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Investor Roadshow March 2019
Investor RoadshowMarch 2019
Cautionary statement
This presentation includes statements looking-forward that involve risks and uncertainties. These statementsare based upon management’s expectations and beliefs concerning future events. Forward-lookingstatements are necessarily subject to risks, uncertainties and other factors, many of which are outside thecontrol of the Company, that could cause actual results to differ materially from such statements. Actualresults and events may differ significantly from those projected in the forward-looking statements as a result ofa number of factors including, but not limited to, those detailed from time to time in the Company’s AnnualReports. Orbital UAV makes no undertaking to subsequently update or revise the forward-looking statementsmade in this presentation to reflect events or circumstances after the date of this release.
Front cover image shows the ScanEagle2, courtesy of Insitu Inc.
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Emerging world leader in tactical unmanned aerial vehicle
propulsion systems and flight critical components
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UAV landscape
• Price per aircraft: $55 million - $65 million* • Payload: up to 1,700 kg• Length: up to 11 m• Wingspan: up to 20 m• Max endurance: 27 hours • Max altitude: 50,000 ft
Tactical UAV
Combat UAV
Mini UAV
• Price per aircraft: $2.5 million - $4 million per system**• Payload: up to 20 kg• Length: up to 2 m• Wingspan: up to 5 m• Max endurance: 24 hours • Max altitude: 20,000 ft
• Price per aircraft: ~$180,000 per system***• Payload: up to 3.5 kg• Length: up to 0.9 m• Wingspan: up to 1.5 m• Max endurance: 60-90 minutes• Max altitude: 500 ft
* Includes aircraft, sensors, ground control stations, and communications | ** Includes air vehicles or AVs, a ground control station, remote video terminal, launch system and recovery system*** Includes UAVs, ground control stations and spare parts
CU
RR
ENT
FO
CU
S
Example: MQ-9 Reaper
Example: ScanEagle3
Example: The Raven
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Tactical UAV capabilities
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Long endurance performance
State-of-the-art, modular propulsion system
powered by heavy fuels
Visual Detection and Ranging (ViDAR): delivers wide-area maritime search and surveillance
Robust navigation system for enhanced
operational capability, safety and reliability
Dual imager: Electro-Optical (EO) and Midwave Infrared (MWIR) allowing for the use of one UAV day or night
Tactical UAV’s are primarily used for intelligence, surveillance and reconnaissance operations. They do not carry weaponry but have the capability to carry multiple and varied payloads.
Image: ScanEagle3, courtesy of Insitu Inc.
Global UAV defence outlook
* Source: Teal Group 2017 World Military Unmanned Aerial Systems: Market Profile and Forecast
Teal Group predicts worldwide military UAV production of
$80 billion over the next decade
Mission ready reliability Operational agility
Extended range / BVLOS Rapid deployment
Challenging environments Manned / unmanned teaming
1755
1092714 609
39
4400
2523
1524 1534
145
USA Asia-Pacific Europe Mid-East Other
US$
milli
ons
Country/region
UAV production by region*
20172026
6* Source: Teal Group 2017 World Military Unmanned Aerial Systems: Market Profile and Forecast
Near term market opportunities
* UAS Market Outlook with Special Focus on Tactical Systems, Teal Group Corporation | For the years 2017-2026
90%
Mar
ket S
hare
Tactical UAVA$19.4Bn*
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Our unique service offering
Fully assembled and mission ready propulsion systems
Tactical UAV
• Revolutionary fuel delivery and engine management components• Proprietary combustion system• Electronic Control Unit - Lightweight military specification• Ultra lightweight fuel and oil tank system• Specialised muffler minimises noise and temperature signatures• Compact engine package - high power-to-weight ratio
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Image: ScanEagle3, courtesy Insitu Inc.
Our product evolution
9* Stylised for confidentiality reasons
Experience and expertise
Highly configurable, flexible solutions
The Modular Propulsion Solution (MPS)*
Mission ready response
$350M contract driving production ramp-up
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ScanEagle2
ScanEagle3
Integrator™
ScanEagle®5 years (from October 2018)
A$120-350MFive engines into
production*
Insi
tu’s
vers
atile
and
ag
ile U
AS
fam
ily
* Stylised for confidentiality reasons
Long Term Agreement
Engine development timelines
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Q1 2019 Q2 2019 Q3 2019 Q4 2019
ProductionDevelopment
ProductionDevelopment
ProductionPre-Production
ProductionDevelopment
ProductionPre-Production
Q1 2020 Q2 2020
*All images stylised for confidentiality reasons All programs currently on track to meet targeted production dates
Closing remarks
• Global UAV market demonstrates continued demand and strong growth opportunities.
• Delivery of targets within Long Term Agreementwith Insitu Inc. remain Orbital UAV’s strategic focus.
• Revolutionary Modular Propulsion Solution provides the key to delivery of all Insitu’s engine requirements.
• Engine development timelines show all five engines under the Insitu LTA in production during FY20
• First MPS engine in production Q2 2019• Positive balance sheet provides financial stability
for required development work.
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An international business servicing the global tactical UAV market
Corporate overview
Capital StructureShare Price (28 Feb 19) A$ 0.39Fully Paid Ordinary Shares M 77Market Capitalisation A$m 30Cash (31 Dec 18) A$m 10Cash & Receivables (31 Dec 18) A$m 19Debt (31 Dec 18) A$m 8Net Assets (31 Dec 18) A$m 18Revenue Guidance FY19 A$m 20
Top Shareholders30%
10%5%
3%3%
49%
UIL Limited
CFS
Directors, management &employeesANNAPURNA Pty Ltd
Morgan Stanley
Other
Share Price & Volume
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0.33
0.40
0.48
0.55
0.63
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Share price ($)Volu
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Volume Period average volume Share Price
John WelbornChairman Non-Executive Director
Steve GallagherNon-Executive Director
Terry StinsonNon-Executive Director
Todd AlderChief Executive Officer and Managing Director
Board of Directors and Management
Board of Directors
Dr Geoff CathcartVP Chief Technical Officer
Martin JohnstonGeneral Manager Operations
Roulė Jones Chief Financial Officer & Company Secretary
Todd AlderChief Executive Officer & Managing Director
Management
Kyle AbbottNon-Executive Director
Liezl UlrichOrganisational Development Manager
John TubbGeneral Manager APD
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