#120+ Years of Innovation draganfly A Trusted Name in UAV AI, Software, Hardware, Sensors & Services Corporate Presentation May 2022 DADADELY#2draganfly This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities of Draganfly, Inc. (the "Company") in any jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No securities commission or similar authority of the United States, Canada, or any other jurisdiction has reviewed or in any way passed upon this presentation or the merits of the securities described herein, and any representation to the contrary is an offence. This presentation does not contain all of the information that would normally appear in a prospectus or registration statement under applicable Canadian or United States securities laws. Readers should not construe the contents of this presentation as investment, legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisers in relation to such matters. Disclaimer The Company does not make any representation or warranty (express or implied) as to the accuracy or completeness of the information in this presentation. Except as may be required by applicable law, the Company expressly disclaims any obligation to update any of the information contained herein or to inform readers of any matters of which it becomes aware that may affect any matter referred to in this presentation. Certain information in this presentation is based on management estimates. Such estimates have been made in good faith and represent the current beliefs of management. Management believes that such estimates are founded on reasonable grounds. However, by their nature, estimates may not be correct or complete. Accordingly, no representation or warranty (express or implied) is given that such estimates are correct or complete. Market data and certain industry data and forecasts included in this presentation were obtained from internal company surveys, market research, publicly available information, reports of governmental agencies and industry publications and surveys. Where this presentation quotes any information or data from any third-party source, it should not be interpreted that the Company has adopted or endorsed such information or data as being accurate. The Company has not independently verified any of such information from third-party sources or any underlying assumptions. Accordingly, the Company makes no representation or warranty (express or implied) on the fairness, accuracy, completeness or correctness of any such third-party information. Certain statements contained in this presentation, other than statements of fact that are independently verifiable at the date hereof, may constitute "forward-looking statements within the meaning of Canadian securities legislation and regulations and other applicable securities laws. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown, many of which are beyond the Company's control. Such risks factors include but are not limited to: business risks, market risks, and risks associated with micro-cap companies. Consequently, actual future results and events may differ materially from the anticipated results and events expressed in the forward-looking statements. The Company believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this presentation. These forward-looking statements speak only as of the date made, and the Company is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable legislation or regulation. 2#3Company Overview RECOGNIZED AS A LEADING GLOBAL NORTH AMERICAN DRONE SOLUTION PROVIDER A leading and rapidly growing drone manufacturer and solutions provider in a strong financial position. Artificial Intelligence and Data Analysis capabilities target multiple industrial applications. Strong IP complemented by active R&D efforts. New Product Developments - Driven By Customers draganfly Drones or Unmanned Aerial Vehicle (UAV) Opportunity Market has significantly expanded in the government, civil, and commercial sectors. Government and corporate pressure favouring domestic drones owing to security concerns. Favourable regulatory environment ie: Recent FAA regulations allowing for drone delivery over populated areas has created a major growth opportunity. 