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Investor Presentaiton

18| 2020 Cable performance -% Revenue ($M) ($M) 3,956 3,946 +1% Adjusted EBITDA +50 bps Adjusted EBITDA margin (%) 1,919 1,935 49.0 48.5 2019 2020 2019 2020 2019 2020 Total customer relationships1 Internet net adds Penetration (000s) (000s) (%) 2,530 2,510 104 56.1 57 55.3 2019 2020 2019 2020 2019 2020 1. In September 30, 2020, we acquired approximately 2,000 Internet subscribers and customer relationships as a result of our acquisition of Ruralwave Inc. and on October 1, 2020, we acquired approximately 5,000 Internet subscribers and 6,000 customer relationships as a result of our acquisition of Cable Cable Inc.. Both of these acquisitions are not included in net additions, but do appear in the ending total balance for December 31, 2020
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