Core Points - Telesat Corporation held its annual general meeting of shareholders on June 17, 2025, where all items of business were approved, including the appointment of Deloitte LLP as auditors and the election of director nominees [1][2] Group 1: Shareholder Voting Results - All director nominees were elected with significant support, with Michael B. Targoff receiving the highest votes for at 47,938,568 and Jane Craighead receiving the lowest at 46,146,974 [2] - The votes withheld for each nominee varied, with the highest being Jane Craighead at 2,775,795 and the lowest being Michael B. Targoff at 984,205 [2] Group 2: Company Overview - Telesat is recognized as one of the largest and most innovative satellite operators globally, known for its engineering excellence and customer service [3] - The company focuses on delivering critical connectivity solutions to address complex communication challenges, enhancing operations and driving growth for its customers [3] Group 3: Future Innovations - Telesat Lightspeed, the company's Low Earth Orbit satellite network, aims to meet future connectivity demands with high-capacity, secure, and resilient links that offer fibre-like speeds [4] - The network is designed to serve various sectors, including telecom, government, maritime, and aeronautical customers, redefining global satellite connectivity [4]

Core Viewpoint - Vocus and Telesat are collaborating to establish Australia's first Telesat Lightspeed Low Earth Orbit (LEO) Landing Station, enhancing digital infrastructure and satellite connectivity in the region [1][2]. Company Overview - Vocus is a specialist digital infrastructure provider in Australia, operating a 27,000-km fibre network that connects all Australian mainland capitals with New Zealand, Asia, and the USA [7]. - Telesat is recognized as one of the largest and most innovative global satellite operators, focusing on delivering critical connectivity solutions [8]. Project Details - The new Landing Station will be constructed in New South Wales, Australia, and will provide fibre connectivity to Telesat's point of presence, linking Telesat's LEO satellite constellation to terrestrial networks [2][3]. - Telesat plans to launch its LEO satellites starting in late 2026, with the Landing Station playing a crucial role in satellite testing and customer field trials prior to global service delivery [3]. Service Commitment - A long-term agreement has been established for Telesat Lightspeed services, ensuring resilient, low-latency connectivity for Vocus' enterprise and government customers [4]. - The services will be supported by committed information rates (CIR) and comprehensive service level agreements, enhancing Vocus' existing LEO satellite services customer base [4]. Unique Features - Telesat Lightspeed will offer Terminal-to-Terminal direct connectivity, allowing customers to transmit sensitive information without relying on terrestrial links [5]. - This capability is particularly beneficial for mission-critical communications, enabling direct communication between naval vessels and ground forces, bypassing land-based infrastructure [6].

Core Insights - Telesat and Arabsat have signed a Term Sheet for a multi-Gbps capacity pool of Telesat Lightspeed connectivity services, marking a significant partnership in satellite communications [1][2][3] - The agreement builds on a previous Memorandum of Understanding (MoU) and aims to integrate Telesat Lightspeed LEO services into Arabsat's multi-orbit satellite ecosystem, enhancing broadband connectivity for various sectors [2][3] Company Overview - Telesat is recognized as one of the largest and most innovative satellite operators globally, focusing on delivering critical connectivity solutions [4] - Arabsat, established in 1976, is the first satellite service provider in the Arab world and is wholly owned by the Arab League, holding a prominent position among global satellite operators [6][9] Strategic Developments - The partnership is expected to enhance Arabsat's multi-orbit strategy, providing innovative capabilities and tailored connectivity solutions for enterprise, telecom, government, and mobility sectors [2][3] - The companies anticipate finalizing definitive agreements by December 2025, which will further solidify their collaboration [2] Technological Advancements - Telesat Lightspeed is a state-of-the-art Low Earth Orbit (LEO) satellite network designed to meet the rigorous connectivity demands of various industries, offering high-capacity, secure, and resilient links [5] - The integration of LEO and GEO services will enable Arabsat to deliver faster and more reliable connectivity, positioning it at the forefront of digital transformation [3] Market Reach - Arabsat provides services to over 260 encrypted television networks and HD channels, reaching tens of millions of households across more than 100 countries [8] - The partnership with Telesat is expected to enhance service offerings across the Middle East, Africa, Europe, and Central Asia [3]

Core Insights - Telesat reported a consolidated revenue of $117 million for Q1 2025, a decrease of 23% compared to Q1 2024, primarily due to lower renewal rates and reduced services for certain customers [2][4][19] - The company generated a 74% Adjusted EBITDA margin in its GEO segment, with a substantial contractual backlog of $1.0 billion [2][4][29] - Telesat's LEO backlog reached nearly $1.1 billion, with expectations that it will exceed the GEO segment backlog by year-end 2025 [2][8][29] Financial Performance - Operating expenses for Q1 2025 were $53 million, an increase of 13% from the previous year, driven by headcount growth and higher legal fees [3][19] - Adjusted EBITDA for the quarter was $67 million, a decrease of 39% from Q1 2024, resulting in an Adjusted EBITDA margin of 57.7% [4][24] - The net loss for the quarter was $51 million, slightly improved from a net loss of $52 million in the same period last year [5][19] Business Highlights - Telesat signed a multi-year agreement with Viasat for Telesat Lightspeed services, indicating strong market interest [8] - As of March 31, 2025, Telesat's fleet utilization was 66.5% [8] - The company expects full-year revenues for 2025 to be between $405 million and $425 million, with Adjusted EBITDA projected between $170 million and $190 million [7][16] Balance Sheet and Cash Flow - As of March 31, 2025, Telesat's total assets were approximately $7.13 billion, with cash and cash equivalents of $797 million [21][22] - The company reported net cash from operating activities of $138.9 million for the quarter, a significant increase from $76.7 million in Q1 2024 [23]

Core Viewpoint - Telesat, a leading satellite operator, is set to discuss its financial results for Q1 2025 in a conference call scheduled for May 6, 2025, at 10:30 a.m. EDT [1] Group 1: Financial Results Announcement - Telesat will release its financial results prior to the conference call on its website under the "Investors" section [2] - The conference call will be hosted by Telesat's President and CEO, Daniel S. Goldberg, and CFO, Andrew Browne [1] Group 2: Access Information - The teleconference can be accessed via a toll-free number for North America and a separate number for international callers, with an access code provided [2] - A webcast of the conference call will be available for listening, and a replay will be archived on Telesat's website [3] Group 3: Company Overview - Telesat is recognized for its engineering excellence and customer service, positioning itself as a major global satellite operator [5] - The company is focused on delivering connectivity solutions that address complex communication challenges, enhancing operational efficiency and profitability for its customers [5] Group 4: Innovation and Future Plans - Telesat Lightspeed, the company's advanced Low Earth Orbit satellite network, aims to provide high-capacity, secure, and resilient connectivity with speeds comparable to fiber [6] - The network is designed to meet the needs of various sectors, including telecom, government, maritime, and aeronautical customers [6]