Investor Presentaiton

Value of tax assets It is estimated that ABB will not pay cash taxes until 2026, primarily as a result of the amortization of acquired intangible assets and its tax loss carry-forwards (US$ in millions) Equity purchase price (-) Amount allocated to PP&E (estimated) Intangibles step-up amount Amortization period (years) Incremental annual intangible asset tax amortization Present value of step-up in basis (1) $1,125 (225) $900 15 $60 ~$140 21 (1) Tax bump value calculated using net present value of tax savings. (C) COGECO COMMUNICATIONS ATLANTIC broadband a Cogeco company

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