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This presentation contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regardingprojected financial results, the anticipated benefits of our restructuring and other initiatives, anticipated cost savings, our investment plans, our development goals, andthe potential impact of our future initiatives on revenue, competitive positioning, profitability, and orders. Actual results could differ materially from the results projected inor implied by the forward-looking statements made in this presentation. Factors that might cause these differences include, but are not limited to: continued increasingcompetition, particularly from lower-cost providers, low earth orbit satellite systems and other telecommunications systems, especially in the global leisure market, whichis reducing demand for geosynchronous satellite services, including ours; the impact of lower revenue from the U.S. Coast Guard; potentially lower product and servicemargins from reseller arrangements; the risk that sales of Starlink terminals will slow down or decrease; potential hardware and software competition for our newCommBox product offerings; unanticipated obstacles to implementation of our manufacturing wind-down; unanticipated costs and expenses arising from the wind-down;unanticipated effects of the wind-down on our ongoing business; the risks associated with increased customer reliance on third-party hardware; the lack of futureproduct differentiation; new service offerings from hardware providers; potential customer delays in selecting our services; the uncertain impact of continuing industryconsolidation; the risk that our OpenNet program will lead to further reductions in sales of our satellite products; the risk that our current and future non-exclusivearrangements with Starlink and OneWeb will not provide material benefits; contingencies and termination rights applicable to pending and future property and assetsales; uncertainty regarding customer responses to new product and service introductions; challenges and potential additional expenses in retaining our employees,particularly in the current competitive labor market characterized by rising wages; the challenges of meeting customer expectations with a smaller employee base;uncertainties created by our new business strategy, which may impact customer recruitment and retention; the uncertain impact of ongoing disruptions in our supplychain and associated increases in our costs; the uncertain impact of inflation, particularly with respect to fuel costs, and fears of recession; the uncertain impact of thewars in Ukraine and the Middle East and international tensions in Asia, including the impact of dramatic shifts in U.S. geopolitical priorities; unanticipated changes ordisruptions in our markets; technological breakthroughs by competitors; changes in customer priorities or preferences; increasing customer terminations; unanticipatedliabilities, charges and write-offs; the potential that competitors will design around or invalidate our intellectual property rights; a history of losses; continued fluctuationsin quarterly results; the uncertain impact of recent dramatic changes in both U.S. and foreign trade policy, including actual and potential new or higher tariffs and tradebarriers, as well as trade wars with other countries; potentially inflationary impacts of tariffs and budget deficits; unanticipated obstacles in our product and servicedevelopment, cost engineering and manufacturing efforts; adverse impacts of currency fluctuations; our ability to successfully commercialize our new initiatives withoutunanticipated additional expenses or delays; reduced sales to companies in or dependent upon the turbulent oil and gas industry; the impact of extended economicweakness on the sale and use of marine vessels and recreational vehicles; continued challenges of maintaining our market share in airtime services; the risk thatdeclining sales of the TracNet H-series and TracPhone V-HTS series products and related services will continue to reduce airtime gross margins; the risk that reducedproduct sales will continue to erode product gross margins and lead to increased losses; potential continuing declines or changes in customer demand, due toeconomic, weather-related, seasonal, and other factors, particularly with respect to the TracNet H-series and TracPhone V-HTS series; exposure for potential intellectualproperty infringement; changes in tax and accounting requirements or assessments; and export restrictions, delays in procuring export licenses, and other internationalrisks. These and other factors are discussed in more detail in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2026,as they may be updated by subsequently filed Quarterly Reports on Form 10-Q. Copies are available through our Investor Relations department and website,investors.kvh.com. We do not assume any obligation to update our forward-looking statements to reflect new information and developments. Forward-looking Statements
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KVH: 40+Years of Maritime Leadership
