Maxar September 2021 Investor Presentation

© 2021 Maxar Technologies 1© 2021 Maxar Technologies

Maxar

September 2021 Investor Presentation

Company Proprietary – External Recipients

© 2021 Maxar Technologies 2

Caution concerning forward-looking statements

This presentation and associated webcast, which includes a business update, discussion of financial results, financial outlook and question and answer session

(collectively, the “Earnings Information”), 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,” “guidance” 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 the 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 Risk Factors set forth in our Annual Report on

Form 10-K and Quarterly Reports on Form 10-Q, which are 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 identified that are not presently known to the Company or that the Company currently deems

immaterial. These risks and uncertainties are amplified by the global COVID-19 pandemic, which has caused and will continue to cause significant challenges,

instability and uncertainty.

The forward-looking statements contained in the 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 the 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.


© 2021 Maxar Technologies 33© 2021 Maxar Technologies 3© 2021 Maxar Technologies 3

Maxar is a world leading

space technology and intelligence company.

We unlock the promise of space to help customers

solve problems on Earth and beyond.



Maxar Today

Global Footprint and Capabilities

4,400 employees across 20 locations globally,

serving customers in more than 70 countries worldwide

Overview

$2.3B / $4.6B1 Mkt. Cap / EV

$1.7B 2020 Revenue

$422M 2020 Adj. EBITDA2

▪ Leader in Earth Intelligence and Space Infrastructure

▪ Multifaceted capabilities across geospatial data and analytics,

satellites, space robotics and space infrastructure

▪ Long-standing relationships with government and commercial

customers globally

▪ Strong alignment with U.S. government, international defense,

civil government and commercial customers

International Locations

Tokyo,

Japan

Singapore,

Singapore

London,

U.K.

HQ: Westminster,

Colorado

1 Market data as of 07-Sep-20212 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in the Appendix to these earnings slides

Linköping,

Sweden



Satellites, Space Programs and Robotics

▪ 1300 class spacecraft bus

▪ Modular satellite architectures

▪ Power & Propulsion Element

Imagery

▪ EnhancedView

▪ Direct/Rapid Access

▪ 3D and AR Clouds

▪ Basemaps

Platform and

Analytics

▪ SecureWatch

▪ Global-EGD

▪ One World Terrain

Services

▪ SBIR Phase III

▪ NOME

▪ Project Kelly

▪ DORE

Space Infrastructure Earth Intelligence

▪ Highest quality geospatial data & products

▪ Analytics platforms

▪ Geospatial services, analytics and solutions

COMPONENTS SYSTEMSSUBSYSTEMS DATA / PRODUCTS SERVICES / SOLUTIONS

▪ Satellite hardware

▪ Space robotics

▪ Satellite integration

▪ System integration

MAXAR FRANCHISE PRODUCTS / CONTRACTS

Integrated Solutions Across the Customer Value Chain

▪ Psyche (planetary exploration)

▪ OSAM-1 (on-orbit refueling and

assembly)

▪ Mars robotic arms



▪ Communications and Earth

observation satellites

▪ Space exploration mission

spacecraft

▪ On-orbit satellite servicing vehicles

▪ Robotics for ongoing space

operations and planetary

exploration

▪ Multi-year contracts and

support services

▪ Electro-optical, high-resolution

satellite imagery

▪ Sensor and ground system

optimization for near real-time

geospatial insights

▪ Mission ready geospatial

intelligence (GEOINT)

▪ Largely recurring, multi-year

contracts

▪ Big data platform and tools

▪ Artificial Intelligence and Machine

Learning (AI/ML) and data

analytics at global scale

▪ Multisource data enrichment

and analysis

▪ Geodata layers and information

products

▪ Largely recurring, multi-year

contracts

Space Infrastructure40%

2020 Rev.

What We Do:Data Generation, Data Analytics / Platforms and Space Infrastructure

Data Analytics / Platforms

Earth Intelligence 60%2020 Rev.Data Generation



SegmentScale and Profitability(1)

(Revenue / Adj. EBITDA(2) Margin)Customer Mix(1)

Earth

Intelligence$1,081M / 47.5%

Space

Infrastructure$721M / (0.4)%(3)

Notes: (1) Profitability and customer mix shown as of FY2020. (2) This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in the Appendix to these slides.

