FIRST QUARTER 2022-23 REVENUES

• Operating Verticals revenues of €291 million, down 4.3%[1], in line with the mid-point of Full Year objectives
• Continued robust double-digit growth in Fixed Broadband and Mobile Connectivity
• All financial objectives confirmed
• Successful launch of KONNECT VHTS paving the way for connectivity-driven return to growth

Paris, 12 October 2022 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the First Quarter ended 30 September 2022.

Eva Berneke, Chief Executive Officer of Eutelsat Communications, said: “First Quarter Revenues are in line with our expectations, and we confirm our financial objectives for the current and subsequent years. Despite limited available capacity at this stage, we continue to record a strong double-digit growth in Fixed Broadband and Mobile Connectivity highlighting the massive long-term potential for both applications, while our mature broadcast activities declined in line with expectation

We made further strong progress in the implementation of our Telecom Pivot with the completion of the implementation of our new organization, aligned along two business lines – Broadcast and Connectivity, and new leadership in place for each business unit. The creation of two business units will enhance customer-centricity, boost efficiency and foster growth.

Finally, the successful launch of the KONNECT VHTS satellite in September is a crucial milestone for our Connectivity-driven return to growth, bringing unprecedented levels of capacity to the European markets, some of it already pre-sold.”

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(1) Like-for-like change at constant currency and perimeter.
(2) Change at constant currency and perimeter. The variation is calculated as follows: i) Q1 2022-23 USD revenues are converted at Q1 2021-22 rates; ii) Hedging revenues are excluded from Other Revenues.
(3) Other Revenues include mainly the impact of EUR/USD revenue currency hedging, the provision of various services or consulting/engineering fees and termination fees.