AT&T Analyst & Investor Conference

Capital Allocation Framework Investing for growth Maintaining an attractive dividend Strengthening the balance sheet Increasing financial flexibility to maximize shareholder value Focused Total Return Strategy © 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 AT&T

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