Lumen Investor Day Presentation Deck

Ramping Fiber Build to Recapture Market Share Quantum Fiber builds ('22-'23E) # enabled locations 33 3.1 M YE22 Fiber Enablement 0.1M 1Q23 Fiber Builds 0.4M+ Planned Remaining 2023 Builds 3.6M+ YE23 Fiber Enablement EXPAND MASS MARKETS 5-7M additional fiber locations planned to hit 8-10M target ~$1K-$1.5K average cost to enable per fiber location 40%+ long-term penetration of fiber locations LUMENⓇ

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