FISCAL 2Q'24 UPDATE September 7, 2023 WOMEN'S WORLD CUP • SYDNEY, AUSTRALIA July 10, 2023 • 50cm SkySat planet. Disclaimers Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the future financial or operating performance of Planet Labs PBC ("Planet," the "Company," "we," " ...

[Part I - Financial Information](index=6&type=section&id=Part%20I.%20-%20Financial%20Information) [Financial Statements (unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) Presents unaudited condensed consolidated financial statements for Planet Labs PBC as of July 31, 2023, covering balance sheets, operations, and cash flows [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $720.4 million by July 31, 2023, primarily due to reduced cash and equivalents Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | July 31, 2023 | January 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $118,808 | $181,892 | | Short-term investments | $248,979 | $226,868 | | Total current assets | $427,861 | $475,655 | | Total assets | $720,417 | $752,723 | | **Liabilities & Stockholders' Equity** | | | | Total current liabilities | $116,259 | $122,257 | | Total liabilities | $180,849 | $176,619 | | Total stockholders' equity | $539,568 | $576,104 | | Total liabilities and stockholders' equity | $720,417 | $752,723 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Revenue grew 11% in Q2 to $53.8 million and 20% in H1 to $106.5 million, with net losses narrowing Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 FY24 (Three Months Ended Jul 31, 2023) | Q2 FY23 (Three Months Ended Jul 31, 2022) | H1 FY24 (Six Months Ended Jul 31, 2023) | H1 FY23 (Six Months Ended Jul 31, 2022) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $53,761 | $48,450 | $106,464 | $88,577 | | Gross Profit | $26,292 | $23,473 | $54,439 | $39,972 | | Loss from Operations | ($43,280) | ($42,640) | ($87,972) | ($90,354) | | Net Loss | ($37,975) | ($39,529) | ($72,419) | ($83,889) | | Net Loss Per Share | ($0.14) | ($0.15) | ($0.26) | ($0.32) | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities improved to $21.0 million in H1, with overall cash decreasing by $63.6 million Cash Flow Summary (in thousands) | Activity | Six Months Ended July 31, 2023 | Six Months Ended July 31, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | ($21,004) | ($28,804) | | Net cash used in investing activities | ($44,302) | ($203,186) | | Net cash provided by financing activities | $1,590 | $4,050 | | Net decrease in cash | ($63,561) | ($229,058) | | Cash at end of period | $124,515 | $267,756 | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed disclosures supporting financial statements, covering accounting policies, balance sheet components, and subsequent events - As of July 31, 2023, the company had remaining performance obligations of **$153.9 million**, with approximately **74%** expected to be recognized as revenue over the next 12 months[45](index=45&type=chunk) - One customer accounted for **23%** of revenue for the three months and **22%** for the six months ended July 31, 2023[40](index=40&type=chunk) - In April 2023, a change in estimated useful lives of satellites resulted in a **$2.1 million** increase in depreciation expense for the quarter[74](index=74&type=chunk) - Subsequent to quarter end, on August 4, 2023, the company acquired Sinergise's business for approximately **$22.4 million** in cash and **6.75 million shares** of Class A common stock[119](index=119&type=chunk)[120](index=120&type=chunk) - On August 1, 2023, the company announced a headcount reduction of approximately **10%** of its workforce, expecting to incur **$7 million to $8 million** in pre-tax charges[122](index=122&type=chunk)[123](index=123&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance for Q2 and H1 FY2024, highlighting revenue growth, operational metrics, and liquidity [Business and Overview](index=28&type=section&id=Business%20and%20Overview) Planet uses its Earth observation satellites to provide daily global imagery and analytics, serving over 900 customers - The company's mission is to **image the entire world's landmass daily** to make global change visible, accessible, and actionable[126](index=126&type=chunk) - Planet operates the **largest Earth observation fleet of satellites** in history, with **over 2,400 images** on average for every point on Earth's landmass[128](index=128&type=chunk)[129](index=129&type=chunk) - As of July 31, 2023, the company served **944 customers**, a **10% year-over-year increase**[131](index=131&type=chunk) [Key Operational and Business Metrics](index=30&type=section&id=Key%20Operational%20and%20Business%20Metrics) Key metrics include a 102% Net Dollar Retention Rate, 944 EoP Customer Count, and increased capital expenditures for satellites Key Metrics Comparison | Metric | As of/For Six Months Ended July 31, 2023 | As of/For Six Months Ended July 31, 2022 | | :--- | :--- | :--- | | Net Dollar Retention Rate | 102% | 125% | | EoP Customer Count | 944 | 855 | | % Recurring ACV | 92% | 93% | - Capital Expenditures as a Percentage of Revenue increased to **22%** for the six months ended July 31, 2023, up from **9%** in the prior-year period, primarily due to increased investment in building high and medium resolution satellites[152](index=152&type=chunk) [Results of Operations](index=35&type=section&id=Results%20of%20Operations) Compares operating results for Q2 and H1 FY2024, showing revenue growth and improved gross profit with reduced operating loss Q2 2024 vs Q2 2023 Results (in thousands) | Line Item | Three Months Ended July 31, 2023 | Three Months Ended July 31, 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $53,761 | $48,450 | 11% | | Gross Profit | $26,292 | $23,473 | 12% | | Loss from Operations | ($43,280) | ($42,640) | 2% | | Net Loss | ($37,975) | ($39,529) | (4)% | H1 2024 vs H1 2023 Results (in thousands) | Line Item | Six Months Ended July 31, 2023 | Six Months Ended July 31, 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $106,464 | $88,577 | 20% | | Gross Profit | $54,439 | $39,972 | 36% | | Loss from Operations | ($87,972) | ($90,354) | (3)% | | Net Loss | ($72,419) | ($83,889) | (14)% | - Q2 revenue growth of **11%** was driven by a **$6.2 million** increase from total customer growth, partially offset by a **$0.9 million** reduction from existing contracts[171](index=171&type=chunk) - H1 revenue growth of **20%** was driven by a **$9.3 million** increase from customer growth and an **$8.6 million** net expansion of existing customer contracts[186](index=186&type=chunk) [Non-GAAP Information](index=38&type=section&id=Non-GAAP%20Information) Non-GAAP Gross Margin was 52% in Q2 and 54% in H1, while Adjusted EBITDA loss widened in both periods Reconciliation of Gross Profit to Non-GAAP Gross Profit (in thousands) | Metric | Q2 2023 | Q2 2022 | H1 2023 | H1 2022 | | :--- | :--- | :--- | :--- | :--- | | Gross Profit (GAAP) | $26,292 | $23,473 | $54,439 | $39,972 | | Non-GAAP Gross Profit | $27,794 | $25,196 | $57,285 | $43,445 | | Non-GAAP Gross Margin | 52% | 52% | 54% | 49% | Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Metric | Q2 2023 | Q2 2022 | H1 2023 | H1 2022 | | :--- | :--- | :--- | :--- | :--- | | Net Loss (GAAP) | ($37,975) | ($39,529) | ($72,419) | ($83,889) | | Adjusted EBITDA | ($14,463) | ($10,471) | ($33,551) | ($26,738) | [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) The company holds $118.8 million in cash and $249.0 million in short-term investments, with improved operating cash flow - The company holds **$118.8 million** in cash and cash equivalents and **$249.0 million** in highly liquid short-term investments as of July 31, 2023[206](index=206&type=chunk) - Net cash used in operating activities for the six months ended July 31, 2023 was **$21.0 million**, compared to **$28.8 million** in the prior year period[211](index=211&type=chunk)[212](index=212&type=chunk) - Principal contractual obligations include leases, satellite launch services, and a minimum purchase commitment for hosting services from Google totaling **$139.1 million** through 2028[89](index=89&type=chunk)[208](index=208&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=42&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risk exposure, including foreign currency and interest rate, has not materially changed since January 31, 2023 - There have been **no material changes** in the company's exposure to market risk since January 31, 2023[220](index=220&type=chunk) [Controls and Procedures](index=42&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of July 31, 2023, with no material changes to internal controls - The principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were **effective** as of July 31, 2023[221](index=221&type=chunk) - **No changes** in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[222](index=222&type=chunk) [Part II - Other Information](index=43&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings - The company is **not currently a party to any material legal proceedings**[225](index=225&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors have occurred since the 2023 Form 10-K - **No material changes** to the risk factors disclosed in the 2023 Form 10-K have occurred[226](index=226&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred, except for shares withheld for employee tax obligations on vested RSUs - **No unregistered sales** of equity securities were made, except for shares withheld for employee tax obligations on vested RSUs[227](index=227&type=chunk) [Other Information](index=43&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the last fiscal quarter - **No director or officer adopted or terminated** a Rule 10b5-1 trading plan during the last fiscal quarter[230](index=230&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with Form 10-Q, including CEO/CFO certifications and Inline XBRL documents - Exhibits filed include **CEO/CFO certifications and XBRL data files**[232](index=232&type=chunk)

