Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (May 2025)
25 slides from Gilat Satellite Networks's investor presentation, May 2025
Slide 1: Leading the multi-orbit revolution
Leading the multi- orbit revolution Investor Presentation May 2025 Gilat Proprietary and Confidential
Slide 2: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify
Slide 3: We are Gilat
We are Gilat Bringing Boundless Communication Defense Aero/IFC Innovative Ground Equipment Government Cellular Backhaul 2G 3G 4G 5G Enterprise Land Digital Inclusion Maritime ~1,200 1987 16 Employees Founded Sales Offices Telecom, Infrastructure 7 3 GILT & Services LEO Gateway R&D Centers NOC Center
Slide 4: Gilat Business Segments
Gilat Business Segments Gilat Defense Gilat Commercial Gilat Peru Provides secure, rapid-deployment Provides advanced broadband Terrestrial & satellite telecommunication solutions for military organizations, satellite communication networks service provider including large scale government agencies,
Slide 5: Proven Excellence in Commercial and Defense Applications
Proven Excellence in Commercial and Defense Applications Service Providers & MNO’s 100+ Countries 300+ Customers 100s of Networks Satellite Operators System Integrators Government and Defense Gilat Proprietary and Confidential 5
Slide 6: Investment Highlights
Investment Highlights Positioned to Capture Accelerating Market Demand and Growth in a Transforming Satellite Landscape Satellite industry Shift of geopolitical Market leader on the cusp of landscapes with established heavy, multi-year increasing reputation for investment period demand for innovatio
Slide 7: Value Chain
Value Chain Gilat is the Market Leading Ground Equipment Manufacturer Satellite Manufacturer Satellite Operator Ground Equipment Service Provider End Users Gilat Proprietary and Confidential 7
Slide 8: Uniquely Positioned to Unlock Growth Opportunities
Uniquely Positioned to A Growing Multi-Billion Unlock Growth Opportunities Dollar Equipment Market Total Addressable Market ($M) VHTS & NGSO Abundance of Capacity 5,202 LEO is set to transform satellite 4,675 connectivity, a pivotal moment poised 4,103 for breakthrough growth. 3,662 3,876 2,771 3,32
Slide 9: Abundance of Capacity
Abundance of Capacity Large Capital Spending Continues in the Satellite Industry >$20B a year GEO Altitude: 35,786 km | Latency: ~550ms HTS/VHTS MEO Altitude: 2,000-10,000 km | Latency: ~120ms SES/mPOWER SES/mPOWER LEO Altitude: 500-2,000 km | Latency: ~15ms IRIS2 Starlink Telesat OneWeb Amazon Risi
Slide 10: Gilat's SkyEdge IV
Gilat's SkyEdge IV World’s First Multi-Orbit Platform Land Mobility Broadband Enables higher capacity, availability and throughput Aviation with the lowest cost per bit Provides the most advanced features to meet the demands of today’s SATCOM users Defense IoT Specifically crafted for a seamless evo
Slide 11: Gilat Commercial Markets
Gilat Commercial Markets Addressable Market Equipment revenues (USD Millions) 3,000 2,500 IFC Maritime Digital Inclusion 2,000 Commercial Aviation Commercial Vessels Rural Connectivity Business Aviation Education 1,500 Agriculture 1,000 500 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 CBH Enterpri
Slide 12: ESA for Aviation Taking Center Stage
ESA for Aviation Taking Center Stage • Swift adoption by the aviation sector Number of installed ESA Terminals • ~2000 new units deployed annually 16,000 14,000 • LEO and Multi Orbit as the main catalysts 12,000 • The US DoD is a driving force, with substantial 10,000 development programs 8,000 6,00
Slide 13: In-Flight Connectivity
