You should have good air density in that temp. How hot did the batteries start at? One trick I used on the M1P is using the hot exhaust to heat the external batteries.I attempted a flight the other day with HS8000 but it was too cold(27°f). Flight started out good at 90% I was over 18000 feet out. Once I got out about 45K I could tell the cold was getting to the batteries and my power level was dropping faster than I like, so I turned around at 48K and managed to get back with 31%.
I can’t wait for so spring to get here.
With the M2s rear/side exhaust outlets it's a bit more work but you should be able to make that heat work for you. Extra battery insulation is also worthwhile, and preheating as hot as 60c goes a long way. Make sure to give plenty of time to heat all the way through the pack. Insulating the top and sides of the stock battery makes a measurable difference as well.
I make a single pack, wrap in a thin air tight layer and then insulate with closed call foam. Make sure there are zero air passages through wires or anywhere for heat to escape. Extra packing on the front side doubles as an aero device as well.