Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (August 2021)
19 slides from Gilat Satellite Networks's investor presentation, Aug 11, 2021
Slide 1: Gilat Satellite Networks Investors Presentation August 2021
GILATSATELLITENETWORKS AUGUST 2021 Investors Presentation
Slide 2: Forward Looking Statements Disclaimer
FORWARD LOOKING STATEMENTS DISCLAIMER Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intend
Slide 3: A World Leader in Satellite Communications
A WORLD LEADER IN SATELLITE COMMUNICATIONS FIXED NETWORKS MOBILITYSOLUTIONS NGSO INNOVATIVE GROUND EQUIPMENT TECHNOLOGY 1987 Founded 5 R&D Centers 3 NOC Centers GILT NASDAQ /TASE 20 Sales Offices +800 Employees Cellular Backhaul 2G 3G 4G 5G Enterprise Telecom services Consumer Aero / IFC Maritime La
Slide 4: Leading Global Customer Base
LEADING GLOBAL CUSTOMER BASE SYSTEM INTEGRATORS 100+ COUNTRIES 900+ NETWORKS 300+ CUSTOMERS SATELLITE OPERATOR RTRS RTComm
Slide 5: Uniquely Positioned to Unlock Growth Opportunities
UNIQUELY POSITIONED TO UNLOCK GROWTH OPPORTUNITIES 1 Post COVID-19 IFC Rebound, Free WIFI Tailwind Long term IFC investment cycle 2 4G/5G Ubiquitous Connectivity Bridging the Digital Divide 5G Total Addressable Market expanding dramatically 3 NGSO Constellations - Abundance of Capacity Large capital
Slide 6: Long Term IFC Investment Cycle
LONG TERM IFC INVESTMENT CYCLE Transceivers Aero Antennas 400Mbps Modem Ground Equipment POST COVID-19 IFC REBOUND INCLUDES FREE WIFI TAILWIND Superior Passenger Experience ENABLING LARGE IFC GLOBAL NETWORK GLOBAL COVERAGE | > 30 SATELLITES | 18 TELEPORTS | 20 AIRLINES | GLOBAL NETWORK MANAGEMENT SY
Slide 7: Growth Opportunities Driven by Increase in Demand and Market Penetration
GROWTH OPPORTUNITIES DRIVEN BY INCREASE IN DEMAND AND MARKET PENETRATION 1 POST COVID-19 IFC REBOUND INCLUDES FREE WIFI TAILWIND LONG TERM IFC INVESTMENT CYCLE Expanding Fleets (2029) The Shift to Free WiFi ~ 7,100(2021) ~18,500(2029) COMMERCIAL AIRCRAFT(Ka/Ku) ~1,400(2020) ~7,700(2029) BUSINESS JET
Slide 8: 4G/5G Ubiquitous Connectivity Bridging the Digital Divide
4G/5G UBIQUITOUS CONNECTIVITY BRIDGING THE DIGITAL DIVIDE 5G TOTAL ADDRESSABLE MARKET EXPANDING DRAMATICALLY OF SATELLITE BACKHAUL 4G/LTE MARKET SHARE 2 GILAT CONTINUES TO LEAD IN SHIPMENTSWITH BIG WINS AND BUSINESS EXPANSIONS WORLDWIDE { NSR, 2021 } MANAGED SERVICESEnd-to-end service with recurring
Slide 9: 4G/5G Ubiquitous Connectivity: Making 5G a Reality
2 4G/5G UBIQUITOUS CONNECTIVITY BRIDGING THE DIGITAL DIVIDE 5G TOTAL ADDRESSABLE MARKET EXPANDING DRAMATICALLY HIGH SPEED Speeds >1Gbps Innovative Wideband Technology FLEXIBLE NETWORK ARCHITECTURE Satellite Ground Segment Integration Into 5G Eco-System Utilize SDN/NFV, Cloud, Edge Computing & Networ
Slide 10: NGSO Constellations - Abundance of Capacity
