Investor Presentaiton

Positive Secular Trends Driving End Market Demand Apple LOWER LAUNCH COSTS AND NEW TECHNOLOGIES DRIVING MARKET OPPORTUNITY Lower launch costs and new technologies are driving commercialization of space and have improved the economic feasibility of many space-based activities and services; launching a spacecraft today is 10x cheaper versus a decade ago SPACE IS ENABLING GLOBAL CONNECTIVITY Insatiable appetite for universal connectivity and data usage to be met with new and enhanced capacity from satellite constellations (LEO and MEO) which offer among others broadband internet, IoT (Internet of Things) and 5G communications NEW SPACE RACE DRIVING RENEWED INTEREST IN SPACE EXPLORATION Renewed government interest in lunar and deep space exploration; new missions projected to increase by ~220% to 750 missions over the next decade (1) with private sector playing a key role SPACE IS CRITICAL TO NATIONAL SECURITY Space is becoming increasingly critical to national security with governments around the world increasing funding and creating independent space commands to reinforce national security and sovereignty priorities INNOVATIVE SATELLITE APPLICATIONS GAINING MOMENTUM Satellite direct-to-device applications are gaining momentum including direct-to-cell services which address gaps in terrestrial coverage and bring connectivity to unserved or underserved populations; service demand to be met via new and enhanced satellite capacity 1) Euroconsult, Prospects for Space Exploration, 4th Edition 7

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