Telos IPO Presentation Deck

Telos Pro Forma Capitalization (Sin MM) Cash Senior Term Loan¹ Subordinated Debt² Finance Lease Obligations Total Debt Preferred Stock³ Common Stock4 Enterprise Value Current $10.3 $17.2 3.6 16.0 $36.8 $142.6 $678.1 $847.2 Note: Value of common stock reflects market value based on $17.00 per share price, excluding over-allotment option 1) Debt balances shown as of 10/31/20E 2) Debt balances shown as of 10/31/20E 3) Preferred balance shown as of 11/19/20E and includes estimated accrued preferred dividends 4) Reflects fully diluted shares outstanding Pro Forma $44.2 16.0 $16.0 $1,031.1 $1,002.8 22

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