Lumen Results Presentation Deck

5 Issued: May 4, 2022 Financial Highlights for 1Q22 Maintained strong Adjusted EBITDA margins and Free Cash Flow Improved Mass Markets revenue performance excluding CAF II through fiber subscriber growth and ARPU expansion Returned $271 million to our shareholders during the quarter through our quarterly dividend Reduced Net Debt by approximately $1.5 billion since the first quarter 2021 Full-year 2022 financial outlook measures updated due to the timing of expected 20-state ILEC transaction closing LUMENⓇ

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