Momentus Inc. · NASDAQ:MNTS
Momentus — Q3 2022 Earnings Presentation
22 slides from Momentus's earnings presentation, Nov 8, 2022
Slide 1: Q3 2022 Business and Financial Highlights
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Copyright 022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without th express consent of Momentu is strictly pro
Slide 2: Disclaimer and Cautionary Note Regarding Forward-Looking Statements and Non-GAAP Financial Measures
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Disclaimer and Cautionary Note Regarding Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation
Slide 3: Significant progress since Aug'21 de-SPAC
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Significant progress since Aug’21 de-SPAC • Substantial improvements to Engineering and Operations capabilities. • Flew Vigoride vehicle for the
Slide 4: Recent Progress – Vigoride
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Recent Progress – Vigoride 3 • Inaugural launch was on May 25 with two ports: ➢ Vigoride 3 orbital service vehicle, and ➢ Third-party deployment
Slide 5: Recent Progress – Vigoride
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Recent Progress – Vigoride 5 • Applied lessons learned from inaugural mission to next generation Vigoride 5 vehicle in preparation for second la
Slide 6: Simulated Zero Gravity Solar Array Deployment Testing
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Simulated Zero Gravity Solar Array Deployment Testing 6
Slide 7: Vigoride Progress in Pictures
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Vigoride 5 Progress in Pictures 7 Assembly Moving to Vibration Table Customers Integrated Note: Photos are Not Export Controlled and contain no
Slide 8: Vigoride 5 Mission Plan
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 8 Step 3 Vigoride 5 deploys Qosmosys payload in orbit. Step 1 Launch vehicle carries Vigoride 5 with payloads to initial orbit Step 5 Vigoride 5
Slide 9: Caltech Space Solar Power Project Payload on Vigoride 5
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • Research and development effort on space solar power. • Goal: evaluate technical and economic feasibility of gathering solar energy in space a
Slide 10: Vigoride Program Schedule
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Vigoride Program Schedule 10 Vigoride 2 Vigoride 3 Vigoride 5 Design Phase System Build & Verification Phase C0DR PDR CDR Unit Qual Sys Pre- Env
Slide 11: Recent Progress – Commercial Highlights
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Recent Progress – Commercial Highlights • Signed new contract with OHB LuxSpace in Q3 for Hosted Payload service. • Signed contract modification
Slide 12: New FCC rule requires dead satellites be removed
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. New FCC rule requires dead satellites be removed • FCC recently implemented a rule that requires satellites in LEO to be de-orbited within five
Slide 13: Extending Our Cash Runway
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Extending Our Cash Runway • We remain on track relative to the cost reduction plan that we disclosed a quarter ago, which would extend our cash
Slide 14: Momentus Investment Thesis
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Momentus Investment Thesis • Space transportation and infrastructure market is attractive o Cost to access space declining, number of satellites
Slide 15: Q3 Financial Highlights
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Q3 Financial Highlights • $43 million in backlog (potential revenue), as of October 31, 2022. * • Unrestricted cash and cash equivalents of appr
Slide 16: Thank you!
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 16 Thank you!
Slide 17: Appendix
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Slide 18: Income Statement
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Slide 19: Balance Sheet
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Balance Sheet 19
Slide 20: Cash Flow Statement
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Slide 21: GAAP to Non-GAAP Reconciliation
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. GAAP to Non-GAAP Reconciliation 21
Slide 22: GAAP to Non-GAAP Reconciliation (cont.)
Copyright 2022. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. GAAP to Non-GAAP Reconciliation (cont.) 22