Maxar

September 2021 Investor Presentation

© 2021 Maxar Technologies Company Proprietary – External Recipients 1

 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 Company Proprietary – External Recipients 2

 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.

© 2021 Maxar Technologies Company Proprietary – External Recipients 3

 Maxar Today
Overview Global Footprint and Capabilities
4,400 employees across 20 locations globally,
$2.3B / $4.6B1 Mkt. Cap / EV serving customers in more than 70 countries worldwide

$1.7B 2020 Revenue

HQ: Westminster,
Colorado

$422M 2020 Adj. EBITDA2

▪ Leader in Earth Intelligence and Space Infrastructure

▪ Multifaceted capabilities across geospatial data and analytics,

satellites, space robotics and space infrastructure
International Locations
▪ Long-standing relationships with government and commercial
London, Linköping, Singapore, Tokyo,
customers globally U.K. Sweden Singapore Japan

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

civil government and commercial customers
1 Market data as of 07-Sep-2021
2 This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in the Appendix to these earnings slides
© 2021 Maxar Technologies Company Proprietary – External Recipients 4
 Integrated Solutions Across the Customer Value Chain

COMPONENTS SUBSYSTEMS SYSTEMS DATA / PRODUCTS SERVICES / SOLUTIONS

Space Infrastructure Earth Intelligence

▪ Highest quality geospatial data & products

▪ Satellite hardware ▪ Satellite integration
▪ Analytics platforms
▪ Space robotics ▪ System integration
▪ Geospatial services, analytics and solutions

MAXAR FRANCHISE PRODUCTS / CONTRACTS

Satellites, Space Programs and Robotics Imagery Platform and Services

▪ EnhancedView
Analytics ▪ SBIR Phase III
▪ 1300 class spacecraft bus ▪ Psyche (planetary exploration)
▪ Direct/Rapid Access ▪ SecureWatch ▪ NOME
▪ Modular satellite architectures ▪ OSAM-1 (on-orbit refueling and
▪ 3D and AR Clouds ▪ Global-EGD ▪ Project Kelly
▪ Power & Propulsion Element assembly)
▪ Basemaps ▪ One World Terrain ▪ DORE
▪ Mars robotic arms

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

Earth Intelligence 60% 40%

2020 Rev.
Space Infrastructure 2020 Rev.
Data Generation Data Analytics / Platforms

▪ Electro-optical, high-resolution ▪ Big data platform and tools ▪ Communications and Earth
satellite imagery observation satellites
▪ Artificial Intelligence and Machine
▪ Learning (AI/ML) and data
Sensor and ground system ▪ Space exploration mission
optimization for near real-time analytics at global scale
spacecraft
geospatial insights ▪ Multisource data enrichment
and analysis ▪ On-orbit satellite servicing vehicles
▪ Mission ready geospatial
intelligence (GEOINT) ▪ Geodata layers and information ▪ Robotics for ongoing space
products operations and planetary
▪ Largely recurring, multi-year exploration
contracts ▪ Largely recurring, multi-year
contracts
▪ Multi-year contracts and
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support services
 We Serve Discriminating Government and Commercial Customers
in More Than 70 Countries
Scale and Profitability(1) Government
Segment Customer Mix(1)
(Revenue / Adj. EBITDA(2) Margin)

U.S. Federal Gov’t

and Agencies

72%
Earth
$1,081M / 47.5%
Intelligence 28%
28%
Commercial
and Other
Commercial
U.S. Federal Gov’t
and Agencies

Space 40%
$721M / (0.4)%(3)
Infrastructure
60%
Commercial
and Other

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.
© 2021 Maxar Technologies Company Proprietary – External Recipients 7
 Summary of Our Growth Strategy
Focused on Growing Segments Where We Can Be #1 or #2

EARTH INTELLIGENCE SPACE INFRASTRUCTURE

Addressable U.S. Government –
Commercial – National – Civil
Segments International Government – Commercial

▪ Expand relationship across the U.S. ▪ Grow U.S. national programs

government
▪ Grow installed base and penetration of
Maxar’s international government customers
Growth Strategy ▪ Grow with and expand the installed base of
commercial customers across product breadth,
including services
▪ Leverage 3D data and 3D capabilities
▪ 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

✓ Space robotics
✓ WorldView Legion
Investments Made ✓ Solar electric propulsion
✓ Vricon acquisition
to Drive Growth ✓ Modular architecture / Smaller spacecraft
✓ Data platforms + AI/ML
buses

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 Maxar is Well-Positioned to Support the Customers We Serve

U.S. Government International Governments Commercial

▪ 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

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 Our Capabilities Solidly Align With the U.S. National Defense Strategy
Forward Force Autonomous
Space & Cyber C4ISR Missile Defense Joint Lethality
Resilience Systems
Resilient space assets Gain and exploit Layered Ability to Ability to operate in all
Autonomy, AI/ML
and operations information missile defense strike domains

