,226 2,022 1,901 1,542 23% 1,093 Q1 2023 Q1 2024 Q1 Q2 Q3 Q4 2022 2023 2024 2022 is adjusted to aircraft sale to
Slide 6: Q1 2024 Business Highlights
Q1 2024 BUSINESS HIGHLIGHTS Milestone 1 Milestone 2 Milestone 3 Milestone 4 DRONE SERVICES ACQUISITION OIL & GAS - Scaled DaaS by 39% in Q1 2024. - Expanded in the UK. - Positioning strongly in the Oil & Gas Sector - 11,000 utility structures - Acquired UAV Hub and Drone inspections planned in 2024
Slide 7: Robust Synergy Opportunities
ROBUST SYNERGY OPPORTUNITIES Operational Efficiency Expanded Solutions Market Expansion § Leveraging DDC’s § Merging Volatus’ robust § Broadened remote operation commercial presence geographic reach, capabilities, with DDC's drone expanding into the technologies, and delivery capabilities and cargo
Slide 8: Positioned for Growth
POSITIONED FOR GROWTH Aerial Solutions (Drones & Piloted Aircraft) § Core services business poised for growth in short and long term. § 2023 Sales: $35M § Drivers: increased adoption and technological advancements. § Diversified Customer Base § Expected Revenue % of Combined Company in 2025E: 38%; G
Slide 9: Why Own the Combined Entity?
WHY OWN THE COMBINED ENTITY? § Enhanced Capabilities: Leverage DDC’s remote operation technologies to enhance Volatus’ data service offerings, which is expected to improve gross margins and market positioning. § Profitability & Cost Reduction: $2M+ of day-one synergies from overlapping activities. T
Slide 10: Q & A
Qée&A — ne AEROSPACE 9 TSXV : VOL | OTCQB : VLTTF
Slide 11: Appendix A: GAAP to Non-GAAP Reconciliation of Adjusted EBITDA
APPENDIX A: GAAP TO NON-GAAP RECONCILIATION OF ADJUSTED EBITDA GAAP: IFRS