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The KVH Advantage is the Power of One®One expert source combining hardware, software, and services into seamless solutionsGlobal Service& SupportNetwork & Bandwidth ManagementIntelligent Hybrid NetworkContent for Crew MoraleMulti-levelCybersecurityGEO, LEO, and Cellular Hardware
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Evolving from Hardware to Integrated Services
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•Tier 1 Starlink reseller and integrator•OneWeb reseller and integrator•Delivering LEO hardware and airtime globally •Online, self-service activation via secure MyKVH and KVH Manager•Live airtime and technical support•Extensive suite of LEO tools, reporting, and value-added servicesEnhancing LEO Service & Experience for Users
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DeliveringMaritime Services Worldwide Represents KVH Connected Ship via KVH ONE networks
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Chosen by Commercial Maritime Leaders
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And Premier Yacht Builders
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Solid Financial Foundation with LEO-driven Growth
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•Built on positive momentum reported in the first quarter due to strategic focus on LEO airtime revenue and subscriber growth•Expanded connectivity portfolio while divesting non-core, non-connectivity businesses•Maintaining a debt-free balance sheet•Automation and resources in place to increase LEO business with minimal new OPEX investmentStrong Financial Foundation
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•Solid balance sheet with $57.7M in cash and zero debt•33% growth in subscribing vessels in YoY (EOP 2Q26 vs 2Q25)•Q1 2026 was ninth consecutive quarter of growth•Continued strength in connectivity shipments: 2Q26 shipped >2,500•2025 was a record year shipping 6,000•Subscriber base shift: LEO subscribers continue to exceed GEO subscribers for the second quarter Strong Balance Sheet and Leading Indicators
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•Revenue•Year over Year: 2Q 2025 to 2Q 2026•Total revenues up 27% ($33.7 million from $26.6 million)•Service revenue up 29% ($29.7 million from $23.0 million)•Sequential: 1Q 2026 to 2Q 2026•Total revenues up 4% ($33.7 million from $32.3 million)•Service revenue up 5% ($29.7 million from $28.2 million)•Service gross margin was 36%, relatively flat, up 1% compared to the prior quarter•EBITDA•Non-GAAP adjusted EBITDA was $3.0 million in 2Q 2026, compared to $2.7 million in 2Q 2025•GAAP-to-Non-GAAP reconciliation available in the appendix Financial Highlights: 2Q 2026
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Established Maritime Footprint and Customer Expertise
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•40+years of maritime technology and connectivity experience•Worldwide sales and service partner channel (70+service providers, 600+dealers/distributors)•Portfolio, processes, and networks optimized for maritime•GEO, LEO, and 5G networks for global hybrid connectivity•Robust customer service infrastructure•24/7/365 live airtime and technical support•Customer self-activation tool and integrated service management via KVH Manager•Advanced network controls and toolsets•Robust network and bandwidth managed via CommBox Edge Communications Gateway•Award-winning valued-added services, including crew content, and Internet access via captive portalKVH’s Key Selling Propositions
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•Solving commercial maritime challenges•Multi-WAN configurations for operations, redundancy, and compliance•Flexible sales, lease, and rental options•Supporting installation requirements for safety, network integration, LAN management, and in-port vessel access•Enabling compliance for expanding managed IT and cybersecurity regulatory requirements•24/7 live support for global operations•Offering flexibility based on leisure yacht size•Our sales and technical dealers support direct sales and installation for leisure vessels 10 m (30+ft) and larger as well as yachts and commercial vessels 30+m (100+ft) Fully Embedded in Maritime Communications
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Serving as a Tier 1 Starlink reseller strengthens our position as a multi-orbit, multi-network integrated solution provider•Offering custom airtime plans to supplement Starlink Mobile Priority plans•Providing a comprehensive hybrid solution with LEO, GEO, 5G, and Wi-Fi•Activated roughly 9,200 Starlink terminals by the end of Q2 2026Starlink from KVH: Integrating LEO Services
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•Rapidly expanding regional coverage•Custom plans with fast data speeds•Data speeds as fast as 100 Mbps/20 Mbps•Latency less than 100 ms•Choice of compact flat-panel antennas•Compatible with industry-standard cables and connectors•Compatible with CommBox Edge Connectivity GatewayOneWeb from KVH: An End-to-End LEO Solution
