Slide 1: Q4 2024 & Full Year Investor Update
Q4 2024 & full year Investor UPDATE February 27, 2025 Sir Peter Beck, CEO & Adam Spice, CFO
Slide 2: Forward Looking Statements
FORWARD Forward Looking Statements Exchange Commission (the “SEC”), including under the heading “Risk Factors” in Rocket Lab’s Annual Report on Form 10-K for the fiscal year ended December This presentation may contain certain “forward-looking statements” within the 31, 2024, which was filed with th
Slide 3: 2024 Overview: Our Biggest Revenue Year Ever
2 0 2 4 O V E R V I E W Our BIGGEST REVENUE YEAR EVER 382% 121% Increase in Q4 revenue since 2021 78% YoY increase in NASDAQ debut Q4 revenue (from $27.5m to $132.4m) ($60.0m in Q4 2023 26% YoY increase in to $132.4m in Q4 2024) annual revenue ($244.6m in 2023 to Increase in revenue $436.2m in 2024)
Slide 4: 2024: A Year of Execution
O V E R V I E W 2024: A YEAR OF execution 16 Launches. $450m+ 1st Contract value of Archimedes 1st A world-first: two MARS Two spacecraft for a 1st Successful return- New annual record + deals in 2024. engine hot fire. launches in 24 hours NASA science mission to-Earth spacecraft 100% mission from t
Slide 5: 2025: Building an End-to-End Space Company
T h e y e a r a h e a d 2025: Building LAUNCH THE RIDE TO SPACE SPACECRAFT THE MACHINES IN SPACE Applications WORKING TOWARD DELIVERING OUR OWN an end-to- APPLICATIONS FROM SPACE 1st 40+ NEW Neutron’s first launch Rocket Lab spacecraft Introducing a new end space planned. in production. low-cost, hi
Slide 6: Electron
SECTION Ny By cvecrao
Slide 7: Small Launch: We Set the Standard
ELECTRON small launch: We set the standard 100% mission success Emerged as a leader in the in 2024. hypersonic test market with multiple successful HASTE 16 Electron launches in 2024. missions within newly- extended Pentagon program. 60% launch cadence increase year-on-year. Rocket Lab is one of onl
Slide 8: Preferred Launch for Constellations
ELECTRON Preferred launch for CONSTELLATIONs Launched more than eight In Q1 2025 alone we’ve missions for constellation announced eight dedicated operators in 2024. All part of Electron missions signed with multi-launch contracts on iQPS through 2025 and 2026. Electron. On track to deploy entire Kin
Slide 9: A Leader in the Hypersonic Test Market
HASTE A LEADER IN THE HYPERSONIC TEST MARKET Two HASTE launches in just Selected by KRATOS to serve 21 days in Q4 2024. on the newly-extended $1.45 billion MACH-TB 2.0 Five more HASTE missions on hypersonic test program the manifest for the U.S. over a 5-year period. Department of Defense. 9 Rocket
Slide 10: Neutron
SECTION 02 NEUTRON
Slide 11: The Year of Neutron
NEUTRON THE YEAR OF NEUTROn Thousands of constellation Neutron will unblock this satellites need a ride to orbit bottleneck – and we plan to in the next 5 years.* do it on a rapid timeline. Demand for national security Neutron is also critical to us launch continues to grow. launching and operating
Slide 12: Neutron Launch Site Nearing Completion
NEUTRON NEUTRON LAUNCH SITE nearing completion Scheduled to be open for operations in Q2 2025. 12 Rocket Lab | Q4 2024 Financial Update
Slide 13: Hungry Hippo Comes Alive
NEUTRON Hungry hippo comes alive 13 Rocket Lab | Q4 2024 Financial Update
Slide 14: Flight Hardware in Test
NEUTRON FLIGHT hardware In test 100% of Neutron flight Structures being produced in hardware in production. parallel for the 2nd launch vehicle. Once qualification is complete, next step is full vehicle assembly and integration. 14 Rocket Lab | Q4 2024 Financial Update
Slide 15: Archimedes Engine Qualification Continues
NEUTRON ARCHIMEDES ENGINE qualification continues Performance iterations on the production line have resulted in mass reductions of more than 200kg per engine. 15 Rocket Lab | Q4 2024 Financial Update
Slide 16: Engine Testing Intensifying
NEUTRON ENGINE testing intensifying Non-stop Archimedes test operations in Mississippi. Second Archimedes engine test cell underway, completion expected in Q1 2025. 16 Rocket Lab | Q4 2024 Financial Update
Slide 17: Neutron's Landing Platform
NEUTRON NEUTRON’S LANDING platform meet: Return On Investment Maximizes Neutron’s First Neutron launch plans to performance for missions with test landing system on water high energy requirements. with no recovery. Supports our rapid scaling ‘Return On Investment’ of Neutron beyond expected to enter
