AT&T Results Presentation Deck

2022 Business Priorities 2 1 Grow Customer Relationships ■ ■ 5G Wireless-Expand simplified go-to-market strategy to underpenetrated segments Fiber-Expand fiber footprint to accelerate growth Effective and Efficient in Everything We Do ■ ■ ■ Achieve $4B+ of $6B run-rate cost savings target Deliver improved customer experience with continued NPS gains and maintain low churn across all businesses Expand Business opportunities with fiber expansion and product simplification 3 Deliberate Capital Allocation ■ ■ ■ Increase investment in growth opportunities - 5G and Fiber Strengthen balance sheet with proceeds from WarnerMedia transaction and excess cash generation Provide an attractive dividend © 2022 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. 3 AT&T

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