Introduction to ViaSat. Mark Dankberg CEO ViaSat, Inc.

Transcription

1 Introduction to ViaSat Mark Dankberg CEO ViaSat, Inc.

2 Safe Harbor Disclosure Forward-Looking Statements Portions of this presentation contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events or the future financial performance of the Company. We wish to caution you that these statements are only predictions and may differ materially from actual events or results. We refer you to the documents the Company files from time to time with the Securities and Exchange Commission, specifically the section titled Factors That May Affect Future Performance in the Company s Forms 10-K and 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and others are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statements. GAAP Reconciliation During this presentation, references to financial measures will include references to non-gaap financial information. We will provide a reconciliation between GAAP and non- GAAP financial information later in this briefing. For more information regarding our use of non-gaap financial information, please see our most recent earnings press release on our website at in the investor relations section.

3 ViaSat Background Founded 1986, IPO 1996 ~1,500 employees worldwide Best strategic partner for satellite networks

4 Recognition Top 50 Space Companies

5 Revenue Trends $600 $500 $ million $400 $300 $200 $100 $0 FY03 FY04 FY05 FY06 FY07 Q1 FY End Mar 31 Defense Commercial Projected

6 New Orders Trends $ million Annualized FY03 FY04 FY05 FY06 FY07 Q1

7 Business Mix Antenna Systems Commercial Satellite Networks Government Systems

8 Government Segment Network Centric Warfare Tactical Data Links Information Assurance Government SATCOM Systems

9 Tactical Data Links 2 primary sources, ~$2B LVT market Competition: DLS MIDS JTRS expands market Co-opetition: DLS (Rockwell Collins + BAE) Growing role in overall JTRS framework Opportunities US and international production Increased JTRS addressable market Enerdyne - UAVs Hostiles Friendlies

10 Information Assurance Significant market opportunity Encrypt classified data for IP networks US & allies In-line Network Encryption (INE) products Embedded encryption modules (e.g. FAB-T) New technology & applications Competition: General Dynamics, L3 High entry barriers KG-250 KG-255

11 Government SATCOM Systems DoD fixed & mobile networks UHF band Commercial VSAT for DoD Comm On The Move (COTM) Ka Band, EHF, commercial bands Competition: Raytheon, Rockwell, GD, Harris, L3

12 Commercial Segment Antenna Systems Satellite Networks Subsidiaries

13 Antenna Systems Government Satellite imagery Telemetry Large Antennas

14 VSAT Networks Equipment & Services International & Domestic

15 Mobile Satellite Networks Multiple live services Business jets Other potential Trains, Maritime, Autos Defense Boeing IDS, SES, ARINC

16 Direct To Home Broadband Big Opportunity $49 / month satellite broadband Wildblue launched Jun 05 Telesat Canada launched Jun 05 Fastest growing consumer broadband ever More international networks

17 WildBlue News User Satisfaction Additional Capacity WildBlue 1 Broader Distribution

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19 Mobile Satellite Systems GEO MSS Operator FCC Ancillary Terrestrial Component Ground Based Beam Forming

20 Financial Performance

21 Revenues 29% Increase $150 $128.7 Millions $120 $90 $60 $100.0 $30 $0 FY 06 FY07 Q1

22 Q1 Non-GAAP Earnings Earnings EPS 25% Increase 18% Increase $9 $6 $6.1 $7.6 $0.30 $0.20 $0.22 $0.26 Millions $3 $0.10 $0 $0.00 FY 06 FY 07 FY 06 FY 07

23 Q1 Net Earnings Earnings EPS 17% Increase 11% Increase $8 $6 $5.2 $6.1 $0.24 $0.18 $0.18 $0.20 Millions $4 $0.12 $2 $0.06 $0 $0.00 FY 06 FY 07 FY 06 FY 07

24 Key Financial Points Record quarterly revenues & awards Very strong operating cash flow Solid balance sheet Good growth in backlog No R&D Tax credit

25 Summary Strong financial results Strong cash flow Good new orders pipeline Anticipate FY07 Revenues >$500M MIDS & MIDS-JTRS Information Assurance Satellite broadband Satellite mobility Promising market opportunities