CZG – ČESKÁ ZBROJOVKA GROUP SE One of the leading firearms producers for military and law enforcement, hunting, personal defence and shooting sport markets

February 2021 STRICTLY CONFIDENTIAL Legal Disclaimer

IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING

• This presentation (the “Presentation”) has been prepared by CZG - Česká zbrojovka Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Commercial Register maintained by the Municipal Court in Prague, Section H, Insert 962 (the “CZG”). By attending the meeting where this Presentation is made or byreading or accessing this Presentation you acknowledge and agree to be bound by the following terms and conditions. • The Presentation has been prepared with due care, however certain inconsistencies or omissions might have appeared in it. Therefore it is recommended that any person who intends to undertake any investment decision regarding any security issued by CZG or any member of its group (the “Group”) shall only rely on information released as an official communication by CZG in accordance with the legal and regulatory provisions that are binding for CZG. • Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. CZG does not guarantee that the assumptions underlying the forward-looking statements in this Presentation are free from errors, accept any responsibility for the future accuracy of the opinions expressed in this Presentation or undertake any obligation to update the statements in this Presentation to reflect subsequent events. The forward-looking statements in this Presentation are made only as of the date hereof. Neither the delivery of this Presentation nor any further discussions of CZG with you shall, under any circumstances, create any implication that there has been no change in the affairs of CZG since such date. • Forward - looking statements, including statements relating to expectations regarding the future financial results give no guarantee or assurance that such results will be achieved. Expectations of the management of CZG are based on present knowledge, awareness and/or views of the members of management and are dependent on a number of factors, which may cause that the actual results that will be achieved by the CZG may differ materially from those discussed in this Presentation. Many such factors are beyond the present knowledge, awareness and/or control of the CZG, or cannot be predicted by it. None of the Group, CZG or its directors, managers, advisers or representatives of such persons makes any representation or warranty, expressed or implied, as to the fairness, accuracy, completeness or correctness of this Presentation, the sufficiency of this Presentation for your purposes or the appropriateness of this Presentation for any purpose other than that for which it was intended and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. • This Presentation should not be construed as legal, regulatory, tax, accounting, investment or other advice. Nothing contained herein shall constitute any representation or warranty as to future performance of any security, credit, currency, rate or other market or economic measure. No reliance may be placed for any purpose whatsoever on this Presentation. • This Presentation was prepared for information purposes only and is neither a purchase or sale offer, nor a solicitation of an offer to purchase or sell any securities or financial instruments or an invitation to participate in any commercial venture. This Presentation is neither an offer nor an invitation to purchase or subscribe for any securities in any jurisdiction and no statements contained herein may serve as a basis for any agreement, commitment or investment decision, or may be relied upon in connection with any agreement, commitment or investment decision. What makes CZG a unique investment opportunity

1 ONE OF THE LEADING EUROPEAN FIREARM PRODUCERS WITH GLOBALLY RECOGNIZED BRAND 2 PARTNER OF CHOICE TO BOTH INSTITUTIONS & INDIVIDUALS GLOBALLY WITH UNIQUE OFFERING 3 INNOVATION AND MANUFACTURING EXCELLENCE IN ITS DNA 4 WIDE CLIENT BASE AND POTENTIAL FOR FURTHER EXPANSION 5 EXPERIENCED MANAGEMENT TEAM WITH A STRONG COMPLIANCE AND ESG FOCUS 6 PLANNED ACQUISITON & STRONG FINANCIAL PERFORMANCE A Leading firearms producer with global footprint REVENUE BREAKDOWN 9M 2020 PRODUCTION SITES SPUHR 1 LÖDDEKÖPINGE DAN WESSON NY CZ-USA CZG KS UHERSKÝ BROD BRNO ▪ Portfolio of small firearms for all segments of the civilian market (i.e. self-defence, hunting, sports shooting)

▪ Recent successful expansion into military/law enforcement END MARKETS REVENUE DEVELOPMENT

markets CZK m Civilian ▪ Around 1,647 employees in the , US and Germany

▪ A fast growing and profitable business, 2017-2019 Revenue CAGR of 14.4%, average 2017-2019 EBITDA margin 21.6%

EBITDA FROM CONTINUED OPERATIONS (”EBITDA”) (1) ▪ Over 75% of revenues from customers outside Czech CZK m Republic in more than 90 countries around the world in 2019 Military and Law Enforcement

