Telesat Investment Highlights

Sources and Uses Lightspeed Program | 198 Satellites Sources of Funding (US$) Telesat Equity Government Funding¹ Vendor Financing Lightspeed Operational with 156 Satellites Uses Constellation Investment (US$) $1.6B Launch and Development of Initial 156 Satellites $2.7B $2.1B Operational expenditures $0.3B Contingency $0.8B $0.4B ~$3.9B Total Investment for 156 Satellite Constellation ~$3.9B Lightspeed Cash Flows Once Operational Fund Additional 42 Satellites $0.8B Remaining 42 Satellites and Infrastructure Total Sources of Funding for 198 Satellite Constellation $0.8B ~$4.7B Total 198 Satellite Constellation Investment ~$4.7B 1 Government financing commitments are subject to a number of conditions, including the conclusion of definitive agreements. TELESAT. 19

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