#120+ Years of Innovation draganfly A Trusted Name in UAV AI, Software, Hardware, Sensors & Services Corporate Presentation May 2023 ABONE ALL dagan ELY#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 information" within the meaning of Canadian securities legislation and "forward looking statements" within the meaning of US securities legislation "(selectively"forward-statements"). 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.#3Company Overview QO RECOGNIZED AS A LEADING GLOBAL NORTH AMERICAN DRONE SOLUTION PROVIDER A leading and rapidly growing drone manufacturer and solutions provider. Artificial Intelligence and Data Analysis capabilities target multipl dustrial 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. Domestic drones support by government and corporate concerns over security issues. Favourable regulatory environments ie. Recent Federal Aviation Administration guidance allowing for beyond visual line of sight and operations and flights over populated areas.#4Industry Outlook $30.6B $55.8B 2022 > 2030 Industry Insights 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. 100 000 New Commercial Job Opportunities Approximately $20B in growth in the commercial drone space. Key Drivers draganfly Regulatory shift to domestic drones vs outside North America. Federal Aviation Administration driving regulatory clarity for drone delivery. Advances in technology creating efficient business model. Adoption by new market verticals to utilize drones. Source: https://dronelife.com/2022/09/26/droneii-drone-market-report-where-the-drone-industry-will-grow-the-fastest-by-2030/#5Industry Evolution Hardware 1995 Air Frame Flight Controller Battery Propellers Transmitter Software / Sensors > Autonomous / Al > Data / Delivery 2005 2020+ Engines FPV Camera Electronic Speed Controller Power Distribution Board Receiver 2018 draganfly 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.#6Our Partners Canada CANFOR Taseko> UBC THE UNIVERSITY OF BRITISH COLUMBIA transulta Nutrien ASU ALABAMA STATE ENDER BY ENTERTAINMENT A AFORSITE Forest Management Specialists olsson Ford VIACOM TOLKO AA Red Bull WINDFALL GEOTEK fobi UND NORTH DAKOTA CP CN Nebraska University of South Australia LAFARGE UNIVERSITY OF SASKATCHEWAN EDCOR SUNCOR draganfly™ LSU TALLA EGA COLLEGE AXIOM GMC McGill McElhanney ORL THE DRONE RACING LEAGUE OLEA ✔Vital Intelligence Meridian Surveys BC Oil & Gas COMMISSION Dow Vermeer Lufthansa Industry Solutions Bluvec Technologies SECURE YOUR SKY ddl CLEAR FRANKLIN COUNTY SHERIFF'S OFFICE draganfly Lakeland COLLEGE AV AeroVironment™ LGRA SSTRATEGIC NEWMONT GOLDCORP. GIBRALTAR INDUSTRIES Valqarı COLD CHAIN TECHNOLOGIES SOUTH CAROLINA B OPP Q POLIC#7Business Model Contract Engineering Prototyping Designing Engineering Flight Services Mapping Surveying Data Collection Delivery Product Development & Sales Multi-Rotors Fixed Wing Controllers Ground Robotics Sensors Software Energy Mining Military Security AI Software, Data and Al Infrastructure draganfly Cu Ni Pd Alim#8Products & Services Products Draganflyer Commander 2 Draganfly Commander 3 XL Draganfly Heavy Lift Drone Draganfly Long-range LIDAR Vital Intelligence Payloads and Sensors Medical Response Drone H Flight Services Military Mining CANVASO Forestry BEGONAN RES Bagi mis Security Agriculture Powerlines S draganfly Al & Data Solutions Aerial & Fixed Camera Indoor & Outdoor Health Safety Integrated Data Operations TUE#9Draganfly Products and Capabilities Military Public Safety Commercial Prosumer < Education Consumer Draganfly XL Drone Valgari 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 Tether Drone System DDL Cosmo Companion 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#10Autonomous & Semi-autonomous Drone Delivery draganaly dragen drajan Fly 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.#11Medical Response & Search And Rescue Drones THE INITIAL SHIPMENT OF 13 UNITS INTO UKRAINE (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 Revived Soldiers Ukraine 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.#12Growth Strategy CLEA NOWN Organic Growth New Product Development Expand Engineering Force Penetrate New Verticals Joint Ventures Strategic Partnerships Growth Through Acquisitions draganfly Acquire Entities in Different Verticals Advanced Specific Technology Solutions/Software Engineering Design and Flight Staff Strategically Partner or Joint Venture with Industry Leaders#13IP Portfolio 100 1004 Pixel Based Image Tracking System for Unmanned Aerial Vehicle (UAV) Action Camera System Patent Number: 9,785,147 - Issued: 10/10/17 5045 Dual Rotor Helicopter with Tilted Rotational Axes Patent Number: 8,052,081 - Issued: 11/08/11 100 Draganfly has 23 Issued Patents We intend to significantly increase our technology and patent portfolio going forward. 