Redwire Corporation · NYSE:RDW
Redwire — Merger or Acquisition (October 2022)
14 slides from Redwire's merger presentation, Oct 4, 2022
Slide 1: Accelerating Profitable Growth in the Global Space Sector with the Acquisition of QinetiQ Space NV
1. Insert Footnote October 3, 2022 Accelerating Profitable Growth in the Global Space Sector with the Acquisition of QinetiQ Space NV Exhibit 99.2
Slide 2: Disclaimers
1. Insert Footnote Disclaimers 2 The presentation (the “Presentation”) includes information regarding the proposed transaction between Redwire Corporation (“Redwire” or the “Company”) and QinetiQ Space NV (“Space NV”), whereby Redwire intends to acquire all of the issued share capital of the Space N
Slide 3: Disclaimers
1. Insert Footnote Disclaimers 3 No Offer or Solicitation This Presentation is for informational purposes only and is neither an offer to sell or purchase, nor a solicitation of an offer to sell, buy or subscribe for any securities, nor shall there be any sale, issuance or transfer or securities in
Slide 4: Advanced capabilities and technological focus complement Redwire's existing portfolio
1. Insert Footnote Advanced capabilities and technological focus complement Redwire’s existing portfolio Upon closing, expected to be accretive to Redwire’s Adjusted EBITDA and Free Cash Flow (1) Expands critical infrastructure offering to include docking and berthing solutions Expected to meaningfu
Slide 5: Chinese and Russian Space Programs are Igniting a New Global Space Race
1. Insert Footnote Why QinetiQ Space NV: Chinese and Russian Space Programs are Igniting a New Global Space Race 5 Chinese Space Station Chinese Lunar Lander Russian Pullout from ISS Russian Space Station Russia Testing Anti-Satellite Missiles Space Community Support of Ukraine Broader Geopolitical
Slide 6: Overview: Outstanding Team and Infrastructure with Profitable Space Heritage and Innovation
1. Insert Footnote QinetiQ Space NV Overview: Outstanding Team and Infrastructure with Profitable Space Heritage and Innovation 6 Business Description Leading pioneer of end-to-end space solutions with a multi-decade position supporting the European Space Agency QinetiQ Space NV’s core product o
Slide 7: Redwire + QinetiQ Space: Complementary Capabilities and Customers
1. Insert Footnote Redwire + QinetiQ Space NV: Complementary Capabilities and Customers 7 Geographic Exposure Flight Heritage & Critical Technologies QinetiQ Space NV National Security and Civil Customer Focus Commercial Momentum We Believe Customers Will Benefit from Redwire and QinetiQ Space NV’s
Slide 8: Transaction Details
1. Insert Footnote Transaction Details 8 Combination Financing Financial Impact Timing • Redwire will acquire QinetiQ Space NV from QinetiQ Group plc for €32 million • Acquisition of QinetiQ Space NV in a debt free purchase • Intention to finance transaction through an equity linked financing • Rece
Slide 9: Key Takeaways for Redwire and Space NV Combination
1. Insert Footnote Joining QinetiQ Space NV with Redwire Advances Profitable Revenue Growth and Financial Strength with Commitment from Redwire’s Largest Shareholder Anticipated Total Backlog Expansion to Increase and Diversify Revenue Growth Key Takeaways for Redwire and QinetiQ Space NV Combinatio
Slide 10: Appendix: Redwire By The Numbers
1. Insert Footnote Appendix Redwire By The Numbers
Slide 11: Redwire Overview
1. Insert Footnote Redwire Overview 11 YTD Revenues $69.6 Total Backlog (2) $252 YTD Adjusted EBITDA (1) $(8.7) All figures presented herein represent Redwire without any Space NV contribution. (1) Adjusted EBITDA is a non-GAAP financial measure that should not be considered in isolation or as a sub
Slide 12: Key Performance Indicators: Total Backlog
1. Insert Footnote Key Performance Indicators 12 Total Backlog Redwire views growth in backlog as a key measure of business growth. Contracted backlog represents the estimated dollar value of firm funded executed contracts for which work has not been performed (also known as the remaining performa
Slide 13: Adjusted EBITDA Reconciliation
1. Insert Footnote Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Net Income (77,028) (15,901) (94,321) (23,575) Interest Expense 1,669 1,770 3,121 3,192 Income Tax Expense (Benefit) (1,925) (1,362) (4,814) (2,388) Depreciation and Amortization 3,402 2,61
Slide 14: Supplemental Non-GAAP Information: Free Cash Flow
1. Insert Footnote Three Months Ended Six Months Ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Net cash provided by (used in) operating activities (4,138)$ (7,558)$ (15,584)$ (20,083)$ Less: Capital expenditures 1,059 748 2,073 1,324 Free Cash Flow (5,197)$ (8,306)$ (17,657)$ (21,407