Globalstar, Inc. · NASDAQ:GSAT
Globalstar — Shareholder Meeting (May 2018)
13 slides from Globalstar's shareholder meeting presentation, May 22, 2018
Slide 1: Annual Meeting of Stockholders May 22, 2018
Annual Meeting of Stockholders May 22, 2018
Slide 2: Safe Harbor Language
Safe Harbor Language This presentation contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncert
Slide 3: Additional Information
Additional Information In connection with the proposed transaction, Globalstar will file materials with the SEC, including a joint proxy statement/prospectus. Investors are urged to read these materials when they become available because they will contain important information about Globalstar, Fibe
Slide 4: 2017 Major Highlights
2017 Major Highlights U.S. TERRESTRIAL GEOGRAPHICAL EXPANSION: SPECTRUM LICENCE 57% AMENDMENT OBTAINED INCREASE IN ADJUSTED CENTRAL & SOUTH EBITDA VS. 2016 AMERICA, AFRICA & JAPAN $112.7M REVENUE – RECORD HIGH SINCE 2007 SINGLE NATIONWIDE >700,000 TERRESTRIAL 5,000+ AUTHORITY WORLDWIDE GLOBAL SUBSCR
Slide 5: 2017 Financial Review
2017 Financial Review Adjusted EBITDA (1) Revenue ($ in millions) ($ in millions) 16% $35.0 $32.2 $120.0 57% $112.7 $30.0 $110.0 $96.9 $25.0 $100.0 $20.5 $90.5 $20.0 $90.0 $14.1 $15.0 $80.0 $10.0 $70.0 $5.0 $60.0 $0.0 $50.0 2015 2016 2017 2015 2016 2017 Duplex Service Revenue Duplex ARPU ($ in milli
Slide 6: 5,000+ Initiated Rescues Worldwide
5,000+ Initiated Rescues Worldwide 5
Slide 7: Next-Generation SmartOne: SmartOne Solar
Next-Generation SmartOne: SmartOne Solar Launched in March 2018, the SmartOne Solar is Globalstar’s new satellite tracker that allows users to track assets remotely in circumstances where changing batteries is either impossible or not economical Globalstar’s SmartOne B Solar Powered SmartOne B ● Mai
Slide 8: Next-Generation Duplex: Sat-Fi 2
Next-Generation Duplex: Sat-Fi 2 Launched in April 2018, the Sat-Fi 2 is a satellite communications device that turns any smartphone, laptop or tablet into a satellite phone / global data device Wi-Fi ● An inexpensive Hughes-based mass market product that connects any Wi-Fi enabled device to Globals
Slide 9: Next-Generation SPOT: SPOT X
Next-Generation SPOT: SPOT X Launched in May 2018, the SPOT X is a two-way messaging device with SPOT tracking and SOS functionality ● First-of-its-kind qwerty keyboard SPOT device that allows subscribers to send and receive SMS messages along with the traditional tracking and SOS functionalities Ne
Slide 10: Globalstar International Terrestrial Plans
Globalstar International Terrestrial Plans Globalstar is seeking terrestrial authority over its entire S-band spectrum in multiple jurisdictions worldwide. Company has already initiated diligence efforts and / or regulatory procedures in countries representing a combined population of 800 million. 3
Slide 11: Key Value Drivers
Key Value Drivers Diverse product and service offerings across consumer, commercial and government markets MSS Operational focus expanded to include new territories such as Central & Operations South America and Southern Africa New product offerings – inexpensive consumer mass market Sat-Fi 2,
Slide 12: Recent Merger Announcement
Recent Merger Announcement As announced on April 25th, Globalstar signed a merger agreement with Thermo Acquisitions, Inc. pursuant to which the following assets will be combined with Globalstar ̶ FiberLight, a Georgia-based metro fiber provider ̶ 15.5 million shares of CenturyLink stock expected
Slide 13: Annex A – Reconciliation of Net Income (Loss) to Adjusted EBITDA
Annex A – Reconciliation of Net Income (Loss) to Adjusted EBITDA ($ in millions) 2015 2016 2017 Net Income (loss) $72.3 ($132.6) ($89.1) Interest income and expense, net 35.9 36.0 34.8 Derivative (gain) loss (181.9) 41.5 (21.2) Income tax expense (benefit) 1.4 (6.5) 0.2 Depreciation, amortization, a