Lumen Investor Day Presentation Deck

Streamlining Operating Model and Go to Market to Improve Execution Streamlined to build more quickly and efficiently Changed GTM and ops organization models Increasing Quantum Fiber marketing spend 34 1. Q1'23 versus Q4'22. EXPAND MASS MARKETS ...and Seeing Early Signs of Progress ~90% planning yields on new fiber builds, up from as low as 10% in 2022 ~25% improvement in fiber-enabled locations QoQ¹ +85% planned marketing spend YoY in 2023 LUMENⓇ

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