Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Merger or Acquisition (June 2024)
13 slides from Gilat Satellite Networks's merger presentation, June 2024
Slide 1: Gilat Acquires Stellar Blu Solutions
Gilat Acquires Stellar Blu Solutions Adi Sfadia , CEO June 2024 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: Agenda
Agenda 1. Acquisition Highlights 2. Lucrative and Growing IFC Market 3. Stellar Blu Solutions 4. Synergies 5. Financial Highlights 6. Summary Gilat Proprietary and Confidential 3
Slide 4: Acquisition Highlights
Acquisition Highlights Positioned to lead Significant revenue $98 Million at Significant Most advanced the Commercial and EBITDA closing, and up to opportunity to product portfolio and Business profitable growth an additional $147 penetrate the IFC for the IFC market Aviation IFC Backed by a firm Mi
Slide 5: Lucrative and Growing IFC Market
Lucrative and Growing IFC Market CA Market Potential BA Market Potential Source: Quilty Space Source Euroconsult IFC report 2023 Gilat Proprietary and Confidential 5
Slide 6: Stellar Blu – First-to-Market
Stellar Blu – First-to-Market ESA Multi-Orbit for Commercial Aviation IFC ~60 employees About Main Locations: Ft. Worth, TX, San Diego CA, Europe (UK, Munich, Value Krakow) Proposition SBS’s initial go-to-market targets commercial Strategy aviation The company’s product is a multi-orbit (GEO, Techno
Slide 7: Winning Product Offering
Winning Product Offering Select Product Features GPS Antenna ‒ Low profile, no radome – lowest TCO ‒ Operate with LEO, GEO, and MEO networks ‒ Agnostic architecture allowing customization to different service providers Bombardier CRJ-700 Test Flight (Dec 2022) Aircraft Personality Power Supply Unit
Slide 8: Synergies: Product
Synergies: Product SBS ESA Broad IFC Solutions (Line-fit & Retrofit) Ku ESA 400 Mbps Modem Ground Transceivers Equipment ~7,000 Aircraft Flying with Gilat Solutions in ~25 Airlines Gilat Proprietary and Confidential 8
Slide 9: Synergies: New Customers in Commercial Aviation
Synergies: New Customers in Commercial Aviation Upon Acquisition Longer Term Prospects Ku Ka/Ku Service providers (GEO and LEO) in Ka Additional aircraft manufacturers Government and Defense Land mobility solutions Gilat Proprietary and Confidential 9
Slide 10: Synergies: Commercial and Business
Synergies: Commercial and Business Leverage Gilat Economies of SBS Aircraft Combined Talent Presence in the Scale Engineering, and Resources = Defense and Certification, Superior Product Land Mobility Integration Know- Segments How & Support Gilat Proprietary and Confidential 10
Slide 11: Financial Highlights
Financial Highlights Deal Size Deal Financing Expected Closing Initial cash of $98M A combination of Gilat’s cash H2/24 resources and a credit facility, + up to $147M leveraging Gilat’s strong goals based earnout balance sheet Accelerated 2025 Revenues Profitability Profitable SBS is expected to bec
Slide 12: Summary
Summary Welcomes a new era in IFC, where two market leaders are joining forces to provide the industry’s most comprehensive and complete IFC product suite Creates a significant opportunity in the multi-orbit and emerging LEO market Taps into the lucrative, fast-growing ESA market for commercial and
Slide 13: Thank You
Thank You
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