Slide 1: Q4 FY2025 Earnings Results
Q4 FY2025 Earnings Results May 20, 2025
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, sta
Slide 3: Viasat
Viasat 40+ years 76 Countries around Enduring value the world Continuing to serve customers Global team working closely with who rely on our services our customers and partners while innovating new generations of technology $4.5B 23 Operational FY25 Revenue satellites in space ~7K 8 Greater capacity
Slide 4: Current and future satellite fleet
Current and future satellite fleet Satellites shown with service dates This diagram is for illustrative purposes only. All future service dates are projections and are subject to change. The locations of the satellites shown do not reflect the current actual locations. 4
Slide 5: Viasat satellite roadmap
Viasat satellite roadmap - . | : Phase'? Key Design Satellite Differentiator Mechanical Final Ready Launch Orbit POR cor lat TVAC Environments GroundTest| toShip Campaign ¥PCh Raising ViaSat-3 F1 In Service Highest Capacity & Flexibility ” Early ViaSat-3 F2 2026 f Multi-dimensional, ViaSat-3 F3 | Pr
Slide 6: Q4 FY2025 Financial & Operational Highlights
Q4 FY2025 Financial & Operational Highlights Continuing to Win in Key Markets $1,114 $1,162 $1,275 $1,078 $1,170 › Aviation continued growth reflects increased aircraft in service and contracted backlog Awards ($Ms) › Defense & Advanced Technologies (DAT) growth in tactical networking and informatio
Slide 7: Q4 FY2025 Financial Summary
Q4 FY2025 Financial Summary Q4 Q4 Inc/ ($ Millions) Comments FY2025 FY2024 (Dec) › Strong revenue growth of 11% YoY in Defense and Advanced Technologies Revenue $1,147 $1,150 ($3) segment was offset by lower revenues in the Communications Services segment Growth/(Decline) % as fixed services and oth
Slide 8: Financial Highlights – Communication Services
Q4 FY2025 Financial Highlights – Communication Services Highlights Quarterly Trends YoY Performance › Strong YoY growth in aviation awards was Awards ($Ms) Revenue by Business Line(1) more than offset by declines in FS&O related to ($Ms) Service Revenue $864 $811 $765 $751 $774 the divesture of the
Slide 9: Viasat pioneered 'Full, Fast, Free' Wi-Fi
Viasat pioneered ‘Full, Fast, Free’ Wi-Fi Enduring value proposition with growing demand Customer satisfaction …driving delivery at scale “Our customers greatly value staying Pioneering connected while in the air, whether tech and strategy communicating with friends, getting work done, checking in o
Slide 10: Durable growth driven by tech and strategy synergy
Durable growth driven by tech and strategy synergy ViaSat-3 accelerating IFC performance and experience We’re proven …we’re differentiated …and we’re winning ViaSat-3 enabled flights between Hawaii and the US on par Raising the bar for enterprise grade, performance New IFC contract awards supporting
Slide 11: Financial Highlights – Defense and Advanced Technologies
Q4 FY2025 Financial Highlights – Defense and Advanced Technologies Highlights Quarterly Trends YoY Performance Awards ($Ms) $510 Revenue by Business Line › Backlog increased to $984 million, up 50% $351 $327 $395 ($Ms) Product Revenue YoY and 6% sequentially. Book-to-bill of 1.2 $250 › Awards up 58%
Slide 12: Balance Sheet & Liquidity
Balance Sheet & Liquidity ($Millions) $Millions Q4FY24 Q1 FY24(1) Q4FY25 Q1 FY25(2) Cash and cash equivalents and short-term Awads ($Ms) 1,901 1,170(1) Prodct Revenue investments › Driven by tactical networking products, antenna systems and recurring IP licensing Revolving credit facility availabili
Slide 13: Debt Maturity Profile
Debt Maturity Profile Debt Maturity Schedules as of March 31, 2025 ($ Billions) Debt Profile ($Ms) as of Prodct March 31, 2025 Revenue $3.5 $3.0 $2.5 $2.0 83% (3) 55%3) ( $1.5 Fixed Rate Secured Debt $1.0 $0.5 $0.0 FY26 (2) FY27 FY28 FY29 FY30 FY31 FY32 FY33 and Secured Unsecured Fixed Floating Ther
Slide 14: FY2026 Financial Guidance Update
FY2026 | Financial Guidance Update Prior FY2026 Prior Guidance FY2025 Guidance Updated UpdatedFY2026 FY2025Guidance Guidance Better/Worse Better/Worse Total Revenue Growth Low Single Digit ($Ms) Prodct Revenue Communications N/A Flat Services Revenue Defense and Advanced N/A Mid-teens Technologies R
Slide 15: Supplemental
Supplemental 15
Slide 16: Segment Descriptions
Segment Descriptions Communication Services Aviation Government Satcom Maritime Fixed Services & Other › In-flight connectivity, wireless in-flight › Offers highly trusted and secure › Solutions support vessel operation, › Connectivity solutions for fixed entertainment and safety services interconne
Slide 17: Research and Development
Research and Development ($Ms) 5.4% 5.0% 4.6% 4.4% 4.3% 4.0% 3.9% 3.4% 3.3% 3.0% 2.9% 3.1% $46 2.6% 2.4% $39 2.0% $37 $33 $34 34 26 21 16 20 15 17 13 13 14 Q4 Q1 Q2 Q3 Q4 FY24 FY25 FY25 FY25 FY25 17
Slide 18: Thank you
Thank you 18
Slide 19: GAAP reconciliation
GAAP reconciliation This presentation includes non-GAAP financial measures such as Adjusted EBITDA, net debt, and free cash flow to supplement Viasat’s consolidated financial statements presented on a GAAP basis. We believe these measures are appropriate to enhance an overall understanding of Viasat