(3) 2020 revenues impacted by $27M of estimated COVID-19 related EAC growth during the period. These costs are considered incremental and separable from normal operations.

U.S. Federal Gov’t

and Agencies

Commercial

and Other

We Serve Discriminating Government and Commercial Customers

in More Than 70 Countries

72%

28%

Government

Commercial

U.S. Federal Gov’t

and Agencies

Commercial

and Other

60%

40%

28%

72%


http://www.intelsat.com/


EARTH INTELLIGENCE SPACE INFRASTRUCTURE

Addressable

Segments

U.S. Government –

International Government – CommercialCommercial – National – Civil

Maxar’s

Growth Strategy

▪ Expand relationship across the U.S.

government

▪ Grow installed base and penetration of

international government customers

▪ Grow with and expand the installed base of

commercial customers across product breadth,

including services

▪ Leverage 3D data and 3D capabilities

▪ Grow U.S. national programs

▪ Deepen penetration of U.S. government

civil exposure

▪ Provide flexible solutions to commercial

customers

▪ Leverage communication expertise and volume

production heritage to capture demand in GEO

and LEO

Investments Made

to Drive Growth

✓ WorldView Legion

✓ Vricon acquisition

✓ Data platforms + AI/ML

✓ Space robotics

✓ Solar electric propulsion

✓ Modular architecture / Smaller spacecraft

buses

Summary of Our Growth StrategyFocused on Growing Segments Where We Can Be #1 or #2



U.S. Government International Governments Commercial

Maxar is Well-Positioned to Support the Customers We Serve

▪ Largest buyer of C4ISR and space

▪ National Defense Strategy outlines

importance of space, AI and ML

▪ Aggressive investment by other

nations is eroding U.S. competitive

advantage across IC and DoD

▪ NASA is investing in Earth science

and space exploration

▪ Buyers are embracing commercial

approaches to save time and

money

▪ Foreign partner nations are facing

similar mission challenges as the

U.S. government

▪ Lack the IP and human capital to

rapidly modernize space and

ISR architectures

▪ U.S. policies for space encourage

partnerships with allied nations

▪ Maxar’s playbook for building

strong imagery and ground

businesses can be extended into

value-added services

▪ Ubiquitous mobility and IoT are

driving demand for global

mapping and communications

solutions

▪ Technology and autonomous

navigation companies have

global mapping aspirations that

cannot be met by traditional

methods (unmanned aerial

vehicle and street-level

imagery)

