Space42 Plc · ADX:SPACE42
Space42 — Investor Day (November 2025)
70 slides from Space42's investor day presentation, Nov 25, 2025
Slide 1: Investor Day
INVESTOR DAY November 25, 2025
Slide 2: Presenters
Presenters Karim Michel Sabbagh Hasan Al Hosani Ali Al Hashemi Andrew Cole Managing Director Chief Executive Officer Chief Executive Officer Chief Financial Officer Smart Solutions Space Services William Ricard Viktor Stoyanov Adnan Al Mheiri Dr. Prashanth Marpu Vice President Chief Operating Office
Slide 3: Agenda
10:00 - 10:15 Intersection of SatCom, Geospatial and AI Agenda 10:15 - 10:30 Growth strategy 10:30 - 10:45 Pillar 1: Preferred partner for premium geospatial data 10:45 - 11:00 Pillar 2: Global leader in GeoInt AI platform and services 11:00 - 11:15 Pillar 3: Global NTN leader 11:15 - 11:30 Pillar 4
Slide 4: Space42: Intersection of SatCom, Geospatial and AI
Space42: Intersection of SatCom, Geospatial and AI Karim Michel Sabbagh Managing Director
Slide 5: Enlighten the Earth from Space
Enlighten the Earth from Space 1 Pioneering platform – optimizing unification of SatCom, Geospatial, and AI Single, integrated stack unifying efficiently Space and ground operations, delivering secure communication and transforming d ata into real-time insights at scale across missions and markets 2
Slide 6: Strategic Pillars of SatCom, Geospatial, and AI (1/2)
1 Pioneering platform – optimizing unification Strategic Pillars of SatCom, Geospatial, and AI (1/2) 1 Preferred partner for premium geospatial data Global leader in GeoInt AI platform 2 SGAI-powered innovation and services (Satcom + geospatial + AI) 3 Global NTN leader Two-engine model: Space Servi
Slide 7: Pioneering platform of SatCom, Geospatial, and AI (2/2)
1 Pioneering platform – optimizing unification of SatCom, Geospatial, and AI (2/2) Geostationary Al Yah 1–3 Thuraya-2 & -3 Thuraya-4 Al Yah 4-5(1) 6 Orbit (GEO) Satellites AI Multi-intelligence Platform Satellites in (36,000 km above Earth) orbit and two Integrated for SatCom a nd Ge ospati al in pi
Slide 8: Strategy-based transformation
2 Strategy-based transformation From opportunistic approach on EO, advanced technology with … to GeoInt capabilities enabling programmatic engagement Smart Solutions and legacy SatCom with Space Services… of AI opportunities, next-gen broadband and D2D Smart Operations Smart Space Smart Mobility Sma
Slide 9: Operating in double-digit growth markets
3 Operating in double-digit growth markets 2024 Global Market Size1 CAGR 2024-20301 Space Services Market size 2024: USD 14Bn • Secure satellite communications Space Services MSS and D2D with long-term government 20% CAGR (2024-2030) 29% contract services • Leading, strategically placed player Dual-
Slide 10: Executing on ambitious strategy
4 Executing on ambitious strategy Major milestones in first year Strategic Pillars Preferred partner for premium geospatial data Foresight constellation 1 • Established commercial SAR EO satellite AIT facility, unlocking sovereign production and scalable global sales • Five Foresight satellites laun
Slide 11: Scaling up globally and commercially from UAE national-champion base
5 Scaling up globally and commercially from UAE national- champion base Today By 2030 UAE national champion with long-term government Solid government and local revenue base while contracts providing stable outlook commercializing and expanding internationally Government 81% Commercial 19% Governmen
Slide 12: Growth strategy
Growth strategy William Ricard Vice President - Strategy
Slide 13: Strategic pillars: translating vision into reality
Strategic pillars: translating vision into reality Core pillars and sectorial priority will secure sustainable long-term growth Preferred partner for premium geospatial data VERTICALIZED SOLUTIONS 1 Build tier-1 sovereign multi-sensor EO assets and capabilities Sectorial Priority Autonomous Mobility
Slide 14: Preferred partner for premium geospatial data
1 Preferred partner for premium geospatial data Global EO data market forecast1 (2024 – 2030) USD Bn Space42 multi-platform and multi-sensor strategy CAGR (2024-2030) 2.7 i Foresight program (SAR) +8% 2.6 2.4 Sovereign UAE satellite Assembly Integration and Testing (AIT) 2.3 2.1 1.9 1.6 4% 1.8 1.5 O
Slide 15: Global leader in GeoInt AI platform and services
