Growing ambitions

Our Equity Story

Enabling global connectivity through combined and differentiated mobile and fixed satellite services, focused on network services

  • With a network spanning Europe, Middle East, Africa, Australasia and Brazil, Yahsat covers over 150 countries and has the potential to reach over two thirds of the world’s population.
  • Yahsat’s global coverage cements its standing as the preferred satellite partner of the UAE government for secure, mission-critical communication services.
  • Well-positioned to capitalize on growing demand for both Mobile Satellite Services (MSS) and Fixed Satellite Service (FSS), in high-growth markets

High quality, well-invested infrastructure assets incorporating a wide range of technologies including valuable Ka and L-bands

  • A high-quality fleet of five satellites in orbit and a sixth expected to begin operations in H2 2024, with two more currently in the planning stages to bring even more next-generation capabilities for our customers. Unique spectrum rights established in Ka-band underpin the continuity and growth of the fleet as well as in L-band, offering reliable and unparalleled frequencies for direct connectivity for devices from space, increasingly seen as an enabler  of the 5G ecosystem. 

The UAE Government’s preferred partner for essential satellite solutions with a relationship underpinned by a large and long-term contracted backlog

  • The UAE Government and its related entities generated ~70% of Yahsat’s revenues in 2021, with long-term contracts that provide cash flow stability and visibility.
  • Contracted future revenues ~USD 2.2 billion at the end of 1Q 2022, roughly 5.4x Yahsat’s consolidated 2021 revenues.
  • Uniquely positioned to capitalize on upcoming growth opportunities and to further deepen the relationship with the UAE Government as well as international government customers.
  • Increasingly regarded as the centre of excellence for all satellite solutions, offering multiple opportunities for expansion into adjacent areas of scope.  

Pursuing sizeable and well-identified areas of growth

  • Significant growth opportunities across our Government and Commercial businesses. 
  • Potential to deepen relationships and service offering to the UAE Government and Government Related Entities.
  • Opportunities to diversify customer base and pursue a multi-segment strategy across consumer and enterprise customers, in high-growth markets in which Yahsat has a strong presence or partnerships.

 

Industry pioneer in fast-growing emerging markets benefiting from first-mover advantage and well-established distribution networks

  • Differentiated offering in high-growth, underpenetrated emerging markets, underpinned by pioneering technology.
  • Hybrid go-to-market model in the Middle East, Africa, Asia and Australasia, leveraging partnerships and direct-to-market channels.
  • Flexible and scalable capacity model with opportunity to leverage in-market differentiation for new technologies. 

Highly attractive financial profile with ~70% of turnover driven by highly-rated, long-term UAE Government contracts, offering robust and growing dividend capacity

  • Robust growth profile and financial track record, underpinned by long-term contracted revenues from the UAE Government.
  • High margin business achieving an adjusted EBITDA margin of 59% in 2021, driving strong free cash flow generation and enabling an attractive annual dividend.
  • Progressive dividend policy with a commitment to dividend growth of at least 2% per year. 

Highly experienced management team with proven track record, benefitting from the continued backing of the UAE Government and majority shareholder Mubadala

  • Highly experienced management team with deep industry expertise and a strong track record of delivering results.
  • Strong backing from our majority shareholder Mubadala, a leading Abu Dhabi Sovereign Wealth Fund with over USD 284 billion in assets under management.