AMMO Investor Presentation Deck

1. 2. 3. COMPANY OVERVIEW SETUL INCOHPURITER SIGNATURE /stelTH/ STREAK VISUAL AR GUN BROKER.COM $62.5 Action Outdoor Sports (Manufacturing) Engages in the design, production, and marketing of ammunition and ammunition component products Serves a variety of markets, including law enforcement, military, sports shooting, and self-defense Recently opened 185K sq. ft. state-of-the-art manufacturing plant in Manitowoc, WI that is expected to triple the current manufacturing output and provide up to $1M in operational efficiencies • • AMMO, Inc. is a technology-driven ammunition manufacturing and marketplace company • Outdoor Online (Marketplace) GunBroker.com is a marketplace of 6+ million users supporting the lawful sale of firearms, ammunition, and hunting/shooting accessories Deep network of FFL partners and unmatched scale in a large addressable market Proprietary operating platform, market-leading secure transactional technology and robust compliance protocols Net Revenue $305.0 $240.0 il $4.6 $14.8 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (Est.) Adjusted EBITDA $8.1 FY 2023 guidance provided 8/15/2022. Data reflects guidance at midpoint of range. Company did not report Adjusted EBITDA prior to FY 2019. Market and total shareholder retum data from FactSet, as of 9/9/22. $75.5 $109.5 -$6.1 -$7.8 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 (Est.) Sep-19 Three-Year TSR Sep-20 Sep-21 110% Sep-22 Action Outdoor Sports Revenue ($M) $32.2 1Q 2022 $12.3 +37% YoY 1Q 2022 OMMO INCORPORATED Outdoor Online Revenue ($M) $16.5 +34% YoY Nasdaq: PowW Enterprise Value (as of 9/9/22) Market Cap (as of 9/9/22) FY 2022 Net Revenue FY 2022 Adj. EBITDA EV/FY 2022 Adj. EBITDA Employees (as of 6/24/22) $44.3 1Q 2023 1Q 2023 $441.1M $448.0M $240.3M $75.5M 5.8x 359 3

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