Gilat Satellite Networks Ltd.

Investor Presentation • Feb 13, 2019

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 February, 2019

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 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)

By: /s/ Yael Shofar

Yael Shofar General Counsel

Page 2of 2

Dated February 13, 2019

GILAT SATELLITE NETWORKS COMPANY OVERVIEW

6

February 2019

NASDAQ, TASE: GILT

FORWARD LOOKING STATEMENTS DISCLAIMER

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 uncertainties. Many factors could cause the actual results, performance or achievements of Gifterent 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 Gild's to obtain financing and/or timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products. Ioss of market share and prices resulting from competition, introduction of companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified protect the Company's proprietary technology and risks associated with Gilat's international operation in Israel. Gilat undertakes no obligation to update or revise any forwardlooking statements for any reason. For additional information regarding these and uncertainties associated with Gial'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 (GAAP). Non-GAAP financial measures appearing in this presentation consist of GAAP financial measures adjusted to exclude, non cash share-bases, imparment of goodwill and long lived assets, amortization of acquired intangible assets, restructuring, trade secrets litigation expenses under amnesty program, deferred tax benefit hat was recorded for the first time and other non-recurring expenses and net income or loss from discontinued operations. Gilat believes these non-GAAP financial measures provide consistent and comparable measures to help investors understand Gitats current and future operating performance. However, our non-GAAP financial meant to be consideredin isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with Gilat's consolidated 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.

OBAL FOOTPRINT - EXPANDING A DIVERSE CUSTOMER BASE

BOOMING CAPACITY - GEO + LEO/MEO (0)

Global HTS Bandwidth Supply, Demand and Price per Mbps

ABUNDANCE OF CAPACITY UNLOCKS NEW MARKETS

ACCELERATING CONNECTIVITY - GROWTH AREAS

MOBILE

LEADING THE FAST GROWING SATELLITE BACKHAUL MARKET

Satellite Backhaul Market

"Gilat continues to unlock new opportunities and capture a bigger share of the pie ... "

Source: NSR, April 2018

Affordable true LTE Backhaul

· Delivering "terrestrial-grade" User Experience

• · Expanding coverage to: rural, highways, islands, tourist centers, campuses, metro-edge and metro areas
• · Replacing leased lines and upgrading T1s/E1s

Global End-to-End Services

• · Delivering comprehensive services
• · Expertise in integrating ground and sat networks
• · Experience with Tier-1 MNOs worldwide
• · Generating recurring revenues

MOBILITY

MOBILITY - SUPERIOR PASSENGER EXPERIENCE DRIVES DEMAND

Satellite Broadband Connected Aircrafts

DELIVERING SUPERIOR PASSENGER EXPERIENCE

Leading Performance Solutions for All In-Flight Connectivity Modules

BROADBAND

DELIVERING CORE INFRASTRUCTURE FOR NATIONAL BROADBAND

Broadband to unserved & underserved

• · Bridging the digital divide
• @ Connecting communities and individuals to the world via broadband
• · Innovating to deliver plentiful affordable Consumer and Enterprise solutions

Large governmental projects in Peru and Colombia

FITTED

• Peru FITEL projects
  • o A \$2B+ program to build terrestrial networks across Peru
  • o 14 Regional Projects awarded so far -6 to Gilat (~\$548M)
    • ~\$333M construction revenue
    • \$215M operational revenue over 10 years
  • o Target:

Recurring revenues >\$50M / year, profitable, starting 2020

18 | Proprietary and Confidential

NBN

Connecting nationwide businesses and enterprises in regional and rural Australia

Gazprom

Providing broadband connectivity across Russia over new satellite -Yamal 601 Ka

China Satcom

Extending satellite coverage throughout China with new satellite - CS-18, sole solution to China's HTS Ka CHINA SATCOM

JSAT

Delivering wide range of mobility and fixed broadband applications in Japan

Boosting broadband connectivity across India's mainland and islands -over new satellite -SAN ISTO ISRO's GSAT-11

• · Gilat involved in a number of them
• ☺ Opportunity is both baseband as well as ESA antennas
  • o IFC demo Telesat/GEE
  • o Maritime connectivity demo Telesat/Tier-1 Maritime service provider

5G-READY SATELLITE SOLUTION 5G
Service Ubiquity	Service to regions without terrestrial network e.g. rural/remote, public safety, disaster, loT
Service Continuity	Continuity between terrestrial and satellite networks e.g. aero, maritime, land
Service Scalability	Media service e.g. global feed, video backhaul

FINANCIAL INDICATORS AND ANALYSIS

(0)

Revenues \$266.4M (\$282.8M) (6%) YoY	Revenues w/o Terrestrial Infra \$241.4M (\$204.5M)	Gross Profit GAAP 35% (29%) Non GAAP 36% (31%)
	18% YoY Fixed Networks Revenues including CBH	OPEX GAAP \$72.8M (\$71.6M) Non GAAP \$71.9M (\$68.8M) Operating Profit GAAP \$21.3M (\$10.9M) Non GAAP \$25.1M (\$18.5M) Operating Margin GAAP 8% (4%) Non GAAP 9% (7%)
	\$144.2M (\$116.1M) 24% YoY
	Mobility Revenues Mainly IFC \$97.2M (\$88.4M) 10% YoY
Net Profit		Adjusted EBITDA

