Gilat Satellite Networks Ltd. · NASDAQ:GILT
Gilat Satellite Networks — Investor Presentation (March 2017)
29 slides from Gilat Satellite Networks's investor presentation, Mar 2, 2017
Slide 1: Gilat Satellite Networks – Company Overview
March 2017 NASDAQ, TASE: GILT Gilat Satellite Networks – Company OverviewA Worldwide Leader in Satellite Networking Technology, Solutions and Services
Slide 2: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intend
Slide 3: Gilat – Boundless Communications
Gilat – Boundless Communications 3 Mobility Broadband Air Land Enterprise Consumer Cellular Backhaul Sea Most Advanced TechnologyTerrestrial-grade User Experience End-to-End ServiceMost Stringent Service Levels Global Presence20 Sales Offices, Sales in 90 Countries Established 1987 NASDAQ / TASE: GI
Slide 4: Global Presence with Diverse Customer Base & Partners
Global Presence with Diverse Customer Base & Partners 4 Satellite Companies Telcos / MNOsEnterprises Service Providers & ISPs System Integrators Governments
Slide 5: Satellite Capacity Abundance is the New Reality
Satellite Capacity Abundance is the New Reality – GEO + LEO/MEO Global HTS Bandwidth Supply, Demand and Price per Mbps 5 $/Mbps/Month Gbps Source: Euroconsult, NSR, 2016 >10 times today Abundance of capacity unlocks new markets
Slide 6: Affordable Internet Everywhere is Becoming a Birth Right
At Work At Home Outdoors Affordable Internet Everywhere is Becoming a “Birth Right” 6 In the Air At Sea On Land Our strategy is to enable ample Broadband, at terrestrial-grade user experience and affordably
Slide 7: New Markets Open – On the Ground
New Markets Open – On the Ground Satellite delivers quality broadband rapidly and affordably Cities, towns, villages, islands, …4G/LTE for metro and metro edge, as well as rural areas Residential broadband Resilience and public safety Satellite delivers significant volumes, terrestrial-grade user ex
Slide 8: New Markets Open – In the Air
*Source: Euroconsult/NSR New Markets Open – In the Air Broadband connected aircraft takes offFrom ~5,300 connected commercial aircraft (satellite & ATG) in 2015 to 23,100 in 2025*From ~2,700 satellite connected aircraft (commercial & business) in 2015 to 21,000 in 2025* 8 High-end solutions for best
Slide 9: New Markets Open – At Sea
*Source: NSR New In-Service Units 2015-2025 New Markets Open – At Sea 9 NSR: Maritime markets will be amongst the ‘core growth opportunities’ Accelerated market growthPassenger ships – Fastest growing marketMerchant ships – Broadband adoption increasingSmall boats – new market High-end broadband sol
Slide 10: The Components of Our Strategy for Profitable Growth
The Components of Our Strategy for Profitable Growth TechnologyCutting Edge Innovative Hubs, Modems & Antennas Improving MarginsWith the Right (Mix of) Customers and Territories ServicesEnd-to-end Services and Recurring Revenue WellPositioned!
Slide 11: World's Fastest Broadband Modem for LTE Backhaul
11 World’s FastestBroadband ModemforLTE Backhaul On the Ground
Slide 12: Metro Area – A Live Example
Metro Area – A Live Example 12 A Solution for Metro, Metro Edge, as well as Rural
Slide 13: LTE Discovery
LTE Discovery LTE Loc DISCOVER SIGNALS Sia - Cheap Thrills (Lyric Video) ft. Sean Paul LTEDiscovery —_uTELoc SIGNALS root and unknown)
Slide 14: Scorpio – VSAT-in-a-box
ScorpioReducing barrier to entryVSAT-in-a-boxAll-outdoor, Self install On the Ground
Slide 15: World's Fastest Aero Modem for In-Flight Connectivity
15 World’s FastestAero ModemforIn-Flight Connectivity 400Mbps In the Air
Slide 16: World's Most Advanced KuKa Antenna for In-Flight Connectivity
16 World’s Most AdvancedKuKa AntennaForIn-Flight Connectivity Highest Bit RatePanel Antenna In the Air Major Aerospace Systems Integrator
Slide 17: Very Low Cost All-in-One Terminal for Small Boats
Very Low Cost All-in-One Terminalfor Small Boats 17 At Sea Leveraging Opportunity with
Slide 18: Improving Margins
Improving Margins Global Presence Mobility and Cellular Backhaul Offer the Opportunity for Better Margins
Slide 19: Zoom In On Peru: FITEL Projects
Zoom In On Peru: FITEL Projects A $2B+ Program to Build Optical Fiber and Microwave Backbone Networksin 21 regions:8 Regional Projects awarded:4 to Gilat4 to others13 Regional Projects more to be awarded 19 Overall we won 4 regions, ~$400M ~$230M Construction Revenue ~$170M Operational Revenue over
Slide 20: Peru Multi-Year Recurring Revenue
Peru Multi-Year Recurring Revenue Increases with every region ~13M Satellite Recurring Revenues in Manage ServiceGrowing to >$30M after Construction Phase
Slide 21: Gilat – Initial Achievements in the Last Months
Gilat – Initial Achievements in the Last 12 Months Cellular Backhaul & Consumer BB LTE BackhaulMetro, Metro Edge and RuralTerrestrial-grade User Experience Mobility Fastest Airborne Modem 400MbpsUnique Airborne AntennaHigh-Speed Trains ConnectivityLeading On-the-Move Antennas China Huge Potential -
Slide 22: Financial Indicators and Analysis
Financial Indicators and Analysis
Slide 23: 2017 Management Objectives
2017 Management Objectives (US$ millions) Annual Revenues Adjusted EBITDA Revenues: $280M - $300MGAAP Operating Profit: $4M - $8MAdjusted EBITDA: $20M - $24M 23 GAAP Operating Profit
Slide 24: Quarterly Profit and Loss Highlights
Quarterly Profit and Loss Highlights (US$ millions, except per share data) 24 * Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amortization of intangible assets related to shares acquisition transactions, impairments, restructuring costs, trade secrets litigation
Slide 25: Yearly Revenue & Gross Margin per Segment
Yearly Revenue & Gross Margin per Segment 25 Revenues, Gross margin, Non GAAP Gross margin (“NG” when applicable)
Slide 26: Yearly Revenue by Region
Yearly Revenue by Region $300M $250M $200M $150M $100M $50M ~ APAC 2015 » EMEA » North America 2016 » LATAM
Slide 27: Balance Sheet Highlights
Balance Sheet Highlights (US$ millions, except per share data) 27 December 31,2016 December 31,2015 Cash Balances1 111.6 120.9 Total Assets 383.2 370.8 Total Debt2 21.5 26.0 Shareholders’ equity 209.8 178.1 1) Including cash and cash equivalents, restricted cash and net of short term bank credits.2)
Slide 28: In Summary – Uniquely Positioned for Unlocking Opportunities
In Summary – Uniquely Positioned for Unlocking Opportunities Focusing on profitable growth Building a blue chip customer base Delivering both technology and solutions Offering terrestrial-like user experience Demand for affordable broadband, anywhere anytime, is soaring 28
Slide 29: Thank You
Thank You Gilat Satellite Networks | [email protected] | www.gilat.com
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