Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (May 2022)
22 slides from Gilat Satellite Networks's investor presentation, May 24, 2022
Slide 1: Gilat Satellite Networks May 2022 Investors Presentation
Gilat Satellite networks May 2022 Investors Presentation
Slide 2: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements made in this presentation 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 intend
Slide 3: A world leader in satellite communications
A world leader in satellite communications INNOVATIVE GROUND EQUIPMENT TECHNOLOGY 1987 Founded 5 R&D Centers 3 NOC Centers GILT NASDAQ /TASE 20 Sales Offices +800 Employees Cellular Backhaul 2G 3G 4G 5G Enterprise Telecom infrastructure & services Consumer Aero / IFC Maritime Land Defense leader in
Slide 4: Leading Global Customer Base
Leading Global Customer Base SYSTEM INTEGRATORS 100+ COUNTRIES 900+ NETWORKS 300+ CUSTOMERS SATELLITE OPERATOR mPOWER SERVICE PROVIDERS & MNO’s
Slide 5: Value chain
Value chain GROUND EQUIPMENT SATELLITE MANUFACTURER SATELLITE OPERATOR SERVICEPROVIDER END USERS
Slide 6: Uniquely Positioned to Unlock Growth Opportunities
UNIQUELY POSITIONED TO UNLOCK GROWTH OPPORTUNITIES 1 VHTS & NGSO Constellations - Abundance of Capacity IFC, Maritime, Cellular Backhaul, Enterprise, Social Inclusion 2 3 Strong Tailwinds in Defense Increased focus on military SATCOM networks Peru Terrestrial Networks "Investment" Shifting to Operat
Slide 7: NGSO/VHTS Constellations - Abundance of Capacity
NGSO/VHTS Constellations - Abundance of Capacity OneWeb ~2.5 Tbps 650 Satellites Telesat ~3-8 Tbps 192-300 Satellites SpaceX ~10+ Tbps 1,584 -> 42,000 Satellites Amazon ~10+Tbps 3,236 Satellites HTS/VHTS ~50-500 Gbps SES/O3B ~1-3 Tbps 22 Satellites mPower MEO 2,000-10,000 km ~120msec GEO 35,786 km ~
Slide 8: SkyEdge IV – industry leading ground platform for VHTS & NGSO
SkyEdge IV – industry leading ground platform for VHTS & NGSO
Slide 9: Post COVID-19 IFC Rebound Includes Free WIFI Tailwind
Post COVID-19 IFC Rebound Includes Free WIFI Tailwind LONG TERM IFC INVESTMENT CYCLE Transceivers Aero Antennas 400Mbps Modem Ground Equipment Superior Passenger Experience Enabling large IFC global Network GLOBAL COVERAGE | > 30 SATELLITES | 18 TELEPORTS | 20 AIRLINES | GLOBAL NETWORK MANAGEMENT SY
Slide 10: Maritime
Maritime ACTIVE VSAT TERMINALS 2021 2031 MERCHANT PASSENGER LEISURE FISHING 20,773 46,144 1,014 2,354 5,267 11,808 4,037 10,483 Source: Euroconsult 2022 1
Slide 11: 4G/5G Ubiquitous Connectivity Bridging the Digital Divide
4G/5G Ubiquitous Connectivity Bridging the Digital Divide of satellite backhaul 4G/LTE MARKET SHARE { NSR, 2021 } Gilat continues to lead in shipmentswith big wins and business expansions worldwide End-to-end service with recurring revenue ~$100M(2020) ~$500M(2029) EQUIPMENT ~CAGR 19% ~$1.6B(2020) ~
Slide 12: 5G Total Addressable Market Expanding Dramatically
5G TOTAL ADDRESSABLE MARKET EXPANDING DRAMATICALLY HIGH SPEED Speeds >1Gbps Innovative Wideband Technology FLEXIBLE NETWORK ARCHITECTURE Satellite Ground Segment Integration Into 5G Eco-System Utilize SDN/NFV, Cloud, Edge Computing & Network Slicing LOW LATENCY Order of Magnitude Reduction in Latenc
