Sequans Capitalization and 5G Taurus Launch

Large Sales Pipeline Drives Future Product Revenue Growth > $750M of 3Y LNR* Potential Product Revenue . ● • ● Represents specific customer projects where unit demand can be estimated Assumes 3 years of revenue from the initial production - some projects currently in production, significant percent enter production in 2024 2025 Pipeline reflects >100 opportunities Revenue from license and services not included Engagements and Qualified Opportunities Product Design Wins 50% Secured by Design Wins with >85% in Massive lot * Assumes 3 years of revenue from the initial production of each customer project. SEQUANS O2023 Sequans Communications 12

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