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Gilat Satellite Networks Ltd.

Regulatory Filings Aug 11, 2016

6810_rns_2016-08-11_0cf92dfc-2eef-42cc-91de-7f290fa3235a.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, 2016

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 the Registrant's IR presentation, which supersedes the presentation filed by Registrant on February 22, 2016.

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.

Dated August 11, 2016 By: /s/ Yael Shofar

Gilat Satellite Networks Ltd. (Registrant)

Yael Shofar General Counsel

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Gilat Satellite Networks Investor Presentation

August 2016

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Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known 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 products, inability to obtain 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 pressure on prices resulting from competition, introduction of 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 Gilat's international operations and its location in Israel. We undertake no obligation to update or revise any forwardlooking 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.

Gilat - Boundless Communications

Gilat at a Glance

Driving the satellite industry since 1987

  • · Global presence: 20 sales offices
  • · 24x7 service via 4 NOCs
  • · Constant innovation: 5 R&D centers · More than 1.5 million terminals globally
    • · ~500 networks
      • · Sold in 90 countries

Capacity Abundance

Source: Euroconsult March 2016

Abundance of capacity unlocks new markets

Satellite delivers significant volumes, terrestrial-grade user experience and economies

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Revenue to be added in the next 10 years to the combined CPE and Service revenues:

  • · Satellite broadband access: ~\$8.0 Billion
  • · Enterprise Networking: ~\$1.0 Billion
  • · Wireless backhaul and trunking: ~\$1.0 Billion

Connected Commercial Aircraft Growth from 2015 to 2024

  • Connected via satellite
    • · 2015 3,300 connected aircrafts
    • · 2024 20,000 connected aircrafts
    • · Highest growth is in the International market
    • · IFC will offer higher bandwidth in particular from HTS

Source: NSR 2015

Source: Euroconsult 2015

Market forecasted to grow and generate \$4B in retail & wholesale revenues by the end of 2024 (Source: NSR)

Satellite Cellular Backhaul - Technology Breakthrough

  • · Satellite backhauling moving into the mainstream
  • · True LTE-over-satellite performance delivered to the handset

Capricorn

Proven success:

g

Market Trends and Growth Drivers

INTERNET EVERYWHERE, ANYTIME

  • Satellite on-the-Move
    • In-Flight Connectivity (IFC)
    • Maritime and Trains
  • · Broadband (BB) Demand in Rural areas
    • Increasing demand in rural developing countries
  • . Cellular Backhaul
    • Rollout of LTE
  • · HTS (High Throughput Satellite)
    • Reduced space segment cost significantly
    • The new growth prospect for the satellite industry
    • Need for a strong network partner

Gilat: Provide the Technology and Services for ...

INTERNET EVERYWHERE, ANYTIME

Leveraging our Assets:

  • · Cutting edge technology
  • · Global presence and high reputation
  • · End-to-end (E2E) services capabilities

Market Trends:

  • · Abundance of capacity
  • · Declining prices

Leading edge IFC solution components

China

  • · Potential is huge:
    • · Trains (CRRC)
    • . IFC
    • Rural .
    • Other .

Recent wins:

Services - End-to-End Managed Services

Broadband Internet in Rural Areas

  • · Proven solutions for bridging the digital divide, delivered via terrestrial and satellite networks
  • · Cooperation with governments, ISPs, and NGOs
  • · On-time delivery, within budget and fulfilling the project scope
  • · Experience deploying and operating networks in any terrain

Financial Indicators

2016 Management Objectives (US\$ millions)

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

GAAP Q2 15 Q3 15 Q4 15 Q1 16 Q2 16
Revenues 44.3 40.3 67.7 52.7 67.9
Gross Profit 11.1 9.5 10.4 12.4 15.2
Gross Margin 25% 24% 15% 24% 22%
R&D net 6.4 6.0 3.7 5.8 6.2
S&M 6.4 6.0 6.1 5.1 5.9
G&A 5.5 5.2 3.4 4.4 5.7
Goodwill impairment & restructuring 21.4 0.5
Operating loss (7.2) (29.1) (3.4) (3.0) (2.5)
Net loss (9.1) (32.4) (5.2) (4.0) (3.7)
Diluted EPS (0.21) (0.73) (0.12) (0.09) (0.07)
Non GAAP*
Gross Margin 28% 27% 32% 26% 24%
Operating Income (loss) (5.2) (5.8) 8.9 (1.4) (0.8)
Net income (loss) (7.1) (8.9) 7.0 (2.4) (2.0)
EBITDA (2.5) (3.4) 11.1 0.5 1.0

* Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amortization of intangible assets related to shares acquisition transactions, impairments, restructuring costs and net income (loss) from discontinued operations.

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June 30,
2016
December 31,
2015
Cash Balances1 130.1 120.9
Total Assets 369.0 370.8
Total Debt2 21.8 26.0
Shareholders' equity 206.6 178.1

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

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Questions & Answers

Thank You

Gilat Satellite Networks | [email protected] | www.gilat.com

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