DELTA DRONE - Clarification and outline of the 2020-2021 plan’s guiding principles

Clarification and outline of the 2020-2021 plan’s guiding principles

• Impact of the worldwide health crisis
• Building a stable shareholding base thanks to a new reference shareholder
• The Group’s situation in general
• Continued implementation of the policy to decrease operating expenses
• Calling an Extraordinary General Shareholders’ Meeting behind closed doors

Dardilly, 30 March 2020

As a reminder, the 2020-2021 plan was the subject of a press release dated 10 June 2019. It is based on three main goals to be reached by the end of the plan: consolidated revenue of €30M, a positive operation margin of 10% and 30% of revenue generated outside France.

Impact of the worldwide COVID-19 health crisis
             
Although it is too early to evaluate the actual impact of the crisis, there is no doubt that there will be serious repercussions throughout the world economy.
As for the Group’s internal organization, even though Delta Drone is not currently affected by supply delays or disruptions, the consequences of several weeks of total shelter-in-place for employees and service providers, as well as the suspension of all travel, especially international travel, could upset the plan’s implementation schedule. However, as of now, this will not change the end goals. Finally, the suspension of various projects, particularly in France, could affect our level of activity for the  first quarter or even the first six months of the current financial year.

As for possible new opportunities, the health crisis has led to increasing – and highly publicized – use of drones by public authorities and law enforcement since drones allow them to “go” anywhere to ensure that the shelter-in-place rules are being followed and deliver cautionary messages.
In this respect, the ISS SPOTTER solution would be very well adapted as automated surveillance flights can be programmed for sites or geographic areas from an intelligent docking station where the drones can take off, land and recharge.

Building a stable shareholding base thanks to a new reference shareholder

Delta Drone has all the elements necessary to quickly become one of the major players in the field of civilian drones at an international level.

It is in this context and in view of the 2020-2021 plan’s goals that, on 27 March 2020, the Group signed an agreement with the European investment company Ott Ventures that will allow Delta Drone to have a reference shareholder – and thus build a stable shareholding base – in  addition to the shares already held by the company’s management.