AT&T Results Presentation Deck

6 2Q22 Financial Summary Continuing Operations, $ in billions, except EPS Revenues Standalone AT&T* U.S. Video and other $35.7 $6.7 $29.0 $29.6 2Q21 2Q22 Continuing Operations EPS Adjustments: Adjusted EPS+5 Standalone AT&T* U.S. Video and other Comparable Adj. Ol Margin¹1,2 $0.73 $0.09 $0.65 $0.64 Continuing Operations Adjusted EPS Less: U.S. Video and other dispositions Standalone AT&T* Adjusted EPS 19.7% 19.9% 2Q21 2Q22 DIRECTV intangible amortization (proportionate share) Actuarial loss/(gain) on benefit plans Non-cash restructuring and impairments Other adjustments 2Q21 $0.76 $0.02 Cash from Ops Free Cash Flow+3 ($0.05) $0.73 ($0.09) $0.64 $10.2 $5.2 $7.7 $1.4 2Q21 2Q22 2Q22 $0.59 $0.04 ($0.13) $0.06 $0.09 $0.65 $0.65 Solid revenue growth on a comparable basis 2Q22 standalone AT&T* revenues of $29.6B On a comparable basis, standalone AT&T* revenues were up ~$640M, or 2.2% Standalone AT&T* Adjusted EPS +1,5 of $0.65 Cash from operations of $7.7B Free cash flowt³ of $1.4B; includes $0.8B from DIRECTV Capital expenditures of $4.9B Capital investment¹4 of $6.7B, up $1.7B; includes $1.8B in vendor financing payments * "Standalone AT&T" reflects the historical results of the company presented as Continuing Operations, and also excludes U.S. Video and other 2021 dispositions. Standalone AT&T results for 2Q21 are presented for comparability. For the current quarter, "standalone AT&T" is the same as Continuing Operations. See note 1 on slide 11. © 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. + See notes slide 11 AT&T

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