Maxar Capabilities
▪ Satellite design and ▪ High-resolution ▪ AI/ML providing ▪ High resolution ▪ High resolution ▪ High resolution imagery
manufacturing Imagery change detection for elevation models Imagery ▪ Co-registered mapping
▪ Space robotics ▪ AI/ML providing early warning ▪ Real-time Geo- ▪ Direct downlink data
▪ Space infrastructure change detection ▪ Affordable and secure positioning ▪ Crosslinks / interfaces ▪ Space robotics
▪ Solar electric ▪ Space-based sensors satellite buses ▪ 3D Imagery ▪ Living maps ▪ AI/ML providing change
propulsion ▪ Direct downlink ▪ Sensor platforms ▪ Shareable GEOINT ▪ 3D/P3DR/Point detection
▪ Cyber-secure systems ▪ Analytics / cloud- ▪ Analytics / cloud-based Cloud capabilities
▪ 3D/P3DR/Point
▪ Modular architecture based products products ▪ AR/VR for simulation
Cloud capabilities
and training
▪ AR/VR for simulation
and training

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 Growing International Defense and Intelligence Demand

Overview Capabilities Real-World Results

▪ Persistent global ▪ Geospatial data and

security threats products

▪ Rising budgets ▪ Machine learning and

analytics
▪ Imagery and insights in
Earth great demand ▪ Defense services and
Intelligence solutions
▪ Space is a focus of
investment ▪ Ground systems

▪ Nascent but growing

services opportunities

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 Multifaceted Opportunities With Civil Agencies

Overview Capabilities Real-World Results

▪ NASA science efforts ▪ Geospatial data and

focused on better products
understanding our planet
▪ Machine learning and
Earth ▪ Other civil agencies analytics
focused on emergency
Intelligence
preparedness and
response, urban planning
and regulatory
compliance benefit from
Maxar's capabilities
▪ NASA exploration efforts ▪ Space robotics
focused on deep space
align well with ▪ Solar electric propulsion
Space Maxar’s capabilities
▪ Spacecraft buses
Infrastructure

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 Commercial Demand Driven By Innovation and New Use Cases

Overview Capabilities Real-World Results

▪ Autonomous ▪ High-resolution imagery

applications ▪ Mapping
▪ Wireless network ▪ Change detection
planning ▪ Data analytics and machine
Earth ▪ Resource and logistics learning
Intelligence planning ▪ Gaming, virtual reality and 3D
▪ Risk management and applications
Mitigation

▪ Voice and data ▪ Satellite design

Communications ▪ Satellite integration
▪ Imagery ▪ LEO and GEO spacecraft
▪ Remote sensing buses
Space ▪ Video distribution ▪ Ground systems
Infrastructure ▪ Broadband ▪ Solar electric propulsion
▪ Digital radio services

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 Robust 5-Year Pipeline

2020 2021 Out-years

$1.9B in Bookings Sustained
Growth

$25+
Billion
Five-Year Pipeline
Across Earth
Space
Intelligence
WorldView Legion 3D / Platforms /
EVFO Next
Launches
Infrastructure
Products and Space
Transformation
Infrastructure

Driving growth across the U.S. Government,

International U.S. Allied Nations and Large Commercial Tech

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 Maxar is Positioned For Growth

Reset and Stabilize Growth Inflection Accelerate / Optimize

Successfully Completed Progressing Longer-Term
(2019 – 2020) (2021 – 2022) (2023 and Beyond)

Strategic Deals to Reduce Debt Reduce Debt With Strong Cash
✓C$1B MDA divestiture Flow and Recent Equity Raise
✓$291M Palo Alto real estate transaction Space Infrastructure
▪ Position for growth by addressing
Space Infrastructure
Commercial, Civil and DoD/Classified
✓Re-engineer and diversify segments
Earth Intelligence Earth Intelligence
✓Offset revenue and Adj. EBITDA from ▪ Growth driven by subscriptions/products
impact of WV4 loss
▪ Execute backlog + new wins driven by
✓Execute on growing services backlog AI/ML
Deploy New Operational Model Launch of WorldView Legion
Peak WorldView Legion CapEx Completion of WorldView Legion
CapEx and Start of CapEx Holiday
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

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 Earth Intelligence

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

Data generation
▪ Electro-optical, high-resolution satellite imagery
60%
▪ Sensor and ground system optimization for near real-time geospatial insights of 2020 Revenue
▪ 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

125 700+ 1,700+ 3.8M+ 1.4B

Petabytes of data in our Software developers on Cleared personnel Square kilometers of Square kilometers of
archive, gathered over staff supporting the U.S. Earth imagery capacity Earth imagery capacity
20 years Government each day each year
Note: Data as of 31-Dec-2020.
© 2021 Maxar Technologies Company Proprietary – External Recipients 17
 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.