▪ There is a race to provide high-

speed, low-latency broadband

connectivity across the globe

▪ Growing popularity in gaming

driving potential use cases



Space & Cyber C4ISR Missile Defense Joint LethalityForward Force

Resilience

Autonomous

Systems

Resilient space assets

and operations

Gain and exploit

information

Layered

missile defense

Ability to

strike

Ability to operate in all

domainsAutonomy, AI/ML

▪ Satellite design and

manufacturing

▪ Space robotics

▪ Space infrastructure

▪ Solar electric

propulsion

▪ Cyber-secure systems

▪ Modular architecture

▪ High-resolution

Imagery

▪ AI/ML providing

change detection

▪ Space-based sensors

▪ Direct downlink

▪ Analytics / cloud-

based products

▪ AI/ML providing

change detection for

early warning

▪ Affordable and secure

satellite buses

▪ Sensor platforms

▪ High resolution

elevation models

▪ Real-time Geo-

positioning

▪ 3D Imagery

▪ Shareable GEOINT

▪ Analytics / cloud-based

products

▪ High resolution

Imagery

▪ Direct downlink

▪ Crosslinks / interfaces

▪ Living maps

▪ 3D/P3DR/Point

Cloud capabilities

▪ AR/VR for simulation

and training

▪ High resolution imagery

▪ Co-registered mapping

data

▪ Space robotics

▪ AI/ML providing change

detection

▪ 3D/P3DR/Point

Cloud capabilities

▪ AR/VR for simulation

and training

Our Capabilities Solidly Align With the U.S. National Defense Strategy

Maxar Capabilities



Overview Capabilities Real-World Results

Earth

Intelligence

▪ Persistent global

security threats

▪ Rising budgets

▪ Imagery and insights in

great demand

▪ Space is a focus of

investment

▪ Nascent but growing

services opportunities

▪ Geospatial data and

products

▪ Machine learning and

analytics

▪ Defense services and

solutions

▪ Ground systems

Growing International Defense and Intelligence Demand




Earth

Intelligence

▪ NASA science efforts

focused on better

understanding our planet

▪ Other civil agencies

focused on emergency

preparedness and

response, urban planning

and regulatory

compliance benefit from

Maxar's capabilities

▪ Geospatial data and

products

▪ Machine learning and

analytics

Space

Infrastructure

▪ NASA exploration efforts

focused on deep space

align well with

Maxar’s capabilities

▪ Space robotics

▪ Solar electric propulsion

▪ Spacecraft buses

Multifaceted Opportunities With Civil Agencies




Earth

Intelligence

▪ Autonomous

applications

▪ Wireless network

planning

▪ Resource and logistics

planning

▪ Risk management and

Mitigation

▪ High-resolution imagery

▪ Mapping

▪ Change detection

▪ Data analytics and machine

learning

▪ Gaming, virtual reality and 3D

applications

Space

Infrastructure

▪ Voice and data

Communications

▪ Imagery

▪ Remote sensing

▪ Video distribution

▪ Broadband

▪ Digital radio services

▪ Satellite design


▪ LEO and GEO spacecraft

buses

▪ Ground systems


Commercial Demand Driven By Innovation and New Use Cases



EVFO NextWorldView Legion

Launches

Space Infrastructure

Transformation

3D / Platforms / Products

2020

Driving growth across the U.S. Government,

International U.S. Allied Nations and Large Commercial Tech

$25+

BillionFive-Year Pipeline

Across Earth

Intelligence

and Space

Infrastructure

2021

Sustained

Growth$1.9B in Bookings

Robust 5-Year Pipeline

Out-years



Strategic Deals to Reduce Debt

✓C$1B MDA divestiture

✓$291M Palo Alto real estate transaction


✓Re-engineer and diversify

Earth Intelligence

✓Offset revenue and Adj. EBITDA from

impact of WV4 loss

✓Execute on growing services backlog

Deploy New Operational Model

Peak WorldView Legion CapEx

Maxar is Positioned For Growth

Reset and Stabilize Growth Inflection Accelerate / Optimize

Successfully Completed

(2019 – 2020)

Progressing

(2021 – 2022)

Longer-Term

(2023 and Beyond)

Top-Line Growth Acceleration

▪ Higher imagery capacity

▪ Advanced analytics products

▪ U.S. and International services

▪ Commercial, Civil, DoD/Classified space

Margin Expansion

▪ Mix and execution

▪ Product/services adoption

▪ OpEx leverage

Lower Capital Intensity

▪ Smaller manufacturing & satellite footprint

▪ Further penetration of services/product

offering

Optimize Capital Structure

Reduce Debt With Strong Cash

Flow and Recent Equity Raise


▪ Position for growth by addressing

Commercial, Civil and DoD/Classified

segments

Earth Intelligence

▪ Growth driven by subscriptions/products

▪ Execute backlog + new wins driven by

AI/ML

Launch of WorldView Legion

Completion of WorldView Legion

CapEx and Start of CapEx Holiday


16© 2021 Maxar Technologies

Earth Intelligence



EARTH INTELLIGENCE

We collect, process and analyze location data to deliver geospatial intelligence.

