Viasat, Inc. · NASDAQ:VSAT
Viasat — Investor Presentation (October 2024)
25 slides from Viasat's investor presentation, Oct 17, 2024
Slide 1: Defense and Advanced Technologies Teach-In
DEFENSE AND ADVANCED TECHNOLOGIES TEACH-IN October 17, 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, sta
Slide 3: What You Will Hear Today
WHAT YOU WILL HEAR TODAY Viasat’s collective Defense & Advanced Viasat is redefining Government business Technologies (DAT) connectivity is a ~$1.8B* revenue enjoys a strong track record of in the defense sector high-quality, unique portfolio of technology innovation and its string scale comprised o
Slide 4: Viasat Government Overview
VIASAT GOVERNMENT OVERVIEW Viasat Capabilities and Competencies Key Growth Initiatives › INNOVATION TRACK RECORD – Consistently developing cutting-edge technologies Information Security, Cyber Hybrid Resilient Networking Defense & Tactical Networking › GROWING MARKETS – Defense focused on advanced c
Slide 5: Diverse, Unique Portfolio of High-Quality Assets
DIVERSE, UNIQUE PORTFOLIO OF HIGH-QUALITY ASSETS Defense and Advanced Technologies Customers Information Security & Cyber Defense US DoD Offers high-quality encryption products that Restricted Programs ensure data security, whether at rest or traveling 5 Eyes through a network Tactical Networking US
Slide 6: Significant Upside Potential from Untapped Demand in Large and Attractive Defense Markets
SIGNIFICANT UPSIDE POTENTIAL FROM UNTAPPED DEMAND IN LARGE AND ATTRACTIVE DEFENSE MARKETS Info Security & Space & Mission Systems Tactical Networking Advanced Tech & Other Cyber Defense $46bn2 $15bn3 $11bn1 Nascent4 TAM 2024 TAM 2033E TAM 2024 TAM 2033E TAM 2024 TAM 2033E TAM 2024 TAM 2033E Increase
Slide 7: Driving Growth by Meeting Needs in Multiple Verticals
DRIVING GROWTH BY MEETING NEEDS IN MULTIPLE VERTICALS Information Security & Tactical Networking Space & Mission Systems Advanced Tech & Other Cyber Defense Drivers Opportunities Drivers Opportunities Drivers Opportunities Drivers Opportunities › Increasing › AI-powered threat › Increasing demand ›
Slide 8: Strategic Initiatives Driving Enduring Value
STRATEGIC INITIATIVES DRIVING ENDURING VALUE Targeted investments to address growth potential in each business area DEFENSE & ADVANCED TECHNOLOGIES FOCUS AREAS Extensive cross-segment synergies with Communications Services Info Sec & Tactical Advanced Space & Mission Solutions Cyber Defense Networki
Slide 9: Case Study: Next Generation Encryption
CASE STUDY: NEXT GENERATION ENCRYPTION Market position enables Viasat to lead large government modernization programs The Challenge The Solution The Impact › Secure USG & partner Government classified › Modernized encryption applications across › Leader in high barrier to entry business data & netwo
Slide 10: Case Study: Tactical Edge Connectivity on the Move
CASE STUDY: TACTICAL EDGE CONNECTIVITY ON THE MOVE Delivering secure & resilient connectivity in both austere & adversarial environments The Challenge The Solution The Impact › Commercial connectivity experience › Footprint today of 130,000+ fielded systems › Advanced Battle Management System anywhe
Slide 11: Case Study: Resilient, Scalable Mobile Ad Hoc Networking
CASE STUDY: RESILIENT, SCALABLE MOBILE AD HOC NETWORKING TrellisWare has the only ecosystem with multiple offerings across the market The Challenge The Solution The Impact › Limited spectrum › TrellisWare’s unique TSM Waveform › Created the standard for U.S. tactical › Uniquely ultra-scalable to 80
Slide 12: Case Study: Specialized Space Payloads
CASE STUDY: SPECIALIZED SPACE PAYLOADS High assurance space communications and sensing The Challenge The Solution The Impact › High assurance communications & ad-hoc › Advanced phased arrays w/mm-wave small › Commercial Space Communications networking between satellites beams ensure resilience servi
