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Net income Extracts from the consolidated income statement in €m1 Revenues EBITDA2 Operating income Financial result Income tax Group share of net income FY FY 2017-18 2018-19 1,391 1,078 554 (105) (143) 292 Change 1,321 -5.0% 1,032 -4.3% 526 -5.0% (92) -13.0% (76) -46.6% 340 +16.7% ► Capital gain on sale of E25B ► Impairment of assets ► Negative one-off impact of Noorsat integration in FY18 ► Higher capitalized interest ► Positive impact of Jan. 19 refinancing ► Favourable evolution of FX gains and losses ► Tax Rate of 18% vs 32% last year ► Full impact of change in tax territoriality treatment (€74m savings for French Tax) ► One-off impact of CGT on E25B disposal ► Net margin of 26% versus 21% last year 1 Rounded to closest million; As a reminder, Figures as of 30 June 2018 have been restated to reflect the adoption of IFRS 15 from 1 July 2018 2 EBITDA defined as operating income before depreciation, amortization, impairments and other operating income/(expenses) 24