Momentus Inc. · NASDAQ:MNTS
Momentus — Q3 2021 Earnings Presentation
22 slides from Momentus's earnings presentation, Nov 9, 2021
Slide 1: Q3 2021 Financial Results Presentation
November 9, 2021Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. Q3 2021 Financial Results Presentation
Slide 2: Forward-looking statements
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. This presentation contains certain statements which may constitute “forward-looking statements” within the meaning of Section 27A of the Securit
Slide 3: Recent business highlights
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • Signed National Security Agreement (NSA) with the U.S. government to alleviate concerns about our co-founders and repurchased all of the co-fo
Slide 4: Achieving our vision requires a clear objective with specific actions
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • ACHIEVING OUR VISION REQUIRES A CLEAR OBJECTIVE WITH SPECIFIC ACTIONS. • Objective: Continuously advance our technology to become an industry
Slide 5: Leadership with significant space and defense experience
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. WITH SIGNIFICANT SPACE & DEFENSE EXPERIENCE
Slide 6: Company overview
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • • ‒ – hub and spoke model for space transport, providing last mile delivery in partnership with key launch providers. ‒ – services that signif
Slide 7: Making access to space more affordable
Copyright 2020. Momentus Inc. Proprietary & Confidential. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. If you are not the intended recipient, please immediately delete this document and any associated communications. Co
Slide 8: Launch options and price estimates for small satellites
Copyright 2020. Momentus Inc. Proprietary & Confidential. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. If you are not the intended recipient, please immediately delete this document and any associated communications. Co
Slide 9: Smallsat to LEO TAM and space transportation market
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 0 500 1,000 1,500 2018 2020 2022 2024 Smallsat to LEO TAM, ($M) $40B 2018 $30B $20B $10B 0 Source: Stratistics SPACE TRANSPORTATION MARKET 2020
Slide 10: use, reproduction, or
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited.
Slide 11: Hosted payload transfer vehicle
Copyright 2020. Momentus Inc. Proprietary & Confidential. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. If you are not the intended recipient, please immediately delete this document and any associated communications. Co
Slide 12: Next-generation reusable vehicles for in-orbit services
Copyright 2020. Momentus Inc. Proprietary & Confidential. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. If you are not the intended recipient, please immediately delete this document and any associated communications. Co
Slide 13: Vigoride 3 development and test milestones
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. C0DR PDR CDR Unit Qual Sys Pre-Env TVAC Vibe Sys Post- Env Cust. Int. LV Int. Launch Complete Complete Complete Complete Nov. 15 In Process
Slide 14: Transaction ownership, sources and uses
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. SRAC Sponsor 6% SRAC public stockholders 16% PIPE (excluding sponsor) 11% Existing Momentus holders 67% 1. Includes 55.9m Momentus rollover shar
Slide 15: Q3 2021 financial highlights
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. • Non-restricted cash and cash equivalents of approximately $178 million as of September 30, 2021. • Gross debt of approximately $26.5M, consist
Slide 16: Appendix
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 16
Slide 17: Appendix
Slide 18: Statements of operations
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 18 2021 2020 2021 2020 Service revenue $ 200 $ - $ 330 $ - Cost of revenue (184) - (135) - Gross margin 384 - 465 - Operating expenses: Research
Slide 19: Balance sheet
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 19 September 30, 2021 Decembter 31, 2020 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 178,059 $ 23,005 Restricted cash, curren
Slide 20: Statements of cash flows
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. 20 2021 2020 Cash flows from operating activities: Net income (loss) $ 123,384 $ (126,329) Adjustments to reconcile net income (loss) to net cas
Slide 21: Notes on fair value changes
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. ▪ SAFE note fair value increases (decreases) are related to mark to market estimates. ▪ Warrant fair value increases (decreases) are related to
Slide 22: Notes on prepaid launch deposit impairment
Copyright 2021. Momentus Inc. Not Export Controlled. Any use, reproduction, or distribution without the express consent of Momentus is strictly prohibited. ▪ Prepaid launch deposit impairment charge relates to the forfeiture of deposits paid to SpaceX for 2021 launch services.