Unibap Space Solutions Ab · OMXSTO:UNIBAP

Unibap Space Solutions Ab — Q4 2024 Earnings Presentation

27 slides from Unibap Space Solutions Ab's earnings presentation, Feb 5, 2025

  1. Slide 1: 80% growth in 2024 - Unibap Q4 report

    ”80% growth in 2024” Unibap Q4 report 2025-02-06

  2. Slide 2: Important information

    Important information This presentation is for general information purposes only. The information does not constitute legal, tax, or investment advice. Trading in securities always entails a risk. Historical returns are not a guarantee of future returns. An investment in securities can increase or d

  3. Slide 3: Today's presenters

    Today’s presenters Johan Åman CEO Emil Rönnbäck CFO © Unibap 2025 3

  4. Slide 4: Financials Highlights Defense and US expansion Ambitions

    01 Financials 02 Highlights 03 Defense and US expansion 04 Ambitions © Unibap 2025 4

  5. Slide 5: Financial highlights

    Financial highlights Net revenue (kSEK) EBIT (kSEK) Cash flow from current operations 20 000 20 000 (kSEK) 10 000 100 000 +80% 10 000 90 000 0 80 000 -10 000 0 70 000 60 000 -20 000 -10 000 50 000 -20 000 40 000 -30 000 30 000 -40 000 -30 000 20 000 10 000 -50 000 -40 000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q

  6. Slide 6: Financial highlights

    Financial highlights Net of Captialized work and EBITDAC* (kSEK) Depreciation (kSEK) 10 000 9000 0 7000 -10 000 5000 -20 000 3000 -30 000 1000 -40 000 -1000 -50 000 -3000 -60 000 -5000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2022 2023 Capitalized work for own account Depreciation N

  7. Slide 7: Financials Highlights Defense and US expansion Ambitions

    01 Financials 02 Highlights 03 Defense and US expansion 04 Ambitions © Unibap 2024 7

  8. Slide 8: Highlights

    Highlights During quarter Summary: • 99.1% of the warrants of series 2023/2024 (TO 3) were exercised • Follow-order from Moog Space and Defence Group for 2.9 MUSD • First stand-alone SW constellation order • Order from Korean company Contec Space Optics for iX10 solution Read all press releases on h

  9. Slide 9: Orders, Deliveries and Launches

    Orders, Deliveries and Launches Q7 COMPUTE BOARDS 2024 ORDER STATISTICS In space: >50 units launched in 2016-2023 Statistics based on # of units iX5 & iX10 Delivered: 79 units between 2020-2024 – 24 Engineering Models (EMs) – 55 Flight Models (FMs) In space: 9 units of iX5 – first flight for iX10 in

  10. Slide 10: Financials Highlights Defense and US expansion Ambitions

    01 Financials 02 Highlights 03 Defense and US expansion 04 Ambitions © Unibap 2025 10

  11. Slide 11: Commercial Defense use case

    COMMERCIAL DEFENSE Earth observation USE CASE Surveillance Maximized asset High-resolution utilization CHALLENGE sensors Less value Increased latency Software Real-time defined SOLUTION intelligence satellites from space Refined downlink data, wider customers base & Direct tasking & distribution con

  12. Slide 12: Unibap's novel solution

    Unibap’s novel solution Cognitive spacecraft Real-time insights Software-defined missions Autonomous operation AI/ML on-board Edge Computing in Space High-performance computing Space resilient Easy-to-use software Terrestrial components & working methods © Unibap 2025 12

  13. Slide 13: Our European constellation customer: IRIDE

    Our European constellation customer: IRIDE HEO – Argotec – Civilian / Commercial • Unibap is part of the Italian IRIDE HEO constellation • Up to 40 Argotec Hawk satellites in LEO • 2 h revisit time • Hyperspectral payload • 3 m resolution • Unibap contributes: • Unibap iX5-106 edge computer • Unibap

  14. Slide 14: IRIDE HEO - Argotec

    IRIDE HEO - Argotec Edge computing opportunities on IRIDE • Compression and condensation of gathered information • Longer sensor uptime before filling storage/downlink • Increased sensor utilization • Larger land-coverage per orbit • Software defined missions • Multiple users per satellite Up to 40x

