Parrot Sa · EURONEXT:PARRO
Parrot Sa — H1 2026 Earnings Presentation
22 slides from Parrot Sa's earnings presentation, September 2026
Slide 1: Investors Presentation H1 2026
Investors Presentation H1 2026 September 2026
Slide 2: Speakers: Key managers
SPEAKERS Key managers Henri Seydoux Founder, chairman, CEO & controlling shareholder Chris Roberts SVP, Chief Revenue Officer since 2006 Anne-Sophie Herelle Marie Calleux SVP, Group CFO, Investor relations & corporate since 2024 communications since 2008 Elise Tchen Thebault SVP, Chief Industry Offi
Slide 3: European Professional Micro-UAV Leader: Parrot Group
EUROPEAN PROFESSIONAL MICRO-UAV LEADER PARROT GROUP €57.3m +71% H1 2026 Revenue vs H1 2025 Critical infrastructure Professional UAVs solutions H1 2026 revenue: H1 2026 revenue: €42 million, +134% yoy €15 million, stable yoy 73% of the Group revenues 27% of the Group revenues Created in 1994 by Henri
Slide 4: Parrot Group today
3 complete Micro-UAV systems +60 partners 8 BtoB software 1 open source Parrot Group solutions SDK today PROVIDING INTELLIGENCE, SURVEILLANCE & RECONNAISSANCE THROUGH AUTONOMOUS FLYING & HIGH-PRECISION IMAGING FOR DEFENSE AND SECURITY INSTITUTIONS AND PROFESSIONALS Investors Presentation – H1 2026 a
Slide 5: Asset-light industrial model built for scale
ASSET-LIGHT INDUSTRIAL MODEL BUILT FOR SCALE 1 EUROPEAN R&D & IP 2 SECURED SUPPLY CHAIN AI & autonomy Optical navigation Long-lead critical components SCALE THROUGH SUPPLY-CHAIN Selective inventory build-up Cybersecurity & secure radios Software / SDK / product architecture Procurement anticipated a
Slide 6: H1 2026 Highlights & Financial Results
H1 2026 HIGHLIGHTS & FINANCIAL RESULTS
Slide 7: H1 2026 Key Highlights
H1 2026 KEY HIGHLIGHTS MICRO-UAVs CRITICAL INFRASTRUCTURE GROUP SOLUTIONS H1 revenue €42.1m, +134% H1 revenue €15.1m: -3%, H1 revenue €57.3m, +71% YoY (+139% at constant FX) stable at constant FX YoY (+75% at constant FX) Subscription transition Significant, diversified continues to weigh on near- C
Slide 8: Quarterly Revenue Evolution 2023 > 2026
QUATERLY REVENUE EVOLUTION 2023 > 2026 Revenue / quarter based on new perimeter* Professional Micro-UAV Critical infrastructure solutions 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 H1 revenue n
Slide 9: Well Established Procurement Channels Improving Global Product Visibility
WELL ESTABLISHED PROCUREMENT CHANNELS IMPROVING GLOBAL PRODUCT VISIBILITY Europe & USA cleared list Global distribution partners network Commercial momentum is now supported by awarded frameworks, call-off mechanisms and follow-on deployment programs. FRAMEWORK 2 Procurement route awarded QUALIFICAT
Slide 10: Diversified Geographical Revenues
DIVERSIFIED GEOGRAPHICAL REVENUES Group revenues 2025 2024 Micro-UAV Top customers in €m H1 2026 12.8 USA 21.3 22.8 22.2 Canada 1.2 3.4 Australia Switzerland 4.2 1.8 Netherlands 1.0 4.3 2.9 Finland 9.0 10.7 4.9 7.6 France 0.33.5 4.2 1.8 5.0 Commercial momentum for Micro-UAV 5.0 7.8 combines new depl
Slide 11: EBIT Positive for the 3rd Semester While Pursuing Investment Strategy
EBIT POSITIVE FOR THE 3RD SEMESTER WHILE PURSUING INVESTMENT STRATEGY Micro-UAV Critical Infrastructure Solutions Group €m FY 2024 FY 2025 Var. €m FY 2024 FY 2025 Var. €m FY 2024 FY 2025 Var. Revenues 48,1 47,9 0% Revenues 30,0 31,8 6% Revenues 78,1 79,8 2% OPEX 36,5 42,5 16% OPEX 29,3 29,2 -1% OPEX
