Matthew O’Connell, CEOMay 28th, 2009

2

Key Enablers for SuccessfulPublic-Private Partnership

• Favorable Regulatory Framework• Committed, long-term, “Anchor

Tenant” – To help attract outside investors

• Viable channels for commercialization of excess capacity

• Commitment to High Service Levels• Good availability of skilled and well

educated people• Mutual trust and long term outlook

3

Key U.S. Satellite Laws and Policies

4

Advantages of Commercial Satellite Imagery to Government Programs

• Provides more “eyes in the sky” – originally, defense/intelligence• Reduces taxpayer burden - commercializes excess capacity and

provides cost-effective Remote Sensing. • Quickly provides capabilities that typically take longer for

Government programs to supply.• Promotes healthy competition that aides innovation and

accelerates the introduction of new services.– Disaster relief; Environmental and agricultural monitoring; etc.

• Broadens the knowledge and user base beyond Government defined needs.– More exposure to diverse user solutions and needs.

U.S. Government Investment in Industry

Initial NGA Investment

Incremental NGA Investment

2004 - 2009

$435$500$350

$150

$500

April 2003: The President signed the "U.S.

Commercial Remote Sensing Policy", which says

that all Federal agencies should use commercial

imagery to the maximum extent practical.

ClearView Program(2003-2007)

ClearView Program(2003-2007)

NextView -1 Vendor(2003 Award)

NextView -1 Vendor(2003 Award)

NextView-2 Vendor(2004 Award)

NextView-2 Vendor(2004 Award)

2003

• The US Government has invested over $2.0 billion in the commercial imaging satellite industry post 9-11

• IKONOS satellite was a substantial provider under ClearView contract• Under the NextView contract, NGA funded half of the development of two next-

generation, high-resolution imaging satellites, including our GeoEye-1

• The US Government has invested over $2.0 billion in the commercial imaging satellite industry post 9-11

• IKONOS satellite was a substantial provider under ClearView contract• Under the NextView contract, NGA funded half of the development of two next-

generation, high-resolution imaging satellites, including our GeoEye-1

6

NextView program

• US Government funded half the cost of two next generation satellites – response to 9/11 and desire to establish robust imagery industry for other purposes

• In return, US Government got source of imagery that supplements US Government systems at a very reasonable price.

• Funding for GeoEye - 1– Half the cost of the satellite: $217 MM – paid over 4 year construction

period according to milestones– Committed to minimum imagery purchase – $197 MM over 18 months;

since revised to flat $12.5 MM per month– GeoEye raised $250 MM debt (Credit Suisse and Deutsche Bank) and $107

MM equity – Element in award decision: Viable Commercial Model

7

GeoEye Today• Locations

– Headquarters: Dulles, Virginia– Operation Facilities

• Thornton, Colorado• St. Louis, Missouri• Mission, KS

– 4 Secure Facilities• Employees: 500+

– High percentage with advanced degrees• Imagery from diverse platforms

– GeoEye-1– IKONOS– Aerial– OrbView-2

• Value-added production services• NASDAQ: GEOY

– Profitable, growing, well capitalized– Revenue: 1st quarter 2009 up 26% over 2008; 2008

full year $149MM

A leading global provider of location-

based intelligence services.

To enable timely, accurate and accessible

location intelligence.

Who we areWho we are

Our MissionOur Mission

8

Aerial SensorsAerial SensorsAerial SensorsAerial Sensors

GeoEye ConstellationGeoEye Constellation

Satellite SensorsSatellite SensorsSatellite SensorsSatellite Sensors

-2

9

Revenue Mix

10

Production/Processing Expansion• St. Louis – “source

agnostic” – increasingly important as more satellites are launched– Expanded facility by 50%

• Thornton– Tripling size available for

classified production• Expanding web-based

delivery of products and services

$0

$10

$20

$30

$40

$50

2004 2005 2006 2007 2008

Year

GeoEye’s Milestones

• GeoEye acquires aerial company and invests in China

• GeoEye acquires Space Imaging• GeoEye begins trading on NASDAQ

• Predecessor company founded

• Launch of OrbView-2 satellite

• Launch of IKONOS satellite

• GeoEye Wins $500M DoD NextView contract

• Launch of GeoEye-1 satellite

1992

1997

1999

2003

2007

2004

2005

2008

2006

2009• NGA signs Service Level Agreement with GeoEye ($12.5M per mo)

• IKONOS Servicing ClearView Contract2002

12

Increase in Financial Value

$0 MM

$423 MM

$0

$100

$200

$300

$400

$500

$600

$700

$800

2003 2009

Year

Equity Value

$0 MM

$423 MM

$0

$100

$200

$300

$400

$500

$600

$700

$800

2003 2009

Year

Equity Value

$32 MM

$673 MM

$0

$100

$200

$300

$400

$500

$600

$700

$800

2003 2009

Year

Enterprise Value

$32 MM

$673 MM

$0

$100

$200

$300

$400

$500

$600

$700

$800

2003 2009

Year

Enterprise Value

13

Headcount Growth

“Only by attracting the best people will you accomplish great deeds”

“In a brain based economy, your best assets are your people”

Gen. Colin Powell, “Advice on Leadership”

2004

106

2009500+

20052006

20072008

14

GeoEye-1 Half-Meter Imagery - Jan. 30, 2009 - Eiffel Tower, France