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Investor Presentaiton

SATELLITE PROGRAMME CAPEX PROFILE TYPICAL TIMING OF CAPEX PAYMENTS EUTELSAT BREAKDOWN OF CAPEX Other 6.0% 30% YEAR 1 Satellite 50.0% C Insurance 10% Launcher 34% 30% YEAR 2 40% YEAR 3 Capex generally split equally over three years prior to launch Insurance paid in year three 63
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