Comcast Results Presentation Deck

Free Cash Flow and Capital Allocation 9 Capital Allocation Priorities ● Investing organically for profitable growth Maintaining a strong balance sheet Returning capital to shareholders Balance Sheet Statistics Consolidated Net Leverage Consolidated Net Debt ($B) 2.9x $90.3 4Q20 2.4x $82.8 4Q21 Consolidated Capital* Consolidated capital: +11.0% to $3.9B in 4Q21; +3.6% to $12.1B in FY 2021 Return of Capital 2021: Total Return of Capital of $8.5B $4.0B in share repurchases; resumed share repurchases late in 2Q21 $4.5B in dividends ● ● - 2022: Raised dividend by $0.08 to $1.08 per share on an annualized basis, +8% y/y 14th consecutive annual increase Dividends per share (split-adjusted): $0.125 $0.135 08 09 $0.23 $0.189 10 11 $0.33 12 $0.39 13 $0.45 14 $0.50 15 $0.55 16 $0.63 17 $0.76 *Capital reflects Capital expenditures plus Cash paid for capitalized software and other intangible assets as presented in our Trending Schedules. **2021 Free Cash Flow of $17.1 billion includes a $1.3 billion benefit related to the tax impact of a bond exchange completed in August of 2021 and roughly $1 billion from returns on investing activities. See Notes on Slide 12 18 $0.84 19 $0.92 Record Free Cash Flow Generation: $17.1 Billion in FY 2021; $14.8 Billion Excluding Certain Items $1.00 20 21 ** $1.08 22

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