Investor Presentation 2020

Key Credit Strengths 1 FTTH: Fiber-to-the-home technology. 22 Largest telecom operator in the MENA region ▸ Market cap of SAR 203.6 bn (USD 54 bn), and presence in 4 countries (as of 31-Dec-19) Experienced best-in-class management team ▸ Management team has significant experience across telecom products & markets and has a proven track record of delivery 8 1 2 Strong financial performance Consistent growth in EBITDA Margin (14% since 2016) Extensive & developed telecommunications infrastructure Largest fixed line network in Saudi Arabia. Comprehensive cross-border network serving all operators in MENA. ▸ Regional pioneer in 5G & FTTH deployment¹ Sound business and growth strategy ► Given its strong financial position, stc is able to swiftly capitalize on growth opportunities via organic and inorganic growth 7 || stc || 3 6 4 5 Strong Government links and strategic importance 70% government ownership; national flagship company; significant contributor to non-oil GDP and employment. Strong balance sheet and Healthy Cash Flow Well placed to gain access to efficient, substantial levels of debt to fund future investments if needed. Market leadership in Saudi Arabia (the largest market in the region) ▷ 71% market share by revenue, as of 31-Dec-19 Investor Presentation 2020 | stc group stc

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