3#4Industry Outlook Industry 牌 $20B 2022 100 000 New Commercial Job Opportunities Approximately $20B in growth in the commercial drone space. Drone industry is highly fragmented and rapidly growing. Private equity backing start-ups. Commercial drone market an inflection point in demand for hardware, services and solutions. New emerging technologies: sensors, Al, autonomy, hybrid drones (vertical take off and landing or VTOL). Large markets (delivery) positioned for significant growth. Key Drivers $43B 2028 draganfly Regulatory shift to domestic drones vs outside North America. FAA easing regulatory push for drone delivery. Advances in technology creating efficient business model. Adoption by new market verticals to utilize drones. 4#5Industry Evolution Air-Frame Flight Controller Battery Hardware 1995 Propellers Transmitter Engines Software / Sensors 2005 Electronic Speed Controller Power Distribution Board First Person View Camera Receiver draganfly Autonomous / Al > Data 2018 2020 Draganfly has the experience, IP and infrastructure to deliver end to end solutions. Hardware is designed to match the mission profile. Software/Sensors are designed to power the hardware and mission. Autonomous is designed to provide optimization and lower operating costs. Data collection and analysis is designed to provide strategic insights and competitive advantage. 5#6Our Partners CANFOR THE UNIVERSITY OF BRITISH COLUMBIA Ford VIACOM TOLKO Red Bull ASU ALABAMA STATE UNIVERSITY febi ОРР CP Rail LAF LAFARGE CN UB Canada Taseko TransAlta 1 UNIVERSITY OF Nebraska LSU University of EDCOR SUNCOR ENERGY Nutrien Feeding the Future™ ASU ALABAMA STATE UNIVERSITY ENDER BY ENTERTAINMENT TALLA EGA COLLEGE AXIOM GMC McElhanney A AFORSITE Forsite Consultants Ltd. OLSSON ASSOCIATES Shell ORL OLEA kiosks inc. Meridian Surveys BC Oil & Gas COMMISSION Dow UND NORTH DAKOTA UNIVERSITY OF SASKATCHEWAN McGill digitaldreamlabs CLEAR FRANKLIN COUNTY SHERIFF'S OFFICE draganfly LAKELAND COLLEGE AV AeroVironment LCRA ENERGY WATER COMMUNITY SERVICES STRATEGIC NEWMONT GOLDCORP. GIBRALTAR INDUSTRIES Valqarı COLD COLD CHAIN TECHNOLOGIES 6#7Business Model Contract Engineering Prototyping Designing Engineering Flight Services Mapping Surveying Data Collection Delivery cagan Product Development & Sales Multi-Rotors Fixed Wing Controllers Ground Robotics Sensors Software Energy Mining Telehealth Infrastructure Al Software, Data and Al draganFly#8Products & Services Products Draganfly Commander2 Medical Response Drone Search and Rescue Drone Draganfly Tango2 Draganfly Quantix Long Range LIDAR H Flight Services Mining Forestry dragan Quantix Agriculture Powerlines draganfly Al & Data Solutions Aerial & Fixed Camera Indoor & Outdoor Health Safety Onsite Vital Signs Measurement HARM 8#9Draganfly Products and Capabilities Military Public Safety Commercial Prosumer Education Consumer Draganfly XL Drone Valqari Draganflyer SmartDrone Commander Delivery Box Search & Rescue Drone Draganflyer Commander2 M2M 170 Shadow 200 Scan Eagle Predator B Draganfly LIDAR Sensor Medical Response Drone Heavy Lift Drone DDL Cosmo Companion Tether Drone System Counter Drone Systems Draganfly Tango2 Manual Only Operation Autopilot Advanced Sensors > Autonomy > Draganfly Vital Intelligence Platform Artificial Intelligence draganFly Current Draganfly Products Systems worked on by Draganfly Personnel Contract Engineering for US Military Contractors 9#10Autonomous & Semi-autonomous Drone Delivery draganfly dragan dra jan Fu draganfly Coldchain Delivery Systems Strategic Partnership Coldchain Delivery Systems (CDS) is a leader in time and temperature-sensitive medical materials Delivery to various government and commercial entities. Developing solutions and delivering sensitive medical supplies for CDS clients 10#11Medical Response & Search And Rescue Drones THE INITIAL SHIPMENT