#1En ... www THE W www www www th Fu N HEWAN NEXTNAV Welcome to Next Generation GPS **22422 0800 EEE ad#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 Next Nav'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 cause 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 may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav's future prospects, developments and business strategies. In particular, such forward-looking statements include statements about NextNav's position to drive growth in its 3D geolocation business and expansion of its next generation GPS platform, the business plans, objectives, expectations and intentions of NextNav, NextNav's partnerships and the potential success thereof and NextNav's estimated and future business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on NextNav's management's current expectations and beliefs, as well as a number of assumptions concerning future events. N NEXTNAV Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav's control, that could cause actual results to differ materially from the results discussed the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to:, (1) the ability of NextNav to continue to gain traction in key markets and with notable platforms and partners, both within the U.S. and internationally; (2) the ability of NextNav to grow and manage growth profitably, maintain relationships with partners, customers and suppliers, including with respect to NextNav's Pinnacle 911 solution and its TerraPoiNT network, and the ability to retain its management and key employees; (3) the ability to maintain balance sheet flexibility and generate and effectively deploy capital in line with its business strategies; (4) the possibility that NextNav may be adversely affected by other economic, business and/or competitive factors (including the impacts of the ongoing COVID-19 coronavirus pandemic); (5) other risks and uncertainties indicated from time to time in other documents filed with the Securities and Exchange Commission by Next Nav. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward- looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.#3•● ● ● Pinnacle Service commercially available in the U.S. market and currently in use +4,400 cities Passive network, does not use spectrum assets 7 000 Floor 18 ● ● ● Eh TerraPoiNT Initial deployment in top 50 U.S. markets Terrestrial version of GPS Independent agencies and groups consistently validating market leading accuracy and reliability Floor 18 Apt 1809 3 2#4Spectrum license at core of competitive advantage ● • 900 MHz Broadband 902 US Location and Monitoring Services (LMS) Band Ⓡ 919.75 NextNav 8 MHz Contiguous 928 927.75 900 MHz Broadband N NEXTNAV Virtually nationwide, covering 93% of US population Sole commercial licensee / operator in LMS band Generous power limits Leverages cellular band 8 RF in devices Scarce low-band spectrum freq (MHz) 3#5● ● Q4 2021 Marquee Strategic Partnerships Qualcomm Expected to enable NextNav's Pinnacle 911 z-axis software and network-based services for use with the Qualcomm Location Suite. Effort is expected to facilitate device and original equipment manufacturer vendors ability to integrate z-axis capabilities into existing carrier infrastructure for 911 purposes. (H) BOSCH Invented for life Certification ensures high quality sensors for best performance. Bosch Sensortec will validate the accuracy of measurements and provide robust performance assurance for OEM's utilizing its sensors in mass-market products including mobile phones, tablets, and wearables. ● ● • ● ا... Nationwide Wireless Carrier for E911 Agreement delivers vertical location for Enhanced 911 (E911), using NextNav's Pinnacle 911 solution for all its customers. The delivery of vertical location to public-safety answering points (PSAPs) nationwide is a significant step in improving emergency response in the United States. JRC EUROPEAN COMMISSION JRC is tasked with assessing viable backup technologies to Galileo (European-equivalent GPS). Test furthers the European Union's analysis of viable backup systems to GPS. N NEXTNAV#6Deep customer & partner relationships across verticals signed to date Mission-critical public safety and E911 TRX systems EN IS PARA EDICS FIRSTNET™ Built with AT&T ERGENCY ICIAN am at&t 39 (R) Top Wireless Carrier motorola sonim. Qualcomm Mass market, mobile apps, gaming and data analytics aws partner network unity (H) BOSCH Invented for life wwwww ATLAS EARTH REALITY INFILLION u KNOW BEYOND TDK InvenSense UNREAL ENGINE echo3D Critical infrastructure, transportation and international DEPARTMENT OF TRANSPO UNITED STATE PORTATION AMERICA N NEXTNAV SOMELAND JRC EUROPEAN COMMISSION TMENT OF SECURITY MetCom NASA JU LO 5#7Metaverse Market Map Experience FORTNITE Meta G RIOT STAR ATLAS TOGETHER LABS Hasbro ACTIVISION BIZZARD NESDFT NetEase Games kendir studies Nintendo +11 Beat Games VALVE Q.N.1 Supernatural mi Hoyo immersed facebook CCP twitch FABLE NIANTIC ATFKT HOLOGATE LATITUDE STILLFRONT [BEAMDOG] Tencent腾讯 EMBRACER SKY