Telesat Investment Highlights

Telesat Lightspeed CAPEX¹ US$M 1,000.00 800.00 600.00 400.00 200.00 Total Capex for 198 satellites US$3.5B Ju.... 2023 2024 2025 2026 2027 2028 2029 2030 1 Note 156 satellites in service scheduled early 2028 42 satellites in service scheduled end of 2030 See slide 10 TELESAT. Total Capex Program (2023-2030) 156 Satellites Add'l 42 Sats 198 Satellites Satellite Costs (incl. Sys Eng) 1,562M 425M US$1,987M Launch Vehicle Costs Launch Insurance Costs 656M 184M US$ 840M Ground Network and Other Total Capex Costs 77M 412M US$ 2,707M 12M US$ 89M 184M US$ 805M US$ 596M US$3,512M 21 21

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