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Investor Presentation December 2019 Disclaimer

This presentation and question and answer session contain certain “forward-looking statements” or “forward-looking information” under applicable securities laws. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “target,” “believe,” “plan,” “outlook,” “estimate” or “expect” and other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements are based on certain key expectations and assumptions made by the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and expectations to differ materially from the anticipated results or expectations expressed in this Earnings Information. The Company cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected.

The risks that could cause actual results to differ materially from current expectations include, but are not limited to those set forth in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K which is available online under the Company’s EDGAR profile at www.sec.gov or on the Company’s website at www.maxar.com, as well as the Company’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online under the Company’s SEDAR profile at www.sedar.com or on the Company’s website at www.maxar.com. The risk factors detailed in the foregoing are not intended to be exhaustive and there may be other key risks that are not listed above that are not presently known to the Company or that the Company currently deems immaterial.

The forward-looking statements contained in this Earnings Information are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this Earnings Information or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements herein as a result of new information, future events or otherwise, other than as may be required under applicable securities law.

© 2019 2 Table of Contents

. Introduction

. Maxar Today

. Segment Overview

. Financial Performance

. Appendix

© 2019 Maxar Technologies 3 Maxar Today

© 2019 Maxar Technologies Overview of Maxar Today Imagery REV: $845M Services Adj. EBITDA: $518M REV: $266M . Leader in Earth Intelligence and Space Systems, Adj. EBITDA: $25M providing geospatial data and analytics, satellites, space robotics, and space infrastructure to commercial and government customers globally

. Strong alignment with: − US National Defense Strategy − Missions of International Defense and Intelligence FY18 customers Revenue − Evolving requirements of civil government customers $2.1B − Pursuit of innovation with commercial customers

Customer Type 1 Offering Type 1 Geography 1 Space Systems US Gov’t Int’l Gov’t Products U.S. 64% 4% REV: $1,129M 42% 40% Adj. EBITDA: $5M

7% 60% 1% 54% Other 6% Services 6% 16% South Commercial America Europe Asia

© 2019 Maxar Technologies 5 1 Figures shown per 2018 results as disclosed in MAXR’s FY2018 SEC Form 10-K. Large and Growing Addressable Markets

US International Commercial Government Governments

. Persistent global security . Persistent global security . Strong imagery demand driven threats threats by new use cases enabled by Artificial Intelligence (AI) and . Rising defense budgets . Rising budgets Machine Learning (ML) . Increasingly seeking to use . Imagery and insights in great . Space-based remote-sensing viable commercial alternatives demand pipeline experiencing growth . Imagery and insights in great . Space is a focus of investment . LEO constellations underway demand (OneWeb) and in the pipeline . Nascent but growing services (Telesat) . Space is a focus of investment opportunities

© 2019 Maxar Technologies 6 Hundreds of Diverse and Complex Customers Globally

Government Customers Commercial Customers

© 2019 Maxar Technologies 7 We are a Market Leader, Serving Customer Missions with our Industry-Leading Capabilities

1 Customer Value Chain

Components SubsystemsSystems Data/Products Services/Solutions

2 Space Systems Earth Intelligence (MDA & Space Solutions) (Imagery & Services)

Satellite Space Satellite System Ground Highest Quality Geospatial Platforms Hardware Robotics Integration Integration Systems Geospatial Data Services, & Products Analytics and Solutions

3 Maxar Franchise Products / Contracts

Antennas Robotics Satellites Imagery GEOINT Platforms Services LEO / GEO - - 1300 Class - EnhancedView - SecureWatch - SBIR Phase III - Psyche - Legion Class - Direct Access - Global-EGD - Restore-L - Radar Satellites - Rapid Access - Mosaics - Optical / SAR Images