2 Global leader in GeoInt AI platform and services Global EO data processing, mapping Data acquisition CAGR (2024-2030) and AI-enabled analytics market 6.7 forecast1 (2024 – 2030) 6.1 USD Bn +9% 5.6 Space42 in-house Third party Non-imagery 7% sensors imagery data 5.1 4.6 Mapping 3.8 4.3 products 4.0
Slide 16: Global NTN leader
3 Global NTN leader 14.2 CAGR Global D2D, IoT and MSS (2024-2030) + commercial market forecast1 x (2024 – 2030) USD Bn 9.5 +29% 56% Phased deployment approach with commercial roll- 11.1 D2D and IoT out targeted within 3 years fully 3GPP standardized 5.6 6.7 4.3 3.4 3.8 3.0 3.1 1.7 1.0 1.3 5% 0.8 3.1
Slide 17: Trusted leader in secure connectivity solution
Space42 broadband 4 Trusted leader in secure multi-orbit strategy connectivity solution Global GEO and LEO dual-use CAGR GEO connectivity services market (2024-2030) • Core robust and highly secured AY4 and AY5 forecast1 (2024 – 2030) 28.1 communication • Spectrum protection USD Bn 24.4 +17% 21.2 27
Slide 18: Sectorial priority: Regional leader in autonomous mobility
Sectorial priority: Regional leader Autonomous mobility in autonomous mobility ecosystem Global autonomous vehicle and technology services market CAGR forecast1 (2024 – 2030) 150.8 (2024-2030) USD Bn Space42 assets +23% 123.6 20 8 4 3 101.3 83.1 22% 135.0 Technology 68.2 and services Charging Robo T
Slide 19: Pillar 1: Preferred partner for premium geospatial data
Pillar 1: Preferred partner for premium geospatial data Hasan Al Hosani Chief Executive Officer Smart Solutions
Slide 20: Pillar 1: Preferred partner for premium geospatial data
Pillar 1: Preferred partner for premium geospatial data • Build and commercialize world-class multi-sensor Earth Observation 1 Objective capabilities • Established SAR EO satellite AIT facility, unlocking sovereign production and scalable global sales 2 Progress • Five Foresight satellites launched,
Slide 21: Preferred partner for premium geospatial data
1 Preferred partner for premium geospatial data Design, deploy, and operate globally distributed multi-sensor constellation for commercial and government customers, while building in-country AIT and mission-operations capabilities to ensure sovereign know-how Foresight constellation Strategic plan o
Slide 22: Five Foresight satellites launched
2 Five Foresight satellites launched Three AITed in Space Systems Key milestones in 2025 JAN Second phase of Foresight Constellation deployed Proposition Space42 and FADA (EDGE) sign MOU to form Establish national champion to create an all- FEB JV creating comprehensive EO ecosystem in UAE inclusive
Slide 23: Space Systems, region's first EO satellite AIT facility
2 Space Systems, region’s first EO satellite AIT facility Space Systems Facility Drive Foresight constellation assembly and testing (Foresight-3 onwards) Support local satellite programs and foster satellite equipment exports Control room Strengthen satellite production capabilities Develop and reta
Slide 24: Revenue streams and go-to-market strategy
3 Revenue streams and go-to-market strategy 1 B2G and G2G engagements with friendly nations Selling SAR imagery SAR imagery directly to Governments 2 B2B - leveraging global distributors and resellers SAR imagery sales SAR imagery (directly and through GIQ platform) Leveraging synergies with Deliver
Slide 25: Pillar 2: Global leader in GeoInt AI platform and services
Pillar 2: Global leader in GeoInt AI platform and services Dr. Prashanth Marpu Chief Technology Officer Smart Solutions
Slide 26: Pillar 2: Global leader in GeoInt AI platform and services
Pillar 2: Global leader in GeoInt AI platform and services • Build world's leading AI-native geospatial intelligence platform with richest 1 Objective marketplace offering data acquisition and sector-specific analytics applications • GIQ platform launched on Microsoft Azure 2 Progress • Significant
Slide 27: Global AI-powered geospatial platform
1 Global AI-powered geospatial platform Build AI-powered geo-intelligence platform that pairs imagery marketplace with app marketplace to deliver insights at scale, complemented by GIX, sovereign, deployable government edition Key offerings Data acquisition Data management Streamlined acquisition of
Slide 28: GIQ on Microsoft Azure marketplace
