Sequans Communications (SQNS) Investor Presentation summary

Strategic objectives

• Targeting acquisition of 100,000 Bitcoin by 2030, reflecting a bold long-term accumulation goal.

• Strategy aims to maximize Bitcoin per share and create long-term value for shareholders.

• Focus on institutional credibility through investment-grade, Bitcoin-backed credit instruments.

• Emphasis on robust risk management and a resilient execution framework to withstand market volatility.

• Partnership with Swan B to support execution and credibility.

Implementation roadmap

• Initial phase (2025): Establish treasury foundation via equity issuance, convertible debt, and prudent leverage.

• Scale phase (2026-2027): Accelerate growth through asset monetization, targeted equity issuance, and Bitcoin-backed credit instruments.

• Optimize phase (2028+): Refine capital structure and product mix to ensure durable balance sheet performance.

Key financial targets and metrics

• Average annual Bitcoin yield target set at 50%+.

• Long-term leverage target of 30% to maintain prudent risk.

• Over $30 billion targeted in capital raised.

• Preferred equity capital raise ratio target of 40%.