Slide 1: Financial Results Material for Q2 of Fiscal Year Ending March 2024
Financial Results Material for Q2 of Fiscal Year Ending March 2024 ispace, inc. （Securities Code：9348） November 10, 2023 Expand our planet. Expand our future. copyright©ispace,inc. 2023 1
Slide 2: Table of Contents
Table of Contents 1 |About ispace 2 |Business Highlights: Q2 of Fiscal Year Ending March 2024 3 |Financial Results/KPI : Q2 of Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 2
Slide 3: Disclaimer
Disclaimer • This presentation was prepared by ispace, inc. (referred to as the “Company”, “ispace”, or “we” herein) solely for informational purposes. • This document contains forward-looking statements, which reflect the Company's assumptions and outlook for the future and estimates based on infor
Slide 4: About ispace
About ispace Expand our planet. Expand our future. copyright©ispace,inc. 2023 4
Slide 5: Our Vision: Expand Our Planet. Expand Our Future.
OUR VISION EXPAND OUR PLANET. EXPAND OUR FUTURE. Creation of a world where the Earth and the Moon are one ecosystem, establishing a new economy on the Moon ⚫ “Moon Valley 2040” is an outlook on the world representing ispace’s vision EXPAND OUR PLANET. EXPAND OUR FUTURE ⚫ We envision 1,000 people liv
Slide 6: Envisioned Ecosystem: Why the Moon?
Why the Moon? The potential of the Moon as a “fuel supply base” utilizing H2O that may exist on the Moon ENVISIONED ECOSYSTEM(1) BRINGS THE EARTH & MOON TOGETHER H 2 O (2) 1 / 6 G (3) Decreasing costs to access areas of deep space • Costs of Mars missions • Costs of resource explorations etc. The ma
Slide 7: Business area
Business area The lander developed by ispace is launched into outer space on an external vendor’s rocket. After the lander navigates on its own to the lunar surface, the plan is for the lander and rover to explore and acquire data from lunar surface Launch using an external The lander navigates and
Slide 8: Core service
Core service Payload service and Partnership service are the current business pillars of ispace. We plan to establish Data service in the future Payload service Data service Partnership service Customers are expected to acquire significant data Transport customers’ payload to the Moon. from payloads
Slide 9: Achievements
Achievements In 2022, successfully launched lunar lander as a commercial company for the first time Announced Mission Schedule(1) 2022 M1 2023 December 2023： (US) Astrobotic Technology 2024 January 2024： (US) Intuitive Machines (US) Astrobotic Technology M2 (US) Firefly Aerospace 2025 (US) Intuitive
Slide 10: Achieved 8 out of 10 Success Milestones in Mission1
Mission1 KPI Success Milestones Achieved 8 out of 10 Success Milestones, despite not being able to achieve lunar landing. M1はミッション期間のsuccess5まで達成 Acquired valuable data until the end of landing sequence Success 4 ✓ Success 3 ✓ Completion of first orbital Establishment of a control maneuver Steady Op
Slide 11: M1 Achievements
M1 Achievements Became the first private company to reach the final lunar landing phase. Gained valuable data that can be used in future missions, and established the policy for Mission2 and beyond, considering the results of Mission1 ⚫ Improve the reliability during Mission2 and future missions thr
Slide 12: Business Highlight: Q2 of Fiscal Year Ending March 2024
Business Highlight : Q2 of Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 12
Slide 13: SBIR Program Overview
SBIR Program Overview Overview of SBIR (Small Business Innovation Research)(1) ⚫ A program to promote innovative creation by promoting research and development by startups, etc. and SBIR smoothly applying the achievements on the society ⚫ Increases opportunities for granting subsidies and Small Busi
Slide 14: SBIR Program Selection Results
SBIR Program Selection Results Selected by Japan’s Ministry of Economy, Trade and Industry for Small Business Innovation Research Grant(1) ⚫ Selected by Japan’s Ministry of Economy, Trade and Industry (METI) for a Small Business Innovation Research (SBIR) Theme A “Development and Operational Demonst
Slide 15: SBIR Future Mission Plans
SBIR Future Mission Plans In addition to Mission2 and Mission3, for which developments is currently in progress, the plan is to launch a mission that utilizes the SBIR Program by around 2027. Missions will be executed by developing landers in both Japan and the U.S. Series 1 Lander (Tentative) Serie
Slide 16: M2 Overview