2 GIQ on Microsoft Azure marketplace Deep-dive Key milestones in 2025 Space42 and FADA partnered to provide real-time FEB geospatial insights for defense, security and Version for military purposes offering secure on-premises environmental applications air-gapped instance with customizable out-of-th
Slide 29: Space42-led initiative in partnership with ESRI and Microsoft
2 Space42-led initiative in partnership with ESRI and Microsoft Enabling high-resolution mapping capabilities across all 54 African countries Led by Governance To be supported by global consortium Partners Government Bodies Development Bodies Stakeholders 54 30Mn >1.4Bn Scale Square African Countrie
Slide 30: From projects to products
3 From projects to products Global commercialization of industry solutions Business model B2C B2B B2G • GIQ on Microsoft Azure marketplace • Present GIQ to targeted customers, • Present GIQ to friendly nations’ government • Expanding customer base through leveraging existing networks entities, inclu
Slide 31: Pillar 3: Global NTN leader
Pillar 3: Global NTN leader Adnan Al Mheiri Chief Technology Officer Space Services
Slide 32: Pillar 3: Global NTN leader
Pillar 3: Global NTN leader • Deliver neutral, 3GPP-compliant D2D infrastructure that extends connectivity 1 Objective beyond terrestrial reach via trusted, open, shared platform, enabling continuous global 5G coverage • Launched Thuraya 4 to expand MSS L-band capacity and coverage 2 Progress • Equa
Slide 33: Largest coordinated spectrum provider for global D2D services
1 Largest coordinated spectrum provider for global D2D services Extend national 5G coverage via Equatys’ standards-aligned D2D layer and partner-shared space-cellular network, scaling globally with MNO and OEM partners Objectives Largest coordinated D2D spectrum Business accelerator to Space42 Aggre
Slide 34: Thuraya-4 launched and operational
2 Thuraya-4 launched and operational Launched in 2025 T2 L-Band Coverage • Among largest MSS communication satellites ever produced T4 Extended Coverage • Provides secure capacity, faster speed and wider coverage • Enables new IoT applications and advanced data solutions • Satellite operational • Ov
Slide 35: Thuraya-4 and Equatys with Viasat to fast-track D2D
2 Thuraya-4 and Equatys with Viasat to fast-track D2D Thuraya-4 bridge to D2D Equatys: Enabling global D2D GEO satellites SMS Voice Cell towers (terrestrial) NTN TN Convergence 5G / 3GPP Standards CAPABILITIES CAPABILITIES • Proprietary satellite phone (Thuraya One) • Standard phones, IoT devices an
Slide 36: Equatys in a nutshell (1/2)
2 Equatys in a nutshell (1/2) x Announcement of Equatys, in partnership with Viasat, to deliver Direct-to-Device future space system Phased deployment approach with commercial Business Neutral wholesale “Space TowerCo” - shared roll-out targeted within 3 years Model and scalable multi-tenant infrast
Slide 37: Equatys in a nutshell (2/2)
2 Equatys in a nutshell (2/2) Smart Capital, Scalable Returns SPACE42 L-BAND SPECTRUM • Accretive investment in Equatys as co-founder, with capital commitment comparable to GEO-like mission investment and return i.e., double digit IRR Spectrum Synergy, Global Reach • Unprecedented value enhancer of
Slide 38: Equatys go-to-market
3 Equatys go-to-market Satellite Satellite Service Retail partners, OEMs & MNOs End-users Infrastructure Providers (SSP) MNOs Consumer smartphone Direct comms from satellites to standard phones Wholesale capacity acquisition Upstream Downstream Satellite Service Providers OEMs IoT Wholesale capacity
Slide 39: Pillar 4: Trusted leader in secure connectivity
Pillar 4: Trusted leader in secure connectivity Ali Al Hashemi Chief Executive Officer Space Services
Slide 40: Pillar 4: Trusted leader in secure connectivity
Pillar 4: Trusted leader in secure connectivity • Delivering secure communications to UAE government, while adding 1 Objective sovereign low-latency NGSO via partnerships • Signed USD 5.1Bn, 17-year UAE government contract, USD 300 Mn annual revenue starting Q4 2026; USD 0.7Bn ECA-financing secured
Slide 41: Enhance leadership position as secure connectivity solution provider
1 Enhance leadership position as secure connectivity solution provider Support multi-orbit strategy for UAE government and others by combining secure, wide-area coverage of GEO systems with low-latency, global reach of LEO constellation GEO LEO Al Yah 4 and Al Yah 5 – continuation and enhancement of
Slide 42: AY4 and AY5 on track
