Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (October 2026)
32 slides from Bluglass's shareholder meeting presentation, Oct 23, 2026
Slide 1: FY2026 Annual General Meeting
rsonal use only PRECISION LIGHT. STRATEGIC MARKETS. CONVERTING PROJECTS INTO VALUE. BUILDING THE VISIBLE GAN PLATFORM FOR CRITICAL NEXT- GENERATION APPLICATIONS FY2026 ANNUAL GENERAL MEETING 23 October 2026, Sydney BLUGLASS (ASX:BLG) | 2026 ANNUAL GENERAL MEETING
Slide 2: Important notice and disclaimer
Important notice and disclaimer Important information for shareholders This presentation has been prepared by BluGlass Limited to provide shareholders with an update on the Company, its technology, operations and rsonal use only strategy. It may contain forward-looking statements based on current ex
Slide 3: Omer Granit, Executive-Chair
rsonal use only Omer Granit Executive-Chair Omer Granit Executive-Chair
Slide 4: Today's discussion
Today’s discussion A candid review of validation, value realization and the path forward 01 Chair address Welcome and introductions rsonal use only 02 Operations and Market conditions, BluGlass positioning, strategy, operations, and execution Financial Snapshot 03 Q&A Considerations, Remuneration, R
Slide 5: A stronger platform for the next phase of growth
A stronger platform for the next phase of growth Strengthened capital Refreshed leadership Expanded strategic access position rsonal use only Board experience spanning Approximately A$14.6M Greater engagement in the capital markets, governance, raised during FY26 through United States across commerc
Slide 6: CEO & Managing Director Report
rsonal use only Omer Granit Jim Haden Executive-Chair CEO & Managing Director Report Market Conditions, Strategy, Execution
Slide 7: Lasers are everywhere (2030 TAM $150B)
rsonal use only Advanced manufacturing & Digital Transformation & Defense & Security Healthcare & Life Sciences Industry 4.0 Connectivity 2030 TAM ~$25B 2030 TAM ~$13B 2030 TAM ~$50B 2030 TAM ~$35B • Directed energy weapons • Medical imaging & diagnostics • Laser based additive manufacturing • Fiber
Slide 8: Why lasers? Why now? Why GaN? Why BluGlass?
Why lasers? Why now? Why GaN? Why BluGlass? A concise framework for the opportunity WHY WHY rsonal use only WHY NOW? WHY GaN? LASERS? BLUGLASS? Defence High-energy visible A vertically Critical enablers of modernization, photons (units of integrated high- defence, quantum, quantum investment light)
Slide 9: Strong global tailwinds in defense & commercial laser market
Strong global tailwinds in defense & commercial laser market LASER SECTOR OUTPERFORMS MARKET (JAN ‘25 – OCT ‘26) rsonal use only Accelerated adoption of advanced laser systems Recent global conflicts and critical defense programs have demonstrated advanced laser technologies are mission-critical ena
Slide 10: Four pillar strategy to accelerate growth & value capture
Four pillar strategy to accelerate growth & value capture Grow market share, deepen government relationships, extend technology leadership and capture more of the value chain rsonal use only 1 2 3 4 Technology Expand Organic and leadership Grow GaN laser partnerships within Inorganic Growth and & ma
Slide 11: Financial Report
rsonal use only Omer Granit Samuel Samhan Executive-Chair CFO Financial Report
Slide 12: BluGlass 2026 at a glance
BluGlass 2026 at a glance Validation from governments, industry leaders and strategic partners rsonal use only CLAWS Year 1- 3 Tier-1 defense Fortune 500 TOPTICA U.S. government program Development program Strategic photonics Custom GaN lasers for completed Year 3 milestones collaboration advanced P
Slide 13: FY26 financial overview
FY26 financial overview A stronger balance sheet and growing product contribution, with execution still required STRENGTHENED POSITION FOCUS AREAS rsonal use only A$11.34M A$14.41M A$2.55M A$4.23M Cash at 30 June 2026 Net assets Laser project revenue Customer receipts | -25% | -9% (Gov shutdown) (Re
Slide 14: Traction: Projects create direct paths to products
Traction: Projects create direct paths to products Revenue mix is shifting toward proprietary products and higher-value customer-funded development programs REVENUE GROWTH (exc. R&DTI) rsonal use only US Gov Shutdowns – continuing- resolution REVENUE constraints(exc. R&DTI) GROWTH 4,000,000 1,600,00
Slide 15: Operations, Execution, & Outlook
rsonal use only Operations, Execution, & Outlook 16 BLUGLASS (ASX:BLG) | SEMICONDUCTOR AUSTRALIA 2026
Slide 16: One of the few end-to-end visible GaN laser platforms
BluGlass: One of the few end-to-end visible GaN laser platforms Australian innovation. U.S. manufacturing and market access Epitaxy & materials rsonal use only GaN growth, materials engineering and proprietary know-how Device design & fabrication Fabry-Pérot, DFB, gain chips and MOPA architectures P
Slide 17: A Differentiated Platform with High Barriers to Entry
World-leading A Differentiated Platform with High Pure-play performance manufacturer Barriers to Entry rsonal use only BluGlass is one of a limited number of companies with end-to-end visible GaN laser capability Extremely ▪ World-leading GaN laser performance high ▪ Precision, power and stability b
Slide 18: Grow Product Revenue through Successful Project Conversion
Our Goal Is to Grow Product Revenue through Successful Project Conversion Customer-funded development creates a pathway, not a guarantee rsonal use only 1 2 3 4 5 Funded Product Potential Evaluation Qualification Agreements development orders Prototype Customer Defined deliveries, Potential recurrin
Slide 19: Priority Markets: A$4.6B system-level market by 2030
Priority Markets: A$4.6B* system-level market by 2030 Applying a common GaN laser platform across selected visible GaN-enabled high-growth markets rsonal use only Defense & Quantum Biotech & Industrial & Aerospace Biomed Consumer microelectronic s $1B $800M $1.2B $800M $800M UV Range IR Range <405 n
Slide 20: One visible GaN platform. Multiple strategic missions.
