NewSat LimitedCorporate overview

March 2014 Image courtesy of Arianespace

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Important information

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This presentation has been issued by NewSat Limited (“the Company”) and is based on information obtained by the Company. This presentation should be considered as preliminary only and does not purport to contain all the information that you (“the Public”) may desire. In all cases, the Public should conduct its own investigations and analysis. The Company’s advisers and auditors have not been involved in the preparation of, and have not authorised, permitted or caused the issue, lodgement, submission, dispatch or provision of this presentation and do not make or purport to make any statement in this presentation and the recipient acknowledges that there is no statement in this presentation which is based on any statement made by the advisers. The Company, its officers and employees, advisers and auditors and their affiliates, and their officers and employees, to the maximum extent permitted by law, exclude and disclaim all liability for any expenses, losses, damages or costs that may be incurred by the recipient as a result of the information and /or representations contained in this presentation being inaccurate or incomplete in any way for any reason.

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•  NewSat specialises in global satellite communications providing tailored teleport, VSAT and satellite services to 75% of the earth’s surface

•  Provides remote and temporary sites with fast, secure and reliable solutions ensuring unrestricted connectivity, anywhere-anytime

•  Jabiru Satellite Program will launch a fleet of next generation geostationary satellites, delivering high-powered coverage for high demand markets around the world

Australia’s largest pure-play satellite communications company

NewSat is…

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NewSat’s journey

1999Listed on the ASX

N WT

ASX LISTED

2011Acquired orbital slots

2013Completed funding commitments for Jabiru-1

2010Teleports recognised internationally and regularly awarded

N W T

ASX LISTED

J-1 J-2

N W T

ASX LISTED

J-1 J-2

2005Acquired teleports in Perth and Adelaide from Newskies Satellites

N W T

ASX LISTED

J-1 J-2

2009Commenced Jabiru Satellite Program

N W T

ASX LISTED

J-1 J-2

2015Jabiru-1 launch

N W T

ASX LISTED

J-1 J-2

2014Jabiru-2 hosted payload launch

N W T

ASX LISTED

J-1 J-2

N W T

ASX LISTED

J-1 J-2

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Adrian Ballintine Founder and CEO

2011 Teleport Executive of the Year and Director of the World Teleport Association who has led NewSat’s transformation into Australia’s leading satellite company and is set to launch Australia’s first commercial Ka-band satellite, Jabiru-1.

Scott Sprague Chief Commercial Officer

Scott has over 30 years management experience in the satellite and telecommunications sectors, previously holding senior positions at AT&T, SES and most recently, Chief Operating Officer of Asia Broadcasting Satellite (ABS).

David Ball Chief Technology Officer

Previously Regional Vice President Asia-Pacific for Intelsat and also at PanAmSat prior to the merger between PanAmSat and Intelsat in 2006, David has 25 years experience in telecommunications, media and technology sectors.

Michael Hewins Chief Financial Officer

Previously Chairman and CEO of AstroVision International, Inc. and Chief Commercial Officer at AON/International Space Brokers. Michael has over 30 years executive management experience in the global space industry.

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Leading management team F

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Profitable Established a reputation as the partner of choice for governments, corporations and private enterprises

Unique-to-Australia infrastructure Secure global access points in a preferred geographic location and politically stable environment, industry-leading technical support 24x7x365 and 99.99% up-time reliability

Blue-chip customers Focused on high value and growth markets with customers in global “blue chip” industries, such as mining, oil and gas, defence, government, construction, maritime, media and carrier-grade telecommunications *Includes revaluation of cash, cash equivalents and an interest bearing loan. As announced to the market in February 2013, NewSat

completed a placement of equity and mezzanine funding for the Jabiru-1 satellite project. These proceeds were converted into United States Dollars to manage financial risk as material commitments for the Jabiru-1 satellite project are payable in this currency. Australian Accounting Standards require that foreign currency cash and cash equivalents and borrowings be translated at the spot exchange rate at the end of the reporting period.

