Investor Presentaiton

LYRB UIA TELECOMMUNICATIONS REVENUE BONDS, SERIES 2019 SECTION X: FINANCIAL MATTERS UIA FINANCIAL INFORMATION FINANCIAL UPDATE Shown below are preliminary cash basis revenues and expenses as compared to the Amended FY 2019 Budget. Also included is the FY 2020 Budget. Operating Revenues FY 2019 BUDGET FY 2019 ACTUALS (PRELIMINARY) PROJECTED % OF BUDGET FY 2020 BUDGET 12,920,600 $13,907,000 107.6% $ 16,806,600 Operating Expenses Marketing and other services 843,800 634,700 75.2 850,200 Network management 3,322,200 2,307,600 69.5 4,480,000 Total Operating Expenses 4,166,000 2,942,300 70.6 5,330,200 Operating profit 8,754,600 10,964,700 125.2 11,476,400 Other revenues/expenses Interest revenue 1,037,500 1,186,500 114.4 1,100,000 Contribution from cities 1,709,500 1,709,500 100.0 Bond proceeds 54,596,500 54,596,500 100.0 Contribution from restricted funds 14,300,000 Transfer to Capl/DSR (4,077,300) (4,077,300) 100.0 Bond issuance costs (1,122,500) (1,161,000) 103.4 Debt service (P&I) (8,353,100) (8,353,100) 100.0 (7,476,500) Repayment of Op/Ex (610,400) (505,600) 82.8 (830,000) Network expansion/capital (50,061,000) (31,162,800) 62.2 (15,200,000) Transfer to Construction Fund (18,300,000) Total other rev/exp (6,880,800) (6,067,300) 88.2 (8,106,500) Net Revenue (Expenses) $ 1,873,800 $4,897,400 261.4% $ 3,369,900 UIA has $6M in reserves and estimates $5.3M in operational expenses in FY 2020. UIA has one full year of operating expenses in cash reserves. We note that the expected increase in FY 2020 operating expenses is due to the following: О Re-evaluation and reimbursement to UTOPIA of executive staff time spent on UIA matters. An increase in contracted service costs payable to UTOPIA based on network addresses passed and number of subscribers. PAGE 35 WE PROVIDE SOLUTIONS

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