Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (February 2025)
20 slides from Gilat Satellite Networks's investor presentation, February 2025
Slide 1: Gilat Satellite Networks Investor Presentation
Gilat Satellite Networks Investor Presentation February 2025 Gilat Proprietary and Confidential
Slide 2: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify
Slide 3: A World Leader in Satellite Communications
A World Leader in Satellite Communications Cellular Backhaul Aero/IFC 2G 3G 4G 5G Innovative Ground Equipment Government Defense Enterprise Land Social Inclusion Maritime ~1,200 1987 16 Employees Founded Sales Offices Telecom, Infrastructure LEO Gateway 7 3 GILT & Services R&D Centers NOC Centers NA
Slide 4: Leading Global Customer Base
Leading Global Customer Base Partner of Choice for Satellite Operators Satellite Operators Service Providers & MNO’s 100+ Countries 300+ Customers 100s of Networks System Integrators Gilat Proprietary and Confidential 4
Slide 5: Value Chain
Value Chain Gilat is the Market Leading Ground Equipment Manufacturer Satellite Manufacturer Satellite Operator Ground Equipment Service Provider End Users Gilat Proprietary and Confidential 5
Slide 6: Uniquely Positioned to Unlock Growth Opportunities In Three Key Verticals
Uniquely Positioned to Unlock A Growing Multi-Billion Dollar Growth Opportunities In Three Equipment Market Key Verticals Total Addressable Market ($M)* 4,194 VHTS & NGSO Abundance of Capacity 3,568 3,610 3,341 3,371 3,307 Growing demand in IFC, Maritime, 3,035 Cellular Backhaul, Enterprise, Social
Slide 7: Abundance of Capacity
Abundance of Capacity Large Capital Spending Continues in the Satellite Industry >$20B a year GEO Altitude: 35,786 km | Latency: ~550ms HTS/VHTS MEO Altitude: 2,000-10,000 km | Latency: ~120ms SES/mPOWER SES/mPOWER LEO Altitude: 500-2,000 km | Latency: ~15ms IRIS2 Starlink Telesat OneWeb Amazon > 80
Slide 8: SkyEdge IV
SkyEdge IV World’s First Multi-Orbit Platform Land Mobility Enables higher capacity, availability and Broadband Aviation throughput with the lowest cost per bit Provides the most advanced features to meet the demands of today’s SATCOM users Defense IoT Specifically crafted for a seamless evolution t
Slide 9: In-Flight Connectivity
In-Flight Connectivity 400Mbps Modem Aero Antennas Superior Passenger Experience Ground Transceivers Equipment Enabling Large IFC Global Networks Expanding Fleets* Global Coverage ~19,500 ~16,000 (2032) (2032) Commercial Business >30 Satellites | 28 Teleports | 32 Airlines Aircraft CAGR 9% Aircraft
Slide 10: Stellar Blu - First-to-Market ESA Multi-Orbit for Commercial Aviation IFC
Stellar Blu - First-to-Market ESA Multi-Orbit for Commercial Aviation IFC Deal Size & $98M Initial cash + up to $147 goals based earnout Financing Internal resources + up to $100M in credit line 2025 Revenues Revenues $120M-$150M, based on firm backlog & profitability AEBITDA >10% during H2/25 proje
Slide 11: Defense & Government
Defense & Government Increased Focus on Defense Integrated Services Delivering mission success anywhere on ground, – Market leader in – A market leader in air, sea, and space terminals & portable SSPA for defense - Unified Solutions Under One Roof satcom hubs integrated solutions - Innovation in Act
Slide 12: Gilat Delivers Internet to Millions of People in Peru
Gilat Peru Satellite & Terrestrial Telecommunication Service Provider and Integrator for social inclusion, Commercial & Government Amazonas Shifting Operations to Recurring Revenue Model Gilat Delivers Internet to Millions of People in Peru Lima Huancavelica Cusco Ica Apurimac One of the Largest Pri
Slide 13: Financial Highlights
Financial Highlights Gilat Proprietary and Confidential 13
Slide 14: Q4 2024 Profit and Loss Highlights
Q4 2024 Profit and Loss Highlights US$ Millions Q4/24 Q3/24 Q2/24 Q1/24 Q4/23 GAAP Revenue 78.1 74.6 76.6 76.1 75.6 Operating Expenses 18.3 20.9 23.8 22.7 26.0 Operating Income 12.8 6.7 2.8 5.4 2.9 Net Income 11.8 6.8 1.3 5.0 3.4 Non-GAAP Gross Margin 40% 38% 37% 38% 39% Adj. EBITDA 12.1 10.7 10.1 9
Slide 15: YTD 2024 Profit and Loss Highlights
YTD 2024 Profit and Loss Highlights US$ Millions FY24 FY23 GAAP Revenue 305.4 266.1 Operating Expenses 85.6 76.9 Operating Income 27.7 28.1 Net Income 24.8 23.5 Non-GAAP Gross Margin 38% 40% Adj. EBITDA 42.2 36.4 Operating Expenses 85.1 82.3 Operating Income 31.9 23.5 Net Income 28.2 19.9 Gilat Prop
Slide 16: Balance Sheet Highlights
Balance Sheet Highlights US$ Millions Q4/24 Q3/24 Q2/24 Q1/24 Q4/23 Cash, net 1 118.2 106.0 92.6 98.5 95.3 DSO 2 71 83 88 76 64 Cash From Operations 16.3 14.7 (3.5) 4.2 10.0 Equity 304.4 291.5 282.8 280.8 274.7 1) Cash includes Cash and cash equivalents and restricted cash, net of loans 2) DSO exclu
Slide 17: Executing Profitable Growth Strategy
Executing Profitable Growth Strategy 2025 Market Guidance (US$ Millions) Annual Revenues Ajusted EBITDA 415 - 455 47 - 53 42.2 305.4 36.4 266.1 2023 2024 2025E 2023 2024 2025E Revenues: Adjusted EBITDA: $415M - $455M $47M - $53M Gilat Proprietary and Confidential 17
Slide 18: 2025 Market Guidance by Segment
2025 Market Guidance by Segment Annual Revenues (US$ Millions) Gilat Commercial Gilat Defense Gilat Peru 270 - 295 100 - 110 51 52 98 45 -50 48.0 195 155 20 2023 2024 2025E 2023 2024 2025E 2023 2024 2025E $270M - $295M $100M - $110M $45M - $50M Gilat Proprietary and Confidential 18
Slide 19: Summary
Summary Uniquely Positioned to Unlock Growth Opportunities VHTS and NGSO Opening New Markets SkyEdge IV is a leading VHTS and NGSO Platform Leading in Main Growth Areas IFC with modems & ESA Focused on Military SATCOM Networks Positioned to accelerate Revenue Growth Gilat Proprietary and Confidentia
Slide 20: Thank You
Thank You info@gilat.com Gilat.com
Gilat Satellite Networks — Investor Presentation (February 2025) on 6ix