Electro Optic Systems Holdings Limited · ASX:EOS
Electro Optic Systems — Investor Presentation (October 2021)
26 slides from Electro Optic Systems's investor presentation, Oct 27, 2021
Slide 1: The Communications Superhighway for the Space Economy
The Communications Superhighway for the Space Economy 27 October 2021
Slide 2: Disclaimer 1
Disclaimer 1 This document (Presentation) is confidential and provided by SpaceLink Corporation (SpaceLink) solely on the basis that you (Recipient) agree in favour of SpaceLink, Electro Optic Systems Holdings Limited and each of their respective related bodies corporate (as defined in the Corporati
Slide 3: Disclaimer 2
Disclaimer 2 The Presentation contains summary information about SpaceLink, Electro Optic Systems Holdings Limited and the industries in which they operate. The information in the Presentation does not purport to be complete and is subject to change without notice. The views expressed in this Presen
Slide 4: SpaceLink's Communication Superhighway
SpaceLink’s Communication Superhighway • Build and Operate a Constellation of Medium-Earth Orbit (“MEO”) Satellites Customers in SAM: • Solves Many of the Challenges of Low-Earth Orbit (“LEO”) Pipeline 2 : $26bn ~200 Satellites by Providing Continuous, On-Demand and Secure Connectivity to Chosen Gro
Slide 5: SpaceLink Senior Executive Team
SpaceLink Senior Executive Team Proven Experience in the Space & Satellite Sector David Bettinger Tony Colucci Larry Rubin CEO CSO, CCO COO SPACE & COMMUNICATIONS SPACE & COMMUNICATIONS Rob Singh Alan Khalili David Lihani CTO CFO General Counsel 5 Source: SpaceLink Management.
Slide 6: Rapid Expansion of Satellites in LEO…
Rapid Expansion of Satellites in LEO… LEO by the Numbers LEO is the Orbit of Choice for Legacy and New Space Players Launch Costs Are Plummeting…1 2006 2020 ~$10K per kg ~$3K per kg …Satellites In Orbit Are Increasing…2 2020A 2030E 3K+ 50K+ …Space TAM Will Be Immense3 2020A 2040E $350bn $1tn Sources
Slide 7: … But the LEO Constellations Have a Problem
… But the LEO Constellations Have a Problem A bottleneck in getting their traffic from space to ground 1 Satellites Connected to the Ground 2 3 Spectrum is a Limited Resource Hard to Land Data Where Needed Less Than 10% of the Time LEO satellites are close to earth, moving fast and Ground Station Lo
Slide 8: SpaceLink Helps Remove the LEO Bottleneck
SpaceLink Helps Remove the LEO Bottleneck Unlocks and Enables New Applications 1 Continuous • Serves connectivity needs of lower orbits, who can Customers in connect and download data at any time – no need to be Medium Earth Orbit Connectivity Low Earth Orbit in view of a ground station to the Groun
Slide 9: SpaceLink System Architecture Delivers a High Value Proposition
SpaceLink System Architecture Delivers a High Value Proposition Without SpaceLink: Hours-long Link Gaps With SpaceLink: Continuous & Secure Downlink Capability Animation below shows a spacecraft in orbit Realtime Downlink: Customer data becomes much more valuable performing its mission, linking
Slide 10: System Architecture
System Architecture Spacer Ine
Slide 11: Integrated Network Delivers Resilient and Secure Service
Integrated Network Delivers Resilient and Secure Service SpaceLink Network Components Illustrative Network Overview Four relay communication nodes deployed in MEO Constellation Inter-Satellite Link Constellation capacity can be increased with additional satellites Space Link MEO Relay Satellites (x4
Slide 12: Satellite Manufacturer Contract Awarded to OHB
Satellite Manufacturer Contract Awarded to OHB Satellite Specifications Illustration of SpaceLink MEO Satellite 4+ optical heads with on-board digital RF antennas provide backward Payload processor for in-space routing and compatibility for LEO satellites mapping between optical and RF that do not y
Slide 13: SpaceLink's Spectrum is a Critical Backbone