Slide 18: Road to Launch
NEUTRON Road to LAUNCH Stage 1 Flight Hardware Stage 2 Flight Hardware Hungry Hippo Qualification Stage 2 Structures Qualification Stage 1 Structures Qualification Flight Mechanisms Test Program Engine Qualification MILESTONES TO MONITOR Launch Regulatory Vehicle Stage 1 Stage 2 Wet Dress Launch! Co
Slide 19: Space Systems
SECTION 03 SPACE SYSTEMS
Slide 20: Live Missions Underway
SPACE SYsTEMS Live missions UNDERWAY VARDA Space Mission NASA Lunar Lander Mission • Rocket Lab Pioneer Spacecraft • Rocket Lab Solar Panels • Full Suite Of Rocket Lab Space • Rocket Lab Software Systems Products • Landing Phase Support • Earth Re-entry Mission • 1x Re-Entered This Week • 1x Ready F
Slide 21: Rocket Lab Advancing U.S. Defense
SPACE SYsTEMS SDA Tranche 2 ROCKET LAB Transport Layer ADVANCING U.S. DEFENSE SDA Tranche 2 Transport Layer Victus Haze • Prime Contractor • Responsive Space Mission For U.S. Space Force • Rocket Lab Lightning Spacecraft • Rocket Lab Spacecraft • Preliminary Design Review • Launching On Electron Wit
Slide 22: Family of Spacecraft
SPACE SYSTEMS FAMILY OF SPACECRAFT PHOTON PIONEER In 2021 we announced our lineup of standard, vertically integrated spacecraft. We’ve brought these to life for missions like LOXSAT (Photon), for Varda (Pioneer), for MDA & Globalstar (Lightning), and ESCAPADE and CAPSTONE (Explorer). So, what’s next
Slide 23: Introducing Flatellite
SPACE SYSTEMS INTRODUCING flatellite A low-cost satellite designed for mass manufacture and tailored for large constellations. Scalable. More than just a new product Resilient. to serve our customers’ ever-evolving needs. High-power. Secure. A bold, strategic move toward being a truly end-to
Slide 24: Financial Highlights and Outlook
SECTION 04 FINANCIAL HIGHLIGHTS AND OUTLOOK
Slide 25: Review of Revenue and Gross Margins
FINANCIAL highlights REVIEW OF REVENUE AND GROSS MARGINS Full year 2024 revenue increase of about 78.3%, or $191.6M, 26.3% 78.3% driven by an increase in launches from 10 to 16 as well as growth in our Space Systems business, driven primarily by Quarter-on-Quarter revenue increase Year-on-Year reven
Slide 26: Review of Backlog
FINANCIAL highlights REVIEW OF BACKLOG Backlog of $1.067B driven by continued bookings within our $1.067 billion Launch business along with continued bookings within our Space Systems business. Backlog as of Q4 2024. Resilient backlog shown by large share of government contracts, largely driven by o
Slide 27: Review of Operating Expenses (Year-on-Year)
FINANCIAL highlights REVIEW OF OPERATING EXPENSES YEAR-ON-YEAR GAAP SG&A expense increased due to increases in outside services related to legal and IT infrastructure including cyber security, paired with modest increased in staff costs. GAAP & Non-GAAP R&D vs. SG&A Spending Non-GAAP SG&A expense in
Slide 28: Review of Operating Expenses (Quarter-on-Quarter)
FINANCIAL highlights REVIEW OF OPERATING EXPENSES QUARTER-ON-QUARTER GAAP SG&A expense increased primarily due to increases in IT outside services, legal outside services related to non- recurring transaction costs, and staff costs. GAAP & Non-GAAP Non-GAAP SG&A expense increased due to the above R&
Slide 29: Non-GAAP Free Cash Flow and Adj EBITDA
FINANCIAL highlights NON-GAAP FREE CASH FLOW AND ADJ EBITDA QUARTER-ON-QUARTER Cash consumed from purchases of property, $484M in cash and cash equivalents, marketable securities equipment and software increased $10.5M and restricted cash, end of period in Q4 2024. sequentially as we accelerate our
Slide 30: Q1 2025 Outlook
FINANCIAL highlights Q1 2025 OUTLOOK Q1 2025 Q1 2025 GAAP and Q1 2025 GAAP and Q1 2025 Revenue Outlook Non-GAAP Gross Margins Non-GAAP Operating Adjusted EBITDA Expense • Expect revenue to range • Expect GAAP gross margin to • Expect GAAP Operating Expenses • Expect Interest Expense between $117 mil
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Slide 32: Upcoming Investor Events
FINANCIAL UPCOMING INVESTOR EVENTS Citizens JMP KeyBanc Emerging NYC Technology Global 37th Annual Global Technology Technology One-on-One Technology Conference Industrials Conference Summit Conference Conference Conference March 16, 2025 March 4, 2025 March 4, 2025 March 11, 2025 March 12, 2025 Mar
Slide 33: Thank You
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