104 104 RA CA 120 ga 20 FIG. 1 100 120 RA -130 110 -112 w CAMERAS MAT Wheel with Folding Segments Patent Number: 8,753,155 - Issued: 06/17/14 TAN PA PB Cascade Recognition for Personal Tracking via Unmanned Aerial Vehicle (UAV) Patent Number: 9,892,322- Issued: 02/13/18 HO 5A 3A- C 3B- 4 D -C -9 -7 -3 -5, 5B Action Camera System for Unmanned Aerial Vehicle Patent Number: 9,769,387 - Issued: 09/19/17 112 114 1125 Vehicle with Aerial and Ground Mobility Patent Number: 9,598,171 - Issued: 03/21/17 112 draganfly 112dy Helicopter with Folding Rotor Arms Patent Number: 8,292,215 - Issued: 10/23/12 your 424200 -110#14Financial Summary Financial Results Revenues Comprehensive Income (Loss) In Canadian $ Balance Sheet Cash In Canadian $ Q1 2023 $1,601,486 ($7,096,995)*¹ Q1 2023 Q1 2022 $2,044,562 ($6,292,494)*2 $13,368,936 FY 2022 $7,605,059 ($27,305,305)*3 draganfly FY 2021 $7,053,865 ($16,399,137)*4 *1 The comprehensive loss for the three months ended March 31, 2023, includes non-cash changes comprised of a change in fair value of derivative liability of $57,314, a write down of inventory of $77,047 and would otherwise have been a comprehensive loss of $7,077,262 *2 The comprehensive loss for the three months ended March 31, 2022, includes non-cash changes comprised of a negative change in fair value of derivative liability of $1,230,860, an impairment recovery on notes receivable of $771,260 and would otherwise have been a comprehensive loss of $5,832,735 The net loss and comprehensive loss for the year ended December 31, 2022, includes non-cash changes comprised of a change in fair value of derivative liability of $5,502,688 ($8,149,812 - 2021), an expense for impairment of notes receivable of $309,385 ($891,471 - 2021), a write down of inventory of $1,976,514 ($nil - 2021), and an expense for goodwill and intangibles impairment of $6,454,914 ($4,579,763-2021) and would otherwise have been a comprehensive loss of $24,067,180. *4 The comprehensive loss for the year ended December 31, 2021, include a change in fair value of derivative liability of $8,149,812, impairment of a notes receivable of $891,471, and an expense for goodwill impairment of $4,579,763, and would otherwise be a comprehensive loss of $19,077,715.#15Capitalization Table Fully Diluted Capitalization Basic Shares Outstanding (as at Mar 31/23) Warrants (as at Mar 31/23) [WAEP $6.23] Options (as at Mar 31/23) [WAEP $4.60] Restricted Share Units (as at Mar 31/23) Total Fully Diluted Shares 42,984,965 254,798 877,157 1,110,884 45,227,804 draganfly#16Innovation Timeline & Milestones Quadcopter 1999 Patents for folding wheel design 2014 Drone with video 2001 Inducted to National Law Enforcement Museum 2015 Drone with self-connecting positions 2005 Patents for Rotor and Wheel Combo 2017 Breaking ground with international firsts. Drone with stabilized video 2006 Patents VTOL with Folding Wing 2018 Federally approved in America 2009 Tango 2 with Patented Dual Wings 2019 Drone use by law enforcement 2009 Solar Powered Full Day Flight Time 2019 Drone 2-axis camera stabilization 2010 Launching Eagleye Mining Al System 2020 Drone with dual payload 2012 Patent Pending VTOL delivery with variable center of gravity 2021 draganfly Life Saved 2013 Commander 3 XL Heavy Lift Drone Long-range LIDAR Vital Intelligence 2022 Drone inducted in the Smithsonian 2014 2023#17Leadership Executive Team Cameron Chell CEO / PRESIDENT / DIRECTOR Cameron has been a technology entrepreneur for more than 30 Iyears and has spent his career growing a diverse collection of high-potential ideas into revolutionary companies that have changed the way we experience. the world. Cameron takes a hands-on leadership role in projects, infusing innovation and adoption with the operational principles of clarity. alignment, and measurement into. the culture of every team he works with. Paul Mullen CHIEF OPERATING OFFICER Over the last 15 years, Paul hast been responsible for operational strategy and execution with a scope that includes product expansion, mergers and acquisition, organizational development, and go-to-market oversight for both enterprise-level and start-up organizations. Paul brings a willingness to nurture bold ideas and a track record of connecting and developing diverse teams. Highly motivated by innovation, he thrives in the development and pursuit of next-generation strategic objectives. Paul Sun CHIEF FINANCIAL OFFICER Paul is a capital markets professional and trained engineer with over 25 years of business experience. He has held senior roles at investment banks including Scotia Capital, Desjardins, and Beacon Securities. Paul has provided