K

* 2018/ (2017) 24 | Proprietary and Confidential

ANNUAL PROFIT AND LOSS HIGHLIGHTS

US\$ MILLIONS, EXCEPT PER SHARE DATA

GAAP	2016	2017	2018
Revenues	279.6	282.8	266.4
Gross Profit	75.5	82.5	94.0
Gross Margin	27%	29%	35%
R&D, net	24.9	28.0	33.0
ട&M	23.4	23.8	22.7
G&A	22.0	18.5	17.2
Other expenses (income)*	4.4	1.3	(0.2)
Operating income	0.8	10.9	21.3
Net income (loss)	(5.3)	6.8	18.4
Diluted EPS	(0.10)	0.12	0.33
Non-GAAP **
Gross Margin	29%	31%	36%
Operating Income	11.7	18.5	25.1
Net income	5.6	14.6	18.2
Adjusted EBITDA	19.2	26.2	35.2

* Include tax amnesty, goodwill impairment, restructuring cost and trade secrets litigation expenses (income)

** Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amortization of intangible assets related to shares

a oquisition transations in the estruction expenses (income), tax expense inter annesy program and initial respect to asset with respect to any -fonward broses

2019 GUIDELINES AND OUTLOOK - INCREASED PROFITABILITY US\$ MILLIONS

Revenues \$275M-\$295M (\$266.4M) 3%-11% YoY	Revenues w/o Terrestrial Infra \$252M-\$265M (\$241.4M) 4%-10% YoY Mobility Revenues Mainly IFC \$101M-\$107M (\$97.2M) 4%-10% YoY	>60% of 2019 revenues
	Fixed Networks Revenues including CBH \$151M-\$158M (\$144.2M) 5%-10% YoY	from current backlog
Adjusted EBITDA \$38M-\$42M (\$35.2M) 8%-19% YoY	Operating Margin GAAP 9% (8%) Non GAAP 11% (9%)	Operating Profit GAAP \$23M-\$27M (\$21.3M) Non GAAP \$27M-\$31M (\$25.1M)

26 | Proprietary and Confidential

G

EXECUTING PROFITABLE GROWTH STRATEGY

2019 Management Objectives (US\$ millions)

Annual Revenues

Adjusted EBITDA

GAAP Operating Profit

Revenues: \$275M - \$295M

GAAP Operating Profit: \$23M - \$27M

Adjusted EBITDA: \$38M - \$42M

GILAT REVENUES & TERRESTRIAL INFRASTRUCTURE BREAKDOWN 0 US\$ millions

@ Q4 2018 PROFIT AND LOSS HIGHLIGHTS US\$ MILLIONS

	Revenues w/o Terrestrial Infrastructure \$65.0M (\$67.3M)	Gross Profit/Margin GAAP \$26M-37% (\$25.2M-31%) Non GAAP \$26.3M-38% (\$26.4M-32%)
Revenues \$69.7M (\$82.7M) (16%) YoY	Fixed Networks Revenues \$35.4M (\$34.7M)	OPEX GAAP \$18.5M (\$19.6M) Non GAAP \$18.4M (\$19.4M)
	Mobility Revenues Mainly IFC \$29.6M (\$32.6M)	Operating Profit/Margin GAAP \$7.5M-11% (\$5.6M-7%) Non GAAP \$7.9M-11% (\$7.0M-8%)
Net Profit GAAP \$5.3M (\$3.4M) Non GAAP \$5.7M (\$4.7M)		Adjusted EBITDA \$10.5M (\$9.0M)

( QUARTERLY PROFIT AND LOSS HIGHLIGHTS

US\$ MILLIONS, EXCEPT PER SHARE DATA

GAAP	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18
Revenues	82.7	67.4	66.5	62.8	69.7
Gross Profit	25.2	21.4	22.4	24.2	26.0
Gross Margin	31%	32%	34%	39%	37%
R&D, net	8.2	8.0	7.9	8.2	8.9
ട&M	6.6	5.4	6.3	5.5	5.5
G&A	5.0	4.3	4.1	4.6	4.3
Other expenses (income)*	(0.2)				(0.2)
Operating income	5.6	3.7	4.1	6.0	7.5
Net income	3.4	2.3	2.2	8.7	5.3
Diluted EPS	0.06	0.04	0.04	0.16	0.09
Non-GAAP **
Gross Margin	32%	34%	36%	39%	38%
Operating Income	7.0	5.1	5.7	6.5	7.9
Net income	4.7	3.8	3.7	5.1	5.7
Adjusted EBITDA	9.0	7.5	8.1	9.1	10.5

* Include tax amnesty and trade secrets litigation expenses (income)

** Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amorization of intangible assets related to shares

aquisition transaction, inquiring cost, trabe eseas linome), tax expense under annesy program and initial resognition of eferred to any-fonald broses

Cash and equivalents1	DSO2	Total Assets
\$104.2 (\$103.3)	71 days (73 days)	\$394.7 (\$391.3)
Cash From Operation \$4.0M increase (\$9.6 increase)	Total Debt \$12.6 (\$12.7)	Shareholders equity \$239.1M (\$233.5M)

3) Q4-18 (Q3-18)

THANK YOU

Gilat Satellite Networks | info@gilat.com | www.gilat.com