Slide 1: Full Year 2010 Earnings Call Presentation
Slide 2: Safe Harbor Language
Globalstar Introduction Safe Harbor Language This presentation 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 sub
Slide 3: 2010 Company Strategic Initiatives
2010 Company Strategic Initiatives Innovation helped drive market development, revenue generation and led to decreased operating costs * Innovation - Company continued to develop innovative and award-winning mobile satellite SPOT products for retail and commercial customers + New Market Development
Slide 4: Globalstar Key Value Drivers
Globalstar Key Value Drivers Substantial progress was made in launch of the new constellation and development of retail customer segment Second-Gen Satellite Deployment Is Now Underway with the next launch of six new satellites scheduled for May Core Voice and Data Products and Services - The leadin
Slide 5: 2010 Highlights
2010 Highlights Second-generation constellation deployment begins + First launch was successfully conducted on October 19, 2010 * Funded by $738m financing which featured a low cost COFACE-backed credit facility + Globalstar orbited six new second-generation constellation satellites using Arianespac
Slide 6: 2010 Highlights
2010 Highlights Continued transition into the only mass market MSS consumer retail products company + SPOT Satellite GPS Messenger™ - New enhanced device shipped in late first quarter of 2010 - Can send pre-assigned messages to friends, family, co-workers or in case of an emergency, an emergency res
Slide 7: Post 2010 Highlight - SPOT Connect
Post 2010 Highlight - SPOT Connect™ Continued commitment to innovation and new consumer market development + Globalstar further solidified its unique role as the leading innovator of award-winning MSS retail consumer products by releasing SPOT Connect - Introduced at the 2011 CES tradeshow in Las Ve
Slide 8: 2010 Highlights
2010 Highlights Revenue and subscriber growth with SPOT consumer products Thanks to the success of the enhanced SPOT Satellite GPS Messenger consumer product, Globalstar increased both revenue and total subscribers during 2010 Globalstar Revenue (in $millions) 100 Globalstar Revenue 40 {in Smillions
Slide 9: 2010 Highlights
2010 Highlights Relocation to Covington, Louisiana . Move maximizes the benefits of our recent acquisition of Covington-based satellite asset tracking and consumer messaging products manufacturer Axonn . Globalstar now incurring lower operating costs including an expected 20-25 percent decrease in 2
Slide 10: FCC initiated proceedings on MSS spectrum for mobile broadband
In July 2010 the Federal Communications Commission (FCC) initiated proceedings to make additional wireless spectrum in the United States available for mobile broadband networks using mobile satellite services (MSS) spectrum FeDenaL ]S ountiacarions COMMISSION Globalstar has filed extensive comments
Slide 11: Spectrum and Regulatory Update
Spectrum and Regulatory Update MSS spectrum and wireless broadband initiatives * Globalstar continues to participate in the ongoing proceedings regarding its ancillary terrestrial component (ATC) authority and ATC. gating requirements * The International Bureau of the Federal Communications Commissi
Slide 12: Space Segment - Constellation Deployment Begins
Space Segment - Constellation Deployment Begins Globalstar launches satellites + First launch was successfully conducted on October 19, 2010 + Globalstar orbited six new second-generation constellation satellites using Arianespace’s highly reliable Soyuz launch vehicle + Globalstar commenced extensi
Slide 13: Space Segment - Second-Generation Constellation
Space Segment - Second-Generation Constellation Globalstar 2 Satellites + The new second-generation satellites have a design life of 15 years + They are fully compatible with Globalstar’s current mobile satellite voice and data products including the lineup of SPOT consumer products * Once the satel
Slide 14: Space Segment - Second Launch
Space Segment - Second Launch Scheduled for mid May 2011 + Second batch of six new satellites was delivered by Thales Alenia Space earlier this month + All six have been transported to the Baikonur Cosmodrome for final pre-launch preparation and testing + The satellites will be attached to the dispe
Slide 15: Finance Review: Annual Revenue Summary
Finance Review 2008 - 2010 Annual Revenue Summary $100,000 $86,055, $80,000 $67,941 $60,000 (Sin 005) $40,000 $20,000 sot 2009 Other © Simplex Ml Duplex ™ SPOT + Globalstar believes 2010 represented a strategic, operating and financial inflection point for the Company “+ First annual revenue growth
Slide 16: Finance Review: Annual Operating Expenses Summary
Finance Review 2008 - 2010 Annual Operating Expenses Summary $120,000 $98,483, Sonnon $85.414 $80,000 s49.210 (Sin 000s) $60,000 $40,000 $20,000 $0 2008 2009 2010 MCost of Services Marketing, General and Administrative “Globalstar continues to improve its cost structure even in a revenue growth envi
Slide 17: Income Statement Review
Income Statement Review 2008 - 2010 Annual Financial Summary (Sin 0005) Year Ended ‘Decembersi,__ December31, | December 31, Revenue 2008 2009 2010 Service Revenue $ sos $= 50.937 Equipment Revenue 14051 17.904 Total Revenue 3 64279 «STS Operating Expenses Cost of Services $3732 $3620 $A Cost of Sub
Slide 18: Finance Review: Liquidity
Finance Review Liquidity (S in millions) Liquidity 2010 Ending Cash Balance $ 33 COFACE Availability 27 Contingent Equity 60 Total $ 120 Ist 24 Satellites Capital Expenditures Thales Alenia - Second Generation Satellites $ 28 Thales Alenia - Satellite Operations Control Center 1 Arianespace Launch S
Slide 19: Finance Review: Principal Opportunities and Initiatives
Finance Review Principal Opportunities and Initiatives 2010 represented a milestone year for Globalstar financially and operationally including the first year over year revenue growth since 2006, continued reduction of operating expenses, the rélocation of the Company’s headquarters to Covington, LA
Slide 20: Summary
Summary 2010-11 strategic Initiatives Innovation - New MSS products and services New Market Development - MSS consumer retail marketplace Increased Revenues - SPOT Satellite GPS Messenger Decreased Costs - Lower operating costs with relocation to Louisiana r" Globals' y
Slide 21: Globalstar
Globalstar*