Announcement PDF AFFORDABLE ADVANTAGE. REAL READINESS. COMMERCIAL-IN-CONFIDENCE ASX: BST | 21 Oct 2026 Q1 FY27 INVESTOR WEBINAR DELIVERING ON IPO PLANS FOR GROWTH COMMERCIAL-IN-CONFIDENCE 2 DISCLAIMER This presentation has been prepared by Boresight Ltd (Company) and contains background information about the Company’s current situation at the date of this presentation. This presentation should be read in conjunction with the Company’s replacement prospectus dated 23 April 2026 (Prospectus) and other periodic and continuous disclosure announcements. The presentation is in summary form and does not purport to be all inclusive or complete. This presentation is for general information purposes only. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law. This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. 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Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, the Company does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based. COMMERCIAL-IN-CONFIDENCE 3 WHO WE ARE • Established in Canberra, AU in 2020 • Integrated ecosystem combining aerial target drones, mission planning software, and ground control systems • Realistic, repeatable and cost-effective threat representation for counter-drone training and testing • Quadrotor and fixed-wing platforms • Serve defence forces, government agencies, and industry • Teams across Australia, the United States, and Europe Realistic Aerial Targets for C-UAS Training & Testing COMMERCIAL-IN-CONFIDENCE 4 US EXPANSION1 Secured Larger Alabama Facility To support growing North American demand for sovereign made product ~A$535k2 Repeat Purchase Order North American Military Training customer $5.39m3 Cash & Cash Equivalent at quarter-end No DEBT QUARTER HIGHLIGHTS Q1FY27 6300 BQ-400 milestone3 6300th aircraft manufactured 2Product releases3 BQ-750 Block 2 BF-100 ¹ ASX 20.07.26 Boresight leases new facility to scale US Manufacturing, 2 ASX 7.09.26 Repeat Order from Major North American Military Customer ³ ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report 4 ASX 20.07.26 Boresight Leases New facility To Scale US Manufacturing. COMMERCIAL-IN-CONFIDENCE 5 1. REVENUE A$829k unaudited 2. Net Operating Cash Outflow A$2.28m 3. Cash and Cash Equivalents A$5.39m NO DEBT Q1FY27 PERFORMANCE OVERVIEW1 1 ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 6 THE SCALING QUARTER • A$962,516 spent on purchase of materials to increase inventory and fulfil orders for faster response to customer demands • A$136K invested in relation to the expansion of the Group’s US manufacturing facilities • 4 new key hires across Australia and USA • Now registered supplier to Lockheed Martin, a global aerospace, defense, and security company • 6300th BQ-400 manufactured and delivered ¹ ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 7 • 120 BQ-400s delivered to ADF units • ADF-Funded capability uplift program for the BS- 350 ISR drone (night vision, ruggedisation, improved UI) with delivery due in Q2FY27 • Target drone supply on going into the multi-year LAND 156 counter-drone program • Continued delivery under the Sovereign UAS Program • Positions Boresight as a trusted, repeat ADF supplier AUSTRALIAN DEFENCE FORCE (ADF) PARTNERSHIP1 1ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 8 UNITED STATES: SCALING UP • More than doubled our US team and moved into a significantly larger, more capable facility to support growing demand across the US Military 1 • Secured our largest-ever US order from the prestigious National Training Centre (NTC) at Fort Irwin, California, US$383,275 (~A$532k) • Delivering in to the 18-month US contract awarded for 600 BQ-400 target drones • Now supply target drones to all major arms of the US Department of War ¹ ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 9 GLOBAL FOOTPRINT1 • Boresight UK Ltd operation is driving growth with trials for the BQ400 and BQ750’s for UK’s Ministry of Defence secured • BF100 and BQ400 target drones used in demonstrations for NATO event in Europe • Boresight became a registered supplier to Lockheed Martin in anticipation of supporting their international Counter-UAS test and development