Gilat Satellite Networks Ltd.

Foreign Filer Report • Feb 22, 2021

FORM 6 –K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report on Foreign Issuer

Pursuant to Rule 13a – 16 or 15d – 16 of the Securities Exchange Act of 1934

For the Month of February, 2021

Gilat Satellite Networks Ltd.

(Translation of Registrant's Name into English)

Gilat House, Yegia Kapayim Street Daniv Park, Kiryat Arye, Petah Tikva, Israel (Address of Principal Corporate Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒Form 40-F ☐

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

Attached hereto is Registrant's IR presentation as posted on Registrant's website.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Gilat Satellite Networks Ltd.(Registrant)

Dated February 22, 2021

By: /s/ Yael Shofar

Yael Shofar General Counsel

Page 2 of 2

GILAT SATELLITE NETWORKS

Q

Investors Presentation

FEBRUARY 22, 2021

FORWARD LOOKING STATEMENTS DISCLAIMER

Certain statements made in this presentation that are forward-looking within the meaning of the Private Securities Lifgation Reform Act of 1995. The words "estimate", "intend", "expect", "believe" and similar expressions are intended to identify forwardlooking statements. These forward-looking statements involve risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gifferent from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general conomic and business conditions, inability to maintain market acceptance to Glain financing and/or timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of ley OEM partners, inability to attract and relain qualify to protect the Company's proprietary technology and risks associated with Glat's international operations and its location in Israel. Glat undertakes no obligation to update or revise any forwardlooking statements for any reason. For additional information regarding these and uncertainlies associated with Giat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission.

Unaudited/Non-GAAP Financial Measures

This presentation includes financial data that is not audited and financial data that was not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Non-GAAP financial measures appearing in this presentation consist of GAAP financial measures adjusted to exclude, non cash share-bases, impairnent of goodwill and long lived asses, amorization of acquired intangible assels, restructuring, trade secrets line expenses under annesty program, deferred lax benefit hat was recorded for the first time and other non-recurring expenses and he income of oss from discontinued operations. Glat believes nese non-GAAP financial measures provide consisient and comparable neasures to help investors understand Gilat's current and future operating performance. However, our non-GAP financial measures are not meant to be considered in isolation or comparable GAAP measures, and should be read in conjunction with Glat's consolidated financial statements prepared in accordance with GAAP. Additionaly, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

+800 Employees 1987 Founded 20 Sales Offices 5 R&D Centers GILT NASDAQ TASE -\$1.1B Market Cap

EADING GLOBAL CUSTOMER BASE TELCOS , MNOS & SYSTEM SATELLITE SERVICE PROVIDER OPERATORS INTEGRATORS ······· ·· ·· ·· ·· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · O vodafone SES . ADDI A BOEING る 中国卫通 == TIM Globe docomo OPTUS orange" D DYNAMICS n eutelsat inmarsat B BTC bharti Southern Linc Rakuten Mobile LOCKHEED MARTIN INTELSAT. SAT Honeywell TELSTRA Telefonica AXESS Clarohispasat ** AVANTI @ AIRBUS SPACE Saggret Glabal Eagle gogo 13 CAZPROM इसरो isro PRONATEL nelco® communications 300+

CUSTOMERS

500+ NETWORKS

90+ COUNTRIES

MOBILE

SUPERIOR USER EXPERIENCE - PATENTED ACCELERATION TECHNOLOGY - 400Mbps

END-TO END SOLUTIONS WITH RECURRING REVENUE

• ·· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·
• Southern Linc
• Globe

10

THE SOLUTION BEING ABLE TO DIFFERENTIATE WITH A COMPELLING MANAGED SERVICE OFFER IS KEY TO GAIN BUSINESS AND DEFEND HEALTHY MARGINS

{ NSR, 2019 }

IN FLIGHT CONNECTIVITY

LEADING HIGH-PERFORMACNE SOLUTIONS FOR ALL IN-FLIGHT CONNECTIVITY MODULES

FREE WI-FI TREND FURTHER TRNASFORMS THE INDUSTRY

ENABLING LARGE IFC GLOBAL NETWORK

.

