Momentus Inc. · NASDAQ:MNTS
Momentus — Stable Road Acquisition — SPAC Merger (May 2021)
25 slides from Momentus's SPAC merger presentation, May 5, 2021
Slide 1: Shareholders: Your Vote Is Needed
SSRAC S SHAREHOLDERS © ~». your vore “IS NEEDED ~~ “<x Copyright 2021 Noments ne Not xport Controle. ay usb bro Sofausbuion EE thou the express concentof Moments ict probed
Slide 2: Disclaimer and Cautionary Note Regarding Forward-Looking Statements
Disclaimer and Cautionary Note Regarding Forward-Looking Statements ‘This Presentation relates to the potential business combination (the “Proposed Transaction”) between Stable Road Acquistion Corp. (“Stable Road") and Momentus Ine. ("Momentus") This Presentation shall not constitute a “solicitation
Slide 3: Disclaimer and Cautionary Note Regarding Forward-Looking Statements (Cont'd)
Disclaimer and Cautionary Note Regarding Forward-Looking Statements (Cont'd) ‘The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Act. Accordingly, such information and data may not be included in, may be adjuste
Slide 4: Disclaimer and Cautionary Note Regarding Forward-Looking Statements (Cont'd)
Disclaimer and Cautionary Note Regarding Forward-Looking Statements (Cont'd) Forward Looking Statements ‘This Presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, Forward-looking s
Slide 5: Momentus at a Glance
MOMENTUS AT A GLANCE COMPANY OVERVIEW "= FIRST MOVER IN OFFERING IN-SPACE TRANSPORTATION AND KEY 8 pt JADE RBC INFRASTRUCTURE SERVICES 2 SPACE Mar oe [ J — SPAGE TRANSPORTATION — first hub and spoke model for space = EET ART NEROUE i BACE ROBTCR: SLOG Sati AH transport, providing last mile delivery
Slide 6: Holistic In-Space Infrastructure Services
HOLISTIC IN-SPACE INFRASTRUCTURE SERVICES LONG-TERM Energy & Data Processing reduction for in-sp: LONG-TERM A ans hr ees Manufacturing Developing and operating extremely : & Assembly capab nd power) space Building ext rge next ‘platforms, which cat tion structu t transfer cargo in space could only e
Slide 7: Hub and Spoke Model
HUB AND SPOKE MODEL Momentus makes access to space significantly more affordable by combining rideshare launch with low-cost last mile delivery. Arriving in space atop large reusable rockets like the Falcon 9, our transfer vehicles will carry customers' satellites to very specific, custom orbits. Af
Slide 8: without the express consent of Momentus isstrictly prohibited. 5
Copyright 2021. omentus In. Not Export Controle. Any use, reproduction, or stibution without the express consent of Momentus isstrictly prohibited. 5
Slide 9: Low-Cost & Modular Approach Hosted Payload
LOW-COST & MODULAR APPROACH HOSTED PAYLOAD Our transfer vehicles are designed to move customers’ payloads to a specific orbit and stay % z connected to provide continual power, orbit keeping, orientation and communication for the mission duration
Slide 10: Capabilities for Entire Range of In-Orbit Services
CAPABILITIES FOR ENTIRE RANGE OF IN-ORBIT SERVICES Next-generation Momentus reusable vehicles will be capable of performing proximity maneuvers, docking and refueling, and equipped with robotic arms. They are anticipated to be well-suited for the entire range of in-orbit services. KSI)
Slide 11: tion, or distribution
tion, or distribution i? fhbititate PdPbitiie it By 2028 *NSR Global Satelite Manufacturing and Launch Markets, 10th Edion
Slide 12: Rockets Are Getting Bigger and Cheaper
perky Falcon-9 2010 16,000 kg New Glenn? 2022 45,000 kg, Starship 2022 150,000 kg ROCKETS ARE GETTING BIGGER AND CHEAPER
Slide 13: Rapid Short-Term Growth
