Space Infrastructure Overview Megan Fitzgerald, SVP and GM, Space Infrastructure a Rich Heritage in Space

Space Infrastructure Overview Megan Fitzgerald, SVP and GM, Space Infrastructure A rich heritage in space

. From the Apollo missions… . …to the Artemis program − Built the NASA Mission Control Center − Power and Propulsion Element (PPE) − Built the command receiver and transmitter on − Sample Acquisition, Morphology Filtering and the scientific experiment packages sent to the Probing of Lunar Regolith (SAMPLR) Robotic Arm Moon for Lunar Lander − EASEP deployed on Apollo 11 − ALSEP deployed on Apollo 12

. Commercial leader for more than 50 years…

− 30% GEO Comsat market share

− Extensive history of performance and reliability

− 280+ satellites launched

− Most on-orbit GEO satellites in the industry

− 92 GEO satellites currently on-orbit

. …while supporting the US Government

− DARPA PODS (2018)

− LADEE Propulsion System (2013)

− MILSATCOM concepts (2013)

− Solar Dynamics Observatory (2010)

− GRACE (2002) and GRAIL (2011)

Capabilities Offerings Differentiation Competitors

. Spacecraft hardware, software, and . Communications and Earth . Price, performance, and quality . Boeing, Lockheed, Northrop, components observation satellites that bridge Airbus, Thales Alenia Space LEO, GEO and deep space . Power and propulsion . System integration orbits . Flexible, modular spacecraft . Spacecraft/payload integration . Space exploration mission spacecraft . Space robotics . On-orbit satellite servicing vehicles . Robotics for ongoing space operations and exploration

Tenure @ Maxar ~1,600 technical staff

Deliveries Awards

. PPE . PSN VI . Intelsat 40e . EUTELSAT 7C . TEMPO . Intelsat 39 . Ovzon 3 . Mars 2020 Sample Handling Arm . SPIDER robotic arm . RSGS Robotic Arm . SAMPLR robotic arm

. GEO communications satellites: 7 in current backlog . LEO satellites: 13 in current backlog . WorldView Legion, which will expand Maxar’s leadership in Earth observation − Will triple our capacity to collect 30-cm imagery − Will triple coverage over high-demand areas

. Psyche interplanetary program . NASA Restore-L program . NASA Power Propulsion Element program . Space Infrastructure Dexterous Robot (SPIDER) . TEMPO hosted payload . SAMPLR

. Robotics − Developed technologies to improve space architecture resilience, focusing on On-Orbit Servicing, Assembly, and Manufacturing (OSAM) − Delivered RSGS flight model robotic arm to DARPA in 2019, continuing to perform engineering model life testing

. Studies − Identify and analyze performance characteristics of an antenna assembled in space using Space Infrastructure’s iSRAMAR technology − Targeted as enhanced mission for SPIDER with accommodation on Restore-L − Evaluated multiple teaming opportunities with instrument providers for a Maxar bus as the host

13.2%

2018: $823M 86.8%

21.5% 2017 2018 2019

2019: Revenue $932M $823M $706M $706M Adjusted EBITDA1 78.5% ($59M) ($75M) ($17M)

2020E: Flat to SI Revenue,by CustomerSegment SI modest growth Commercial Revenue Government Revenue

1 2

Reduced headcount 17% over two years Reduced footprint by 23% over two years

Stability and more predictable outcomes 3 4 Began diversification efforts Moving toward a less vertically into Civil and DoD / Classified integrated manufacturing model markets

No Longer Single-Threaded to the Commercial GEO Comsat Market

. 60+ year heritage dating back to the . Long history with NASA and varied civil . Capabilities: Apollo missions labs − Two classes of modular satellite architectures: 1300 and Legion . 92 GEO Comsats currently on orbit and . Leadership in robotics, spacecraft, and on 280 launched orbit servicing including Mars rovers, − Communications, earth observation RSGS, Psyche, and Restore-L and customer defined mission sets . Leader in traditional and high-throughput − Space Robotics communications satellites . Leadership in solar electric propulsion, − Solar Electric + Chemical Propulsion including the Power Propulsion Element . Two classes of modular satellite for NASA’s Artemis project − Cyber-secure systems architectures: 1300 and Legion Commercial . Future efforts focused on NASA space . Customer alignment: . Leader in multiple mission sets including exploration / earth science missions and − Space and Cyber: Resilient space programs with other civil agencies within

communications, earth observation, and US and Int’l Civil assets and operations robotics the US and int’l governments US US National Programs

Legacy In Process Future

Government investment cycle in space ($bn) programs is driving growth $90

. World governments are in the early stages of a $85 10-year growth cycle for space programs $80 . As space becomes an increasingly contested domain, government spending in space, especially $75 $84.6 defense spending, will increase $70 . The increased need for survivable and redundant $65 $70.9 EO solutions will increase demand for constellation launches, rather than single asset launches $60 2018 2025E

Source: Euroconsult

LEO proliferation & GEO Comsat Recovery . Overall satellite manufacturing market to experience Overall # of Satellites (>50kgs) Launch Forecast a 3x increase in the number of satellites over the 2017 Satellites Launched next decade (1) . Maxar is well poised to compete in this growing, addressable market with both the 1300 and Legion buses for GEO, MEO and LEO satellite launches . Commercial markets expected to drive additional launch growth, especially in LEO & MEO . More GEO satellite proposals have been received this year than expected, signaling that the market has reached its bottom

Source: Euroconsult (1)Excludes satellites less than 50 kilograms

• SPIDER award ($142M) for NASA a good start to the year Drive further revenue diversification 1 • Several civil and commercial programs in the pipeline

• On cost Complete WorldView Legion satellite production 2 • On time

• Keenly focused on unprofitable /underperforming projects 3 Deliver on other backlog programs • Manage workload and headcount

• Supply chain 4 Continue transformation efforts • Operational efficiencies

. Palo Alto Campus (Spacecraft AIT and . San Jose Facility Bulk of Personnel) − Manufacturing for solar array, battery, − Two spacecraft TVAC chambers harness, and thermal blankets

− Spacecraft vibe table − Flight software labs

− Four large high bays (B5, B6, B6A, B18) − Main stores

− Manufacturing for bus electronics, RF electronics − Legion-class assembly and test area