NewSat Limited ASX Spotlight Conference 2013

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NewSat is Australia’s largest pure-play satellite communications company

• NewSat provides remote and temporary sites with fast, secure and reliable internet, voice, data and video communications via satellite

• NewSat has grown from a “solutions provider” into a “teleport operator”, and through the Jabiru Satellite Program, NewSat will become a global “satellite operator”

• NewSat has the rights to 8 premium orbital slots and its first satellite, Jabiru-1, will launch in 2015

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NewSat overview

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Experienced management team

Michael Hewins Chief Operating Officer

>30 years of executive management experience in global space industry

Satellite Experience: AON / International Space Brokers (Chief Commercial Officer), Arianespace

Adrian Ballintine Founder and CEO

>30 years of global technology experience

Satellite Experience: 2011 Teleport Executive of the Year and Director of the World Teleport Association

David Ball Chief Technology Officer

>20 years of experience in satellite and communication sectors

Satellite Experience: Intelsat (Managing Director Asia Pacific), PanAmSat

William

Abbott

Corporate

Counsel

>30 years corporate law

experience including capital

raising, commercial financing,

corporate governance,

compliance and enforcement

Mike

Kenneally VP – Satellite Strategy

>30 years global ICT and satellite

experience with Telecom NZ,

Optus, Telstra, Lockheed Martin

Len

McGoldrick

VP – Engineering

& Operations

25 years experience in satellite

operations with

SES New Skies, British Telecom

Andrew

Matlock SVP – Global Sales

>25 years experience in the telco

and technology sectors, including

at Calcomp Inc. (division of

Lockheed Martin)

Adam Shapiro

Chief Financial

Officer /

Company Secretary

>10 years financial sector

experience at

PriceWaterhouseCoopers and

Ernst & Young in assurance and

advisory

Merv

Kuek

SVP – Marketing &

Communications

>10 years marketing and

communications experience,

including Telstra and Crazy

John’s (subsidiary of Vodafone

Australia)

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Current teleport business

NewSat own and operate two Australian teleports that provide coverage to 75% of the globe

Adelaide teleport (South Australia)

• 11 antennas ranging from 2.4 to 13 metres in size

• Up-linking to 8 geostationary satellites across C- and Ku-band • Interconnected to terrestrial fibre networks and internet backbone • Secure Global Access Point supporting certified classified networks

to ensure the transmission of vital and sensitive information for government and enterprise clients

• 24 x 7 x 365 on-site Network Operations Centre

Perth teleport (Western Australia)

• 12 antennas ranging from 2.4 to 13 metres in size

• Up-linking to 9 geostationary satellites across C- and Ku-band • Interconnected to terrestrial fibre networks and internet backbone • 24 x 7 x 365 on-site Network Operations Centre

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As at 31 Dec 2012 Proforma 31 Dec 2012 (post raise)

Assets: $112.7M $234M*

Liabilities: $44.7M $59M*

Equity: $70.0M $175M*

No of shares on Issue: 233,052,157 515,708,507

Market Capitalisation: $121M $220M

*This information is based on the unaudited Statement of Financial Position (Pro Forma Balance Sheet) contained in the NewSat Ltd prospectus dated 25 February 2013. It shows the effect of the Equity Funding

*The Pro Forma Balance Sheet is intended to be illustrative only and will not reflect the actual position and balances as at the date of the Prospectus or at the completion of the Equity Funding.

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Balance sheet structure

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Orbital slots – A key asset

180 geostationary orbital slots in the world NewSat has acquired 8 premium orbital slots in

perpetuity These are expected to increase in value over

time You cannot launch a satellite without an orbital

slot Able to launch multiple satellites in each slot

8.3GHz capacity: one of the largest commercial

communication satellites

-7.6GHz Ka-band

-648MHz Ku-band

Ka-band is proven technology

-Ka-band satellites have been operating for

>10 years. Number of Ka-band satellites has

steadily increased in the last 5 years

Highly flexible payload: spot, regional and steerable beams

Currently under construction by Lockheed Martin

Launch date scheduled for mid 2015

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Jabiru-1 is a highly flexible satellite

Jabiru-1 Overview Ka-Band Capacity Overview

Ku-band

Ka-band:

spot beams

Ka-band:

regional beams

Ka-band:

steerable beams

(MHz)

Capacity Breakdown

24 Spot Beams

Concentrates power in a specific location

Allow same frequency transmissions in other

locations

Potential to switch 5 spot beams into high demand

regions to provide additional capacity

3 Regional Beams

Coverage tailored to serve coastlines or specific

areas without including unwanted regions

Wider coverage than traditional Ka-band spot

beams

2 Steerable Beams

Ability to position coverage in areas of high

demand anywhere on the visible earth

65% 19%

8% 8%

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Exposure to high growth markets

