Recent Annual Operating Results slide image

Recent Annual Operating Results

Historical Revenue and Adjusted EBITDA Trends (USD in Millions) Revenue (2) Comtech Acquires TCS 2016 to 2019 CAGR: 17.8% Impacted by COVID-19 $ 671.8M $ 616.7M $ 550.4M $ 570.6M $ 411.0M Guidance $580.0M to $590.0M Satellite networking products (Heights TM and UHP), Next Generation 911 systems and important contract awards create strong prospects for future growth Economic reopening from COVID-19 should help Adjusted EBITDA (2) (3) FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021E 2016 to 2019 CAGR: 24.8% Guidance $74.0M $ 93.5M to $ 78.4M $77.8M $76.0M $ 70.7M $ 48.1M FY 2016 ~12% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021E ~13% ~14% ~14% ~13% ~13% COMTECH LOCATION TECHNOLOGIES Continued investments in R&D and marketing to support long-term growth Room for improved margins as we focus on efficiencies and greater scale Adjusted EBITDA supported by strong cash flow generation (2020 GAAP operating cash flows of $52.8M) Notes (1) Comtech's fiscal year end is July 31. (2) See Appendix II of this presentation for the reconciliation from US GAAP to Adjusted EBITDA. 13
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