Foreign Filer Report • May 24, 2022
Foreign Filer Report
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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 May, 2022
(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 May 24, 2022
By: /s/ Yael Shofar
Yael Shofar General Counsel

Investors Presentation
MAY 2022

Certain statements made in this presentation are 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-looking statements involve risks and uncertaintes. Many factors could cause the actual resuls, performance of Giat 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, nability 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 competing products by other companies, inability to manage growth and expansion, loss of ley OEM partners, inability to attract and relain qualified 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 uncertainles associated with Glats 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 and financial data that was not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAP). Non-GARP financial measures appearing in this presentation consist of GAAP financial measures adjusted to exclude, non-cash shares inparment of goodwill and long-wed assess, amorization of acquired intangible assets, restructuring, trade secrets lax expenses under annesty program, deferred lax benefit hat was recorded for the first time and other non-recurring expenses and he' income or loss from discontinued operations. Gial believes hers non-GAP financial neasures provide consistent and comparable neasures 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 consolidated financial statements prepared in accordance with GAAP

+800 Employees 1987 Founded 20 Sales Offices 5 R&D Centers GILT NASDAQ/TASE


UNIQUELY POSITIONED TO UNLOCK GROWTH OPPORTUNITIES

1
റ | Strong Tailwinds in Defense
∠ | Increased focus on military SATCOM networks
റ്റു | Peru Terrestrial Networks "Investment" Shifting to Operation
ാ | Recurring revenue model




Source: Valour 2020

GROWTH OPPORTUNITIES DRIVEN BY INCREASE IN DEMAND AND MARKET PENETRATION







GILAT EXPERTISE AND INNOVATION MAKING 5G A REALITY

Transportable

Military Aircraft

On-the-Move

HIGH-BANDWIDTH REQUIRED IN BATTLEFIELD
Expected Market Value ~\$930M in 2025
Source: NSR 2020

Satcom Network
Unmanned Aerial Vehicle
On-the-Pause


@ connectivity PARA TODOS TODOS TODOS
GILAT DELIVERS INTERNET TO MILLIONS OF PEOPLE IN PERU



SEGMENT COMMENTARY





| Q1/22 | Q4/21 | Q3/21 | 02/21 | Q1/21 | ||
|---|---|---|---|---|---|---|
| Revenue | 51.4 | 67.0 | 49.8 | 54.8 | 43.4 | |
| Gross Margin | 32% | 37% | 35% | 30% | 29% | |
| 0 | Operating Expenses | 17.4 | 19.3 | 16.7 | 17.1 | 16.0 |
| U | Operating Income/ (Loss) | (1.0) | 5.4 | 0.8 | (0.4) | (3.5) |
| Net Income / (Loss) | (2.5) | 2.1 | 0.0 | (0.2) | (5.0) | |
| Adj. EDITDA | 2.5 | 10.4 | 3.9 | 2.4 | (1.3) | |
| 0 | ||||||
| -G | Operating Expenses | 16.7 | 18.2 | 16.2 | 16.6 | 16.2 |
| No | Operating Income/ (Loss) | (0.3) | 6.6 | 1.3 | 0.1 | (3.6) |
| Net Income / (Loss) | (1.8) | 5.6 | 0.6 | 0.3 | (5.1) |

| 2021 | 2020 | ||
|---|---|---|---|
| Revenue | 215.0 | 166.1 | |
| Gross Margin | 33% | 25% | |
| Operating Expenses | 69.1 | 3.6 | |
| GAAP | Operating Income | 2.2 | 37.8 |
| Net Income / (Loss) 1 | (3.0) | 35.1 | |
| Adj. EDITDA | 15.4 | (3.1) | |
| Non-GAAP | Operating Expenses | 67.2 | 55.1 |
| Operating Income/ (Loss) | 4.4 | (13.5) | |
| Net Income / (Loss) | 1.5 | (16.2) |
1) GAAP excluding CMTL settlement - OPEX FY20 \$57.2M; Operating loss FY20 \$15.9M; Net loss FY20 \$18.8M;

| Q1/22 | Q4/21 | Q3/21 | 02/21 | 01/21 | |
|---|---|---|---|---|---|
| Cash1 | 77.3 | 86.6 | 85.4 | 82 | 75.6 |
| DSO2 | 93 | 60 | 66 | 65 | 77 |
| Cash from operations | (7.4) | 5.2 | 5.0 | 8.4 | 0.3 |
| Equity | 246.9 | 248.3 | 245.7 | 245.3 | 244.8 |
1) Cash includes Cash and cash equivalents, short-term deposits and restricted cash
2) DSO calculation excludes Terrestrial Infrastructure Projects Segment




VHTS and NGSO Opening New Markets

SkyEdge IV is a leading VHTS and NGSO Platform

Leading in Main Growth Areas -Cellular Backhaul (4G, 5G) & In-Flight Connectivity

Increased Focus on Military SATCOM Networks

Focused on Profitable Growth


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