In-Flight Connectivity Over 4000 Aircraft Deployed with Gilat Solutions Broad IFC Solutions (line-fit & retrofit) Aero Antennas 400 Mbps Modem Expanding Fleets ~19,500 ~16,000 (2032) (2032) Commercial Business Transceivers Aircraft CAGR 9% Aircraft CAGR 19% ~9,000 ~3,400 (2023) (2023) Ground Novaspa
Slide 14: Gilat Defense Markets
Gilat Defense Markets Delivering Mission Success Anywhere on Land, Sea and Air Addressable Market Equipment revenues (USD Millions) 2,500 2,000 Land Air Sea 1,500 Manpack Intelligence, Surveillance, Manned vessels Reconnaissance (ISR) 1,000 Portable / Transportable Unmanned vessels Unmanned Aerial F
Slide 15: Gilat Delivers Internet to Millions of People in Peru
Gilat Peru Satellite & Terrestrial Telecommunication Service Provider and Integrator for social inclusion, Commercial & Government Amazonas Shifting Operations to Recurring Revenue Model Gilat Delivers Internet to Millions of People in Peru Lima Huancavelica Cusco Ica Apurimac One of the Largest Pri
Slide 16: Financial Highlights
Financial Highlights Gilat Proprietary and Confidential 16
Slide 17: Q1 2025 Profit and Loss Highlights
Q1 2025 Profit and Loss Highlights US$ Millions Q1/25 Q4/24 Q3/24 Q2/24 Q1/24 GAAP Revenue 92.0 78.1 74.6 76.6 76.1 Operating Expenses 31.1 18.3 20.9 23.8 22.7 Operating Income (2.7) 12.8 6.7 2.8 5.4 Net Income (loss) (6.0) 11.8 6.8 1.3 5.0 Non-GAAP Gross Margin 32% 40% 38% 37% 38% Adj. EBITDA 7.6 1
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights US$ Millions Q1/25 Q4/24 Q3/24 Q2/24 Q1/24 Cash, net 1 3.8 118.2 106.0 92.6 98.5 DSO 2 75 71 83 88 76 Cash From Operations (6.6) 16.3 14.7 (3.5) 4.2 Equity 299.5 304.4 291.5 282.8 280.8 1) Cash includes Cash and cash equivalents and restricted cash, net of loans 2) DSO exclu
Slide 19: Executing Profitable Growth Strategy
Executing Profitable Growth Strategy 2025 Market Guidance (US$ Millions) Annual Revenues Ajusted EBITDA 415 - 455 47 - 53 42.2 305.4 36.4 266.1 2023 2024 2025E 2023 2024 2025E Revenues: Adjusted EBITDA: $415M - $455M $47M - $53M Gilat Proprietary and Confidential 19
Slide 20: 2025 Market Guidance by Segment
2025 Market Guidance by Segment Annual Revenues (US$ Millions) Gilat Commercial Gilat Defense Gilat Peru 270 - 295 100 - 110 51 52 98 45 -50 48.0 195 155 20 2023 2024 2025E 2023 2024 2025E 2023 2024 2025E $270M - $295M $100M - $110M $45M - $50M Gilat Proprietary and Confidential 20
Slide 21: Summary
Summary Uniquely Positioned to Unlock Growth Opportunities VHTS and NGSO Opening New Markets SkyEdge IV is a leading VHTS and NGSO Platform Leading in Main Growth Areas IFC with modems & ESA Focused on Military SATCOM Networks Positioned to accelerate Revenue Growth Gilat Proprietary and Confidentia
Slide 22: Thank You
Thank You Gilat
Slide 23: Appendix
Appendix Gilat Proprietary and Confidential 23
Slide 24: Stellar Blu - First-to-Market ESA Multi-Orbit for Commercial Aviation IFC
Stellar Blu - First-to-Market ESA Multi-Orbit for Commercial Aviation IFC Deal Size & $98M Initial cash + up to $147 goals based earnout Financing Internal resources + up to $100M in credit line 2025 Revenues Revenues $120M-$150M, based on firm backlog & profitability AEBITDA >10% during H2/25 proje
Slide 25: Historical Information - Unaudited
Historical Information - Unaudited US$ Millions Non-GAAP 2024 Commercial Defense Gilat Peru Total Revenue 155.3 97.8 52.3 305.4 Gross Profit 76.0 28.5 12.5 117.0 Operating Income 24.3 3.8 3.8 31.9 Adj. EBITDA 31.0 5.6 5.6 42.2 2023 Commercial Defense Gilat Peru Total Revenue 195.0 19.7 51.4 266.1 Gr
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