Intuitive Machines, Inc. · NASDAQ:LUNR
Intuitive Machines — Q3 2024 Earnings Presentation
24 slides from Intuitive Machines's earnings presentation, Nov 14, 2024
Slide 1: Third Quarter 2024 Investor Update
INTUITIVE MACHINES; THIRD QUARTER 2024 INVESTOR UPDATE November 14, 2024.
Slide 2: Presenters: Steve Altemus and Pete McGrath
Steve Altemus Pete McGrath CO-FOUNDER, PRESIDENT & CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
Slide 3: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation (and oral statements made regarding the subjects of this presentation) includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matt
Slide 4: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS These forward-looking statements are based on information available as of the date of this presentation and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements
Slide 5: Agenda
Highlights 6 Three Pillars of Commercialization 8 Data Transmission Services 10 Delivery Services 12 Infrastructure as a Service 16 Lunar Data Analytics 18 Financials 20 2024 Outlook 22
Slide 6: Section 01: Highlights
SECTION O1 HIGHLIGHTS — ae 1 iE
Slide 7: Quarter highlights: revenue, cash balance, backlog
Strong revenue growth in the quarter; $58.9 million, over four times Q3 sales Revenue from prior year Ended the quarter with $89.6 million, the highest quarter-ending cash Cash Balance balance in the Company’s history Ended the quarter with $316.2 million in backlog, a Company record driven Backlog
Slide 8: Section 02: Three Pillars of Commercialization
SECTION 02 THREE PILLARS OF COMMERCIALIZATION
Slide 9: Diverse space infrastructure and services to commercialize the Moon
Transportation and delivery of Collection, processing, and Space assets performing tasks and payloads (satellites, scientific interpretation of space-based data. making decisions without human instruments, cargo) to various intervention. destinations in space. Applications: command, control, communi
Slide 10: Section 03: Data Transmission Services
SECTION 03 DATA TRANSMISSION SERVICES
Slide 11: Sole Award Valued up to $4.82 Billion; Revenue Model
Sole Award Valued up to $4.82 Billion Intend to leverage already contracted surface delivery missions to deploy a constellation of lunar data relay satellites around the Moon Revenue Model Introduces a pay-by-the-minute service model, focused on scalable data transmission services through a software
Slide 12: Section 04: Delivery Services
SECTION 04 DELIVERY SERVICES
Slide 13: Propulsion system hot fire completed; mission window and payloads
• Completed propulsion system hot fire – representing the most complex integrated test of the lander thus far • Mission window in the first quarter from NASA’s Kennedy Space Center • Key payloads: • PRIME-1: Polar Resources Ice Mining Experiment 1 • µNova: Micro Nova Hopper
Slide 14: Integrated vibration testing; mission window through early 2026
• Undergoing integrated vibration testing • Expected mission window through early 2026 • Leveraging this mission launch opportunity to deploy the first of five data relay satellites under the Near Space Network Services contract
Slide 15: $116.9 million surface delivery mission awarded in September
• Awarded $116.9 million surface delivery mission in September • Lunar south pole delivery mission including six NASA payloads and a European Space Agency-led drill suite to search for water ice • Leveraging this mission launch opportunity to deploy two additional data relay satellites under the Nea
Slide 16: Section 05: Infrastructure as a Service
SECTION 05 INFRASTRUCTURE AS A SERVICE
Slide 17: Multi-vehicle deliveries for testing; matured heavy cargo lander design
Multi-vehicle Deliveries for Testing • Delivered static vehicle to NASA for astronaut evaluations • Unveiled fully electric all-wheel drive vehicle for desert testing in November Matured Heavy Cargo Lander Design • Completed design reviews for heavy cargo lander required to deliver LTV to the lunar
Slide 18: Section 06: Lunar Data Analytics
SECTION 06 LUNAR DATA ANALYTICS
Slide 19: Operations and data analysis of Lunar Reconnaissance Orbiter camera and Shadowcam
• Assumed operations and data analysis of NASA’s Lunar Reconnaissance Orbiter camera and Shadowcam • Added capability for industry-required lunar landing site selection, mobility mapping, and resource identification • Accelerates the Company’s ability to field data relay satellites under the Near Sp
Slide 20: Section 07: Financials
SECTION 07 FINANCIALS
Slide 21: Quarterly backlog, revenue and operating profit/(loss)
Quarter-Over-Quarter Backlog* Year-Over-Year Revenue Year-Over-Year Operating Profit / (Loss) $350.0M $80.0M $20.0M $300.0M $316.2M $60.0M $10.0M $250.0M $58.5M $200.0M $213.0M $40.0M $0.0M ($24.0M) ($13.7M) $150.0M $100.0M $20.0M $(15.0M) $50.0M $12.7M $0.0M $0.0M $(30.0M) Q2 2024 Q3 2024 Q3 2023 Q
Slide 22: Section 08: 2024 Outlook
SECTION 08 2024 OUTLOOK
Slide 23: Narrowed full-year 2024 revenue outlook of $215-$235 million
narrowing our full-year 2024 revenue outlook to $215 - $235 million and are trending towards the mid-point Current cash balance of $106.9 million as of month end October, coupled with our strong visibility into the timing of collections for contracted milestone payments, gives us confidence that we
Slide 24: Qe R
Qe R