Revenue

EBITDA

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NewSat’s difference F

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Top 3 Finalist for Satellite Provider of the Year 2013 ACOMM Awards

Best teleport operator in Asia Pacific 2013 World Teleport Association’s “Independent Top Twenty” category

Teleport Executive of the Year Founder and CEO, Adrian Ballintine at the 2011 World Teleport Awards in Washington DC, USA

WTA Top 3 Finalist 2010 and 2012 World Teleport Awards in Washington DC, USA

Finalist for Most Promising Company of the Year 2013 Vision Awards announced at SATCON, New York, USA

Finalist for VSAT Service Provider of the Year 2013 VSAT Industry Awards in Amsterdam, Netherlands

World acclaimed teleports

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Blue-chip customers

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The satellite industry

Global Satellite Industry Revenue ($ Billions)

Source: Satellite Industry Association

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$200

$150

$100

$50

02007 2008 2009 2010 2011 2012

$121.7

$144.4$160.8 $168.0

$177.4$189.5

Average annual growth

(2007-2012)

10%

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(Bill

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Source: Satellite Industry AssociationFor

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Global satellite operators

Enterprise and Government

Consumer and Maritime

DTH and Broadcast

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Our market

Industry Technology Application

Resources Remote operations need temporary VSAT infrastructure to ensure enterprise networks provide operations, workplace safety, compliance, back-up communications and on-site staff welfare

Defence Rapid tracking terminals, VoIP, unified communication and private secure networks for tactical and welfare communications supporting military personnel, deployed around the world

Telecommunications With hard to reach locations and temporary sites, having the capabilities to “fill in the gaps” and extending coverage to offer complete communication networks

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Owned in perpetuity A prerequisite to launch a satellite and NewSat owns 8 orbital slots in perpetuity

Well located geographically 180 geostationary orbital slots with NewSat’s slots enabling coverage over high demand regions of the world

International Telecommunications Union (ITU) Overseen by the ITU, NewSat acquired its orbital slots from the Republic of Cyprus via Kyprosat

NewSat’s eight orbital slots

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Scheduled to launch 2015 Satellite operational design life of 15 years

US$620M funding finalised Total cost of Jabiru-1 satellite is US$620 million and funding for the project is secured

8.3GHz of ‘new’ and ‘raw’ capacity A large satellite with a flexible payload and a range of beams to provide “new” and “raw” capacity for new and existing customer requirements

Jabiru-1

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Economics of Jabiru-1

US$3B Expected revenue at 70% utilisation over 15 year mission life

60-70% Expected utilisation at launch for first 3 years

US$644M Pre-launch customer contracts

US$454M Sales pipeline across enterprise and government customers

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Finance partners Export Credit Agency (ECA) debt financing providers with ~US$390M facility size for Jabiru-1, a weighted average fixed interest rate of ~3% and 8.5 year amortisation period from commencement of satellite operations

Satellite construction Proven A2100 series spacecraft platform with 39 A2100 satellites in orbit and over 100 commercial communications satellites launched, achieving over 400 cumulative years of successful, in-orbit operations for A2100 satellite in 2013

Launch vehicle Accounting for over half of all worldwide commercial launches, Arianespace has proven Ariane5 rocket technology with 58 consecutive successful launches and 300 primary satellites launched from French Guiana operations

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Experienced partners F

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Jabiru-1 Financials

Sources of Funds (US$M) (1)

Uses of Funds (US$M) (1)

US Ex-Im Bank Direct Loan 301 Spacecraft & Launch Vehicle 379

COFACE Guaranteed Facility 89 Insurance 35

Mezzanine 27 Interest During Construction 13

Standby Facility 25 ECA Exposure Fees 38

Equity Contribution 178 Opex / Non-Satellite Capex 58

DSRA/Contingency 39

ECA Facility Fees 8

Advisory Fees 30

Other(2) 20

Total Sources ~620 Total Uses ~620

Note:  1.  Approximate  values  shown;  ECA  funding  subject    to  terms  of  Credit  Facility  Agreements.  2.  “Other”  composed  of:  refinancing  of  exisDng  debt  ($6.3million)  and  retained  earnings  ($13.4million).  