SpaceLink’s Spectrum is a Critical Backbone Enables customers to transition from today’s RF communications to future optical technology Significant Block of Spectrum Bolsters Optical Links • Optical links support Space-to-Space communications • RF links are used for Space-to-Ground communications •
Slide 14: Key Differentiators
Key Differentiators • Secured allocated spectrum • Patent and IP portfolio represents 25 license of 21 GHz for Space-to- years R&D Ground Communications • Key patents covering the transition from • Critical for enabling customers to Radio Frequency to optical transition to optical from today’s Spect
Slide 15: SpaceLink is in a Position of Strength vs. Competitors
SpaceLink is in a Position of Strength vs. Competitors Established Government New Entrants Ground Commercial Space Systems Full LEO Coverage for On-Demand Service Ability to Relay New entrants lack and Land Signal in attractive US Country of Choice Government solutions, and are Large Number of mostl
Slide 16: Market Opportunity
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Slide 17: SpaceLink Addresses The Highest Value Customer Base
SpaceLink Addresses The Highest Value Customer Base Commercial Service Providers to Government and Direct to Government Commercial to Government Direct to Government NASA Defense Intelligence Agency NOAA National Security Agency National Geospatial National Reconnaissance Intelligence Agency Office
Slide 18: SpaceLink SAM in High-Value Segments
SpaceLink SAM in High-Value Segments Select Commercial Segments: $10.5bn through 2029 Key Government Segments: $15.2bn through 2029 Earth Human On-Orbit U.S. Intelligence U.S. and Allied DODs Observation Spaceflight Servicing Community Key applications include Surge in human Growing number of Missio
Slide 19: Secular Tailwinds Driving 20%+ CAGR over Next Decade
Secular Tailwinds Driving 20%+ CAGR over Next Decade $5,000 Direct to Government Totals $15.2bn through 2029 1 $4,553 Market Demand 2019-2029 1, $m Cumulative • Demand growing for high throughput, real-time data delivery to Commercial: $10.5 bn U.S. soil from global sites $4,000 Government: Total: $
Slide 20: SpaceLink Customer Update
SpaceLink Customer Update 48 Priority Opportunities = $190m pa risk-weighted Total pipeline of ~200 opportunities valued at US$1.7bn pa un-risked Share by Segment 48 priority opportunities ~$190m pa risk-weighted, well in excess of cash breakeven point Awarded contract by the manager of the I
Slide 21: Financial Overview
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Slide 22: SpaceLink Economics
SpaceLink Economics Total funding requirement = circa US$700m – Less than previous estimates of US$800-1,000m despite acceleration of technology straight to hybrid RF-optical configuration – OHB selected as satellite manufacturer in contract of >US$300m with a 30 month build in time to meet June 2
Slide 23: SpaceLink Indicative P&L
SpaceLink Indicative P&L • First constellation of 4 satellites (Block 1) launches in 2024. Circa US$700m funding requirement • Additional constellations of 4 satellites launch in 2028 (Block 2), and 2030 (Block 3), each with 4 spacecraft, funded out of SpaceLink cash flow • Revenue is expected to gr
Slide 24: SpaceLink Funding Strategy
SpaceLink Funding Strategy Total funding requirement = circa US$700m – Debt / Project Finance of circa US$300m, so US$400m of equity required Tranche 1 financing proposed through SpaceLink Pre-IPO Convertible Note – OHB intends to invest US$25m as cornerstone of tranche 1 – Discussions underway
Slide 25: Funding to Secure Program Schedule and Generate Market Momentum
Funding to Secure Program Schedule and Generate Market Momentum 1 Design 2 Build 3 Launch Now through Q1 2022 Q1 2022 through end of 2023 Commence Operations in 2024 Design all sub-systems, secure program Construction of satellites, build-out of ground Launch of satellites, in-orbit testing, n
Slide 26: The Communications Superhighway for the Space Economy
The Communications Superhighway for the Space Economy
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