AT&T Results Presentation Deck
Progression to Sustainable Growth
Grow durable 5G and
Fiber relationships
Effective and efficient in
everything we do
Deliberate capital
allocation
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Since 2Q20, added more than 8 million postpaid phones and grew
AT&T Fiber subscribers by 3.4 million
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Increased quarterly wireless service revenues by $2B+ since 2020 and
achieved industry-leading churn
Doubled quarterly AT&T Fiber revenues since 2Q20 to $1.5B+
Executed cost transformation and achieved $6B+ in run-rate savings
Increased Adj. EBITDA¹ margin: 210 bps improvement YOY
Streamlined workforce
Over past three years:
Reduced net debtt2 by ~$20 billion
Invested ~$65 billion in capital investment t3 and ~$35 billion in spectrum
Passed additional ~7 million fiber customer locations
Deployed 5G to cover ~300M people, 175M+ with mid-band spectrum
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See notes slide 12
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