Yahsat Reports Strong FY2021 Results Supported by Exceptional 4Q21 Performance

  • FY2021 revenue of AED 1.49 billion [USD 407.6 million], increased year-on-year driven by exceptional 4Q21 performance in which revenues grew 7.9% vs. prior year
  • Adjusted EBITDA1 of AED 883.2 million [USD 240.5 million] generating a healthy EBITDA margin of 59.0%; Normalised Adjusted EBITDA of AED 898.5 million [USD 244.6 million], up 5.0% vs. prior year, delivering a margin of 60%
  • Highest ever reported Net Income (profit attributable to the shareholders) of AED 256.2 million [USD 69.8 million]; Normalised Net Income of AED 297.3 million [USD 80.9 million], grew 47.4% vs. prior year, delivering a margin of 19.9% versus 13.5% in prior year
  • Contracted revenues of over AED 7.3 billion [over USD 2 billion], up more than 35% year-on year
  • Cash conversion of 97%1 and strong Discretionary Free Cash Flow1 of AED 659.2 million (USD 179.5 million), covering FY 2021 dividend by more than 1.7x
  • Proposal to distribute a final dividend for the second half of 2021 of AED 192.8 million, bringing total dividend for FY2021 to AED 385.6 million
  • Initiating 2022 revenue guidance range of AED 1.52 billion to AED 1.62 billion [USD 415 million to USD 440 million], with approximately 70% of 2022 projected revenues contracted and implying revenue growth of up to 8% in 2022
  • Contracted revenues further boosted since year-end by a 5-year AED 909.5 million [USD 247.5 million] managed services mandate awarded to Yahsat by the UAE Government in February 2022
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G42 and ICEYE Sign MOU to Collaborate and Develop Advanced SAR Products

The partnership builds on a recent agreement between G42 and Yahsat to develop geospatial analytics-as-a-service and data fusion of different sensor modalities.

Dubai, UAE, November 17, 2021 (ICEYE PR) – G42, the leading Abu Dhabi-based artificial intelligence and cloud computing company and ICEYE, a Finnish Synthetic-Aperture Radar (SAR) satellite and analytics provider, have signed a Memorandum of Understanding (MoU) to collaborate on developing advanced SAR products.

The collaboration was formalized at a signing ceremony by Talal Al Kaissi, VP of the G42 Space Program and Jamil Kawar, Director of Global Sales at ICEYE, on the sidelines of the Dubai Airshow.

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Yahsat Partners with Cobham SATCOM to Deliver Industry-Leading Capabilities for its Mobile Satellite Systems

  • The partnership with Cobham SATCOM will enable Yahsat to enhance data services for its next-generation satellite, Thuraya 4-NGS
  • The partnership enables Thuraya 4-NGS’ advanced 4G and 5G capabilities
  • The value of the global satellite data services market currently exceeds US$5 billion, and is projected to reach more than $19 billion by 2027
  • The agreement will strengthen Thuraya satellites’ competitiveness in the global market, driven by Cobham SATCOM’s wide distribution network

ABU DHABI, UAE, 9 September 2021 (Yahsat PR) – Al Yah Satellite Communications Company PJSC (“Yahsat” or, together with its subsidiaries, “the Group”) listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE’s flagship satellite solutions provider, today announced that it has selected Cobham SATCOM, the world’s leading provider of satellite communications solutions to the land, aeronautical and maritime industries, to deliver a comprehensive mobile broadband system, including ground infrastructure and products, to operate as part of its next-generation Thuraya 4-NGS system.

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Yahsat Selects GMV to Provide Spacecraft Control Systems for Upcoming Thuraya 4-NGS Satellite

  • New Spacecraft Control System to provide highly secure and reliable monitoring and commanding capability for Thuraya 4-NGS
  • Expansion of existing Flight Dynamics System to optimize satellite control and lifetime
  • Another key element in the Group’s commitment to driving new technologies to meet growing demand for universal connectivity

ABU DHABI, UAE, September 2, 2021 (Yahsat PR) – Al Yah Satellite Communications Company PJSC (“Yahsat” and, together with its subsidiaries, “the Group”), listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE’s flagship satellite solutions provider, has selected the Spanish group, GMV, to supply the Spacecraft Control & Flight Dynamics Systems for Thuraya 4-NGS, a next-generation L-band mobile communications satellite system scheduled to begin operations in 2024.

