Space42 Plc · ADX:SPACE42
Space42 — Merger or Acquisition (May 2024)
27 slides from Space42's merger presentation, May 2024
Slide 1: Space42 – a shared ambition
Space42 – a shared ambition Merger of Bayanat and Yahsat May 2024
Slide 2: Space42 leadership
Space42 leadership Hasan Karim Michel Sabbagh Hasan Al Hosani Ali Al Hashemi Managing Director Managing Director Group CEO Space42 Bayanat Yahsat Renyl Andrew Cole Renyl Rauf CFO CFO Yahsat Bayanat 2
Slide 3: Merger Overview, Financial Performance, Appendix
1 Merger Overview Introduction Yahsat and Bayanat Overview Space42 Positioning Introducing Space42 Segments Future Growth 2 Financial Performance Consolidated Performance 2022-23 Business Unit Performance 2022-23 Balance Sheet Overview Future Contracted Revenue Future Value Creation and Growth 3 App
Slide 4: Merger Overview
MERGER 1 OVERVIEW
Slide 5: Space42 is UAE's national champion with global reach
Enlighten the World From Space Space42 is UAE’s national champion with global reach, distinguished by seamless integration of satellite communication, geospatial, and AI capabilities, positioned as a formidable powerhouse in the space industry Merged Key Financials (2023A1) Companies USD 3.6Bn Timin
Slide 6: Yahsat provides multi-mission satellite services in 150+ countries
Yahsat provides multi-mission satellite services in 150+ countries Infrastructure Managed Solutions (YGS) Mobility Solutions (Thuraya) Data Solutions (YahClick) Leasing of critical satellite capacity O&M, consultancy and managed Narrowband services (voice and data) Broadband, backhauling, corporate
Slide 7: Bayanat is a geospatial analytics leader and technology innovator
Bayanat is a geospatial analytics leader and technology innovator Smart Space Solutions (SPAS) Smart Geospatial Solutions (SGS) Smart Operations Solutions (SOPS) Smart Mobility Solutions (SMOS) Advancing space-based platforms for Providing comprehensive geospatial Revolutionizing operational and log
Slide 8: Space42 assets cover the entire value chain – from Earth to Space
Space42 assets cover the entire value chain – from Earth to Space Geostationary Al Yah 1–3 Thuraya T2 & T3 Al Yah 4 & 5(1) Thuraya T4(1) Orbit (GEO) 5 Satellites (36,000 km above Earth) Existing Satellites AI Multi-intelligence Platform and 3 in pipeline Integrated for SatCom and Geospatial AI drive
Slide 9: Unity of SatCom, Geospatial and AI unlocks next-gen value for Space42
Unity of SatCom, Geospatial and AI unlocks next-gen value for Space42 Unlocking value for customers Unique combination of SatCom, Geospatial and AI assets • Superior insights • NRT(1) situational awareness and control • Improved connectivity and security Optimal balancing of cash-generating and high
Slide 10: Space42 will be organized in two units
will be organized in two units Space Intelligent Solutions Business unit focuses on Upstream and Mid-stream Business unit focuses on Downstream AI-enabled infrastructure-centric activities, mainly covering services and new technology incubation, mainly Yahsat’s satellite communications business cove
Slide 11: Space BU will unlock value by uniting SatCom and Geospatial assets
Space BU will unlock value by uniting SatCom and Geospatial assets Geostationary Space BU generates superior value Orbit (GEO) Al Yah 1–3 Thuraya T2 & T3 Al Yah 4 & 5 Thuraya T4 for the company and its customers Satellites (36,000 km above Earth) Market Low Earth • Integrated sovereign orbital and g
Slide 12: Intelligent Solutions BU generates actionable, meaningful insights
Intelligent Solutions BU generates actionable, meaningful insights 1 DATA ACQUISITION Trusted partner and provider of traditional geospatial data sourced by: Aerial Survey Mobile Survey Hydro Survey Geodesy & Field Survey Access and provision of a full range of New capabilities in high-tech data acq
Slide 13: Space42's business is aligned with growth trends
Space42’s business is aligned with growth trends USD 149bn market with 27% CAGR Market segments addressed by Space42 is at forefront, ready to seize unparalleled BUs show high double-digit growth opportunities in growing markets Military satellite Space communications 13% 149 • Secure satellite comm
