Intuitive Machines, Inc. · NASDAQ:LUNR
Intuitive Machines — Q1 2024 Earnings Presentation
20 slides from Intuitive Machines's earnings presentation, May 14, 2024
Slide 1: First Quarter 2024 Investor Update
FIRST QUARTER 2024 INVESTOR UPDATE May 14, 2024 1
Slide 2: Today's presenters
Today’s presenters Steve Altemus Steve Vontur CO-FOUNDER, PRESIDENT & CHIEF EXECUTIVE OFFICER INTERIM CHIEF FINANCIAL OFFICER 2
Slide 3: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation (and oral statements made regarding the subjects of this presentation) includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matt
Slide 4: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS These forward-looking statements are based on information available as of the date of this presentation and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements
Slide 5: Agenda
agenda Highlights 6 Technology Advancements 8 Vehicles & Missions 10 Lunar Terrain Vehicle 12 IM-2 14 Financials 16 2024 Outlook 18 5
Slide 6: Section 01: Highlights
SECTION 01 HIGHLIGHTS 6
Slide 7: Highlights
Highlights Revenue Achieved record revenues in the quarter; $73.1 million, an increase of over 300% versus prior year. Successfully demonstrated autonomous vehicle operations, delivering Technology customer data from the lunar surface. Captured NASA’s Lunar Terrain Vehicle Services contract to suppo
Slide 8: Section 02: Technology Advancements
SECTION 02 TECHNOLOGY ADVANCEMENTS 8
Slide 9: Technology Advancements
Technology Advancements Autonomous Landing and Hazard Avoidance Integrating new autonomous processing software to land with expected 20X more accuracy than IM-1. In-Flight Tracking Refining facility, interface, and software to improve position and velocity estimation. Lunar Communications Improving
Slide 10: Section 03: Vehicles & Missions
SECTION 03 VEHICLES & MISSIONS 10
Slide 11: Vehicles and Missions
Vehicles and Missions IM-1 IM-2 IM-3 Nova-d Class: Nova-C Class: Nova-C Class: Nova-C Class: Nova-D (Cargo) Payload: 130 kg Payload: 130 kg Payload: 130 kg Payload: < 2,500 kg Status: Complete Status: In Production Status: In Production Status: In Development Mission: 2024 Mission: 2025 KHON-1 LTV N
Slide 12: Section 04: Lunar Terrain Vehicle
SECTION 04 LUNAR TERRAIN VEHICLE 12
Slide 13: Lunar Terrain Vehicle
Lunar Terrain Vehicle Awarded Lunar Terrain Vehicle Services Contract Total Program Value $4B+ Across Two Phases of Awards Phase One: LTVS Feasibility Assessment • Awarded to Intuitive Machines as prime contractor April 3, 2024 • One-year contract to reach program design review • Includes design dev
Slide 14: Section 05: IM-2
SECTION 05 IM-2 14
Slide 15: IM-2
IM-2 • Completed propulsion tank and spine installation • Tested the complete flight LIDAR system • Validated terrain and hazard relative navigation • Modified launch transportation vehicle • Finished NASA drill deployment mechanism • Finalized commercial payload integration testing 15
Slide 16: Section 06: Financials
SECTION 06 FINANCIALS 16
Slide 17: First Quarter 2024 Financials
FIRST QUARTER 2024 FINANCIALS Quarter-Over-Quarter Backlog* Year-Over-Year Revenue Year-Over-Year Operating Profit / (Loss) $300.0M $80.0M $20.0M $268.6M $73.1M $250.0M $60.0M $10.0M $222.4M $200.0M $150.0M $40.0M $0.0M ($14.0M) ($5.4M) $100.0M $20.0M $(10.0M) $50.0M $18.2M $0.0M $0.0M $(20.0M) Q4 2
Slide 18: 2024 Outlook
<—O0e4 OUTLOOK
Slide 19: 2024 Outlook
2024 Outlook Expect full-year 2024 revenue of $200 - $240 million, resulting in 2.5x - 3x prior year sales Q1 ending cash balance expected to be sufficient to fund operations through the end of the year Continue to add cash reserves based on projected wins and planned operations to execute growth tr
Slide 20: Qe R
Qe R