Slide 1: Spire Global Q2 2023 Investor Update
Spire Global Q2 2023 Investor Update August 9, 2023
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD–LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future performan
Slide 3: The Space Company Focused on the Future of Planet Earth
The Space Company Focused on the Future of Planet EarthTM Providing global data, analytics and space services 3
Slide 4: Business Update
Business Update Strong business Environment supportive of execution Spire’s solutions Record Q2 2023 results as a public company Robust aviation travel demand > Highest dollar revenue – 37% YoY growth > Global travel approaching 2019 levels > Lowest operating loss – 33% YoY improvement > Improving o
Slide 5: Global emissions monitoring system market estimated at $3.8 billion
The global emissions monitoring system market is estimated to be $3.8 billion and is expected to reach $8.7 billion by 2031 5
Slide 6: Sustainable Growth, Driven by Four Solutions
Sustainable Growth, Driven by Four Solutions Revenue ($M) Annual Recurring Revenue ($M) ARR Solution Customers 30.0 112.8 900 26.5 110.0 813 25.0 800 37% 100.0 32% 17% growth growth 692 growth 19.4 20.0 90.0 85.3 700 15.0 80.0 600 Q2'22 Q2'23 Q2'22 Q2'23 Q2'22 Q2'23 6
Slide 7: Global wildfire losses 2018-2022 estimated at $69 billion
Click here to view linked video Aside from the threat to life, global wildfire losses between 2018-2022 are estimated to total $69 billion (Munich Re) 7
Slide 8: Leveraged Cost Structure Driving Towards Profitability
Leveraged Cost Structure Driving Towards Profitability GAAP Operating Loss Non-GAAP Operating Loss Adjusted EBITDA 1 1 ($M) ($M) ($M) 0.0 0.0 0.0 Q2'22 Q2'23 Q2'22 Q2'23 Q2'22 Q2'23 (5.0) (5.0) (3.0) (10.0) (5.0) (11.0) (6.1) (15.0) (10.0) (10.0) (7.3) (20.0) (16.4) (10.1) 33% 39% 58% (25.0) (15.0)
Slide 9: Utility storm-damage costs and lost revenues from outages
According to McKinsey & Company, a typical utility saw $1.4 billion in storm-damage costs and lost revenues due to outages caused by storms over a 20-year period 9
Slide 10: Expanding Subscription Business with Attractive Margin Structure
Expanding Subscription Business with Attractive Margin Structure 10
Slide 11: Annual cost of turbulence estimated at ~$200 million in the US
Recent research looked back at 2003 and estimated the annual cost of turbulence to be ~$200 million in the US alone 11
Slide 12: 2023 Guidance – Improving Profitability Guidance
2023 Guidance – Improving Profitability Guidance Full Year Change Q3 2023 Guidance 2023 Guidance from Prior Guidance Revenue (millions) $26.0 - $27.0 $104.0 - $109.0 No change 2 ARR (millions) $107.5 - $108.5 $129.0 - $135.0 No Change 2 ARR Solution Customers 835 – 845 855 – 875 +5 mid-point Non-GAA
Slide 13: Thank you!
Thank you! From our team, to yours. 13
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation In addition to financial measures prepared in accordance with GAAP, this presentation contains non-GAAP financial measures, including free cash flow, non-GAAP operating loss, EBITDA, and Adjusted EBITDA. Spire’s management uses these non-GAAP financial measures intern