Comcast Investor Presentation Deck

Benefits of a Strong Balance Sheet and Maintaining Our Current, Investment Grade Credit Ratings 13 Able to invest through business & economic cycles (e.g., Domestic network, Peacock, Epic Universe) 21 See Notes on Page 31. $ Consistently return capital to shareholders (healthy balance of dividends & share repurchases) H Flexibility; access to a large and diverse set of fixed income investors to efficiently and cost- effectively refinance maturing debt securities over time (at ~2.4x target consolidated net leverage ratio) COMCAST

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