© 2019 Maxar Technologies 8 Segment Overview

© 2019 Maxar Technologies Imagery Overview

Key Business Metrics . Native 30cm resolution imagery . Delivering high-resolution imagery and radar data sourced from Satellite . Advanced multispectral capabilities 2018 Revenue: Maxar’s own advanced satellite constellation and third-party providers Imagery including short-wave infrared (SWIR) $845M . Global leader: Highest-resolution, commercially-available imagery . 18-year, 100 petabyte image archive with 100 petabyte historical image library . Platform: Integrated into customer workflows Adj. EBITDA . Scalable cloud-based environment Margin: . Reducing capital intensity: WorldView Legion constellation build 61.3% . Extending technology lead: Higher revisit, more insights at scale . Machine learning and computer vision Analytics algorithms . Content sources: Maxar EO Satellites, Landsat, -2 SAR

. Advanced Elevation Suite Information . Building Footprints Products . Telco Geodata

. Global - Enhanced Geospatial Delivery Subscription . SecureWatch Access . Spatial on Demand

© 2019 Maxar Technologies 10 Maxar Has the Market-Leading Capabilities

Resolution Geolocation Accuracy Revisit Collection Capacity / Scale / Agility

. High resolution enables . Radial distance from the true . Increased collection . Contributing factors in determining the number customers to see objects geo-location coordinates, opportunities of orbital passes required to collect an area of invisible to other providers reducing the need for over areas of highest interest, interest verification unlocking monitoring and change-detection capabilities 100km x 100km (~Denver metro area) Resolution Native Accuracy ~1 pass to Maxar (WorldView) 30-50cm Maxar < 5m Maxar <60 min capture Denver Airbus (Pleiades) 70cm Airbus (Pleiades) <10m Closest competitor < 90 min with WV-2 Planet (SkySats) 80cm Planet (Doves) > 100m Planet (Doves) 3-5m

5m 15m 25m ~250 to 400 points to capture with SmallSat competition Requires 40-80 satellite passes to image all of Denver

Resolution quality provides Future constellation improves Best-in-class geolocation Leading agility, enabling mission flexibility strong competitive current revisit times, while accuracy (i.e. both targets and mapping) advantage relative to peers maintaining quality

© 2019 Maxar Technologies 11 Key Competitive Advantage of Image Resolution Quality of Image Resolution Matters – Comparison to Peers

Planet Labs Image (tweeted by Secretary Pompeo) Maxar Image

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© 2019 Maxar Technologies 12 Highlights of Key Programs by Customer Market

US Government International Governments

EnhancedView Follow-On SBIR III Predictive Analytics Data Products

. $300M/year Service Level Agreement (SLA) contract for . Supporting efforts across NGA . Customers maintain a complete, current understanding of their full access to Maxar high-resolution imagery that provides to enable rapid collaborative region of interest through the purchase of country to continent scale steady, predictable revenue mapping for thousands of mosaics, elevation models, and other data sets credentialed users and apply . At time of transfer, NRO added three more option years to machine learning and data the contract (through August 2023) analytics to to SecureWatch automate and augment intelligence analysis . Online, subscription service for defense and intelligence customers, Global EGD delivering web-based access to Maxar’s complete optical imagery library and RADARSAT-2 images over select global sites . Provides easy access to Maxar’s full archive of imagery for Janus Geography . Subscribers have access to fresh imagery as it is collected, the ability Warfighters, first responders, and map-makers in a ready-to- to integrate the service via APIs into their workflow, exploit imagery via use format on unclassified and classified networks . Maxar was one of ten companies that won a Prime proprietary algorithms, and order imagery for offline delivery . SLA with predictable revenue of roughly $44M/year contract for Janus during 2018. The IDIQ contract, with a 10- . Maxar recently negotiated a four-year contract with NGA, Rapid Access Program (RAP) which provides greater insight into future USG revenue year period of performance has a maximum ceiling of streams (through August 2023) . RAP delivers the highest commercially available collection priority, $920M predictable access, plus virtual control of imaging operations to help meet mission requirements — all from any location on Earth DORE . Deliverables include geospatial intelligence products to the . RAP serves defense and commercial customer missions requiring . Provides technology development and analytics support to warfighter and topographic and intelligence on demand to fulfill low latency, high resolution mission the Defense Intelligence Agency (DIA) Science & human geography data content requirements. RAP is a satellite access minutes-based subscription Technology Directorate management service that launched in 2018

© 2019 Maxar Technologies 13 Highlights of Key Programs by Customer Market (cont)

