Ast Spacemobile, Inc. · NASDAQ:ASTS
Ast Spacemobile — Q2 2023 Earnings Presentation
11 slides from Ast Spacemobile's earnings presentation, Aug 14, 2023
Slide 1: Transforming how the world connects
Transforming how the world connects NASDAQ: ASTS Business Update – Second Quarter 2023 August 14, 2023 ast-science.com
Slide 2: Forward Looking Statements
Forward Looking Statements The information in this presentation and the oral statements made in connection therewith includes “forward-looking statements” for the purposes of federal securities laws that are not historical facts and involve risks and uncertainties that could cause actual results to
Slide 3: Building the first and only space-based cellular broadband network
Building the first and only space-based cellular broadband network 3 ast-science.com
Slide 4: Key highlights
Key highlights History Made, Again — Confirmed space-based 4G LTE cellular broadband capabilities with 10+ Mbps speeds Continued Commercial and Regulatory Progress — 40+ MOUs and agreements with MNOs globally that have ~2.4B subscribers1 1. Metric defined as number of subscribers represented by Manu
Slide 5: History made, again: Confirming space-based 4G LTE cellular broadband capabilities
History made, again: Confirming space- “Successfully reaching double-digit download speeds during based 4G LTE satellite-to-smartphone testing takes us one step closer to ensuring people across the United States will be able to stay connected no cellular broadband matter their location. This milesto
Slide 6: Progress on key commercialization milestones
Commercial Update US Regulatory Update Progress on key • Filed an update to our SCS application with the commercialization FCC on July 17, 2023 milestones • Filing amends our pending FCC request for commercial use of 700 MHz and 800 MHz frequencies, including updated and detailed 40+ ~2.4bn technica
Slide 7: Manufacturing of first five BlueBird commercial satellites ramping
Manufacturing of first five BlueBird commercial satellites ramping ● Completed construction of clean room manufacturing space ● All necessary equipment delivered and installed ● All critical lead time items ordered ● All manufacturing processes and lines completed and implemented ● Completed part-by
Slide 8: Second quarter 2023 financial metrics
Second quarter Adj. Operating Expenses 1 Capital Expenditures 2 Liquidity 3 2023 financial metrics $mm $mm $mm $14.4 $40.3 ($1.9) $185.7 $191.5 $38.4 ($2.3) $12.1 $15.1 +$3.3 $18.4 1. Non-GAAP. See appendix for a reconciliation. Adjusted operating expenses is equal to total operating expense less no
Slide 9: Significant progress on broadening access to fund our plan
Significant progress Interim Financings Designed to Support Raise with Strategic Partners on broadening access to fund our • Senior Secured Credit Facility up to $100.0M available1, $48.5M draw plan • Equipment-Backed Loan $15.0M • June 2023 Equity Offering $56.9M • Q2 2023 ATM Proceeds $7.4M 1. Sub
Slide 10: Appendix
Appendix
Slide 11: Reconciliation to non-GAAP measures – adj. operating expenses
Reconciliation to Adj. operating expenses – 3 months ended non-GAAP ($ in thousands) June 30, ’23 Mar 31, ’23 June 30, ’22 measures – Engineering services 22,813 16,483 11,999 General and administrative costs 10,221 9,857 13,075 adj. operating Research and development costs 10,921 16,381 9,145 expen