Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (August 2025)
25 slides from Gilat Satellite Networks's investor presentation, August 2025
Slide 1: Leading the Multi-Orbit Revolution
Leading the Multi-Orbit Revolution Investor Presentation August 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 ~1,200 1987 GILT Digital Inclusion Maritime Employees Founded NASDAQ/TASE 16 7 3 Telecom, Infrastructure LEO Gateway & Services Sales Offices R&D Center
Slide 4: Gilat Business Segments
Gilat Business Segments Gilat Defense Gilat Commercial Gilat Peru • Secure, rapid-deployment • Advanced broadband satellite • Terrestrial & satellite solutions for military communication networks and telecommunication service organizations, government solutions. provider. agencies, and defense • Ser
Slide 5: Proven Excellence in Commercial and Defense Applications
Proven Excellence in Commercial and Defense Applications Satellite Operators Service Providers & MNO’s 100+ Countries 300+ Customers 100s of Networks System Integrators Government and Defense Gilat Proprietary and Confidential 5
Slide 6: 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 6
Slide 7: 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 LEO is set to transform satellite 6,513 connectivity, a pivotal moment poised 5,872 for breakthrough growth. 5,226 2,522 4,594 2,432 3,90
Slide 8: 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 9: Gilat's SkyEdge IV
Gilat's SkyEdge IV World’s First Multi-Orbit Platform Land Mobility Aviation Broadband Enables higher capacity, availability and throughput 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 10: Gilat Commercial Markets
Gilat Commercial Markets Addressable Market Equipment revenues (USD Millions) 3,000 2,500 IFC Maritime Digital Inclusion Commercial Aviation Commercial Vessels Rural Connectivity 2,000 Business Aviation Education Agriculture 1,500 1,000 500 0 Enterprise Cellular Backhaul Gateway 2024 2025 2026 2027
Slide 11: 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 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 9,000 8,000 • LEO and Multi Orbit as the main catalysts 7,000 6,000 • The US DoD is a driving force, with substantial 5,000 development programs 4,000 3,
Slide 13: Defense Landscape
Defense Landscape Gilat Proprietary and Confidential 13
Slide 14: Space Defense Spending is Soaring
Space Defense Key Countries Expenditures Spending is Soaring $38,932 M $8,835 M $2,586 M $1,329 M 1 Growing Geopolitical Tensions USA China Russia $660 M France $685.7 M $660.1 M $516 M 2 Space is Becoming Increasingly Important Japan UK EU Germany 3 Rapid Technology Advancements Lower barriers made
Slide 15: Gilat Defense Markets
Gilat Defense Markets Delivering Mission Success Anywhere on Land, Sea and Air Addressable Market Equipment revenues (USD Millions) 4,000 3,500 Land Air Sea 3,000 • Manpack • Intelligence, Surveillance, • Manned vessels 2,500 • Portable / Transportable Reconnaissance (ISR) • Unmanned vessels 2,000 •
Slide 16: Gilat Defense - Unified Solutions Under One Roof
Gilat Defense - Unified Solutions Under One Roof Space Segment Airborne Terminals UAV Terminals Manpacks Hubs On-The-Move Terminals Deployable Terminals for Command Posts & Field HQ Maritime GilatGilat Proprietary and Proprietary Confidential and Confidential 16
Slide 17: Gilat Delivers Internet to Millions of People in Peru
Gilat Peru Satellite & Terrestrial Telecommunication Service Provider and Integrator for social inclusion, Commercial & Government Amazonas Shifting Operations to Recurring Revenue Model Gilat Delivers Internet to Millions of People in Peru Lima Huancavelica Cusco Ica Apurimac One of the Largest Pri
Slide 18: Financial Highlights
Financial Highlights Gilat Proprietary and Confidential 18
Slide 19: Q2 2025 Profit and Loss Highlights
Q2 2025 Profit and Loss Highlights US$ Millions Q2/25 Q1/25 Q4/24 Q3/24 Q2/24 GAAP Revenue 105.0 92.0 78.1 74.6 76.6 Operating Expenses 26.2 31.1 18.3 20.9 23.8 Operating Income 5.7 (2.7) 12.8 6.7 2.8 Net Income 9.8 (6.0) 11.8 6.8 1.3 Non-GAAP Gross Margin 33% 32% 40% 38% 37% Adj. EBITDA 11.8 7.6 12
Slide 20: YTD 2025 Profit and Loss Highlights
YTD 2025 Profit and Loss Highlights US$ Millions H1-25 H1-24 GAAP Revenue 197.0 152.7 Operating Expenses 57.4 46.4 Operating Income 2.9 8.2 Net Income 3.8 6.3 Non-GAAP Gross Margin 32% 37% Adj. EBITDA 19.4 19.4 Operating Expenses 49.3 43.0 Operating Income 14.4 13.9 Net Income 13.8 11.6 Gilat Propri
Slide 21: Strong Balance Sheet
Strong Balance Sheet US$ Millions Q2/25 Q1/25 Q4/24 Net Cash 1 5.5 3.8 118.2 DSO 2 60 75 71 Cash From Operations 5.1 (6.6) 16.3 Equity 316 299.5 304.4 • January 2025 – Secured a $100M credit line from HSBC and Hapoalim to fund the acquisition of Stellar Blu • $60M allocated for the initial acquisiti
Slide 22: Executing Profitable Growth Strategy
Executing Profitable Growth Strategy 2025 Market Guidance (US$ Millions) Revenue Ajusted EBITDA 435-455 50-53 42.2 305.4 2024 2025E 2024 2025E Revenue: Adjusted EBITDA: 1) Growth at the midpoint $435M - $455M $50M - $53M 46% YoY Growth1 22% YoY Growth1 Raised 2025 Revenue and EBITDA Midpoint Gilat P
Slide 23: Revenue by Segment
Revenue by Segment Annual Revenues (US$ Millions) Gilat Commercial Gilat Defense Gilat Peru 280-300 102-110 52 98 48-52 155 2024 2025E 2024 2025E 2024 2025E $280M - $300M $102M - $110M $48M - $52M Gilat Proprietary and Confidential 23
Slide 24: 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 25: Thank You
Thank You www.gilat.com Gilat
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