Telesat (TSAT) Investor presentation summary

Investment highlights

• Leading global satellite operator with C$446M LTM GEO revenue and C$322M LTM GEO Adjusted EBITDA.

• Developing an advanced enterprise-class LEO network targeting a US$320B addressable market.

• 156+ next-generation satellites planned, with a 72% GEO Adjusted EBITDA margin and C$900M GEO backlog.

• Fully funded for global service with US$3.8B and C$1.1B LEO backlog.

Market opportunity and demand

• Global data traffic is growing rapidly, with a 27% CAGR from 2019 to 2027.

• LEO market TAM projected at US$650B by 2032, with enterprise segment at US$320B.

• Demand driven by AI, 5G, cloud, and secure government communications.

• Governments and large enterprises are rapidly pivoting to LEO for resilient, sovereign connectivity.

Telesat Lightspeed network

• Designed for mission-critical enterprise connectivity with low latency (30–50 ms) and high capacity.

• Features optical inter-satellite lasers, software-defined networking, and Ka-band antennas.

• Offers MEF 3.0 compatibility, industry-leading SLAs, and flexible user terminal solutions.

• Scalable global network with dynamic traffic routing and optimized orbits.