Viasat, Inc. · NASDAQ:VSAT
Viasat — Merger or Acquisition (December 2020)
10 slides from Viasat's merger presentation, Dec 21, 2020
Slide 1: Viasat & RigNet Announcement of Definitive Agreement to Acquire RigNet
Viasat & RigNet Announcement of Definitive Agreement to Acquire RigNet December 21, 2020 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements regarding future events that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, forecasts and
Slide 3: Presenters
Presenters Rick Baldridge Director, President and Chief Executive Officer Steven Pickett Director, President and Chief Executive Officer
Slide 4: Transaction Overview
Transaction Overview Strategic Rationale Expands and diversifies Viasat’s commercial connectivity portfolio into a new, adjacent industry Accelerates Viasat’s global footprint and expansion strategy into other adjacent industries, including mining, shipping and maritime Transaction Consideration 100
Slide 5: Viasat company overview
3 co-founders 1996 year of IPO (NASDAQ: VSAT) ~5,800 global employees 16% Adj. EBITDA CAGR 1986 year founded (Carlsbad, California) $2.3B LTM Q2 FY21 revenues $478M LTM Q2 FY21 adj. EBITDA 45+ global offices ~3,000 global engineers $3.7B enterprise value $2.6B LTM Q2 FY21 new contract awards 1+ Tbps
Slide 6: Viasat + RigNet Strategic Rationale
Viasat + RigNet Strategic Rationale RigNet’s results for LTM 9/30/2020 were $225.0mm of revenue and $37.5mm of Adjusted EBITDA Transaction is immediately accretive to Viasat’s cashflow, and is expected to modestly improve leverage profile Deal structure enables RigNet shareholders to participate in
Slide 7: Viasat Perspective: RigNet Business Highlights
Viasat Perspective RigNet Business Highlights Leadership & Performance Global Foundation & Platform Innovation 1 2 3 RigNet has continuously delivered strong execution, even in the midst of challenging market conditions RigNet has expanded its managed communications business and commercialized innov
Slide 8: RigNet Overview
RigNet Overview Managed Communications Apps & IoT Systems Integration 1,190 remote communication sites 50+ countries and over 650 customers End-to-end communication services assuring maximum uptime, reliability, flexibility and security globally both onshore and offshore Largest over-water owned mul
Slide 9: Expected benefits for customers
Operational continuity with a focus on the customer experience Combined expertise to drive advanced services and technology innovations Larger organization and capital base for continued growth and investment Representative Customers RigNet’s Major Global Customers Expected to Benefit from the Trans
Slide 10: Q&A
Q&A Viasat