matthew o’connell, ceo may 28th, 2009 matthew o’connell, ceo may 28th, 2009
TRANSCRIPT
Matthew O’Connell, CEOMay 28th, 2009
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Key Enablers for SuccessfulPublic-Private Partnership
• Favorable Regulatory Framework• Committed, long-term, “Anchor
Tenant” – To help attract outside investors
• Viable channels for commercialization of excess capacity
• Commitment to High Service Levels• Good availability of skilled and well
educated people• Mutual trust and long term outlook
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Key U.S. Satellite Laws and Policies
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Advantages of Commercial Satellite Imagery to Government Programs
• Provides more “eyes in the sky” – originally, defense/intelligence• Reduces taxpayer burden - commercializes excess capacity and
provides cost-effective Remote Sensing. • Quickly provides capabilities that typically take longer for
Government programs to supply.• Promotes healthy competition that aides innovation and
accelerates the introduction of new services.– Disaster relief; Environmental and agricultural monitoring; etc.
• Broadens the knowledge and user base beyond Government defined needs.– More exposure to diverse user solutions and needs.
U.S. Government Investment in Industry
Initial NGA Investment
Incremental NGA Investment
2004 - 2009
$435$500$350
$150
$500
April 2003: The President signed the "U.S.
Commercial Remote Sensing Policy", which says
that all Federal agencies should use commercial
imagery to the maximum extent practical.
ClearView Program(2003-2007)
ClearView Program(2003-2007)
NextView -1 Vendor(2003 Award)
NextView -1 Vendor(2003 Award)
NextView-2 Vendor(2004 Award)
NextView-2 Vendor(2004 Award)
2003
• The US Government has invested over $2.0 billion in the commercial imaging satellite industry post 9-11
• IKONOS satellite was a substantial provider under ClearView contract• Under the NextView contract, NGA funded half of the development of two next-
generation, high-resolution imaging satellites, including our GeoEye-1
• The US Government has invested over $2.0 billion in the commercial imaging satellite industry post 9-11
• IKONOS satellite was a substantial provider under ClearView contract• Under the NextView contract, NGA funded half of the development of two next-
generation, high-resolution imaging satellites, including our GeoEye-1
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NextView program
• US Government funded half the cost of two next generation satellites – response to 9/11 and desire to establish robust imagery industry for other purposes
• In return, US Government got source of imagery that supplements US Government systems at a very reasonable price.
• Funding for GeoEye - 1– Half the cost of the satellite: $217 MM – paid over 4 year construction
period according to milestones– Committed to minimum imagery purchase – $197 MM over 18 months;
since revised to flat $12.5 MM per month– GeoEye raised $250 MM debt (Credit Suisse and Deutsche Bank) and $107
MM equity – Element in award decision: Viable Commercial Model
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GeoEye Today• Locations
– Headquarters: Dulles, Virginia– Operation Facilities
• Thornton, Colorado• St. Louis, Missouri• Mission, KS
– 4 Secure Facilities• Employees: 500+
– High percentage with advanced degrees• Imagery from diverse platforms
– GeoEye-1– IKONOS– Aerial– OrbView-2
• Value-added production services• NASDAQ: GEOY
– Profitable, growing, well capitalized– Revenue: 1st quarter 2009 up 26% over 2008; 2008
full year $149MM
A leading global provider of location-
based intelligence services.
To enable timely, accurate and accessible
location intelligence.
Who we areWho we are
Our MissionOur Mission
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Aerial SensorsAerial SensorsAerial SensorsAerial Sensors
GeoEye ConstellationGeoEye Constellation
Satellite SensorsSatellite SensorsSatellite SensorsSatellite Sensors
-2
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Revenue Mix
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Production/Processing Expansion• St. Louis – “source
agnostic” – increasingly important as more satellites are launched– Expanded facility by 50%
• Thornton– Tripling size available for
classified production• Expanding web-based
delivery of products and services
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2004 2005 2006 2007 2008
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GeoEye’s Milestones
• GeoEye acquires aerial company and invests in China
• GeoEye acquires Space Imaging• GeoEye begins trading on NASDAQ
• Predecessor company founded
• Launch of OrbView-2 satellite
• Launch of IKONOS satellite
• GeoEye Wins $500M DoD NextView contract
• Launch of GeoEye-1 satellite
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2003
2007
2004
2005
2008
2006
2009• NGA signs Service Level Agreement with GeoEye ($12.5M per mo)
• IKONOS Servicing ClearView Contract2002
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Increase in Financial Value
$0 MM
$423 MM
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2003 2009
Year
Equity Value
$0 MM
$423 MM
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2003 2009
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Equity Value
$32 MM
$673 MM
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2003 2009
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Enterprise Value
$32 MM
$673 MM
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2003 2009
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Enterprise Value
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Headcount Growth
“Only by attracting the best people will you accomplish great deeds”
“In a brain based economy, your best assets are your people”
Gen. Colin Powell, “Advice on Leadership”
2004
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2009500+
20052006
20072008
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GeoEye-1 Half-Meter Imagery - Jan. 30, 2009 - Eiffel Tower, France