Slide 1: Rocket Lab USA, Inc. Q2 2023 Investor Update
Rocket Lab USA, Inc. Qe 20a 5s INVESTOR UPDATE Aug 8, 2023 a rocketlabusa.com 4 / TN ROCKETLAB
Slide 2: Forward Looking Statements
N FORWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contein certain “forward-looking statements" within the meaning of the Private Secutities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 2IE of the Securities Exchange Act
Slide 3: Today's Presenters
TODAY' Ss PRESENTERS Peter Beck Adam Spice Founder, Chief Executive Officer, Chief Engineer . Chief Financial Officer
Slide 4: Agenda
AGENDA 1 Key Accomplishments Q2 2023 = Additional Accomplishments Q3 2023 3 Financial Highlights and Outlook = Q&A and Upcoming Events
Slide 5: Key Accomplishments Q2 2023
KEY ACCOM PLISHM ENTS Qe 2023
Slide 6: Launches in Q2: 100% Success
Lane SSGceessFat LAUNCHES IN Q2 } > i bb --» asa S leidos 2 Satellites 2 Satellites Suborbital lOOo% SUCCESS [ Mission success rates this year continuing to drive government and commercial customers towards proven capability
Slide 7: Unlocked ~$1B Hypersonic Development TAM
UNLOCKED ~S1B HYPERSONIC DEVELOPMENT TAM, Inaugural launch of a successful mission for Leidos and MACH-TB project awarded by Naval Surface Warfare Center (NSWC) Crane on behalf of the U.S. Department of Defence. Through a novel evolution of the existing Electron city product, we've opened a whole ne
Slide 8: Expanded Propulsion Manufacturing Capability
EXPANDED PROPULSION MANUFACTURING CAPABILITY Former Virgin Orbit Long Beach facility secures ~144k square feet primarily for planned Neutron and Electron production. Key assets incl. 3D printers, CNC machines, vibration tables & clean rooms configured at near required specifications. SIZ A SOTO Ts
Slide 9: Neutron Testing & Analysis Underway
NEUTRON TESTING & ANALYSIS UNDERWAY Landing Legs: optimized for barge landing, enabling increase in launch availability. Hungry Hippo Fairing: Four fairing sections reduced to two to allow for simplier mechanisms.
Slide 10: Production and Test at Scale
PRODUCTION AND TEST AT SCALE Stage 2 Tank Complete: Stage 2 carbon composite qualification tank complete. Qualification campaign commencing Q3 to simulate flight conditions. Stage 2 Test Stand Complete: Cryogenic tank test stand rig built — a key infrasructure element now complete. LC-3 Pad Earthwor
Slide 11: Key Archimedes Build and Test Milestone Met
KEY ARCHIMEDES BUILD AND TEST MILESTONE MET Thrust Chamber Development on Schedule: First full-scale print of Archimedes Thrust Chamber Assembly completed using the Additive Manufacturing Customized Machine printer. Injector Development Testing Underway: Successful pre-burner element tests underway
Slide 12: Upcoming 2023 Neutron Milestones
KEY ACCOMPLISHMENTS @2 2023 UPCOMING 2023 NEUTRON MILESTONES Stage 2 structural & cryogenic test campaign V 1.0 avionics and orbital flights complete in HITL environment. Stage 1 qualification infrastructure completed. VE First development Archimedes engine build completed and test campaign started.
Slide 13: Rocket Lab Satellite Enabling Pharma Manufacturing in Orbit
ROCKET LAB SATELLITE ENABLING PHARMA MANUFACTURING IN ORBIT 1e spacecraft, b Primary mission completed successfully - growing ritonavir crystals, a drug commonly used to treat HIV, in zero gravity environment. Capsule anticipated to return to Earth in coming weeks. The spacecraft was the first of fo
Slide 14: Qualification Testing Underway for NASA Mars Spacecraft
a2 2023 QUALIFICATION TESTING UNDERWAY FOR NASA MARS SPACECRAFT et Lab building twin spacecraft for NASA ESCAPADE ty Qualification spacecraft build complete. NA Completed end-to-end mission operations ) command functional testing ahead of 2024 launch.
Slide 15: Additional Accomplishments After June 30, 2023
SECTION ADDITIONAL ACCOMPLISHMENTS After June 30, 2023
Slide 16: Successful Launch for NASA, Telesat, Spire
SUCCESSFUL LAUNCH FOR NASA, TELESAT, SPIRE A successful mission from Launch Complex 1 deployed satellites for NASA, Spire, Telesat At 36 successful launches, Electron has launched more than 5x the successful missions of all new small rocket entrants combined globally On track for 15 launches total i
Slide 17: Successful Marine Recovery
SUCCESSFUL MARINE RECOVERY waterproofing systems and marine retrieval [ Successful demonstration of new [ [ apparatus Electron splashed down with 400 meters of rs predicted area and recovery vessel met with the floating stage within minutes of aA splashdown, a new record First re-flight of arecovere
Slide 18: Signed New Launches
SIGNED 10 NEVV LAUNCHES since QI 2023 earnings with return
Slide 19: Financial Highlights and Outlook
Wi m { J Ce ies | FINANCIAL HIGHLIGHTS AND OUTLOOK
Slide 20: Review of Revenue and Gross Margin
REVIEW OF REVENUE AND GROSS MARGIN ~on-Quarte Ss6emM Revenue in Q2 2023 Quarter-on-Quarter revenue increase Margin Sequential revenue increase of 13%, or $7.2M, driven by improvement in launch pricing to our target ASP of $7.5m and growth in our satellite bus, solar and separation systems businesses
Slide 21: Review of Operating Expenses
REVIEW OF OPERATING EXPENSES GAAP SG&A expense increased slightly due to M&A costs associated with the Virgin Orbit facility acquisition, non-recurring ERC tax credits recorded in Q1, and an increase related to change in contingent consideration for Planetary Systems Corporation acquisition Non-GAAP
Slide 22: Ending Cash and Non-GAAP Free Cash Flow Metrics
ENDING CASH AND NON- GAAP FREE CASH FLOVV METRICS $419Min cash and cash equivalents, marketable securities and restricted cash, end of period in Q2 2023. Cash consumed from Operations decreased $19.3M sequentially, driven primarily by accounts receivables collections and decreases in contract liabil
Slide 23: Financial Outlook
FINANCIAL OUTLOOK Q3 2023 Revenue Outlook Q3 2023 GAAP and Non-GAAP Gross Margins Q3 2023 GAAP and Non-GAAP Operating Expense Q3 2023 Adjusted EBITDA + Expect revenue to range between $73 million to $77 million + Expect Space Systems revenue of $43 million to $47 million * Currently planning for fou
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Slide 25: Upcoming Events
UPCOMING EVENTS eB “a ff i Morgan Stanle Bankof America Je eriesS C t | g y = fs a Morgan Stanley Bank of America SMID Jefferies Industrials Citi Tech Conference LagurieConterence Cap Conference Conference August 9, 2023 Colin Canfield Investor Relations September 7, 2023 Colin Canfield Investor Rel
Slide 26: Rocket Lab
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