AT&T Analyst & Investor Conference

Reorienting the business Business wireline EBITDA¹ mix Fiber & Fixed Wireless Other 84% 16% 2021 ↑ 56% 44% 2025 1. See appendix for further information on Non-GAAP measures. © 2022 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners Driving durable value thru Fiber and 5G Take share in Small Business and Midmarket Expand vertical model and next gen services Streamline Product Portfolio and deliver stable EBITDA margins AT&T

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