Slide 1: Spire Global Q4 & Full Year 2022 Investor Update
Spire Global Q4 & Full Year 2022 Investor Update March 8, 2023
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD–LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future performan
Slide 3: The Space Company Focused on the Future of Planet Earth
The Space Company Focused on the Future of Planet EarthTM Providing global data, analytics and space services 3
Slide 4: Supported by Massive Global Trends Driving Demand
Supported by Massive Global Trends Driving Demand Climate Change Global Security Geopolitical events Global Economic Losses from Weather-related Disasters (2021 USD Billions) 21st Century Average: $301 billion Increasing sanctions >300% increase since Ukraine invasion Illegal, unreported, and unregu
Slide 5: Piracy results in $16 billion of annual economic loss
Piracy results in $16 billion of annual economic loss 5
Slide 6: Penetrating Massive Markets – Plenty of Opportunity Ahead
Penetrating Massive Markets – Plenty of Opportunity Ahead 150,000 to 200,000 potential customers Annual Recurring Revenue and Customer Evolution Data & Analytics $132.0 860 Customers ARR compounded annual growth rate: 109% 2022 net retention rate: 117% $99.4 733 Maritime Aviation Weather Customers $
Slide 7: Spire provides solutions within the $3.4 billion market
Spire provides solutions within the $3.4 billion inventory optimization, logistics, and visualization & reporting market 7
Slide 8: Riding Technology Curve
Riding Technology Curve Fully deployed constellation prudently replenished with more capable satellites • 160+ satellites launched over past ten years • 34 launches • 10 different launch providers • >500 years of space heritage • 3 launches in 2022 – 11 satellites deployed
Slide 9: Satellite-as-a-service deal quote, GHGSat CEO
“This is strictly a satellite-as-a-service deal.” –GHGSat CEO Stephane Germain Courtesy of SpaceQ 9
Slide 10: Enhancing our Technology
Enhancing our Technology Letting market demand lead the way • Unveiled 16U satellite bus – more power, volume, and data capabilities • Deployed optical satellite links – beginning to build out space network • Hyperspectral microwave sounder – enables higher level of moisture and temperature measurem
Slide 11: Quote from Stewart Bain, CEO, NorthStar
“Maintaining pace with the exponential increase in space activity demands immediate action from commercial innovators.” -Stewart Bain, CEO, NorthStar 11
Slide 12: Driving New and Existing Customer Growth
Driving New and Existing Customer Growth Revenue ($M) Annual Recurring Revenue ($M) ARR Net Retention Rate (%) 85 80.3 110 125% 99.4 75 100 85% 120% 117% 65 90 growth 41% 115% 55 growth 110% 43.4 80 70.8 45 110% 35 70 60 105% 25 15 50 100% 2021 2022 2021 2022 2021 2022 12
Slide 13: Methodical Progress Towards Profitability
Methodical Progress Towards Profitability 13
Slide 14: 2023 Guidance
2023 Guidance 2022 Results 2023 Guidance YoY Improvement Revenue (millions) $80.3 $104.0 - $109.0 +33% ARR (millions) $99.4 $129.0 - $135.0 +33% Non-GAAP Operating Loss ($44.5) ($34.0) - ($29.0) +$13.0M at mid-pt 1 (millions) Adjusted EBITDA (millions) ($32.6) ($19.0) - ($14.0) +16.1M at mid-pt 1 1
Slide 15: Thank you!
Thank you! From our team, to yours.
Slide 16: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation In addition to financial measures prepared in accordance with GAAP, this presentation contains non-GAAP financial measures, including free cash flow, non-GAAP operating loss, EBITDA, and Adjusted EBITDA. Spire’s management uses these non-GAAP financial measures intern