THIRD QUARTER AND NINE-MONTH 2022-23 REVENUES

• Third Quarter Operating Verticals revenues of €272m
  o -7.0%¹ year-on-year
  o -3.7%¹ quarter-on-quarter
• Improving trend in Government
• Sustained growth in Fixed Broadband and Mobile Connectivity
• Nine Month Operating Verticals revenues -5.1%¹ year-on-year, in line with expectations; all financial objectives confirmed

Paris, 11 May 2023 – Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2023.

HIGHLIGHTS

• Third Quarter and Nine-month revenues performance in line with expectations.
• Q3 improving trend in Government, +3.1% like-for-like on a quarter-on-quarter basis, on the back of Airbus deal and ahead of entry into service of incremental capacity in FY 2023-24.
• Fixed Broadband (+7.3%) and Mobile Connectivity (+23.0%) sustaining positive momentum ahead of entry into service of K-VHTS and E10B next Fiscal Year.
• All standalone Full Year 2022-23 and longer-term financial objectives confirmed.
• Eutelsat has joined forces with fellow European companies to form a consortium to bid on the European Commission’s tender for the IRIS² satellite constellation. This partnership will aim to create a state-of-the-art satellite constellation based on a multi-orbit architecture and interoperable with the terrestrial ecosystem, to address the growing connectivity needs of European governments, businesses and citizens.
• OneWeb Gen-1 constellation on track for Global Coverage, supporting positive commercial ramp-up. Merger transaction on track to close by Q3 2023.

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¹ Like-for-like change.
² Change at constant currency. The variation is calculated as follows: i) Q3 2022-23 USD revenues are converted at Q3 2021-22 rates; ii) Hedging impact is excluded.
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.