Slide 13: Case Study: Scalable Ground Segment
CASE STUDY: SCALABLE GROUND SEGMENT Scaling Ground Segments to meet the Next Generation Satellite Constellations The Challenge The Solution The Impact › LEO Communications satellite constellation › Development of high production, highly reliable, › $60M Award customer needed a global ground station
Slide 14: Scalable Technological Advancements Driving Growth
SCALABLE TECHNOLOGICAL ADVANCEMENTS DRIVING GROWTH Accelerating Growth in the DAT Segment 1200 $1B+ 17% CAGR 1000 800 $M 600 400 200 0 FY22 FY23 FY24 DAT Revenues * ➢ InfoSec & Cyber Defense business revenue doubled ➢ DAT generated revenue over $1B in FY 2024 *Supple me nta l ad justed combined fina
Slide 15: Summary of Defense and Advanced Technologies
SUMMARY OF DEFENSE AND ADVANCED TECHNOLOGIES Leading global provider of defense and advanced technology solutions Diverse, unique portfolio of high-quality assets Secular drivers accelerating profitable growth, advancing portfolio expansion in US and internationally Substantial new market opportunit
Slide 16: Viasat DAT Teach-In Q&A Panel
VIASAT DAT TEACH-IN Q&A PANEL Susan David Kent Mike Metin Lisa Miller Schmolke Leka Maughan Bayram Curran President, Viasat Mission High Performance Space & Mission President / CEO VP, Investor Government Connections, Antenna Systems Systems Trellisware Relations and Encryption & Technologies Inc. M
Slide 17: Use of Non-GAAP Financial Information
USE OF NON-GAAP FINANCIAL INFORMATION To assist investors in evaluating Viasat’s historical and comparative financial performance relative to prior and future periods and to market trends, this presentation includes unaudited supplemental adjusted combined financial information and unaudited supplem
Slide 18: Glossary
GLOSSARY Viasat™*
Slide 19: Glossary
GLOSSARY › ABMS ⎼ Advanced Battle Management System › AESA ⎼ Active Electronically Scanned Array, a type of phased array antenna, which is a computer-controlled antenna array in which the beam of radio waves can be electronically steered to point in different directions without moving the antenna ›
Slide 20: Glossary
GLOSSARY › IDIQ ⎼ Indefinite Delivery, Indefinite Quantity, An indefinite-quantity contract provides for an indefinite quantity, within stated limits, of supplies or services during a fixed period › IoT ⎼ Internet of Things, a network of physical objects that are connected to the internet and can co
Slide 21: Glossary
GLOSSARY › SDA ⎼ The Space Development Agency is a United States Space Force direct-reporting unit tasked with deploying disruptive space technology › SDR ⎼ Software Defined Radio, uses software, instead of conventional hardware, to perform radio-signal processing functions › SDWAN ⎼ Software-Define
Slide 22: Supplemental Slides
SUPPLEMENTAL SLIDES Viasat
Slide 23: Viasat Addresses Large, Attractive, and Growing Markets
VIASAT ADDRESSES LARGE, ATTRACTIVE, AND GROWING MARKETS $630bn2 SPACE ECONOMY $2,400bn 1 AEROSPACE & DEFENSE INDUSTRY $1,800bn3 TELECOM Viasat already has a leading position in the government satcom market, but we are more than a satellite operator and can address a significantly larger revenue pool
Slide 24: Trusted Provider of Critical Space Payloads and Mission Systems
TRUSTED PROVIDER OF CRITICAL SPACE PAYLOADS AND MISSION SYSTEMS Uniquely positioned to shape and provide critical future space architecture solutions through the application of commercial services and differentiated space technologies 24
Slide 25: Industry Leading Platform for Encryption Solutions
INDUSTRY LEADING PLATFORM FOR ENCRYPTION SOLUTIONS Space Mission, TT&C, Transec, SIPE HAIPE, EDE, SIPE Solving secure connectivity challenges across mission critical ground, airborne, EDE-CIS maritime, space and enterprise Space GOEs Space Space Embedded Land Air Sea GROUND ENCRYPTION UAVs, Missile