BROADBAND

LEADING ENTERPRISE CUSTOMERS

PERU - PRONATEL (FITEL) PROJECTS

• · A \$2B+ program to build terrestrial networks across Peru
• · 6 regions awarded to Gilat (~\$548M)
  • ~\$333M construction revenue
  • ~\$215M in operational revenue over ten years
• · Target: Recurring revenues >\$50M per year by the end of 2022

(1) connectivity PARA TODOS Telefonica

Gilat GILAT DELIVERS INTERNET TO HALF A MILLION PEOPLE IN PERU

DEFENSE

Transportable

On-the-Move

Command & Control

Military Aircraft

Unmanned Aerial Vehicle

NGSO | VHTS | 5G

ABUNDANCE OF CAPACITY OPENS NEW MARKETS

GILAT TO PROVIDE PLATFORM FOR 03B mPOWER

Multi-million-dollar contract establishes Gilat as a significant NGSO player through the technological innovation of its multi-orbit GEO/NGSO platform

TELESAT

SUCCESSFUL DEMONSTRATIONS WITH TELESAT'S PHASE 1 LEO SATELLITE

• · FIRST-EVER LIVE IN-FLIGHT DEMO
  • o With Global Eagle
• · EXCEPTIONAL MOBILITY CONNECTIVITY
  • · With Tier-1 maritime service provider
• · FIRST-EVER DEMO OF 5G CONNECTIVITY
  • · At Innovation Centre, University of Surrey
• · FASTEST MODEM SPEEDS
  • Demonstrated 1.2 Gbps total throughput

GILAT'S TECHNOLOGY SUPERIORITY NOW PROVEN FOR 5G OVER THAICOM IPSTAR > THAICOM

FINANCIAL INDICATORS HIGHLIGHTS

FINANCIAL INDICATORS HIGHLIGHTS

GILAT OPERATING SEGMENTS (ອ

· IFC Maritime O Land МОВІЦІТУ 0 Defense 0 Wavestream O TERRESTRIAL · Peru projects construction phase INFRASTRUCTURE PROJECTS	FIXED NETWORKS	· Mobile - Cellular Backhaul Broadband · Enterprise Consumer · Peru Services

Q4 2020 PROFIT AND LOSS HIGHLIGHTS US\$ IN MILLION

		Q4/20	Q3/20	Q2/20	Q1/20	Q4/19
	Revenue	42.6	37.3	38.3	47.7	78.3
	Gross Margin	31%	25%	25%	19%	35%
	Operating Expenses / (Income) *	(49.4)	20.3	13.0	19.7	17.8
GAAP	Operating Income / (Loss)	62.7	(10.9)	(3.5)	(10.8)	9.2
	Net Income / (Loss) -	62.4	(11.6)	(4.2)	(11.8)	24.0
	Adj. EBITDA	1.1	0.6	0.1	(5.0)	13.1
	Gross Margin	31%	25%	25%	19%	35%
	Operating Expenses	15.0	11.4	12.2	16.5	17.3
Non-GAAP	Operating Income / (Loss)	(1.6)	(1.9)	(2.6)	(7.6)	9.9
	Net Income / (Loss)	(1.9)	(2.6)	(3.3)	(8.6)	9.1

1) GAAP excluding CMTL settlement – OPEX Q420 \$12,1M; Operating loss Q4/20 \$2.1M; Net toss 04/20 \$2.1M; Net toss 04/20 \$2.3M, Q3/20 \$3.4M

2020 PROFIT AND LOSS HIGHLIGHTS US\$ IN MILLION

2020 Revenue

2019 2020 TERRESTRIAL 11% 165.9 263.5 Revenue 25% 36% Gross Margin FIXED MOBILITY 56% 33% Operating Expenses1 3.6 70.3 GAAP Operating Income3 25.6 37.6 Net Income1 34.9 36.5 2019 Revenue Adj. EBITDA (3.3) 40.2 TERRESTRIAL 12% 25% 37% Gross Margin Non-GAAP FIXED 55.1 67.4 Operating Expenses 48% MOBILITY (13.7) 29.2 Operating Income / (Loss) 40% Net Income / (Loss) (16.4) 24.7

1) GAP excluding CMT settlement and one time as been in Jack, Cperating loss P20 \$10.01, perating income P11922.7M, Net inome F11922.1M

BALANCE SHEET HIGHLIGHTS

US\$ MILLIONS

্ত

CASH AND EQUIVALENTS' \$116.0 (\$77.2)	DSO3 76 days (84 days)
CASH FROM OPERATION \$60.4M Positive cash (\$7.1M Negative cash)	TOTAL DEBT \$4.0 (\$4.0)
Including cash and cash equivalents, restricted cash 1) 2) Q4-20 includes net proceeds from CMTL - \$80.4M 3) DSO calculation excludes Terrestrial Infrastructure Projects Segment Q4-20 (Q3-20) 4)

UNIQUELY POSITIONED FOR UNLOCKING OPPORTUNITIES

NGSO/VHTS Opening New Markets

Leading in Main Growth Areas -Cellular Backhaul (4G, 5G) & In-Flight Connectivity

Investing in Product Leadership and Innovation

Focused on Profitable Growth

THANK YOU

Gilat Satellite Networks | info@gilat.com | www.gilat.com