Slide 1: Investor Presentation
Exhibit 99.2 Investor Presentation | March 21 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseExhibit 99.2 Investor Presentation | March 21 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary
Slide 2: Disclaimers and Other Important Information
Disclaimer DisclaimersandOther Important Information This investor presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Redwire, LLC an
Slide 3: Forward-Looking Statements
Disclaimer Forward-LookingStatements This Presentation contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Potential Business Combination, including statements regarding the benefits of the Potential Business Combination, the anticipated
Slide 4: Financial Information; Non-GAAP Financial Terms
Disclaimer Financial Information;Non-GAAP Financial Terms The financial information and data contained in this Presentation is unaudited and does not conformto RegulationS-X promulgated by the SEC. No independent registered public accounting firm has audited, reviewed, compiled, or performed any pro
Slide 5: Transaction Overview
Transaction Overview Genesis Park’s Partnership with Redwire Gives Investors Access to the Catalyst of Future Space Infrastructure Growth l Genesis Park (NYSE: GNPK) is a publicly-listed special purpose acquisition Genesis Park company (“SPAC”) with $166 million in trust Structure & Size l Key exist
Slide 6: Best-In-Class Private and Public Management Experience
Best-In-Class Private and Public Management Experience Expertise in Space & Defense Markets Significant Public Company Experience l Aerospace, space, defense and government-focused l World-class management team, board of directors private equity firm with over $3 billion in assets under and advisory
Slide 7: The Right Team for the Right Mission
The Right Team for the Right Mission David Siegel Jonathan Baliff Peter Cannito Andrew Rush Bill Read Chairman & President & Chief Financial Officer Chairman President, CFO & Director Chief Executive Officer Chief Operating Officer Genesis Park Genesis Park l 30+ years of experience in l Aviation an
Slide 8: Build Above
Build Above 8 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseBuild Above 8 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public Release
Slide 9: Our Mission
Our Mission is accelerating humanity’s expansion into space by delivering reliable, economical and sustainable infrastructure for future generations 9 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public ReleaseOur Mission is accelerating humanity’s expansion into space by delivering rel
Slide 10: Heritage, Innovation, Vision
Heritage Innovation Vision Spacecraft The Majority of Satellites Will Enabled Every US st Technology to Build Be Manufactured and 1 Mission to Mars & Assemble Itself Assembled on Orbit Went to Pluto To 3D Print Tools and Humans Will Return to the st 1 and Beyond Spares in Space Lunar Surface Permane
Slide 11: Proven Blue-Chip Space Company Today with Tremendous Future Potential
Proven Blue-Chip Space Company Today with Tremendous Future Potential Upside $163M $1,413M 2021E Revenue 2025E Revenue $20M $250M 2021E Adj. EBITDA 2025E Adj. EBITDA 50+ 100+ Years of Flight Heritage Patents and Applications $150M+ 72% Contracted Backlog 2021E-2025E Revenue CAGR 11 Jefferies LLC / O
Slide 12: Addressing a Large and Growing Market
Addressing a Large and Growing Market 12 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseAddressing a Large and Growing Market 12 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for
Slide 13: Redwire Delivers Infrastructure that Enables a Full Spectrum of Activity in Space
Redwire Delivers Infrastructure that Enables a Full Spectrum of Activity in Space Redwire Develops and Manufactures a Wide Array of Space … Enabling the Space Missions of Today and Tomorrow Infrastructure Solutions… Human Spaceflight Satellites International Space Station GPS Satellites Guidance Lar
Slide 14: In-Space Manufacturing & Robotic Assembly Are Critical Capabilities
In-Space Manufacturing & Robotic Assembly Are Critical Capabilities “If NASA can print things in three-dimensions in space and then robotically assemble those things, those capabilities are going to be absolutely game changing for NASA and for our partners in the US government and commercial industr
Slide 15: Redwire Serves a Large and Growing Space Infrastructure Market
Redwire Serves a Large and Growing Space Infrastructure Market Addressed by Redwire ü $420+ Billion 2019 Global Space Economy Commercial Space Commercial Infrastructure US Government Non-US Government Products & Services & Support Industries Space Spend Space Spend $218 $119 $47 $40 Billion Billion
Slide 16: Redwire Benefits from Decreasing Launch Costs and Increasing Satellite Volumes
