Velan Investor Presentation Q1 F2024

Backlog 1 Backlog ($m) $490.5 m backlog1. 700 ■$335.8 m shippable in the next 12 months. 600 1.36 book-to-bill ratio¹ for the quarter driven by strong bookings and partly caused by an increase in finished 500 goods not yet shipped. 400 1 year 300 Within 12 months backlog¹ comparable to previous year. 200 ■The backlog¹ was favorably impacted by the strengthening of the euro spot rate against the U.S. dollar since the beginning of the fiscal year which represented $2.6 m. < 1 year 100 1 Non-IFRS and supplementary financial measures - additional specifications at the end of this presentation 0 2019 2020 2021 2022 2023 2024 VELAN

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