Updated Revenue Objectives and Growth Capacity slide image

Updated Revenue Objectives and Growth Capacity

GOVERNMENT SERVICES H1 revenues of €74m, down 3.8% YoY like-for- like 1 77 74 • Negative carry-forward effect of USG renewals in particular Fall 2021 campaign (75% renewal rate) affected by Q2 39 37 geopolitical context in MENA 42 Q2 • Partly offset by new business ► Q2 revenues down 5.9% YoY and 2.0% QoQ 1 Q1 38 37 Q1 ►H2 to fully reflect the above-mentioned headwinds . Full effect of Fall 2021 renewals • Geopolitical context also expected to affect spring renewals EUTELSAT H1 2020-21 H1 2021-22 1 At constant currency and perimeter 13% 32
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