Slide 1: Welcome to NextGen PNT
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: 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 Single Digit Positioning Accuracy § Everywhere Including Indoors and Urban Areas
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: Summary of NextNav's Proposal
Summary of NextNav’'s Proposal Dies NN's Proposed Solution Current Situation Challenges rop “ Addresses Challenges * Consensus that the U.S. needs a terrestrial backup and complement to GPS for positioning, navigation, and timing (PNT) * The economics of an at-scale, standalone terrestrial PNT netwo
Slide 6: Current and Proposed Band Plan for the Lower 900 MHz
Current Band Plan: 14 MHz in 3 blocks (A, B, C) per EA for “Multilateration Location and Monitoring Service” (M-LMS)* 928 902 904 909.75 900 MHz 900 MHz Broadband Broadband 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 PN
Slide 7: Use Cases Illustrate Need for Terrestrial GPS Complement and Backup
Use Cases Illustrate Need for Terrestrial GPS Complement and Backup Maps, celestial and ‘other navigation tools, a] r¥) Local holdover 6 8 Ground-based PNT systems /\ Wireless timing > delivery Central master docks Terrestrial transmission of timing Source: Homeland Security Operational Analysis Cen
Slide 8: Overview of NextNav's 5G PNT Network Architecture
Overview of NextNav’s 5G PNT Network Architecture IN] nexrnay ce Partner 5G Core Network & Partner Radio Access Network * 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 9: Regulatory timeline
Apr. Sept. Nov. Feb. Mar. 16 20 5 26 6 Aug. Oct. Feb. Feb. Mar. 6 21 21 27 10
Slide 10: 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 11: Robust Balance Sheet
Robust Balance Sheet [X] nextnay Liquidity to Support Continued Growth * Finished fourth quarter with $80.1 MM in cash, cash equivalents and marketable securities * Embedded potential liquidity in balance sheet continued to be realized * $3.5 MM in proceeds from the exercise of additional warrants i
Slide 12: Experienced Leadership Team
Experienced Leadership Team A682 639 R NEXTNAV Mariam Sorond Chris Gates ‘Arun Raghupathy Dr. Sanyogita Jim Black John kim Chief Executive Chief Financial Chief Technology Shamsunder General Senior VP of Technology Officer Officer Officer hief Innovation Office, Counsel J Development 28+ years of ex
Slide 13: Investment Highlights
Investment Highlights Next Generation PNT solution based on 5G Valuable Spectrum Asset with ideal propagation characteristics to power PNT and broadband Robust Balance Sheet with ample liquidity to fund operations Leading Customers & Partners, including AT&T, Verizon and NASA World Class Management,
Slide 14: NextNav Next Generation PNT
N NEXTNAV Next Generation PNT