Slide 1: Spire Global Q3 2023 Investor Update
Spire Global Q3 2023 Investor Update November 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: Business Update
Business Update Execution on track for near Environment supportive of term profitability Spire’s solutions Strong Q3 2023 results Robust aviation travel demand > Highest dollar revenue – 34% YoY growth > Global travel approaching 2019 levels > Lowest GAAP operating loss – 33% YoY improvement > Impro
Slide 5: Increasing ocean temperatures are causing storms to rapidly intensify
Increasing ocean temperatures are causing storms to rapidly intensify at a higher rate; there was a 36% increase in storm rapid intensification in 2001-2021 compared to 1980-2000. 5 Source: https://coast.noaa.gov/states/fast-facts/hurricane-costs.html#:~:text=Of%20the%20363%20billion%2Ddollar,of%20d
Slide 6: Sustainable Growth, Driven by Diverse Solutions
Sustainable Growth, Driven by Diverse Solutions Revenue ($M) Annual Recurring Revenue ($M) ARR Solution Customers 30.0 105.0 900 27.3 103.1 827 25.0 34% 800 5% 15% growth 100.0 growth 717 20.4 98.1 growth 20.0 700 15.0 95.0 600 Q3'22 Q3'23 Q3'22 Q3'23 Q3'22 Q3'23
Slide 7: Billion-dollar weather disasters since 1980 and hurricane damage
Of the 363 billion-dollar weather disasters since 1980, tropical cyclones or hurricanes have caused the most damage: over $1.3 trillion total, with an average cost of $22.8 billion per event. 7 Source: NOAA
Slide 8: Leveraged Cost Structure Driving Towards Profitability
Leveraged Cost Structure Driving Towards Profitability GAAP Operating Loss Non-GAAP Operating Loss Adjusted EBITDA 1 1 ($M) ($M) ($M) 0.0 0.0 0.0 Q3'22 Q3'23 Q3'22 Q3'23 Q3'22 Q3'23 (5.0) (5.0) (5.0) (3.4) (10.0) (11.0) (6.2) (15.0) (10.0) (10.0) (16.4) (8.3) (20.0) (11.4) 33% 45% 60% (25.0) (15.0)
Slide 9: AI-powered solutions revolutionize voyage planning and optimization
AI-powered solutions revolutionize voyage planning and optimization, enhancing efficiency, fuel savings, and profitability.
Slide 10: Expanding Subscription Business with Attractive Margin Structure
Expanding Subscription Business with Attractive Margin Structure 1 Non-GAAP financial measure, please see reconciliation tables at the end of this presentation for reconciliation to the most directly comparable GAAP measure Dashed lines represent mid-point of Q4 2023 guidance as provided on slides 1
Slide 11: Weather futures and options open interest on the CME
Average open interest in weather future and options contracts on the Chicago Mercantile Exchange jumped to over 200,000 in August, up from less than 50,000 at the end of 2022. Source: https://www.reuters.com/markets/global-markets-weather-derivatives-analysis-pix-2023-10-11/
Slide 12: 2023 Guidance – Improving Revenue & Earnings Guidance
2023 Guidance – Improving Revenue & Earnings Guidance Full Year Change Q4 2023 Guidance 2023 Guidance from Prior Guidance Revenue (millions) $27.0 - $31.0 $105.0 - $109.0 +$0.5 mid-point ARR (millions) $125.0 - $135.0 $125.0 - $135.0 -$2.0 mid-point ARR Solution Customers 800 – 830 800 – 830 -50 mid
Slide 13: Thank you!
Thank you! From our team, to yours.
Slide 14: 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, non-GAAP operating margin, non-GAAP gross margin, non-GAAP loss per share, EBITDA, Adjusted E