Telesat Investment Highlights

Investment highlights Leading global satellite operator with diversified revenue and long-term visibility across blue chip customer base + Developing highly advanced low earth orbit (LEO) satellite network to capture fast growing enterprise broadband market ~US$320B Addressable Enterprise market C$745M¹ LTM Revenue 3 C$549M¹ LTM Adjusted EBITDA 3 74% Adjusted EBITDA margin 156+ C$1.5B In contracted GEO backlog as of Sept. 30, 2023 US$3.9B Next-generation satellites with enterprise-class service Telesat Lightspeed is fully funded² for global service 86% Utilization rate as of Sept. 30, 2023 ~6 years Average remaining commercial life of geostationary satellite fleet US$0.6B In contracted LEO backlog as of Sept. 30, 2023 Telesat (NASDAQ & TSX: TSAT) is a leading global satellite operator with an established, high cash flow generative business and compelling growth opportunities backed by deep commercial, technical and regulatory expertise TELESAT. 1 LTM as of September 30, 2023 2 Government financing commitments are subject to a number of conditions, including the conclusion of definitive agreements. 3 Adjusted EBITDA and Adjusted EBITDA margin are non-IFRS measures. See Appendix for reconciliation of Adjusted EBITDA and Adjusted EBITDA margin to Net Income 4

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