Slide 1: Financial Results Material for Q1 of Fiscal Year Ending March 2024
Financial Results Material for Q1 of Fiscal Year Ending March 2024 ispace, inc. （Securities Code：9348） August 10, 2023 Expand our planet. Expand our future. copyright©ispace,inc. 2023 1
Slide 2: Table of Contents
Table of Contents 1 |About ispace 2 |Business Highlights : Q1 of Fiscal Year Ending March 2024 3 |Financial Results : Q1 of Fiscal Year Ending March 2024 4 |Financial Forecast : Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 2
Slide 3: Disclaimer
Disclaimer • This presentation was prepared by ispace, inc. (referred to as the “Company”, “ispace”, or “we” herein) solely for informational purposes. This presentation does not constitute an offer to sell or a solicitation of an offer to buy any security of the Company in the United States, Japan
Slide 4: About ispace
About ispace Expand our planet. Expand our future. copyright©ispace,inc. 2023 4
Slide 5: Our Vision: Expand Our Planet. Expand Our Future.
OUR VISION (Reposted) EXPAND OUR PLANET. EXPAND OUR FUTURE. Creation of a world where the Earth and the Moon are one ecosystem, establishing a new economy on the Moon ⚫ “Moon Valley 2040” is an outlook on the world representing ispace’s vision EXPAND OUR PLANET. EXPAND OUR FUTURE ⚫ We envision 1,000
Slide 6: Why the Moon?
Why the Moon? (Reposted) The potential of the Moon as a “fuel supply base” utilizing H2O that may exist on the Moon ENVISIONED ECOSYSTEM(1) BRINGS THE EARTH & MOON TOGETHER H 2 O (2) 1 / 6 G (3) Decreasing costs to access areas of deep space • Costs of Mars missions • Costs of resource explorations
Slide 7: Lander launch and lunar surface exploration flow
Business area (Reposted) The lander developed by ispace is launched into outer space on an external vendor’s rocket. After the lander navigates on its own to the lunar surface, the plan is for the lander and rover to explore and acquire data from lunar surface Launch using an external The lander nav
Slide 8: Payload, Data and Partnership services as business pillars
Core service (Reposted) Payload service and Partnership service are the current business pillars of ispace. We plan to establish Data service in the future Payload service Data service Partnership service Customers are expected to acquire significant data Transport customers’ payload to the Moon. fr
Slide 9: Achievements and announced mission schedule
Achievements (Reposted) In 2022, successfully launched lunar lander as a commercial company for the first time Announced Mission Schedule(1) 2022 2023 (US) Intuitive Machines (US) Astrobotic Technology 2024 (US) Intuitive Machines (US) Astrobotic Technology (US) Firefly Aerospace 2025 (US) Intuitive
Slide 10: Business Highlight: Q1 of Fiscal Year Ending March 2024
Business Highlight : Q1 of Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 10
Slide 11: Mission1 achieved 8 of 10 success milestones
Mission1 KPI Success Milestones Achieved 8 out of 10 Success Milestones we’ve set, despite not being able to achieve lunar landing. Acquired valuable data until the M1はミッション期間のsuccess5まで達成 end of landing sequence Success 4 ✓ Success 3 ✓ Completion of first orbital Establishment of a control maneuver
Slide 12: Impact of Mission1 results on forecast was insignificant
Business Completed detailed technical review of Mission1 and reconfirmed that impact of Mission1 results on the forecast for Fiscal Year Ending March 2024 were insignificant ⚫ As a result of not achieving completion of Success 9-10 in Mission1, the amount of sales that could not be recorded as sales
Slide 13: Mission1 sales finalized; new contracts for Mission2 and beyond
Business Sales were finalized with the completion of Mission1. New contracts for Mission2 and beyond were signed during the Q1 ⚫ Total sales of payload services related to Mission 1 were 1,121 million yen. Mission completion agreed with each customer Completion of Misson1 ⚫ 575 million yen of the to
Slide 14: New Basic Plan of Space Policy
Business Environment The New Basic Plan of Space Policy, which sets forth the basic policy for space policy for the next 10 years, has been officially decided by the government (June 2023) Number of Times the Term “Lunar Surface” Appears 8 48 Former Basic Plan of Space Policy (2020)(1) New Basic Pla
