Ico Presentation

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ICO Global

ICO North America

Lehman Brothers Gl b l S t llit C f

Global Satellite Conference London May 2007

ICO and the freedom figure logo are trademarks of ICO Global Communications. All other trademarks are the property of their respective owners.

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Safe Harbor

Thi t ti t i f d l ki t t t i l di

This presentation contains forward-looking statements, including

statements regarding the Company’s plans to develop a next-generation mobile satellite service, and projected timetables for such service. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results Factors that

actual results to differ materially from our expected results. Factors that could cause actual results to differ from our expectations include, among other things, that our and our vendors’ technology might not function properly; that the FCC or another agency could revoke or limit our rights relating to spectrum or satellite operations; that we could lose our rights by failing to meet certain milestones; that our satellite could be delayed,

damaged or destroyed, or that we could fail to obtain sufficient funding to carry out our business objectives. More information about these risk factors is included in our filings with the Securities and Exchange Commission,

including our most recent Annual Report on Form 10-K These including our most recent Annual Report on Form 10-K. These forward-looking statements speak only as of the date of this presentation, and the company expressly disclaims any obligation to update or revise such

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ICO Review: US Domestic

• FCC license for 20 MHz MSS/ATC spectrum at 2.0 GHz • $4.2 Billion at AWS Auction value for comparable

spectrum (F Block)

• Note: ICO’s total enterprise value, including cash, international assets, and a $500 million GEO satellite, launch, and insurance, is $1.5 billion

• Fully fundedFully funded geostationary satellite nearly completedgeostationary satellite nearly completed, preparing for late 2007 launch

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ICO Review: Coverage & Capacity

• MSS/ATC provides Coverage and Capacity • CoverageCoverage viavia

• GEO satellite provided full CONUS coverage • ICO has optimal orbital slot

• Ground Based Beam Forming for flexible coverage

• Scalable Capacity via

• Terrestrial network built in a size and scale to fit product and service offering needs

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ICO G1 Satellite and Space Segment – ICO G1 Satellite and Space Segment –p g Space Systems Loral

p g

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ICO G1 Atlas V Launch Vehicle ICO G1 Atlas V Launch Vehicle -Lockheed Martin Commercial Launch Services Lockheed Martin Commercial Launch Services

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ICO Review: Hybrid System

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ICO Review: Spectrum

• 2 x 20 MHz of contiguous S band 2 GHz spectrum • 2 licensees

• 2 licensees

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ICO Review: Liquidity

• $255 million in cash/equivalents at 3/31/07 $

• $24 million restricted for bond interest

• $84 million of remaining purchase commitments for MSS system through 2007 (satellite launch systems) MSS system through 2007 (satellite, launch, systems) • $147 million available for insurance, terrestrial network,

alpha trials, other vendor initiatives, operationsp p • Insurance estimated at $40-60 million

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ICO Review: International

ICO h ITU di i i i f 2 30 MH f S

• ICO has ITU coordination priority for up to 2 x 30 MHz of S-band spectrum globally

• ICO has requested 2 x 12.5 MHz of S band for EuropeICO has requested 2 x 12.5 MHz of S band for Europe

• Participating in new processes in Europe at CEPT, EU, and Ofcom

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International Actions

• Contract with US Government for services with F2

• Contract with ViaSat for data and voice service trials over F2 • Underway using German SAN and successful to date

• Ongoing vendor discussions about Global multimedia business plan • Selected Alcatel Lucent and Hughes for North America

• Selected University of Surrey for multicast technologies on F2 and MEO

• Selected Fraunhofer Institute for customization of the DVB-SH standard for the ICO MEO satellites

• Evaluating dual launch study and launch options for MEO systemg y p y

• Signed contract to continue to store Boeing MEOs (6 substantially complete) in ICO facility

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ICO F2 Over Africa, Europe, and Asia ICO F2 Over Africa, Europe, and Asia, p , 8:00 AM 2 May 2007

, p ,

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“Filling a need that others aren't addressing has always been a focus of the companies that I have been involved with ”

been involved with.

ICO Chairman Craig McCaw Business Week, July 24, 2006

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Business Opportunity

At l t th lli b i l f th US k t

• At least three compelling business plans for the US market, each with different capital needs and market potential

• A robust dual mode cellular / mobile device that canA robust dual mode cellular / mobile device that can operate on regular way cellular networks as well as to and from our satellite

• A broadband data network driven largely by terrestrial deployment which utilizes the satellite for voice and narrowband data

• A completely new integrated service which incorporates mobile video, interactivity, and navigation

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Business Opportunity: Cellular

• Nationwide Cellular ServiceNationwide Cellular Service

• Up to 20 MHz (10 + 10) nationwide spectrum

available for voice and data build-out starting in 2007

• Supports all terrestrial cellular technologies • Supports all terrestrial cellular technologies

• CDMA, GSM, others

• Emergency Satellite Communications • Satellite communication technologiesSatellite communication technologies

developed to match terrestrial link

• No device size impact

• Minimal handset cost impact (<$5) • Terrestrial build to match service area

• S-band ideal for high capacity mobile network • “Legacy Free” network has lowest cost

equipment equipment

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Business Opportunity: Wireless Broadband

