Slide 1: Second Quarter 2010 - Earnings Call Investor Presentation
Exhibit 99.2 Globalstar Second Quarter 2010 - Earnings Call Investor Presentation August 5, 2010
Slide 2: Safe Harbor Language
Safe Harbor Language ‘This press release 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 subject to risks and un
Slide 3: Introduction
Introduction Conference Call 1. Introduction 2. Key Quarterly Highlights — Peter Dalton (Chief Executive Officer) 3. Current and Second-generation Constellation Update — Tony Navarra (President, Global Operations) 4. Quarterly Finance Review — Fuad Ahmad — Sr. Vice President and Chief Financial Offi
Slide 4: Second Quarter Highlights
Second Quarter Highlights During Q2-2010 Globalstar recorded the GPS Messenger activ: Thanks to the success of the enhanced SPOT Satellite GPS Gibaisar Subscbers Messenger, Globalstar — activated 17,449 SPOT units seo000 4 during the quarter. zoos Z Geb ‘ss0000 47 The Company completed the period on
Slide 5: SPOT Satellite GPS Messenger
SPOT Satellite GPS Messenger Highlight Globalstar SPOT Satellite GPS Messenger Surpass Quarter Million U: Throughout the quarter Globalstar further established its retail consumer market presence with the shipping of the new SPOT Satellite GPS Messenger™ As of today Globalstar has received orders fo
Slide 6: Globalstar — The World's First MSS Consumer Products Company
Globalstar — The World’s First MSS Consumer Products Company SPOT™ Satellite GPS Messenger - SPOT 2.0 Commercial Availability Commercial Avaitabilit ‘SPOT HUG SPOT Delorme Satellit GPS Communicator ‘Commercial Availability SPOT Assist - Roadsid} and Maritime Service: Commercial Availabilit Future SP
Slide 7: Second Quarter Highlights
Second Quarter Highlights Globalstar Asia Pacific— Korean Gateway Operator and Service Provider Globalstar completed its joint venture ae * agreement with Korean-based maritime Globalstar satellite services provider Arion Communications Co., Ltd. € rion Globalstar Asia Pacific is now operating the G
Slide 8: Post Quarter Highlights
Post Quarter Highlights Globalstar relocation to Covington, LA lowers operating costs and ma: Ss recent acqi ion of Covington based Axonn - Globalstar expects to take advantage of the State’s reimbursement of relocation costs plus a commercial lease subsidy for its new corporate headquarters and fut
Slide 9: Second Generation Satellite Constellation Update
Second Generation Satellite Constellation Update ThalesAlenia _ =Space Service & Solutions 7 \ Globalstar
Slide 10: First Generation Satellite Constellation Status
First Generation Satellite Constellation Status Current constellation continues to perform as expected Simplex data and SPOT Satellite GPS Messenger performance not affected by satellite S-band degradation issue The on-going repositioning of the first-generation constellation continues as We prepare
Slide 11: Second Generation Satellites - IMPORTANT UPDATE
Second Generation Satellites - IMPORTANT UPDATE ThalesAlenia ‘Space 10
Slide 12: Globalstar Satellite Partnership
Globalstar Satellite Partnership 2 al BNP PARIBAS | ‘#birqve cinmonc qi change ThalesAlenia Space SOCIETE GENERALE ‘Corporate & Investment Banking ariaflepace Service & Solutions @¢ CREDIT AGRICOLE WNATIXIS ERICSSON Z| }. Connect to the future’ 4
Slide 13: Second Generation Satellites - IMPORTANT UPDATE
Second Generation Satellites - IMPORTANT UPDATE jet OF be i peuin bits yyeele halesAlenia ee Space 2
Slide 14: Second Generation Satellites
Second Generation Satellites + Globalstar will conduct four launches of six satellites each using the highly reliable Soyuz launch vehicle + Soyuz has been used for eight previous successful Globalstar launches + 90-Day launch window opened on July Sth + Launch of first six satellites is expected in
Slide 15: ariafl@dpace aN ThalesAlenia
. F ariafl@dpace aN ThalesAlenia = ‘Space Service & Solutions Globalstar .
