Investor Presentaiton

FINANCIAL OVERVIEW ($ in millions) 140 120 100 80 60 40 20 Revenue 2015 2016 $95 - $105(1) Range Guidance CMS MEHPS CDT VCTS 2017 2018 2019E 2020E Adjusted EBITDA $8.0 $7.6 $7.1 $6.1 $7.0 - $8.0(1) Range Guidance 2015 Training & Simulation Incremental Revenue over 2019 2016 2017 Power Systems 2018 2019 E Total Company Estimate AROTECH 6 Incremental Revenue over 2019 (1) Guidance range provided by company as of May 9, 2019. Arotech undertakes no obligation to update its estimates Nasdaq: ARTX

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