International Governments (cont) Commercial

Direct Access Program (DAP) SecureWatch

. Through an emphasis on security, a high level of service, and Maxar’s . Online, subscription service for broad commercial customers including civil fastest available throughput from collection to product, the Direct Access governments, non-governmental organizations, and location-based information Program gives customers the ability to integrate the DigitalGlobe companies constellation with their existing source architecture without the cost of resource burden associated with satellite ownership . Delivers web-based access to Maxar’s complete optical imagery library and broad area image mosaics which are routinely constructed from the best images . DAP primarily serves international defense and intelligence customers, but it is available to all market segments. DAP is comprised of satellite access minutes-based subscriptions and yearly operations and Vivid and Metro Mosaics maintenance where these combined programs total $100M+/yr in revenue . Large technology, automotive, and global public sector customers purchase city, country, and continent scale imagery mosaics to support map making, infrastructure projects, context in their platforms, and many other use cases Consulting Services and Software . Accuracy, resolution, currency, and scale of these products lead the industry • Growing market for services, consulting and software for international defense customers

• To provide actionable insights from geospatial data leveraging heritage Data Products developed in the . Customers purchase imagery-derived products such as elevation models, building footprints, road networks, railroad networks, and other AI/ML supported feature extraction vector layers

© 2019 Maxar Technologies 14 Growing the World’s Most Advanced Constellation

Maxar’s constellation supports a wide range of applications across defense & intelligence, civil government, and a variety of commercial industries

Annual collection capacity is approximately 1.4B square kilometers, with an image library of 100 petabytes

© 2019 Maxar Technologies 15 Overview of WorldView Legion Program

WV-Legion is a fleet of six high performance satellites Expected Benefits that is expected to dramatically expand Maxar’s ability to . WV-Legion will complement customers’ existing revisit the rapidly changing areas on Earth to better Complete coverage and fill important gaps for defense and inform critical, time-sensitive decisions: Coverage military applications

 Launches in 2021 . High frequency collection of leading resolution Accurate imagery powers significantly more accurate, Mapping comprehensive, and timely mapping for a clearer  Will revisit most rapidly changing areas more than 15x understanding of on-ground conditions, globally per day (inclusive of the current constellation), an increase from 4x per day . Offers more frequent monitoring for defense/intelligence, enhanced support of Monitoring  Expected to triple capacity to collect 30 cm imagery emergency response, maritime surveillance, infrastructure, and other remote monitoring needs  Expected to triple overall capacity over high-demand . The revisit rate enables more real-time, actionable areas Analytics at analysis to deliver insights on rapidly changing Scale environments and populations  Expected to provide highest image quality and geometric accuracy available Delivery of . Increases ability to collect 30 cm GSD over more Resolution metro areas and improves the annual refresh rate  Designed to be compatible with global infrastructure and access programs for Maxar customers The Earth in . Agility and high data quality should substantially 3D increase the ability to model the Earth in 3D

© 2019 Maxar Technologies 16 WorldView Legion Constellation Expected Costs are >60% Lower Than On-Orbit Satellites Original Costs

(USD in millions) Factors Contributing to Lower Cost for WV-Legion 1800 Historical CapEx Current CapEx . Leveraging many “new space” components, including highly 1600 integrated microelectronics and sensors

1400 . WV-Legion constellation gives Maxar scale manufacturing benefits 1200 . Satellite construction, instrument and launch costs have 1000 been declining overall

. Manufacturing brought in house: Space Systems is prime 800 contractor for WV-Legion (Ball Aerospace and Lockheed Martin were primes for previous satellites) 600 . WorldView-4, acquired as part of the GeoEye acquisition, 400 had a longer build cycle than other Maxar satelites

200 . Future production of Legion satellites will benefit from non- recurring 0 WV1/WV2/GeoEye WV3/WV4 WV-Legion Constellation

