Slide 1: Earnings Call Presentation Q3 2013
Earnings Call Presentation Q3 2013 November 13, 2013
Slide 2: Safe Harbor Language
Safe Harbor Language This press release 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
Slide 3: Globalstar has reached an Inflection Point
Globalstar has reached an Inflection Point… 2 Full Constellation Restoration New Product Rollouts … and is strategically poised for future growth & profitability FCC NPRM Released Financial Flexibility Through Refinancings All second - gen satellites have been placed into service Duplex service cove
Slide 4: Q3 2013 Financial Results Summary
Q3 2013 Financial Results Summary Revenue for Q3 2013 was $22.5 million vs. $20.5 million in Q3 2012, representing an increase of 10% Duplex service revenue was $6.2 million, representing a growth of 25% over Q3 2012; Duplex equipment sales increased over 80% during the same comparable periods Duple
Slide 5: Globalstar's Duplex Improvement
Globalstar’s Duplex Improvement 4 $15.35 $16.74 $18.95 $18.49 $19.24 $21.29 $24.50 $14.50 $16.50 $18.50 $20.50 $22.50 $24.50 $26.50 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 $4.2 $4.5 $5.0 $4.8 $4.8 $5.4 $6.2 $3.5 $4.0 $4.5 $5.0 $5.5 $6.0 $6.5 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2
Slide 6: Critical Mobile Satellite Services
Critical Mobile Satellite Services During Disasters Areas Outside Cellular Networks Asset Tracking / Low Cost Alternative to International Roaming Source: Adventure Tourism Market Report by George Washington University, Adventure Travel Trade Association, Xola Consulting, Informa Telecoms & Media. (
Slide 7: Broadening MSS Relevance with New Products
Broadening MSS Relevance with New Products 6 Products Launched Launching Tomorrow Upcoming New Products SPOT Global Phone SPOT Gen3 TM Small, lightweight, consumer - oriented satellite phone Leverages the brand equity of SPOT in the recreational and consumer marketplaces Portable device with a long
Slide 8: FCC's NPRM Highlights
FCC’s NPRM Highlights On November 1st, 2013, the FCC voted unanimously to release Globalstar’s requested NPRM to provide a “Wi - Fi like” service over 22 MHz of spectrum including Globalstar’s licensed MSS spectrum (2483.5 - 2495 MHz) and the adjacent ISM spectrum (2473 - 2483.5 MHz) 7 Recognizes Gl
Slide 9: Globalstar Value Drivers
Successfully launched three products in 2013 including SPOT Trace TM that will make its debut tomorrow; three additional products to be launched over the coming quarters 10,000 retail points of distribution and over 2,000 dealers / resellers / VARs New products designed to expand addressable market
Slide 10: Annex A – Reconciliation of Adjusted EBITDA
Annex A – Reconciliation of Adjusted EBITDA 9 ($ in millions) Q1 2011 Q2 2011 Q3 2011 Q4 2011 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 2012 Q1 2013 Q2 2013 Q3 2013 . Net loss ($6.5) ($14.1) ($0.7) ($33.7) ($54.9) ($24.5) ($27.5) ($41.2) ($19.0) ($112.2) ($25.1) ($126.3) ($205.0) Interest income and expe