OF 13 UNITS INTO THE UKRAINE THEATRE (WITH POTENTIAL ORDERS OF UP TO 200 UNITS) Iryna Vashchuk Discipio RSU Chief Volodymyr Zelenskyy President of Ukraine Revived Soldiers Ukraine Revived Soldiers Ukraine is a non-profit humanitarian relief organization focusing on the medical response and rehabilitation of injured troops in Ukraine. They are dedicated to providing aid to the people of Ukraine so that they may fulfill fundamental rights such as the right to life, right to appropriate and affordable medical care, freedom of belief, and freedom for an adequate standard of living. draganfly RSU chief Iryna Vashchuk Discipio, was recently awarded the Order of Princess Olga the highest award that can be given to a Ukrainian civilian. Presented here by Ukrainian President Volodymyr Zelenskyy. Medical Response and Search and Rescue Drones Draganfly's Medical Response Drones are equipped with an innovative temperature-managed Medical Response Payload Box. Draganfly's Payload Box can transport up to 35 pounds of medical supplies, including blood, pharmaceuticals, insulin/medicines, vaccines, water, and wound care kits. It is also uniquely top-mounted to make deliveries safer and more accessible. 11#12Growth Strategy Organic Growth New Product Development Expand Engineering Force Penetrate New Verticals Joint Ventures Strategic Partnerships Growth Through Acquisitions draganfly TALLINNA TEOR Acquire Entities in Different Verticals Advanced Specific Technology Solutions/Software Engineering Design and Flight Staff Strategically Partner or Joint Venture with Industry Leaders 12#13IP Portfolio 1000 104 Dual Rotor Helicopter with Tilted Rotational Axes Patent Number: 8,052,081 Issued: 11/08/11 Pixel Based Image Tracking System for Unmanned Aerial Vehicle (UAV) Action Camera System Patent Number: 9,785,147 Issued: 10/10/17 1000 RA 10 Draganfly has 23 Issued Patents and one pending We intend to significantly increase our technology and patent portfolio going forward. 104 FIG. 1 100 RA RA U- 435 150 -110 100 ww L Wheel with Folding Segments Patent Number: 8,753,155 Issued: 06/17/14 CAMERAS PA wild welk n PB Cascade Recognition for Personal Tracking via Unmanned Aerial Vehicle (UAV) Patent Number: 9,892,322 Issued: 02/13/18 www.m 8 5A- B 3A- M 3B- D -C -9 -3 Ø Action Camera System for Unmanned Aerial Vehicle Patent Number: 9,769,387 - Issued: 09/19/17 5, 5B 112a ܬܕ ܘ ܐ 114- Vehicle with Aerial and Ground Mobility Patent Number: 9,598,171 Issued: 03/21/17 8 1125 112 draganfly 112d Helicopter with Folding Rotor Arms Patent Number: 8,292,215 Issued: 10/23/12 L 4 13#14Financial Summary Financial Results Revenues Comprehensive Profit (Loss) In Canadian $ Balance Sheet Cash In Canadian $ Q1 2022 $2,044,562 Q4 2021 $1,635,265 Q1 2022 Q1 2021 $19,576,902 $1,539,736 FY 2021 $7,053,865 draganfly FY 2020 $6,292,494*1 $12,635,466*2 $44,914,647*3 $16,399,137*4 ($8,015,709) $4,363,511 *2 *The comprehensive income (loss) for the first quarter of 2022 include a fair value derivative liability expense of $1,230,860, and a recovery of note receivable impairment of $771,260 and would otherwise be a loss of $5,832,894. *2 The comprehensive income (loss) for the fourth quarter of 2021 include a fair value derivative liability gain of $23,428,117 and an impairment of goodwill of $4,579,763 and would otherwise be a loss of $6.212.888. *3 The comprehensive income (loss) for the first quarter of 2021 include a fair value derivative liability expense of $41,019,172 and would otherwise be a loss of $3,895,475. *4 The comprehensive income (loss) for FY 2021 include a fair value derivative liability gain of $8,149,8121 and an impairment of goodwill of $4,579,763 and would otherwise be a loss of $19,969,186. 14#15Capitalization Table Fully Diluted Capitalization Basic Shares Outstanding (as at March 31/22) Warrants (as at March 31/22) [WAEP $4.99] Options (as at March 31/22) [WAEP $3.22] Restricted Share Units (as at March 31/22) Total Fully Diluted Shares 33,197,984 8,398,281 1,023,491 514,832 43,134,588 draganfly 15