Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q4 2023 Earnings Presentation
14 slides from Ast Spacemobile's earnings presentation, Apr 1, 2024
Slide 1: Transforming how the world connects
Transforming how the world connects NASDAQ: ASTS Business Update – Fourth Quarter 2023 April 1, 2024 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 ➢ Key Investments and Commercial Agreements With AT&T, Google, Vodafone and the United States Government ➢ FCC Approves Framework for the Use of Terrestrial Spectrum for SpaceMobile (Direct- to-Device) ➢ Production, Assembly and Testing Capabilities Now Fully Operational at Texas Faci
Slide 5: Strategic investment from AT&T, Google and Vodafone
Strategic investment Investment from leading wireless ecosystem players is intended to support the commercial roll-out of the AST SpaceMobile network from AT&T, Google and Vodafone ✓ AT&T, Google, Vodafone: $110 million of 10-year subordinated convertible notes with 5.50% annual interest (which may
Slide 6: Announced new contract award with United States Government through Prime Contractor
Announced new Many potential use cases for a large phased array antenna in low Earth orbit contract award ✓ Initial firm-fixed-priced contract, for an undisclosed amount, will be supported by with United States ground and in-orbit system Government ✓ Large phased array antenna technology in space cr
Slide 7: Entered tape-out phase of custom ASIC with TSMC
Entered tape-out phase of custom ASIC with TSMC Custom ASIC, which is planned to support up to 120 Mbps peak data rates, is one key enabler of space- based cellular broadband • Represents a competitive advantage developed over four years, equivalent to an estimated 150 man-years, with approximately
Slide 8: Key regulatory updates
Key regulatory Federal Communication Commission (FCC) approves framework to regulate the use of terrestrial spectrum for SpaceMobile (direct-to-device) use updates • On March 14, the FCC voted 5-0 to approve the Supplemental Coverage from Space NPRM draft rules published in February − Should facilit
Slide 9: Operating and capital metrics
Operating and Adj. Operating Expenses 1 Capital Expenditures 2 Liquidity 3 capital metrics $mm $mm $mm $51.5 $71.7 $37.3 $38.6 $210.8 $18.5 $135.7 $18.0 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense less non-cash operating $33.9 expen
Slide 10: Update on further funding plans
Update on further Received Three Non-Binding Letters of Interest for Non-Dilutive Quasi-Governmental Funding funding plans • Process for lower-cost, non-dilutive funding has been initiated • Letters demonstrate that AST’s network is the type of project that these institutions are looking to finance
Slide 11: ast-science.com
11 ast-science.com
Slide 12: [x] ast-science.com
[x] 9 ast-science.com
Slide 13: Appendix
Appendix
Slide 14: Reconciliation to non-GAAP measures – adj. operating expenses
Reconciliation to Adj. operating expenses – 3 months ended non-GAAP ($ in thousands) Dec 31, ’23 Sept 30, ’23 Dec 31, ’22 measures – Engineering services 19,992 19,523 16,004 adj. operating General and administrative costs 10,528 10,995 10,698 Research and development costs 10,766 9,418 14,651 expen