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Investor Presentaiton

16 Cogeco Communications' history deleveraging following acquisitions Expected consolidated net debt / Adjusted EBITDA of 3.1x at closing CONSOLIDATED NET DEBT / ADJUSTED EBITDA Atlantic Broadband & Peer 1 Hosting MetroCast Connecticut System Acquisition Acquisition 3.5x 3.3x 3.0x 2.9x 2.3x MetroCast Acquisition Sale of data centers Pro forma for DERY telecom Acquisition Pro forma for WOW! Ohio Cluster Acquisition 3.4x 3.1x 2.6x 2.4x 2.4x FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Q2 FY2021 PFQ4 FY2021 (C) COGECO COMMUNICATIONS ATLANTIC broadband a Cogeco company
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