Lumen Investor Presentation Deck slide image

Lumen Investor Presentation Deck

Driving Revenue Shift to the Grow Category We zoomed in on our product suite, recategorized our offerings, and have now rotated our focus towards products that are high Customer Lifetime Value ¹ and high growth, with next- generation capabilities - Market Business Product Category GROW NURTURE HARVEST Strategy to Maximize Cash Flow Prioritize growth to: ● Future-proof company Increase CLV potential Maintain customer spend and loyalty Migrate to Grow to preempt churn Products Included (Non-exhaustive) VoIP/UC&C, SASE, SD-WAN, IP, Waves, Managed Security VPN Data Networks, Ethernet Legacy Voice, Managed Hosting, Private Line CLV1 ~10x ~3x 1x Note: Percentages in projections columns do not add up to 100% due to exclusion of "other" category. 1. Metrics represent results relative to Harvest category. 2. Enterprise channel projected revenue excludes financial results of Lumen's EMEA business which is under contract for sale. See "Forward-Looking Statements" 3. Projected FY23-FY26 CAGR. 13 Issued: June 5, 2023. 2023 Revenue 2027 Revenue Mix² Mix² 41% 33% 18% 59% 22% 11% 3-Yr CAGR ³ -8% - (3%) - (4%) LUMENⓇ
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