GeoEye WV1 WV2 WV3 WV4 LG1

© 2019 Maxar Technologies 17 Services Overview

Key Business Metrics . Sensor Modeling & Systems Engineering & Prototyping . Provider of advanced geospatial information, applications, and analytic Sensor & . Constellation Modeling & Mission 2018 Revenue: services to national security and commercial customers Ground Management $266M . Unique Talent: Cleared developers, analysts, and data scientists Modernization . Tactical Remote Ground Terminals . Strong Prime Contracts: 82 prime contracts drive 70% of our revenue . GEOINT Processing, Cataloging, . Robust Funded R&D: Approx. $100 million per year of funded R&D Adj. EBITDA Discovery & Access Margin: . Unique Technology: 65 active patents and SBIR Phase III Data Rights 9.4% . Commercial Velocity: Dozens of deployments on AWS and NVIDIA . Sensor Data Enrichment . Land Classification Data to . Persistent Change Detection Insight . Automated Feature Extraction & Object Detection . Foundational GEOINT Product

. Interactive Mission Planning . Geospatial Data Visualization Agile Intelligence . Predictive Analytics . Advanced Tradecraft and Agile Intelligence

© 2019 Maxar Technologies 18 Commercializing US Government Program Capabilities

Terrain Analytics as a Service Mapping as a Service

Object Detection as a Service Geospatial Data as a Service

© 2019 Maxar Technologies 19 Space Systems Overview – MDA & Space Solutions

Key Business Metrics . Communications GEO . MEO Satellites . LEO . Supplier of space-based and ground-based infrastructure and information 2018 Revenue: solutions to gov’t agencies and satellite operators and manufacturers $1.1B . Market leading positions: Commercial communications and radar . Earth Observation . Signals Tracking satellites; satellite antennas, electronics and payloads; space robotics Satellites . End-to-end systems for commercial space imagery . Satellites Adj. EBITDA . Accelerating growth: Successfully pursuing new US Government space Radar Margin: . Radar Imagery and SmallSat opportunities Satellites . Services NM . Strong cost position: Optimizing manufacturing infrastructure

. Robotic manipulators Robotics . Rovers . Visual sensor systems

Satellite . Merchant antenna and components Components & . Engineering design and production Payloads

Satellite Ground . Earth Observation Stations . Optical and Radar Imagery

. Complex systems engineering, Defense development and support Systems . ISR, EW, Command & Control, Communications

© 2019 Maxar Technologies 20 Space Solutions Strategy Update

No Longer Single-Threaded to the Commercial GEO Comsat Market

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

US and and Int’l US Civil . Future efforts focused on NASA . Leader in multiple mission sets . Customer alignment: including communications, earth space exploration / earth science Commercial Market Commercial observation, and robotics missions and programs with − Space and Cyber: Resilient other civil agencies within the US space assets and operations and int’l governments US National Programs National US Legacy In Process Future

© 2019 Maxar Technologies 21 MDA has a Large Pipeline of Opportunities

Three key programs that are in the pipeline and will be best-positioned for a Canadian company

Canadarm3 Canadian Surface Combatant Telesat LEO Constellation

Canadian government committed to providing Canada’s planned recapitalization of its Naval Canadian satellite operator looking to expand robotic arm on NASA’s fleet from GEO into LEO . MDA built Canadarm1 for NASA’s . MDA is partnered with Lockheed . MDA / Space Solutions business is a Space Shuttle program and Martin, the prime on the contract long-time supplier to Telesat Canadarm2 for the International Space Station . Company will provide the electronic . The Canadian government’s . Well-positioned to be awarded the full warfare suite for the ships investment in this program is driving opportunity given heritage and space demand for Canadian companies to robotics expertise, evidenced by 2 . Export opportunities to other countries participate recent contract awards for Phase A of may exist once initial units are Gateway External Robotic Interface shipped project

© 2019 Maxar Technologies 22 Financial Performance

© 2019 Maxar Technologies Recent Challenges

Stabilization of Space 1 2 Temporary lull in major Solutions / positioning for Canadian projects growth

High Current Leverage

3 Loss of WorldView-4 4 Re-engineering and ahead of WV-Legion optimization of operating model constellation in 2021 post merger

