Gilat Satellite Networks Ltd.

Regulatory Filings • Nov 12, 2020

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 November, 2020

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 November 12, 2020

By: /s/ Yael Shofar

Yael Shofar General Counsel

Page 2 of 2

GILAT SATELLITE NETWORKS

Investors Presentation

NOVEMBER 10, 2020

FORWARD LOOKING STATEMENTS DISCLAIMER

Certain statements made in this presentation the forward-looking within the meaning of the Private Securities Ligation Reform Act of 1995. The words "estimate", "intend", "expect", "believe" and similar expressions are intended to identify forwardlooking statements. These forward-involve known and unknown risks and uncertaintes. Many factors could cause the actual results, performance or achievements of Gifterent from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic 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 compeling products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to atract 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 impairment of goodwill and long lived asses, amorization of acquired intangible assets, restructuring, trade secrets lax expenses under amnesty program, deferred lax benefit hat was recorded for the first time and other non-recurring expenses and net income or loss from discontinued operations. Glat believes hese non-GAAP financial measures provide consistent and comparable measures to help investors understand Gilat's current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or comparable GAAP measures, and should be read in conjunction with Gilat'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&DCenters GILT NASDAQ/TASE ~\$350M Market Cap

EADING GLOBAL CUSTOMER BASE

MOBILE

5 | Proprietary and Confidential

SUPERIOR USER EXPERIENCE - PATENTED ACCELERATION TECHNOLOGY - 400Mbps

END-TO END SOLUTIONS WITH RECURRING REVENUE

·· · · · · · Mobile·

Southern Linc

10

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

{ NSR, 2019 }

Service, Equipment & Capacity

OPTUS

Cellular Coverage to Regional Australia Residents

66

.. innovative and cost-effective solution delivers high quality user experience, under delivers high quality user expenenoc, an challenging environmental conditions

Optus, Australia

• Urban Center Connectivity
• Excellent User Experience

IN FLIGHT CONNECTIVITY

10 | Proprietary and Confidential

FREE WI-FI TREND FURTHER TRNASFORMS THE INDUSTRY

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

ENABLING LARGE IFC GLOBAL NETWORK

• 2000 airplanes . connected with Gilat's aero modems on a single network

• · Additional 500 modems in backlog

BROADBAND

14 | Proprietary and Confidential

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

GILAT DELIVERS INTERNET TO HALF A MILLION PEOPLE IN PERU

Gilat

(0) connectivity PARA TODOS Telefonica

NGSO | VHTS | 5G

18 | Proprietary and Confidential

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

22 | Proprietary and Confidential

FIXED NETWORKS	Mobile - Cellular Backhaul Broadband Enterprise Consumer Peru Services
МОВІЦІТУ	IFC Maritime Land Defense Wavestream
TERRESTRIAL INFRASTRUCTURE PROJECTS	Peru Pronatel projects construction phase
* (12-20 (02-18)

QUARTERLY PROFIT AND LOSS HIGHLIGHTS

US\$ MILLIONS, EXCEPT PER SHARE DATA

GAAP	Q3 19	Q4 19	Q1 20	02 20	Q3 20
Revenues	63.4	78.3	47.7	38.3	37.3
Gross Profit	23.3	27.1	8.9	9.6	9.4
Gross Margin	37%	35%	19%	25%	25%
R&D, net	7.1	7.7	7.4	5.9	6.0
ട&M	5	5.2	5.1	3.6	3.7
G&A*	4.1	5	7.2	3.5	10.7
Operating income	7	9.2	(10.8)	(3.5)	(10.9)
Net income	6.3	24	(11.8)	(4.2)	(11.6)
Diluted EPS	0.11	0.43	(0.21)	(0.08)	(0.21)
Non-GAAP**
Gross Margin	37%	35%	19%	25%	25%
Operating Income	7.5	9.9	(7.6)	(2.6)	(1.9)
Net income	6.8	9.1	(8.6)	(3.3)	(2.6)
Adjusted EBITDA	10.1	13.1	(5)	0.1	0.6

* Include merger and acquisition cost in Q3-20

* Agisterers ellection in establic for and compression of thingle essesses ded o save, neger and announce of executive of lease nectain of least nerioding osts, relesses litigation expenses (income) and initial reoognition of deferred tax asset with respect to carry-forward losses

Q3 2020 PROFIT AND LOSS HIGHLIGHTS (NON GAAP) US\$ MILLIONS
REVENUES \$37.3M (\$38.3M)	REVENUES w/o Terrestrial Infrastructure \$32.0M (\$35.8M)		GROSS MARGIN 25% (25%)
	FIXED NETWORKS REVENUES \$22.8M (\$21.8M)		OPEX \$11.4M (\$12.2M)
	MOBILITY REVENUES MAINLY IFC \$9.2M (\$14.0M)		OPERATING PROFIT Loss \$1.9M (Loss \$2.7M)
NET PROFIT/LOSS Loss \$2.6M (Loss \$3.3M)		ADJUSTED EBITDA \$0.6M (\$0.1M)
Q3-20 (Q2-20)

BALANCE SHEET HIGHLIGHTS US\$ MILLIONS

CASH AND EQUIVALENTS1 DSO2 \$77.2 (\$85.3) 84 days (79 days) CASH FROM OPERATION TOTAL DEBT \$7.1M Negative cash \$4.0 (\$4.0) (\$6.6M Negative cash) 1) Including cash and cash equivalents, restricted cash and net of short term bank credits 2) DSO calculation excludes Terrestrial Infrastructure Projects Segment 3) Q3-20 (Q2-20)

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