Slide 1: Q3 2022 Investor Update
Q3s COLA INVESTOR UPDATE November 09, 2022 ROCKETLAB
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORVWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securitie
Slide 3: Today's Presenters
TODAY'S PRE — IN Peter Beck Founder, Chief Executive Officer, Chiet Engineer Adam Spice ” Chief Financial Officer
Slide 4: Agenda
AGENDA | Introduction = Key Accomplishments = Financial Highlights and Outlook - Q&A = Upcoming Conferences and Events
Slide 5: Section
SECTION
Slide 6: Key Accomplishments Q3 2022
KEY ACCOMPLISHMENTS Q3 2022 ® OY ® ® ®@ Launched 3 successful Electron missions for USG national security customer and commercial constellation operator. Signed largest order of satellite separation systems in company history, totalling $14m. Matched annual launch record in Q3, surpassed it in early
Slide 7: Three Successful Launches in Q3
Key Accomplishment: THREE SUCCESSFUL LAUNCHES IN Q3 Extended significant leader advantage in small launch with increased Electron launch cadence. Successful missions for repeat customers, the National Reconnaissance Office & Synspective. Major mission milestones achieved in Q3: + 30¢ Electron launch
Slide 8: Successful Hot Fire of a Pre-Flown Rutherford Engine
SUCCESSFUL HOT FIRE OF A PRE-FLOWN RUTHERFORD ENGINE Refurbished first stage Rutherford engine all from previous recovery mission successfully test fired for the first time. 200 seconds of engine fire and multiple eee) e P } restarts, with refurbished engine performing to same standard of a newly-bu
Slide 9: Rocket Lab Responsive Space Program
Additional Accomplis ROCKET LAB RESPONSIVE SPACE PROGRAM The leader in responsive launch. ROCKET LAB ns a + aM \ Satellites fail through accidental and deliberate actions. RESPONSIVE SPACE The ability to rapidly replace or establish new assets on orbit is crucial for government and commercial operat
Slide 10: Neutron
RS NEUTRON
Slide 11: Neutron Engine Test Site Selected
Key Accomplishments Q3 2022 NEUTRON ENGINE TEST SITE SELECTED 1 million square foot area and exclusive use of fore) NASA infrastructure to test and develop Archimedes engine. Pursuing capital investment from Mississippi Development Authority to further develop facilities and infrastructure for Archi
Slide 12: Archimedes Engine Progress
ARCHIMEDES ENGINE PROGRESS fete) 3D-printed Archimedes components produced ro) in Q3, 2022 as engine development tightens. $ Oxidizer-rich closed engine cycle for i Archimedes optimized for reliability and reuse. On schedule for the first test of Archimedes engine components in 2023.
Slide 13: Molds Complete, Hardware in Production
13 Key Accomplishments Q3 2022 MOLDS COMPLETE, HARDWARE IN PRODUCTION Full-scale prototype hardware being oO developed, including Archimedes engine and Neutron tank structures. With long-lead time production tooling malt completed, vehicle design is locked in and parts can be made quickly to speed u
Slide 14: Rocket-Building Robots
Key Accomplishments Q3 2022 ROCKET-BUILDING ROBOTS Automated fiber placement of Neutron’s advanced one) composite material is optimized for performance, speed, and cost. Advanced composite manufacturing alll technique: used to fabricate complex, lightweight vehicle structures with superior strength
Slide 15: Neutron Factory
Key Accomplishments Q3 2022 NEUTRON FACTORY Concrete poured in Wallops Island, Virginia. First production facility built at Neutron Production Complex within six months of ground-breaking. Neutron Production Complex serves as a development site for tank testing, enabling rapid build and test iterati
Slide 16: Space Systems
SPACE SYSTEMS
Slide 17: Awarded our largest order ever for satellite separation systems
Slide 18: Major Contract for Next-Gen DoD Satellites
Key Accomplishments Q3 2022 MAJOR CONTRACT FOR NEXT-GEN DOD SATELLITES Rocket Lab to provide Motorized Lightbands an to Lockheed Martin & one other undisclosed aS) customer for U.S. Department of Defense’s next- gen Tranche 1 Tracking Layer (TITL) constellation. ° Award represents two-thirds of DV s
Slide 19: Supplying Power to U.S. Global Missile Warning Satellites
Key Accomplishments Q3 2022, SUPPLYING POVWER TO U.S, GLOBAL MISSILE WARNING SATELLITES Q Awarded contract to supply solar power } to Lockheed Martin for three large missile warning satellites for the U.S. Space Force. Latest contract continues long-standing SolAero support of missile-warning satell
Slide 20: Ongoing Support for Important DARPA Mission
ONGOING SUPPORT FOR IMPORTANT DARPA MISSION Significant milestone achieved in Q3 2022 fate) for DARPA and Space Development ra) Agency's Mandrake-2 mission, supported by Rocket Lab MAX mission software. Successful transfer of data between two oll satellites 110+km apart as part of DARPA & SDA's conc
Slide 21: Exploring the Future of Transport with U.S. Govt
Key Accomplishments Q3 2022 EXPLORING THE FUTURE OF TRANSPORT WITH U.S. GOVT 21 Signed agreement with U.S. Transportation Command to explore uses of Neutron, Electron, and Photon for cargo transportation, on-orbit depots, & point-to-point travel. Agreement strengthens relationship with fate) U.S. Sp