© 2019 Maxar Technologies 24 Progress against near-term priorities

• Sale / Lease back of Palo Alto facility for $291M 1 Reduce debt and leverage • Extended maturities through recent bond offering • Continue to drive on alternatives to reduce leverage and debt levels

• Improved performance: 3Q19 Adj. EBITDA ($3.5M) vs 3Q18 of ($31.5M) 2 Re-engineer Space Solutions business (legacy SSL) • Executing diversity strategy into Civil and DoD/Classified markets • Several recent key wins (NASA PPE, Ovzon GEO Comsat, NASA Tempo)

• Several recent wins include: Phase A of Gateway External Robotic Interfaces for Canadarm3, design contract for wildfire monitoring satellite 3 Position MDA for long-term growth with Canadian government, and award for navigation antennas with Airbus • Work on Canadian Surface Combatant (CSC) has begun • Pipeline includes Canadarm3, Telesat LEO, and CSC production contract • Q/Q and Y/Y growth in Revenue and Adj. EBITDA in 3Q19 4 Position Imagery and Services for long-term growth, drive Imagery to • Recent Wins: Four-year Global-EGD contract with NGA, additional country flat revenue & Adj. EBITDA in 2019, & recover insurance proceeds for added to Rapid / Direct access installed base, GEOINT Cloud Architecture WV-4 for US Air Force, several classified awards • Robust pipeline across USG, IDI, and Commercial markets • Reshaping and restructuring continues 5 • Deploying new operating model: Product teams working across the Reduce cost structure / Deploy new operating model company, global Field Operations building and executing on robust pipeline, Marketing / Branding move to Maxar / MDA Finance / Operations consolidating / streamlining

© 2019 Maxar Technologies 25 Quarter-over-Quarter Adj. EBITDA Trends by Segment

Historical Adj. EBITDA Commentary Quarterly Historical Adjusted EBITDA Performance

Quarterly trends over the course of 2018 and Space Systems Imagery Services Corporate & Other YTD 2019 illustrate recent challenges and responses to them: $151 $129 $128 . Imagery: Loss of WV-4 satellite in Q4 2018 $4 $133 $6 $9 caused an initial decline but has been offset $6 $105 $117 by cost initiatives and the growth of non- $9 $84 $7 capacity related revenue $6

. Space Systems: Trough performance in Q3- $134 Q4 2018 as re-engineering efforts and recent $123 wins have the desire effect on financial $133 $140 $121 performance $129 $122

. Services: Modest, but consistent, improvement as backlog continues to grow and is converted to new revenue $28 $28 $13 $10 $11 ($7) ($29)

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19

© 2019 Maxar Technologies 26 Cash Flow Transformation

. 2019 cash flows positively impacted by insurance proceeds ($183M) but negatively impacted by several factors:

 Cash burn at Space Solutions prior to the repositioning effort

 Cash restructuring costs

 Loss of contribution of WV-4 to Imagery business

 Peak CapEx as WorldView Legion moves towards launch in 2021

. Future cash flows will be driven by:

 Normalized CapEx

 Adj. EBITDA growth as Legion launches, Services business executes on recent backlog growth, and diversification strategy in Space Systems segment takes hold

 Roll-off of one-time items

© 2019 Maxar Technologies 27 Capital Allocation & De-Leveraging Strategies

. Continue to drive on alternatives to reduce leverage and debt levels both organically and inorganically

. While not fully inclusive, the below list provides key initiatives currently underway:

1− Asset Sales − Palo Alto real estate − Other assets

2− Streamlining processes and costs − Remove duplication and improve processes to increase efficiencies − Begun in 2019 and continuing onwards

3− Third party payments for satellites as an option to reduce capital intensity

. In the near term, all Free Cash Flow generation will be focused on reducing debt balances

1 Free Cash Flow defined as Cash Flow from Operations less Capital Expenditures (i.e. Purchase of © 2019 Maxar Technologies 28 Property, Plant, and Equipment and Purchase/Development of Intangible Assets) Multi-Year View