125 700+ 1,700+ 3.8M+ 1.4BPetabytes of data in our

archive, gathered over

20 years

Software developers on

staff

Cleared personnel

supporting the U.S.

Government

Square kilometers of

Earth imagery capacity

each day

Square kilometers of

Earth imagery capacity

each year

Data generation

▪ Electro-optical, high-resolution satellite imagery

▪ Sensor and ground system optimization for near real-time geospatial insights

▪ Mission ready geospatial intelligence (GEOINT)

Largely recurring, multi-year contracts

Data analytics

▪ Big data platform and tools

▪ Artificial intelligence/machine learning (AI/ML) and data analytics at scale

▪ Multisource data enrichment and analysis

▪ Geodata layers and information products

Largely recurring, multi-year contracts

60%of 2020 Revenue

Note: Data as of 31-Dec-2020.


© 2021 Maxar Technologies 18Company Proprietary – External Recipients

An industry pioneer and continued leader

As the industry leader in high-resolution satellite imagery and geospatial

information, Maxar designs, owns and operates best-in-class imaging

satellites and associated ground systems, infrastructure and

production systems.


Our U.S. Government Partnership:

The EnhancedView Contract

▪ The U.S. government is Maxar’s largest customer for Earth

Intelligence and our relationship has strengthened and expanded over

the last decade

▪ The EnhancedView contract was signed in 2010 and is a performance

obligation to deliver assured and secure access to our constellation

and platforms

▪ In 2018, Maxar signed a multi-year contract extension through August

2023

• Maxar has completed 10 successful annual reviews and is

currently executing the 11th annual renewal option

• Additional funding was added for further integration and

interoperability between the U.S. government and Maxar’s current

and future ground and space architectures

▪ WorldView Legion construction is on track and can deliver industry-

leading imagery to meet the future requirements of the U.S.

government

Sole SourceThe only company delivering on the

EnhancedView Follow On program

20+ YearsNumber of years USG has been a customer

13 YearsLength of EV contract – 2010 to 2023

3.5B Square KilometersProduced and delivered in 2020 (~24x the

Earth’s total landmass)





On-Demand Access To Geospatial

IntelligenceG-EGD400,000 analysts, warfighters and first responders in

the U.S. Government rely on Global Enhanced

GEOINT Delivery (G-EGD) to make decisions when

lives are on the line.

SecureWatch 241 customers and growing as international

governments and commercial organizations use

SecureWatch subscription service to provide a reliable

picture of on-ground conditions.

1,200+ 94 184 19.4BTerabytes

downloaded in

2020

U.S. Government

portals streaming

G-EGD

Organizations

using

the platform

Square kilometers

streamed in 2020

Our platforms provide a one-stop shop for the

most current imagery available for defense and

intelligence, mapping, monitoring and disaster

response.

199 2,600 205MTerabytes downloaded

in 2020

Platform users Square kilometers

streamed in 2020

20




WorldView Legion is the cornerstone of

Maxar’s future Earth imaging constellation


WorldView Legion

The next-generation of Earth

observation satellites

WorldView Legion dramatically expands our ability to

image the most rapidly changing areas on Earth and

from more diverse angles, giving customers the ability

to track and monitor change, and to better inform

critical, time-sensitive decisions.

