ICO GlobalICO Global ICO North America

Investor ConferenceR t Vi i iReston, Virginia

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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Thi t ti t i f d l ki t t t i l diThis 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 thatactual 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, the possibility 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 TheseCommission, 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 statements.

AgendaAgenda

Agenda and SummaryAgenda and SummaryAgenda and SummaryAgenda and Summary

Time Topic Presenter

10:30-11:00 Overview Tim Bryan, CEO10:30 11:00 Overview Tim Bryan, CEOCraig Jorgens, President

11:00-12:15 Technology David Zufall, SVP GroundOlivier Coste Alcatel LucentOlivier Coste, Alcatel LucentMatthew Mohebbi, HNS

12:15-12:45 Satellite Bob Day, SVP Space12:45-1:00 Legal/Regulatory John Flynn EVP Legal12:45-1:00 Legal/Regulatory John Flynn, EVP Legal1:00-1:30 International Donna Alderman, EVP1:30-2:00 Additional Q & A Tim Bryan, CEO

OverviewTim Bryan CEOTim Bryan, CEO

Craig Jorgens, President

The Past 18 MonthsThe Past 18 MonthsThe Past 18 MonthsThe Past 18 Months

August 2005 April 2007August 2005 April 2007What was expected What we did Hit or Miss

Increase to 20 MHz from 8 MHz Obtained 20 MHz HitBuild GEO satellite Built GEO satellite HitDevelop business plan, product Alcatel Lucent, Hitand technology Qualcomm, HNS

Effectively use proceeds Best contracts HitEffectively use proceeds Best contracts HitSEC/NASDAQ/Governance Done Hit

Strategic Partner Work in progress! Miss, but…g p g ,still at the plate

ICO TimelineICO TimelineICO TimelineICO Timeline

May 2007 – ICO holds Investor Conference

May 2007 – ICO announces Alcatel Lucent and HNS as key

technology partners

February 2007 – FCC grants milestone relief

November 2006 – requested milestone relief from FCC

technology partners

September 2006 – ICO lists shares on NASDAQ

June 2006 – ICO G becomes a public filer with the SEC

May 2006 – signed gateway contract with Hughes

March 2006 – signed launch contract with Atlas

December 2005 Spectrum allocation increased to 20MHz

August 2005 – ICO NA raises $650 million in convertible debt

The Next 12 MonthsThe Next 12 MonthsThe Next 12 MonthsThe Next 12 Months

What is expected When

Contract for spare satellite Summer 2007MEO ser ice trials E rope S mmer 2007MEO service trials, Europe Summer 2007Apply for ATC in US Fall/Winter 2007Boeing lawsuit trial Fall/Winter 2007Launch/operate G1 satellite November/December 2007Conduct an alpha trial in US Spring 2008

ICO Review: DomesticICO Review: DomesticICO Review: DomesticICO Review: Domestic

• FCC license for 20 MHz MSS/ATC spectrum at 2.0 GHzp

• $4.2 Billion at AWS Auction value for comparable spectrum

• Fully funded geostationary satellite nearly completed, i f l t 2007 l hpreparing for late 2007 launch

• Next generation high powered satellite

ICO Review: Coverage & CapacityICO Review: Coverage & CapacityICO Review: Coverage & CapacityICO Review: Coverage & Capacity

• MSS/ATC provides Coverage and Capacity• Coverage viaCoverage via

• GEO satellite provided full CONUS coverage• ICO owns its own 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• Hundreds of towers (Sirius) to thousands of towers (Sprint)Hundreds of towers (Sirius) to thousands of towers (Sprint)

ICO Review: Hybrid SystemICO Review: Hybrid SystemICO Review: Hybrid SystemICO Review: Hybrid System

ICO Review: SpectrumICO Review: SpectrumICO Review: SpectrumICO Review: Spectrum

• 2 x 20 MHz of contiguous S band 2 GHz spectrum• 2 licensees• 2 licensees• 2 x 10 MHz allocation for ICO

ICO Review: LiquidityICO Review: LiquidityICO Review: LiquidityICO Review: Liquidity

• $288 million in cash/equivalents at 12/31/06$• $48 million restricted for bond interest

• $87 million of remaining purchase commitments for MSS system through 2007 (satellite launch systems)MSS system through 2007 (satellite, launch, systems)

• $153 million available for insurance, terrestrial network, alpha trials, other vendor initiatives, operationsp p• Insurance estimated at $40-60 million• Alpha trial estimated at $30-40 million

ICO Review: InternationalICO Review: InternationalICO Review: InternationalICO 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• Maintaining our ITU priority position

“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 McCawBusiness Week, July 24, 2006

Business OpportunityBusiness OpportunityBusiness OpportunityBusiness 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

Business Opportunity: CellularBusiness Opportunity: CellularBusiness Opportunity: Cellular 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 technologiesdeveloped 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 equipmentequipment

• Significant engineering work completed

Business Opportunity: CellularBusiness Opportunity: CellularBusiness Opportunity: CellularBusiness Opportunity: Cellular

• ICO (early 2006) signed a contract with Qualcomm to develop a variation of EVDO for satellite usedevelop a variation of EVDO for satellite use

• Deliverables due later this year

• Standard Qualcomm development platform• Standard Qualcomm development platform

• Demonstrate satellite interactivity to small devices

FPGA b d l i t hi t• FPGA based evolving to chipset

• CDMA modified for GEO and antenna size

Business Opportunity: Wireless BroadbandBusiness Opportunity: Wireless BroadbandBusiness Opportunity: Wireless BroadbandBusiness Opportunity: Wireless Broadband

