Intuitive Machines, Inc. · NASDAQ:LUNR
Intuitive Machines — Q4 2023 Earnings Presentation
21 slides from Intuitive Machines's earnings presentation, Mar 21, 2024
Slide 1: Fourth Quarter 2023 Investor Update
INTUITIVE MACHINES FOURTH QUARTER 2023 INVESTOR UPDATE MARCH 21, 2024
Slide 2: Today's Presenters
TODAY'S PRESENTERS Steve Altemus Steve Vontur CO-FOUNDER, PRESIDENT & CHIEF = = EXECUTIVE OFFICER INTERIM CHIEF FINANCIAL OFFICER m 5 y
Slide 3: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS This presentation (and oral statement made regarding the subjects of this presentation) contains “forward-looking statements’ within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, These statements that do not relate to matte
Slide 4: Disclaimer and Forward Looking Statements (continued)
DISCLAIMER AND FORWARD LOOKING STATEMENTS > These forward-looking statements are based on information available as of the date of this presentation and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking staterne
Slide 5: Agenda
Slide 6: Section 01: Lunar Access Services
AR ACCESS SERVICES LO NOLLIAS
Slide 7: IM-1 Success
IM-1 SUCCESS + Successfully soft-landed the Company's Nova-C class lunar lander, Odysseus, on the Moon + Returned the United States to the lunar surface for the first time in over 50 years + Fundamentally disrupted the economics of landing on the Moon, demonstrating unprecedented economics and effic
Slide 8: IM-2 Update
LUN IM-2 UPDATE Targeting the Shackleton Connecting Ridge at the Moon’s south pole Assembling all propulsion and structural components Completed Micro Nova rocket-fueled drone thermal vacuum chamber testing Identified approximately six minor adjustments to the flight-proven Nova-C design for IM-2 Wo
Slide 9: Section 02: Lunar Data Services
SECTION O2 _\ LUNAR DATA SERVICES LUN
Slide 10: Global Integration Success
EE GLOBAL INTEGRATION SUCCESS + Integrated worldwide radio astronomy dishes in more than a dozen countries + Became the only commercial provider to validate lunar data services from the Moon's surface + Successfully augmented and demonstrated interoperability with NASA’s Deep Space Network + Validat
Slide 11: Section 03: Orbital Services
SECTION O3 2 " at “\ ORBITAL SERVICES
Slide 12: OMES III Update
OMES Ill UPDATE
Slide 13: Section 04: Space Products and Infrastructure
SECTION O4 — ~ . \ SPACE PRODUCTS AND INFRASTRUCTURE
Slide 14: Lunar Terrain Vehicle Services (LTVS) Contract
SPACE PRODUCTS AND INFRASTRUCTURE LUNAR TERRAIN VEHICLE SERVICES (LTVS) CONTRACT Total Program Value $4B+ across two phases of awards with multiple potential awardees omen | NTU ITIV E Phase One: LTVS Feasibility Assessment - Expected to award multiple teams MACHINES + One-year contract to reach pro
Slide 15: Flight Proven Space Products
FLIGHT PROVEN SPACE PRODUCTS - Performed the first-ever deep space ignition of liquid methane and liquid oxygen propulsion system - Completed multiple engine restarts in space - Demonstrated reliability in providing successful spacecraft maneuvers to the lunar surface - Processed optical imagery usi
Slide 16: Section 05: Success-Driven Business Development
SECTION OS go FOS Pa ee ne YS eq } | = > m 4 j j 7 ¥ & / / y ~*~ ve ~ \.__ SUCCESS-DRIVEN BUSINESS DEVELOPMENT
Slide 17: Key Priorities
IVEN BUSI LOPMENT KEY PRIORITIES + Submitted past performance data to NASA for consideration in its next CLPS mission - Attracted a surge of interest from international partners and space agencies - Forging a new relationship with a world-leading cancer research team « Exploring government and comme
Slide 18: Section 06: Financials
Slide 19: Q4 2023 financial highlights
= a + Operating loss was ($5.9) million vs $13.0 million in the year prior period - Prior year included a one-time NASA change order to move our IM-1 landing location - Higher cost of revenue and public company costs $30.6 million in revenue in the fourth quarter of 2023 Driven primarily by NASA's C
Slide 20: Key Financial Priorities
024 KEY FINANCIAL PRIORITIES y Significant Revenue Growth Driven by Current Backlog , Improving Gross Margins with Q1 Favorability Driven by Approximately $12.5 million of NASA and Commercial IM-1 Mission Completion Milestones Continued Backlog Growth Through Key Artemis Awards and Increased Custome
Slide 21: Section 07: Q&A