One visible GaN platform. Multiple strategic missions. Growth leverage comes from configurable source, amplifier, packaging and integration capabilities Defence & aerospace rsonal use only Sensing, atmospheric detection, optical countermeasures and future power scaling Quantum & navigation Precision
Slide 21: AUKUS Value: BluGlass Contribution
rsonal use only BluGlass Contribution AUKUS VALUE: BluGlass 2026 AGM October 2026 21 BLUGLASS (ASX:BLG) | SEMICONDUCTOR AUSTRALIA 2026
Slide 22: Subsea and seabed sensing, navigation and communications
SUBSEA AND SEABED SENSING, NAVIGATION AND COMMUNICATIONS VISIBLE GAN SOURCES FOR UNDERWATER LIDAR, AUTONOMOUS UNDERWATER VEHICLES (AUVS), MARITIME INTELLIGENCE, SURVEILLANCE, RECONNAISSANCE (ISR) AND OPTICAL LINKS rsonal use only BluGlass’s value is a configurable source platform spanning Fabry-Péro
Slide 23: Visible GaN Lasers for Space
Visible GaN Lasers for Space ONE COMPACT LASER PLATFORM ENABLES COMMUNICATIONS, SENSING, NAVIGATION, AND MULTIFUNCTION PAYLOADS COMMUNICATE SENSE rsonal use only Optical Links for space-to- LiDAR and imaging for ISR, space and ground and situational awareness connectivity NAVIGATE INTEGRATE Shared a
Slide 24: BluGlass' contribution: enabling laser sources and integration technologies
rsonal use only BLUGLASS’ ENABLING LASER SOURCES AND CONTRIBUTION: INTEGRATION TECHNOLOGIES 11 BLUGLASS (ASX:BLG) | SEMICONDUCTOR AUSTRALIA 2026
Slide 25: Commercial validation across strategic customers
Commercial validation across strategic customers Engagements are advancing from evaluation into funded development and then prototype testing Program / customer Customer need BluGlass Contribution Current proof point rsonal use only group U.S. government / High-fidelity visible Laser and integrated-
Slide 26: Customer journey case study: Tier-1 defense and aerospace
Customer journey case study: Tier-1 defense and aerospace A representative pathway from prototype evaluation toward potential deployment Defined rsonal use only Funded Potential Initial proof Next gates need development outcome Specialized Customer A$1.25 million Deliver current Successful high-fide
Slide 27: Consecutive years of improving single-spatial-mode laser performance
Consecutive years of improving single-spatial-mode laser performance Increasing power while preserving beam quality expands the applications BluGlass can address rsonal use only 250 – 750 mW* 1.25 W 1.9 W Next Earlier 2025 FY26 FY27 platform Foundation Device and process improvements Reliability, yi
Slide 28: Our next phase: execution that builds shareholder value
Our next phase: execution that builds shareholder value Converting technical and commercial progress into repeat product revenue rsonal use only CLAWS Year 3 Tier-1 defense Fortune 500 TOPTICA Uviquity Tier 1 Global Photonic Leader World-record performance These wins provide a foundation for the nex
Slide 29: Catalysts and what to expect in FY2027
Catalysts and what to expect in FY2027 Convert funded development into follow-on programs, launch advanced products, and broaden strategic partnerships Recent 2026 Key Achievements Expected Milestones & Catalysts rsonal use only Won ~A$6.5M DoW sub-contracts across Execute awarded programs, deliveri
Slide 30: Thank you / Shareholder questions
rsonal use only 2026 ACHIEVING VALIDATION AND TRACTION MULTIPLE CUSTOMER PROGRAMS ADVANCED ALONG THE PROJECT-TO-PRODUCT PATHWAY 2027 CONTINUED EXECUTION AND CONVERSION DELIVERING MILESTONES, WINNING FOLLOW-ON WORK AND GROWING REVENUE THANK YOU SHAREHOLDER QUESTIONS
Slide 31: Formal Business
rsonal use only Formal Business • CONSIDERATION OF THE FY26 ANNUAL REPORT • REMUNERATION REPORT • ELECTION AND RE-ELECTION OF DIRECTORS • EQUITY AND OTHER RESOLUTIONS • VOTING AND PROCEDURAL MATTERS 5 BLUGLASS (ASX:BLG) | SEMICONDUCTOR AUSTRALIA 2026
Slide 32: Appendix 1: Sources
Appendix 1: Sources • GrandView Research Laser Processing Report 2024; rsonal use only • Mordor Intelligence Optical Networking & Comms Report 2025; • Mordor Intelligence Military Laser Systems 2025; • Mordor Intelligence Medical Laser Market 2025; • Future Market Insights Sat Laser Comm 2025; • Ver