Source Euromonitor International 2012, Informa, ITU

Satellite offers effective, low-cost carriage in NewSat's target markets, which have minimal fixed network infrastructure, and low 3G mobile and internet penetration

Note:

Values shown are for 2011 (except internet penetration for 2010)

1. Includes Armenia, Azerbaijan, Cyprus, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Saudi Arabia, Syria, United Arab Emirates and Yemen

2. Includes Burundi, Central African Republic, Chad, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Kenya, Libya, Rwanda, Somalia, Sudan, Tanzania and

Uganda

3. Includes Afghanistan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan and Uzbekistan

4. CIA World Factbook, as at 4 February 2013

Worldwide

Total Population: 7.0 billion (4)

Internet Penetration

30%

3G Mobile Penetration

16%

Middle East (1)

Total Population: 227 million (4)

Internet Penetration

24%

3G Mobile Penetration

11%

North-East Africa (2)

Total Population: 376 million (4)

Internet Penetration

14%

3G Mobile Penetration

4%

South-West Asia (3)

Total Population: 267 million (4)

Internet Penetration

15%

3G Mobile Penetration

0.3%

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Growth in emerging markets and Ka-band

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Historical Transponder Usage by Region (1) Global Capacity Demand by Frequency Band

Source Euroconsult

Note: 1. Excludes multispot beam Ka-band demand, which has been relatively small historically 2. 36MHz transponder equivalents

Ka-band is supplementary

Widely used

Broad footprint

Least rain fade

Reliable low bandwidth

Interference from terrestrial systems

Larger earth station antenna required

New spectrum unavailable

C-Band (4-8GHz)

Higher power transmission

More focused beams

Some rain fade / signal attenuation issues

Spectrum saturated

Ku-Band (12-18GHz)

Offers high capacity bandwidth at already occupied satellite positions

Greatest user flexibility

Smaller end-user antenna

Higher frequency

New spectrum available

Some rain fade / signal attenuation issues at the surface

Ka-Band (26-40GHz)

Uses Uses Uses

Full-time TV distribution

Contribution feeds

Backhaul and VSAT

Direct-to-home (DTH) television

Satellite news gathering

Fixed and broadcast services

Backhaul and VSAT

Enterprise communication networks

Military applications

Aeronautical & mobility applications

Fixed and broadcast services

Backhaul and VSAT

Enterprise communication networks

Military applications

High throughput satellite (HTS) applications

Aeronautical & mobility applications

Ka-band capacity can operate adjacent to C- and Ku-band frequencies with no interference

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Competitors

NewSat – Good Neighbour, Supplementary Offering, Selling Flexible Raw Capacity

Ka-Band Capacity Outline in Jabiru-1 Footprint

Company Service Offering Footprint Ka-band Ku-band NewSat Competitive Assessment

INTELSAT Leased capacity Middle East / North Africa (limited

coverage)

Single Ka-band transponder being added to some satellites to protect

spectrum filings. Recently announced Intelsat EpicNG project which is

believed to include some multispot beams in C-, Ku- and Ka-band

SES Steerable beam Europe and West Africa Limited Ka-band added to protect filings

May 2012 CEO stated policy to “gently increase” Ka-band capacity

SES / O3B Leased trunking capacity Coverage of visible earth to +/- 45° latitude

Trunking vertical market competitor, particularly in Africa

MEO(1) system, complicated antennas required at each site

Expensive and complex ground segment

EUTELSAT Leased capacity Middle East / North Africa and Central Asia Ka-Sat consumer broadband bundled with TV (not Jabiru target)

Major geographic focus on Europe

INMARSAT Global Express offers

voice & data service

Global Express offering - total cover of

Jabiru catchment, but capacity is spread

evenly over many spot beams

Primarily addressing a different market (maritime) but competitive in

some vertical markets

Global coverage beams offer limited throughput

ARABSAT Leased services Ku coverage Arabian Peninsula. Steerable

Kaband

Primarily consumer broadband focused

Steerable may compete for limited enterprise clients but not military

AMOS 2012 launch Coverage over Middle East and Central

Asia

Potential future competitor – consumer focus but also potential

enterprise market player in Middle East / North Africa and Africa

AVANTI DTH & leased capacity West & Central Europe, small Middle East

overlap Initial consumer market focus (not Jabiru target)

DTH & leased capacity Europe, South Africa, Kenya, UAE,

Afghanistan

Some comparable coverage. Spot beams over Iraq and Afghanistan

(single, isolated beams only)