2 AY4 and AY5 on track Next-gen GEO capacity with revenue visibility from Q4 2026 onwards Al Yah 4 and Al Yah 5 program on track • Next-gen GEO satellites reinforce leadership position in secure connectivity • PDR completed and CDR in advanced stages • Signed USD 0.7Bn ECA-backed financing facility
Slide 43: LEO partnership under formulation
2 LEO partnership under formulation Space42 can leverage global Partner constellation network of space and ground 3rd assets 3rd Global partner gateways 3rd Partner control Sovereign gateway Fixed terminals in UAE fixed terminals UAE abroad Link path Sovereign ground Mobile terminals in UAE mobile t
Slide 44: Space42 multi-orbit strategy commercialization
3 Space42 multi-orbit strategy commercialization 1 Top priority: UAE Government Geographical focus in-country and across globe Maritime Land Air Fixed Portable 2 Adjacent market: Commercial International LEO Geographical focus: UAE, plus high priority countries in MEA operator and Asia Corporate Bac
Slide 45: Q&A and Coffee break
Q&A and Coffee break
Slide 46: Sectorial priority: Autonomous Mobility
Sectorial priority: Autonomous Mobility Viktor Stoyanov Chief Operating Officer Smart Solutions
Slide 47: Sectorial Priority: regional leader in Autonomous Mobility
Sectorial Priority: regional leader in Autonomous Mobility • Advance autonomous mobility technology development through global 1 Objective partnerships, delivering advanced solutions for diverse use cases • Partnered with A2Z to deliver MENA’s first capability to convert existing vehicles into auton
Slide 48: Power future of mobility for governments and enterprises
1 Power future of mobility for governments and enterprises Advance autonomous mobility technological development through global partnerships and investments, meeting market demand by providing advanced solutions for diversified use cases Leverages AI to learn from historical driving data, Space42 co
Slide 49: Pioneering smart mobility in UAE
2 Pioneering smart mobility in UAE Assets 20 8 4 3 Charging Service Robo Taxi Fleet Robo Minibuses ART Fleet Highlights Zero > 600,000 km c.20,000 120 Accidents since November 2021 Total autonomous mileage Total number of trips Media entities featured our mobility solutions 1st 1st 1st 1st Largest A
Slide 50: Space42 and Autonomous A2Z launch JV for Level-4 mobility in UAE
2 Space42 and Autonomous A2Z launch JV to accelerate Level-4 autonomous mobility in UAE Strategic Objectives Leader in sales of AVs, retrofitting Supporting national mobility goals, such vehicles, AV O&M, vehicle-to-everything as achieving 25% autonomous (V2X) infrastructure and consulting transport
Slide 51: Leveraging capabilities and partnerships to deliver autonomous mobility solutions
3 Leveraging capabilities and partnerships to deliver autonomous mobility solutions across sectors B2G Government Solutions B2B Mobility Core Technologies Deliver autonomous mobility and transportation system Develop mobility cloud with Microsoft As Level-4 autonomy advances, solutions to government
Slide 52: Financial profile
Financial profile Andrew Cole Chief Financial Officer
Slide 53: Financial framework built on three pillars
Financial framework built on three pillars Capitalize on superior standalone and merged SGAI services and pursue profitable growth Vision opportunities, leading to increased company valuation Organic Growth 1 Inorganic Growth 2 Returns Maximization 3 Strategic Scalability, value-chain expansion Cash
Slide 54: Optimize and grow stronger
Optimize and grow stronger 9M 2024 vs 9M 2025 Operating improvements # Headcount1 705 657 Streamlined Governance structure Board, Internal Audit, External Auditor, AGM Staff costs2 -19% Technology optimization and integration One SAR and GEO satellite operations team and common IT platform Marketing
Slide 55: Strong balance sheet and backlog
Strong balance sheet and backlog Organic growth from 2026 onwards 9M 2025 Pro-forma financial highlights1 9M 2024 9M 2025 1 Revenue USD 428Mn USD 363Mn -15% 2 Normalized EBITDA USD 202Mn USD 158Mn -22% 3 Normalized EBITDA margin 47% 44% -3pp 4 Normalized Net profit USD 94Mn USD 61Mn -35% 5 Normalize
Slide 56: Financial highlights - 9M 2025
