Slide 1: 2012 Earnings Call Presentation
U n s a v e d D o c u m e n t / 2 / 2 2 / 2 0 1 2 / 1 7 : 4 2 2012 Earnings Call Presentation March 14, 2013
Slide 2: Safe Harbor Language
Safe Harbor Language Thispresentationcontainscertainstatementsthatare“forward-lookingstatements”withinthemeaningof thePrivateSecuritiesLitigationReformActof1995. Theseforward-lookingstatementsarebasedon currentexpectationsandassumptionsthataresubjecttorisksanduncertaintieswhichmaycauseactual results
Slide 3: Globalstar's Successful Launch Campaign
2 Globalstar’s Successful Launch Campaign Launch 1 –Oct ‘10 Launch 4 –Feb ‘13Launch 2 –July ‘11 Launch 3 –Dec ‘11 With the successful fourth launch in February, Globalstar is the first MSS provider to successfully launch a second-generation constellation of LEO satellites, placing the Company years
Slide 4: 2012 Results Summary
2012 Results Summary Summary Performance Revenue growth of 5% and Adjusted EBITDA improvement of $16.2 million year over year Duplex ARPU hit lows of $14.99 and $15.35 in Q4 2011 and Q1 2012 –increased to $18.95 and $18.49 in Q3 and Q4 2012, respectively Significant improvement in operational
Slide 5: Historical Annual Financial Summary
$3.6 $27.3 $33.8 $21.8 ($14.2) ($12.6) ($8.5) ($6.4) $9.8 ($20.0) ($10.0) $0.0 $10.0 $20.0 $30.0 $40.0 Historical Annual Financial Summary 4 (1) Adjusted to exclude non-cash compensation expense, reduction in the value of assets, foreign exchange (gains)/losses, R&D costs associated with the develop
Slide 6: Fourth Launch Summary
Fourth Launch Summary Constellation Update On February 6, 2013, Globalstar successfully completed the fourth launch of second-generation satellites from the Baikonur Comsodrome 12 th successful launch on the Soyuz vehicle with long- standing partner Arianespace and their affiliate Starsem Initial
Slide 7: Petition for Rulemaking Summary
Petition for Rulemaking Summary FCC completed the comment cycle in January Certain interested parties filed initial comments –prior to the submission of reply comments, Globalstar addressed many of the issues raised in its hosted Webinar entitled “Globalstar’s New Wi-Fi Super Highway” Any remaini
Slide 8: Existing Wi-Fi Channels are Saturated with High Usage
Existing Wi-Fi Channels are Saturated with High Usage High channel crowding in existing public Wi-Fi channels (2401-2473), shown below in red and green, is now typical in many parts of the United States and acts as a fundamental limiting factor for both throughput and service quality. Globalstar
Slide 9: Representative New Product Summaries
Representative New Product Summaries 8 Throughout 2013, Globalstar will continue to roll out new products to the consumer, industrial and government markets including the 3 rd generation of SPOT Satellite GPS Messenger. Globalstar will also introduce the satellite industry’s first consumer focused a
Slide 10: Globalstar Value Drivers
Globalstar Value Drivers Low Cost Second-Gen Satellite Ecosystem x Breakthrough Mass Market Products x Valuable Spectrum Assets x Offers the industry’s lowest cost and highest voice quality Second-generation provides significant cost benefits and network performance enhancements years before our
Slide 11: Annex A – Adjusted EBITDA Reconciliation
Annex A –Adjusted EBITDA Reconciliation 10 ($ in millions) 2004 2005 2006 2007 2008 2009 2010 2011 2012 EBITDA ($0.7) $26.5 $26.3 ($2.9) ($35.3) ($31.3) ($35.1) ($24.0) ($27.5) Reduction in the value of long-lived assets & inventory 0.1 0.1 1.9 19.1 0.4 0.9 16.0 12.4 8.6 Stock Compensation (non-cash