Investor Presentaiton

PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in thousands of US$) ASSETS Non-current assets Property, plant and equipment Intangible assets Deposits and other receivables Other non-current financial assets Total non-current assets Current assets Inventories Trade receivables Contract assets Prepaid expenses Other receivables Research tax credit receivable Short-term deposits Cash and cash equivalents Total current assets Total assets SEQUANS At Dec 31, 2023 (1) At Dec 31, 2022 (in thousands of US$) At Dec 31, At Dec 31, 2023 (1) 2022 EQUITY AND LIABILITIES Equity $ 6,815 $ 8,489 64,300 48,705 Issued capital, euro 0.01 nominal value, 246,262,004 shares authorized, issued and outstanding at December 31, 2023 (193,426,478 shares at December 31, 2022) Share premium $ 2,878 $ 2,306 Other capital reserves 14,568 70,431 2,418 62,870 801 783 Accumulated deficit (93,416) (65,099) 360 337 Other components of equity (416) (391) Total equity (5,955) 2,104 72,276 58,314 Non-current liabilities Government grant advances, loans and other liabilities 4,442 6,235 6,335 9,387 Convertible debt 43,455 Convertible debt embedded derivative 3,203 8,115 8,494 Lease liabilities 1,645 2,278 497 176 Trade payables 1,788 1,422 1,399 Provisions 2,222 2,196 4,839 5,799 Deferred tax liabilities 264 258 Contract liabilities 404 9,983 4,515 Total non-current liabilities 8,573 59,817 5,000 Current liabilities 5,705 5,671 Trade payables 16,281 9,342 Interest-bearing receivables financing 9,428 7,723 36,896 40,441 Lease liabilities 1,471 1,291 $ 109,172 $ 98,755 Convertible debt 52,278 Convertible debt embedded derivative 3 Unsecured related party loan 8,922 Government grant advances and loans Contract liabilities 3,420 4,159 5,852 5,964 Other current liabilities and provisions 8,899 8,355 Total current liabilities 106,554 36,834 Total equity and liabilities (1) Preliminary evaluation of the convertible debt would need to be updated if the terms are amended prior to filing the Form 20-F $ 109,172 $ 98,755 ©2024 Sequans Communications 20

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