AT&T Results Presentation Deck

Updating 2021 Financial Guidance 10 REVENUE GROWTH Wireless Service Rev Growth EPS-ADJUSTED ¹4 GROSS CAPITAL INVESTMENT Capital Expenditures FREE CASH FLOW +3 July 22, 2021/ © 2021 AT&T Intellectual Property - AT&T Proprietary +2 Current 2021 Consolidated Guidance* 1% range ~2% Stable with 2020 $22B range $17B range $26B range *Assumes inclusion of DIRECTV results for full year + See notes slide 12 Updated 2021 Consolidated Guidance* 2-3% range ~3% Low to mid single-digit growth $22B range $17B range $27B range AT&T

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