  15. Slide 15: Defense: From High latency to Real-time

    Defense: From High latency to Real-time STRATEGIC OPERATIONAL TACTICAL National policy, Campaigns, Battles, Theater strategy Major operations Small units Ship to Ship Transfer Infrastructure Monitoring Port Monitoring Vessel Detection & Analysis Paranal Observatory, Chile Severmorosk, Russia Dinghai

  16. Slide 16: Defence projects

    Defence projects © Unibap 2025 16

  17. Slide 17: Real-time Emergency response

    Real-time Emergency response • TRADITIONAL: Imaging mode #1 • Low resolution VIS used to look for signs of forest fires © Unibap 2025 17

  18. Slide 18: Real-time Emergency response

    Real-time Emergency response • Imaging mode #1 • Low resolution VIS used to look for signs of forest fires • COGNITIVE: Detection triggers high resolution sensors • MULTI-SENSOR: Imaging mode #2 • High resolution VIS and IR cameras are used to identify the active foci of the fire © Unibap 2025 18

  19. Slide 19: Real-time Emergency response

    Real-time Emergency response • Imaging mode #1 • Low resolution VIS used to look for signs of forest fires • Detection triggers high resolution sensors • Imaging mode #2 • High resolution VIS and IR cameras are used to identify the active foci of the fire • ADVANCED SENSOR: Imaging mode #3 • SAR rad

  20. Slide 20: Real-time Emergency response

    Real-time Emergency response • Raw data: • Type: Disperse and difficult-to- interpret raw data • Size: >100 GB • Latency: Hours to days to downlink • Downlink: • Type: Map polygons of active fire foci. Coordinates of buildings and vehicles in the risk area. • Size: ~100 kB • Latency: Seconds over Re

  21. Slide 21: Bifrost - On-orbit AI surveillance

    Bifrost - On-orbit AI surveillance Satellite modem AI app for object for low-latency detection and downlink analysis Edge computer for data preprocessing and AI inference Multispectral Radio receiver for camera for Earth signal tracking & observation reconnaissance © Unibap 2024 21

  22. Slide 22: The new Space Race

    The new Space Race 35,0 • Space Development Agency (SDA) 30,0 Budget [billion USD] • US Space Force’s tech development agency 25,0 20,0 • E.g., hypersonic missile tracking from space 15,0 • 100 satellites per year 10,0 5,0 0,0 US Space Force NASA ESA VC investment SNSA • Disruptive procurement proce

  23. Slide 23: The new Space Race

    The new Space Race Unibap order statistics 2024 • Space Development Agency (SDA) • US Space Force’s tech development agency • E.g., hypersonic missile tracking from space • 100 satellites per year US Commercial Constellations Europe Defence Platforms Japan & South Korea Governmental Single missions

  24. Slide 24: US go-to-market

    US go-to-market USA MEO / GEO / Lunar / Human RadHard Moog Tech license Driver: “Traditional” Cost, Performance, Innovation and Tempo LEO Defence US leading the way Moog Unibap content Hybrid Sales coverage Unibap Customer intimacy Driver: Reliability and Trust “Non-traditional” Product development

  25. Slide 25: US organization and plans

    US organization and plans • Unibap Space Solutions LLC established as operating entity in the US from Jan 2025 • Located in Denver, Colorado • First employee – starting Feb 17 • During 2025, we expect to expand our organization in the US • Continued support from Sweden • Cost for 2025: 10-15 MSEK ©

  26. Slide 26: Financials Highlights Market overview Ambitions

    01 Financials 02 Highlights 03 Market overview 04 Ambitions © Unibap 2025 26

  27. Slide 27: Ambitions in 2025

    Ambitions in 2025 • TECHNOLOGY MATURITY • BUSINESS DEVELOPMENT • More than 30 launches planned • Capture Qualification Projects • First stand-alone SW in space • Convert into Constellation Projects • Reach TRL9 for iX10 • Expand US operations • OPERATIONAL READINESS • FINANCIAL IMPROVEMENT • Build r

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