Financial highlights - 9M 2025 Resilient financial performance during Revenue shortfall reflects on-going strategic and operational transition period with revenue shortfall transformation of Smart Solutions whilst Space Services accelerates, partially offset by lower cost base growing by 11% quarter
Slide 57: Laying foundation for sustainable growth
Laying foundation for sustainable growth Revenue by business unit +22% -15% 136 428 111 363 15% 18% 298 111 307 100 9 M’25 Q3’25 130 85% 82% 55 25 11 9 M’24 9 M’25 Q2’25 Q3’25 Space Services Smart Solutions • Revenue shortfall reflects transformation of Smart Solutions as it refocuses on programmati
Slide 58: Growth supported by significant organic investment
Growth supported by significant organic investment Projected CapEx and Investment of USD 1.7Bn over next five years to support growth CapEx and Investment roll-out 2026-2030 CapEx and Investment by program 824 79 14% 17 48 31 2% 33% 515 9% 48 11 420 45 30 7% 180 199 38 45 228 200 5 71 84 35% 110 38
Slide 59: Future contracted revenue – Space42
Future contracted revenue – Space42 USD 6.7Bn of contracted revenues provide visibility over future cash flows 94% of cumulative contracted revenue relates to Space Services 5,111 6,677 5,028 416 83 366 441 49 6,249 Of which: AY 4&5 – USD 5.1Bn 373 CSA - USD 0.3Bn T4 - USD 0.8Bn O&M: USD 0.5Bn 512 6
Slide 60: Strong balance sheet
Strong balance sheet Balance sheet extracts 9 M’25 FY’24 9M YTD Δ Fixed Assets 872 546 60% 325 Capital work in progress 681 903 (25%) (221) • Equity increased over 9-month period by USD 41Mn Goodwill 568 568 - - • Decrease in CWIP relates to commencement of Cash and short term deposits 755 1,163 (35
Slide 61: Leverage – Space42
Leverage – Space42 -40 • Leverage ratio (incl. advances) calculated as Net Debt / Last Twelve-Month EBITDA • Second tranche of Al Yah 4 and Al Yah 5 advance -0.1x payment (USD 300Mn) received in October -418 • Leverage ratio of -1.7x, well below covenant -489 -479 threshold of 3x is unique amongst i
Slide 62: Returns maximization
Returns maximization Approach to Finance Decisions Financial Framework is focused on returns: Key component of Space42 Financial Framework is focused on returns: how we will make How we make finance decisions and deploy financial and decisions and ultimately deploy capital will be presented on follo
Slide 63: Approach to finance decisions
Approach to finance decisions Optimal capital structure to be refined and aligned to growth ambitions Subject Approach • Strong operating cash flow with cash conversion above 80% • Existing debt facilities of over USD 300Mn across two instruments Primary sources of cash • Undrawn facility of USD 695
Slide 64: Debt maturity profile
Debt maturity profile Attractive tenors and low all-in cost of financing Existing facilities 390 • Term Loan 5 to be fully repaid by 2026 • T4 ECA facility outstanding balance of USD 222.5Mn, repayment started in December 110 2024 and runs until 2032 • USD 250Mn Bridge loan fully repaid in January 3
Slide 65: Approach to investment decisions
Approach to investment decisions IRR metrics are applied when assessing large infrastructure investment cases Metric Pros Cons • Direct reflection of value to business • Requires business risk adjusted discount rate • Relevant for both SPA and Net Present • Allowing for evolving discount rates • Les
Slide 66: Financial profile to evolve significantly
Financial profile to evolve significantly Strategic priorities to shape a resilient financial future 2024 Medium-term ambition More than 2x revenue by end of decade Revenue of USD 629Mn Grow • Both Space Services and Smart Solutions projected to achieve double digit CAGR EBITDA margin of c.50% Susta
Slide 67: Q&A and Product Demos
Q&A and Product Demos
Slide 68: Space42.ai
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Slide 69: Acronyms
Acronyms Acronym Full Definition Acronym Full Definition Acronym Full Definition Acronym Full Definition 3GPP 3G Partnership Project EMEA Europe, Middle East, and Africa MoD Ministry of Defense SSP Satellite Service Provider EO Earth Observation ADIO Abu Dhabi Investment Office MoU Memorandum of Und
Slide 70: Disclaimer
Disclaimer This presentation has been prepared by Space42 Plc ("Company"). Space42 does not represent or warrant accuracy or completeness of information contained in this presentation. This presentation does not contain all information that is or may be considered material. This presentation does no