RAPID SHORT-TERM GROWTH Smallsat to LEO TAM, ($M) Smallsat Mass to LEO, (kg) 1,500 150,000 1,000 100,000 500 50,000 0 t) 2018 2020 2022 2024 2018 2020 2022 2024 TAM and launched mass calculated based on data from The number of launched smallsats (mass < 500 kg) grew 3X over the last four NSR’s Small
Slide 14: Vehicle Roadmap Addresses All Markets
VEHICLE ROADMAP ADDRESSES ALL MARKETS 2021 VIGORIDE Capabilities! Up to 750 kg. Orbits LEO Host Power Available Up to 1 kW Delta-V Up to 2 km/sec Space Transportation TAM Forecast $1.58? 2023 ARDORIDE FERVORIDE ~~ 2025 Up to 4,000 kg. Up to 20,000 kg. LEO/MEO/GEO/HEO MEO/GEO/HEO/Lunar Lunar, Deep Sp
Slide 15: Cornerstone Water Propulsion
CORNERSTONE WATER PROPULSION INNOVATION Our propulsion is built ground-up to be low-cost, efficient, low-risk, safe, easy to refuel, reusable and scalable The use of Microwave Electrothermal (MET) technology is the cornerstone of our service offerings Throttleable + Can vary thrust and ISP to optimi
Slide 16: Key Subsystems Development and Tests
KEY SUBSYSTEMS DEVELOPMENT AND TESTS ae VIBRATION / VACUUM PROPULSION ___AVIONICS __POWERSYSTEM STRUCTURE ‘TESTING —_ VIGORIDE V1.0 Developed and built Developed and built Developed and built Developed and built Tested, flight-ready Vigoride 1 Fs Flight units delivered, it il MGORIDE Va. Q Developed
Slide 17: Competitive Landscape
COMPETITIVE LANDSCAPE MOMENTUS OFFERS UNMATCHED PRICE AND CAPABILITIES (@ Potential competitors and year to market $150k $10 ‘$501 2024 vigoRIDE 2023 2025 2021 ARDORIDE FERVORIDE = gio .< 0 m/sec 2,500 m/sec 5,000 m/sec 10,000 m/sec Delta-V m/sec LEO LEO/MEO/HEO/Moon & Beyond | Aeretoas port Contale
Slide 18: Compatibility with Leading Launchers
COMPATIBILITY WITH LEADING LAUNCHERS SPACE>< BLUE ORIGIN @ sect Relatizity ©] bl Vigoride v v v v v Ardoride v v v Fervoride v v
Slide 19: Significant Customer Traction and Expected Demand
SIGNIFICANT CUSTOMER TRACTION AND EXPECTED DEMAND STRONG BACKLOG OF POTENTIAL REVENUE Significant momentum from rapidly expanding smallsat market seeking low cost and regular launch access to LEO = Customers include satellite operators, satellite manufacturers, launch providers, PRECIOUS. defense pr
Slide 20: Transaction Remains at a Meaningful Discount
TRANSACTION REMAINS AT A MEANINGFUL DISCOUNT (SINMILLIONS) Forecast @ 3/31/21 EBITDA (2025E) 956 @10X 10.0x Future EV 9,560 Discount 20.0% Discount Factor (Yrs) 3.75 Discounted Future EV 4,825 Transaction EV $1,200 Discount (75.1%)
Slide 21: Shareholders: Your Vote Is Needed
SSRAC S SHAREHOLDERS © ~». your vore “IS NEEDED ~~ “<x Copyright 2021 Noments ne Not xport Controle. ay usb bro Sofausbuion EE thou the express concentof Moments ict probed
Slide 22: Appendix
APPENDIX
Slide 23: Momentus Income Statement
MOMENTUS INCOME STATEMENT Service revenue Cost of revenue Gross toss Operating expenses: MOMENTUS INC. STATEMENTS OF OPERATIONS Research and development expenses Selling, general and administrative expenses Total operating expenses Loss from operations Other income (expense): Increase in far value o
Slide 24: Momentus Balance Sheet
MOMENTUS BALANCE SHEET December 31, 2020 December 31,2019 December 31,2020 December 31,2019 __ LIABILITIES AND STOCKHOLDERS (DEFICTD EQUITY con —v—— Accounts payable 1,862,668 695,610 : ‘Accrued expenses 3,063 880, 71464 (Current assets: Contract ibe, curent 1913734 : Cash and cash equivalents s 225
Slide 25: Forward-Looking Statements
* * * Forward-Looking Statements This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about the expected timing of the completion of the proposed business combination,