Source: Consolidated Financial Statements of CZG as of 31 December 2019, Unaudited consolidated financial statements for the period ended 30 September 2020; figures are for continuing operations.; figures are for continuing operations, 2017-2018 and 9M2019; In terms of 2019 revenues 1 – EBITDA from continued operations “EBITDA“ calculated as Profit for the period from continued operations plus income tax, interest expense and depreciation and amortization less interest income (EBITDA margin calculated as EBITDA divided by Revenues from the sale of own products, goods, and services) One of the leading and longest standing European 1 firearms producers

FOUNDED IN 1949: #1 NATIONAL 1975: START OF THE 1997: EXPANSION OF 2001: MR RENÉ 2011: RESTART OF TODAY 1936 SMALL FIREARMS LEGENDARY CZ75 BUSINESS HOLEČEK TAKES SERVICE OFFERING ONE OF THE LEADING EUROPEAN IN PRODUCER PRODUCTION ACTIVITIES INTO THE OVER THE FOR THE MILITARY SMALL FIREARMS MANUFACTURERS US COMPANY MARKET

(1) AT THE TIME ONE OF GRADUALLY BECAME MORE THAN A FOLLOWING THE SAVING THE FOLLOWING THE Highly successful and award-winning product lines (CZ75, BREN, Scorpion) THE MOST MODERN THE MAIN MILLION PIECES SOLD PRIVATISATION OF COMPANY FROM CONTRACT FOR AND EFFICIENT CZECHOSLOVAK TO DATE THE COMPANY IN 1992 LOOMING REARMAMENT OF THE Guns used by the Czech armed forces, FACTORIES SMALL FIREARMS BANKRUPTCY CZECH ARMY French antiterrorist unit “GIGN”, police in Singapore, Mexico, Poland and Romania WORLDWIDE MANUFACTURER AFTER IT WAS Five production sites (2x Czech Republic, 2x (2) NATIONALISED IN 1949 United States and Sweden ) with around 1,647 employees in the Czech Republic, US and Germany

Two R&D hubs in the Czech Republic 1936 1949 1975 1997 2001 2011 (Prague & Uherský Brod), which together employed c. 185 FTEs(3)

The planned construction of the Group’s new production facility in Little Rock, Arkansas, United States (the “Little Rock Project”), may be further delayed, not completed as currently planned, or at all, or not produce the benefits expected.

Source: Company 1 – CZ P-10 S Optic Ready is a 2019 Winner of On Target Editor’s Choice Award, CZ P-10 won Guns&Ammo Pistol of the Year award 2017 2 – Minority interest in Spuhr I Dalby 3 – As of 30 Septermber 2020 1 The Group‘s structure

Česká zbrojovka Partners SE Free float Czech Republic

90.76% 9.24%

100% CZG – Česká zbrojovka Group SE (“CZG”) EHC-4M, SE Czech Republic Czech Republic

100% 99.32% 100% 100% 100% 100% CZG-Česká zbrojovka CZ-US CZ Export Praha, s.r.o. Česká zbrojovka a.s. Group International CZG VIB s.r.o. 4M SYSTEMS a.s. s.r.o. Holdings Inc. Czech Republic Czech Republic Czech Republic Czech Republic USA Czech Republic

49% 100% 33% 100% 100% 20% 25% 24.99% 100% 100% 100%

VIBROM Latin America ZBROJOVKA CZ – Slovensko Spuhr i Dalby AB CZ MFG, Inc. CZ CZ Brasil LTDA CARDAM s.r.o. EG-CZ Academy spol. s r.o. CZ-USA Inc. Holding, a.s. BRNO, s.r.o. s.r.o. Acquisition II. LLC. Brazil Czech Republic Sweden USA USA Czech Republic Czech Republic Czech Republic USA

Notes: 1 – As of January 2021, post-IPO HOLDING COMPANIES OPERATING COMPANIES NO ASSET COMPANIES 1 Global manufacturing organisation

CZUB Produces CZ firearms

Zbrojovka Brno Produces Brno Rifles ~ 121 FTEs(1) DAN WESSON ~1,532(1) 4M Systems CZ-USA FTEs(1) Produces, designs, markets and sells ballistic equipment and accessories CZ-USA • Produces CZ-USA and P10 Striker pistols Spuhr i Dalby(2) • Assembles CZ Scorpion EV03 and a Designs and manufactures optical mounting variety of CZ rimfire rifles solutions and weapon upgrades • Produces • Imports CZ firearms ToT (Arzenál) • Imports CZ-USA shotguns manufactured Produces CZ firearms for Hungarian army. by Huglu and Akkar Company owned by the state of Hungary