Slide 15: SBIR Program 12 billion yen budget
Business Environment SBIR Program’s project to promote innovative creation by small- to medium-businesses was officially announced. Aims to be selected for theme A (lunar surface lander development and operation demonstration) Overview of SBIR (Small Business Innovation Research) (1) Requirements fo
Slide 16: Proposed 1 trillion yen space development fund
Business Environment A proposal was made to add fund supplying function to JAXA and launch 1 trillion yen “space development fund (tentative name)”(1) Fund Supplying Size Approx. ⚫ A plan to supply fund of 1 trillion yen in private businesses over 10 years 1 Trillion yen ⚫ Create an environment that
Slide 17: Won Special Jury Award of Nippon Startup Awards
Business Our business has been highly evaluated among Japanese startups Won Special Jury Award of Nippon Startup Awards June 2023 Left Figure: Prime Minister Kishida and ispace Officers and Employees Expand our planet. Expand our future. copyright©ispace,inc. 2023 | 17
Slide 18: Mission2: Assembly of Series I lander
Business Mission2：Assembly of Series I lander for the next mission is preparing Mission 2 ⚫ Assembly and preparation underway towards Mission2 test in facility held by JAXA ⚫ Plans for Mission 2 details to be announced in the future Left Figure: Installing heater to a part called PSP on the bottom o
Slide 19: Mission3: Ronald J. Garan Jr. becomes US CEO
Business Mission3：Ronald J. Garan Jr. assumes the position of US CEO Mission3 Ronald J. Garan Jr. CEO, ispace technologies U.S. , inc. ⚫ Earned a Bachelor of Science degree in Business Economics from the State University of New York College at Oneonta ⚫ Selected for the U.S. astronaut program in Jul
Slide 20: Financial Results: Q1 of Fiscal Year Ending March 2024
Financial Results : Q1 of Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 20
Slide 21: Income Statement
Income Statement As agreements for the end of Mission1 were obtained from each customer, recording of Mission1 sales has been completed. Expect progress in sales as development of Mission3 progresses to full-scale(1) FY2024 Q1 FY 2024/3 Point (Millions of yen) Results Forecast %Progress ⚫ With the e
Slide 22: Balance Sheet
Balance Sheet Excess liabilities were eliminated with the capital we raised at IPO. Secured financial stability with the achievement of 4.2 billion yen increase in cash and deposit from the end of the previous fiscal year Point FY 2024 Q1 FY 2023/3 Asset： ⚫ Cash and deposit increased by about 4,230
Slide 23: Financial Forecast: Fiscal Year Ending March 2024
Financial Forecast : Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 23
Slide 24: Overview of Mission2 and Mission3
OVERVIEW OF MISSION2 AND 3 (Reposted) Mission2 plans landing and exploration of the Lunar surface. Mission3 plans to join NASA CLPS program as a member of Team Draper Mission2（Planned for 2024） Mission3（Planned for 2025） Using SeriesⅠlander and Micro Rover Using SeriesⅡlander and satellites in lunar
Slide 25: Statement of income forecast maintained
Statement of income Maintain financial forecast with expected recording of sales together with future occurrence of cost(1) for Mission3 Point FY 2024/3 FY 2023/3 Full year Full year results %Change (Millions of yen) forecast ⚫ Increase in net sales of 5,207 million yen YOY is expected, as Net Sales
Slide 26: KPI: Mission contracts and sales timeline
KPI No new Mission3 contracts were concluded during the first quarter. Efforts are being made to turn interim PSA(1) into final agreements and to prepare for bidding projects by government organizations, etc., which do not require contracting step of interim PSA FY2021 FY2022 FY2023 FY2024 FY2025 M1
Slide 27: Illustrative Business Model of Payload Service
Illustrative Business Model (Reposted) Illustrative Business Model of Payload Service For illustrative purposes only; all values are rounded off to integral values and subject to change Total Assumed Mission revenue recognized(2) over… Designed Internal use Customer payload sellable payload total Yi
Slide 28: Never Quit the Lunar Quest
Never Quit the Lunar Quest 私たちは歩み続けます Expand our planet. Expand our future. copyright©ispace,inc. 2023 28