AT&T Results Presentation Deck

4 Business Priorities - Progress since 2Q20 Grow Subscriber Relationships ✓ Grew postpaid phone net adds by nearly 3 million ✓ Grew Fiber subscribers by 1 million ✓ Grew domestic HBO Max/HBO subscribers by ~11 million July 22, 2021/ © 2021 AT&T Intellectual Property - AT&T Proprietary Effective and Efficient in Everything We Do ✓ Significantly improved customer satisfaction and lowered churn ✓ Achieved initial ~$2B in transformation savings, reinvested to ignite customer growth ✓ Positioned for improved returns going forward + See notes slide 12 Deliberate Capital Allocation ✓ Invested $60B+ in 5G/wireless, fiber and premium content ✓ Announced significant asset monetizations ✓ Positioned major businesses with the right capital structure and partners ✓ Expect AT&T to have best leverage among peers AT&T

View entire presentation