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Investor Presentaiton

Pro Forma Net Leverage Reconciliation as of March 31, 2021 For footnotes see slide 14 12 €m Altice France Restricted Group 22,641 -436 Gross Debt Consolidated Cash Net Debt Consolidated LTM Standalone Eliminations 22,205 4,282 LTM EBITDA Consolidated 4,282 Pro Forma Libération 3 Pro Forma Hivory -172 LTM EBITDA Consolidated Pro Forma 4,113 Gross Leverage (LTM EBITDA) 5.5x Net Leverage (LTM EBITDA) 5.4x L2QA EBITDA Consolidated Pro Forma 4,090 Gross Leverage (L2QA EBITDA) 5.5x Net Leverage (L2QA EBITDA) 5.4x a altice
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