Ast Spacemobile, Inc. · NASDAQ:ASTS

Ast Spacemobile — Investor Presentation (May 2025)

30 slides from Ast Spacemobile's investor presentation, May 2025

1. Slide 1: Transforming how the world connects

   Transforming how the world connects NASDAQ: ASTS Investor Presentation May 2025 ast-science.com

2. Slide 2: Forward Looking Statements

   Forward Looking Statements This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be id

3. Slide 3: Building the First and Only Space-Based Cellular Broadband Network

   Building the First and Only Space-Based Cellular Coverage everywhere Broadband Eliminates cellular coverage gaps and dropped connections globally Compatible with existing devices https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Network Update.pptx?rlke

4. Slide 4: Space-Based Connectivity Direct-to-Device Technology (5G + 4G LTE)

   Space-Based Connectivity Direct-to-Device Technology (5G + 4G LTE) “We are excited to bring this Everyday smartphones from all major revolutionary technology to the world. We believe space-based brands compatible with AST SpaceMobile https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobi

5. Slide 5: Market Opportunity is Deep, Untapped, and Expanding

   Market Opportunity is Deep, Untapped, and Expanding $1.1 Trillion global mobile wireless services market 5.6 Billion mobile phones and devices moving in and out of coverage https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.pptx?rlkey=psp10b3z1tnz

6. Slide 6: Robust Network of Leading MNOs as Investors, Partners, and Customers

   Robust Network of Leading MNOs as Investors, Partners, and Customers MNO agreements span nearly every large country (excl. China & Russia) Leverages existing 5.6 billion mobile phones and devices https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.

7. Slide 7: 95% Vertically-Integrated Manufacturing

   95% Vertically-Integrated Manufacturing ~200,000 sq. ft. of manufacturing in Midland, TX, with capacity to produce up to 6 satellites per month during the fourth quarter of 2025 TEXAS https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- TEXAS SITE 1 Update

8. Slide 8: BlueWalker 3

   https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.pptx?rlkey=psp10b3z1tnznjmh366euor0g&st=upegm0cp&dl=0 8 8 ast-science.com BlueWalker 3

9. Slide 9: History Made & Proven Technology

   History Made & Proven Technology Connecting everyday smartphones directly from space with BlueWalker 3 September 2023 In a 5G first-ever, we demonstrated space-based 5G 5G Voice Calls connectivity by placing a call 14 Mbps Data Rate from Maui, Hawaii, USA, to a (Per 5MHz Channels) Vodafone engineer

10. Slide 10: Block 1

    AST SpaceMobile Block 1

11. Slide 11: BlueBird 1-5

    https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.pptx?rlkey=psp10b3z1tnznjmh366euor0g&st=upegm0cp&dl=0 11 11 ast-science.com BlueBird 1-5

12. Slide 12: First Five Commercial Satellites Reach Low Earth Orbit Successfully in September 2024

    First Five Commercial Satellites Reach Low Earth Orbit Successfully in September 2024 https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.pptx?rlkey=psp10b3z1tnznjmh366euor0g&st=upegm0cp&dl=0 12 ast-science.com

13. Slide 13: First Five BlueBird Commercial Satellites Fully Operational

    First Five BlueBird Commercial Satellites Fully Operational USA Successfully conducted capability demonstrations of two-way video call transmission with AT&T, Verizon, and Vodafone using unmodified smartphones in premium low-band wireless spectrum https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp

14. Slide 14: 850 MHz Spectrum, 5,600+ Cells, ~100% Coverage Target

    850 MHz 5,600+ Target ~100% ~70% Premium Cells Geographical US Mobile Spectrum Coverage Users https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024- Quarterly-Business-Update.pptx?rlkey=psp10b3z1tnznjmh366euor0g&st=upegm0cp&dl=0 14 ast-science.com

15. Slide 15: Latest Status

    AST SpaceMobile n =) ~ © ~Y Y ~ n fed) ~Y © |

16. Slide 16: Accelerated Satellite Production and Manufacturing

    Accelerated Satellite Production and Manufacturing Planning and production of 40 Block 2 BlueBird satellites underway at manufacturing facilities in Midland, Texas Accelerated procurement of components and materials needed to complete fully assembled microns and phased array for over 50 satellites i

17. Slide 17: Planned Orbital Launch Schedule for the Largest-Ever Commercial Satellites in LEO

    Planned Orbital Launch Schedule for the Largest-Ever Commercial Satellites in LEO Announced multi-provider satellite orbital launch plan with five contracted launches over the next six to nine months Anticipate orbital launches every one to two months on average during 2025 and 2026 https://www.drop