Redwire Benefits from Decreasing Launch Costs and Increasing Satellite Volumes Launch Costs Are Down 95% in the Past Decade… … Enabling an Exponential Increase of Satellites Launched $54,500/kg ~6,000 Satellites were in Orbit as of April of 2020 50,000+ Additional Satellites are Planned $2,720/kg to
Slide 17: Redwire Was Purpose Built to Be a Pure-Play, Independent Provider
Redwire Was Purpose Built to Be a Pure-Play, Independent Provider of Solutions for New Space Legacy Defense Primes New Space First-Movers Fragmented New Space Base Infrastructure supplier across all Legacy Space Hardware major space industry segments Hundreds of Founder-Owned and Early-Stage Compani
Slide 18: Redwire's Industry-Leading Flight Heritage Differentiates It from New Space Peers
Redwire’s Industry-Leading Flight Heritage Differentiates It from New Space Peers l New Horizon Years of Flight Heritage Satellite Missions Flown 150+ 50+ Pluto Sun l Deep Space 1 l Exploration Roverl Reconnaissance l Solar Probe Plus Orbiter l Global Surveyor l STEREO l Science Lab l Odyssey l Mave
Slide 19: Redwire is a Platform-Agnostic Play Across High-Growth New Space Sectors
Redwire is a Platform-Agnostic Play Across the High-Growth, New Space Sectors Launch & Exploration In-Space Mobility Earth Observation Satellite Communication When Space Wins, Redwire Wins 19 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public ReleaseRedwire is a Platform-Agnostic Play
Slide 20: Significant Opportunity to Continue Consolidating a Fragmented Space Market
Significant Opportunity to Continue Consolidating a Fragmented Space Market Redwire Typically Retains Target Company Founders and Leverages Their Expertise and Relationships to Bolster Leadership Ranks and Expand the M&A Pipeline Mar 2020 Jun 2020 Jun 2020 Oct 2020 Dec 2020 Jan 2021 Feb 2021 Targets
Slide 21: Numerous Avenues to Potentially Accelerate and De-Risk Redwire's Growth
Numerous Avenues to Potentially Accelerate and De-Risk Redwire’s Growth ($ in Millions) Organic Projections Accelerated 72% Organic Revenue CAGR (2021E-2025E) R&D / CapEx Additional Strategic M&A Focused Growth Strategy and Breakthrough Technologies Five Strategic Focus Areas Where Redwire is Transf
Slide 22: Redwire's Growth is Driven by Proven Capabilities and Transformative Technologies
Redwire’s Growth is Driven by Proven Capabilities and Transformative Technologies 22 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseRedwire’s Growth is Driven by Proven Capabilities and Transformative Technologies 22 Jefferies LLC
Slide 23: Overview of Strategic Focus Areas
Overview of Strategic Focus Areas On-Orbit Servicing, Assembly & Digitally-Engineered Low Earth Orbit (“LEO”) Manufacturing (“OSAM”) Spacecraft Commercialization Transformational Enabling Technology Rapid Production of Low-Cost Spacecraft Commercial Use and Habitation of Space Space Domain Advanced
Slide 24: Redwire's OSAM Capabilities Transform What Can Be Accomplished in Space
Redwire’s OSAM Capabilities Transform What Can Be Accomplished in Space Current Paradigm Redwire OSAM Solution Today, Satellites Are Engineered for Redwire’s OSAM Solution, Enabled By In-Space Robotics and Additive Manufacturing, Allows Customers to Launch First and Mission Capability Second Optimiz
Slide 25: Enabling Technologies for Habitation and Commercialization of Low Earth Orbit
Enabling Technologies for Habitation and Commercialization of Low Earth Orbit For Earth, In Space Redwire’s Technologies are Foundational Redwire is Manufacturing Advanced Materials In Space For Industrial Use on Earth for the Second Golden Age of Space With Properties Only Achievable in Microgravit
Slide 26: Revolutionary Digital Approach to Spacecraft Design and Manufacturing
Revolutionary Digital Approach to Spacecraft Design and Manufacturing Mission Types Why Redwire’s Approach Is Revolutionary The Same Innovations That Revolutionized Automobile Manufacturing Can Be Applied to Space Earth Observation Existing Approaches Description “Rolls Royce” “Model T” Digital Engi
Slide 27: Cost-Effective Deployment of Space Domain Awareness Capabilities
Cost-Effective Deployment of Space Domain Awareness Capabilities Rising Need for Space Domain Awareness (“SDA”) & Resiliency Redwire’s SDA & Resiliency Solutions l Modern life is increasingly dependent upon assets in space –l Redwire’s SDA solutions provide a wider range of monitoring from GPS and c
Slide 28: Expansive Portfolio of Advanced Sensors & Components
Expansive Portfolio of Advanced Sensors & Components Optical Payloads l Redwire’s market-leading portfolio of sensors and Link 16- components have significant flight heritage and Capable are trusted on the highest priority missions GEO Antennas l Space infrastructure solutions address the needs of a