. De-lever and reduce debt . De-lever and reduce debt . Top-line growth − Higher Imagery capacity . Space Solutions (ex. SS): Re- . Space Solutions: Position for − Advanced analytics products engineer growth by addressing − Canadian space & defense Commercial, Civil, and DoD / − US & International services . MDA: Position for growth via Classified markets − Commercial, Civil, DoD / new wins Classified space . MDA: Growth driven by . Margin expansion Canadian space and defense + . Imagery: Drive to flat revenue − Mix and execution commercial and Adj. EBITDA − Product / services adoption − OpEx leverage . Services: Execute on growing . Imagery: Growth driven by backlog subscriptions / products . Lower capital intensity − Smaller manufacturing & . Services: Execute on backlog + satellite capital footprint

Reset and and Reset Stabilize . Deploy new operational model new wins driven by AI/ML − Further penetration of services

Returning Returning to Growth / product offering . Peak satellite CapEx / Optimize Accelerate . Declining satellite CapEx . Optimize capital structure Underway Medium-Term Longer-Term

© 2019 Maxar Technologies 29 Key Takeaways

.1 Driving towards top-line growth − Expanding government and commercial markets; aligned well with National Defense Strategy − Unique capabilities and franchises across Earth Intelligence and Space Systems − Flexible and agile commercial approach to move fast in addressing customer requirements

.2 Levers to expand profits and cash flow − Re-engineering and variablizing cost structure − Improving mix and productization of services − Stabilizing Space Solutions

.3 Moving toward a lower capital intensive model that can drive ROIC higher − Smaller capital footprint across manufacturing and satellite operations − Lower cost WV-Legion constellation nearing launch − Rapid Access, SecureWatch, Global-EGD, etc.

.4 Committed to maintaining financial flexibility in order to address growth opportunities − Expected to have minimal growth/expansionary CapEx post WV-Legion build − Focus on reducing leverage over time (<4.0x net debt-to-Adj. EBITDA target over time) 1

© 2019 Maxar Technologies 30 1 Refer to ‘Forward-Looking Statements’ on page 2. Appendix

NON-GAAP FINANCIAL MEASURES

See supplemental financial information found on the company’s website www.maxar.com for reconciliation of the non-GAAP financial metrics found in this presentation. In addition to results reported in accordance with U.S. GAAP, we use certain non-GAAP financial measures as supplemental indicators of our financial and operating performance. These non-GAAP financial measures include EBITDA and Adjusted EBITDA.

We define EBITDA as earnings before interest, taxes, depreciation and amortization, and Adjusted EBITDA as EBITDA adjusted for certain items affecting comparability as specified in the calculation. Management believes that exclusion of these items assists in providing a more complete understanding of our underlying results and trends, and management uses these measures along with the corresponding U.S. GAAP financial measures to manage our business, evaluate our performance compared to prior periods and the marketplace, and to establish operational goals. Adjusted EBITDA is a measure being used as a key element of our incentive compensation plan. The Syndicated Credit Facility also uses Adjusted EBITDA in the determination of our debt leverage covenant ratio. The definition of Adjusted EBITDA in the Syndicated Credit Facility includes a more comprehensive set of adjustments.

We believe that these non-GAAP measures, when read in conjunction with our U.S. GAAP results, provide useful information to investors by facilitating the comparability of our ongoing operating results over the periods presented, the ability to identify trends in our underlying business, and the comparison of our operating results against analyst financial models and operating results of other public companies.

EBITDA and Adjusted EBITDA are not recognized terms under U.S. GAAP and may not be defined similarly by other companies. EBITDA and Adjusted EBITDA should not be considered alternatives to net income (loss) as indications of financial performance or as alternate to cash flows from operations as measures of liquidity. EBITDA and Adjusted EBITDA have limitations as an analytical tool and should not be considered in isolation or as a substitute for our results reported under U.S. GAAP.

