AMMO Investor Presentation Deck

1. ACTION OUTDOOR SPORTS OVERVIEW Profile $250.0 $200.0 $150.0 $100.0 $50.0 $0.0 Leading ammunition and brass casing manufacturer with proprietary products New, state-of-the-art 185,000 sq. ft. ammunition and brass case manufacturing plant in Manitowoc expected to triple current manufacturing output Scaled to support recent industry growth Action Outdoor Sports Net Revenue ($M) $235.0 $62.5 FY 2021 $172.7 FY 2022 FY 2023 (Est.) FY 2023 guidance provided 8/15/2022. Data reflects guidance at midpoint of range. $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 Action Outdoor Sports Adj. EBITDA ($M) $8.1 FY 2021 $35.0 FY 2022 $58.5 FY 2023 (Est.) Investment Highlights 1 2 3 4 5 ammo INCORPORATED Differentiated, patented products backed by leading technology Opportunity for efficiencies and margin improvement from move to Manitowoc facility Consistent growth and attractive cash flow Significant opportunity in the military and law enforcement markets Vertically integrated, scalable model 11

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