Investor Presentaiton

2 Safe Harbor Statement FORWARD-LOOKING STATEMENTS Anterix Certain statements contained in this presentation, other than purely historical information, including, but not limited to, estimates, projections, statements relating to our regulatory initiatives, business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding, (i) the Company's ability to qualify for and secure Broadband licenses under the 900 MHz Report and Order issued by the Federal Communications Commission (the "FCC"); (ii) the Company's capital requirements and the timing and costs of its retuning and spectrum acquisition activities; (iii) the demand by, and the Company's potential contractual terms with, electric utilities and other critical infrastructure providers for the lease of its spectrum assets; (iv) the potential valuation of the Company's spectrum assets; and (v) the Company's business model, including the timing and amount of its contract revenues, operating costs and gross margins. Any such forward-looking statements are based on the Company's current expectations and are subject to a number of risks and uncertainties that could cause its actual future results to differ materially from its current expectations or those implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) the Company may be unable to secure Broadband licenses from the FCC on a timely and cost-effective basis; (ii) the mandatory retuning process established in the Report and Order may not allow the Company to obtain broadband licenses from incumbents in a timely manner and on commercially reasonable terms; (iii) the Company may not be successful in commercializing its spectrum assets to its targeted critical infrastructure and enterprise customers; (iv) the Company has no operating history with its proposed business plan, which makes it difficult to evaluate its prospects and future financial results; (v) the ongoing coronavirus outbreak could adversely impact the Company's business; (vi) the Company may not be able to correctly estimate the amount and timing of its operating expenses or future revenues, which could lead to cash shortfalls, and require the Company to secure additional financing sooner than planned; (vii) the Company may not be able to successfully compete with companies that offer spectrum and communication technologies, products and solutions to its targeted customers; (viii) the Company's initiatives with the federal and state agencies and commissions that regulate electric utilities may not be successful; and (ix) the value of the Company's spectrum assets may fluctuate significantly based on supply and demand, as well as technical and regulatory changes. These and other risk factors that may affect the Company's future results of operations are identified and described in more detail in its filings with the SEC, including the prospectus and prospectus supplement for the offering to which this presentation relates and the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2020, filed with the SEC on August 6, 2020. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, events, circumstances or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Except as required by law, we are under no duty to update any of these forward-looking statements after the date of this presentation to conform our prior statements to actual results or revised expectations. INDUSTRY DATA AND TRADEMARKS The industry and market data contained in this presentation are based either on our management's own estimates and as a result constitute forward-looking statement or on independent industry publications, reports by market research firms or other published independent sources. Although we believe these sources are reliable, we have not independently verified the information and cannot guarantee its accuracy and completeness, as industry and market data are subject to change and cannot always be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey of market shares. Accordingly, you should be aware that the industry and market data contained in this presentation, and estimates and beliefs based on such data, may not be reliable. Unless otherwise indicated, all information contained in this presentation concerning our industry in general or any segment thereof, including information regarding our general expectations and market opportunity, is based on management's estimates using internal data, data from industry related publications, consumer research and marketing studies and other externally obtained data. This presentation and the information incorporated herein by reference includes trademarks, service marks and trade names owned by us or other companies. All trademarks, service marks and trade names included in this presentation, are the property of their respective owners.

View entire presentation