activities • Boresight supported a Japanese trading house, with demonstrations of BQ400 swarming capability to Japanese Defence ¹ ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 10 MANUFACTURING & PRODUCT MILESTONES • 6,300th BQ-400 target drone manufactured and delivered1 • BQ-750 Block 2 (larger multirotor target) released, with customer sales already made1 • BF-100 fixed-wing target initial low-rate production release achieved with sales made to customers in Europe and US. The full commercial release set for Q3FY271 • BF-150 Group 1 fixed wing target development commenced1 • BQ-300/350 in development pause due to supply chain constraints and evolving customer specs1 Ground Control System (GCS) BS-350 BQ-750 BQ-400 2 ASX 19.10.26 Quarterly Activities/Appendix 4C Cash Flow Report COMMERCIAL-IN-CONFIDENCE 11 TECHNOLOGY EDGE: ONE-TO-MANY GROUND CONTROL CASA certification to fly up to 20 target drones simultaneously for customers Certification for up to 100 simultaneous drones for internal testing and development Enables realistic drone "swarm" threat emulation for military training Single ground control station manages multiple concurrent targets Differentiates Boresight in the growing CUAS training market COMMERCIAL-IN-CONFIDENCE 12 BUILDING THE MOAT 01 Sovereign Design & Manufacturing Fully sovereign capability ensuring complete supply chain security and local defense alignment. 02 Proprietary GCS & Autonomous Swarming Cutting-edge ground control software enabling scalable multi-drone swarm operations. 03 Rapid Onshoring at Scale Proven ability to quickly establish local manufacturing facilities near key international customers. 04 Expanding Target Types for Threat Emulation Developing next-generation target variants to deliver end-to-end aerial threat scenarios. 05 Developing Long-Term Contracts with Defense & Industry Securing multi-year, recurring operational agreements with global militaries and tier-1 primes. COMMERCIAL-IN-CONFIDENCE 13 GLOBAL BST OUTLOOK GLOBAL C-UAS BUDGETS INCREASING US$21B | USA Requested for C-UAS in the 2027 Budget¹ US$40B | NATO Allocated for C-UAS over next five years² 790M GBP | UK Dedicated for air drone and missile defence³ A$7B | AUS Invested for C-UAS over next ten years⁴ BORESIGHT (BST) STRATEGIC POSITION 01 Customer Expansion Growing base of repeat defence and industry customers across multiple geographies 02 Strategic Investment Focus FY27 to remain a year of strategic investment: manufacturing capacity, R&D, and market expansion 03 Core Infrastructure Integration Low-cost attritable targets increasingly core to global military training infrastructure ¹ U.S. Department of War, FY 2027 Budget Request Overview Book, Office of the Under Secretary of War. ² NATO, "NATO's Drone Edge," Official Text, 7 July 2026 (nato.int). ³ UK Government, "£15 billion new funding boost to transform Armed Forces and keep the UK safe," Ministry of Defence, 30 June 2026 (gov.uk). ⁴ Australian Government, Minister for Defence, "Albanese Government to invest up to $7 billion in counter drone defence," Media Release, 21 April 2026. COMMERCIAL-IN-CONFIDENCE 14 MARKET CAP A$45.98M OPTIONS 34.2M* SHARE PRICE A$0.20 as at ASX 19.10.26 SHARES ON ISSUE 209M DIRECTORS & SENIOR MANAGEMENT HOLD 49.3% *Five year expiry with 25 cent strike price. ASX 09.06.26 Investor Presentation June 26 CAPITAL STRUCTURE COMMERCIAL-IN-CONFIDENCE 15 WHY BORESIGHT Proven, high-growth revenue trajectory (~81% three-year CAGR) Strengthened, debt-free balance sheet post-IPO Deep, expanding relationships with US Department of War and ADF Scalable global manufacturing footprint Clear runway: expanding pipeline in a structurally growing defence market COMMERCIAL-IN-CONFIDENCE 16 LEADERSHIP TEAM BACKED BY DEFENCE EXPERTS Justin Olde Managing Director & CEO Dr Andrew Windsor Non-Executive Chairman Michael Sinkowitsch Executive Director Blake Burton Non-Executive Director WE KNOW DEFENCE | WE KNOW DRONES | WE KNOW BUSINESS COMMERCIAL-IN-CONFIDENCE BORESIGHTUAS.COM 17 BUILT FOR TRAINING. POSITIONED FOR GROWTH. Justin Olde MD & CEO j.olde@boresightuas.com Realistic aerial targets for counter-drone training and testing. QUESTIONS & DISCUSSION