18. Slide 18: Completed Bring-Up and Initial Validation of Custom ASIC with TSMC

    Completed Bring-Up and Initial Validation of Custom ASIC with TSMC ASIC chips are currently undergoing assembly and testing stages while the validation and qualification stages are nearing completion Represents a competitive advantage developed over five years, https://www.dropbox.com/scl/fi/qvqhw6d

19. Slide 19: Continued Strong Progress on Regulatory Approvals and Spectrum-Related Topics

    Continued Strong Progress on Regulatory Approvals and Spectrum-Related Topics Received Special Temporary Approval (STA) from the FCC for FirstNet evaluation on public safety’s Band 14 spectrum, supporting mission-critical capabilities with direct-to-device cellular broadband connectivity https://www

20. Slide 20: SpaceMobile Two-Way Broadband Video Call Initial Activations in U.S., Europe, and Japan

    SpaceMobile Two-Way Broadband Video Call Initial Activations in U.S., Europe, and Japan Two-way broadband video calls using unmodified smartphones enabled by a Block 1 BlueBird satellite over U.S., Europe, and Japan https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarter

21. Slide 21: Expected Second Half 2025 Revenue Opportunity of $50 – $75 Million

    Expected Second Half 2025 Revenue Opportunity of $50 – $75 Million Company plans to activate initial cellular broadband capabilities across the United States, Europe and Japan with AT&T, Rakuten, Verizon, and Vodafone using premium low-band wireless spectrum Ramping up activities under the previousl

22. Slide 22: Announced Plans for Vodafone European Distribution Entity

    Announced Plans for Vodafone European Distribution Entity Long-term partnership dating to 2018 MAR 2025 Announced plans to form joint AST SpaceMobile and Vodafone European Direct-to-Device service provider FEB 2025 Announced plans for University of Málaga launch space and land mobile broadband resea

23. Slide 23: Spectrum Agreement for Access to up to 45 MHz in U.S.

    Spectrum Agreement for Access to up to 45 MHz in U.S. 80+ year usage rights for a large block of a scarce resource of mid-band spectrum Existing low-band 3GPP strategy Enhances potential of growing in-orbit cellular broadband network, expanding is enhanced with new potential subscriber capacity whil

24. Slide 24: AST SpaceMobile Differentiation

    AST SpaceMobile Differentiation Only pure-play, low Earth orbit (LEO) broadband communications company that is publicly traded today Novel technology solution applicable to global cellular market of 5.6 billion mobile phones and devices, and the related $1.1+ trillion TAM 1 https://www.dropbox.com/s

25. Slide 25: Appendix

    Appendix https://www.dropbox.com/scl/fi/qvqhw6dbyxxz27aewn1fp/AST-SpaceMobile-Q2-2024-Quarterly-Business- Update.pptx?rlkey=psp10b3z1tnznjmh366euor0g&st=upegm0cp&dl=0 25 ast-science.com

26. Slide 26: Company Snapshot

    Company Snapshot Founder-led leadership and deep team with decades of successful execution Abel Avellan • 25+ years space industry experience • Co-inventor of 21 U.S. Patents Chairman and CEO • Former Founder and CEO of EMC (Emerging Markets Comms.) Global Infrastructure until $550mm sale in 2016 •

27. Slide 27: SpaceMobile Will Connect Directly to Everyday Mobile Phones

    SpaceMobile Will Building the first and only space-based cellular broadband network Connect Directly Giant total addressable market Global wireless services market generates over $1.1 trillion in annual revenue via 5.6 billion mobile phones and devices to Everyday Revolutionary tech, over 3,650 pate

28. Slide 28: 5.6 Billion Mobile Phones and Devices

    Global wireless services market generates over $1.1 trillion in annual 5.6 Billion revenue, with a backdrop of evolving and imperfect networks Mobile Phones Global Population – 8.15 billion and Devices Globally 3.4bn 5.6bn 5.6 billion move in and out of coverage as unique cellular they live, work, s

29. Slide 29: Satellite-to-Cellular Architecture is Transparent to End User

    Satellite-to-Cellular Architecture is Transparent to End User Differentiated approach compared to existing space-based communications Satellites in low Earth orbit to offer low-latency and attractive look angles Large satellites designed to create over 1 million fixed terrestrial cells globally with

30. Slide 30: ast-science.com

    ast-science.com

AST SpaceMobile — Investor Presentation (May 2025) on 6ix