Investor Presentaiton

GENERATING STRONG VALUE CREATION REVENUE SYNERGIES COSTS SYNERGIES CAPEX SYNERGIES Average annual expected Revenue synergies of c. €150m by Year 4 Annual expected run-rate Pre-tax cost synergies Over €80m by Year 5 Average expected annual Capex synergies of c. €80m From Year 1 Leverage Eutelsat sales forces, geographical reach and existing customer base to accelerate commercial ramp-up One-stop-shop for customers looking both for ubiquity and capacity density Single hybrid LEO/GEO terminal unlocking new use cases and revenue opportunities Optimized cost structure on commercial, G&A and joint technical resources Significant cost avoidance at OneWeb Strongly mitigating implementation costs and execution risks Leveraging hybrid LEO/GEO satellite infrastructure to right-size Gen 2 Synergies in procurement and on ground segment and terminals deployment Mid-term GEO fleet rationalization NPV OF SYNERGIES > EUTELSAT Over €1.5bn After tax Net of implementation costs Low execution risk Balanced between Revenue, Costs and Capex synergies | 333

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