Investor Presentaiton

Our Served Market SAM excludes: 2500 Smart phones/tablets • Operators asking for 2G/3G fallback 2000 • China 1500 SAM growth by category: 1000 5-yr CAGR Units 5-yr CAGR $ 500 Broadband/Critical IoT 32% 47% Massive loT 51% 36% Total SEQUANS 46% 42% Served Cellular loT Market ($ millions) ال 2024 Massive loT 2020 2021 2022 2023 ■Broadband/Critical IoT Source: ABI Research, Techno Systems Research and Sequans' estimates 2025 O2021 Sequans Communications 7

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