Planet Labs Pbc · NYSE:PL
Planet Labs Pbc — Q3 FY2022 Earnings Presentation
17 slides from Planet Labs Pbc's earnings presentation, December 2021
Slide 1: Fiscal 3Q’22 Update
Fiscal 3Q’22 Update December 2021
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available
Slide 3: Closed Business Combination with dMY Technology Group IV and Listed on NYSE
Closed Business Combination with dMY Technology Group IV and Listed on NYSE PL LISTED NYSE $590M+ Gross Proceeds $338M $252M SPAC Trust Upsized PIPE Less than 2% redemption from SPAC cash in trust
Slide 4: Our Mission: Using Space to Help Life on Earth
Our Mission: Using Space to Help Life on Earth Our Public Benefit Corporation (PBC) Purpose: To accelerate humanity toward a more sustainable, secure, and prosperous world, by illuminating environmental and social change. FIRES ON ATTICA, GREECEVOLCANO FAGRADALSFJALL • August 17, 2021 • Iceland • Mar
Slide 5: Planet is a One-to-Many Data Platform
Planet is a One-to-Many Data Platform Daily, Global Most Frequent Largest One-to-Many Scanning Cadence Fleet Model → Revolutionary → Up to 10 revisits/day1 → 10x competition → Uniquely Scalable Global Scale & Metrics ~200 ~2x 100% >25TB 742 2 Customers In Multiple Satellites in Orbit Earth Land Area
Slide 6: Planet is ‘the Bloomberg Terminal’ for Earth Data
Planet is ‘the Bloomberg Terminal’ for Earth Data 6
Slide 7: Planet is at the Center of Two Multi-Trillion Dollar Global Economic Shifts
Planet is at the Center of Two Multi-Trillion Dollar Global Economic Shifts $100 T $53 T Cumulative value Global ESG created by 20251 assets by 20252 DIGITAL SUSTAINABILITY TRANSFORMATION TRANSFORMATION Big Data & AI are unleashing a significant Planet can help countries measure their opportunity acr
Slide 8: Platform Data Accessibility & TAM
Planet is Making Earth Data Accessible INDICATORS Planet is building a platform GDP Carbon Estimates Sequestration Commodity Prices UN SDGs Insurance Risk Water Availability Population on top of our proprietary data, for partners and customers Platform Data Accessibility & TAM Asset Supply Crop Crop
Slide 9: Accelerating Planet’s Software Strategy
Accelerating Planet’s Software Strategy Acquisition of INDICATORS World-Class Remote Sensing INSIGHTS Data Science Team Top Tier Accounts in Agriculture PLANETARY VARIABLES and Insurance Verticals Delivers Geospatial Analytics & ANALYSIS READY Insights to Planet’s Platform DATA SENSOR DATA Note: Pla
Slide 10: Financials
Financials SNOW • Madrid, Spain • January 11, 2021
Slide 11: Strong Execution Sustained
Strong Execution Three Ways Planetand Sustained Drives Growth Sustainability Record Strong Customer Reiterated Fully Q3 Revenue Count Growth Full-Year Outlook Capitalized $31.7M +32% YoY ~$130M $590M+ Q3 FY2022A EoP Q3 FY 2022A For FY2022F Gross Proceeds from Business Combination Transaction 11 Note
Slide 12: Quarterly Revenue Growth Trend
Quarterly Revenue Growth Trend ($ in millions) YoY Growth % 15-22% 6% 16% 94% Recurring ACV from 41% 10% 19% Predictable Subscription 7% and Usage-Based Model1 19% Achieved Sales Pipeline Growth of +46% YoY for Third Quarter of FY22 Notes: Planet has a Fiscal Year (FY) ending January 31. Approximate
Slide 13: Net Dollar Retention Rate
Net Dollar Retention Rate Measuring Product Adoption and Long-Term Customer Retention +110% Expected FY2022 NDRR incl. Winbacks Winback: a customer who was inactive at the start of the fiscal year, but reactivated during the same fiscal year period. Reactivation period must be within 24 months from th
Slide 14: Gross Margins Expanding with Scale
Gross Margins Expanding with Scale 43 Percentage Point Non-GAAP Gross Margin1 Expansion Key Expansion Drivers ➔ Continued Revenue Growth ➔ Highly Scalable Data Subscription Model ➔ Extended Useful Life of Satellites; Efficient Agile Aerospace Engineering Data subscription business has very low cost t
Slide 15: Key Areas of Investment
Key Areas of Investment Sales & Marketing Software Engineering To Scale in Established Verticals Such as To Expand Analytics Capabilities and Make Agriculture, Defense & Intelligence, Civil Data Easier to Use and Consume Government & Mapping To Expand in New Vertical Markets Such as To Proliferate P
Slide 16: Slide 16
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions) Non-GAAP Gross Margin % FY20A FY21A YTD Q3 FY22A GAAP Gross Profit $ (7) $ 26 $34 (+) Stock-Based Compensation1 1 1 1 Non-GAAP Gross Profit $ (6) $ 27 $ 35 GAAP Gross Margin % (7%) 23% 36% Non-GAAP Gross Margin % (6%) 24% 37% Note: Planet h