Space42 Plc · ADX:SPACE42
Space42 — Investor Presentation (April 2025)
30 slides from Space42's investor presentation, Apr 10, 2025
Slide 1: Space42 Investor Presentation
Space42 Investor Presentation 10 April 2025 Copyright © 2024 Space42 Plc (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.
Slide 2: Speakers
Speakers Karim Michel Sabbagh Andrew Cole Managing Director Chief Financial Officer Copyright © 2024 Space42 Plc (Space42) 2
Slide 3: Topics
Topics 1 Key highlights 2 Space42: At the intersection of SatCom, Geospatial and AI 3 Strategy update 4 Financial profile
Slide 4: Key highlights
ISPACERES Key highlights
Slide 5: Key highlights
Key highlights Successful merger between Bayanat and Yahsat to form Space42 - bringing together advanced satellite communication capabilities and geospatial data analytics to create an AI powered space technology champion Strategic plan - underpinned by four core pillars focused on assuming leadersh
Slide 6: Space42: At the intersection of SatCom, Geospatial and AI
2 Space42: At the intersection of SatCom, Geospatial and AI
Slide 7: Enlighten the world from space
Enlighten the world from space Space42 is an unprecedented combination between Yahsat's advanced satellite (S) communication capabilities and Bayanat’s geospatial (G) data analytics expertise to create an artificial intelligence (AI) powered space technology champion • Tech-enabled innovation throug
Slide 8: Space42 to become a global leader in AI-driven space technology
Space42 to become a global leader in AI-driven space technology AI Analytics AI-enabled advanced multi-intelligence data analytics generating insights derived from space assets Space42 is uniquely positioned to leverage capabilities across all three sectors SatCom Geospatial Combination creates oppo
Slide 9: Business aligned with growth trends
Business aligned with growth trends Positioned to capture high-growth opportunities in key areas of play 2023 Global Market Size CAGR 2023-2028 Space Services Market size 2023: • Secure satellite AED 22Bn Military satellite communications with 13% Space Services communications government long-term 1
Slide 10: Assets covering the entire value chain – from Earth to Space
Assets covering the entire value chain – from Earth to Space Geostationary AY 1–3 Thuraya T2 & T3 AY4 & AY5(1) Thuraya T4 6 Orbit (GEO) Satellites Existing (36,000 km above Earth) satellites and 2 AI Multi-intelligence Platform in pipeline Integrated for SatCom and Geospatial 2 Low Earth Orbit (LEO)
Slide 11: Strategy update
ISPACERES Strategy update
Slide 12: Translating vision into reality
Translating vision into reality Core pillars and sectorial priority will secure future growth, with uplift in the longer-term from key enablers Core Pillars Enabling Pillars Become preferred partner for premium geospatial data 1 Drive in-country space Build tier-1 sovereign multi-sensor EO assets an
Slide 13: Become preferred partner for premium geospatial data (1/2)
1 Become preferred partner for premium geospatial data (1/2) Build tier-1 sovereign multi-sensor EO assets and capabilities Successfully launched Foresight 1 and Foresight 2, Pioneering SAR satellite manufacturing in UAE through joint 1 2 as part of a comprehensive SAR1 Constellation venture with IC
Slide 14: Become preferred partner for premium geospatial data (2/2)
1 Become preferred partner for premium geospatial data (2/2) Build tier-1 sovereign multi-sensor EO assets and capabilities Develop fully integrated Earth Observation ecosystem in UAE 3 4 Advance next-gen HAPS1 through joint venture with FADA, an EDGE company Proposition ▪ Establish a national champ
Slide 15: Become leader in GeoInt AI platform and services
2 Become leader in GeoInt AI platform and services Develop and deliver geospatial intelligence services and industry-specific platforms Space42 and FADA announced strategic partnership to provide real-time geospatial insights for defense, security and environmental applications Geospatial Intelligen
Slide 16: Become a global NTN leader
3 Become a global NTN leader Lead the NTN revolution with IoT and D2D Thuraya-4 launched earlier this year, paving the way for next gen Space42 and Viasat recently signed a MOU1 to explore partnership 1 D2D mobile satellite solutions 2 options for developing a 5G NTN2 initiative ▪ Space42-Viasat Tea
