Momentus SPAC Presentation Deck
CLEAR PATH TO PROFITABILITY AND >$IB IN EBITDA
MANAGEMENT FORECAST (NON-GAAP)
($ in millions)
Satellite Transportation Services
Satellite as a Service
In-Orbit Services
Revenue
% Growth
Satellite Transportation Services
Satellite as a Service
In-Orbit Services
Gross Profit
% Margin
(-) SG&A
(-) R&D
EBITDA
% Margin
(-) CapEx
(-) Change in NWC
(-) Income tax paid (unlevered)
Unlevered Free Cash Flow
2020E
$2
$2
NM
($1)
($1)
NM
(9)
(17)
($27)
NM
($4)
5
($26)
2021E
$19
$19
NM
$2
$2
NM
(15)
(32)
($46)
NM
($20)
26
($40)
2022E
$122
30
$152
682%
$42
21
$63
42%
(21)
(60)
($18)
NM
($6)
(11)
($35)
2023E
$435
153
10
$598
293%
$156
70
5
$230
39%
(27)
(96)
$107
18%
($7)
32
(3)
$129
2024E
$852
319
29
$1,200
101%
$399
158
16
$573
48%
(36)
(129)
$409
34%
($51)
327
(84)
$601
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2025E
$1,089
721
150
$1,960
63%
$785
505
108
$1,398
71%
(46)
(151)
$1,201
61%
($10)
286
(250)
$1,227
2026E
$1,453
1,192
343
$2,987
52%
$1,030
796
254
$2,080
70%
(59)
(160)
$1,861
62%
($10)
307
(389)
$1,769
2027E
$1,717
1,650
669
$4,035
35%
$1,194
1,031
471
$2,696
67%
(76)
(164)
$2,455
61%
($12)
(27)
(513)
$1,903
1. Management forecasted non-GAAP financials based on non-GAAP
revenue. See page 38 for financials calculated under ASC 606 and
for a reconciliation of non-GAAP to GAAP measures
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