Investor Presentaiton

↑ ↑ ↑ OVERVIEW OF OUR FY21 Operational and Financial highlights Our main brands were consolidated under Telecom, Telecom Personal, and Flow Our prices were increased according to local inflation Our 2021 annual capex amounted to USD 833 MM. Our capex to sales ratio has been of 20.1%, well above industry's standards T → Our subsidiary in Paraguay is very solid. Revenues and EBITDA in hard currency continued increasing Our main debt maturities due 2021 were refinanced or repaid. → Our cash flow generation is strong ↑ -> Our network is very solid and has the best technology → We have achieved an EBITDA Margin of 31.2% → → Our bad debt level has been of 1.9% of revenues, well below industry's standards ↑ ↑ ↑ We have launched our Fintech company having more than 14 thousand clients as of today Our support to our employees in terms of COVID 19 has been and will continue to be a priority We have increased the number of clients (vs. FY20) in our 3 main products telecom personal | flow ↑ ↑ -> 3 We have accessed the local capital markets for relevant amounts using peso inflation adjustment bonds or dollar linked bonds We are analyzing additional drivers of growth related to our industry in our country or abroad We are very much focused on improving our ESG issues and using best in class practices We have launched a new IR website, improving the way we communicate with our investors We have improved our vendor financing sources, mainly CDB, EDC, and Finnvera

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