client logo here Supplemental Investor Information February 20, 2020 0

Note Regarding Financial Information On September 10, 2019, EchoStar Corporation (“EchoStar”) transferred to DISH Network Corporation (“DISH”) the former portion of its business that managed, marketed and provided (i) broadcast satellite services primarily to DISH and its subsidiaries (“DISH Network”), and Dish Mexico, S. de R.L. de C.V. and its subsidiaries and (ii) telemetry, tracking and control services to satellites owned by DISH Network and a portion of EchoStar’s other businesses, and certain related assets and business operations (the “BSS Transaction”). The BSS Transaction was structured in a manner intended to be tax-free to EchoStar and its shareholders for U.S. federal income tax purposes. Following consummation of the BSS Transaction, EchoStar no longer operates its former BSS business and, as a result, beginning in the third quarter of 2019, the operating results of EchoStar’s former BSS business, except for certain real estate that transferred in the transaction, will be presented as discontinued operations in EchoStar’s condensed consolidated financial statements. The following unaudited financial information for EchoStar for the quarters ending March 31, June 30, September 30 and December 31, 2018 and 2019 reflect these changes for the periods presented. The unaudited financial information is presented based on information currently available and is intended for information purposes only. In addition, the unaudited financial information is not necessarily indicative of EchoStar’s future financial condition or results of operations. The unaudited financial information should be read in conjunction with the audited consolidated financial statements and accompanying notes in Item 15. Exhibits, Financial Statement Schedules and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations included in EchoStar’s Annual Report on Form 10-K for the year ended December 31, 2019. The data presented is based on available information and assumptions that EchoStar’s management believes are reasonable, factually supportable, reflect the impacts of events directly attributable to the BSS Transaction and for purposes of the statements of operations, are expected to have a continuing impact on EchoStar. The adjustments do not reflect future events that may occur after the BSS Transaction. 1

Post BSS Transaction – Continuing Ops ($000) Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Revenue: Services and other revenue $ 370,885 $ 388,207 $ 399,428 $ 398,708 $ 402,668 $ 402,786 $ 406,537 $ 407,280 Equipment revenue 42,947 50,342 56,846 55,275 51,714 57,645 65,725 91,726 Total revenue 413,832 438,549 456,274 453,983 454,382 460,431 472,262 499,006 Costs and expenses: Cost of sales - services and other 138,489 140,842 142,291 142,285 143,347 142,679 143,842 131,485 Cost of sales - equipment 39,071 41,865 46,318 49,346 45,007 46,549 51,188 83,258 Selling, general and administrative expenses 103,257 103,076 107,468 122,287 112,114 149,209 122,629 125,193 Research and development expenses 7,137 6,646 6,545 7,242 6,888 6,388 6,136 6,327 Deprecation and amortization 110,270 113,143 115,324 118,379 118,978 120,267 122,374 129,146 Impairments - - - 65,220 - - - - Total costs and expenses 398,224 405,572 417,946 504,759 426,334 465,092 446,169 475,409 Operating Income 15,608 32,977 38,328 (50,776) 28,048 (4,661) 26,093 23,597 Other income (expense): Interest income 15,635 19,253 21,349 24,038 24,429 23,213 17,175 17,535 Interest expense, net of amounts capitalized (55,055) (54,105) (54,878) (55,250) (53,199) (53,749) (49,865) (94,203) Gains (losses) on investments, net (36,664) 65,396 2,873 (44,227) 6,937 12,855 8,295 825 Equity in earnings (losses) of unconsolidated affiliates, net (1,009) (2,058) 416 (3,303) (6,354) (4,754) (3,209) (417) Foreign currency transaction gains (losses), net 209 (11,689) (4,065) (38) (1,160) 1,753 (15,094) 2,911 Other, net (5) 11,353 817 (916) (41) 7 (1,493) 1,361 Total other income (expense), net (76,889) 28,150 (33,488) (79,696) (29,388) (20,675) (44,191) (71,988) Income (loss) from continuing operations before income taxes (61,281) 61,127 4,840 (130,472) (1,340) (25,336) (18,098) (48,391) Income tax provision, net 4,574 (4,886) (7,962) 1,698 (2,898) (4,692) (5,016) (7,882) Net income (loss) from continuing operations (56,707) 56,241 (3,122) (128,774) (4,238) (30,028) (23,114) (56,273) Net income (loss) from discontinued operations 35,536 21,443 19,624 17,126 19,246 24,968 2,008 (6,821) Net income (loss) (21,171) 77,684 16,502 (111,648) 15,008 (5,060) (21,106) (63,094) Less: Net income (loss) attributable to non- controlling interests 380 462 450 550 806 632 (2,797) (9,976) Net income (loss) attributable to EchoStar Corporate common stock $ (21,551) $ 77,222 $ 16,052 $ (112,198) $ 14,202 $ (5,692) $ (18,309) $ (53,118) EBITDA $ 88,029 $ 208,660 $ 153,243 $ 18,569 $ 145,602 $ 124,835 $ 139,763 $ 167,399 Adjusted EBITDA $ 124,484 $ 145,382 $ 154,435 $ 130,804 $ 139,825 $ 134,731 $ 152,326 $ 155,886 2

