Eutelsat - OneWeb Combination Update

€2.3BN AGGREGATED DFCF GENERATED OVER 5 YEARS Reported DFCF / revenue ratio 31% 37% 38% 38% 41% 1,321 1,278 1,234 Incl. €86m of E5WB insurance proceeds For FY23 and FY24: 1,152 1,131 474 408 467 443 462 Adj. DFCF expected at an average of €420m per year³ FY 2018-19 FY 2019-20 Total revenues Adjusted DFCF growth1 +6% FY 2020-21 FY 2021-22 ■Reported Discretionary Free Cash Flow +0% +12% FY 2022-23 -2% -1% Excl. Insurance proceeds² 1 Growth as defined per financial objectives EUTELSAT 2 Excluding the post tax impact of the insurance proceeds related to EUTELSAT 5 WEST B (€86m received in FY 20, €7m received in FY 21) 3 At a 1.00€/$ rate | 9

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