Viasat, Inc. · NASDAQ:VSAT
Viasat — Q2 2025 Earnings Presentation
17 slides from Viasat's earnings presentation, Nov 6, 2024
Slide 1: Q2 FY2025 Earnings Results
Q2 FY2025 Earnings Results November 6, 2024
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, sta
Slide 3: Viasat + Inmarsat
Viasat + Inmarsat 40+ years 77 Countries around Enduring value the world Continuing to serve customers Global team working closely with who rely on our services our customers and partners while innovating new generations of technology $4.5B 21 FY24 Combined Operational Revenue* satellites in space 7
Slide 4: Current and future satellite fleet
Current and future satellite fleet Satellites shown with service entry dates This diagram is for illustrative purposes only. All future launch dates are projections and are subject to change. The locations of the satellites shown do not reflect the current actual locations. 4
Slide 5: Viasat satellite roadmap
Viasat satellite roadmap - Satellite Phase’? Key Design Differentiator ViaSat-3 F1 ViaSat-3 F2 ViaSat-3 F3 GX-10A/B GX-7/8/9 Inmarsat-8 Mechanical Final TVAC Environments Ground Test ‘Progress bars are nat to scale and are for illustrative purposes only ? The names of certain key partners have been
Slide 6: Q2 FY2025 Financial & Operational Highlights
Q2 FY2025 Financial & Operational Highlights $1,218 $1,162 $1,275 $1,019 $1,114 Delivered results above expectations › Continued strong performance in aviation and government satcom services Awards › Fixed broadband and other and maritime services pressures continue ($Ms) › Strong IP licensing reven
Slide 7: Q2 FY2025 Financial Summary
Q2 FY2025 Financial Summary Q2 Q2 Fav/ ($ Millions) Comments FY2025 FY2024 (Unfav) $1,130(1) $(8)(1) › Aviation and government satcom service revenues, tactical networking products Revenue $1,122 $1,225 ($103) offsetting decline in fixed services and other (FS&O) and Maritime Growth/(Decline) % › 17
Slide 8: Financial Highlights – Communication Services
Q2 FY2025 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance Awards ($Ms) Revenue by Business Line › Continued strong demand for aviation and $778 $998 $864 $811 $765 ($Ms) Service Revenue government satcom services $26 2 $24 6 $22 4$257 › Segment service reven
Slide 9: Financial Highlights – Defense and Advanced Technologies
Q2 FY2025 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance › Segment product revenues up 6% YoY Awards ($Ms) $510 Revenue by Business Line (excluding the non-recurring contribution from $351 ($Ms) Product Revenue $241 $220 $250 the litigation settl
Slide 10: FY2025 Financial Guidance Update
FY2025 | Financial Guidance Update Prior FY2025 Prior Guidance FY2025 Guidance Updated UpdatedFY2025 FY2025Guidance Guidance Better/Worse Better/Worse Total Revenue(1) Flat to slightly up Flat to slightly up ($Ms) Prodct Revenue Communications Slightly down (Low Single Digit) Services Revenue Defens
Slide 11: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Millions) $Millions Q2FY24 Q1 FY24(1) Q2FY25 Q1 FY25(2) Cash and cash equivalents and short-term Awads ($Ms) Prodct Revenue 1,962 1,556(1) investments › Driven by tactical networking products, antenna systems and recurring IP licensing Revolving credit facility availabili
Slide 12: Debt Maturity Profile
Debt Maturity Profile Debt Maturity Schedules as of September 30, 2024 ($ Billions) Debt Profile ($Ms) asProdct of Revenue September 30, 2024 $3.5 $3.0 $2.5 $2.0 78% (2) 81%(2) $1.5 Fixed & Floating Secured with Hedge(3) $1.0 $0.5 $0.0 FY25 (2) FY26 FY27 FY28 FY29 FY30 FY31 FY32 Secured Unsecured Fi
Slide 13: Supplemental
Supplemental Viasat”
Slide 14: New Segment Descriptions
New Segment Descriptions Communication Services Aviation Government Satcom Maritime Fixed Services & Other › In-flight connectivity, wireless in-flight › Offers highly trusted and secure › Solutions support vessel operation, › Connectivity solutions for fixed entertainment and safety services interc
Slide 15: Research and Development
Research and Development 5.1% 4.6% 4.4% 4.3% 3.9% 2.8% 3.3% 3.1% $46 2.7% $42 2.4% $39 $33 $33 34 29 26 20 23 13 13 13 14 11 Q2 Q3 Q4 Q1 Q2 FY24 FY24 FY24 FY25 FY25 15
Slide 16: Thank you
Thank you 16
Slide 17: GAAP reconciliation
GAAP reconciliation This presentation includes non-GAAP financial measures to supplement Viasat’s consolidated financial statements presented on a GAAP basis. We believe these measures are appropriate to enhance an overall understanding of Viasat’s past financial performance and prospects for the fu