Cubic Global Defense

Vice Admiral (Retired) David H. Buss

Senior Vice President, Cubic Corporation

President, Cubic Global Defense

NextTraining™ Strategic Priorities:

Provide Performance-Based

Training Solutions

Deliver High-Fidelity Multi-Domain

Training Environments

Integrate Next-Generation Immersive

Training Capabilities

47

48

The World Remains a Dangerous Place

Re-emergence of a great power struggle akin to Cold War

New National Security and Military Strategy

Readiness being driven back toward the “high-end” fight

Multi-Domain Battle: capability need to address

Domestically – All About Readiness and Modernization

Service Chiefs: Readiness of their force; Procurement Reform

Combatant Commands: Strengthen alliances; attract new partners

Congress: Two-year Omnibus (YOY growth)

Internationally – Compelling Need to be Ready/Modernize for Tomorrow

Mature Cubic Franchises: Canada, UK, Australia, Saudi Arabia, Singapore

Emerging Opportunities: Taiwan, Japan and Eastern Europe

Strategic Security and Budget Environment: CGD Implications

Real world events are shaping tomorrow’s training investments

49

CGD Portfolio Overview

NextTraining™

Business Segment

Ground Combat Immersive Virtual Air Combat

$360m

Contract Type

Prime Subcontract

Key Customers

US Army

20%

USN / USMC

14%

USAF

8%

US Other

10%

International

47%

43%

29%

29%

77%

23%

50

Future of Air Combat Training Solutions for High-Fidelity Multi-Domain Environments > $3b Pipeline

High-Fidelity Multi-Domain Training

Air, cyber, space, maritime and land integration

Multilevel security

Meets 5th-gen requirements for air combat (F-35 JSF)

Domestic and International Opportunity – Driven by JSF

European and NATO focus on Regional interoperability

Asia focus on joint US operations in region

Middle East fighter aircraft procurement resurgence

CGD Well Positioned

USAF/USN SLATE ATD delivering Joint LVC solution

Exportable technology

Cubic P5 position on JSF with > 1000 units ordered/installed

51

Future of Ground Combat Training Synthetic Training Environment – Army Program > $1b Pipeline

Collective Virtual Training Capability

Marksmanship Training | LVC Exercises | Training Feedback

Cubic Technologies: Intelligent Tutor, Scopic, LTE, TOME

= Soldier / Squad Virtual Trainer (S/SVT)

Single Tool Suite Across all Training Domains

LVC Architecture | Big Data | Adaptive Learning

Cubic Technologies: CATS METRIX, Proteus, Synthetic “wrap”

= Training Simulation Software (TSS) & Training Management Tool (TMT)

Virtual & Live Training Across all Environments and Devices

Ground Live & Virtual Product Lines, Point-of-Need Training

Cubic Technologies: Mobile LTE (Deltenna), HERMES

= Enhanced Live Training Environment

Positioned to accelerate learning, increase throughput, improve retention and provide end-to-end assessment

CGD International Focus – Indo-Pacific Franchises 52

Indo-Pacific: Australia, Singapore, Taiwan

$700m+ pipeline

Cubic is globally deploying

innovative capabilities to

support live & simulated

training for air & ground

CGD International Focus – Western Europe/NATO Franchises 53

Western Europe: UK, Spain, Italy

$500m+ pipeline

CGD International Focus – Eastern Europe Franchises 54

Eastern Europe: Poland, Georgia, Ukraine,

Baltic States

$200m+ pipeline

CGD International Focus – Middle East Franchises 55

Middle East: Saudi Arabia, Qatar, UAE

$800m+ pipeline

Air and Ground Training

Advanced Digital Technologies

Predictive analytics and Real-time assessment

Machine learning powered adaptive tutor

Artificial intelligence driven constructive framework

56

2017/2018 Highlights

Goal 2020: From Instrumentation to Predictive Platform Provider

Goal 2020: On Track

Acquisition of Deltenna –

Mobile LTE Comms

Pivot to international markets

paying off – New CTC’s (Taiwan, Latvia,

Hungary, Georgia)

– Expanding franchises: Canada,

UK, UAE, Australia

Leading ACMI market – P5

interoperability across 4th & 5th

Gen aircraft

Growing position on JSF (F-35)

Leveraging LCS game based

immersive environment to

capture follow-on and new

Divestiture of low margin

Services unit, focus on higher

growth/margin markets

Revenue

Adj. EBITDA %

2017 2020P

$360m

>$400m

10.9%

9-11%

Evolving the Immersive Training Experience

AR/VR driven training solutions

Virtual-Synthetic wraps for live training

Biometrics across the training continuum

Information Network Ecosystem

LTE on the move

Cloud-based infrastructure for point-of-need training

Advanced Sensor Suite for Precision Tracking

External Environment and Adversarial Dangers Drive Changes

to Policy, Strategy and Ultimately Training

Improved Readiness Requires Ability to Train-to-Fight in

High-Fidelity Multi-Domain Environments

Technological Developments are Needed to Deliver Needed

Training Outcomes

Summary

CGD is poised for domestic, international growth

57