Turkish Partners Huglu and Akkar Produce CZ-USA branded shotguns

Source: Company 1 – As of 30 September 2020 2 – CZG acquired minority stake of 25% in Spuhr I Dalby in May 2020 1 Group structure underpinning the strategy OPERATING SUBSIDIARIES AND STRATEGIC VENTURES BUILD UP

DEVELOP PRODUCE AND SELL BOOST THE OFFER LEVERAGE THE EXPERTISE

▪ Research and development ▪ Manufacturing, R&D, design, tender ▪ Design, manufacture and sale of ▪ Shooting academy partnership with the Institute of and other facilities and departments tactical gear for military and law ▪ Marketing tool to increase brand Physics of the Czech Academy of enforcement ▪ Production facilities in Europe and loyalty Sciences USA ▪ Defence materiel trade ▪ Financing, training and support for ▪ Strategic investments into ▪ New production facility, distribution ▪ Strategic investments into optics to buyers companies to develop and produce centre and the US head office to be develop first in class products for components and materials built in Little Rock most demanding clients ▪ 150 distributors in approximately 100 countries

Minority stake, CZG strategic investment

Source: Company 2 A truly Global player CZG HAS WIDESPREAD CUSTOMER BASE ACROSS ALL REGIONS Serving over 90 markets, without being strongly dependent on single market when compared to key competitors Selected Military & Law enforcement references​

Largest markets of listed peers (% of 2019 revenues) Military and law enforcement units Hungary, Poland, Czech Republic, Slovakia, Smith & Wesson Brands(1) Sweden(3), Netherlands(3), Denmark(3), USA 95% , Romania, Jordan CZ Sturm Ruger (2) 4.4 % USA 95% Police and/or border guards EUROPE Czech Republic, Slovakia, Poland, excl. CZ Germany(3), Romania, 12.1 % Mexico, Singapore, , , , Kenya

Rest of the USA World Antiterrorist units 69.9 %​ 13.3 % France

Source: Company: Unaudited Consolidated Financial Statements for the Period Ended 30 September 2020; figures are for continuing operations. 1 – Smith & Wesson Brands, Inc. Report on Fourth Quarter and Full Year Fiscal 2020 Financial Results, for comparison FY 2020 covering 1.5.2019-30.4.2020 is considered as 2019 2 – Sturm, Ruger & Company 2019 Annual Report and Form 10K 3 – Company source Well-structured R&D process aiming at successful 3 launches meeting the industry trends

INDUSTRY TRENDS CZG R&D FRAMEWORK TANGIBLE R&D IMPACT

Applied Research Product Development NEW PRODUCT LAUNCHES ▪ Higher demand for customization ➢ Assault rifles developed in cooperation with Czech Army ▪ Personalisation ➢ Modifications to introduce state SHORTER INNOVATION CYCLE of the art products (GIGN)

▪ Shortening of the product life cycle

NEW SURFACE TREATMENTS Engineering

▪ New materials (polymers, metals)

APPLICATION OF INDUSTRY 4.0 ▪ New productive technologies (MIM, ➢ Annual innovation projects PRINCIPLES additive manufacturing) ➢ Cost saving projects ▪ Integration of optical targeting ➢ New technologies and materials GREATER USE systems OF ROBOTICS & AUTOMATION (polymers and composites)

▪ Integration of electronic systems HIGHER LEVEL OF DIGITALISATION Active across distribution channels customised for 4 target groups CIVILIAN TARGET GROUP MILITARY AND LAW ENFORCEMENT

1 SALES THROUGH PREDOMINANTLY TWO MAIN TYPES OF CHANNELS 1 DEDICATED SALES DEPARTMENT

Experienced sales Wholesale / Dealers Retail and online Tender support team representatives

▪ 150 distributors in approximately 100 countries ▪ 2 retail stores located in ▪ Germany based sales team covering Western Europe, the Czech Republic(1) to support higher penetration in W. Europe ▪ Annual review of partners’ performance (review of business strategy every 2 years) ▪ E-shop for firearms ▪ Sales team focusing on identification of tender ▪ Agreements on a commission basis accessories opportunities ▪ May be authorized to participate and apply for tenders ▪ Online configurator ▪ Preparation of tender documentation ▪ E-shop for trade partners available in the Czech Republic, Slovakia and Poland 2 MARKETING INITIATIVES 2 CONTINUOUS MARKETING