© 2019 Maxar Technologies Glossary of Terms

AI Artificial Intelligence EGD Global Enhanced GEOINT Delivery JPL Jet Propulsion Laboratory RCM RADARSAT Constellation Mission

APAC Asia Pacific EMEAR Europe, Middle East, Africa, and Russia LEO Low-Earth-Orbit RFP Request for Proposals

API Application Programming Interface EO Earth Observation MAXR Maxar Technologies Inc. ROIC Return On Invested Capital

AWS Amazon Web Services ESRI Environmental Systems Research Institute MDA MacDonald, Dettwiler & Associated RMSE Root Mean Square Error

Command, Control, Communications, C4ISR Computers, Intelligence, Surveillance EVFO EnhancedViewFollow-On MEO Medium Earth Orbit SaaS Software as a Service and Reconnaissance

CaaS Content as a Service EW Electronic Warfare ML Machine Learning SAR Synthetic Aperture Radar

National Aeronautics and Space CAGR Compound Annual Growth Rate G-EGD Global Enhanced GEOINT Delivery NASA SBIR Small Business Innovation Research Administration

US National Geospatial-Intelligence CM Centimeter GEO Geostationary NGA SLA Service Level Agreement Agency

CMG Control Moment Gyro GEOComm Geostationary Communications NGO Non-Governmental Organization SQKM Square Kilometer

CSA GEOINT Geospatial Intelligence NOME NGA Open Mapping Enclave SS Space Solutions

DAP Direct Access Program GSD Ground Sample Distance NRO National Reconnaissance Office SWIR Short-Wave InfraRed

Defense Advanced Research Projects Tropospheric Emissions: Monitoring of DARPA HERE Here Technologies NVIDIA Nvidia Corporation TEMPO Agency Pollution

DGI DigitalGlobe IDI International Defense & Intelligence OpEx Operating Expense UAV Unmanned Aerial Vehicles

DHS U.S. Department of Homeland Security IDIQ Indefinite-Delivery/Indefinite-Quantity OWT One World Terrain USG United States Government

Intelligence, Surveillance, and DIA Defense Intelligence Agency ISR PPE Power and Propulsion Element VAS Value-Added-Service Reconnaissance

DoD Department of Defense ISS International Space Station RAP Rapid Access Program WV WorldView

© 2019 Maxar Technologies 32 Adjusted EBITDA Reconciliation

Note: $ in millions.

© 2019 Maxar Technologies 33 1 The LTM and YTD 9/30/19 periods include $3M of CEO severance. Management Biographies

Dan Jablonsky - President and Chief Executive Officer . Appointed January 2019 and was previously President of DigitalGlobe (“DGI”) since October 2017, when it became part of Maxar Technologies. He joined DGI in 2012 as Senior Vice President, General Counsel and Corporate Secretary, and also held the role of General Manager, International Defense & Intelligence from 2015 to 2017 . Prior to DGI, was a shareholder at Brownstein, Hyatt, Farber, Schreck, LLP where he practiced corporate and securities law, served as Interim Co-General Counsel of Flextronics International. Mr. Jablonsky previously served in the enforcement division of the SEC, and practiced corporate and securities law with O’Melveny & Myers LLP . Prior to law school, Mr. Jablonsky was a surface warfare officer and nuclear engineer in the U.S. Navy

Biggs Porter - Executive Vice President and Chief Financial Officer . Joined Maxar Technologies in August 2018 and prior to Maxar, spent five years as Executive Vice President and CFO at Fluor Corporation, and six years as CFO of Tenet Healthcare Corp. Earlier in his career, he held leadership positions at Raytheon, and TXU . He was twice named one of the 100 most influential people in finance by Treasury and Risk magazine, and was ranked as the top CFO in the engineering and construction industry by Institutional Investor magazine

Randy Lynch - Senior Vice President, Finance, Treasurer and Corporate Development . Joined Maxar in April 2018 after its acquisition of DigitalGlobe and prior to this role, served as Senior Vice President and Chief Financial Officer for DigitalGlobe . Prior to joining Maxar, Randy has 24 years of investment banking experience. He was previously the Head of Aerospace & Defense at Bank of America Merrill Lynch and at Morgan Stanley

Jason Gursky - Vice President, Investor Relations

. Jason was most recently the senior US aerospace and defense analyst with Citigroup, where he was named a top stock picker and top earnings estimator in the space by Thompson Reuters in recent years . Previously he has covered technology supply chains for JPMorgan and held various management roles in the telecommunications sector

© 2019 Maxar Technologies 34 MAXAR.COM