YAHSAT Consumer services &

some leased capacity Arabian Peninsula and Middle East

City focused, less powerful shaped beam than Jabiru

Steerable may compete for limited enterprise clients but not military

Main thrust is managed services not wholesale capacity

ABS Leased capacity Middle East Limited capability

Wide area regional beam low power compared to Jabiru

AsiaSat Leased capacity Limited coverage Single Ka-band transponder added to future satellite to protect

spectrum filings

Turksat Leased capacity Middle East and Central Asia Limited capability – geographic focus on Caspian Sea region

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Jabiru-1 launch vehicle

Footage courtesy of Arianespace. Ariane 5 launcher carrying a Lockheed Martin A2100 spacecraft

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Jabiru-1 satellite

Footage courtesy of Lockheed Martin. Lockheed Martin Commercial Space Systems A2100 spacecraft being manufactured

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Experienced partners

Source Lockheed Martin, Arianespace, Export-Import Bank of the United States

Note:

1. ECA funding subject to customary conditions precedent,.

2. Weighted average interest rate based on Ex-Im Bank benchmark Commercial Interest Reference Rate (CIRR) of 1.81%, effective from 15 February 2012. Final interest

rate will be determined with reference to the prevailing CIRR five business days prior to the Financial Close Date for ECA funding

Export Credit Agency (ECA) Debt Financing Providers

(see Appendix for summary term sheet)

~US$400MM facility size for Jabiru-1

Approved by Ex-Im Bank Board (1)

COFACE promesse granted

Weighted average fixed interest rate of ~3.0% (2)

8.5 year amortisation period from commencement of operations

Finance partners

Construction contract signed; preliminary design review (PDR) completed

Jabiru-1 construction commenced and is on schedule

Using proven A2100 series spacecraft platform

Currently 39 A2100 series spacecraft in orbit

Design life 15 years

Over 100 GEO (geosynchronous earth orbit) commercial communications satellites launched

Launch Service Agreement signed

Accounts for over half of all worldwide commercial launches

Using proven Ariane 5 rocket technology

53 consecutive successful launches

300 primary satellites launched from French Guiana operations

Construction and launch partners

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Sources and uses

Sources of Funds (US$MM) (1)

Uses of Funds (US$MM) (1)

Ex-Im Bank Direct Loan 291 Spacecraft & Launch Vehicle 384

COFACE Guaranteed Facility 108 Insurance 36

Mezzanine 30 Opex / Non-Satellite Capex 50

Standby Facility 25 Interest During Construction 19

New Equity Issued 105 ECA Exposure Fees 39

Equity Spent to Date 49 Other(2) 41

DSRA 14

Contingency 25

Total Sources ~608 Total Uses ~608

Note:

1. Approximate values shown; ECA funding subject to customary conditions precedent.

2. “Other” composed of: refinancing of existing debt ($6.3m), equity placement fees ($8.3m), mezzanine placement fees ($1.8m), ECA co-ordination and advisory fees ($4.0m), standby facility fees ($2.0m), ECA due diligence costs ($3.0m), COFACE facility agreement fees ($2.2m) and orbital slots and project startup costs ($13.4m)

CONFIDENTIAL

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Customers & pipeline

Customer Description Existing Customer(s) Potential Size (US$MM) Status

1 U.S. satellite operator, looking for Ka-band expansion 88 Negotiations well progressed

2 Southeast Asian satellite operator 74 Contract under review, negotiations well progressed

3 Pakistani telco, trunking / backhaul service 72 Reviewing proposal

4 Systems integrator providing Government welfare communications 11 Current Jabiru customer, considering extension

5 Australian based, non-Government communications provider 10 Contract under review, negotiations well progressed

6 Systems integrator providing general Government services 8 Reviewing proposal

7 Division of large satellite operator, Maritime / Government applications 7 Reviewing proposal

8 Systems integrator focused on UAV services 5 Reviewing opportunity

9 - 27 Additional J-1 pipeline customers (including 1 existing teleport customer) 179 Various

Subtotal Jabiru-1 454

J-2 & J-3 Additional pipeline customers for J-2 and J-3 175 Various

Grand Total 629

Weighted Toward Telco and Govt.

Telco

Government

Enterprise

(Total Contracts + Sales Pipeline = US$1,247MM)

Estimated Sales Pipeline Across Jabiru-1, 2 & 3 – US$629MM

Binding Pre-Launch Contracts – US$618MM

(US$MM)

197

105

13440

67 32 1330

618

0

175

350

525

700

Middle East Telco.

GCC Company

U.S. Comm’s Co.

