Deutsche Telekom Investor Day Presentation Deck

BALANCE SHEET STRENGTH AND INCREASED FREE CASH FLOW CREATING SHAREHOLDER RETURN OPPORTUNITY Capital Allocation Invest to complete integration and 5G network build while funding growth De-lever to mid-2x Core Adjusted EBITDA leverage ratio Potential for massive shareholder returns of up to $60B cumulative 2023 through 2025 shareholder return potential continues beyond 2025

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