Slide 14: Space42 is set for scalable, synergy-fueled growth
Space42 is set for scalable, synergy-fueled growth Space42’s growth is fueled by differentiated capabilities Hypergrowth initiatives will leverage Space42’s integrated structure – three select examples Key Growth Enablers Al Yah Thuraya Geostationary Al Yah 4 & 5(1) Thuraya T4(1) 1–3 T2 & T3 Orbit (
Slide 15: Financial Highlights
2 FINANCIAL HIGHLIGHTS
Slide 16: Robust growth backed by strong balance sheet and signed contracts
Robust growth backed by strong balance sheet and signed contracts Space42 – FY 2023 pro-forma (“PF”) financial highlights 2022 2023 1 Revenue USD 647m USD 772m +19% 2 EBITDA USD 315m USD 326m +3% 3 EBITDA margin 49% 42% -7pp 4 Net profit USD 121m USD 174m +44% 5 Net profit margin 19% 22% +3pp 6 Cont
Slide 17: Space BU delivered growth across all key metrics
Space BU delivered growth across all key metrics Revenue EBITDA Net Income (in USD m) (in USD m) (in USD m) 60% 3% 58% 68% 6% 15% 24% 433 457 258 266 66 110 FY22PF FY23PF FY22PF FY23PF FY22PF FY23PF • Growth across all four operating segments • Good control of the cost base maintaining a • Strong in
Slide 18: Intelligent Solutions BU delivered growth across all key metrics
Intelligent Solutions BU delivered growth across all key metrics Revenue EBITDA Net Income (in USD m) (in USD m) (in USD m) 4% 26% 15% 20% 47% 27% 19% 215 316 58 60 55 63 FY22PF FY23PF FY22PF FY23PF FY22PF FY23PF • 2023 Revenue is higher by 47% (USD 101m) • 2023 EBITDA in absolute value is higher by
Slide 19: Space42 holds strong balance sheet enabling growth investments
Space42 holds strong balance sheet enabling growth investments Total Assets Net Debt (in USD m) (in USD m) -318 2,528 2,025 -207 406 -2 22A 22A 23PF 22A 22A 23PF Yahsat Bayanat Space42 Yahsat Bayanat Space42 • USD 1.2bn PPE including satellite and ground assets • Term Loans of USD 435m with an all-i
Slide 20: Future contracted revenues ensure sustainability of the business
Future contracted revenues ensure sustainability of the business 5,093 7,406 36 Space (Yahsat) 581 Intelligent Solutions (Bayanat) 380 5,057 24 (in USD m) 356 401 44 357 470 99 371 6,825 490 146 344 572 232 340 2024 2025 2026 2027 2028 2029 and beyond Cumulative contracted revenue (as of 31 Dec, 202
Slide 21: Double-digit revenue and variable costs synergies expected
Double-digit revenue and variable costs synergies expected 1 2 3 Revenue Cost Balance sheet/others Meaningful ramp-up of incremental Efficiencies expected in the areas of Stronger consolidated balance sheet revenue from 2025 onwards driven by headcount and core operation as a result • Headroom of US
Slide 22: Space42 will prioritize value creation through profitable growth
Space42 will prioritize value creation through profitable growth Space42 Financial framework Vision Capitalize on superior standalone and merged SGAI(1) services and pursue profitable growth opportunities, leading to increased company valuation 1 2 3 Organic Growth Inorganic Growth Returns Maximizat
Slide 23: Appendix
3 APPENDIX
Slide 24: AI Services: Earthquake and flood analysis with gIQ
AI Services February 2023 - Turkey-Syria Earthquake crisis response and analysis First contribution to the International Charter for Space and Major Disasters Bayanat supported UAE Space Agency in submitting gIQ platform is several analytical reports on the Earthquake in Turkey revolutionizing how w
Slide 25: New Technology: Bayanat L4 autonomous ride-hailing
New Technology Bayanat is the first company to bring L4 Autonomous ride-hailing services to the region via the TXAI App, which has received positive customer feedback and widespread media attention. Fast-forward into the 19 30,000+ 100,000+ 97% 15,000+ 2,000+ 35,000+ future of mobility through Pick
Slide 26: Disclaimer
Disclaimer This document does not constitute an offer, invitation to purchase securities of Bayanat AI PLC and/or Al Yah Satellite Communications Company P.J.S.C. (‘Space 42’ or ‘Company’), or an agreement, or a solicitation of an offer or an agreement, to enter into any transaction (including for t
Slide 27: Contact Us
CONTACT Email: ir@bayanat.ai ir@yahsat.ae US