Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q3 2023 Earnings Presentation
18 slides from Ast Spacemobile's earnings presentation, Nov 14, 2023
Slide 1: Transforming how the world connects
Transforming how the world connects NASDAQ: ASTS Business Update – Third Quarter 2023 November 14, 2023 ast-science.com
Slide 2: Forward Looking Statements
Forward Looking Statements The information in this presentation and the oral statements made in connection therewith includes “forward-looking statements” for the purposes of federal securities laws that are not historical facts and involve risks and uncertainties that could cause actual results to
Slide 3: Building the first and only space-based cellular broadband network
Building the first and only space-based cellular broadband network 3 ast-science.com
Slide 4: Key highlights
Key highlights BlueWalker 3 Makes History Again ― Demonstrated space-based 5G cellular broadband capabilities ― Increased performance to 14 Mbps data rates per 5MHz channels First Five Commercial Satellites Expected to be Launched in Q1 2024 ― Manufacturing at full speed in Midland, Texas facilities
Slide 5: Strategic investment process continues to move forward
Strategic investment process continues to • We are moving forward on definitive documentation and completion of diligence with multiple strategic partners move forward • The strategic investment process is intended to result in new capital and establish new and incremental financial, commercial and
Slide 6: History made: connecting everyday smartphones
History made: September 2023 connecting In a 5G first-ever, we demonstrated space-based 5G 5G Voice Calls everyday connectivity by placing a call from Maui, Hawaii, USA, to a smartphones 14 Mbps Data Rate Vodafone engineer in Madrid, (Per 5MHz Channels) Spain, using AT&T spectrum directly from space
Slide 7: Less than half of the geographic US has 5G coverage with download speeds ≥7Mbps
Less than half of the “The entire country benefits when everyone, including those living and working in rural areas, can communicate and innovate equally through access to high-speed, mobile broadband services. geographic US has Access to high-speed, mobile services allows connections to essential c
Slide 8: Our collaboration has been highlighted by our MNO partners
Our collaboration has been highlighted by our MNO partners 8 ast-science.com
Slide 9: MOUs and agreements with over 40 of largest mobile network operators
MOUs and agreements with over 40 of largest mobile network operators around the world potential coverage Note: Memoranda of understanding and preliminary agreements are not binding and are subject to negotiation of definitive documentation. Over 2 billion subscribers Select MNO Partners represented
Slide 10: Substantial tech advantage from proprietary IP, R&D investments and patent portfolio
Substantial tech Thousands of patent claims to maintain and sustain competitive advantage advantage from proprietary IP, R&D investments and patent portfolio 3,100+ 30+ Patent and patent Patent families pending claims 25+ 10+ US patent applications Additional patents spanning countries from Europe t
Slide 11: Manufacturing in Midland, Texas is at full speed ahead of expected Q1 2024 launch
Manufacturing in Midland, Texas is at full speed ahead of expected Q1 2024 launch ● Approximately 85% of planned capital expenditures paid (including launch costs) ● Ramped to approximately 160 employees in Midland to support manufacturing ● Production lines running 3 shifts ● First five BlueBird co
Slide 12: Production of key subsystems for the first five commercial satellites is in advanced stages
Production of key High level of vertical integration across key satellite subsystems subsystems for the first five commercial Microns Solar Panels Batteries Electronics Antennas satellites is in advanced stages 12 ast-science.com
Slide 13: Production of key subsystems for the first five commercial satellites (cont'd)
Production of key High level of vertical integration across key satellite subsystems subsystems for the first five commercial ControlSat Avionics Software satellites is in advanced stages (cont’d) 13 ast-science.com
Slide 14: Third quarter 2023 financial metrics
Third quarter Adj. Operating Expenses 1 Capital Expenditures 2 Liquidity 4 2023 financial metrics $mm $mm $mm $71.7 $38.4 $191.5 $37.3 $18.4 $135.7 $18.0 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating 3 expenses is equal to total operating expense less non-cash operating $26.8 ex
Slide 15: Guidance for Adjusted operating expenses: targeting $25-$30M recurring expenses
Guidance for Adjusted operating $37-$40M ($10-$15M) expenses: targeting $25-$30M recurring Completion of Block 1 design and development expenses $25-$30M Substantial completion of the ASIC design 1. Current run rate per quarter is based on adjusted operating expenses reported in the last four qu
Slide 16: [x] ast-science.com
[x] 9 ast-science.com
Slide 17: Appendix
Appendix
Slide 18: Reconciliation to non-GAAP measures – adj. operating expenses
Reconciliation to Adj. operating expenses – 3 months ended non-GAAP ($ in thousands) Sept 30, ’23 June 30, ’23 Sept 30, ’22 measures – Engineering services 19,523 22,813 14,492 adj. operating General and administrative costs 10,995 10,221 12,916 Research and development costs 9,418 10,921 13,543 exp