Investor Presentaiton

Q1 highlights & progress on strategic imperatives Financial performance Q1 consolidated financial performance in line with plan Revenue up 3.5%; adjusted EBITDA (1) and net earnings down 1.8% and 15.6% respectively Q1'22 included one-time retroactive subscriber revenue adjustment at Bell Media and minimal inflationary cost pressures Capital acceleration to build the best networks On pace with direct fibre buildout plan to approx. 650K new locations in 2023 - - 5G coverage at 83% - growing to 85% of Canadian population by year-end 5G+ coverage on 3.5 GHz spectrum at 40% national coverage on track to reach 46% in 2023(2) Bell Mobility's 5G network recognized for network quality and overall experience (3) High-value wireless subscribers • Total mobile phone and connected device net additions of 97,377, up 20.1% y/y Wireless service revenue up 5.4% y/y Exclusive, multi-year agreement with Staples Canada to sell Bell residential and SMB services • Multi-year agreement with Air Canada: Bell is premier in-flight Wi-Fi sponsor; free in-flight messaging for Aeroplan members; on board SIM card availability (1) Adjusted EBITDA is a total of segment measures. Refer to section Total of segments measures in the Appendix to this document for more information on this measure (2) 71% of addressable population (addressable population excludes population impacted by 5G restrictions near airports and areas where 3.5 GHz spectrum is not yet available due to timing) (3) Opensignal Mobile Network Experience Report (based on data collected from October 1-December 29, 2022); Ookla Q1 2023 Network Performance Report Bell 3

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