Viasat, Inc. · NASDAQ:VSAT
Viasat — Q3 2025 Earnings Presentation
18 slides from Viasat's earnings presentation, Feb 6, 2025
Slide 1: Q3 FY2025 Earnings Results
Q3 FY2025 Earnings Results February 6, 2025
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, sta
Slide 3: Viasat
Viasat 40+ years 76 Countries around Enduring value the world Continuing to serve customers Global team working closely with who rely on our services our customers and partners while innovating new generations of technology $4.3B 21 Operational FY24 Revenue satellites in space 7K+ 10 Greater capacit
Slide 4: Current and future satellite fleet
Current and future satellite fleet Satellites shown with service dates This diagram is for illustrative purposes only. All future service dates are projections and are subject to change. The locations of the satellites shown do not reflect the current actual locations. 4
Slide 5: Viasat satellite roadmap
Viasat satellite roadmap Classification goes here 5
Slide 6: Financial & Operational Highlights
Q3 FY2025 Financial & Operational Highlights Continuing to Win in Key Markets $1,218 $1,162 $1,275 $1,114 $1,078 › Aviation continued strong growth including increased aircraft in service and contracted backlog Awards › Defense & Advanced Technologies (DAT) growth across all businesses and ($Ms) lea
Slide 7: Financial Summary
Q3 FY2025 Financial Summary Q3 Q3 Inc/ ($ Millions) Comments FY2025 FY2024 (Dec) › Strong revenue growth of 20% YoY in Defense and Advanced Technologies Revenue $1,124 $1,129 ($5) segment offset by lower revenues in the Communications Services segment as Growth/(Decline) % fixed services and other (
Slide 8: ViaSat-3 F1 Delivering High Performance on Multiple Airlines
ViaSat-3 F1 Delivering High Performance on Multiple Airlines Wi-Fi at Great Speeds, Powered by Viasat 8
Slide 9: Financial Highlights – Communication Services
Q3 FY2025 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line ($Ms) › Strong growth in aviation awards was more $998 $864 $811 $765 $751 Service Revenue than offset by a significant new satellite services contract from the U
Slide 10: Financial Highlights – Defense and Advanced Technologies
Q3 FY2025 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance Awards ($Ms) $510 Revenue by Business Line › Backlog increases to $925 million, up 26% $351 $327 ($Ms) Product Revenue YoY with growth across the entire portfolio $220 $250 › Awards up 49%
Slide 11: FY2025 Financial Guidance Update
FY2025 | Financial Guidance Update Prior FY2025 Prior Guidance FY2025 Guidance Updated UpdatedFY2025 FY2025Guidance Guidance Better/Worse Better/Worse Total Revenue Flat to slightly up Flat to slightly up ($Ms) Prodct Revenue Communications (Low Single Digit) (Low Single Digit) Services Revenue Defe
Slide 12: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Millions) $Millions Q3FY24 Q1 FY24(1) Q3FY25 Q1 FY25(2) Cash and cash equivalents and short-term Awads ($Ms) Prodct Revenue 1,651 1,556 investments › Driven by tactical networking products, antenna systems and recurring IP licensing Revolving credit facility availability
Slide 13: Debt Maturity Profile
Debt Maturity Profile Debt Maturity Schedules as of December 31, 2024 ($ Billions) Debt Profile ($Ms) asProdct ofRevenue December 31, 2024 $3.5 $3.0 $2.5 $2.0 78% 80% $1.5 Fixed & Floating Secured with Hedge(2) $1.0 $0.5 $0.0 FY25 (2) FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fix
Slide 14: Supplemental
Supplemental Viasat”
Slide 15: New Segment Descriptions
New Segment Descriptions Communication Services Aviation Government Satcom Maritime Fixed Services & Other › In-flight connectivity, wireless in-flight › Offers highly trusted and secure › Solutions support vessel operation, › Connectivity solutions for fixed entertainment and safety services interc
Slide 16: Research and Development
Research and Development 5.1% 5.0% 4.6% 4.4% 4.3% 4.0% 3.7% 3.4% 3.9% 3.3% 3.0% 3.3% 3.1% $46 2.6% $42 2.4% $39 $37 $33 34 29 26 21 20 13 14 15 13 13 Q3 Q4 Q1 Q2 Q3 FY24 FY24 FY25 FY25 FY25 16
Slide 17: Thank you
Thank you 17
Slide 18: GAAP reconciliation
GAAP reconciliation This presentation includes non-GAAP financial measures such as Adjusted EBITDA and net debt to supplement Viasat’s consolidated financial statements presented on a GAAP basis. We believe these measures are appropriate to enhance an overall understanding of Viasat’s past financial