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Yahsat Selects SpaceX to Launch its Next-generation Thuraya 4-NGS Satellite

A SpaceX Falcon 9 rocket launches 52 Starlink satellites on May 15, 2021. (Credit: SpaceX)
  • Yahsat selects Falcon 9 to launch its Thuraya 4-NGS satellite
  • SpaceX designs, manufactures and launches the world’s most advanced rockets and spacecraft
  • Thuraya 4-NGS system will enable Yahsat to capitalise on future growth opportunities with advanced satellite communications that employ latest technologies

AL FALAH CITY, Abu Dhabi (Yahsat PR) — Al Yah Satellite Communications Company PJSC (“Yahsat” or “the Group”) listed on the Abu Dhabi Securities Exchange (“ADX”) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE’s flagship satellite solutions provider, today announced that it has selected SpaceX’s Falcon 9 to launch Thuraya 4-NGS, the Group’s advanced satellite, which employs the latest satellite communications technologies, to expand Thuraya’s coverage across Europe, the Middle East, Central Asia and Africa.

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Yahsat Signs Contract with Airbus to Build Thuraya’s Next Generation System

Thuraya 4-NGS satellite (Credit: Airbus)

ABU DHABI, UAE/TOULOUSE, France, Aug 27, 2020 (Airbus PR) –  Airbus has been selected by Al Yah Satellite Communications Company (Yahsat), the UAE’s leading global satellite operator, to build Thuraya 4-NGS, the next generation mobile telecommunications system that will drive the continued advancement of Thuraya’s L-band business.

Thuraya 4-NGS will deliver higher capabilities and flexibility while increasing capacity and coverage across Europe, Africa, Central Asia and the Middle East, enabling next generation mobility solutions for all customer segments, including defense, government and enterprise.

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Yahsat & Hughes Launch Joint Venture to Deliver Satellite Broadband Connectivity Across Africa, Middle East & Southwest Asia

ABU DHABI, United Arab Emirates, Dec. 16, 2018 (Hughes Network Systems PR) — Al Yah Satellite Communications Company (Yahsat), a leading global satellite operator based in the United Arab Emirates and wholly owned by Mubadala Investment Company (Mubadala), and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (EchoStar) (NASDAQ: SATS), a premier global provider of satellite communication solutions, today announced the commencement of a joint venture to provide commercial satellite services across Africa, the Middle East and southwest Asia.

The agreement to form the joint venture was announced in September 2018, during the World Satellite Business Week Conference held in Paris, and was subject to regulatory and other approvals that have now been obtained. The newly formed company is bringing services to market as “YahClick, powered by Hughes,” and is now operational.

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Ariane 5 Anomaly: Satellites Healthy But Not Where They Should Be

Ariane 5 launches with SES-14 and Al Yah 3 satellites. (Credit: Arianespace)

by Douglas Messier
Managing Editor

An Ariane 5 booster delivered two communications satellites into the wrong orbits on Thursday, but their owners say the spacecraft are healthy and will be able to reach their intended destinations using on-board propulsion.

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Orbital ATK Teams Up With UAE to Offer Master’s Level Space Studies Program

orbital_atk_logoDULLES, Virg., 26 May 2015  (Orbital ATK PR) – Yahsat, the Masdar Institute of Science and Technology and Orbital ATK, signed a memorandum of understanding (MoU) on May 25, 2015 in Abu Dhabi, United Arab Emirates (UAE) to announce the joint creation of the Gulf-region’s first Master’s level advanced studies space program, endorsed by the Massachusetts Institute of Technology (MIT).

The MoU was signed in the presence of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The signing was also attended by key government officials and Chairmen of Yahsat, The UAE Space Agency and Masdar Institute.

The MoU was signed by Dr. Ahmed Belhoul, CEO of Masdar, Masood M. Sharif Mahmood, CEO of Yahsat and Tom Wilson, Vice President of Strategy and Business Development, on behalf of David W. Thompson, President and CEO of Orbital ATK.

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