Slide 1: Earnings Call Presentation First Quarter 2016
Earnings Call Presentation First Quarter 2016 May 5, 2016
Slide 2: Safe Harbor Language
Safe Harbor Language 1 This presentation contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and unce
Slide 3: Continued Focus On International Expansion
67% 33% 75% 25% 55% 45% 67% 33% Continued Focus On International Expansion 2 Two-Way Duplex One-Way SPOT and Simplex Gross Subscriber Additions Composition LTM Q1 2015 LTM Q1 2016 LTM Q1 2015 LTM Q1 2016 North America Non-North America For the twelve month period ended March 31, 2016, Non-North Am
Slide 4: Second-Generation Ground Rollout – On Track
Second-Generation Ground Rollout – On Track Initial Deliveries North American RAN Installations Rest of the World RAN Installations Complete Complete 2016 Second-Generation Rollout Schedule Summary Completed all RAN installations in U.S., Canada and Europe RAN installations at gateways in Brazil
Slide 5: Recent Product Rollouts
SMARTONE C STX-3 Recent Product Rollouts 4 Globalstar has rolled out a series of commercial simplex products to serve the M2M and OEM channels. ● Asset-ready solution – robust device provides connectivity for assets virtually anywhere including areas beyond terrestrial networks ● Generates opportuni
Slide 6: Next-Generation Sat-Fi & SPOT Devices
Next-Generation Sat-Fi & SPOT Devices Wi-Fi 5 Next-Generation Sat-Fi Next-Generation Sat-Fi: Satellite communications device which turns any smartphone, laptop or tablet into a satellite phone / global data device Next-Generation SPOT: Two-way texting device with SPOT Tracking and SOS functionality
Slide 7: Financial Results Summary
Financial Results Summary (1) Adjusted to exclude non-cash compensation expense, foreign exchange (gains)/losses, R&D costs associated with the development of new products and certain other charges. See reconciliation to GAAP Net Income (loss) on Annex A. 6 First Quarter Highlights Total service r
Slide 8: Service Revenue Highlights
44.5 41.7 288.2 298.4 246.6 269.1 69.7 77.7 - 100.0 200.0 300.0 400.0 500.0 600.0 700.0 800.0 Q1 2015 Q1 2016 $1.1 $0.9 $2.3 $2.4 $7.5 $9.1 $6.2 $6.3 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 $20.0 Q1 2015 Q1 2016 Service Revenue Highlights 7 Duplex SPOT Simplex IGO / Other ($ in millio
Slide 9: Equipment Revenue Highlights
1.2 2.6 15.7 13.5 14.7 14.2 3.9 3.5 - 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 Q1 2015 Q1 2016 $0.2 $0.3 $1.2 $0.9 $1.1 $1.0 $1.5 $0.8 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 Q1 2015 Q1 2016 Equipment Revenue Highlights 8 Duplex SPOT Simplex IGO / Other Equipment revenue decreased year-ove
Slide 10: Liquidity Review
Liquidity Review Liquidity and Capital Sources (excl. operating cash flow) Cash & Cash Equivalents Common Stock Purchase Agreement with Terrapin Debt Service Reserve Account Total Liquidity Unrestricted Liquidity $12 $54 $38 $104 $66 ($ in millions) 9
Slide 11: Annex A – Reconciliation of Adjusted EBITDA
Annex A – Reconciliation of Adjusted EBITDA 10 ($ in millions) Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Net Income (loss) ($129.7) $204.8 $24.1 ($26.8) $72.3 ($26.9) Interest income and expense, net 8.5 9.2 9.0 9.1 35.9 9.1 Derivative (gain) loss 107.9 (237.1) (54.2) 1.6 (181.9) 1.3 Income tax e