Investor Presentaiton

Cincinnati Bell's Board Has Recognized the Opportunity for Transformative Sum of the Parts Value Creation Strategic Transformation to Scale the Business and Capitalize on Significant Market Opportunities Creates Higher Shareholder Value and Ability to Engage in Portfolio Management at the Right Time Focus on investing 1 where we are winning Entertainment & Communications Fiber continues to differentiate Cincinnati Bell from traditional carriers . Fiber investments continue to generate year-over- year revenue and Adjusted EBITDA growth Fioptics revenue growth continues to more than offset legacy declines IT Services & Hardware Transform to become an international hybrid cloud solutions provider • Launched nationwide SD-WAN and Network as a Service (NaaS) • Growing UCAAS sales funnel - with wins nationwide 2 • Why we win 3 How we win • 4 Significant market opportunity • The more fiber, the greater the market penetration Continued investments in high speed, high bandwidth fiber network creates future- proof asset that has a high barrier to entry Growth driven by loT and 5G infrastructure spend • • IT services business, combined with our network expertise, while being faster and more flexible than the competition Enhanced scale and expanded portfolio of complementary IT offerings to win larger, multi- faceted deals • Growth driven by UCaaS, cloud, security, and infrastructure needs 5 Multiple upside Network peers trading at ~8-11x • IT peers trading at ~8-10x 7

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