Slide 1: Second Quarter 2024 Investor Update
INTUITIVE MACHINES; SECOND QUARTER 2024 INVESTOR UPDATE August 13, 2024 en Se
Slide 2: Presenters: Steve Altemus and Steve Vontur
Steve Altemus Steve Vontur CO-FOUNDER, PRESIDENT & CHIEF EXECUTIVE OFFICER INTERIM CHIEF FINANCIAL OFFICER
Slide 3: Forward-looking statements
This presentation (and oral statements made regarding the subjects of this presentation) includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements that do not relate to matters of historical fact should be considere
Slide 4: Non-GAAP, Trademarks, Images
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 statements should not be relied upon as representing
Slide 5: Agenda
Highlights 6 Lunar Missions 9 Lunar Terrain Vehicle 12 Financials 14 2024 Outlook 16
Slide 6: Highlights
HIGHLIGHTS } Tw
Slide 7: Space infrastructure and services to commercialize the Moon
Transportation and delivery of Collection, processing, and Space assets performing tasks payloads (satellites, scientific interpretation of space-based and making decisions without instruments, cargo) to various data. human intervention. destinations in space. Applications: Command, control, Functio
Slide 8: Q2 2024 highlights: revenue, technology, new business, operations
$114.5 million revenue in the first half of the year, more than all of 2023. Revenue $41.4 million revenue in Q2, more than double the prior year Completed second mission (IM-2) engine qualification; expected shipment of Technology completed lander to the launch site in Q4; completed system requirem
Slide 9: Lunar Missions
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Slide 10: IM-2 assembly, landing site selection and contract modification
Assembly, Integration, and Testing Qualified the VR900 engine for the IM-2 lunar mission, which also advances the Company’s engine for heavy cargo delivery landers Landing Site Selection Finalized the mission two landing site at the Shackleton Connecting Ridge on the Moon’s south pole Contract Modif
Slide 11: PRIME-1, Micro Nova Hopper, Lunar Trailblazer payloads
PRIME-1: POLAR RESOURCES ICE MINING EXPERIMENT 1 NASA Kennedy Space Center µNova: Micro Nova Hopper NASA / Intuitive Machines Lunar Trailblazer NASA JPL Multi-Payload Delivery Epic Brokkr-2 Astroforge
Slide 12: Lunar Terrain Vehicle
LUNAR TERRAIN VEHICLE
Slide 13: Lunar Terrain Vehicle and Nova-D heavy cargo lander
Systems Requirement Review Completed system requirements review with NASA, validating the Company’s LTV and heavy cargo class lander architecture Heavy Cargo Lander (Nova-D) Payload Delivery Capacity 1,500 kg to the surface of the Moon Competitive Advantage Intuitive Machines is the only competing p
Slide 14: Financials
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Slide 15: Second Quarter 2024 Financials
SECOND QUARTER 2024 FINANCIALS Quarter-Over-Quarter Backlog* Year-Over-Year Revenue Year-Over-Year Operating Profit / (Loss) $300.0M $80.0M $10.0M $250.0M $60.0M $(0M) $222.4M ($13.2M) ($28.2M) $200.0M $213.0M $150.0M $40.0M $(10M) $41.4M $100.0M $20.0M $(20.0M) $50.0M $18.0M $0.0M $0.0M $(30.0M) Q1
Slide 16: 2024 Outlook
2024 OUTLOOK
Slide 17: 2024 Outlook
2024 OUTLOOK Expect full-year 2024 revenue of $210 - $240 million, resulting in 2.6x - 3x prior year sales Q2 ending cash balance expected to be sufficient to fund operations through the next 12 months Continue to add cash reserves based on projected wins and planned operations to execute growth tra
Slide 18: Qe
Qe