Slide 22: High Volume Reaction Wheel Production Line Established
HIGH VOLUME REACTION WHEEL PRODUCTION LINE ESTABLISHED Construction completed within 18 months, now producing reaction wheel prototypes for a mega constellation customer ahead of delivery expected to begin QI, 2023. Gy High-volume production line capable of delivering up to 2,000 units per year. Ris
Slide 23: Additional Accomplishments After September 30, 2022
ADDITIONAL ACCOMPLISHMENTS After September 30, 2022
Slide 24: Our Busiest Launch Year Ever
24 Additional Accomplishments after September 30, 2022 OUR BUSIEST LAUNCH YEAR EVER And we're still going. L Nine launches in 2022 to date, surpassing previous annual company record of seven. E_l Launched a successful mission every month since April 2022. First launch from LC-2 scheduled for next mo
Slide 25: First U.S. Launch Scheduled
25 iments after September 30, 2022 FIRST U.S, LAUNCH SCHEDULED Electron is at Launch Complex 2 in Virginia in preparation for a planned December 2022 launch. \ Launch preparation underway for HawkEye 360 mission in December. The mission establishes Rocket Lab's ability to launch from two continents,
Slide 26: Second U.S. Launch Contract Signed
SECOND U.S. LAUNCH CONTRACT SIGNED Two launches from LC-2 expected within weeks of each other. Sn» Launch contract signed for mission from /\ ) LC-2 in January 2023 for undisclosed SS constellation customer. The missions are expected to be the fastest launch turnaround by an orbital small launch pro
Slide 27: Operating the Globalstar Constellation
Additional Accomplishments after September 30, 2022 OPERATING THE GLOBALSTAR CONSTELLATION 24/7 satellite operations by Rocket Lab. Rocket Lab to provide global Satellite Operations Control Center (SOCC) for Globalstar’s growing constellation. SOCC will serve Globalstar’s existing satellites and the
Slide 28: Globalstar contract leverages end-to-end space mission solutions
The contract with MDA for Globalstar leverages __ Rocket Lab's ability to provide end-to-end space mission solutions at scale. “+ 24/7 global Spacecraft Operations Control Centre. + Rocket Lab Solar Panels - 2.7 kW per satellite. * » Two Rocket Lab C-Band Frontier-C Radios per spacecraft (34 total)
Slide 29: Powering NASA's Planet-Exploring Robots
POWERING NASA'S PLANET-EXPLORING ROBOTS Rocket Lab to supply NASA's Jet Propulsion Laboratory (JPL) with solar panels to power fh shoe-box sized mobile robots (CADRE) to explore distant planets and the Moon. CADRE robots to be powered by Rocket a Lab's industry-leading IMM solar cells, Z, providing
Slide 30: Financial Highlights and Outlook
SECTION \ FINANCIAL HIG AN HLIGHTS D OUTLOOK
Slide 31: Review of Revenue and Gross Margin Quarter-on-Quarter
REVIEW OF REVENUE AND GROSS MARGIN QUARTER-ON-QUARTER $s63.1M 14% Revenue in Q3 2022 Quarter-on-Quarter revenue growth Revenue Growth & GAAP / Non-GAAP Gross Margin $20 $36.4 $401 Q2'22 Q3'22 m Space Systems ($M) Launch ($M) Sequential revenue growth of 14%, or $7.6M, driven by Launch Services growt
Slide 32: Review of Revenue and Gross Margin Year-on-Year
REVIEW OF REVENUE AND GROSS MARGIN YEAR-ON-YEAR $s63.1M 1093% Revenue in Q3 2022 Year-on-Year revenue growth Revenue Growth & GAAP / Non-GAAP Gross Margin ($M) mLaun: Total revenue grew nearly 1093%, or more than $57M as both revenue segments experienced significant expansion. Contribution from rece
Slide 33: Review of Operating Expenses Quarter-on-Quarter
REVIEVV OF OPERATING EXPENSES QUARTER-ON-QUARTER GAAP SG&A expense increase of $4M was driven by deal-related amortization of intangibles and a change of the fair value of contingent considerations related to the acquisition of PSC. GAAP & Non-GAAP R&D vs. SG&A Spending GAAP R&D expense slight decre
Slide 34: Review of Operating Expenses Year-on-Year
REVIEVWV OF OPERATING EXPENSES YEAR-O YEAR Both GAAP and Non-GAAP R&D GAAP & Non-GAAP increase was largely driven by R&D staff R&D vs. SG&A Spending costs between Neutron and Photon. GAAP SG&A decrease was driven by lower stock-based compensation, partially offset by an increase in amortization expe
Slide 35: Ending Cash and Key Cash Flow Metrics
ENDING CASH AND KEY CASH FLOVV METRICS QUARTER-ON-QUARTER Q3 2022 ending Cash and Cash Equivalents, restricted cash and marketable securities balance of $515.5M represents a sequential decline of $31.2M Cash Flow Activities o = Operating ($M) m Financing ($M nvesting ($M FX ($M Cash consumed from Op
Slide 36: Financial Outlook
36 FINANCIAL OUTLOOK Q4 2022 Revenue Outlook Q4 GAAP and Non-GAAP. Gross Margins Q4 Operating Expense Q4 Interest Expense, Adjusted EBITDA and Shares Outstanding + We expect revenue to range between $51 million to $54 million. + We expect Space Systems revenue of $34 million to $37 million. + Weare
Slide 37: Q&A
Slide 38: Upcoming Conferences and Events
BREOMING STIFEL Stifel Midwest One-on-One Growth Conference November 10, 2022 Adam Spice Chief Financial Officer Deutsche Bank i] Global Space Summit — Virtual November 10, 2022 Peter Beck Chief Executive Officer Roth 11 Annual Technology Event November 16, 2022 dam Spice ief Financial Officer
Slide 39: Rocket Lab
—Rr ROCKETLAB