© 2021 Maxar Technologies Company Proprietary – External Recipients 18

 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 Sole Source
the last decade
The only company delivering on the
▪ The EnhancedView contract was signed in 2010 and is a performance EnhancedView Follow On program
obligation to deliver assured and secure access to our constellation
and platforms

▪ In 2018, Maxar signed a multi-year contract extension through August 20+ Years
2023 Number of years USG has been a customer
• Maxar has completed 10 successful annual reviews and is
currently executing the 11th annual renewal option
13 Years
• Additional funding was added for further integration and Length of EV contract – 2010 to 2023
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.
3.5B Square Kilometers
government Produced and delivered in 2020 (~24x the
Note: Data as of 31-Dec-2020. Earth’s total landmass)
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 On-Demand Access To Geospatial
Intelligence
G-EGD
400,000 analysts, warfighters and first responders in
Our platforms provide a one-stop shop for the the U.S. Government rely on Global Enhanced
GEOINT Delivery (G-EGD) to make decisions when
most current imagery available for defense and
lives are on the line.
intelligence, mapping, monitoring and disaster
response.
1,200+ 94 184 19.4B
Terabytes U.S. Government Organizations Square kilometers
downloaded in portals streaming using streamed in 2020
2020 G-EGD the platform

SecureWatch
241 customers and growing as international
governments and commercial organizations use
SecureWatch subscription service to provide a reliable
picture of on-ground conditions.

199 2,600 205M

Terabytes downloaded Platform users Square kilometers
Note: Data as of 31-Dec-2020.
in 2020 streamed in 2020
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 WorldView Legion is the cornerstone of
Maxar’s future Earth imaging constellation

© 2021 Maxar Technologies Company Proprietary – External Recipients 21

 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

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23
March 3, 2020
Large 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

Highway exchange,
Ulmar

Livermore airport

SFO airport Tracy High School, Tracy

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 High resolution provides clarity into on-ground conditions
WorldView Legion will capture 30 cm class imagery

▪ 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

1.0 m GSD 50 cm GSD 30 cm class GSD

NIIRS 4.0 NIIRS 5.0 NIIRS 5.7

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 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

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 Image quality and frequency enables key use cases

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

More imagery, collected from Accurate, comprehensive and A continuous feed of current, High agility and stereo
sunup to sundown, for a timely data for a clearer, more clear imagery enables timely collection capabilities will
current view changing reliable foundational picture of pattern-of-life and human produce more data to fuel
situations. the planet. geography analysis. creation of 3D models.

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 Replace
ML on 60 cm imagery
Artificial Intelligence Identified 31 cars

For Analysts in the Age of Rapid Revisit

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
ML on 50 cm imagery
recognize you unless you’re right in front of it.
Identified 244 cars
Only Maxar has the high-resolution data
to provide the level of detail required for
fast, reliable outputs.

ML on 30 cm imagery
Identified 1,267 cars

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 Global Leader in 3D Capabilities
Vricon 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

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 Space Infrastructure

© 2021 Maxar Technologies Company Proprietary – External Recipients 29

 SPACE INFRASTRUCTURE
We design, manufacture and operate:
▪ Communications and Earth observation satellites
▪ Space exploration spacecraft 40%
▪ Solar electric propulsion of 2020 Revenue
▪ 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+ 2,750

Maxar-built geostationary GEO satellite availability Maxar-built spacecraft Combined years on orbit
satellites currently in service launched

Note: Data as of 31-Dec-2020.

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 Maxar-Built Satellites Help Shape Today’s World

Capabilities
▪ Satellite design
▪ Satellite integration
▪ Spacecraft hardware, software and
components
▪ LEO and GEO spacecraft buses
▪ Ground systems
▪ Solar electric propulsion Earth observation satellites Direct broadcast satellites Two-way broadband satellites

▪ Space robotics

Differentiation
▪ Price, performance and quality
▪ Power and propulsion
▪ Flexible, modular spacecraft
▪ Mission-proven space robotics
Digital audio radio satellites Digital multimedia satellites Meteorological satellites

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 THE MOON, MARS AND BEYOND
Since 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.

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 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

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 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.
© 2021 Maxar Technologies Company Proprietary – External Recipients
REFUELING AND SERVICING
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.
34
 Appendix: Supplemental Information

© 2021 Maxar Technologies Company Proprietary – External Recipients 35

 APPENDIX
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, 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.

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 APPENDIX

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 MAXAR.COM

© 2021 Maxar Technologies Company Proprietary – External Recipients