MDA Space (MDA) CIBC Technology & Innovation Conference 13.0 summary

Business overview and growth trajectory

• Over 55 years in the space sector, with 3,400 employees and major facilities across Canada.

• Revenue has doubled every two years, reaching CAD 1.1 billion in 2024 and guidance of CAD 1.6 billion for 2025.

• Focused on three business areas: Earth and space observation, robotics and space operations, and satellite systems.

• Backlog stands at CAD 4.8-5 billion, with a CAD 20 billion pipeline over the next five years.

• EBITDA margins have consistently exceeded 20%, with guidance of 19%-20% going forward.

Market trends and industry drivers

• The global space economy is projected to grow from $500-600 billion today to $1.8-2 trillion by 2035.

• Lower launch costs and increased demand for global connectivity are accelerating market growth.

• National security and defense needs are driving demand for space-based surveillance and communications.

• Space is becoming a contested and strategic domain, increasing military activity in orbit.

• Growing interest in commercial space stations, lunar missions, and space infrastructure.

Business segments and product innovation

• Satellite systems is the fastest-growing segment, driven by demand for communication constellations.

• MDA AURORA, a digital, software-defined satellite, leads the market by about two years.

• Acquisition of SatixFy secures advanced chip technology for future satellite generations.

• Robotics and space operations focus on Canadarm3 for the Gateway station and commercial SKYMAKER robotics.

• Geointelligence segment operates RADARSAT-2 and is developing MDA CHORUS, a next-gen radar satellite launching in 2026.