• Nationwide Wireless Broadband

• Up to 20 MHz nationwide for terrestrial service in 2007/2008 with satellite launch

2007/2008 with satellite launch

• Protocol agnostic platform (WiMAX, GSM, CDMA) • Exploding marketp g

• Fully mobile platform for services

• Voice, Data, Messaging, Services

• Dense terrestrial build to match service area

• S-band ideal for high capacity mobile network

C ti t b t ffi i

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ICO MIM: Mobile Video

Current Market Landscape

• Small cell phone screen (320x240) • Current screen size is 2.5”-5”

• Interactivity is a part of the phone not the video product

• Screen size of 7”-10”+

• Integrated interactive media experience

• In car and portable devices

• Advanced devices (DVD players, UMPCs PNDs etc)

UMPCs, PNDs, etc)

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Why Mobile Video?

The bottom line: Verizon Wireless brings mobile entertainment to a new level with its new V Cast

ORLANDO, FLA. — Wireless executives here at this month's ctia wireless 2007 talked about almost everything but voice They talked about mobile tv mobile computers videophones mp3 players and The bottom line: Verizon Wireless brings mobile entertainment to a new level with its new V Cast

Mobile TV, but more simulcast programming would make it a truly rich experience. CNet 4/9/07

everything but voice. They talked about mobile tv, mobile computers, videophones, mp3 players and high-speed wireless-data chips embedded in everyday consumer electronics devices. TWICE 4/9/07

NBC Universal plans to start selling ads for its mobile video programming in May. That’s the latest piece of evidence that the once-scoffed-at business of TV on cellphones is gaining

momentum. RCR Wireless News 4/2/07

3G

Video is a pain point in concerns over 3G's capacity to handle user demands down the road, said American Technology Research analyst Albert Lin. Mobile video's future appears bright -- or worrisome, depending on whether carriers can handle its potential popularity, Lin said. He sees a market of 10 million users in the U.S. alone within two years, though he thinks disappointing experiences could dampen the response. ARNet, 3/29/07

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Mobile Video for Automobiles

• Telematics Research Group (TRG) projects that 60 million cars in the United States will feature automotive auxiliary cars in the United States will feature automotive auxiliary inputs by 2011, up from just 3 million in 2005…or 90% of 2009/2010 models

• TRG reports 90% of rear entertainment purchasers said • TRG reports 90% of rear entertainment purchasers said

they would definitely recommend their system to a friend

• …TRG doesn’t believe mobile satellite units will make it to the back seat “because the antennas are so huge”…

Source: Telematics Research Group Consumer Electronics Association

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Why Interactivity?

OnStar said those with 2004 and newer vehicles will have to go to their dealerships for an upgrade that will cost more than $200. But many other current OnStar customers can expect a letter from OnStar that says their service will run out at the end letter from OnStar that says their service will run out at the end of the year and the only option to have OnStar is to spend

money on a new car. The State Journal, 4/3/07

Dash Express is the smartest, most Internet-connected navigation system on the road. In fact, it's the first and only automotive

navigation system with two-way connectivity. Which means it gets g y y y g you where you want to go—in the fastest time possible—and

delivers the most relevant information—right to your dashboard. Plus, Dash Express is the only device on the market that

automatically and wirelessly updates its maps and software so all automatically and wirelessly updates its maps and software, so all

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Why Navigation?

Portable Navigation Devices (PNDs) – Units Shipped

Why Navigation?

Date Number Average Price

2005 707 000 A t l $ 494 2005 707,000 Actual $ 494 2006 2,245,000 Actual $ 395 2007 3,376,000 Estimated $ 349

2010 9,000,000 Projected

…the flood of portable navigation products into the market has shifted the balance of shipments heavily in favor of PNDs – who currently out-ship their fixed model cousins 20:1…

the availability of services (e g location based services real time …the availability of services (e.g. location based services, real time

traffic info) will also drive future purchases…

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ICO MIM: Device Universe

PNDs

Ultra Mobile PCs Portable DVRs PNDs

Ultra Mobile PCs Portable DVRs

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Why ICO? Domestic Coverage

or in other words why you need a satellite!

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Why ICO MIM?

• Extremely attractive, rapidly growing mobile video y , p y g g

market

• World class vendor: Alcatel Lucent • Standards based technology: DVB

• Convergence of interactivity and navigation on same video screen

• World class vendor: Hughes

• Standards based technology: GMR

R l ti l l it l t t t i l t k

• Relatively low capital cost terrestrial network • Fully leverages ICO’s asset strengths

• Broad satellite coverage • Flexible spectrum usage

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Why ICO?

Success in MSS requires… ICO has…

Satellite assets 95% completep

Launch 95% complete

Contiguous nationwide spectrum 20 MHz S band

C i d bl f di MSS i l

Committed stable funding MSS portion complete

Sponsorship McCaw et al

Board and Managementg Best in class

Governance NASDAQ