Slide 1: Space42 H1 2025 Pro Forma Results Presentation
Space42 H1 2025 Pro Forma Results Presentation 07 August 2025 Copyright © 2024 Space42 Plc (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.
Slide 2: Speakers
Speakers Karim Michel Sabbagh Andrew Cole Bruno Priuli Managing Director Chief Financial Officer VP of Investor Relations Copyright © 2024 Space42 Plc (Space42) 2
Slide 3: Agenda
Agenda 1 Key highlights 2 Strategy update 3 Financial overview 4 Q&A
Slide 4: Key highlights
ISPACERES Key highlights
Slide 5: Key highlights
Key highlights Clear Strategic Plan Based on four core pillars focused on assuming leadership positions in geospatial data and AI platform services, NTN1 services and providing secure connectivity solutions Building momentum Space Services returned to growth2, with acceleration expected in H2 as Thu
Slide 6: Strategy Update
ISPACERES Strategy Update
Slide 7: Translating vision into reality
Translating vision into reality Core pillars and sectorial priority will secure sustainable long-term growth CORE PILLARS Preferred partner for premium geospatial data 1 Build tier-1 sovereign multi-sensor EO assets and capabilities Global leader in GeoInt AI platform and services 2 Deliver actionab
Slide 8: Smart Solutions
Smart Solutions Core Pillars 1 and 2 SAR Constellation 1 Programmatic capabilities 1 GeoInt AI platform and services 2 Foresight-1 and Foresight-2 AIT Facility Resolution Daily 25 cm Revisit time Technology Partner 99% 1200 MHz Operational Payload uptime technology ▪ Seven LEO satellites delivering
Slide 9: Space Services
Space Services Core Pillars 3 and 4 Thuraya 4 3 Direct-to-Device (D2D) 3 Al Yah 4 and Al Yah 5 4 LEO constellation T2 Coverage T4 Extended Cell towers Coverage SMS (terrestrial) Voice Data ▪ Advanced MSS satellite delivering high-speed, secure ▪ D2D opportunity unlocks mass-market potential, ▪ Next-
Slide 10: Strategic Plan
Strategic Plan Guided by five principles Programmatic Scalability Growth Prioritize clearly defined growth Unlock opportunities and business programs that bring incremental models which can be materially and recurring value scaled and are not constrained by geography, customer segment or sector Sust
Slide 11: H1 2025 Financial overview (Pro forma)
3 H1 2025 Financial overview (Pro forma) Note: Unaudited pro forma financials for Space42 have been prepared to allow for like-for-like comparison, as if merger had occurred on 1 January 2024 – these exclude any purchase price allocation adjustments
Slide 12: Financial Highlights
Financial Highlights Revenue shortfall reflects strategic transition underway within Smart Resilient financial performance with revenue shortfall Solutions, while Space Services returned to growth in Q2 and is offset by lower cost base and other items expected to accelerate further in H2 Lower cost
Slide 13: Income Statement Highlights
Income Statement Highlights Financial extracts H1’25 H1’24 YoY Δ Revenue 226 274 (17%) (48) ▪ Revenue headwinds (-17%) due to timing of multi-year engagements in Cost of revenue (36) (59) 38% 23 Smart Solutions, while Space Services resumed growth during Q2 (+2%) Staff costs (60) (58) (3%) (2) ▪ Low
Slide 14: Normalized Results
Normalized Results Normalized Adjusted EBITDA Normalized Net Profit H1’25 H1’24 YoY Δ H1’25 H1’24 YoY Δ Adjusted EBITDA 110 158 (30%) (48) Net Profit 51 78 (35%) (28) One-off restructuring costs 2 1 nm (1) Total EBITDA adjustments 2 (28) nm 30 One-off merger costs - 1 nm (1) Tax impact of adjustment
Slide 15: Financial Performance - Revenue
Financial Performance - Revenue -17% 274 ▪ Revenue shortfall reflects temporary timing shift in milestone execution of multi-year engagements within Smart Solutions 226 13% ▪ Space Services returned to growth in Q2 with USD 100 million (+2%) 200 ▪ Growth is set to accelerate in H2 as recently launch
Slide 16: Financial Performance – Normalized EBITDA
Financial Performance – Normalized EBITDA -14% 130 112 ▪ Normalized EBITDA reflects on-going operational optimization, 18% cost base reduction drives 2-percentage point margin improvement 126 ▪ Space Services normalized EBITDA increased 5%, with a 4-pp margin improvement to 67% 132 ▪ Smart Solutions
Slide 17: Contracted Future Revenue
Contracted Future Revenue USD 6.8 billion of revenue backlog provides visibility and security over future cash flow 93% of cumulative contracted future revenue relate to Space Services 5,071 6,820 5,023 413 49 367 464 46 6,353 375 Of which: AY 4&5 – USD 5.1 bn 581 89 CSA - USD 0.3 bn T4 - USD 0.7 bn
Slide 18: Strong Balance Sheet
Strong Balance Sheet Balance sheet extracts H1’25 FY’24 6M YTD Δ Fixed Assets (Satellites, ground ▪ Increase in CWIP mainly relates to Al Yah 4 and Al Yah 5 systems/infrastructure, land and buildings, incl. 501 547 (8%) (46) capital work in progress) ▪ Decrease in cash and short-term deposits reflec
Slide 19: Cash Bridge
Cash Bridge Strong cash position underpins capacity to pursue strategic growth initiatives -30% 1,163 72 (91) ▪ Strong operating cash flow ▪ CapEx totaled USD 109 million, driven by Space Services, with ~80% related to satellite (327) partially offset by development, primarily Al Yah 4 reimbursement
Slide 20: Financial Framework built on three pillars
Financial Framework built on three pillars Capitalize on superior standalone and merged Vision SGAI services and pursue profitable growth opportunities, leading to increased company valuation Organic Growth 1 Inorganic Growth 2 Returns Maximization 3 Strategic Scalability, value-chain expansion Cash
Slide 21: ISPACERES
ISPACERES
Slide 22: Appendix
ISPACERES Appendix
Slide 23: Alternative performance measures
Alternative performance measures Space42 uses alternative performance measures which are relevant to enhance understanding of financial performance and financial position of Group. These measures may not be comparable to similar measures used by other companies; they are neither measurements under I
Slide 24: Disclaimer
Disclaimer Information contained in this presentation represents a summary of condensed pro forma consolidated financial statements for first half-year ended 30 June 2025 (H1 2025 Financial Statements) of Space42 PLC and its subsidiaries (Space42). This presentation does not purport to contain all i
Slide 25: space42.ai ir@space42.ai
space42.ai ir@space42.ai Copyright © 2024 Space42 Plc (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.