Gilat Satellite Networks Ltd.

Foreign Filer Report • Nov 26, 2019

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, 2019

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 investors 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 26, 2019

By: /s/ Yael Shofar

Yael Shofar General Counsel

Page 2 of 2

GILAT BUSINESS UPDATE INVESTORS DAY

O

YONA OVADIA CEO

November

BROADBAND: EVOLUTION, REVOLUTION

Legacy Legacy GEO-HTS - GEO-HTS - LEO+MEO 2005 201 2026 HTS Evolution >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

GEO EVOLUTION: WIDE BEAM -> HTS -> VHTS ->

Commercial GEO Satellite Orders

Satellite Capacity

Manufacturing Orders

Although less GEO satellites are built, they are more powerful WIDE BEAM (X Gbs) -> HTS (10X Gbs) -> VHTS (100X Gbs)

Opportunity in Both Baseband and ESA

• · Gilat is engaged with several NGSO operators : SES/mPower, Telesat, OneWeb, SpaceX, and Amazon
• · Won mPower:
  • · Significant revenue opportunity
• · Several successful

demonstrations with Telesat's LEO Satellite:

The mPower Constellation

mPower positions us well in the vast market of NGSO, as well as for VHTS (e.g China Satcom)

COUR VISION OF ABUNDANCE CAPACITY (GEO + NGSO) IS MATERIALIZING

ABUNDANCE

OF CAPACITY

UNLOCKS

NEW MARKETS

Global HTS Bandwidth Supply, Demandand Price per Mbps

MOBILITY

MOBILITY - SUPERIOR PASSENGER EXPERIENCE DRIVES DEMAND

Commercial Aircrafts Business Jet Aircrafts 27,800 5,300 (2028) (2028) 7,200 ~850 (2018) (2018) Source: NSR, April 2019 Source: NSR, April 2019 Honeywell Glabal Eagle gogo 12 | Proprietary and Confidential

Satellite Broadband Connected Aircrafts

GILAT ENABLES GOGO - THE LARGEST IFC NETWORK

· " We did conduct two weeks of tests, it was on a limited scale. We learned a lot about the technical capacity challenges when you want to open up Wi-Fifree with great broadband capabilities"

• · "They will be coming, certainly, later this year"
• · "We think it's important"

Delta CEO Ed Bastian - July 2019

© "… to get the system to a high enough level of reliability and bandwidth that we can make WiFifree for our customers."

United CEO Scott Kirby- July 2019

9 AERO ANTENNAS - ACCELERATING GROWTH

Global Aero Flat Panel Antenna (cumulative)

"The aero vertical will Generate \$8.4B in cumulative equipment revenues, with ~29,000 units forecasted to be shipped, by 2028"

Source: NSR, Feb 2019

TMA Business Jet Aviation

• · First project aero parabolic antenna
• · Strategic agreement with Tier-1 aviation service provider
• Expansion into business aviation
• · Best in class product

Horizon 2020 - Joint Development Project

• An established player in the Phased Array Antenna (PAA) for the defense (UAV) market
• · Developing an ESA (Electronically Steered Antenna)
• · Won a Technology Demonstrator project with Airbus

ESA Represents a Significant Growth Engine to Gilat Mobility Business

MOBILE

eading the fast growing 4g/lte satellite backhaul market

More Than 85% Market Share In LTE

JAPAN - THE "LAND OF THE RISING SUN" %

CBH is one of the main sources of managed service recurring revenues

ම High ARPU country ‍ • Geography: islands, earthquakes © Relationships of trust and loyalty

PERU

PRESIDENT OF PERU INAUGURATES BROADBAND SERVICE FOR HALF A MILLION RESIDENTS

FINANCIAL INDICATORS HIGHLIGHTS

(8)

Updated 2019 Management Objectives (US\$ millions)

