Slide 1: First Quarter 2011 Earnings Call Presentation
GlobalStar* Launching the future. First Quarter 2011 Earnings Call Presentation May 5, 2011
Slide 2: Globalstar Introduction: Safe Harbor Language
Globalstar Introduction Safe Harbor Language This presentation contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are sub
Slide 3: Globalstar Key Value Drivers
Globalstar Key Value Drivers + Historically, the most significant criver of cash flow with high customer Core MSS Voice and Data Products and Services average revenue per user ("ARPU") (Duplex) + Concurrent with the completion of the 2nd generation constellation high quality duplex service will be r
Slide 4: First-Quarter Highlight: Second-generation constellation deployment
First-Quarter Highlight Second-generation constellation deployment e Globalstar successfully integrated six new second- generation satellites that were launched from the Baikonur Cosmodrome in Kazakhstan on October 19, 2011 « All six satellites are providing service and coverage improvements benefit
Slide 5: First Quarter Highlight - FCC License
First Quarter Highlight -— FCC License Globalstar receives authority to operate constellation in U.S. « The International Bureau of the Federal Communications Commission (FCC) granted Globalstar ee ine conditional authority to operate its second-generation Commission satellites within the United Sta
Slide 6: First Quarter Highlight - SPOT Connect
First Quarter Highlight - SPOT Connect™ Continued commitment to innovation and new consumer market development ¢ Globalstar further solidified its unique role as the leading innovator of award-winning MSS retail consumer products with SPOT Connect « Product began to ship in March after being launche
Slide 7: Space Segment - Constellation Update (Launch Two)
Space Segment - Constellation Update Globalstar Launch Two ¢ On April 11 Globalstar announced that satellite manufacturer Thales Alenia Space had determined during pre-launch activities that the second launch, scheduled for mid-May, be delayed ¢ Globalstar is working closely with Thales Alenia Space
Slide 8: Space Segment - Constellation Update (Launch One)
Space Segment - Constellation Update Globalstar Launch One ¢ First launch was successfully conducted on October 19, 2010 « Globalstar orbited six new second-generation constellation satellites using Arianespace’s highly reliable Soyuz launch vehicle « All six satellites have been raised to an operat
Slide 9: Space Segment - Second-Generation Constellation
Space Segment - Second-Generation Constellation Globalstar 2 Satellites *« The new second-generation satellites have a design life of 15 years; therefore the new satellites are expected to secure the Globalstar space segment beyond 2025 « New satellites are fully compatible with Globalstar’s current
Slide 10: Income Statement Review
Income Statement Review Q1 2010 vs QI 2011 (8 in 000s) Quarterly Period Ending: Revenue March 2010 Service Revenue $ 12,454 Equipment Revenue 3,117 Total Revenue $ 15,571 Operating Expenses Cost of Services 8 7,618 8 7,061 Cost of Subscriber Equipment 2,512 2,874 Marketing, General & Administrative
Slide 11: Finance Review: Liquidity - March 2011
Finance Review Liquidity — March 2011 (3 in millions) Liquidity 2010 Ending Cash Balance $ 8 COFACE Availability 15 Contingent Equity 60 Total $ 83 1st 24 Satellites Capital Expenditures Thales Alenia - Second Generation Satellites $ 15 Arianespace Launch Services 14 Launch Insurance 28 Other Capita
Slide 12: Key Strategy Initiatives
Key Strategy Initiatives Complete Construction, Launch and Orbit-Raising of 1% 24 Second Generation Satellites im Complete Licensing Process — Complete French registration process and obtain effective permanent U.S. ground license. im Complete Launch Program — Launch program, consisting of 3 remaini
Slide 13: Globalstar: Launching the Future
Globalstar Launching the Future GlobalStar*
Slide 14: Exhibit One — Definition of Terms and Reconciliation of Non-GAAP Financial Measures
Exhibit One — Definition of Terms and Reconciliation of Non-GAAP Financial Measures We utilize certain financial measures that are widely used in the telecommunications industry and are not calculated based on GAAP. A reconciliation of these measures to GAAP and a discussion of certain other operati
Slide 15: Exhibit One — Definition of Terms and Reconciliation of Non-GAAP Financial Measures (Notes)
Exhibit One — Definition of Terms and Reconciliation of Non-GAAP Financial Measures NOTES 1. EBITDA represents eamings before interest, income taxes, depreciation, amortization, accretion and derivative gains/(losses). EBITDA does not represent and should not be considered as an alternative to GAAP