Slide 1: Third Quarter 2012 Earnings Call Presentation
+ GlobalStar* Third Quarter 2012 Earnings Call Presentation November 14, 2012 Globalstar
Slide 2: Safe Harbor Language
Safe Harbor Language This presentation contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncert
Slide 3: Third Quarter Highlights and Recent Accomplishments
Third Quarter Highlights and Recent Accomplishments © Continued improvement in Revenue growth Strong _* Fourth consecutive quarter of positive Adjusted EBITDA painancial «Service levels improved significantly; Duplex subscribers significantly increased usage on the network Continued placement of sat
Slide 4: Third Quarter Results Summary
Third Quarter Results Summary * Revenue growth of 13% and Adjusted EBITDA improvement of $6.6 million vs. Q3 2011 * YTD Adjusted EBITDA improved to $7.3 million, representing a $15.4 million improvement over the same period in 2011 * Duplex ARPU has increased throughout 2012 to $18.95 in Q3 2012 fro
Slide 5: Duplex ARPU Restoration and Historical Adjusted EBITDA
Duplex ARPU Restoration and Historical Adjusted EBITDA Duplex ARPU {Constellation service degradation | Operational inflection point i oo 2008 005 2008-2007 2008200820 zat zat ca2012 82012 4 (1) Atusted to excuse non-cash compensation expense, reduction inthe value of asses, freon exchange (gainsMos
Slide 6: Globalstar Value Drivers
Globalstar Value Drivers M4 toweost Second-Gen Satellite Ecosystem om | Resktnrotat Mass Market Products: Offers the industry's lowest cost and highest voice quality Second-generation provides significant cost benefits and network performance enhancements years before our competitors Delivers mobile
Slide 7: Globalstar Value Drivers Roadmap
Globalstar Value Drivers Roadmap Major Initiatives * Constellation — Complete deployment of second-generation satellite constellation and ground network - February 2013 fourth launch - Full constellation service restoration in mid-2013 = Re-launch Duplex service and transition rate plans * Product a
Slide 8: Constellation Update
Constellation Update summary Performance Technical Competitive Advantages Initiated fourth launch activities at the Baikonur Comsmodrome in Kazakhstan = Six new second-generation satellites will be integrated into the constellation with the previously launched satellites by mid-2013 Increased transm
Slide 9: Product and Market Opportunities
Product and Market Opportunities it = Asset Tracking @ Moblie Phones = Additional Market f ‘Opportunities a, seats | | Dune | At Trafic Publi Sasi nagement Safety Expansion ma Tie : + 2,100 “saves” * Leading + Low cost + In partnership + Globalstar Since 2008 voice quality ‘monitoring and with ADS-B
Slide 10: Globalstar U.S. Spectrum Position
Globalstar U.S. Spectrum Position Uplink Band rr a 10.95 MHz of spectium shared with Tris to AWS Band a) eee AS Band Iridium Inmarsat and others 1610 1617.75 1618.725 1626.5 1710 MHz MHz = MHz MHz Miz Downlink Band 16.5MH2 ‘ies Bast The MHe 7 Wi-Fiand others 2483.8 2495 ij 2496 t 2500 MHz | MHz 11MH
Slide 11: Petition for Rulemaking Summary
Petition for Rulemaking Summary On November 13th, Globalstar filed a Petition for Rulemaking with the Federal Communications Commission (“FCC” or the “Commission”) for authority to provide a host of terrestrial mobile broadband services over its spectrum In line with the Commission's proposed Dish N
Slide 12: Existing Wi-Fi Channels are Saturated with High Usage
Existing Wi-Fi Channels are Saturated with High Usage * High channel crowding in existing public Wi-Fi channels (2401-2473), shown below in red and green, is now typical in many parts of the United States and acts as a fundamental limiting factor for both throughput and service quality. * Globalstar
Slide 13: Terrestrial Low Power Service ("TLPS") and AWS-5
Terrestrial Low Power Service (“TLPS”) and AWS-5 ‘The ISM 2.4 GHz WiFi band is the world’s best model for globally harmonized spectrum, however, the U.S. is primarily limited to 11 channels Due to the extreme prevalence of unlicensed Wi-Fi activity, the current use of Channels 1, 6 and 11 is highly
Slide 14: Consumers Can Receive the Benefits of TLPS Almost Immediately
Consumers Can Receive the Benefits of TLPS Almost Immediately * Globalstar’s 2.4 GHz band could be utilized by any compliant 802.11 device immediately after the successful conclusion of the FCC’s rulemaking © Globalstar and its partners can leverage certain existing device-level components and some
Slide 15: Annex A — Adjusted EBITDA Reconciliation
Annex A — Adjusted EBITDA Reconciliation “