Gilat Satellite Networks Ltd.

Foreign Filer Report • Mar 6, 2024

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 March 2024

Gilat Satellite Networks Ltd.

(Translation of Registrant's Name into English)

Gilat House, 21 Yegia Kapayim Street Daniv Park, Kiryat Arye, Petah Tikva 4913020, 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 March 6, 2024

By:/s/ Doron Kerbel

Doron Kerbel General Counsel & Company Secretary

Gilat Leading Satellite Communications in the New Space Revolution

Investors Day March 2024

Gilat Satellite Networks

Gilat Proprietary and Confidential

Forward Looking Statements Disclaimer

Certain statements made herein that are forward-looking within the meaning of the Pinate Securities Litigation Reform Act of 195. The words "estimate", "project", "believ" and similar expressions are intentify forward-looking stalenents. These forward-looking statements involve known risks and uncertaintes. Many factors could cause the actual results, performance or achievements of Glat to be naterially different from any fullerence that may be expressed or implied by such forward-looking statements, including, among in general economic and business conditions, inability to maintain market acceptance to Glats products, inability to imely develop and introduce , products and applications, rapid changes in the market for Gill's products, loss of markel share and pressure on petition, 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 proprietay technology and risks associated operations and its boation in Israel, including those related to the current terrors' atacks by Hamas, and the war and hostillies belveen Israel and Hezbollah. For additional information regarding these and other risks and uncertaintes associated with Glat's reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

Unaudited/Non-GAAP Financial Measures

This presentation includes financial and mancal data that was not prevared in accordance with U.S. Generally Accebed Accounting Principles (GAP). Non-GAR financial measures mainly exclude, the effect of non-eash stock-based compensation expenses, anotization of purchased intengthe asses related to acquisitor transations, lease incentive anorization, impaiment of held for sale asset, one-line changes of deferred tax asses, one-fine tax expense related to the release of historical tax-trapped earning expenses (income tax eftect on the relevant adjustments. Glad believes these non-GAP financial measures provide measures to help intestos understand Glats current and future operating performance. However, our non-GAP financial measures are not meant to be conside for comparable GAP measures and should be read in conjunction with Gilat's consolidated financial statements prepared in accordance with GAAP.

A World Leader in Satellite Communications

Innovative Ground Equipment

((ଯୁ))

Cellular Backhaul

Aero/IFC

3

Leading Global Customer Base

র্য

VHTS/NGSO Constellations -Abundance of Capacity

Large Capital Spending in Satellite Industry

Total Addressable Market (\$M)

NSR 2023 & Gilat Internal

A Multi-billion Dollar Equipment Market

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GEO and MEO Upcoming Launches

Main NGSO Constellations - Road Map

Capacity and Revenue solid significant growth

Uniquely Positioned to Unlock Growth Opportunities

We are Gilat

Anywhere on the planet and in space, we bring boundless communications

We believe in the right of all people to be Connected

10

Gilat Proprietary and Confidential

Successful Execution and Future Prospects NGSO & VHTS

Successful Execution and Future Prospects

SES O3b mPOWER

O3B mPOWER Global GEO Maritime Network supplier of Choice Cellular Backhaul, Cruise, Enterprise

Future Pole-To-Pole MEO Network expansion

Future IFC Global Roaming Ka Network

skyedge iv

SkyEdge c

Future Digital Cloud Platform

Successful Execution and Future Prospects

Commercial IFC, Cellular Backhaul

Future Cruise, Enterprise, Business Aviation

skyedge™ GEO VHTS SKyEdge Co

Future All-Software Platform for SDS

Successful Execution and Future Prospects In-Flight Connectivity (IFC)

Successful Execution and Future Prospects Cellular Backhauling (CBH)

NSR & GILAT ESTIMATION, 2022

Successful Execution and Future Prospects

Defense & Government

Won Leading Military and Government Customers

Future Synergies with DataPath; DoD and Global expansion GLT-100; Taurus-M

Future NG Modem - Gain significant share of the SCPC market

17

Successful Execution and Future Prospects

Networks Infrastructure and Services

Financial Highlights

Gilat Proprietary and Confidential

Q4 2023 Profit and Loss Highlights

1

US\$ Millions

		Q4/23	Q3/23	Q2/23	Q1/23	Q4/22
GAAP
	Revenue	75.6	63.9	67.6	59.0	72.6
	Gross Margin	38%	40%	38%	42%	38%
	Operating Expenses	26.0	13.1	20.1	17.7	21.6
	Operating Income	2.9	12.7	5.4	7.0	6.1
	Net Income / (Loss)	3.4	10.2	4.3	5.6	(6.0)
Non-GAAP
	Adj. EBITDA	9.4	ರಿ.5	9.2	8.4	10.1
	Operating Expenses	23.4	19.8	19.6	19.5	20.7
	Operating Income	6.1	6.1	6.1	5.3	7.1
	Net Income	6.5	4.6	4.9	3.8	7.9

FY 2023 Profit and Loss Highlights

US\$ Millions

		2023	2022
GAAP
	Revenue	266.1	239.8
	Gross Margin	39.4%	36.2%
	Operating Expenses	76.9	77.0
	Operating Income	28.1	10.0
	Net Income / (Loss)	23.5	(5.9)
Non-GAAP
	Adj. EBITDA	36.4	25.2
	Operating Expenses	82.3	73.6
	Operating Income	23.5	13.6
	Net Income	19.9	10.6

21

Balance Sheet Highlights

US\$ Millions

	Q4/23	Q3/23	Q2/23	Q1/23	Q4/22
Cash, net 1	95.3	100.3	87.8	89.7	87.1
DSO 2	63	75	63	77	72
Cash From Operations	10.0	13.8	2.0	6.2	16.8
Equity	274.7	265.5	255.0	250.0	244.1

1)Cash includes Cash and cash equivalents and restricted cash, net of loans 2)DSO exclude construction in Peru

Executing Profitable Growth Strategy

2024 Market Guidance (US\$ Millions)

2024 Market Guidance by Segment

Annual Revenues (US\$ Millions)