Slide 1: Spire Global Q1 2024 Investor Update
Spire Global Q1 2024 Investor Update May 15, 2024
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD–LOOKING STATEMENTS This presentation contains forward-looking statements, including information about management's view of Spire’s future expectations, plans and prospects, including our views regarding future execution within our business, and the opportunity we see in our in
Slide 3: The Space Company Focused on the Future of Planet Earth
The Space Company Focused on the Future of Planet EarthTM Providing global data, analytics and space services 3 3
Slide 4: Emerging trends are increasing demand for data
Emerging trends are increasing demand for data Spire will build off of its recent collaboration with “Ever more powerful systems developed by OpenAI, NVIDIA to leverage Earth-2, NVIDIA’s platform for Google and others require larger oceans of weather and climate change modeling, to train and informa
Slide 5: Spire operates the largest multi-purpose constellation
Spire operates the largest multi-purpose constellation Through the deal, Spire Weather and Climate will provide our High-Resolution Weather Forecast model, which offers a six-day outlook powered by proprietary data collected from space, and develop an AI- powered model for long-range forecasting. We
Slide 6: Business Update
Business Update Business continues progress toward Environment supportive of profitability Spire’s solutions Growing focus on climate change Anticipated Q2 2024 results include: > AI models producing forecasts of similar or > Revenue: 20% sequential growth at mid-point greater accuracy to classic mo
Slide 7: Soil Moisture Insights by Spire
Soil Moisture Insights by Spire Powered by our constellation of GNSS-R satellites and AI and ML technologies, Spire's Soil Moisture Insights offers an unparalleled understanding of soil moisture levels worldwide including a 40-year data archive. 7 7
Slide 8: Sustainable Growth, Driven by Diverse Solutions
Sustainable Growth, Driven by Diverse Solutions Revenue Annual Recurring Revenue Remaining Performance Obligations ($M) ($M) ($M) 195.7 30.0 125.0 200.0 120.9 25.7 25.0 24.2 175.0 164.5 104.8 20.0 100.0 150.0 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 6% growth 15% growth 19% growth 8
Slide 9: Leveraged Cost Structure, Driving Towards Profitability
Leveraged Cost Structure, Driving Towards Profitability 1 GAAP Operating Loss Non-GAAP Operating Loss Adjusted EBITDA 1 ($M) ($M) ($M) 0.0 0.0 0.0 Q1'23 Q1'24 Q1'23 Q1'24 Q1'23 Q1'24 (1.1) (5.0) (5.0) (5.0) (10.0) (7.0) (6.7) (11.9) (15.0) (10.0) (10.0) (14.5) (9.8) 18% improvement 28% improvement 8
Slide 10: AIS for Insurance & Compliance
AIS for Insurance & Compliance In the intricate realm of maritime insurance, the need for preemptive risk assessments is paramount. Empowered by AI and ML, Spire’s maritime data and solutions enhances decision-making to help 10 10 reshape the future of maritime insurance and compliance strategies.
Slide 11: Strong Operational Leverage Driving Transition to Profitability
Strong Operational Leverage Driving Transition to Profitability 11 1 Non-GAAP financial measure, please see reconciliation tables at the end of this presentation for reconciliation to the most directly comparable GAAP measure Dashed lines represent mid-point of Q2 2024 guidance as provided on slides
Slide 12: 2024 Guidance Underscores Business Inflection
2024 Guidance Underscores Business Inflection Full Year Guidance Full Year 2024 Q2 2024 Guidance Improvement from Guidance 2023 Results * Revenue (millions) $29.0 - $33.0 $122.0 - $132.0 +20% mid-point Non-GAAP Operating (Loss) Income 1 * ($3.0) - $1.0 ($11.0) – ($1.0) +$19.8M mid-point (millions) 1
Slide 13: Thank you!
Thank you! From our team, to yours. 13
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation In addition to financial measures prepared in accordance with GAAP, this presentation contains non-GAAP financial measures, including free cash flow, non-GAAP operating loss, non-GAAP operating margin, non-GAAP gross margin, non-GAAP loss per share, EBITDA, Adjusted E