Monthly newsletter Trade shows / Group’s web-site and Major shooting events CZ Shooting team exhibitions social media Presentations during Demonstrations to the national and international armed forces fairs

Collecting feedback from Dialogue during M&LE production process

Source: Company 1 – Direct sales are only possible in Czech Republic where CZG holds a permission for direct sales to the public Internal development coupled with strategic external growth to address demand and cater to most 4 sophisticated customers

Screens acquisition opportunities Fully integrated in CZG, success of Expansion into brands revivals complementary products and among competitors with strong technology segments military and law enforcement market presence 2004 2005 2015 2018 2018 2019 2019 2020 2021

Considers acquisitions of selected producers of complementary Zbrojovka Brno Dan Wesson Acquisition of Acquisition of Transfer of Decision to Cooperation Acquisition of Planned Colt acquired acquired majority stake in stake in Technology build a plant with stake in acquisition products (e.g. optics, opto- 4M Systems Vibrom agreement in the US Rheinmetall Spuhr i Dalby with Group for the AB electronics or ammunition) Hungarian supply of high company caliber HM Arzenál ammunition to Intends to focus on increasing military clients

penetration of Military & Law ▪ Target companies active in ▪ CZG production with ▪ Swedish ▪ Traditional firearms producers ballistic accessories segment state of the art manufacturer ▪ At the time of acquisition poor financial Enforcement markets particularly in and metal injection moulding technology of optical and commercial results ▪ Royalties from mounting Germany, W. Europe and the USA licensed products solutions for weapons

Targets an Enterprise Value ranging CZG turned acquired targets Fulfilling the one-stop-shop profitable, generated return on ambition, with expected from EUR 50m-300m, to be investment effects on margins financed by mix of debt and equity

Source: Company Industry experts with innovative mindset and clear 5 strategy, adhering to compliance and ethical standards TOP MANAGEMENT WITH EXTENSIVE EXPERTISE…

LUBOMÍR • President of the Group since 2018 ANDREJ • Head of R&D since 2018 KOVAŘÍK • CEO of key subsidiary (CZUB) between 2006 and CHRZANOWSKI • 15+ years of experience in R&D Chairman of the Board 2017 Member of the Board • With CZG since 2013 of Directors / President • Almost 15 years with CZG of Directors

JAN • Vice-Chairman of the Board of Directors and Head DAVID • Independent, non-executive member of the DRAHOTA of Finance since 2018 AGUILAR Board of Directors Vice-chairman of the • 15 years of experience in investment banking Member of the Board of • 35 years of experience with U.S. Customs and Board of Directors, • With CZG at the shareholder level since 2014 Directors Border Protection and the U.S. Border Patrol Head of Finance • With CZG since 2016

ALICE • CEO of CZ-USA since 2004 JANA • CZG Corporate Secretary POLUCHOVÁ • 20+ years of experience with US firearms market RŮŽIČKOVÁ • Over 15 years of experience in managerial Vice-Chairman of the • With CZG since 1995 Member of the Board of positions and executive roles Board of Directors / CEO Directors • With CZG since 2015 of CZ-USA

JAN • CEO and chairman of the board of directors of ZAJÍC CZUB since 2020 . Member of the Board • Previously worked as CFO of CZUB …complemented by governance of Directors • Management experience from industrial companies committees in the Czech Republic and abroad

REGULATORY AND ETHICAL REMUNERATION ACQUISITION AUDIT COMMITTEE MATTERS COMMITTEE COMMITTEE COMMITTEE

Source: Company Active ESG approach underscores CZG orientation 5 towards highest standards DOING WELL WHILE DOING GOOD

ENVIRONMENTAL SOCIAL GOVERNANCE

➢ Business partners are regularly assessed against ➢ Employee turn rate around 3.9%(1), below 4.5% limit ➢ Compliance officer position overseeing adherence to environmental criteria Ethical code ➢ Fair employer of the Zlín Region 2019(2) ➢ Focus on sustainability among top priorities in ➢ Set of internal documents and rules governing ➢ Proactive SHE policy including regular assessment research and development behavior and actions of all employees and remedy plan ➢ Higher degree of digitalization having both ➢ Cybersecurity among top priorities, following set of ➢ Focus on health and work security, available services environmental and social benefits best practices in health clinics, regular assessment and training on ➢ Focus on higher share of green energy at CZUB work related security – 2019 saw lowest number of ➢ Dedicated committees to govern multiple aspects accidents in last seven years and their orientation towards CZG goals ➢ Production automatization and modernization to eliminate negative impact on environment ➢ Leadership programme, coaching to facilitate ➢ Major shareholders’ long term commitment and development of employees strategy alignment

