Globalstar, Inc. · NASDAQ:GSAT
Globalstar — Merger or Acquisition (April 2018)
11 slides from Globalstar's merger presentation, Apr 25, 2018
Slide 1: Creating a New Future for Globalstar
Creating a New Future for Globalstar April 25, 2018
Slide 2: Safe Harbor Language
Safe Harbor Language 2 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 subject to risks and unce
Slide 3: Additional Information
Additional Information 3 In connection with the proposed transaction, Globalstar will file materials with the SEC, including a joint proxy statement/prospectus. Investors are urged to read these materials when they become available because they will contain important information about Globalstar, Fi
Slide 4: Combination Summary
Combination Summary 4 Since inception in 1984, Thermo has invested in industries undergoing significant transitions In the coming years, the telecom sector will be in transition due to the shifting dynamics brought about by 5G This merger unites Thermo’s investments across the telecommunicatio
Slide 5: Globalstar's Satellite Business
$11.3 $16.9 $14.1 $20.5 $32.2 $0.0 $10.0 $20.0 $30.0 $40.0 2013 2014 2015 2016 2017 $82.7 $90.1 $90.5 $96.9 $112.7 $75.0 $85.0 $95.0 $105.0 $115.0 2013 2014 2015 2016 2017 Globalstar’s Satellite Business More than 5,000 Rescues Revenue Adjusted EBITDA (1) (in millions) (in millions) MSS Growth Drive
Slide 6: Global SpectrumCo
Global SpectrumCo Global SpectrumCo will concentrate on opportunities for the only globally uniform licensed spectrum position of this size in the world (1). Below are some of the current (S-band) and prospective use cases for Global SpectrumCo’s holdings. While the S-band in the U.S. offers the nea
Slide 7: FiberLight Overview
FiberLight Overview 7 Diversified Blue-Chip Customer Base with Broad-Based Growth 589 customers as of 12/31/17; $127 million of revenue and approximately $67 million in Adjusted EBITDA in 2017(1) Well-balanced and complementary revenues from Enterprises (313 customers), Carriers (143 customers),
Slide 8: Thermo Investments Overview
Thermo Investments Overview ● Initially, Thermo Investments will hold $100 million of cash, 15.5 million shares of CenturyLink stock currently valued at approximately $275 million and shares in Pivotal Commware and Orion Labs ̶ The CenturyLink shares are expected to provide an annual dividend of app
Slide 9: Summary: Thermo Companies Merger
Summary: Thermo Companies Merger creates a financially transformed company well positioned to drive significant shareholder value by deploying its satellite, fiber, spectrum and capital assets to deliver on the promise of future telecom networks Largely recurring revenue base from telecom customer
Slide 10: Annex A – Reconciliation of Globalstar Net Income (Loss) to Adjusted EBITDA
Annex A – Reconciliation Globalstar of Net Income (Loss) to Adjusted EBITDA 10 ($ in millions) 2013 2014 2015 2016 2017 Net Income (loss) ($591.1) ($462.9) $72.3 ($132.6) ($89.1) Interest income and expense, net 67.8 43.2 35.9 36.0 34.8 Derivative (gain) loss 306.0 286.0 (181.9) 41.5 (21.2) Income t
Slide 11: Annex B – Reconciliation of FiberLight Net Income to Adjusted EBITDA
Annex B – Reconciliation of FiberLight Net Income to Adjusted EBITDA 11 ($ in millions) 2017 Unaudited Net Income $21.8 Interest income and expense, net 6.6 Depreciation and amortization 37.4 EBITDA $65.8 Other 0.8 Adjusted EBITDA $66.7