BlackSky Investor Presentation Deck

Full Year Imagery and Analytics Cost of Sales 92% full year incremental contribution margin improvement for imagery and analytics (1) Increased revenue of high-margin imagery and analytics Low fixed-cost structure for imagery and analytics delivers improved operating leverage BLACK SKY O BlackSky 2023. All rights reserved. Confidential & Proprietary. 92% Full Year Incremental Contribution Margin Improvement (¹) ($ in millions) $15.4 $11.2 2021 +$32.0 92% +$2.7 $47.4 $13.9 2022 Imagery & Software Analytical Services Revenue Adjusted Imagery & Software Analytical Services Cost of Sales (¹) (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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