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Gilat Satellite Networks Ltd.

Regulatory Filings Aug 9, 2017

6810_rns_2017-08-09_986f6e8b-b347-437c-a0af-5acf16cb7a79.pdf

Regulatory Filings

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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 August, 2017

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 pForm 40-F Á

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 ÁNo p

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 corporate 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 August 9, 2017

By: /s/ Yael Shofar

Yael Shofar General Counsel

Gilat Satellite Networks - Company Overview

A Worldwide Leader in Broadband Satellite Connectivity

August 2017

NASDAQ, TASE: GILT

Certain statements made in this presentation that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different 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 Gilat's to obtain financing and/or timely develop and introduce new technologies , rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Giat's internations and its location in I srael. Glat undertakes no obligation to update or revise any forward-looking statements for any reason. For additional information regarding these and other risks and uncertainties associated with Gilat'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 (GAP). Non-GAAP financial measures appearing in this presentation consist of GAAP financial measures adjusted to exclude, non cash share-based compensation expenses, impairment of goodwill and long lived assets, amorization of acquired intangible assets, restructuring expenses and net income or loss from discontinued operations. Gilat believes these non-GAAP financial measures provide measures to help investors understand Gilat's current and future operating performance. However, our non-GAAP financial measures are not meant to be consideredin isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with Gilat's consolicated financial statements prepared in accordance with GAAP Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.

Gilat - Boundless Communications

Global Footprint - Expanding a Diverse Customer Base

11 00 00 00 00 000

Satellite Capacity Abundance is the New Reality - GEO + LEO/MEO

5

Global HTS Bandwidth Supply, Demand and Price per Mbps

Abundance of capacity unlocks new markets

Affordable Internet Everywhere is Becoming a "Birth Right"

Accelerating Connectivity - Growth Areas for Gilat

7

MOBILE - Leading the Fast Growing Satellite Backhaul Market

"Gilat is the fastest growing player in the vertical. It recently won large projects, boosting its market share ... "

Source: NSR, 2017

MOBILE - Enabling Seamless "Terrestrial-grade" User Experience

Affordable true LTE Backhaul

· Delivering superior technology and products for "terrestrial-grade" User Experience

  • · Expanding mobile coverage to rural, highways, islands, tourist centers, campuses, metro-edge and metro areas
  • · Installing new sites as well as replacing leased lines and upgrading T1/E1 connections

Global End-to-End Services

  • Delivering comprehensive services to tier-1 MNOs
  • Integrating ground and space assets to deliver Managed Services
  • Bringing recognized global experience

SoftBank_OPTUS

· Generating recurring revenues

MOBILITY - Delivering Superior Passenger Experience

Leading Performance Solutions for All In-Flight Connectivity Modules

RURAL BROADBAND - Delivering Core Infrastructure Supporting Nation Building

15

Broadband to unserved & underserved Large governmental projects in Peru and Colombia
Bridging the digital divide
Connecting communities and individuals
to the world via broadband
Peru - FITEL projects
- A \$2B+ program to build terrestrial networks
across Peru
- 8 Regional Projects awarded so far - 4 to Gilat (~\$400M)
· \$230M construction revenue
· \$170M operational revenue over 10 years
- 13 more Regional Projects to be awarded
Growing service revenues
Target:

Recurring revenues >\$50M revenues/ year,

profitable, starting 2019, over 10 years

Financial Indicators and Analysis

Executing Profitable Growth Strategy

17

Updated 2017 Management Objectives (US\$ millions)

Revenues: \$280M - \$290M

GAAP Operating Profit: \$7M - \$11M

Adjusted EBITDA: \$22M - \$26M

Yearly Revenue & Gross Margin per Segment

Revenues, Gross margin, Non GAAP Gross margin ("NG" when applicable)

18

Quarterly Profit and Loss Highlights (US\$ millions, except per share data)

GAAP Q2 16 Q3 16 Q4 16 Q1 17 Q2 17
Revenues 67.9 78.6 80.3 63.9 66.2
Gross Profit 15.2 23.7 24.2 17.3 19.6
Gross Margin 22% 30% 30% 27% 30%
R&D net 6.2 6.4 6.5 6.7 6.2
S&M 5.9 6.2 6.2 5.8 5.6
CBA 4.3 9.3 4.2 4.0 5.3
Other expenses* 1.4 2.0 0.9 0.8 0.7
Operating income (loss) (2.5) (0.2) 6.5 0.0 1.9
Net income (loss) (3.7) (2.2) 4.5 (0.8) 2.1
Diluted EPS (0.07) (0.04) 0.08 (0.01) 0.04
Non-GAAP**
Gross Margin 24% 32% 32% 29% 31%
Operating Income (loss) 0.5 3.3 9.0 2.5 4.1
Net income (loss) (0.6) 1.4 7.0 1.7 4.6
Adjusted EBITDA 2.4 5.2 10.8 4.2 5.9

* Include tax amnesty and trade secrets litigation expenses

** Adjustments reflecthe 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 expense under amnesty program

June 30,
2017
March 31,
2017
Cash Balances1 109.5 93.1
Total Assets 383.1 377.4
Total Debt2 17.3 17.3
Shareholders' equity 212.7 210.3

1) Including cash and cash equivalents, restricted cash and net of short term bank credits.

2) Includes long term loans and current maturities of long term loans

In Summary - Uniquely Positioned for Unlocking Opportunities

Demand for affordable broadband, anywhere anytime, is soaring

Leading in the main growth areas -Mobile backhaul & In-Flight Mobility

Significant new revenue opportunities

Focused on strategy execution and profitability

Thank You!

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