Globalstar, Inc. · NASDAQ:GSAT
Globalstar — Investor Presentation (April 2017)
10 slides from Globalstar's investor presentation, Apr 28, 2017
Slide 1: Globalstar: Operated Locally, Relied upon Globally
Globalstar: Operated Locally, Relied upon Globally April 28, 2017
Slide 2: Safe Harbor Language
Safe Harbor Language 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 uncert
Slide 3: Major Highlights
Major Highlights GEOGRAPHICAL U.S. TERRESTRIAL 46% AUTHORITY OBTAINED EXPANSION: INCREASE IN ADJUSTED CENTRAL & SOUTH EBITDA VS. 2015 AMERICA AND AFRICA $96.9M REVENUE – RECORD HIGH SINCE 2007 SECOND-GENERATION GROUND UPGRADES COMPLETE 25X INCREASE IN SPEEDS SINGLE NATIONWIDE 5,000+ WORLDWIDE TERRES
Slide 4: 5,000+ Initiated Rescues Worldwide
5,000+ Initiated Rescues Worldwide 3
Slide 5: World-wide Data Coverage
World-wide Data Coverage ≥98% 80% - 90% 90%-98% Reduced or no coverage Note – assumes one additional gateway deployed on the Indian subcontinent. 4
Slide 6: 2016 Financial Review
2016 Financial Review Adjusted EBITDA (1) Revenue ($ in millions) ($ in millions) $25.0 $105.0 7% $96.9 46% $20.5 $95.0 $90.1 $90.5 $20.0 $16.9 $85.0 $14.1 $15.0 $75.0 $65.0 $10.0 $55.0 $5.0 $45.0 $35.0 $0.0 $25.0 2014 2015 2016 2014 2015 2016 Duplex Service Revenue Duplex ARPU ($ in millions) $35.0
Slide 7: Global Company: Headquartered in Louisiana
Global Company: Headquartered in Louisiana 44% of Globalstar customer base resides outside United States Full-Year Average Subscriber Compositions: Duplex, SPOT & Simplex 2015 2016 41% 44% 56% 59% Rest of the World U.S. 6
Slide 8: Globalstar International Terrestrial Plans
Globalstar International Terrestrial Plans Globalstar seeks terrestrial authority over its entire S-band spectrum in multiple jurisdictions worldwide. Company has already initiated the process in certain countries representing a combined population of 375 million. ~375 million pops; 320 million pops
Slide 9: Key Value Drivers
Key Value Drivers Diverse product and service offerings across consumer, commercial and government markets MSS Operational focus expanded to include new territories such as Central & Operations South America and Southern Africa New product offerings – inexpensive consumer mass market Sat-Fi, t
Slide 10: Annex A – Reconciliation of Net Income (Loss) to Adjusted EBITDA
Annex A – Reconciliation of Net Income (Loss) to Adjusted EBITDA ($ in millions) 2014 2015 2016 Net income (loss) ($462.9) $72.3 ($132.6) Interest income and expense, net 43.2 35.9 36.0 Derivative (gain) loss 286.0 (181.9) 41.5 Income tax expense (benefit) 0.9 1.4 (6.5) Depreciation, amortization, a