NGSO Constellations - Abundance of Capacity OneWeb~2.5 Tbps 650 Satellites Telesat~3-8 Tbps 192-300 Satellites SpaceX~10+ Tbps1584 -> 42,000 Satellites Amazon~10+Tbps 3263 Satellites HTS/VHTS ~50-500 Gbps SES/O3B~1-3 Tbps 22 Satellites MEO2,000-10,000 km~120msec GEO35,786 km~550msec LEO500-2,000 km~
Slide 11: NGSO Constellations: Gilat's Proven NGSO Technology
Gilat to provide ground segment for O3B mPower Potential of over $50 million to supply gateway solid state power amplifiers Successful demonstrations with Telesat's phase 1 LEO satellite LEO CUSTOMER GILAT'S PROVEN NGSO TECHNOLOGY 3 NGSO CONSTELLATIONS - ABUNDANCE OF CAPACITY LARGE CAPITAL SPENDING
Slide 12: Strong Tailwinds in Defense
STRONG TAILWINDS IN DEFENSE Transportable On-the-Move Military Aircraft On-the-Pause Unmanned Aerial Vehicle HIGH-BANDWIDTH REQUIRED IN BATTLEFIELD | EMERGING THREAT OF ELECTRONIC WARFARE 4 INCREASED FOCUS ON MILITARY SATCOM NETWORKS GOVERNMENT & MILITARY SATELLITE COMMUNICATIONSExpected Market Valu
Slide 13: Peru Terrestrial Networks: Investment Shifting to Harvest
Six regions awarded to Gilat (~$550M) ~$335M construction revenueFour regions passed government acceptance, 2 regions planned by 2023Revenue recognized by June 30, 2021 ~$281M ~$215M in operational revenue over ten yearsThree regions entered operations phase in 2019One region entered operations phas
Slide 14: Financial Indicators Highlights
FINANCIAL INDICATORS HIGHLIGHTS
Slide 15: Segment Commentary
SEGMENT COMMENTARY US$ MILLIONS FIXED NETWORKS 2020 was effected by the COVID19 pandemic2021 revenue to be significantly higher than 20202021 growth driven by Cellular Backhaul and Enterprise markets, as well as operations in Peru MOBILITY 2020 was heavily effected by the COVID19 pandemic2021 is a t
Slide 16: Q2 2021 Profit and Loss Highlights
Q2 2021 PROFIT AND LOSS HIGHLIGHTS US$ MILLIONS 1) GAAP excluding CMTL settlement – OPEX Q4/20 $15.3M, Q3/20 $12.1M; Operating loss Q4/20 $2.1M, Q3/20 $2.7M; Net loss Q4/20 $2.3M, Q3/20 $3.4M Revenue Gross Margin Operating Expenses / (Income)1 Operating Income / (Loss) 1 Net Income / (Loss) 1 Adj. E
Slide 17: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS US$ MILLIONS Cash1 DSO2 Debt Cash from (used in) operations3 Equity Q4/20 116 76 4.0 60.4 233.8 Q3/20 77.2 84 4.0 (7.1) 225.3 Q2/20 85.3 79 4.0 (6.6) 236.9 Q2/21 82.0 65 0.0 8.4 228.7 Q1/21 75.6 77 0.0 0.3 228.1 Cash includes Cash and cash equivalents, short-term deposits an
Slide 18: Summary: Uniquely Positioned to Unlock Growth Opportunities
NGSO/VHTS Opening New Markets Leading in Main Growth Areas – Cellular Backhaul (4G, 5G) &In-Flight Connectivity SUMMARY UNIQUELY POSITIONED TO UNLOCK GROWTH OPPORTUNITIES Investing in Product Leadershipand Innovation Focused on Profitable Growth Increased Focus on Military SATCOM Networks
Slide 19: Thank You
THANK YOU Gilat Satellite Networks | info@gilat.com | www.gilat.com
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