Slide 12: Strong Product Mix & Gross Margin
STRONG PRODUCT MIX & GROSS MARGIN REVENUE & GROSS MARGIN – 2021 to H1 2026 Consolidated, IFRS, audited 90.0 200% 78.1 79.8 80.0 180% 71.9 160% 70.0 65.0 140% 60.0 57.3 54.3 120% 50.0 H1 2026 comments 100% Gross margin remains >70% 40.0 78% 80%despite product mix with lower 72% 74% 75% 71% revenue co
Slide 13: Maintaining Innovation Capacity & Cost Control
MAINTAINING INNOVATION CAPACITY & COST CONTROL OPEX PER FUNCTION - 2021 TO HY 2026 H1 2026 comments Consolidated, IFRS, audited, €m H1 2026 operating expenses include €2.5m of €73,3m €75,0m €74,3m €72,7m non-recurring insurance proceeds allocated across 5.4 5.5 4.7 €65,9m 4.7 operating functions. 14
Slide 14: Improving Cash Conversion, With Sufficient Available Liquidity
IMPROVING CASH CONVERSION, WITH SUFFICIENT AVAILABLE LIQUIDITY H1 2026 & post closing cash evolution 15 35.9 4.5 H2 continued supply and 23 3.4 production ramp -6.7 -1.3 up, which the Operating -0.8 18.8 -1.3 Group has the cash Undrawn generation Working Net PIX4D put Horizon means to finance capita
Slide 15: Consolidated P&L
CONSOLIDATED P&L CONSOLIDATED INCOME STATEMENT H1 2026 2025 H1 2025 H2 2025 (IFRS, €m) (6 months) (12 months) (6 months) (6 months) Revenues 57.3 79.8 33.6 46.2 Consolidated revenues: +71% Cost of sales (16.5) (19.7) (8.5) (11.2) Gross margin 40.8 60.1 25.1 35.0 % of revenues 71.2% 75.4% 74.8% 75.8%
Slide 16: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET June 30, June 30, Dec 31, SHAREHOLDERS’ EQUITY AND LIABILITIES June 30, June 30, Dec 31, ASSETS (IFRS, €m) 2026 2025 2025 (IFRS, €m) 2026 2025 2025 Non-current assets 15.7 16.7 15.8 Shareholders' equity 33.9 29.4 30.5 Goodwill 4.6 4.6 4.6 Share capital 4.7 4.7 4.7 Other in
Slide 17: Parrot Group Ownership & Legal Structure
PARROT GROUP OWNERSHIP & LEGAL STRUCTURE Ownership Other / public 28.5% Horizon Simplified legal structure (Henri as of July 29, 2026 Seydoux) Moneta AM(1) 61.9% PARROT SA (holding) 7.3% Bpifrance(1) 100% Parrot Drones S.A.S (France) 2.3% 100% Parrot Korea (South Korea) (1) Threshold crossing declar
Slide 18: Outlook
2026 OUTLOOK
Slide 19: From a Product to a Scalable ISR Platform
FROM A PRODUCT TO A SCALABLE ISR PLATFORM ONE TECHNOLOGY STACK, MULTIPLE MISSIONS, CONFIGURATIONS & PROGRAMS AUTONOMY & AI RESILIENT COMMUNICATIONS GNSS-denied optical navigation MARS frequency-hopping military radio On-board detection & tracking 5G + Wi-Fi mission configurations Mission continuity
Slide 20: 2026 Outlook
2026 OUTLOOK Double digit Micro- Solid Critical The Group Supported by its UAV growth Infrastructure continues to invest main shareholder expected again in Q3 solution business in R&D and supply Horizon, and an with revenue growth chain resilience. offering that is Higher comparison slowed by transi
Slide 21: Parrot's Strategic Edge in the Evolving Defense Ecosystem
PARROT’S STRATEGIC EDGE IN THE EVOLVING DEFENSE ECOSYSTEM Best in class Sovereign- Strong Trusted Clear strategic technologies by-design supply chain software & execution in micro-UAV architecture expertise ecosystem path Advanced onboard AI, NDAA-compliant, Proven design, Open-source DNA A defense
Slide 22: Thank You Q&A session
THANK YOU Q&A session 174 quai Jemmapes 75010 Paris INVESTORS & ANALYSTS contact: [email protected] www.parrot.com www.pix4d.com