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Binding pre-launch contracts - US$644M

Middle East telecommunications company

GCC Reseller

US Service Provider

South Asian Reseller

197 105 160 67 32 13 30

~US$1.1B

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Contracts and pipeline

South West Asian telecommunications company

40 Middle East telecommunications company

US Service Provider

Malaysian Satellite Operator

454

Customer sales

pipeline

TELCO

Mobile backhaul and trunking

Internet and data networks

BANKING MEDIA

Video distribution and news gathering

RESOURCES

Internet, voice and data networks

GOVERNMENT

Tactical and welfare communications

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Risks Mitigation Funding Funding finalised for Jabiru-1

Customer acquisition and loyalty

Continued demand from new customers for more capacity NSR GASSD 9th edition states 11.4% CAGR for Ka-band across the MENA region

Price with potential for oversupply and irrational pricing by new entrants

Pricing will remain stable, as stated by NSR GASSD 9th edition

Operational failures in-orbit

Industry leading Arianespace has 58 successful consecutive launches and NewSat is insured against a catastrophic failure on the launch pad with in-orbit insurance covers loss of asset value

Management execution

Management track record helps de-risk Jabiru-1

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Key risk factors F

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•  MEASAT 3b satellite hosts the Jabiru-2 payload •  Satellite to be launched by MEASAT in May 2014 •  Leasing six transponders of capacity for 15 years, gives NewSat naming rights •  In demand capacity over key resource “hot spots” is expected to enhance the

profitability and growth of NewSat’s base teleport business

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What is Jabiru-2?

Jabiru-2 coverage

High intensity zones

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Construction management Managing satellite construction and launch vehicle (both under fixed price contracts) as well as the associated ground equipment and software systems

Sales Continue to build on US$644 million of Jabiru-1 binding take or pay customer contracts, weighted towards 2015 to ensure maximum value and returns

Teleport business Continue to provide world class service to our customers, many of whom will become Jabiru Satellite Program customers of the future

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Focus for 2014 - 2015 F

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S&P/ASX 300 Index

300 of Australia’s largest securities by float-adjusted market capitalisation. S&P Dow Jones Indices announced NewSat inclusion in the changes to the S&P/ASX indices on 6th September 2013

Investment benchmark

Designed to address investment managers' needs to benchmark against a broad opportunity-set characterised by sufficient size and liquidity

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ASX 300 Index and OTCQX

NewSat joins OTCQX

Marketplace reserved for high-quality non-US companies that are listed on a qualified international exchange. NewSat’s Principal American Liaison (PAL) is Bank of New York Mellon

Complements ASX

NewSat in US time and complements current listing on the Australian Securities Exchange, providing relevant information and timely news to assist in the analysis, value and trade of NewSat securities F

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Shareholder overview

Breakdown of investor type (%)

Breakdown of investor location (%)

59

41

22

78

2012 2013

Retail Institutional and sophisticated

45

55

72

28

International Domestic

2012 2013

Source: NWT sharetrak Report 2012 - 2013 23

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Why NewSat? De-risked strategic growth project Finalised US$620 million of funding from US Ex-Im Bank, COFACE, Standard Chartered Bank and other global investors, and confirmed launch protection and ongoing insurance from AON

Strong satellite capacity sales US$644 million base of pre-launch customer contracts, focused on high value and growth markets within global “blue chip” industries of mining, oil and gas, defence, government, media and carrier-grade telecommunications

Leveraging experience World-acclaimed teleport operator providing industry leading support and a “customer first” approach ensuring a loyal customer base, alongside a strong satellite management team

Scheduled to launch 2015 NewSat’s first satellite, Jabiru-1 is expected to generate over US$3 billion of highly profitable revenue over its 15 year design life, creating a step-change in earnings and EBITDA margins

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Melbourne, Australia Karachi, Pakistan Perth, Australia Washington DC, USA Adelaide, Australia Dallas, USA Sydney, Australia Singapore, Singapore

Thank you

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