Slide 13: Strong Tailwinds in Defense
Strong Tailwinds in Defense Transportable On-the-Move Military Aircraft On-the-Pause Unmanned Aerial Vehicle 2 INCREASED FOCUS ON MILITARY SATCOM NETWORKS GOVERNMENT & MILITARY SATELLITE COMMUNICATIONS Expected Market Value~$930M in 2025 Source: NSR 2020 Satcom Network HIGH-BANDWIDTH REQUIRED IN BAT
Slide 14: Peru – PRONATEL (FITEL) Projects Recurring Revenue Model
PERU – PRONATEL (FITEL) PROJECTS 3 RECURRING REVENUE MODEL PERU Terrestrial Networks "Investment" Shifting to operations Six regions awarded to Gilat (~$550M) ~$350M construction revenue Four regions passed government acceptance; 2 regions are planned during 2023 Revenue recognized by March 31, 2022
Slide 15: Financial Indicators Highlights
Financial Indicators Highlights
Slide 16: Segment Commentary
Segment Commentary US$ MILLIONS SATELLITE NETWORKS 2020 was affected by the COVID19 pandemic 2021 was a transition year, the IFC market started to recover Growth is driven by NGSO, Cellular Backhaul, Defense, and Enterprise markets Significant multi-million award from SES and Intelsat INTEGRATED SOL
Slide 17: Q1 2022 Profit and Loss Highlights
Q1 2022 Profit and Loss Highlights US$ MILLIONS Revenue Gross Margin Operating Expenses Operating Income / (Loss) Net Income / (Loss) Adj. EDITDA Operating Expenses Operating Income / (Loss) Net Income / (Loss) Q2/21 (0.2) 2.4 0.3 Q1/21 43.4 29% 16.0 (3.5) (5.0) (1.3) 16.2 (3.6) (5.1) Q1/22 51.4 32%
Slide 18: FY 2021 Profit and Loss Highlights
Fy 2021 Profit and Loss Highlights US$ MILLIONS GAAP excluding CMTL settlement - OPEX FY20 $57.2M; Operating loss FY20 $15.9M; Net loss FY20 $18.6M; Revenue Gross Margin Operating Expenses Operating Income Net Income / (Loss) 1 Adj. EDITDA Operating Expenses Operating Income / (Loss) Net Income / (L
Slide 19: Balance Sheet Highlights
244.8 Balance Sheet Highlights US$ MILLIONS Cash1 DSO2 Cash from operations Equity Q2/21 82 65 8.4 245.3 Q1/21 75.6 77 0.3 Q1/22 77.3 93 (7.4) 246.9 Q4/21 86.6 60 5.2 248.3 Q3/21 85.4 66 5.0 245.7 Cash includes Cash and cash equivalents, short-term deposits and restricted cash DSO calculation exclud
Slide 20: Executing Profitable Growth Strategy
Executing Profitable Growth Strategy Revenues: $245M - $265M GAAP Operating Profit: $5M - $9M Adjusted EBITDA: $20M - $24M Annual Revenues Adjusted EBITDA GAAP Operating Profit1 Updated 2022 Market Guidelines (US$ millions) FY20 operating profit excludes CMTL net settlement profit of $53.6M
Slide 21: VHTS and NGSO Opening New Markets
VHTS and NGSO Opening New Markets Leading in Main Growth Areas – Cellular Backhaul (4G, 5G) &In-Flight Connectivity SUMMARY UNIQUELY POSITIONED TO UNLOCK GROWTH OPPORTUNITIES SkyEdge IV is a leading VHTS and NGSO Platform Focused on Profitable Growth Increased Focus on Military SATCOM Networks
Slide 22: Thank You
THANK YOU Gilat Satellite Networks | info@gilat.com | www.gilat.com
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