MAVIS GROUP MINECRAFT XBOX GAME STUDIOS UPLAND NEXON All/SECOND Gather Byte Dance D THETA.TV wave WARGAMING.NET UBISOFT ZEPETO Larva Labs YUGALABS twitter NETFLIX A AllspaceVR anim ca Spatial STUDIOS ODYSSEY LIFE ZK DEMIPLANE lilith FAMES Loot YouTube Clubhouse zoom Discovery facebook unity EPIC GAMES ROBLOX unity Ads DISCORD Google A luna P STEAM EPIC GAMES STORE STADIA TROPOS AR #SAME JOLT APPLOVIN Aitch.io is ironSource Google Play A Adobe SANDBOX MANTICORE N3TWORK Vungle Swim Creator Economy WELD GUILD facebook horizon BEAMABLE moralis M IMPROBABLE Microsoft photon ROKOKO COCOS xsens soulmachines rct.ai Marvelous Designer overwolf Polystream GameMaker Studio 2 S SUPERWORLD CRYPTOVOXBLE Xsolla mod.io skillz SOMNIUM SPACE genvid Decentraland Maddie's Daz3D machinations BUILDBOX ΑΡΙΔ Spatial Computing gravity SUBSPACE Sketch async.admix unity A u AUTODESK O OMNIVERSE 03DE UNREAL ENGINE Descartes Labs ✰ bender Source: Jon Radoff, Medium - https://medium.com/building-the-metaverse/market-map-of-the-metaverse-8ae0cde89696 Google Al OpenAI NIANTIC Planet-Scale AR CESIUM N NEXTNAV Matterport occipital shopify presenz moz://a EF EVE Decentralize Microsoft OpenXR. ethereum WA GEMINI WEBASSEMBLY consensys 3 Tezos IMMUTABLE brave 0 Ava Labs. FORTE Hedera Hoshgraph SOLANA polygon WAX Dapper Enjin Algorand IBM THETA vvenly ARAGON ubuntu IOTA CARDANO Polkadot ON evernym makersplace SuperRare Crucible N RP1 OpenSea WOLF 30 Tafi HUAWE rally AN neuno Human Interface M oculus aws Azure from facebook XBOX B PlayStation SWITCH SAMSUNG Microsoft HoloLens 0 VIVE NEURALINK LIGHTFORM VUZIX nreal RAZER VARJO Not VR magic leap AVEGANT neosensory Infrastructure amazon alexa NVIDIA. AMD 8 Google Cloud DFINITY SKYWORKS Qualcomm Qor-vo ATOMICA AT&T fastly MARVELL SAMSUNG BROADCOM Ommision SONY ProLogium Panasonic verizon CLOUDFLARE intel @BOSCH OUSTER IBM OT Mobile dafone bandwidth EDGEGAP Akamai agora EQUINI> DIGITAL REALTY V6.1-November 2021- Building the Metaverse Jon Radoff N NEXTNAV#8The NextNav opportunity set is global Target developed markets with similar characteristics to the US ● ● ● Joint venture with Metcom (Sony and Kyocera) to deliver NextNav services in Japan Metcom trialing with several key providers - SECOM, NEC etc. European Commission's JRC alternative positioning, navigation, and timing evaluation in Italy MetCom JRC EUROPEAN COMMISSION SONY SoftBank ✰ TELUS O vodafone KYOCERA T II Deutsche Telekom NEWS & RESOURCES > MetCom and NextNav to deliver next generation resilient location services in Japan Ben Ball, Head of Marketing Published Jan 5, 2021 Tokyo - January 6, 2021 - MetCom and NextNav today announced a new licensing partnership to deliver resilient, precise, and secure solutions for 3D Position, Navigation, and Timing (PNT) in Japan through the NextNav TerraPoiNT solution. Leveraging partnerships with Japanese Low Power Wide Area (LPWA) service providers KYOCERA Communication Systems (KCCS) and Sony Network Communications (SNC), MetCom plans to deploy NextNav's innovative Terrestrial Beacon System, TerraPoiNT, to serve the emerging PNT needs of Japan's critical infrastructure and technology sector. GLOBAL ECONOMY would be impacted from any disruption to GPS N NEXTNAV 7#9GPS Vulnerabilities Remain Top of Mind Protecting critical infrastructure and GPS systems are a key priority, especially following Russia jamming GPS in Ukraine and Europe. FY2022 budget passed by U.S. Congress includes ramped-up funding for DOT to examine next steps following 2020 technology assessment. ● DHS and DOD also secured designated funding specifically targeted towards insuring GPS resiliency. NextNav fully engaged with efforts and assessments. Expects to be an integral part of the government's roadmap to address concerns. KLM 10:08 Uber Botanical Garden Cincinnati Zoo & Botanical Garden Findlay Market LOVER THE RHINE Cincinnat ewport WEHEN YOU ONS TUT BE onservatory * Dayton 20 Taft Muse MIN Source: NextNav extrapolation of NIST sponsored study, conducted by RTI International. Worldwide Service world of E OO OG 10 Killin 17-4707 Fo 3198 O BL31 D AMBULE N NEXTNAV MSC GÜLSÜN 100 MSC 8#10Balance Sheet Numbers ($thousands) Cash, cash equivalents, and restricted cash Accounts receivable Other current assets Total current assets Fixed assets and intangibles, net Other non-current assets Total non-current assets Total Assets Accounts payable, accrued, and other current liabilities Deferred revenue Total current liabilities Senior Secured Loan Facility Warrants Other long-term liabilities Total non-current liabilities Total Liabilities Equity Total Liabilities and Equity As of December 31, 2021 100,076 1,740 4,516 106,332 26,346 4,145 30,491 136,823 5,048 1,632 6,680 28,875 1,311 30,186 36,866 99,957 136,823 2020 13,669 77 4,324 18,070 26,678 154 26,832 44,902 4,241 4,241 58,871 101,325 1,239 161,435 165,676 (120,774) 44,902 Change 86,407 1,663 192 88,262 (332) 3,991 3,659 91,921 807 1,632 2,439 (58,871) (72,450) 72 (131,249) (128,810) 220,731 91,921 N NEXTNAV#11N NEXTNAV Next Generation GPS is here.