FORM 6 – K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report on Foreign Issuer

Pursuant to Rule 13a – 16 or 15d – 16
of the Securities Exchange Act of 1934
 
For the Month of March, 2017
 
Gilat Satellite Networks Ltd.
(Translation of Registrant's Name into English)
 
Gilat House, Yegia Kapayim Street
Daniv Park, Kiryat Arye, Petah Tikva, Israel
(Address of Principal Corporate Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F ☒ Form 40-F ☐
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ☐ No ☒
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):   N/A

Attached hereto is Registrant’s corporate presentation as posted on Registrant’s website.
 
Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
Gilat Satellite Networks Ltd.
  
 
(Registrant)
  
     
Dated March 2, 2017
By: /s/ Yael Shofar
  
 
Yael Shofar
  
 
General Counsel

 
Page 2 of 2
 March 2017 NASDAQ, TASE: GILT   Gilat Satellite Networks – Company OverviewA Worldwide Leader in Satellite Networking Technology, Solutions and Services 
 
 Forward Looking Statements Disclaimer  Certain statements made in this presentation that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat's products, inability to obtain financing and/or timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat's products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company's proprietary technology and risks associated with Gilat's international operations and its location in Israel. Gilat undertakes no obligation to update or revise any forward-looking statements for any reason. For additional information regarding these and other risks and uncertainties associated with Gilat's business, reference is made to Gilat's reports filed from time to time with the Securities and Exchange Commission.Unaudited/Non-GAAP Financial MeasuresThis presentation includes financial data that is not audited and financial data that was not prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Non-GAAP financial measures appearing in this presentation consist of GAAP financial measures adjusted to exclude, non cash share-based compensation expenses, impairment of goodwill and long lived assets, amortization of acquired intangible assets, restructuring and other non-recurring expenses and net income or loss from discontinued operations. Gilat believes these non-GAAP financial measures provide consistent and comparable measures to help investors understand Gilat’s current and future operating performance. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with Gilat’s consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.  2 
 
         Gilat – Boundless Communications  3  Mobility  Broadband  Air  Land  Enterprise  Consumer  Cellular Backhaul  Sea  Most Advanced TechnologyTerrestrial-grade User Experience  End-to-End ServiceMost Stringent Service Levels  Global Presence20 Sales Offices, Sales in 90 Countries    Established 1987  NASDAQ / TASE: GILT   ~1,100 employees 
 
 Global Presence with Diverse Customer Base & Partners  4  Satellite Companies   Telcos / MNOsEnterprises  Service Providers & ISPs  System Integrators   Governments 
 
   Satellite Capacity Abundance is the New Reality – GEO + LEO/MEO  Global HTS Bandwidth Supply, Demand and Price per Mbps  5  $/Mbps/Month  Gbps  Source: Euroconsult, NSR, 2016        >10 times today  Abundance of capacity unlocks new markets   
 
   At Work    At Home    Outdoors  Affordable Internet Everywhere is Becoming a “Birth Right”   6    In the Air    At Sea    On Land      Our strategy is to enable ample Broadband, at terrestrial-grade user experience and affordably 
 
 New Markets Open – On the Ground  Satellite delivers quality broadband rapidly and affordably Cities, towns, villages, islands, …4G/LTE for metro and metro edge, as well as rural areas Residential broadband Resilience and public safety    Satellite delivers significant volumes, terrestrial-grade user experience and economies     Jefferies: 860m subscribers “up for grab” from the top 15 emerging markets alone Aug. 2016     Macquarie Research: “This market … require several hundred Tb of additional capacity” Aug. 2016  7  Aug. 2016                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
 *Source: Euroconsult/NSR    New Markets Open – In the Air  Broadband connected aircraft takes offFrom ~5,300 connected commercial aircraft (satellite & ATG) in 2015 to 23,100 in 2025*From ~2,700 satellite connected aircraft (commercial & business) in 2015 to 21,000 in 2025*  8  High-end solutions for best user experienceTrue broadband connectivityStreaming media and VOD at end user deviceContinuous connectivityGlobal coverage    Satellite delivers significant volumes, terrestrial-grade user experience and economies 
 
   *Source: NSR  New In-Service Units 2015-2025  New Markets Open – At Sea  9  NSR: Maritime markets will be amongst the ‘core growth opportunities’ Accelerated market growthPassenger ships – Fastest growing marketMerchant ships – Broadband adoption increasingSmall boats – new market  High-end broadband solutions for passengers and crewBroadband and videoCrew internet and e-learningVessel monitoring and video supervision    Satellite delivers significant volumes, terrestrial-grade user experience and economies 
 
 The Components of Our Strategy for Profitable Growth         TechnologyCutting Edge Innovative Hubs, Modems & Antennas         Improving MarginsWith the Right (Mix of) Customers and Territories        ServicesEnd-to-end Services and Recurring Revenue    WellPositioned! 
 