M2 Overview Mission2: Assembly and preparation for the testing of the Series1 lander for the next mission are underway in Japan and Germany Mission2 2024 ⚫ Assembly and preparation are underway for Mission2 test in a facility held by JAXA in Japan and in ArianeGroup’s facility in Germany ⚫ Micro Rov
Slide 17: Mission 2 Press Conference
Mission2 2024 Press Conference: ispace Mission 2 Updates Thursday Nov 16th 2023, 10:00 a.m. (JST) https://youtube.com/live/V5Xf7POM3qQ?feature=share Expand our planet. Expand our future. copyright©ispace,inc. 2023 17
Slide 18: Mission3 Overview
Mission3 Mission3 Overview Mission3：ispace technologies U.S. has been selected for NASA CLPS Task Order CP-12 as a member of Team Draper and plans to deliver NASA’s payload in Mission3. For Mission3, it has concluded a new PSA(1) with a U.S. private company and continues to cultivate other global cu
Slide 19: Business Environment
Business Environment Major space agencies in each country are increasing the size of their national budgets every year for the growth of the space business. Movements to utilize private companies have further increased NASA (U.S.) Total Budget(1) JAXA (Japan) Total Budget(2) ESA (EU) Total Budget(3)
Slide 20: Business Progress: MoU with Skyroot and HEX20
Business Progress Concluded a memorandum of understanding with Skyroot and HEX20 aiming to create future demands for lunar orbiting satellite missions in the Indo-Pacific Region where further growth is expected going forward Conclusion of Memorandum of Understanding Aimed at creating demand in marke
Slide 21: Sustainable Business Model
Sustainable Business Model Newly raised a total of 5billion yen from Sumitomo Mitsui Banking Corporation and Mizuho Bank, Ltd., and secured funds for parallel development of multiple missions Business Model of ispace New fundraising from financial institutions Development Mission M1 Total of Feedbac
Slide 22: Strengthening Organizational Structure
Strengthening Organizational Structure Kenichi Imamura has been appointed as the company’s new Chief People Officer (CPO), a new position established to accelerate the development of a global organization CPO Kenichi Imamura ⚫ Graduated from the Department of Naval Architecture and Ocean Engineering
Slide 23: Financial Results/KPI: Q2 of Fiscal Year Ending March 2024
Financial Results/KPI : Q2 of Fiscal Year Ending March 2024 Expand our planet. Expand our future. copyright©ispace,inc. 2023 23
Slide 24: Income Statement
Income Statement Sales and profits of respective phases mostly progressed as in the forecast. Expect progress in sales as development of Mission3 progresses(1) Point FY2024 Q2 FY2024 Q2 FY 2024/3 (cumulative) (non-cumulative) (Millions of yen) Results Forecast %Progress ⚫ Net Sales： Net sales and pr
Slide 25: Sales Per Service
Sales Per Service Full contribution to accounting figures from Mission3 payload sales, which will become a fully commercial mission, is expected to begin from FY2024, with a significant increase in revenues expected Point Payload Partnership Etc. ⚫ Payload sales for FY2024 are expected (Millions of
Slide 26: Balance Sheet
Balance Sheet Liquidity on hand and financial stability improved with additional borrowings and receipt of lunar insurance payment. In addition, steady business progress led to increased advance payments to suppliers and advances received Point FY 2024 Q2 FY 2023/3 Asset： (Millions of yen) Result Re
Slide 27: Statement of Cash Flows
Statement of Cash Flows With the execution of the IPO and new borrowings, cash flows from financing activities increased, which led to a large increase in cash and deposits compared to the end of the previous fiscal year. Established a stable financial foundation Point FY2024 FY 2023/3 Q2(cumulative
Slide 28: KPI
KPI CDR for the M3 Lander development is expected to be completed by the end of next fiscal year. From the marketing aspect, the aim continues to be turning the interim PSA(1) into final agreements and obtaining new PSAs with both government organizations and private operators CY2020 CY2021 CY2022 C
Slide 29: Illustrative Business Model of Payload Service
Illustrative Business Model Illustrative Business Model of Payload Service For illustrative purposes only; all values are rounded off to integral values and subject to change Planned Total Mission revenue recognized(2) over… Internal use Customer Total mission sellable payload contract payload Yield
Slide 30: Never Quit the Lunar Quest
Expand our planet. Expand our future. Never Quit the Lunar Quest 私たちは歩み続けます copyright©ispace,inc. 2023 30