Slide 16: Q2-2010 Finance Review
Q2-2010 Finance Review
Slide 17: Fully Funded Business Plan
Fully Funded Business Plan (Sin Millions) Liquidity as of 6/30/2010 $ 258 2nd Generation Constellation CapEx Thales Alenia Space / $ 65 Arianespace $ 27 Ground Segment /2 $ 28 Launch Insurance $ 39 3 169 Remaining Liquidity 5 99 / Payments to Thales related to the construction of first 24 Satellites
Slide 18: Quarterly Financial Summary
Quarterly Financial Summary Revenue Operating Expenses Operating income/(Loss) Other income/(Expense) Net income/(Loss) ITDA Adjustments to EBITDA Adjusted EBITDA Adjusted EBITDA Marcin Gross Profit Gross Profit Margin (Sin Thousands) Three Months Ended. 1. Please see Appendix A to this presentation
Slide 19: Aggressive Cost Management Continues to Yield Near Breakeven Results
Aggressive Cost Management Continues to Yield Near Breakeven Results (Sin Thousands) $80,000 sang 25000 | 2457 $24,353 $10,038 $20,000 : Adjusted EBITDA 5.00) ned sas | sirata roe) is $1732 15,000 15879 $19, aes S15716 s $1557 $10,000 $5,000 Py 1-08 208 03-08 94.08 1-09 2.09 03.09 4.03 arto esi Reve
Slide 20: Low Retail Monthly Churn Coupled With Stable ARPU
Low Retail Monthly Churn Coupled With Stable ARPU Low Monthly Retail Churn 1.5% 4.0% 05% eee mea nome meen 2 acorn Stable ARPU $40.00 $35.00 $30.00 $25.00 s2000 51500 $10.00 $5.00 $0.00 isso | 0109 0299 399 a409 arto 240 DRetail DIGO OSimplex 19
Slide 21: Demonstrated Subscriber Growth
Demonstrated Subscriber Growth 450,000 YOY Growth 11% ia Se 400,000, 3e2313 375,000 71.489. 355,870 360,000 325,000 279,988 300,000 275,000 jeoa7s || 19879 206z2 |_| 218,897 saat 136,14 455,196 pes 51% 54% 56% 260,000 +} st.a13 4% = a os) 225,000 200,000 175,000 150,000, 125,000 + 100,000, 75,000 0,
Slide 22: Closing Remarks
Closing Remarks
Slide 23: Summary - Satellite Spectrum Holdings
Summary - Satellite Spectrum Holdings Globalstar has more than 25 MHz of global satellite spectrum and more than 19 VIHz of ATC spectrum authority With new wireless products and services being introduced on a regular basis and increased demands for wireless broadband, we are seeing a heightened awar
Slide 24: Summary - FCC NPRM and NOI
Summary - FCC NPRM and NOI In July the Federal Communications Commission (HCC) initiated proceedings to make wireless spectrum available for mobile broadband using mobile satellite services (MISS) spectrum On July 15th the FCC announced it was taking steps, “to make additional spectrum ayailable for
Slide 25: Summary — Globalstar Value Drivers
Summary — Globalstar Value Drivers 1. MSS Core Business Approx 50% EBITDA ‘Margin at $200m-$250m of recurring revenue generating $100m-$125m of annualized EBITDA 2006 30% EBITDA with \ $140m in revenue 2. Consumer Retail Business — New GPS products and services, secured IP and supply @ chain, and re
Slide 26: Globalstar
Globalstar’ www.globalstar.com www.findmespot.com For additional investor information please contact Dean Hirasawa - Director, Public and Investor Relations (408) 933-4006 dean. hirasawa@globalstar.com
Slide 27: Appendix A
Appendix A Definition of Terms and Reconciliation of Non-GAAP Financial Measures We utiize certain financial measures that are widely used in the telecommunications industry and are not calculated based on GAAP. & reconciliation of ‘these measures to GAAP and a discussion of certain other operating
Slide 28: Appendix A (continued)
Appendix A (continued) i) @) EBITDA represents earings before interest, income taxes, depreciation, amortization and derivative gainsi(losses). EBITDA does not represent and should not be considered as an alternative to GAAP measurements, such as net income, and the Company's calculations thereof ma