Updated Revenue Objectives and Growth Capacity

SIGNIFICANT PROGRESS ON ALL COMPONENTS OF CASH GENERATION SINCE FY 16 Item Achievement Cash Capex Guidance reduced from €500m to €400m LEAP 1 program generated €32m savings in Opex FY 19. LEAP 2 targeting a further €20-25m by FY 22 Cash interest > €60m savings through bond refinancing WCR Substantial improvement in FY 21 Asset Disposals > €750m asset sold at a ~8x average EBITDA multiple EUTELSAT Corporate tax Reduction of >€70m in tax burden after change in French Finance law Status Delivered Secured Delivered In Progress Delivered Delivered C☑ 62

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