Slide 17: Enhance leadership position in secure connectivity solutions
4 Enhance leadership position in secure connectivity solutions Deliver next gen GEO Al Yah 4 (AY4) & Al Yah 5 (AY5) program Al Yah 4 & Al Yah 5 Overview Mission • Government Mil-Ka-Band and C-Band Advantage to Al Yah 1 and Al Yah 2 • Increased capacity • Enhanced coverage • Improved security CapEx •
Slide 18: Strategic plan objective
Strategic plan objective Guided by five principles Programmatic Scalability Growth Prioritize clearly defined growth Unlock opportunities and business programs that bring incremental models which can be materially and recurring value scaled and are not constrained by geography, customer segment or s
Slide 19: Financial profile
ISPACERES Financial profile
Slide 20: Financial Highlights
Financial Highlights Revenue shortfall reflects temporary timing shifts in execution of a major multi-year program (Smart Solutions) and Thuraya-3 anomaly Resilient financial performance with revenue shortfall (Space Services) – recovery expected in 2025 offset by significant cost reduction and othe
Slide 21: Cash Bridge
Cash Bridge +51% 103 ▪ Strong operating cash (295) 1,163 flow partially offset by 84 reimbursement of CSA 500 advance ▪ Primarily relates to Mainly comprises: satellite CapEx (of which ▪ Partial draw down of USD 228Mn for AY 4&5 770 Bridge (USD 250Mn) program) ▪ Receipt of advance ▪ Repayment of ter
Slide 22: Contracted Future Revenues out to 2043
Contracted Future Revenues out to 2043 93% of cumulative contracted revenue relates to Space Services 5,108 7,003 400 5,059 49 354 420 46 6,510 359 492 61 of which: CMSM1 - $5.1bn 381 CSA - $0.5bn T42 - $0.8bn 582 111 MSM: $0.1bn 357 493 225 2025 2026 2027 2028 2029 & beyond Total contracted future
Slide 23: Growth supported by significant organic investment
Growth supported by significant organic investment Projected CapEx of more than USD 1.3Bn over next five years to support growth CapEx roll-out 2025-2029 CapEx by program 425 5% 84 23% 2 324 57 298 81 57 23 1 4 1% 47 170 220 50 131 16% 55% 218 17 3 43 190 3 101 69 62 15 2025 2026 2027 2028 2029 T4 A
Slide 24: Debt maturity profile
Debt maturity profile Attractive tenors and low all-in cost of financing Existing facilities 391 • All facilities relate to Yahsat Space Services • Term Loan 5 to be fully repaid by 2026 110 • T4 ECA facility of USD 273Mn with repayment starting in December 2024 until 2032 31 Paid as of New faciliti
Slide 25: Financial framework built on three pillars
Financial framework built on three pillars Capitalize on superior standalone and merged Vision SGAI services and pursue profitable growth opportunities, leading to increased company valuation Organic Growth 1 Inorganic Growth 2 Returns Maximization 3 Strategic Scalability, value-chain expansion Cash
Slide 26: Appendix
ISPACERES Appendix
Slide 27: Income Statement Highlights
Income Statement Highlights Financial extracts FY’24 FY’23 FY YoY Δ Revenue 629 772 (19%) (143) ▪ Revenue headwinds (-19%) due to temporary shifts in execution of a major multi-year program and Thuraya-3 satellite anomaly Cost of revenue (168) (263) (36%) 95 ▪ Lower cost base (-19%) reflecting lower
Slide 28: Strong Balance Sheet
Strong Balance Sheet Balance sheet extracts FY’24 FY’23 FY YoY Δ ▪ Increase in CWIP1 reflects USD 290Mn ramp up of AY 4&5 program Fixed Assets (Satellites, ground as well as other major projects such as Thuraya-4 (USD 82Mn) systems/infrastructure, land and buildings, incl. 1,208 1,361 (11%) (152) ca
Slide 29: Disclaimer
Disclaimer The information contained in this presentation represents a summary of the condensed pro forma consolidated financial statements for the full year ended 31 December 2024 (the full year 2024 Financial Statements) of Space42 PLC and its subsidiaries (Space42). This presentation does not pur
Slide 30: space42.ai ir@space42.ai
space42.ai ir@space42.ai Copyright © 2024 Space42 Plc (Space42) This document contains Space42's proprietary and confidential information. Any disclosure, copying, distribution or use is prohibited, if not otherwise explicitly agreed with Space42 in writing.