Investor Presentaiton

Our Served Market $6,000 Served Cellular loT Market ($ millions) SAM Growth by Category $5,000 CAGR 31% 5-year CAGR $4,000 $1,774 $1,619 Massive loT 14% $3,000 $1,460 Broadband lot 48% $2,000 $1,247 $3,676 Total 31% $3,171 $1,049 $1,000 $2,183 SAM excludes: $1,216 $774 Smart phones/tablets, devices with 2G/3G fallback and China $0 2023 2024 2025 2026 2027 Broadband lot Massive loT SEQUANS Source: ABI Research, M2M Module Market, Q4 2023 ©2024 Sequans Communications 6

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