Lumen Investor Presentation Deck

1Q22 Mass Markets Revenue Total Mass Markets Product Categories Revenue ($ in millions) Fiber Broadband Other Broadband (1) Voice and Other (2) Total Mass Markets Revenue ($ in millions) Fiber Broadband Other Broadband Voice and Other (³) 25 Total Mass Markets RemainCo Mass Markets Product Categories 1Q22 Issued: May 4, 2022 $145 $610 $520 $1,275 1Q22 YOY% Change $132 18.9% (5.9%) (21.7%) (11.1%) YoY% Change 17.9% $416 (5.7%) $312 (24.8%) $860 (11.2%) QoQ% Change 5.8% 0.3% (14.5%) (5.8%) QoQ% Change 5.6% 1.0% (15.9%) (5.3%) % Total 11% 48% 41% 100% % Total 15% 49% 36% 100% Significant Revenue Mix Improvement Expected Within Remain Co 9% 9% Remain Co Mass Markets Fiber Contribution 10% 54.7% 45.3% 11% 1Q20 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 12% ■Broadband (4) Remain Co Mass Markets 1Q Revenue Mix 57.1% 13% 42.9% 1Q21 13% (1) Other Broadband revenue primarily includes revenue from lower speed copper-based broadband services marketed under the CenturyLink brand. (2) 1Q21, 4Q21 and 1Q22 include CAF II impacts of $123 million, $122 million and $59 million, respectively. (3) 1Q21, 4Q21 and 1Q22 include CAF II impacts of $54 million, $53 million and $14 million, respectively. (4) Broadband includes Fiber Broadband and Other Broadband product categories. 63.7% 36.3% 1Q22 Voice & Other 14% 15% 4Q21 1Q22 Quantum FIBER

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