• Nationwide Wireless Broadband• Up to 20 MHz nationwide for terrestrial service in

2007/2008 with satellite launch2007/2008 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• Contiguous spectrum = best efficiency

ICO Mobile Interactive Media (MIM)ICO Mobile Interactive Media (MIM)ICO Mobile Interactive Media (MIM)ICO Mobile Interactive Media (MIM)

ICO MIM: Mobile VideoICO MIM: Mobile VideoICO MIM: Mobile VideoICO MIM: Mobile Video

Current Market LandscapeCurrent 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)

Future Landscape

Why Mobile Video?Why Mobile Video?Why Mobile Video?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

3GVideo 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, 3/29/07experiences could dampen the response. ARNet, 3/29/07

Why Mobile Video?Why Mobile Video?Why Mobile Video?Why Mobile Video?

• The analyst community expects that more than 100 million worldwide customers will use Mobile TV services by 2011

• Informa Telecoms and Media forecasts $8.35 billion in worldwide revenue from mobile video by 2011

• Worldwide there are more than 100 companies developing or deploying components and devices based on the DVB standard…proponents claim 1.5 second channel changing time, 30 h l f li TV d 3 5 h f b tt lif30+ channels of live TV, and 3.5 hours of battery life

Source: Informa Telecoms and MediaConsumer Electronics AssociationConsumer Electronics Association

Mobile Video for AutomobilesMobile Video for AutomobilesMobile Video for AutomobilesMobile Video for Automobiles

• Telematics Research Group (TRG) projects that 60 million cars in the United States will feature automotive auxiliarycars 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 GroupConsumer Electronics Association

Why Interactivity?Why Interactivity?Why Interactivity?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 endletter 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 gyou 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 allautomatically and wirelessly updates its maps and software, so all you have to do is drive. Dash Website

Why Navigation?Why Navigation?

Portable Navigation Devices (PNDs) – Units Shipped

Why Navigation?Why Navigation?

Date Number Average Price

2005 707 000 A t l $ 4942005 707,000 Actual $ 4942006 2,245,000 Actual $ 3952007 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…

Source: Consumer Electronics Association

ICO MIM: Device UniverseICO MIM: Device UniverseICO MIM: Device UniverseICO MIM: Device Universe

PNDsUltra Mobile PCs Portable DVRs PNDsUltra Mobile PCs Portable DVRs

Portable DVDs Laptops PSPs

ICO MIM: Market PricingICO MIM: Market PricingICO MIM: Market PricingICO MIM: Market Pricing

Company Service Retail

VCast Video $15.00$VCast Video + data $25.00MobiTV Video $19.99Sprint Video/data/nav $20 00

ICO MIM

Video 8-15 channels

I i i iSprint Video/data/nav $20.00XM/Sirius Audio $11.00OnStar Basic Emergency $16.95

Interactive navigation

Emergency voice

Text messaging

$15 25Verizon GPS Nav $ 9.99Cingular GPS Nav $ 9.99Sirius/3 video Video $ 7.00

$15-25

$

Source: Web sites, press reports

CPGA/ARPUCPGA/ARPUCPGA/ARPU CPGA/ARPU

Company CPGA ARPU RatioCompany CPGA ARPU Ratio

Verizon $200-300 $ 51 3.9-5.9T Mobile $299 $ 52 5.8Sprint $250-350 $ 60 4.2-5.8Leap $172 $ 44 3.9pXM/Sirius $110 $ 11 10.0MetroPCS $118 $ 43 2.7

ICO MIM (Target) In range

Source: Company reports, analyst estimates

Consumer AdoptionConsumer AdoptionConsumer AdoptionConsumer Adoption

P t ti R tPenetration RatesActual and Projected

160180

ers s

80100120140

Cus

tom

e

Extrapolated

20406080

llion

s of

Cellular

020

1 5 10 15 20

Mi

Satellite TV

SatelliteYears From Launch Radio

Source: CTIA, Company, CSFB Estimates

Why ICO? CoverageWhy ICO? CoverageWhy ICO? CoverageWhy ICO? Coverage

or in other words why you need a satellite!…or, in other words, why you need a satellite!

Why ICO? SpectrumWhy ICO? SpectrumWhy ICO? SpectrumWhy ICO? Spectrum

or in other ords h o need 20 MH of S band…or, in other words, why you need 20 MHz of S band 2-way mobility spectrum!

Good Better Best

6 MHz 12-12.5 MHz 20 MHz

FLO Hi Wire ICOModeo XM

Sirius

Why ICO MIM?Why ICO MIM?Why ICO MIM?Why ICO MIM?

• Extremely attractive, rapidly growing mobile video market

• Convergence of interactivity and navigation on same video screen

• Relatively low capital cost terrestrial network

• Fully leverages ICO’s asset strengths• Broad satellite coverage

Fl ibl t• Flexible spectrum usage

Why ICO?Why ICO?Why ICO?Why ICO?

Success in MSS requires… ICO has…

Satellite assets 95% completepLaunch 85% completeContiguous nationwide spectrum 20 MHz S bandC i d bl f di MSS i lCommitted stable funding MSS portion completeSponsorship McCaw et alBoard and Management Best in classgGovernance NASDAQAlignment Management = Shareholders