Investor Presentaiton

Financial Outlook Unchanged FY 2019 FY 2020 Financial outlook assumes EUR/USD FX rate of EUR 1 = USD 1.15, nominal launch schedule and satellite health status Video revenue EUR 1,225 -1,255 million EUR 1,200 1,250 million Networks revenue Group revenue(1) EUR 740-775 million EUR 1,975 – 2,040 million EUR 850 900 million EUR 2,060 - 2,160 million Group EBITDA - EUR 1,220 1,265 million (2) EUR 1,260 – 1,340 million 1) Group revenue includes approximately EUR 10 million of Other revenue 2) Group EBITDA excluding a restructuring charge of EUR 25 - 30 million Investor presentation | May 2019 SES 27

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