➢ Antidiscrimination, employment of disabled

➢ Donation of face masks to the city of Uherský Brod during covid-19 pandemic in 1H2020

➢ Over 60 charities supported in 2019(3)

Source: Company 1 – 2019 turn rate of CZUB; Internal KPI at CZUB set at the maximum turn rate limit of 4.5% for 2019 2 – https://www.kr-zlinsky.cz/kraj-ocenil-spolecnosti-ktere-se-chovaji-fer-ke-svym-zamestnancum-aktuality-15573.html 3 – Support of armed forces, police and emergency services, financial sponsorship for child oncology in Brno and many more 5 Description of regulatory environment CZG IS SUBJECT TO VARIOUS CZECH, EU AND U.S. LAWS AND REGULATIONS …that are uncompromisingly followed and complemented by adherence to ethics code and safety policies

• Source: Company

Manufacturing and Export of non-military Export of military trade firearms Handling of firearms firearms firearms

1 Firearms Directive 1 Czech Weapons Act 1 Act on Control Trade 1 Act on Trade in Military Materiel 2 Trade Licensing Act 2 Security Requirement 2 Control of Trade Regulation 2 Regulation on Trade in Regulation Military Materiel Firearms Authentication European Union 3 3 Implementation Decree 3 EU Export Regulation Act

THE U.S. MANUFACTURE, SALE AND PURCHASE OF FIREARMS ARE SUBJECT TO EXTENSIVE FEDERAL AND STATE REGULATION

National Arms Export International Export Gun Control Act Firearms Act of Control Act of Traffic in Arms Administration of 1968 1934 1976 Regulations Regulations

United States

Legislation of Czech Republic Commercial conduct governed and limited by strict controls and license requirements

5 ADHERENCE TO SAFETY POLICY OF EUROPEAN UNION AND CZECH REPUBLIC AND ETHICS CODE

Firearm or any defense equipment cannot be sold without:

Guarantee that product will not be resold 1 ✓ LICENSE TO TRADE DEFENCE MATERIEL(1) 2 END USER CERTIFICATE FROM ✓ Compliant in material aspects with relevant CLIENT ORDERING THE PRODUCT 3 regulatory framework and oversight EXPORT LICENSE ✓ Required systems in place

✓Competencies secured ✓Evaluate compliance with security policies ✓ Compliant in material aspects with security policy

✓ Statutory conditions for the maintenance of the registration

In case of firearms for military and law enforcement customers 5 Key partner to the CZECH ARMY CZECH ARMY

2009-2010 2016 2020-2025

CZECH ARMY – BREN(1) CZECH ARMY – FIREARMS(2) CZECH ARMY – FRAMEWORK CZG supplied products AGREEMENT(3) ◼ CZ BREN 2 ◼ Approx. 8,000 units of CZ 805 ◼ 2,600 units of CZ 805 BREN BREN rifles rifles including accessories ◼ Small arms to be supplied ◼ CZ BREN A1/A2 between 2020 and 2025 ◼ Approx. 600 units of CZ ◼ 5,500 units of CZ 75 SP-01 ◼ CZ Scorpion EVO 3 S1 SCORPION EVO Phantom pistols ◼ Over 21,000 units of CZ P-10 pistols ◼ CZ 75 SP-01 Phantom ◼ Approx. 5,600 units of CZ 75 ◼ Total contract value of ◼ CZ P-10 C PHANTOM approx. EUR 19m ◼ Over 16,000 units of CZ BREN 2 rifles ◼ Ammunition for JAS 39 GRIPEN ◼ Total contract value of approx. EUR 47m ◼ Total contract value of over EUR 90m

Source: Company 1 – http://www.natoaktual.cz/armada-nakoupi-dalsi-utocne-pusky-bren-dy0-/na_zpravy.aspx?c=A131203_113412_na_zpravy_m00 and http://www.army.cz/en/ministry-of-defence/newsroom/news/new-weapon-for- czech-soldiers:-cz-805-bren-a1-a2-51569/ 2 – https://www.e15.cz/domaci/ceska-zbrojovka-doda-armade-zbrane-za-pul-miliardy-1257982 3 – https://www.idnes.cz/zpravy/domaci/ministerstvo-obrany-obchod-zbrane-smlouva-ceska-zbrojovka-pusky-pistole-granatomety.A200421_121648_domaci_pmk; translated to EUR using CZK/EUR translation rate of 25.672 (2019 average) 6 Overview of Colt Holding Company LLC General overview Financial overview

