Lumen Investor Presentation Deck

12M+ Addressable Fiber Opportunity in RemainCo Footprint CA OR WA NV ID 16 Issued: May 4, 2022 AZ UT MT WY CO NM ND SD NE KS TX OK MN IA MO AR LA WI MI IN TN OH KY MS AL GA WV PA VA VT NC SC FL NY ME NJ DE MD DC mandler NH ΜΑ RI CT 16-State Remain Co 20-State Sell Co Ramping Our Quantum Fiber Enablements in 2022 and Beyond Remain Co Fiber Enablement Opportunity 12+ ~3.5+ 2.67 2022 2.67 Opportunity Projected Actual (in millions) 1Q22 Broadband Metrics Total Lumen Fiber Enabled Fiber Enabled Adds Fiber Subscribers Fiber Penetration Other Enabled Other Subscribers Other Penetration 2.92M -160K 830K 28% 26.0M 3.6M 14% Remain Co 2.67M -130K 762K 29% 18.8M 2.5M 13% Quantum FIBER

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