#1C EUTELSAT FULL YEAR 2021-22 RESULTS 26 July 2022#2DISCLAIMER The audit procedures for the consolidated financial statements have been completed. The certification report will be issued at the end of the next Board of Directors' meeting, after completion of the specific verifications and review of events after 25 July 2022. These accounts will be subject to the approval of shareholders of Eutelsat Communications at the Annual General Shareholders Meeting of 10 November 2022. EBITDA, EBITDA margin, Net debt / EBITDA ratio, Cash Capex, Discretionary Free Cash Flow and Adjusted Discretionary Free Cash Flow are considered as Alternative Performance Indicators. Their definition and calculation can be found in appendix 3 of the Press Release. EUTELSAT 2#3EUTELSAT AGENDA 1. Highlights 2. Operational performance 3. Financial performance 4. Outlook 3#4HIGHLIGHTS ▸ EUTELSAT 1 Please refer to separate presentation Operating Verticals revenues slightly above the mid-point of our range of objectives Resilient financial performance including industry-leading profitability and ongoing robust Free Cash Flow generation Putting all elements in place to foster the Telecom Pivot Closer cooperation with OneWeb which is making good progress Updated financial objectives including a confirmed return to topline growth from FY 24 Announcement of a merger between Eutelsat and OneWeb representing a leap forward in the Satellite Connectivity space¹#5KEY FIGURES OPERATING VERTICALS REVENUES EBITDA MARGIN² CASH CAPEX² DISCRETIONARY FREE CASH FLOW² NET DEBT / EBITDA² PROPOSED DIVIDEND €1,148m at reported €/$ rate €1,122m at 1.20 €/$ rate 74.8% reported EUTELSAT €280m €443m reported €460m adjusted (as per financial objectives)² 3.27x €0.93 per share Scrip option proposed to shareholders 1 I Reported -4.4% +0.1 pt -5.1% +0.39 pt Stable 1 YoY variation at constant currency and perimeter 2 Alternative performance metrics. Please refer to Appendix 3 to the press release for more details. YoY change As per financial objectives definition -3.8% 1 -2.1% 5#6SEQUENTIAL TRENDS IMPROVING THROUGHOUT THE YEAR Q4 revenues slightly up vs Q3 EUTELSAT BROADCAST DATA & PROFESSIONAL VIDEO GOVERNMENT SERVICES FIXED BROADBAND MOBILE CONNECTIVITY TOTAL OPERATING VERTICALS Q1 -1.7% -6.2% -3.2% -2.6% -3.6% -2.7% QoQ like-for-like variation Q3 Q2 -3.1% +1.4% -2.0% +5.9% +11.0% -1.0% -0.8% +0.1% -8.0% +7.7% +4.5% -0.7% Q4 -0.4% -1.1% -0.1% +26.0%* +4.5% +1.5%* Excluding one-off of c. €2.5m, Q4 Fixed Broadband QoQ variation is +11.2% and Q4 Operating verticals QoQ variation is +0.6% 6#7>€2.2BN AGGREGATED DFCF GENERATED OVER 5 YEARS Reported DFCF / revenue ratio Adjusted DFCF growth ¹ 29% 1,408 ▸ EUTELSAT 415 FY 2017-18 31% 1,321 408 FY 2018-19 Total revenues +10% 37% Incl. €86m of E5WB insurance 1,278 proceeds 474 38% +6% 1,234 467 FY 2019-20 FY 2020-21 Reported Discretionary Free Cash Flow +0% +12% 38% 1,152 Excl. Insurance proceeds ² 443 FY 2021-22 -2% 1 Growth as defined per financial objectives 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) 7#8ALL ELEMENTS IN PLACE TO FOSTER TELECOM PIVOT MARKET OPPORTUNITY INNOVATIVE END-TO- END PLATFORM ADEQUATE ORGANISATION UNPARALLELED GROWTH CAPACITY EUTELSAT Massive long-term market potential for both B2C and B2B connectivity Successful launch of Eutelsat Advance managed services solutions Reorganization along two business lines to enhance customer-centricity Substantial growth capacity with high level of pre-commitments Access to One Web resources providing a unique GEO-LEO combination 8#9MASSIVE OPPORTUNITY FOR BOTH B2B AND B2C CONNECTIVITY Addressing multiple verticals worth almost $16bn KEY APPLICATIONS VERTICALS FIXED DATA¹ GOVERNMENT CONSUMER BROADBAND² MOBILITY EUTELSAT Mobile backhaul Corporate networks Military / Security Civil government Internet access for individuals SMEs Drivers In-flight Connectivity Maritime Connectivity DRIVERS Network extension Growing Data usages Ubiquitous coverage need USO pressure Defense budget increases Bandwidth-hungry usages Connecting remote sites USO pressure ► High cost of terrestrial rollout Internet access becoming a basic need Growing number of aircraft / ships Improved equipment / take-up rates Enhanced service leading to higher usages 2030 MARKET 10Y-CAGR $3.9bn $3.9bn $4.4bn $3.4bn 1. Excluding Rural Connectivity and Civil Government (part of "Enterprise Networks" within Euroconsult report) 2. Including rural connectivity Source: Euroconsult Satellite Connectivity and Video Market, September 2021 +10% +13% +17% +17% 9