• Colt Group manufactures firearms, and small Revenue and EBITDA arms weapon system for civilian, military and law 500 19.7% 0.3 enforcement customers 12.3% 10.1% 400 0.1 • Company's end customers encompass every 300 255 -0.1 191 200 major segment of the global firearms market 200 -0.3

100 50 -0.5 • US, Canada and international armed forces 24 20 • US, Canada and international law 0 -0.7 1 enforcement agencies 2018 2019 2020 • Consumer hunting, sporting, collector Revenue EBITDA EBITDA margin communities Revenue by segment 2020E 16% • The Company operates its manufacturing facilities in 53% 31% • West Hartford, Connecticut • Kitchener, Ontario Colt Canada - M&LE market US - civilian market

US - M&LE market *In USDm / %

Source: Colt Holding Company LLC Notes: 1 – Preliminary figures 6 Combined group at a glance Revenue1 CZG Net Debt 3 and Net leverage ratio USDm USDm Expected Net leverage ratio below 2.5x +89% 542 2.0x 300 2.0x 250 226 286 1.3x 1.2x 1.5x 255 200 Net debt 150 0.8x 1.0x 100 70 Net leverage ratio 56 43 0.5x 50 - 0.0x 2020E CZG 2020E Colt 2020E Total 2017 2018 2019 2020E Guidance post transaction EBITDA from continued operations1 CZG maturity profile of combined debt USDm USDm

+83% 112 182

61 50 102

0 0 0 0 0

2020E CZG 2020E Colt 2020E Total2 2021 2022 2023 2024 2025 2026 2027 Guidance

Notes: FX rate used USDCZK 22.00 1 – Based on 2020E consolidated financial result of Colt Holding Company LLC and CZG mid-point guidance 2 – Unadjusted for synergies 3 – Considering current CZUB bonds and new 2021 CZG bonds 6 Transaction rationale fully in line with CZG strategy

1 CZG goal to become the industry leader with a target of EUR 1 BN of revenues by end of 2025

2 CZG has an immediate need to expand its production presence in the United States, CZG needs a strong „second production leg“ next to its base in Uherský Brod, Czech Republic

3 Acquisition of COLT to bring significant operational, commercial and R&D synergies for the newly created Group

4 CZG ambition to strengthen its position in the M&LE segment globally, in North America, including US Federal Government Definitions

[]b billion [units] EPS Earnings per share

[]k thousand [units] EUR Euro

[]m million [units] Financial debt Long-term and short-term bank loans and borrowings and finance lease payables AEDC Arkansas Economic Development Commission FTE Full-time equivalent (number of employees) APAC Asia Pacific GIGN National Gendarmerie Intervention Group, an elite French police tactical unit Capex Capital expenditures IPSC International Practical Shooting Confederation CARDAM CARDAM s.r.o. M&LE Military and law enforcement CDPS Cash dividend per share MIM Metal injection molding COGS Cost of goods sold Net debt Financial debt less cash CZG, Company, Group CZG - Česká zbrojovka Group SE Net Income Profit for the period from continuing operations CZK Czech koruna Net Income margin Net Income divided by Revenues the sale of own products, goods, and services CZUB Česká zbrojovka a.s. OCF Net cash flow from operating activities CZ-USA CZ-USA Inc. R&D Research and development Dividend payout Dividends paid in period divided by net income of preceding financial year ROE Return on Equity, calculated as Net Profit of given financial year divided by EBIT Earnings before interest and tax (calculated as EBITDA from continued average from Equity attributable to the shareholders at the beginning and at operations less depreciation and amortization) the end of given period

EBIT margin EBIT divided by Revenues from the sale of own products, goods, and services RoW Rest of the world

EBITDA EBITDA from continued operations; calculated as profit for the period from SHE Safety, Health and Environmental continued operations plus income tax, interest expense and depreciation and amortization less interest income Underlying EBITDA from EBITDA from continued operations less other financial income plus other continued operations financial expenses EBITDA margin EBITDA from continued operations divided by Revenues from the sale of own products, goods, and services Underlying EBITDA margin Underlying EBITDA from continued operations divided by Revenues from the sale of own products, goods, and services EBT Profit before tax USD United States dollar EDA European Defence Agency