Slide 1: First quarter 2023 investor update
First quarter 2023 investor update May 11, 2023
Slide 2: Today's presenters
today’s presenters STEVE ALTEMUS ERIK SALLEE CO-FOUNDER, PRESIDENT & CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER
Slide 3: Disclaimer and forward looking statements
disclaimer and forward looking statements This presentation (and oral statement made regarding the subjects of this presentation) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matte
Slide 4: Disclaimer and forward looking statements (trademarks, images)
disclaimer and forward looking statements Trademarks This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners and Intuitive Machines’ use thereof does not imply an affiliation with, or endorsement by, th
Slide 5: Agenda
agenda 1 company overview 2 First Quarter 2023 Highlights 3 Financial Results 4 Q&A 5 Upcoming Events & Conferences
Slide 6: Section 01: Company overview
SECTION O1 \\ COMPANY OVERVIEW
Slide 7: Company overview
EST. 2013 company overview Intuitive Machines is a diversified space company focused on space exploration. Intuitive Machines supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Lunar Access Services Orbital Services Lunar Data Servi
Slide 8: Section 02: First quarter 2023 highlights
section 02 FIRST QUARTER 2023 HIGHLIGHTS
Slide 9: Key Accomplishments: Lunar Access Services
Key Accomplishments: Lunar Access Services A Clear Signal: The Moon is of Strategic Importance IM-1 Directed to the Nova-C Structural Successful Full-Duration Commercial Contracts Moon’s South Pole Testing Complete Propellant Loading Software and Mission for Lunar Surface and Demonstration Operation
Slide 10: Key Accomplishments: Lunar Data Services
Key Accomplishments: Lunar data Services Commercializing Commercial Capability NASA NEAR SPACE NETWORK SERVICES SOLICITATION NASA LUNAR RECONNAISSANCE ARTEMIS I MISSION TRACKING ORBITER TRACKING VALIDATION FIRST QUARTER 2023 HIGHLIGHTS
Slide 11: Key Accomplishments: Orbital Services
Key Accomplishments: Orbital Services $719M Award to enter Orbital Servicing Market CONTRACT CEILING $719M OMES III CONTRACT AWARD INTUITIVE MACHINES IS THE MAJORITY PARTNER IN THE JOINT VENTURE WITH KBR* SATELLITE SERVICING ORBITAL DEBRIS REMOVAL SATELLITE REFUELING SATELLITE RESPOSITIONING *INTERE
Slide 12: Key Accomplishments: Space Products and Infrastructure
Key Accomplishments: Space Products and Infrastructure NASA Lunar Terrain Vehicle: moon racer team NASA LTV SOLICIATATION LUNAR FISSION SURFACE POWER Intuitive Machines intends to submit NASA JV led by Intuitive Machines LTV Soliciatation as prime contractor Mid-point design cycle submitted to Depar
Slide 13: New facility development
new facility development LUNAR PRODUCTION & OPERATIONS CENTER - 100,000+ sq ft facility - City of Houston & Houston Airport System financed the $40M project - Currently operating in new engine verification facility New Engine Verification Facility FIRST QUARTER 2023 HIGHLIGHTS
Slide 14: Section 03: Financial results
section 03 FINANCIAL RESULTS
Slide 15: Contracted backlog
contracted backlog $156.1M End of Q1 2023 Contracted Backlog* OMES III and Select Service Contracts not included $107.7M Expected to Convert in 2023 *CONTRACTED BACKLOG IS OUR TOTAL ESTIMATE OF THE REVENUE WE EXPECT TO REALIZE IN THE FUTURE AS A RESULT OF PERFORMING WORK ON AWARDED CONTRACTS, LESS T
Slide 16: First quarter 2023 revenue
First quarter 2023 Revenue $20 $18.2M in Q1 2023 $18.2M $18.5M $15 NASA Commercial Lunar $10 Payload Services Contracts Generated $12.3M of the $18.2M $5 $0 Q1 2023 Q1 2022 FINANCIAL RESULTS
Slide 17: Profitability: operating loss
profitability OPERATING LOSS Q1 2023 Q1 2022 $4.5M $2.8M Attributed to One-time Expenses f rom the Closing of our Transaction $14.0M FINANCIAL RESULTS
Slide 18: Cash
Cash $46.8M Q1 End Cash Balance Additional $13.6M from Warrants in April Well-capitalized Position to Execute on Business Plan FINANCIAL RESULTS
Slide 19: 2023 guidance
guidance 2023 Expected Revenue $174M $268M Expected Gross Margin 5% 18% Projected End of the Year Cash Balance ~$49M FINANCIAL RESULTS
Slide 20: Outstanding equity
Outstanding equity* CLASS A 14,771,804 CLASS B 10,556 CLASS C 68,140,188 *AS OF MARCH 31, 2023 FINANCIAL RESULTS
Slide 21: Section 04: Q&A
section 04
Slide 22: Section 05: Upcoming events & conferences
section 05 UPCOMING EVENTS & CONFERENCES
Slide 23: Upcoming events & conferences
upcoming events & conferences 2023 Cantor Tech Conference June 14-15 Roth MKM 9th Annual London Conference June 20-22 Jefferies Virtual Space Summit June 27th