Planet Labs PBC (NYSE:PL) Q1 2024 Earnings Call Transcript June 8, 2023 5:00 PM ET Company Participants Chris Genualdi - VP of IR Will Marshall - Co-founder and CEO Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Ryan Koontz - Needham & Company Trevor Walsh - JMP Jason Gursky - Citigroup Mike Latimore - Northland Capital Markets Jeff Van Rhee - Craig-Hallum Edison Yu - Deutsche Bank Greg Mesniaeff - WestPark Josh Sullivan - The Benchmark Company Operator Good aft ...

Financial Performance - Planet achieved strong revenue growth, with a +31% year-over-year increase in Q1'24[13] - The company maintains strong visibility with >90% annual or multi-year contracts[65] - Planet has a strong balance sheet with $376 million in cash, cash equivalents, and short-term investments as of the end of Q1'24[66] - Non-GAAP Gross Margin expanded to 56% in Q1'24[82] Customer Base and Retention - Planet has a growing customer base, with >90% customer retention[14] - The company boasts a high Net Dollar Retention Rate (NDRR), indicating strong customer loyalty and expansion[17] - Planet has 903 Recurring ACV EoP in 1Q'24[101] Business Development and Partnerships - Planet signed a seven-figure, multi-year contract with Bolivia's Institute of National Agrarian Reform (INRA)[5] - The company is partnering with organizations like The Nature Conservancy to map blue carbon[4] - Planet is working towards a more sustainable and equitable world[68] Technological Advancements - Planet is developing its next-generation satellite constellation for high-resolution, rapid revisit information[22] - The company utilizes AI in mapping conflict zones[11] - Planet's satellites offer expansive coverage, greater precision with 30cm resolution, and high daily revisits[36]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number 001-40166 Planet Labs PBC | (Exact name of registrant as specified in its charter ...

Planet Labs PBC (NYSE:PL) Q4 2023 Earnings Conference Call March 29, 2023 5:00 PM ET Company Participants Chris Genualdi - VP of IR Will Marshall - Co-founder and CEO Ashley Fieglein Johnson - Chief Financial and Operating Officer Kevin Weil - President, Product & Business Conference Call Participants Michael Latimore - Northland Capital Markets Ryan Koontz - Needham & Company Jeff Van Rhee - Craig-Hallum Noah Poponak - Goldman Sachs Edison Yu - Deutsche Bank Katherine Knop - B. Riley Financial Operator Goo ...

March 29, 2023 This presentation includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, which is derived from Non-GAAP Gross Profit, and Adjusted EBITDA, which are non-GAAP performance measures that the Company uses to supplement its results presented in accordance with U.S. GAAP. The Company believes these non-GAAP financial measures are useful in evaluating its operating performance, as they are similar to measures reported by the Company's public competitors and are regularly used by analysts, institutio ...