Post BSS Transaction – Continuing Ops ($000) Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Segment Operating Results: Revenue Hughes $ 400,818 $ 426,306 $ 444,762 $ 444,642 $ 445,337 $ 451,847 $ 463,735 $ 491,823 ESS 8,264 7,496 6,802 4,669 4,033 3,742 4,098 4,384 Corporate and Other 4,750 4,747 4,710 4,672 5,012 4,842 4,429 2,799 Total $ 413,832 $ 438,549 $ 456,274 $ 453,983 $ 454,382 $ 460,431 $ 472,262 $ 499,006 Adjusted EBITDA Hughes $ 137,564 $ 160,668 $ 167,491 $ 150,809 $ 161,642 $ 155,212 $ 173,298 $ 176,738 ESS 5,933 4,858 4,687 2,286 1,729 1,486 1,791 1,988 Corporate and Other (19,013) (20,144) (17,743) (22,291) (23,546) (21,967) (22,763) (22,840) Total $ 124,484 $ 145,382 $ 154,435 $ 130,804 $ 139,825 $ 134,731 $ 152,326 $ 155,886 Reconciliation of GAAP to Non-GAAP Measurement: Net income (loss) (21,171) 77,684 16,502 (111,648) 15,008 (5,060) (21,106) (63,094) Interest income (15,635) (19,253) (21,349) (24,038) (24,429) (23,213) (17,175) (17,535) Interest expense, net of amounts capitalized 55,055 54,105 54,878 55,250 53,199 53,749 49,865 94,203 Income tax provision (benefit), net (4,574) 4,886 7,962 (1,698) 2,898 4,692 5,016 7,882 Depreciation and amortization 110,270 113,143 115,324 118,379 118,978 120,267 122,374 129,146 Net (income) loss from discontinued operations (35,536) (21,443) (19,624) (17,126) (19,246) (24,968) (2,008) 6,821 Net (income) loss attributable to non-controlling interests (380) (462) (450) (550) (806) (632) 2,797 9,976 EBITDA $ 88,029 $ 208,660 $ 153,243 $ 18,569 $ 145,602 $ 124,835 $ 139,763 $ 167,399 (Gains) losses on investments, net 36,664 (65,396) (2,873) 44,227 (6,937) (12,855) (8,295) (825) Impairment of long-lived assets - - - 65,220 - - - - Litigation expense - - - 2,750 - 24,504 1,824 (627) Vendor settlement - (9,571) - - - - - - License fee dispute - India, net of non-controlling interests - - - - - - 3,940 (7,150) Foreign currency transaction (gains) losses, net (209) 11,689 4,065 38 1,160 (1,753) 15,094 (2,911) Adjusted EBITDA $ 124,484 $ 145,382 $ 154,435 $ 130,804 $ 139,825 $ 134,731 $ 152,326 $ 155,886 3

Note on Use of Non-GAAP Financial Measures EBITDA is defined as “Net income (loss)” excluding “Interest income and expense, net”, “Income tax benefit (provision), net”, “Depreciation and amortization,” “Net income (loss) from discontinued operations,” and “Net income (loss) attributable to noncontrolling interests.” Adjusted EBITDA is defined as EBITDA excluding “Gains and losses on investments, net,” “Foreign currency translation gains (losses), net”, and other non-recurring or non-operational items. EBITDA and Adjusted EBITDA are not measures determined in accordance with US GAAP. EBITDA and Adjusted EBITDA are reconciled to “Net income (loss)” in the table above and should not be considered in isolation or as a substitute for operating income, net income or any other measure determined in accordance with US GAAP. Our management uses EBITDA and Adjusted EBITDA as measures of our operating efficiency and overall financial performance for benchmarking against our peers and competitors. Management believes that these non-GAAP measures provide meaningful supplemental information regarding the underlying operating performance of our business and are appropriate to enhance an overall understanding of our financial performance. Management also believes that EBITDA and Adjusted EBITDA are useful to investors because they are frequently used by securities analysts, investors, and other interested parties to evaluate the performance of companies in our industry. 4