Slide 1: Earnings Call Presentation Q3 2014
Earnings Call Presentation Q3 2014 November 6, 2014
Slide 2: Safe Harbor Language
Safe Harbor Language This press release contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncer
Slide 3: Financial Results Summary
Financial Results Summary (2) Adjusted to exclude non-cash compensation expense, reduction in the value of assets, foreign exchange (gains)/losses, R&D costs associated with the development of new products and certain other one-time charges. See reconciliation to GAAP Net Income (loss) on Annex A. (
Slide 4: Q3 2014 Financial Performance
$5.2 $5.0 $6.2 $7.7 $4.0 $5.0 $6.0 $7.0 $8.0 Q3'11 Q3'12 Q3'13 Q3'14 $25.70 $27.21 $35.73 $40.18 $24.00 $29.00 $34.00 $39.00 $44.00 Q3'11 Q3'12 ' 3 ' 4 66,427 60,478 58,559 65,645 57,000 60,000 63,000 66,000 69,000 Q3'11 Q3'12 Q3'13 Q3'14 1,602 1,937 4,510 5,537 - 1,000 2,000 3,000 4,000 5,000 6,000
Slide 5: Liquidity Review and Balance Sheet Highlights
Liquidity Review and Balance Sheet Highlights $38.9 $40.9 $45.5 $47.5 $48.2 $51.7 $42.8 $42.5 $47.4 $53.5 $60.4 $62.2 $64.1 $66.1 $71.8 $71.8 $71.8 $47.0 $39.9 $29.8 $23.0 $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 2010 2011 2012 2013 Q1 2014 Q2 2014 Q3 2014 2011 5% Notes 2009 8% Notes Subordinated Loan
Slide 6: MSS Growth Initiatives
MSS Growth Initiatives Re-engaged dealer network & expanded into additional channels to augment distribution Established complementary reseller model offering – access to additional points of presence to fuel subscriber growth and market share improvement Rolled out pre-paid offering, expanded
Slide 7: Globalstar's Upgraded Ground Network
Globalstar’s Upgraded Ground Network 6 Globalstar’s upgraded ground network will allow for improved voice and data transfer speeds as well as the development of new products Key Vendors Scope of Work Benefit to Globalstar Ground Network ● Design, supply and implement the Radio Access Network (“RAN”)
Slide 8: ALAS – The only real next-generation, space-based air traffic management system
ALAS – The only real next-generation, space-based air traffic management system 7 Recent 7,000 Mile Flight Demonstrating Our Dual-Link Space-Based ADS-B System ● Full Duplex capability for sending flight information to and from aircraft in real-time ● Supports ADS-B in (FIS-B and TIS-B) applications
Slide 9: FCC's NPRM Regulatory Update
FCC’s NPRM Regulatory Update Globalstar’s NPRM Process Overview November 13, 2012 Globalstar Files Petition for Rulemaking January 20, 2013 Initial & Reply Comments Filed September 5, 2013 FCC Circulates NPRM Internally November 1, 2013 FCC Unanimously Votes For and Releases NPRM February 19, 2014 N
Slide 10: Key Value Drivers
Key Value Drivers Fully restored satellite network for core MSS operations with a new $1 billion constellation Diverse business lines across consumer, commercial and government markets Historically, focus has been on North America – beginning in 2014, operational focus has materially expanded
Slide 11: Annex A – Reconciliation of Quarterly Adjusted EBITDA
Annex A – Reconciliation of Quarterly Adjusted EBITDA 10 ($ in millions) Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Net Income (loss) ($6.5) ($14.1) ($0.7) ($33.7) ($24.5) ($27.5) ($41.2) ($19.0) ($25.1) ($126.3) ($205.0) (