Airspan Networks — Q1 2022 Earnings Presentation
22 slides from Airspan Networks's earnings presentation, May 12, 2022
Slide 1: 1Q 2022 Earnings Investor Presentation
Investor Presentation 1Q 2022 Earnings Ves, S 5G DISRUPTOR, INNOVATOR May 2022
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statoments CCenain setts ints investrpresenation (Present i) may be considered Yorwarctockng statements" within he mesning of he-safe harbor provision ofthe Une States Private Secures Ligation Reform Act of Fonwardooking statements generaty eal ofure events the Companys al
Slide 3: Disclaimer: Non-GAAP Financial Measures
Disclaimer Non-GAAP Financial Measures This Presentation ncluces certain ancl measures nat preantedin accordance wih general acaptes accounting erinpies "GAAP" Ineudng, but netted to Asleg EBITD, These non-GAAP finance measures are not nesaure of nancial pertermance i accordance wih GAAP and may exu
Slide 4: Today's Presenters: Executives
Todays Presenters: Executives Eric Stonestrom Glenn Laxdal David Brant Chairman & CEO President & COO SVP & CFO
Slide 5: Airspan at a Glance
Com Airspan at a Glance Airspan Networks Inc. completed a business combination with New Beginnings Acquisition Corp. on August 13th 2021 and listed on NYSE American as Airspan Networks Holdings Inc. NYSE AMERICAN: (NYSE AMERICAN: MIMO) on August 16 2021 MIMO + Multiaward-winning 4G & 5G network dens
Slide 6: Awards and Recognition
WA ((Arpan | Awards and Recognition Qualcomm io) Sprint QO “2018 Global Mobile Awards EXCELLENCE IN COMMERCIAL EXCELLENCE IN WINNER WIRELESS NETWORK DEPLOYMENT: OPEN-RAN- COMMERCIAL DEPLOYMENT: INNOVATION PRODUCT OF THE URBAN YEAR ® autoair PTERCE PEleRCE FIERCE INNOVATION FIERCE INNOVATION Maly AWA
Slide 7: Top Tier Customers and Partners
YE aren | TOp Tier Customers and Partners Global Carrier Networks OEM Partners Private Networks d <> Mittsroo! SoftBank > mitsut 8. co.LTp. gogo ao K Rakuten éefonica @ moronota sowurions metsren?” a eo NEC sc Drewrerecny rane = Hewlett Packard TMobile @% TURKCELL Enterprise @ @smartfren © 2022 Airs
Slide 8: 5G is Driving Network Transformation
(Coro 5G is Driving Network Transformation 4G - LEGACY 5G —- TODAY o Centralized network and macro ————_——_ Distributed, Al driven, self organizing and o cell control access edge centric “GB ara = 5 Proprietary, closed architectures —_—— Open architectures TR Ze < Hard ir —o , Software-centric; leve
Slide 9: Drastically Different Network Densification Between 4G & 5G
(Coon | Drastically Different Network Densification Between 4G & 5G NS Airspan Densification for Optimal Mid-Band Spectrum Network Before: Macro model After: Densified Long Island Sound. : Long Island Sound. Approximately 50 macro cell sites took 15 years Over 20,000 micro cell sites installed in 9
Slide 10: Three Large and Rapidly Growing Markets Driven by 5G
ME. arspan | Three Large and Rapidly Growing Markets Driven by 5G Wireless Carrier Networks Fixed Wireless Access Private Networks = : 2022 TAM: $34.3bn1 2022 TAM: $1.9bn? 2022 TAM: $2.7bn? 2021-2024 CAGR: 5%" 2020-2024 CAGR: 74%? 2021-2024 CAGR: 46%? (© 2022 Airspan Networks Holdings Ine. 10 OB
Slide 11: 5G Networks Have Become National Priorities
ME. (Airspan 5G Networks Have Become National Priorities 5G networks are expected to drive significant innovation and be central to transportation, power, and communications infrastructure. Autonomous 1OT Power & Vehicles Utilities Robotics Content Rural Consumption/ Broadband Distribution As a lead
Slide 12: Mobile capex with 5G upgrade cycle
* Mobile capex with 5G upgrade cycle Carrier + New market entrants (Greenfields) Cable MSOs bought CBRS spectrum Cable MSO Mobility service and Fixed Broadband Enterprise Convergence of CBRS and Wi-Fi6 + Private 5G Air-to-Ground/Military Aviation build outs & Defense Dept 56 FWA + 23 million underse
Slide 13: Financial Update
Slide 14: 1st Quarter 2022 Highlights
1st Quarter 2022 Highlights . Revenue of $37.6 million, down 25% from 4Q Total Revenue ($mm) Products and Software 2021 and down 18% from 10.2021 Licenses Revenue ($mm) = Products and software licenses revenue of $33.6 million down 25% from 4Q 2021 and down 13% $45.9 from 1Q 2021 $38.8 . Gross profi
Slide 15: Closing/Remarks
y et | Closing/Remarks (© 2022 Airspan Networks Holdings Inc. a 15
Slide 16: Key Takeaways: 5G Tsunami
(Cron Key Takeaways: 5G Tsunami Demand for connectivity in every aspect of life is increasing exponentially, alongside an explosive new appetite for data hungry applications like the Metaverse Top tier customer base with growing demand World-class strategic investor and supply chain partners i Wa Co
Slide 17: Appendix
Slide 18: Service Provider Densification: Learned in 4G, Critical in 5G
ME. aren | Service Provider Densification: Learned in 4G, Critical in 5G Airspan Deployment = Asupply chain that mirrors cell phones: ao [pa cao] ae QuaLcomm: Foxconn DD somcoer Sega, Oe aA el [D nottraciaen STRUT he ans «Third party logistics delivery van model Traditional Deployment * Plug & play
Slide 19: One Team, One Code Base, One Mission
(Caos One Team, One Code Base, One Mission a ‘ Santa Clara, California
Slide 20: Customer Diversification Has Improved Drastically
r Diversification Has Improved Drastically Sales to top 3 customers as a % of revenue Others 3rdlargest 9% Largest customer 85% >100 customers (via direct sales) © 2022 Airspan Networks Holdings Ine. Largest customer Others 34% 37% 3rd largest < 8% 2021 >200 customers (via direct sales) 20
Slide 21: Appendix: Annual Reconciliation of GAAP to Non-GAAP
(Gn Appendix: Annual Reconciliation of GAAP to Non-GAAP Reconciliation of Non-GAAP Items Qi 2021 Q4 2021 Qi 2022 Net Loss (14) (20) (30) Adjusted for: Interest Expense net 2 4 5 Income Tax expense 0 (1) (0) Depreciation and amortization 1 1 1 EBITDA (10) (16) (24) Share based compensation expense 1
Slide 22: Thank you
Thank you 5G DISTRUPTOR, INNOVATOR airspan.com
Airspan Networks Holdings — Q1 2022 Earnings Presentation on 6ix