Telesat Investment Highlights

Telesat Lightspeed Outlook Revenue and EBITDA US$M $600 Telesat Lightspeed Revenue¹ $3,200 Telesat Lightspeed EBITDA Margin expected to be approximately in line with historical levels by 2029 US$M $400 $2,700 2028 2029 2030 2031 2032 2028 2029 2030 2031 2032 1 As discussed on slide 13 TELESAT. 20 20

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