Investor Presentaiton

Bell Communication & Technology Services Revenue ($M) +4.9% 5,367 5,116 Q1'22 Q1'23 Adjusted EBITDA ($M) 2,376 +1.3% 2,406 Q1'22 Q1'23 ⚫ Service revenue up 2.1%, driven by strong 10% residential Internet and 5.4% wireless growth Improving business wireline results - Best quarterly service revenue performance since Q3'20 Global data equipment shortages alleviating Product revenue up 23.6% on higher business data equipment sales, greater sales mix of higher-value mobile phones and higher overall wireless transaction volumes Adjusted EBITDA up 1.3% y/y - Q1 growth moderated by expected cost pressures related to inflation, strategic initiatives, TV content pricing and normalization of cost structure to pre-COVID levels Stronger adjusted EBITDA growth trajectory expected for balance of 2023 Bell 9

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