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Investor Presentaiton

NET INCOME Extracts from the consolidated income statement in €m FY 2021-22 FY 2022-23 CHANGE Revenues 1,152 1,131 -1.8% Adjusted 862 825 -4.2% EBITDA1 Operating 425 573 +35.0% income Financial result (65) (91) -40.7% Lower D&A due to lower in-orbit and on-ground depreciation. H13F and H13G in service end of period Other operating income of €203m, compared to income of €45 million last year, principally $382m payment of Phase II of C-Band proceeds. ► Unfavorable evolution of FX gains and losses as well as higher interest rates. Higher tax, at -€67 million versus -€49 million a year earlier, reflecting notably the 30% tax rate applied to the above-mentioned C-Band proceeds. -€87m income from associates (mainly OneWeb) Net margin of 28% versus 20% last year Income tax (49) (67) -36.9% Group share 231 315 +36.4% of net income 1 Adjusted EBITDA defined as operating income before depreciation, amortization, impairments and other operating income/(expenses) EUTELSAT 52 52
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