XTI Aerospace : Investor Presentation

XTI Aerospace, Inc.

The Future of Air Travel

NASDAQ: XTIA

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Disclaimer

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. You can find many (but not all) of these statements by looking for words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "would," "should," "could," "may," or other similar expressions in this report.

In particular, these include statements relating to future actions; prospective products, anticipated expenses, applications, customers and technologies; future performance or results of anticipated products; and projected expenses and financial results.

These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: the Company's history of losses; our ability to achieve or maintain profitability in the future; our limited operating history with the recent business combination with XTI Aircraft Company (the "XTI Merger"); our ability to meet the development and commercialization schedule with respect to the TriFan 600; the risk that XTI has not yet manufactured any non-prototype aircraft or delivered any aircraft to a customer, and XTI and its current and future collaborators may be unable to successfully develop and market XTI's aircraft or solutions, or may experience significant delays in doing so; XTI is subject to the uncertainties associated with the regulatory approvals of its aircraft including the certification by the Federal Aviation Administration, which is a lengthy and costly process, our ability to obtain adequate financing in the future as needed; emerging competition and rapidly advancing technology that may outpace our technology; customer demand for the products and services we develop; the impact of competitive or alternative products, technologies and pricing; our ability to develop other new products and technologies; our ability to navigate the regulatory environment and complexities with compliance related to such environment; our ability to attract customers and/or fulfill customer orders; our ability to enhance and maintain the reputation of our brand and expand its customer base; our ability to scale in a cost-effective manner and maintain and expand our manufacturing and supply chain relationships; general economic conditions and events and the impact they may have on us and our potential customers, including, but not limited to increases in inflation rates and rates of interest, supply chain challenges, cybersecurity attacks, our ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market; lawsuits and other claims by third parties or investigations by various regulatory agencies that we may be subjected to and are required to report; our ability to respond to a failure of our systems and technology to operate our business; our ability to protect our intellectual property; the outcome of any known and unknown litigation and regulatory proceedings; our success at managing the risks involved in the foregoing items; and other factors whether or not discussed in this presentation.

The forward-looking statements are based upon management's beliefs and assumptions and are made as of the date of this report. We undertake no obligation to publicly update or revise
any forward-looking statements included in this report. You should not place undue reliance on these forward-looking statements.
This presentation also contains or may contain estimates, projections and other information concerning our industry and our business, including data regarding the estimated size of our
markets and their projected growth rates. Information that is based on estimates, forecasts, projections or similar methodologies is inherently subject to uncertainties and actual events or
circumstances may differ materially from events and circumstances reflected in this information.
Unless otherwise expressly stated, we obtained these industry, business, market and other data from reports, studies and similar data prepared by third parties, industry and general	2
publications, government data and similar sources. In some cases, we do not expressly refer to the sources from which these data are derived.

XTI Aerospace Overview

1. • Closed transformational merger with Inpixon March 12, 2024
   • Nasdaq listed: XTIA
   • Developing a new category Vertical Lift Crossover Airplane (VLCA)
   • • Over 700 conditional pre-orders1 totaling over $7 billion in gross revenues2
     • Limited competition
     • Patents obtained
     • TAM $125B by 20303
     • Phased de-risked path to reducing emissions
   • Enterprise value of XTI Aircraft subsidiary ascertained by 3rd party to be within the range of $252 million and $343 million as of July 20234
   • Inpixon's RTLS business is now a division of XTI Aerospace
   • New board members and new management team
2. Conditional pre-orders refers to a combination of conditional aircraft purchase agreements, non-binding reservation deposit agreements, options and letters of intent from potential purchasers.
3. Based on XTI's current list price of $10 million per aircraft and assuming XTI is able to execute on the development program for the TriFan 600, secure FAA certification, and deliver the aircraft.
4. TAM estimated as an aggregate of business jets market: $30.1B in 2022, source: https://www.marketsandmarkets.com/Market-Reports/business-jet-market-33698426.html; helicopters market: $30.6B in 2022, source: https://www.marketsandmarkets.com/Market-Reports/helicopters-market-253467785.html; Emerging Urban Air Mobility (UAM) market: $50B by 2030, source: https://assets.verticalmag.com/wp-content/uploads/2021/05/Morgan-Stanley- URBAN_20210506_0000.pdf; Emerging Regional Air Mobility (RAM) market: $15B by 2030 (midpoint between low & high estimate), source: https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/short-haul-flying-redefined-the-

promise-of-regional-air-mobility#.	3	3
4. The enterprise value of XTI was ascertained by an independent financial advisory firm after comparison with certain public companies with similar business models to XTI in the air travel/VTOL segment of the aviation industry, with an average

enterprise value of approximately $1.6 billion.

