| Disclaimer / "Safe Harbor" Statement This presentation does not, in any jurisdiction, and in particular not in the U.S., constitute or form part of, and should not be construed as, any offer for sale of, or solicitation of any offer to buy, or any investment advice in connection with, any securities of Satmex nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. No representation or warranty, express or implied, is or will be made by Satmex, its directors, officers, employees, counsels or advisors or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation, and any reliance you place on them will be at your sole risk. Without prejudice to the foregoing, none of Satmex, its directors, officers, employees, counsels or advisors accept any liability whatsoever for any loss however arising, directly or indirectly, from use of this presentation or its contents or otherwise arising in connection therewith. This presentation contains forward-looking statements about Satmex, including but not necessarily limited to our anticipated financial performance, business trends and prospects, strategic priorities, and similar statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are based on current information and expectations. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including intense competition in the satellite industry, the vulnerability of in-orbit satellites, rapid technological changes in the satellite industry, our dependence on the satellite industry for most of our revenues, our ability to obtain additional financing, the fluctuation of the U.S. Dollar-Mexican Peso exchange rate and other risks and uncertainties noted in our Securities and Exchange Commission filings, including our Annual Report on Form 20-F for the year ended December 31, 2008, and subsequent filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This presentation contains non-U.S. GAAP financial measures, such as EBITDA and EBITDA Margin. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. EBITDA Margin is computed as the percentage EBITDA bears to revenues. EBITDA is not a recognized term under U.S. GAAP. EBITDA does not represent net income or cash flows from operations, as these terms are defined under U.S. GAAP, and should not be considered as alternatives to net income as an indicator of operating performance or to cash flows as a measure of liquidity. Additionally, EBITDA is not intended to be a measure of cash flow available to management for discretionary use, as this measure does not consider certain cash requirements such as capital expenditures, tax payments and debt service requirements. EBITDA and EBITDA Margin as presented herein are not necessarily comparable to similarly titled measures reported by other companies. EBITDA and EBITDA Margin are presented herein because Satmex uses such information in its review of management and in performance of its business. For reconciliations of the non-U.S. GAAP financial measures to the most comparable U.S. GAAP financial measures, see the Financial Appendix. |