▪ Up to 15 revisits per day, with the Maxar constellation

▪ Triples Maxar capacity to collect 30 cm class imagery

▪ Triples our overall capacity over high-demand areas

▪ Highest image quality and geometric accuracy available

▪ Simultaneous tasking, image and downlink with customer

ground stations

▪ Compatible with global infrastructure and access programs

for Maxar customers

▪ More capital efficient than previous Maxar satellites

22Company Proprietary – External Recipients


23March 3, 2020Large area collection over I-580 corridor, California

• One satellite (WorldView-3)

• One of multiple strips in a single orbital pass

• 2,707 square kilometers collected

• 30-cm resolution from San Francisco to Tracy, California

Ferry Building, San

Francisco Bulk carrier, Oakland

Livermore airport

Highway exchange,

Ulmar

Tracy High School, TracySFO airport23© 2021 Maxar Technologies Company Proprietary – External Recipients


▪ Business continuity – drives demand for

the most discerning customer base in the

world, who requires high-quality resolution

and positional accuracy

▪ Increase capacity in high demand areas –

focused on where change is happening:

▪ >50% of population lives on <1% of land

▪ 95% of population lives between ±50°

latitude

▪ Higher revisit for more use cases


High resolution provides clarity into on-ground conditions

WorldView Legion will capture 30 cm class imagery

1.0 m GSD

NIIRS 4.0

50 cm GSD

NIIRS 5.0

30 cm class GSD

NIIRS 5.7


High geolocation accuracy results in highly precise, reliable maps

Have confidence that an object’s position in an image accurately reflects its true ground position


Image quality and frequency enables key use cases

Remote monitoring Accurate mapping Analytics at scale The globe in 3D

More imagery, collected from

sunup to sundown, for a

current view changing

situations.

Accurate, comprehensive and

timely data for a clearer, more

reliable foundational picture of

the planet.

A continuous feed of current,

clear imagery enables timely

pattern-of-life and human

geography analysis.

High agility and stereo

collection capabilities will

produce more data to fuel

creation of 3D models.


Artificial Intelligence can’t pull detail out of

lower resolution pixels because the information

simply isn’t there—similar to how the facial

recognition algorithms on your phone can’t

recognize you unless you’re right in front of it.

Only Maxar has the high-resolution data

to provide the level of detail required for

fast, reliable outputs.


Replace

Artificial Intelligence

For Analysts in the Age of Rapid Revisit

ML on 60 cm imagery

Identified 31 cars

ML on 50 cm imagery

Identified 244 cars

ML on 30 cm imagery

Identified 1,267 cars


Global Leader in 3D CapabilitiesVricon Acquisition has Expanded Maxar’s 3D Analytics Platform

World leader in situational awareness and

decision-making for military applications

▪ Battlefield visualization

▪ Warfare planning

▪ Aerial navigation and planning

▪ Targeting/weapon guidance

▪ Line-of-sight/concealment analysis

▪ Equipment movement/mobility planning

▪ Enemy surveillance

▪ Helicopter landing site evaluation

Network planning for telecommunications

▪ RAN planning for coverage and capacity

▪ Fixed wireless, line-of-sight analysis

▪ Microwave backhaul

Consumer gaming & virtual reality

▪ Geospatial and digital twin technologies

▪ 3D modelling capabilities






SPACE INFRASTRUCTURE

We design, manufacture and operate:

▪ Communications and Earth observation satellites

▪ Space exploration spacecraft


▪ On-orbit satellite servicing vehicles

▪ Robotics for ongoing space operations and exploration

Multi-year contracts and support services

Our 60-year heritage of innovation and reliability in space is trusted by our customers.

90 99.9971% 285+ 2,750Maxar-built geostationary

satellites currently in service

GEO satellite availability Maxar-built spacecraft

launched

Combined years on orbit

40%of 2020 Revenue




Maxar-Built Satellites Help Shape Today’s World

Meteorological satellitesDigital audio radio satellites Digital multimedia satellites

Direct broadcast satellites Two-way broadband satellitesEarth observation satellites

Capabilities

▪ Satellite design


▪ Spacecraft hardware, software and

components

▪ LEO and GEO spacecraft buses

▪ Ground systems


▪ Space robotics

Differentiation

▪ Price, performance and quality

▪ Power and propulsion

▪ Flexible, modular spacecraft

▪ Mission-proven space robotics

31© 2021 Maxar Technologies Company Proprietary – External Recipients

http://www.ssloral.com/html/satexp/mtsat.html


THE MOON, MARS AND BEYONDSince humans first began exploring our solar

system, Maxar has been supporting space

missions and continues to expand its partnership

with NASA.

