Slide 1: ST: The LEO opportunity
ST: The LEO opportunity Remi El-Ouazzane President, Microcontrollers, Digital ICs and RF products Group May 4, 2026
Slide 2: Forward looking information
Forward looking information Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934
Slide 3: Orbital infrastructure landscape
Orbital infrastructure landscape Exploration probes 1.5M km Radio satellites Broadcast satellites Meteorological satellites Radio-navigation satellites (GNSS) SATCOM satellites Orbital data centers Earth exploration satellites LEO satellites 408 km 3
Slide 4: ST's 45+ year experience in Space
ST’s 45+ year experience in Space EUTELSAT KONNECT VHTS CHANG’E 6 JAMES WEBB 4 4 ARIANE6 SPACEX MINI LASERS STARLINK SATELLITES & USER TERMINALS
Slide 5: ST's LEO leadership at scale
ST’s LEO leadership at scale ST LEO revenues ~$600M CAGR ~36% Leading position ~$175M in LEO market 2021 2025 5
Slide 6: Key enablers behind large-scale LEO disruption
Key enablers behind large-scale LEO disruption Satellites Lighter, smarter, software-defined satellites at industrial scale. User terminals High-volume, cost-efficient Launches antennas for mass-market Affordable, frequent, LEO connectivity. reusable access to space. 6
Slide 7: Expanding services fueling LEO growth
Expanding services fueling LEO growth Broadband Direct-to-cell Orbital data center LEO services spending to hit $14.8B globally in 2026 +24.5% Y/Y* 7 *Source: Gartner 2026
Slide 8: Boosted by the proliferation of LEO constellations
Boosted by the proliferation of LEO constellations Broadband Direct-to-cell Orbital data center Orbital Chenguang New business models and massive private investment are accelerating deployment 8
Slide 9: Explosive growth in LEO satellite communications ecosystem
Explosive growth in LEO satellite communications ecosystem Tbps deployed in space Millions of LEO Gateways (downlink) subscribers Disruption in capacity created by Backhaul infrastructure growing Exponential growth fueled latest launcher generation linked to area coverage by new entrants 10x Tbps >4
Slide 10: ST and SpaceX: Connecting the unconnected
ST and SpaceX: Connecting the unconnected 10 years of co-designing products for user terminals and satellites, building Starlink global broadband network 10
Slide 11: ST at the heart of Starlink's scale
ST at the heart of Starlink’s scale >7.5 billion ICs delivered to date 19,800m² of active silicon 12000 35 FD-SOI BiCMOS 30 10000 ► Equivalent size of 4 American football fields 25 8000 Cumulative ICs delivered Cumulative UTs 20 6000 15 4000 10 2000 5 0 0 2021 2022 2023 2024 2025 2026 ICs (Millions)
Slide 12: ST enables satellites capacity scale up
ST enables satellites capacity scale up v1.5 Downlink capacity Tbps V2-Mini V2-Mini-D2C 40x 10’s Gbps v3 v3 v1.5 12
Slide 13: ST's opportunity in the fast growing LEO Broadband market
ST’s opportunity in the fast growing LEO Broadband market 2025 2028 2030 LEO credibility & viability proven by Starlink More constellations being deployed, including D2C China constellation deployment Understanding of LEO strategic importance Developments for strategic independence LEO Satellite par
Slide 14: ST's comprehensive product offering for LEO
ST’s comprehensive product offering for LEO Satellites Gateways User terminals Processor / logic Site control Antenna array • Rad-hard ASICs and FPGAs • MCU • RF Front-end • Rad-capable MCUs • Power management ICs • Beamforming ASICs • Memories • Flight controller & modem Signal processing Modem / S
Slide 15: Why ST technology dominates LEO
Why ST technology dominates LEO Technology enabler for ASIC & MCU The winning combo for LEO user terminal front-end module FD-SOI BiCMOS PLP ► 300 mm wafer for high-volume FD-SOI ► 200 mm wafer for high-volume B9MW ► Very high-volume panel-level packaging ► 300 mm wafer for leading-edge B55X ► Versa
Slide 16: ST fuels innovation with Starlink
ST fuels innovation with Starlink “The STM32V8’s high computing performance and integration of large embedded memory and digital features were critical in meeting our demanding real-time processing requirements, while providing a higher level of reliability and robustness to Low Earth Orbit environm
Slide 17: ST's Space business ambition
ST’s Space business ambition Well above $3 billion over the next 3 years ('26-’28) Expected generated cumulative revenues given the current market trends Remaining the leading semiconductor provider in New Space 17
Slide 18: Takeaways
Takeaways Major disruption for space is driving LEO explosive growth ST’s manufacturing independence and unique technologies for Space A differentiated portfolio spanning every LEO layer LEO SAM: ~$3B by 2030, 4x vs 2025 $3B+ space cumulative revenue in 2026–28, leading Space semis Orbital data cent