BlackSky Investor Presentation Deck

H1 Imagery and Analytics. Cost of Sales 97% incremental contribution margin improvement for imagery and analytics (1) Increased revenue of high-margin imagery and analytics drove improved performance Low marginal cost for imagery and analytic services contributed to improvement BLACK SKY O BlackSky 2023. All rights reserved. Confidential & Proprietary. 97% Incremental Contribution Margin Improvement Over Prior Year (¹) ($ in millions) | I I I I I $17.5 $6.7 +$13.6 97% +$0.3 $31.1 $7.0 H1'22 Imagery & Software Analytical Services Revenue Adjusted Imagery & Software Analytical Services Cost of Sales (¹) H1'23 (1) Adjusted imagery and software analytical services cost of sales is a non-GAAP financial measure. See Appendix for a reconciliation to the most comparable measure reported in accordance with GAAP. 23

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