Airspan Networks Holdings Inc

Airspan Networks — FY2021 Earnings Presentation

23 slides from Airspan Networks's earnings presentation, Apr 12, 2022

  1. Slide 1: 5G Disruptor, Innovator - April 2022 Earnings

    © 2022 Airspan Networks Holdings Inc. 1 5G DISRUPTOR, INNOVATOR April 2022 Investor Presentation 2021 Earnings

  2. Slide 2: Disclaimer: Forward Looking Statements

    © 2022 Airspan Networks Holdings Inc. 2 Disclaimer Forward Looking Statements Certain statements in this investor presentation (“Presentation”) may be considered “forward - looking statements” within the mea ning of the “safe harbor” provisions of the United States Private Securities Litigation Refo

  3. Slide 3: Disclaimer: Non-GAAP Financial Measures

    © 2022 Airspan Networks Holdings Inc. 3 Disclaimer Non - GAAP Financial Measures This Presentation includes certain financial measures not presented in accordance with generally accepted accounting principl es (“GAAP”) including, but not limited to Adjusted EBITDA. These non - GAAP financial measure

  4. Slide 4: Today's Presenters

    © 2022 Airspan Networks Holdings Inc. 4 Eric Stonestrom Chairman & CEO Todays Presenters: Executives Glenn Laxdal President & COO David Brant SVP & CFO

  5. Slide 5: Airspan at a Glance

    © 2022 Airspan Networks Holdings Inc. 5 Airspan at a Glance Airspan by the Numbers $177mm 2021Y Revenue 1,000+ Customers in 100+ Countries 1+ Million Base Stations Shipped 25+ Years Proven Technology NYSE AMERICAN: MIMO • Multi - award - winning 4G & 5G network densification solution provider • End

  6. Slide 6: Awards and Recognition

    © 2022 Airspan Networks Holdings Inc. 6 Awards and Recognition FIXED WIRELESS BROADBAND SOLUTION OF THE YEAR WIRELESS NETWORK INNOVATION PRODUCT OF THE YEAR 5G REALISED: USE CASE INNOVATION AWARD EXCELLENCE IN COMMERCIAL DEPLOYMENT: URBAN EXCELLENCE IN COMMERCIAL DEPLOYMENT: OPEN RAN

  7. Slide 7: Top Tier Customers and Partners

    © 2022 Airspan Networks Holdings Inc. 7 Top Tier Customers and Partners OEM Partners Global Carrier Networks Private Networks

  8. Slide 8: 5G is Driving Network Transformation

    © 2022 Airspan Networks Holdings Inc. 8 5G is Driving Network Transformation • Source: Analysis Mason for Private Networks 4G – LEGACY 5G – TODAY Large, consolidated service providers Many new service providers and application specific networks Proprietary, closed architectures Open architectures Ha

  9. Slide 9: Drastically Different Network Densification Between 4G & 5G

    © 2022 Airspan Networks Holdings Inc. 9 Drastically Different Network Densification Between 4G & 5G Before: Macro model After: Densified Long Island Sound Long Island Sound Approximately 50 macro cell sites took 15 years to permit and install Over 20,000 micro cell sites installed in 9 months Airspa

  10. Slide 10: Three Large and Rapidly Growing Markets Driven by 5G

    © 2022 Airspan Networks Holdings Inc. 10 Three Large and Rapidly Growing Markets Driven by 5G • Sources: 1 Gartner “Forecast Analysis: Communications Service Provider Operational Technology, Worldwide” (December 2020); 2 Magna Intelligence “Global 5G Fixed Wireless Access Market Databank” (January 2

  11. Slide 11: 5G Networks Have Become National Priorities

    © 2022 Airspan Networks Holdings Inc. 11 5G Networks Have Become National Priorities 5G networks are expected to drive significant innovation and be central to transportation, power, and communications infrastructure. Content Consumption/ Distribution As a leading North American, integrated, 5G acce

  12. Slide 12: $3B of Current Project Funnel Addressing a Much Larger TAM

    © 2022 Airspan Networks Holdings Inc. 12 $3B of Current Project Funnel Addressing a Much Larger TAM Carrier Cable MSO Enterprise Air - to - Ground/Military FWA • Mobile capex with 5G upgrade cycle • New market entrants (Greenfields) • Cable MSOs bought CBRS spectrum • Mobility service and Fixed Broa

  13. Slide 13: Financial Update

    © 2022 Airspan Networks Holdings Inc. 13 © 2022 Airspan Networks Holdings Inc. 13 Financial Update

  14. Slide 14: Financial Highlights

    © 2022 Airspan Networks Holdings Inc. 14 Financial Highlights $177mm revenue in 2021, up 3% Y/Y from a diversified and Tier - 1 customer base Strong gross margins of 44% in 2021, up from 32% FY 2018 Globally diversified : 30% N. America, 59% Asia and 8% EMEA in 2021* Gross profit of $78 million in 2

  15. Slide 15: 4th Quarter 2021 Highlights

    © 2022 Airspan Networks Holdings Inc. 15 4 th Quarter 2021 Highlights 4Q'20 4Q'21 $36.0 $50.3 Total Revenue ($mm) ▪ Revenue of $50.3 million, up 29% from 3Q 2021 and down 38% from 4Q 2020 ▪ Products and software licenses revenue of $44.7 million up 38% from 3Q 2021 and down 39% from 4Q 2020 ▪ Gross

  16. Slide 16: Closing Remarks

    © 2022 Airspan Networks Holdings Inc. 16 © 2022 Airspan Networks Holdings Inc. 16 Closing Remarks

  17. Slide 17: Key Takeaways: 5G Tsunami

    © 2022 Airspan Networks Holdings Inc. 17 Key Takeaways: 5G Tsunami Top tier customer base with growing demand Market leading innovation with diversified and expanding product portfolio, stemming from industry - leading internal R&D teams Continued explosive growth in the 5G and FWA markets provide l

  18. Slide 18: Appendix

    © 2022 Airspan Networks Holdings Inc. 18 © 2022 Airspan Networks Holdings Inc. 18 Appendix

  19. Slide 19: Service Provider Densification: Learned in 4G, Critical in 5G

    © 2022 Airspan Networks Holdings Inc. 19 Service Provider Densification: Learned in 4G, Critical in 5G Airspan Deployment ▪ A supply chain that mirrors cell phones: ▪ Third party logistics delivery van model ▪ Plug & play functionality ▪ Technology partners that scale ▪ Volume manufacturing and pric

  20. Slide 20: One Team, One Code Base, One Mission

    © 2022 Airspan Networks Holdings Inc. 20 One Team, One Code Base, One Mission Santa Clara, California Airport City, Israel Slough, United Kingdom Boca Raton, Florida Mumbai, India Istanbul, Turkey

  21. Slide 21: Customer Diversification Has Improved Drastically

    © 2022 Airspan Networks Holdings Inc. 21 Customer Diversification Has Improved Drastically Sales to top 3 customers as a % of revenue Largest customer 85% 2nd largest 3% 3rd largest 3% Others 9% Largest customer 34% 2nd largest 21% 3rd largest 8% Others 37% >200 customers (via direct sales) >100 cus

  22. Slide 22: Appendix: Annual Reconciliation of GAAP to Non-GAAP

    © 2022 Airspan Networks Holdings Inc. 22 Appendix: Annual Reconciliation of GAAP to Non - GAAP

  23. Slide 23: Thank you

    © 2022 Airspan Networks Holdings Inc. 23 Thank you airspan.com © 2022 Airspan Networks Holdings Inc. 23 5G DISTRUPTOR, INNOVATOR

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