Slide 1: Investor Presentation
Investor Presentation October 2025
Slide 2: Safe Harbor
Safe Harbor This presentation contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, revenue trends in 2025 and 2026 and three-year revenue pipeline. These forward-looking statem
Slide 3: Company Overview
Company Overview Pioneer in Bitcoin Treasury and Leading Provider of Semiconductors for Cellular IoT Global Presence BTC Treasury IoT Business Headquartered in France 3,234 BTC(1) $16.3 M >200 Team Among the top 30 largest Revenue in H1 2025 80% Engineering public bitcoin treasury company worldwide(
Slide 4: Bitcoin Treasury Update
Bitcoin Treasury Update ▪ 3,234 BTC holding(1) ▪ BTC NAV at ~$391 million(2) ▪ Among Top 30 largest public Bitcoin Treasury companies(3) ▪ Unique European Bitcoin Treasury company listed in the US ▪ More KPI available on : sequans.com/bitcoin-treasury (1) As of 3rd October 2025 (2) with a BTC at ~ $
Slide 5: Bitcoin Treasury Strategy
Bitcoin Treasury Strategy 2025 : Continue To Expand Bitcoin Reserve through three primary channels ▪ Deploying a portion of the available cash on our balance sheet ▪ Utilizing net proceeds expected from the exercise of common warrants issued in the offering successfully closed on July 7 ▪ Allocating
Slide 6: Growth Opportunities in Key IoT Markets
Growth Opportunities in Key IoT Markets Leading Market Position Market Share Gain Opportunity Smart Meters Healthcare Asset Tracking Smart City Security Systems Telematics Industrial Space & Defense Wearable Payment Industry Leaders Trust Sequans’ Technology Sequans Communications ©2025 | 6
Slide 7: Transforming Product Design Pipeline in Revenue
Transforming Product Design Pipeline in Revenue Line-of-sight to Product Revenue supporting break-even goal in 2026 Growth supported by both Qualified Opportunities existing and new D-Wins, and new products launches Product Pipeline of $485M Product revenue : Design Wins & Ins • $250M in Design-Wins
Slide 8: Financial Overview
Quarterly Revenue Breakdown Financial Overview $9.7 M $8.1 M $8.1 M Revenue: $8.1M Q2 2025 $7.2 $4.3 $4.5 Product Revenue of $3.85M up 10% Q/Q and 59% Y/Y. Expected to ramp in the second half of 2025 and in 2026, driven mainly by the move of more design win projects $3.5 $3.9 from the development ph
Slide 9: Key Take Aways
Key Take Aways Bitcoin Treasury IoT Business Expand our Bitcoin reserves to drive long- Setting the Stage for Sustainable Growth term value for our shareholders ✓ Revenue Growth Primarily from Product Revenue ✓ Short-term plan for the H2 2025 to continue the momentum established with the initial lau
Slide 10: Appendix
Appendix • Capitalization Table Sequans Communications ©2025 | 10
Slide 11: Capital - fully diluted as of September 17, 2025
Capital - fully diluted as of September 17, 2025 Shares ADS 09-17-2025 Total issued shares/ADS 1,433,244,172 14,332,442 Fully Diluted, assuming all warrants/SO exercised: Bitcoin deal convertible debt 900,000,000 9,000,000 Bitcoin deal pre-funded warrants 222,458,520 2,224,585 Bitcoin deal common wa
Slide 12: THANK YOU!
THANK YOU! Investor Relations: David Hanover / Robert Kelly ir@sequans.com linkedin.com/company/sequans-communications/ linkedin.com/company/sequans-communications/ twitter.com/Sequans twitter.com/Sequans youtube.com/user/SequansIoT youtube.com/user/SequansIoT sequans.com sequans.com Sequans Communi