financial solutions for a wide range of companies from small start-ups to billion-dollar market-cap organizations and has been involved in numerous transactions across the entire capital structure. He has also held project and senior operations management positions at a number of private and publicly traded companies. Scott Larson LEAD DIRECTOR Scott brings over 25 years of combined corporate finance, technology development and entrepreneurial experience to the Board. Currently CEO of SpaceAlpha Insights, a Vancouver-based newspace company building out the world's premier commercial synthetic aperture radar satellite constellation. Scott was CEO and co-founder of Helios Wire, a satellite company building out a space-enabled loT/M2M network, and was CEO and co-founder of UrtheCast. Scott helped scale UrtheCast from its inception, taking it public on the TSE. draganfly Deborah R. Greenberg CHIEF LEGAL OFFICER Deborah has over 30 years of experience in business and in law. She is known as a pragmatic, energetic, no-nonsense business partner and executive, with outstanding leadership, operations and relationship management skills. Most recently she was the Chief Information Officer at CMHC, where she also held the role of the Chief Legal Officer. Prior to that she was General Counsel at Aimia (Aeroplan). Deborah started her law career at Davies Ward Phillips & Vineberg LLP.#18Leadership Board of Directors John Mitnick CHAIRMAN John is an American attorney with 32 years of experience serving at the highest levels of government and the private sector. From February 2018 until September 2019, he served as the General Counsel of the U.S. Department of Homeland Security (DHS), having been confirmed for that position unanimously by the U.S. Senate. In that capacity. John was the chief legal officer of a federal security and law enforcement agency with more than 240,000 employees, was responsible for providing legal advice and counsel from DHS and all of its components. Andy Card DIRECTOR The second longest-tenured White House Chief of Staff, Andy has served in senior government roles under three U.S. Presidents. Mr. Card serves on the Board of Directors of public corporation Union Pacific, on the Business Advisory Board of BrainStorm Cell Therapeutics, on the Advisory Board of the U.S. Chamber of Commerce, and on a number of non-profit boards. He is also a professional speaker represented by the Washington Speakers Bureau and joined NBC News as a contributor in April 2017. Julie Myers Wood DIRECTOR Julie Myers was appointed by President Bush to serve as Assistant Secretary of Homeland. Security for Immigration and Customs Enforcement (ICE). Previously, Ms. Myers worked for the Office of Independent Counsel under Kenneth Starr and was appointed Assistant Secretary for Export Enforcement at the Department of Commerce. She currently is CEO for Guidepost Solutions, LLC, a leading investigative and compliance consulting firm where she leads a global team of investigators, experienced security and technology consultants. Olen Aasen DIRECTOR Olen is a corporate and securities lawyer with more than 13 years of experience in corporate, securities and regulatory matters. He has been the Corporate Secretary, General Counsel or Vice President, Legal at various Canadian and U.S.- listed companies. Mr. Aasen obtained a J.D. from the University of British Columbia in 2006 and was called to the British Columbia Bar in 2007. Olen was also appointed to the 2016 Legal 500 GC Powerlist for Canada. draganfly Denis Silva DIRECTOR Denis is a partner at DLA Piper (Canada) LLP, an international law firm, advising clients on corporate finance and mergers and acquisitions with a focus on the technology and mining sectors. Denis has been recognized by Lexpert and Chambers, and has acted for a wide variety of companies listed on the Canadian and U.S. exchanges. Denis holds a BA from the University of British Columbia, an MPA from Queen's University, and an LLB from the University of Windsor.#19Summary Technology Providing Advanced Drone Services & Solutions Advanced, reliable product lines Data analysis and artificial intelligence Strong intellectual property portfolio New product offerings on the horizon Traction Rapid Financial Growth Continued new contract wins Nine straight quarters of double digit growth Strong balance sheet Advanced multi-year pipeline draganfly Team Seasoned Executive Team Complimented by Hi-Tech Staff Entrepreneurs, legal and government experience navigating direction Innovative staff with proven track record#20ABOVE ALL ELSE draganfly US & CANADA: 1-800-979-9794 INTERNATIONAL: 1-306-955-9907 [email protected] [email protected] INVESTOR [email protected] DRAGANFLY.COM