▪ SERVICING SPACECRAFT ON ORBIT

with spacecraft and robotics for the OSAM-1 mission to

service and refuel a satellite.

▪ RETURNING ASTRONAUTS TO THE MOON

with the Power and Propulsion Element for the

lunar Gateway.

▪ POWERING THE SEARCH FOR LIFE ON MARS

with robotic arms, including one for the recently landed

Perseverance rover.

▪ EXPLORING OF A NEW KIND OF ASTEROID

with a spacecraft for first mission to explore 16 Psyche, an

asteroid believed to be made of metal.



POWER AND PROPULSION ELEMENT

We are building the first key component

of Gateway, the Power and Propulsion

Element. Gateway will serve as an

orbiting command module, supporting

human missions in space.

▪ Provides power, thrust and critical

communications

▪ Developed on Maxar's proven 1300 platform

▪ More powerful than existing solar

electric propulsion systems

▪ Robotics for ongoing space operations and

exploration

33Company Proprietary – External Recipients


SERVICING A SATELLITE ON ORBIT

Maxar is providing the spacecraft and three

robotic arms for NASA’s OSAM-1 mission to

refuel and service a low-Earth orbit satellite

and demonstrate on-orbit assembly.

MISSION TO PSYCHE

EXPLORING A NEW KIND OF ASTEROID

A Maxar-built spacecraft enables NASA’s

mission to explore 16 Psyche, an asteroid

believed to be made of metal. The mission

could offer insight into how the Earth formed.

REFUELING AND SERVICING



Appendix: Supplemental Information



APPENDIXIn 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, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA Without Effects of EV Deferred, Adjusted EBITDA Without Effects of

EV Deferred margin, Free Cash Flow and Net Debt.

We define EBITDA as earnings before interest, taxes, depreciation and amortization, Adjusted EBITDA as EBITDA adjusted for certain items affecting comparability as specified in the

calculation and Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. Certain items affecting comparability include restructuring, impairments, satellite insurance recovery,

gain (loss) on sale of assets, CEO severance and transaction and integration related expense. Transaction and integration related expense includes costs associated with de-leveraging

activities, acquisitions and dispositions and the integration of acquisitions. 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 that may result in a different calculation therein.

We define Adjusted EBITDA Without Effects of EV Deferred as Adjusted EBITDA, as defined above, less EnhancedView Deferred Revenue. We define Adjusted EBITDA Without Effects

of EV Deferred margin as Adjusted EBITDA margin, as defined above, less EnhancedView Deferred Revenue.

We define Free Cash Flow as cash provided by operating activities - continuing operations adjusted for the purchase of property, plant and equipment and development or purchase of

software.

We define Net Debt as the sum of total debt from our balance sheet excluding debt discount and issuance costs plus the lease liability balance related to the Space Infrastructure sale

leaseback transaction consummated in December 2019 netted against cash and cash equivalents.

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, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA Without Effects of EV Deferred, Adjusted EBITDA Without Effects of EV Deferred margin, Free Cash Flow and

Net Debt are not recognized terms under U.S. GAAP and may not be defined similarly by other companies. EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA

Without Effects of EV Deferred, Adjusted EBITDA Without Effects of EV Deferred margin, Free Cash Flow and Net Debt should not be considered alternatives to net (loss) income as

indications of financial performance or as alternate to cash flows from operations as measures of liquidity. EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA

Without Effects of EV Deferred, Adjusted EBITDA Without Effects of EV Deferred margin, Free Cash Flow and Net Debt 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.



APPENDIX


MAXAR.COM

© 2021 Maxar Technologies Company Proprietary – External Recipients

Documents

Maxar September 2021 Investor Presentation