Slide 1: NextNav
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Slide 2: Disclaimer
Disclaimer Industry and Market Information Information contained in this Presentation concerning NextNav's industry and the markets in which it operates, including NextNav's general expectations and market position, market opportunity and market size, is based on information from NextNav's managemen
Slide 3: Investment Highlights
Investment Highlights Next Generation PNT solution based on 5G Valuable Spectrum Asset with ideal propagation characteristics to power PNT and broadband World Class Management, Board, and Shareholders with leaders in national security, wireless, and location services Leading Customers & Partners, in
Slide 4: Need for a Terrestrial GPS Complement and Backup is Increasingly Urgent
Need for a Terrestrial GPS Complement and Backup is Increasingly Urgent * GPS provides PNT services, on which the United States relies for telecommunications, power grids, financial transactions, maps and more. * But, satellite-based systems, like GPS, have coverage limitations indoors and in urban
Slide 5: NextGen PNT Vision
NextGen PNT Vision PNT Network Based on 5G NR and Aligned with 3GPP Global Standards Leverages Spectrum Asset in the Lower 900 MHz band Goal is future-proof complement and backup to GPS, available at wide scale including indoor and urban areas
Slide 6: NextNav proposal uses Lower 900 MHz licenses with a 5G partner
2. Economics of at-scale, stand-alone terrestrial network do not work 3. NextNav proposal uses NN’s Lower 900 MHz licenses, in partnership with a 5G network provider, to enable a wide-scale terrestrial back up and complement to GPS, without taxpayer funding
Slide 7: Current and Proposed Band Plan for Lower 900 MHz
Current Band Plan: 14 MHz in 3 blocks (A, B, C) per EA for “Multilateration Location and Monitoring Service” (M-LMS)* 928 902 904 909.75 B LMS A LMS C C B A freq (MHz) Proposed New Band Plan: Rationalized and updated to create paired 5+10 MHz block suitable for nationwide PNT and 5G services 902 907
Slide 8: Use Cases Illustrate Need for Terrestrial GPS
Use Cases Illustrate Need for Terrestrial GPS Complement and Backup Maps, colestial and oot cet es 0 Local holdover Oo= Ground-based PNT systems /\ Wireless timing > delivery Central master docks Terrestrial transmission of timing Source: Homeland Security Operational Analysis Center (2021) Position
Slide 9: Overview of NextNav's 5G PNT Network Architecture
Overview of NextNav’s 5G PNT Network Architecture IN] nexrnay S Partner 5G Core Network Partner Radio Access Network Se, — NextGen PNT network: . NextNav's PNT network will be seamlessly and efficiently integrated into a 5G network -Capable of leveraging partners’ 5G network facilities (eg., towers,
Slide 10: 4.16.24 9.20.24 11.05.24 2.26.25 3.10.25 8. 6.24 10.21.24 2.21.25 2.27.25 3.28.25
4.16.24 9.20.24 11.05.24 2.26.25 3.10.25 8. 6.24 10.21.24 2.21.25 2.27.25 3.28.25
Slide 11: The Brattle Group Issues Economic Report
The Brattle Group Issues Economic Report Report finds total quantified value of having a terrestrial backup to GPS is $14.6 billion Estimate of potential U.S. Adopting NextNav's proposal economic loss for a GPS could prevent an economic outage: loss of: 1 Day Outage: $1.6 B —) $663 M 7 Day Outage: $
Slide 12: Robust Balance Sheet
R NEXTNAV Robust Balance Sheet * Finished first quarter with $188.4MM in cash, cash equivalents and marketable securities * Significant balance sheet flexibility and liquidity to execute strategic plans * No meaningful NextNav CapEx plans tied to deployment of NextGen PNT solution — NextNav Intends
Slide 13: Experienced Leadership Team
R NEXTNAV Experienced Leadership Team A ® Mariam Sorond Chris Gates . Susan Insley Sidd Chenumolu Heather Ritchie John kim 1 Gates Jim Black u ° | Chen < | Senior VP of Chief Executive Chief Financial GS ic ; Chief Operating Chief Business Chief Marketing eee ole. Officer Officer eneral Counsel Offi
Slide 14: NextNav: Next Generation PNT
N NEXTNAV Next Generation PNT