 11  World’s FastestBroadband ModemforLTE Backhaul    On the Ground 
 
 Metro Area – A Live Example  12    A Solution for Metro, Metro Edge, as well as Rural       
 
 13  Metro Area – A Live Example 
 
 ScorpioReducing barrier to entryVSAT-in-a-boxAll-outdoor, Self install    On the Ground 
 
 15  World’s FastestAero ModemforIn-Flight Connectivity  400Mbps  In the Air 
 
 16  World’s Most AdvancedKuKa AntennaForIn-Flight Connectivity  Highest Bit RatePanel Antenna  In the Air  Major Aerospace Systems Integrator 
 
 Very Low Cost All-in-One Terminalfor Small Boats  17  At Sea  Leveraging Opportunity with 
 
 Improving Margins  Global Presence  Mobility and Cellular Backhaul Offer the Opportunity for Better Margins                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
 
 Zoom In On Peru: FITEL Projects  A $2B+ Program to Build Optical Fiber and Microwave Backbone Networksin 21 regions:8 Regional Projects awarded:4 to Gilat4 to others13 Regional Projects more to be awarded  19      Overall we won 4 regions, ~$400M  ~$230M Construction Revenue  ~$170M Operational Revenue over 10 Years  Upside: Selling Services Over the Network for a Period of 10 Years 
 
 Peru Multi-Year Recurring Revenue Increases with every region  ~13M Satellite Recurring Revenues in Manage ServiceGrowing to >$30M after Construction Phase 
 
 Gilat – Initial Achievements in the Last 12 Months      Cellular Backhaul & Consumer BB  LTE BackhaulMetro, Metro Edge and RuralTerrestrial-grade User Experience       Mobility  Fastest Airborne Modem 400MbpsUnique Airborne AntennaHigh-Speed Trains ConnectivityLeading On-the-Move Antennas      China  Huge Potential - Baseband, Mobility (air, trains), not so much CBHThe De Facto Provider of All New HTS Satellite ConnectivityWorking with CRRC to be Train Line Fit       Rural Broadband  Program to Provide Broadband Connectivity to all Non-Costal Peru 
 
 Financial Indicators and Analysis 
 
 2017 Management Objectives (US$ millions)  Annual Revenues  Adjusted EBITDA    Revenues: $280M - $300MGAAP Operating Profit: $4M - $8MAdjusted EBITDA: $20M - $24M  23  GAAP Operating Profit 
 
 Quarterly Profit and Loss Highlights (US$ millions, except per share data)  24  * Adjustments reflect the effect of non-cash stock based compensation as per ASC 718, amortization of intangible assets related to shares acquisition transactions, impairments, restructuring costs, trade secrets litigation expenses and net income (loss) from discontinued operations.  GAAP  Q4 15  Q1 16  Q2 16  Q3 16  Q4 16  Revenues  67.7  52.7  67.9  78.6  80.3  Gross Profit  10.4  12.4  15.2  23.7  24.2  Gross Margin  15%  24%  22%  30%  30%  R&D net  3.7  5.8  6.2  6.4  6.5  S&M  6.1  5.1  5.9  6.2  6.2  G&A  3.3  4.2  4.3  9.3  4.2  Restructuring & trade secrets litigation expenses  0.6  0.2  1.4  2.0  0.9  Operating income (loss)  (3.4)  (3.0)  (2.5)  (0.2)  6.5  Net income (loss)  (5.2)  (4.0)  (3.7)  (2.2)  4.5  Diluted EPS  (0.12)  (0.09)  (0.07)  (0.04)  0.08  Non-GAAP*            Gross Margin  32%  26%  24%  32%  32%  Operating Income (loss)  9.0  (1.2)  0.5  3.3  9.0  Net income (loss)  7.1  (2.2)  (0.6)  1.4  7.0  Adjusted EBITDA  11.2  0.8  2.4  5.2  10.8 
 
 Yearly Revenue & Gross Margin per Segment   25  Revenues, Gross margin, Non GAAP Gross margin (“NG” when applicable) 
 
 Yearly Revenue by Region  26 
 
 Balance Sheet Highlights (US$ millions, except per share data)  27    December 31,2016  December 31,2015  Cash Balances1  111.6  120.9  Total Assets  383.2  370.8  Total Debt2  21.5  26.0  Shareholders’ equity  209.8  178.1  1) Including cash and cash equivalents, restricted cash and net of short term bank credits.2) Includes long term loans and current maturities of long term loans 
 
 In Summary – Uniquely Positioned for Unlocking Opportunities  Focusing on profitable growth    Building a blue chip customer base    Delivering both technology and solutions    Offering terrestrial-like user experience     Demand for affordable broadband, anywhere anytime, is soaring    28 
 
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