New Leadership

Scott Pomeroy

Chairman & CEO of

XTI Aerospace, Inc.

Saleem Zaheer

Chief Commercial Officer of

XTI Aerospace, Inc.

Brooke Turk

CFO of XTI Aerospace, Inc.

Don C. Purdy

Senior Vice President,

Business and Program Development

XTI Aerospace, Inc.

Soumya Das

CEO of RTLS Business Division

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Plans to Enter Significant Agreement with AVX Aircraft; LOI signed

AVX Aircraft Company was founded with a vision of bringing advanced vertical lift solutions to the civil market. Highly experienced engineers and professionals have created innovative designs, that use modern technology, to deliver visionary performance in the vertical lift environment.

https://avxaircraft.com/

Collaboration Advantages:

• Experienced VTOL engineers to support the development, design, and certification of the TriFan 600
• Shorten the timeline to commercialization of the TriFan 600
• Significantly reduce development expenses of TriFan 600

Expected to enter a definitive

agreement in June, 2024

AVX VTOL Capabilities & Programs

In 2010, the company began applying its unique patented coaxial rotor design technology to the military marketplace, and refined and matured that technology as it competed in numerous U.S. military aircraft development programs. That was followed by the company expanding its Unmanned Air Vehicle designs and other engineering services for commercial and military applications under AVX's current ongoing series of contracts with the U.S. military.

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Play the video at:https://vimeo.com/674028999

The "Missing Link"

in Air Travel

Our "crossover" airplane will elegantly blend what we believe is the best of a business aircraft and a helicopter into one highly versatile airplane

Range

700 miles in pressurized comfort

Saves Time

Twice the speed of most conventional helicopters

Will Use Existing Infrastructure

No waiting for new regulations or construction

TriFan 600 aircraft under development. Estimated performance based on
XTI Aircraft analysis. Subject to change and FAA certification.	8

XTI TriFan 600 VLCA Performance1

VTOL Range

600 NM / 700 mi / 1100 km

Designed Cruise Speed

300 kts / 345 mph / 555 kph

Designed Cruise Altitude

25,000 ft

Certified IFR

Designed to fly into clouds & known icing

Designed to Operate from

• Helipads

	NO NEW INFRASTRUCTURE
			REQUIRED
Vancouver
Seattle	Helena
	Bismarck
Portland			Toronto
		Minneapolis
Boise	Casper				Detroit
			Vertiport	Pittsburgh
Sacramento			Omaha	Chicago
			DC
Salt Lake City
SFO	Denver
	Kansas	Louisville
Las Vegas			City		Charlotte
	Albuquerque		Ok City	Memphis	Atlanta
Los Angeles
Phoenix

VTOL Range

700 mi

Bangor

Boston

New York

•	Firm ground
•	Airports

VTOL Range

700 mi

Dallas		Jacksonville
	Houston New Orleans	Tampa
	Miami

1 TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification	9

XTI TriFan 600 VLCA: Versatile

Will serve existing and emerging markets

TriFan 600 anticipated will serve diverse markets

Minimal competition from a few companies with minimal public information available

	Emerging	Emerging
Existing business	Regional Air	Existing
Urban Air Mobility
aircraft market	Mobility (RAM)	helicopter market
market	(UAM) market
$30B1	$30B4
$50B3
$15B2

eVTOL aircraft will serve a limited market

Competition between hundreds of new companies

1. Business jets market: $30.1B in 2022, source: https://www.marketsandmarkets.com/Market-Reports/business-jet-market-33698426.html
2. Emerging Regional Air Mobility (RAM) market: $15B by 2030 (midpoint between low & high estimate), source: https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/short-haul-flying-redefined-the-promise-of-regional-air-mobility#
3. Emerging Urban Air Mobility (UAM) market: $50B by 2030, source: https://assets.verticalmag.com/wp-content/uploads/2021/05/Morgan-Stanley- URBAN_20210506_0000.pdf

4 Helicopters market: $30.6B in 2022, source: https://www.marketsandmarkets.com/Market-Reports/helicopters-market-253467785.html

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