Iridium Communications Inc · NASDAQ:IRDM
Iridium Communications — Investor Presentation (June 2010)
10 slides from Iridium Communications's investor presentation, Jun 2, 2010
Slide 1: Comprehensive Plan for Iridium's Next-Generation Constellation
Exhibit 99.2 Iridium Comprehensive June 2, 2010 Communications Plan for Iridium’s Inc. Next-Generation Constellation
Slide 2: Safe Harbor Disclaimer
Safebe Disclaimer This “Securities currently Forward-looking NEXT can trends differ uncertainties deployment, economic statements Commission prove Readers forward-looking 2 Harbor presentation materially incorrect, or identified financing, are prospects. available conditions, include Act”), cautione
Slide 3: Today's Announcement
3 Today’s $2.1B(1) First Coface, Iridium Coface 1) Computed launch guarantee announces signs expects France’s Announcement contract scheduled at agreement aattractive export Euro is for comprehensive not 81during toconditional credit satellites with USD and Thales Q1 flexible agency exchange 2015 pl
Slide 4: Our Company
4 OurIncludes Satellite The Unique, 66 ~359,000 Anchor Complements Less Key Low 1) satellite only Company Markets: and thanU.S. resilient voice high provider billable 10% Low direct DoD maritime, speed terrestrial and ofEarth mesh the and subscribers offering customer—23% data data earth’s indirect
Slide 5: Iridium NEXT Contract and Costs
5 ground We Iridium 66 6 (1) 9 operational have Contract Total Scale Final in-orbit NEXT costsigned costs ofComputed Iridium is spares for willsatellites Costs build “Fixedspare aavailable contract at to Iridium beNEXT asatellites locked Price”include toto NEXT Euro (Authorization replace project as
Slide 6: Benefits of TAS Contract and Coface Financing
6 Benefits Provides TAS Coface Contract experience to agreement support use of cost forThales a best consortium will provides ensures ininto Alenia LEO class be locked opportunity satellites for of development Space suppliers attractive into asand our fixed for from commercial and throughout NEXT U.
Slide 7: Iridium NEXT Features and TAS Selection
Iridium 7 TAS Initial Current Fully Iridium Doubles Supports Capable Designed Will maintain tocompatible offers launch develop NEXT fleet of current higher tosupporting the host expected scheduled Iridium’s best Prime features: and data Iridium secondary with comprehensive manufacture speeds Selecti
Slide 8: Transition from Current Constellation to Iridium NEXT
Transition 8 All Space Iridium As System vs. Ground For can Existing New Iridium current Iridium be Iridium subscriber segment performed control NEXT segment subscriber from constellation NEXT segments NEXT, satellite will segment devices Current (gateways, from SVs segment functional operate (space
Slide 9: Iridium NEXT Funding Plan
Iridium 9 Substantial Iridium Warrant Remaining Internally Need Generated Long Operational Cash Debt Proposed 1) 2) There Based Facility Flow Term Backed NEXT Proceeds are on $1.8B $1.8B portion $2.9B currently Financing Funding debt Coface- (2) total offacility capex outstanding estimated Plan Stra
Slide 10: Timetable and Syndication
Timetable 10 Syndication In Estimated Renewable ATP Keeps Will 1) 1the Approximately provide expenses interim, Iridium payments for for underway an Closing incurred Iridium on anupdate track additional 60% ofprovided now; to $53M(1) will forof financing first be payments we 3 month eligible launch e
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