#1ww **IN AN IN N NEXTNAV HUNE MIRIA BALERO BA Welcome to Next Generation GPS in LENTE ***** BBBB 8 E POE EE In#2Disclaimer Industry and Market Information Information contained in this Presentation concerning NextNav's industry and the markets in which it operates, including NextNav's general expectations and market position, market opportunity and market size, is based on information from NextNav's management's estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. In some cases, we may not expressly refer to the sources from which this information is derived. Management estimates are derived from industry and general publications and research, surveys and studies conducted by third parties and NextNav's knowledge of its industry and assumptions based on such information and knowledge, which we believe to be reasonable. In addition, assumptions and estimates of NextNav's and its industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could caus NextNav's future performance and actual market growth, opportunity and size and the like to differ materially from our assumptions and estimates. Trademarks All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and NextNav's use thereof does not imply an affiliation with, or endorsement by the owners of such trademarks, copyrights, logos and other intellectual property. Solely for convenience, trademarks and trade names referred to in this Presentation may not appear with the Ⓡ or symbols, but such references are not intended to indicate, in any way, that NextNav will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor to these trademarks, service marks and trade names. Forward-Looking Statements This Presentation and any oral statements made regarding the subject of this Presentation include "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our management team's expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. The words "may," "anticipate," "believe," "expect," "intend," "might," "plan," "possible," "potential," "aim," "strive," "predict," "project," "should," "could," "would," "will" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward- looking. These statements may relate to, but are not limited to: expectations regarding our strategies and future financial performance, including future business plans or objectives, expected functionality of our geolocation services, anticipated timing and level of deployment of our services, anticipated demand and acceptance of our services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals commercial partnership acquisition and retention, products and services, pricing, marketing plans; our ability to realize the anticipated technical and business benefits associated acquisitions, N NEXTNAV and any subsequent mergers, acquisitions, or other similar transactions; factors relating to our future operations, projected capital resources and financial position, estimated revenue and losses, projected costs and capital expenditures, and expectations about international markets; projections of market growth and size, including the level of market acceptance for our services; our ability to adequately protect key intellectual property rights or proprietary technology; our ability to maintain our Location and Monitoring Service ("LMS") licenses and obtain additional LMS licenses as necessary; our ability to maintain adequate operational financial resources, including for research and development, or raise additional capital or generate sufficient cash flows; our ability to develop and maintain effective internal controls; our success in recruiting and/or retaining officers, key employees or directors; expansion plans and opportunities; costs related to being a public company; our ability to maintain the listing of our securities on Nasdaq; macroeconomic factors and their effects on our operations; and the outcome of any known and unknown litigation and regulatory proceedings, as well as assumptions relating to the foregoing. Accordingly, forward-looking statements should not be relied upon as representing our views of any subsequent date, and we do not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.#3Strategic Priorities "A") Be the Leader in Resilient PNT 흩 Enhance Spectrum Expand Global Capabilities Reach N NEXTNAV#4Federal Communication Commission ● 900 MHz Broadband 902 ● US Location and Monitoring Services (LMS) Band 919.75 NextNav NextNav has a contiguous 8 megahertz of valuable low band spectrum covering 2.4 billion MHz-PoPs of 900 MHz spectrum FCC Action 8 MHz Contiguous 928 927.75 Received approval for experimental license Allows NextNav to deploy and test TerraPoiNT implementation utilizing industry- standard 5G waveforms to demonstrate ability to provide resilient PNT services combined with 5G broadband. Designing and deploying experimental 5G network in Bay Area to validate. 900 MHz Broadband N NEXTNAV freq (MHz) •#5Continued Momentum Towards PNT Resilience Executive Order 13905 - Calls for federal procurement to include resilient PNT systems. Expect Order will be released in the coming months. Government moving forward on strategy of Protection, Toughening, and Augmenting GPS, with several initiatives underway. ● Ex: "Harmonious Rook" Situational Awareness for Intentional Disruption program associated with GPS interference detection nationwide. Recent Senate Homeland Security and Transportation, Housing and Urban Development appropriations bills, Congress reiterated its intent to support EO 13905. Allocated funding to further resilient PNT. Integration of LTE/5G technology will deliver clear acceleration of domestic deployment timeline for TerraPoiNT. ● KLM 10:08 %D Uber Indlay Market OVER THE RHINE otanical Garden Cincinnati Zoo & Botanical Garden Cincinnat Newport Aqua € 20 MIN Dayton Taft Muse Source: Next Nav extrapolation of NIST sponsored study, conducted by RTI International. Worldwide Service ONE OO MGO C W 1010 D MER 25 Fo 3198 8 O BL31 AMBULT N NEXTNAV MSC GÜLSÜN MSC 4#6Precision Z-Axis for Public Safety ● 費 Additional Nationwide U.S. Carrier Contract Enables precise z-axis data for 911 calls made on carrier's entire device portfolio First devices on the network expected to be released later this year Public Safety Partners FIRSTNETTM Built with AT&T ARO RapidSos q CENTRALSQUARE TECHNOLOGIES XRapidDeploy vitals Services Aware NGA motorola Next Generation Advanced Radio IP GEOCOMM Bodytrak at&t verizon✓ KYOCERA CONVEY911 vôzsafe TRX systems CRG ✓ 3 #xx am VALOR SYSTEMS Qualcomm sonim. Nationwide Wireless Carrier N NEXTNAV#7International Developments Japan European Testbed New European testbed in the area of Paris, France ● ● Japanese Cabinet Deliberating Importance of PNT Resilience Japanese Government likely to follow US and EU for PNT resilience ● ● ● ● European Joint Research Centre Report Recognized NextNav accuracy in providing floor-level vertical location and resilient layer for traditional GPS services Vertical location precision achieving 1.6 meters 95% of the time Recognized TerraPoiNT as a mature technology First for high-accuracy vertical location technology Demonstrates Pinnacle technology benefits to local emergency response agencies Provide integration with applications and devices from NextNav partners Meets or exceeds relevant benchmark to serve as resilient layer for existing GPS and GNSS technologies N NEXTNAV N NEXTNÁV#8Closes $20 Million Additional Debt Financing Total Gross Proceeds of $70 million Terms: Warrants: Close: Add'l Note Investors: ● ● ● ● ● ● $50 million aggregate principal amount of 10.00% Senior Secured First Lien Notes due December 2026 50% of interest payable in stock at company's discretion. $20 million additional notes issued under same indenture structure. ● Noteholders have received 25.9 million warrants to purchase common stock for cash at an aggregate exercise price of $56 million. Partially callable beginning in 2025 $50 million transaction closed May 9, 2023. N NEXTNAV $20 million transaction closed July 6, 2023. Initial round investors seeking greater allocation of 10.00% senior secured notes and warrants.#9Investment highlights Next Generation GPS solution will sit at the core of the app economy Robust Balance Sheet Recently bolstered by $70 million financing in 2Q/3Q 2023, multiple years of runway >$100 Billion total addressable market N NEXTNAV 0 0 Deep Asset Base IP, spectrum and deployed networks Global Opportunity European actions, and service live in Japan Growing list of Blue-chip customers including AT&T, Verizon and NASA World class management, board, and shareholders with leaders in wireless and location services N NEXTNAV#10N NEXTNAV Next Generation GPS is here.