Eutelsat Investor Presentation Deck

PROFITABILITY ► FY 2022-23 Adjusted EBITDA margin of 72.9% at constant currency¹ down 1.9 point YoY Lower revenues, especially in the Video vertical ● ► Higher operating costs ● Increased staff and technical costs due changing revenue mix and, to a lower extent, inflation Transaction costs with Russia ► Adjusted EBITDA margin reflecting progressive rebalancing of our business towards connectivity applications 173.0% reported. ▸ EUTELSAT Margin at constant currency 862 Adjusted EBITDA (€m) 74.8% FY 2021-22 825 72.9% FY 2022-23 55

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