Advanced Analytics for Aircraft Ground Operations Efficiency | Byond Investor Insights | May 2024

Advanced Analytics for Aircraft Ground Operations Efficiency | Byond Investor Insights | May 2024

1. WheelTug

Electric taxi accelerating ground operations
and reducing carbon emissions

Investor Teaser

2. To This

No tow tug & No ground crew The WheelTug system

3. The WheelTug system saves fuel, emissions, time and corresponding OPEX

It increases aircraft utilization and airport throughput Key F Igu res

ECC 7-20 saved minutes per cycle
H ow? / Total Savings $1.5-$3K per flight = $2-S4M per 737/A320 per Year
. Today's market 15k aircraft, growing to 25k by 2032
WheelTug REN Up to 35% more flights per gate daily (not included in above savings)

Gives aircraft
a reverse gear

4. Airline profitability is strongly correlated to time on the ground .
The loss equipment and personnel time consumed, the higher revenue | TIME Value

250%

AirAsia

r eso

.

Ryan

O a
+ “Allegiant

regional average)

er”
o * Wizz 150%
Lower Ground Alaska e jetpiue O
Time > Delta y e 2 Spirit O e Southwest 4
a 100% $
Greater Profit e % Ta 2
United, American «| $ E
@ sas sox $
® Lufthansa
AF-KLM . Asiana
Singapore on

120% 115% 110% 105% 100% 95% 90% 85% BOK 75% 70%
Narrowbody Ground Time (vs regional average)

5. WheelTug has signed LOIS with 25+ airlines for 2,600+ aircraft

IndiGo
Le Spicejet
malaysia 1}
SS SunExpress
Mae

AlbaStar.es 7

Representing 15%+ of global narrow body fleet

iad vueling

Nudubai*
(BR) Kenya.

Airways
Deng

‘AIRWAYS

a + undisclosed
werk: A airlines

| Customers

6. It never sleeps

But in our case we have quite a head start I Competition

Safran Green

WheelTug Taxi

Green Taxi Taxibot Mototok Legacy Tug

‘On-board Onboard Or-board GSE GSE GSE

6 months to EIS On hold, notfor Early RED

sing aie! stage Onthemarket On the market On the market

3 2 E 9 9
Eliminate: Yes Yes Yes No No No
Ground Staff?
CAPEX for
Ce o Est $1-$1.4M Unknown Est. $2M EstSO5-SIM Est S0.5M
Business Model PES Sale Unknown Service charge Sale Sale

Aircraft Ground Service Ground Service Ground Service

Customer Airline ‚Aifine/Airbus OEM Company or Airline Company or Aitine Company

‘Weight (b) 500 880 Unknown NA NA NA

Time Savings osm

ny o Unknown, o Unknown 0

7. WheelTug's onboard electric taxiing system enables aircraft to taxi and
pushback without using main aircraft engines or a pushback tractor Product

Commercial aircraft spend an ever-increasing amount of
time on the ground. That leads to heavier delays, more fuel
burn and carbon emissions,

WheelTug's electric motors are mounted in the nose

19 ground operations, lower fu
mption, increas ation, and cost savi

Y

Technology readiness level - 7

150+ patents granted, 40+ pending
Certification path agreed with FAA

STCs projected to be granted in Q3 2025
System publicly demonstrated in MEM, US

eS

Somplemented with a 360° c tom WheelTug V
Only E-taxi solution approaching the market enhancing pilots' situational awareness and increasing safety.

Es

8. Certification Roadmap

2/3 of the way there, Entry into service projected for Q3 2025

2015 2016 2017 2023 Q3 2025
Proposed Certification _. o Issuance of FAA Approvals
Certification Plan formally Certification Plan execution Issuance of EASA Approvals
Plan submitted accepted by 70% completed as of 12/2023 via bilateral agreement

to the FAA the FAA Issuance of DGCA Approvals

9. Power-by-the-hour based billing

Service business model i Business Model

WheelTug systems will be leased to airlines
on an industry recognized
Power-by-the-hour (PBH) basis.

WheelTug will provide the systems and their
installation, maintenance, spare parts,
logistics, pilot training and 24/7 support for a
fixed rate on an operational duration basis.

System usage will be tracked and logged
through a software solution in the cockpit
control panel.

This is a common and established industry
practice for how engines and other parts are
leased in aerospace

The model brings no CAPEX to customers
and provides continual revenue to the
system's manufacturer.

10. WheelTug is a privately owned company. T
The entire management team is fully or partially remunerated in equity. eam

02500666

Isaiah Cox Jan Vana Jack France NechamaCox Alex Froes ph Co Scott Moses Tomas Vana
‘CEO coo om IP Manager Chief Engineer aa WheelTug PM wry PM

Princeton USAirForceand University of South Bamard FR University of Niagara University College
University Staff College Carolina College Pennsylvania College London
Founder of Honda-GE Primary developer Mercedes Benz — Lockheed Martin Amazon

O e mg Pricewatrouse
Holder of 120 Cum ae Honda North technology Ras aes. Intel 13 Coopers

patents ‘America Heads the IP Team IBM IMAX PM Cabinet CZ

11. WheelTug has already raised $93M in cash from individual and institutional

investors and in products and services from risk-sharing Partners I Fu ndi ng

Current Series B: funds are to complete certification

$40M

Term Sheet executed and in process to Written Offer.
Convertible debt

Korean Fund. Term Sheet executed, closing in May

Strategic equity, will proceed once $10-$20 million alongside

VC/institutional matching funds. Require a suitable Lead

Advanced
negotiation
stage

12. Thank You!