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•First maritime connectivity systems to integrate VSAT, cellular, and Wi-Fi in a single terminal•Intelligent channel switching•Integrated 5G for speeds 300+Mbps•VSAT as fast as 20/3 Mbps (down/up)•Lightweight, single-cable, multi-channel integrated design•Reduces purchase and installation costs, and service requirements•Single cable for easy conversions•Improved field serviceability•Legacy geosynchronous orbit service and terminal•Winding down manufacture as part of GEO-to-LEO evolution TracNet: Global Hybrid Connectivity Solutions
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Expanding Connectivity Capabilities via Cloud and Local Value-added Services
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Offering an Integrated Portfolio
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•Single pane of glass for terminal visibility and management •Multi-tenant, white label-able•Fleet/Group management•Self-activation for select services•Expanded LEO reporting and controls•Real-time data use reports and billing statements•Application category controls•Geo-tracking•Case creation and management•Simplifies case management per platform, terminal or location•Partner API•Allows partners to integrate KVH data and tools within their portals KVH Manager Customer Portal
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•An all-in-one management toolbox for maritime IT professionals•Belowdeck appliance and virtual machine options•Intuitive network and bandwidth management•Cloud-managed Software-defined Wide Area Network (SD-WAN)•Network optimization and faster speeds thanks to unlimited Performance-enhancing Proxy (PEP)•Dynamic network, data, and policy management•User controls and captive portal for crew data management•Cybersecurity and Intrusion Prevention System (IPS) option built on Cisco Talos and Snort•Scheduled remote access for shore-based support•Real-time usage reporting•Additional features added regularly CommBox Edge: Advanced, Scalable Network Management for Vessels
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•Award-winning entertainment and crew wellbeing content•Licensed movies, TV, music, daily print and TV news, wellness content (meditation, etc.)•Updated daily via any WAN connection, stored locally•Email services•Accounts follow crew from vessel to vessel•User access over any available data connection•Available for intraship communications•Crew Internet and captive portal•Users receive Login and Password to connect•Data allocation per day, week or month•Voucher options for crew and guest top-ups Enhancing LEO & GEO via Value-added ServicesKVH Link, MAILlink, Crew Email, Crew Internet, and Captive Portal
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Sales, Service, and Support Capabilities
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Global Network of Technical Service Partners
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•Staffed airtime services team always available•Follow-the-sun network, network operations, technical support and airtime service groups•Voice, email, portal and WhatsApp for real-time support for activations, airtime plan changes, and billing issues•Online activation•Accessible via the secure KVH Manager portal and app•Instant-on activation•Supporting individual new terminals plus additional terminals for existing accounts and fleets•Enabling rapid scaling of new service activations24/7 Airtime Service and Support
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•KVH service revenue growth tied to rapid growth of Starlink and other LEO services•Drive revenue growth through increased subscriber base, increased ARPUs and integration of Starlink and OneWeb within our product portfolio•Maintain cost-effective network capacity on multiple constellations•Strategic steps to achieve these goals include:•Pursue airtime subscriber growth through support of non-KVH antennas as well as the addition of airtime options via future KVH products•Expand our suite of value-added and managed services•Increase value-added services and network/bandwidth management subscribers among non-KVH communications platforms•Gain scale through organic growthPath for Continued Success in 2026
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AppendixNon-GAAP Reconciliation
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KVH INDUSTRIES, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAPEBITDA AND NON-GAAP ADJUSTED EBITDA(in thousands, unaudited) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Net income (loss) - GAAP $ 163 $ 930 $ 751 $ (780)Income tax expense 203 105 328 130 Interest income, net (546) (579) (1,147) (1,146)Depreciation and amortization 2,316 2,606 4,761 5,494 Non-GAAP EBITDA 2,136 3,062 4,693 3,698 Stock-based compensation expense 411 434 717 771 Disposal of a discontinued project — 287 — 287 Loss on an unfavorable future contract — 12 — 12 Employee termination and other variable costs 245 26 248 29 Transaction-related and other variable legal and advisory fees 76 66 76 66 Loss (gain) on sale of fixed assets, including real estate 144 (1,330) 128 (1,330)Foreign exchange transaction (gain) loss 14 101 (62) 132 Non-GAAP adjusted EBITDA $ 3,026 $ 2,658 $ 5,800 $ 3,665