EXECUTING PROFITABLE GROWTH STRATEGY

Annual Revenues 283 266 260-270 2017 2018 2019E

Adjusted EBITDA

Revenues: \$260M - \$270M

GAAP Operating Profit: \$23M - \$27M

Adjusted EBITDA: \$38M - \$42M

6 UPDATED 2019 GUIDELINES AND OUTLOOK – INCREASED PROFITABILITY ME US\$ MILLIONS

Revenues \$260M-\$270M (\$266.4M) (2%)-1.4% YoY	Revenues w/o Terrestrial Infra	Mobility Revenues Mainly IFC \$105M-\$108M (\$97.2M) 8%-11% YoY
	\$234M-\$240M (\$241.4M) (3%)-0% YoY	Fixed Networks Revenues including CBH \$128M-\$132M (\$144.2M) (11%)-(8%) YoY
Adjusted EBITDA \$38M-\$42M (\$35.2M) 8%-19% YoY	Operating Margin GAAP 9% (8%) Non GAAP 11% (9%)	Operating Profit GAAP \$23M-\$27M (\$21.3M) Non GAAP \$27M-\$31M (\$25.1M)

GILAT REVENUES & TERRESTRIAL INFRASTRUCTURE BREAKDOWN US\$ millions

@ Q3 2019 PROFIT AND LOSS HIGHLIGHTS US\$ MILLIONS

Revenues \$63.4M (\$62.8M) (1%) YoY	Revenues w/o Terrestrial Infrastructure \$54.4M (\$56.8M)		Gross Profit/Margin GAAP \$23.3M-37% (\$24.2M-39%) Non GAAP \$23.3M-37% (\$24.5M-39%)
	Fixed Networks Revenues \$27.3M (\$34.9M)		OPEX GAAP \$16.3M (\$18.2M) Non GAAP \$15.8M (\$18.0M)
	Mobility Revenues \$27.1M (\$21.8M)		Operating Profit/Margin GAAP \$7.0M-11% (\$6.0M-10%) Non GAAP \$7.5M-12% (\$6.5M-10%)
Net Profit GAAP \$6.3M (\$8.7M*) Non GAAP \$6.8M (\$5.1M)			Adjusted EBITDA \$10.1M (\$9.1M)

*) in 2019 Net profit includes \$4.1M initial recognition of deferred tax assets with respected to carry forward losses **) Q3-19 (Q3-19 (Q3-18)
28 | Proprietary and Confidential

@ QUARTERLY PROFIT AND LOSS HIGHLIGHTS

US\$ MILLIONS, EXCEPT PER SHARE DATA

GAAP	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19
Revenues	62.8	69.7	62.1	59.7	63.4
Gross Profit	24.2	26.0	23.6	22.0	23.3
Gross Margin	39%	37%	38%	37%	37%
R&D, net	8.2	8.9	8.3	7.1	7.1
S&M	5.5	5.5	5.9	5.4	5.0
G&A	4.6	4.3	4.9	4.6	4.1
Other income*	-	(0.2)			-
Operating income	6.0	7.5	4.5	4.9	7.0
Net income	8.7	5.3	2.8	3.4	6.3
Diluted EPS	0.16	0.09	0.05	0.06	0.11
Non-GAAP**
Gross Margin	39%	38%	38%	37%	37%
Operating Income	6.5	7.9	5.6	6.3	7.5
Net income	5.1	5.7	4.0	4.8	6.8
Adjusted EBITDA	9.1	10.5	8.2	8.9	10.1

* Include trade secrets litigation income

** Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amoritation of intangible assets related to shares

appisito trassation of lase inatinents, resultation oss, re-ogradaxion oss, tse seres ligatin repease inter annest your and initial experith of defered tax sever borned

losses
29 | Proprietary and Confidential

Cash and equivalents1	DSO2	Total Assets
\$84.2M (\$69.5M)	86 days (83 days)	\$358.8M (\$365.5M)
Cash From Operation \$17.2M increase (\$8.3M decrease) 1) Including cash and cash equivalents, restricted cash and net of short term bank credits	Total Debt \$8.2M (\$8.3M)	Shareholders equity \$228.6M (\$223.2M)

3) 03-19 (02-19)

THANK YOU

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