Financial Performance - The company reported net losses of $162.0 million, $137.1 million, and $127.1 million for the fiscal years ended January 31, 2023, 2022, and 2021, respectively, with an accumulated deficit of $939.3 million as of January 31, 2023[109]. - The company has not achieved profitability and may not generate sufficient revenue to sustain growth or achieve profitability in future periods[108]. - The company has experienced net losses and negative cash flows from operations, raising concerns about future capital needs and financing[191]. - The company anticipates that cash and cash equivalents will be sufficient for at least twelve months, but future capital expenditures may differ from expectations[191]. Revenue Generation - The company relies heavily on licensing agreements for revenue, which are typically structured as annual or multi-year contracts, with revenue primarily generated from digital imagery and related data[111]. - A portion of the company's revenue is generated from agreements with the U.S. government, and disruptions in federal government operations could materially affect revenues and earnings[161]. - The company derives revenue primarily from licensing agreements, and failure of customers to pay could adversely affect its financial condition[300]. Operating Expenses and Investments - The company anticipates substantial increases in operating expenses in the foreseeable future, which may hinder its ability to achieve or sustain profitability[109]. - The company is investing significantly in developing its platform, launching additional satellites, and expanding its data analytics capabilities, which may incur substantial costs[109]. Market Competition and Risks - The company faces increasing competition from both commercial entities and governments, which could adversely affect its market share and financial condition[117]. - The company may face challenges in converting interest in its analytics products into sales, as the market for such products continues to evolve[112]. - The company faces risks related to macroeconomic conditions, including potential recessions and fluctuations in exchange rates, which could materially affect financial results[170]. Regulatory and Compliance Issues - The company operates in a highly regulated industry, and compliance with governmental laws and regulations is crucial for its operational success[110]. - The company is subject to numerous federal, state, local, and foreign laws regarding privacy and data protection, which may change and create compliance challenges[147]. - The company must comply with FCC regulations for satellite operations, and failure to renew licenses could adversely impact revenue generation[226]. Cybersecurity and Data Risks - Cybersecurity threats pose significant risks, including potential breaches that could harm the company's reputation and lead to financial liabilities[127]. - The company relies on third-party service providers for data storage and processing, which increases vulnerability to data breaches and security incidents[128]. Satellite Operations and Development - The company has identified risks related to the successful production, launch, and operation of its satellites, which are critical for its business operations[109]. - The company is developing next-generation satellites, including the Pelican and Tanager fleets, but faces uncertainties regarding completion timelines and costs[143]. - The company's ability to grow depends on the successful launch and operation of its satellites, which involves complex and uncertain processes[143]. Customer Concentration and Sales Challenges - One customer accounted for 15% of revenue for the fiscal year ended January 31, 2023, indicating significant customer concentration risk[189]. - The sales cycle for new customers has lengthened since the pandemic began, potentially delaying revenue generation[179]. - Sales to large enterprises and governmental entities involve complex procurement processes and longer sales cycles, which may negatively impact revenue forecasting and operational results[158]. Human Resources and Talent Management - The company faces challenges in attracting and retaining qualified personnel due to competition, particularly in the San Francisco Bay Area[183]. - The company must attract and retain experienced sales personnel to successfully sell its platform to large organizations, facing increased competition and pricing pressure in government contracts[159]. Environmental and Climate Risks - Climate change poses risks to the company's operations, potentially increasing the frequency of catastrophic events that could disrupt business[141]. - The company may incur substantial costs to mitigate climate-related risks, which could adversely affect financial performance[141]. Legal and Governance Issues - The company may be subject to litigation and stockholder activism, which could disrupt operations and affect long-term growth[207]. - The company is required to maintain effective internal controls over financial reporting, and any material weaknesses could lead to misstatements in financial reports[289]. Stock and Investment Considerations - The price of the company's Class A common stock may be volatile due to various factors, including industry changes and operating performance[246]. - The company does not intend to pay cash dividends for the foreseeable future, focusing on business development and expansion[254].

Planet Labs PBC (NYSE:PL) Q3 2023 Earnings Conference Call December 14, 2022 5:00 PM ET Company Participants Chris Genualdi - VP of IR Will Marshall - Co-founder and CEO Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Michael Latimore - Northland Edison Yu - Deutsche Bank Josh Sullivan - The Benchmark Company Jeff Van Rhee - Craig-Hallum Greg Mesniaeff - WestPark Capital Harry Wilmerding - Needham & Company Ken Mestemacher - Edison Investment Research Noah Popona ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number: 001-40166 Planet Labs PBC | (Exact name of registrant as specified in its char ...