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Investor Presentaiton

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