Slide 29: Archinaut's Win Validates Redwire's Position as Leader in In-Space Manufacturing
Archinaut’s Win Validates Redwire’s Position as the Leader in In-Space Manufacturing Archinaut Today Archinaut Enables the Future l Redwire is the prime on Archinaut 1 A1 Demonstrates the Transformational (“A1”), the first on-orbit demonstration Capability of OSAM, Potentially Driving Widespread Ado
Slide 30: Momentum From Recent Program Wins
Momentum From Recent Program Wins Lunar Lander Payloads Vigoride Robotic Systems February 2021 January 2021 Deep Space Systems and Robotic Systems for Next-Gen Operations Development Solar Cruiser Vigoride In-Space December 2020 Transportation Vehicle $70+ Million 40m x 40m Deployed in Recent Wins S
Slide 31: Business Momentum and Financials
Business Momentum and Financials 31 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseBusiness Momentum and Financials 31 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public Rel
Slide 32: Robust Backlog Drives Near-Term Revenue Momentum
Robust Backlog Drives Near-Term Revenue Momentum $150+ Million $23+ Billion l High visibility into near-term revenue streams Contracted Backlog 2021E-2025E Unfactored Pipeline l 85%+ of 2021E revenue is in backlog or on programs where Redwire is the incumbent provider 72% $163 Million $1,413 Million
Slide 33: Projected Revenue Growth Driven by Increasing TAM Across End Markets
Projected Revenue Growth Driven by Increasing TAM Across End Markets ($ in Millions) Diversified Revenue Base with Products and Services Demanded by National Security, Civil and Commercial Customers l Revenue growth comes from a strong base and reflects an expanding TAM where Redwire Large Untapped
Slide 34: The Building Blocks of Margin Improvement
The Building Blocks of Margin Improvement l The roots of Redwire’s formation make it a prime candidate for margin 18% A 18% Ad dj. j. EBI EBIT TD DA A M Ma argin rgin improvement as the company continues to integrate and scale operations l Margin improvement will be driven by a variety of factors: c
Slide 35: Financial Forecast Shows Positive and Growing Revenue, Adj. EBITDA and Cash Flow
Financial Forecast Shows Positive and Growing Revenue, Adj. EBITDA and Cash Flow ($ in Millions) Fiscal Year Ended December 31, 2020E 2021E 2022E 2023E 2024E 2025E National Security $56 $70 $161 $320 $547 Civil 84 117 121 179 286 (1) Commercial & Other 23 50 141 266 579 Revenue $119 $163 $237 $424 $
Slide 36: Transaction Details
Transaction Details 36 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseTransaction Details 36 Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public Release
Slide 37: Detailed Transaction Overview
Detailed Transaction Overview ($ in Millions, except per share price) Pro Forma Valuation l Current Redwire shareholders are rolling a large portion of (1) 65 their existing equity Pro Forma Shares Outstanding Share Price $10 l Cash to the balance sheet will serve as dry powder for strategic investm
Slide 38: Redwire Uniquely Combines Near-Term Profitability with Breakout Organic Growth
Redwire Uniquely Combines Near-Term Profitability with Breakout Organic Growth ($ in Millions) Company SPAC Date TBD Oct 2019 Aug 2020 Oct 2020 Dec 2020 Feb 2021 Pro Forma $0.6 Billion $7.5 Billion $4.2 Billion $1.2 Billion $1.4 Billion $2.1 Billion Enterprise Value $163 $100 2021E Revenue $19 $4 $4
Slide 39: Operational Benchmarking Shows Redwire's Unique Revenue Growth Versus Peers
Operational Benchmarking Shows Redwire’s Unique Revenue Growth Versus Peers Space & Additive Manufacturing SPAC Transactions High-Growth Defense Note: All financials are pro forma for historical closed acquisitions. Momentus, AST Space Mobile and Astra are pending De-SPAC. Market data as of March 17
Slide 40: Valuation Benchmarking Shows Redwire at a Material Discount to its Peers
Valuation Benchmarking Shows Redwire at a Material Discount to its Peers Space & Additive Manufacturing SPAC Transactions High-Growth Defense De-SPAC Completed Pending De-SPAC Current Trading Valuation Implied Trading Valuation Based on Current SPAC Share Price Valuation at Combination ($10 Share Pr
Slide 41: Relative Discount Analysis
Relative Discount Analysis ($ in Millions) l Applies two year forward high- Transaction Value Relative Valuation growth defense EBITDA multiples to two versions of Redwire’s 2025E EBITDA ─ 2025E EBITDA, as projected ($250 million) ─ 2025E EBITDA, sensitized by 25% l Resulting enterprise values are ~
Slide 42: Release Redwire Proprietary, Not for Public ReleaseJefferies LLC / October 2020 Redwire
Jefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public ReleaseJefferies LLC / October 2020 Redwire Proprietary, Not for Public Release Redwire Proprietary, Not for Public Release