AT&T Investor Day Presentation Deck

5 Our Market Focus Broadband connectivity 5G, Fiber Software-based entertainment HBO Max Fantastic storytelling Industry leader for 2020 Emmy wins Our Shared 2021 Priority GROW Customer Relationships AT&T Investor & Analyst Day / March 12, 2021 / 2021 AT&T Intellectual Property - AT&T Proprietary Deliberate Capital Allocation Investing in strategic growth - 5G, Fiber, HBO Max Committed to sustaining dividend at current levels Utilizing cash after dividends to reduce debt Continued portfolio review - restructuring non-core assets Investing to drive growth in existing and expanding markets AT&T

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