Updated Revenue Objectives and Growth Capacity

>€2.4BN AGGREGATED DFCF GENERATED OVER 6 YEARS Reported DFCF / 16% revenue ratio Adjusted DFCF growth1 28% 29% 31% 37% 1,529 1,478 1,408 1,321 1,278 38% Incl. €86m of E5WB insurance proceeds 1,234 474 467 408 415 408 247 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 Total revenues +65% +12% FY 2019-20 FY 2020-21 Reported Discretionary Free Cash Flow +10% +6% +0% Excl. Insurance +12% 1 Growth as defined per financial objectives EUTELSAT 2 Excluding the post tax impact of the insurance proceeds related to EUTELSAT 5 WEST B (€86m received in FY 20, €7m received in FY 21) proceeds² 16

View entire presentation