Eutelsat Investor Presentation Deck

FINANCIAL OUTLOOK CONFIRMED (STANDALONE) OPERATING VERTICALS REVENUES EUTELSAT CASH CAPEX ADJUSTED DISCRETIONARY FREE CASH FLOW ³ LEVERAGE DISTRIBUTION ► Growth from FY 2023-24 onwards Not exceeding €400m¹ per annum for each of the two fiscal years FY 2022-23 and FY 2023-24 Average of €420m per annum over the next two fiscal years FY 2022-23 and FY 2023-24² Equivalent to cumulative Adjusted DFCF generation of €1.4 bn over three fiscal years (FY 22/FY 23 / FY 24) at 1.00 €/$ Medium-term net debt / Adjusted EBITDA ratio of c. 3x Dividend suspended for three years in the context of combination with OneWeb³ This outlook is based on the revised nominal deployment plan outlined below. It assumes no further material deterioration of revenues generated from Russian customers. It excludes the impact of the contemplated combination with OneWeb. 1 Including capital expenditure and payments under existing export credit facilities and other bank facilities financing investments as well as payments related to lease liabilities. 2 Based on a €/$ rate assumption of 1.00 and current perimeter. Adjusted DFCF objectives exclude future payments related to the take-or-pay agreement with OneWeb. 3 Starting from FY 2022-23. 47

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