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Investor Presentaiton

Milestones - Delivering Results & Aligning to Industry Trends Combining positive performance, delivering on strategic projects and aligning with industry trends Non-essential Monetizations: Value Creation & Improved Capital Structure Positive Track-record (in MXN$ mm) 4.0 ND/EBITDA (¹) (x) 3.6 3.6 3.7 CAGR 14% 2Q17 3.4 3.2 4,169 4,466 4Q17 2.9 4Q18 3,460 (2) 4Q19 3Q20 294 Business Separation: Capture Opportunities and Maximize Value axtel 61 175 Towers Mass Market Data Centers Proceeds (US$ mm) 840 225 Tower Sale 2017 2018 2019 Business Unit Services > 18,000 Customers Valued added Services Digital Transformation Business Unit Infrastructure ~ 50 Customers Wholesale Connectivity & Passive Infrastructure Value maximization with average EV/EBITDA multiple of 12.0x Net leverage decreased from 4.0x in 2017 to 2.9x in 3Q20 EBITDA growth in line with business plan and market expectations Unmatched brand awareness & portfolio aligned to address fastest-growing segments (1) Without tower sale, merger-related expenses nor data center sale benefit. | (2) Includes merger-related expenses of Ps.429 million. Axtel Public Information 5 Differentiation Maximize value & growth potential of assets axtel
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