6-K 1 zk1618874.htm 6-K

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.

| Gilat Satellite Networks Ltd. (Registrant) |
Dated August 11, 2016 | By: | /s/ Yael Shofar |
|  | Yael Shofar |
|  | General Counsel |

2

August 2016 Gilat Satellite NetworksInvestor Presentation

Forward Looking Statements Disclaimer * 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 and unknown 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 forward-looking 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.

Mobility Commercial Services Rural BroadbandPeru & Colombia Enterprise & Consumer BB/Cellular Backhaul IFC/Trains/Maritime/Defense Providing Full Network Management and Equipment Gilat – Boundless Communications *

5 R&D centers4 NOCs20 Sales offices More than 1.5 million terminals globally~500 networksSold in 90 countries Gilat at a Glance Constant innovation: 5 R&D centersGlobal presence: 20 sales offices24x7 service via 4 NOCs Driving the satellite industry since 1987 *

Satellite Companies Telcos / MNOsEnterprises Service Providers & ISPs System Integrators Governments Global Presence with Diverse Customer Base & Partners *

Capacity Abundance * Source: Euroconsult March 2016 * Satellite delivers significant volumes, terrestrial-grade user experience and economies Abundance of capacity unlocks new markets

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 Satellite Market Service & CPE Revenues by Region *

Source: NSR 2015 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 Market forecasted to grow and generate $4B in retail & wholesale revenues by the end of 2024 (Source: NSR) Connected Commercial Aircraft Growth from 2015 to 2024 Source: Euroconsult 2015

Satellite Cellular Backhaul – Technology Breakthrough * Proven success: Capricorn Gilat’s Capricorn - a game-changer Satellite backhauling moving into the mainstream True LTE-over-satellite performance delivered to the handset

Market Trends and Growth Drivers Satellite on-the-MoveIn-Flight Connectivity (IFC)Maritime and TrainsBroadband (BB) Demand in Rural areasIncreasing demand in rural developing countries Cellular BackhaulRollout of LTE HTS (High Throughput Satellite)Reduced space segment cost significantly The new growth prospect for the satellite industryNeed for a strong network partner Multi-spot Beams * INTERNET EVERYWHERE, ANYTIME

Gilat: Provide the Technology and Services for… Cellular Maritime In-flight Broadband Enterprise X-Architecture Trains * Leveraging our Assets: Cutting edge technology Global presence and high reputation End-to-end (E2E) services capabilities Market Trends: Abundance of capacity Declining prices INTERNET EVERYWHERE, ANYTIME
Gilat: Provide the Technology and Services for… Cellular Maritime In-flight Broadband Enterprise X-Architecture Trains * Leveraging our Assets:Cutting edge technology Global presence and high reputationEnd-to-end (E2E) services capabilities Market Trends:Abundance of capacityDeclining prices INTERNET EVERYWHERE, ANYT

Mobility: In-Flight Connectivity (IFC) Modem-Highest performance 400Mbps SkyEdge II-c Taurus Antenna – Breakthrough dual-band (KUKA)ER 6000-A KUKAAwarded contract with major satellite BB provider Transceiver –De facto industry standard for IFCWavestream AeroStream ESA/PAA – Electronically-Steered Array / Phased-Array Antenna -Development project for System integrator In-flight Leading edge IFC solution components *

China Potential is huge:Trains (CRRC)IFCRuralOther Recent wins: *

Gilat provides end-to-end services via our NOC including: Visibility to entire VSAT network; Fault management; Hub satellite BW capacity monitoring; Network resource availability monitoring for network operators and technical support engineers, installation around Australia under severe health & safety regulations. Gilat to provide high quality broadband Internet to consumers, SMEs and businesses throughout Australia. Service included roll out and monitoring of the network as well as bandwidth management. Gilat awarded approximately US$400 Million for broadband connectivity in Peru.Project scope: 6,600 km of fiber optic, 1534 towers, 1,912 nodes, 2805 government institutions connected.Includes network design, implementation and operations and service continuity. Services - End-to-End Managed Services *

Broadband Internet in Rural Areas * Proven solutions for bridging the digital divide, delivered via terrestrial and satellite networksCooperation with governments, ISPs, and NGOs On-time delivery, within budget and fulfilling the project scopeExperience deploying and operating networks in any terrain

Financial Indicators *

Annual Revenues EBITDA * Revenues: $290M - $310MEBITDA: $18M - $24M 2016 Management Objectives (US$ millions)

* 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. 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* Non GAAP* Non GAAP* Non GAAP* 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 * Quarterly Profit and Loss Highlights (US$ millions, except per share data)

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 * Balance Sheet Highlights (US$ millions, except per share data)

Questions & Answers *

Thank You Gilat Satellite Networks | info@gilat.com | www.gilat.com *