Ku-band Ka-band Ka-band Ka-band Ka-band Ka-band Ka-band

~18% of Jabiru-1 life of satellite capacity currently

pre-sold

Pre

-Lau

nch

Co

ntr

acts

Sa

les

Pip

elin

e

Tota

l Co

ntr

acts

+ P

ipe

line

Direct-to-Home (DTH)

16%

26%

36%

22%

South Asian Reseller

Ka-band

+

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High Bandwidth data applications expected to drive growth

Enterprise Data Networking

Government and Military Operations

3G / 4G Mobile Backhaul

Reliance on time-sensitive data/connectivity

Growth in remote oil, gas and mining operations

Current customers of teleport business – we understand their service requirement

Provides connectivity across multiple sites / operating locations

Backup for enterprise networks

Accredited to provide services to certain Governments / military

Increased utilisation of data-rich technologies (e.g. UAV’s)

Increasing Government reliance on private sector

Ongoing conflicts in Middle East / North Africa region

Small % of operating costs / defence budgets

Connectivity across multiple sites (e.g. mobile, airborne, maritime)

Critical to data service delivery

Expected growth in mobile data volume / smartphones in emerging economies. Customers seek large bandwidth volumes

Limited existing network infrastructure capable of satisfying demands

Reliable connection into fixed/fibre networks. Cost effective

Ubiquitous rural and remote access

Rationale / Opportunity Existing customers / End Users

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Capacity: Jabiru-1 capacity 8.3GHz

Expected Year-1 Fill Rate: >60%

− Industry average 74% (’06 – ’10A)

− Pre-sales at a ~30% discount to market

− Long-term take-or-pay contracts

− No pre-sales of high value steerable beams (~8% of capacity) –

− reserved to sell on the spot market – expected higher pricing

Revenue: Jabiru-1 total annual capacity (US$MM p.a.)

Operating Costs: Fixed, marginal costs expected to be in-line

with standard FSS operating model. Variable costs include insurance

(including in-orbit insurance) and sales commissions

Depreciation: Straight-line over 15 years (deferred until launch)

Teleport & Jabiru-2: Ability to transfer existing supply arrangements to

“owned” capacity on Jabiru-2 will expand margins

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Established FSS economic model providing significant potential returns

Key Economics of Jabiru-1 Industry Fill Rate (1) and EBITDA Margin (2)

Capacity Pricing Over Middle East (3)

(%)

1.00

1.25

1.50

1.75

2.00

2.25

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Ka-band C-band Ku-band

(US$MM / TPE)

Source Company filings, Euroconsult

Source NewSat analysis, NSR

65%

70%

75%

80%

2006 2007 2008 2009 2010

% Fill Rate % EBITDA Margin

Capacity Utilisation (%)

80% 70% 60%

1.2 220 193 165

1.3 239 209 179

1.4 257 225 193

Weig

hte

d A

vera

ge

Pri

ce p

.a.

(US

$M

M / T

PE

)

Note:

1. Estimated fill rate of transponders in orbit (all lifecycle stages / ages, and excluding HTS capacities)

2. Aggregate EBITDA margin for Intelsat, PanAmSat, SES, Eutelsat and Telesat

3. 2008 to 2011 capacity pricing based on NewSat capacity purchasing and additional research across 14 satellites covering the Middle East region. 2012 to 2018 capacity pricing based on NSR GASSD 2009 research covering the Middle East region

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Additional projects – NewSat’s opportunity is scalable

Jabiru-2 Jabiru-3 Jabiru-4

Asset Type Hosted payload (aboard MEASAT-3b) Owned satellite Owned satellite

Target Markets Oil, gas & mining corporates,

government markets

Resources, military, government and

carrier-grade telecom markets

Resources, military, government and

carrier-grade telecom markets

Orbital Slot 91.5°E 89.5°E / 54.0°E 54.0°E / 89.5°E

Capacity 216 MHz

(6 TPE)

3 – 4 GHz

(83 – 111 TPE)

3 – 4 GHz

(83 – 111 TPE)

Bands Ku-band Ka-band Ka-band

Coverage Australia, Timor-Leste and

Papua New Guinea

Africa, the Middle East, Europe, Asia

and Indian Ocean

Africa, the Middle East, Europe, Asia

and Indian Ocean

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NewSat investment highlights

Exposure to High Growth Markets

Early Mover in Ka-Band Supports Value Enhancing Applications Focus

Leveraging Existing Teleport Business Expertise to Execute on Established FSS1 Economic Model

Balance Sheet Anchored by Attractive Export Credit Financing from High Quality Lenders

Highly Experienced Management Team

46% of the first 3 years of Satellite Capacity Sold, with a Promising Pipeline of Blue-Chip Customers

1. Fixed Satellite Services

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Thank you

Melbourne, Australia Gold Coast, Australia Bangkok, Thailand Perth, Australia Washington DC, USA Dubai, UAE Adelaide, Australia Texas, USA Karachi, Pakistan Sydney, Australia Singapore, Singapore Johannesburg, South Africa

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