AT&T Results Presentation Deck

2022 Business Priorities - Update 2 Effective and Efficient in Everything We Do 1 Grow Customer Relationships ■ 5G Wireless-800K+ postpaid phone net adds in 2Q22 Fiber-300K+ net adds in 2Q22 with improved penetration rates ■ ■ On track to achieve $4B+ of $6B run-rate cost savings target Anticipate $1B+ of inflationary impacts partially offset by pricing actions and 5G and fiber customer growth 3 Deliberate Capital Allocation ■ ■ Invest in growth - on track with 5G spectrum and fiber deployments Strengthen balance sheet - applied ~$40B in WBD transaction proceeds to reduce net debt Provide 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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