Regulatory Filings • Aug 9, 2017
Regulatory Filings
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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
(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

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.
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.


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5

Global HTS Bandwidth Supply, Demand and Price per Mbps
Abundance of capacity unlocks new markets



7



Source: NSR, 2017


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


SoftBank_OPTUS
· Generating recurring revenues









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


17

GAAP Operating Profit: \$7M - \$11M
Adjusted EBITDA: \$22M - \$26M


Revenues, Gross margin, Non GAAP Gross margin ("NG" when applicable)
18

| 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


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


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