Investor Presentaiton

Resilient Balance Sheet and Improved Debt Structure Q2 2022 Balance Sheet Strength ☐ Cash balance $295 million; total available liquidity1 $715 million о Free Cash Flow including net proceeds from real estate sales of $127 million No debt maintenance covenants No material debt maturities prior to 2026 ➤ ABL Facility Refinancing Replaced existing ABL Facility due June 2023 with a new $450 million ABL Facility due May 2027 Transitioned from LIBOR+125-175bps to Term SOFR2 +125-175bps Improved covenant terms to align with existing Term Loan facilities ➤ 8.375% Senior Unsecured Note Repurchases Proactively retired $114 million principal balance (at a discount to par) for $105 million cash through secondary market repurchases Net leverage positive transaction vs redemption at a call premium of 104.1875 о Expected to generate annualized cash interest savings of approximately $10 million and 2022 anticipated cash interest savings of approximately $4 million. Continue to evaluate additional opportunities to further reduce our cost of capital 16 | 1 Total available liquidity is defined as cash and cash equivalents plus available borrowings under our ABL Facility. We use total available liquidity to evaluate our capacity to access cash to meet obligations and fund operations. 2 Term SOFR to include credit spread adjustment of 10 bps iHeart MEDIA

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