Lumen Technologies, Inc. · NYSE:LUMN

Lumen Technologies — Merger or Acquisition (August 2021)

9 slides from Lumen Technologies's merger presentation, Aug 3, 2021

  1. Slide 1: Lumen Asset Transactions Overview

    Lumen Asset Transactions Overview Aug. 3, 2021 CONFIDENTIAL

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Except for the historical and factual information contained herein, the matters set forth in this presentation, including statements regarding the expected transaction proceeds, timing and benefits of the proposed transactions, and other statements identified by words such

  3. Slide 3: Non-GAAP Measures

    Non-GAAP Measures This presentation includes certain non-GAAP historical and forward-looking financial measures, including but not limited to estimated adjusted EBITDA, and adjustments to GAAP and non-GAAP measures to exclude the effect of other standalone costs and special items. In addition to pro

  4. Slide 4: Sale of ILEC Assets to Apollo

    Sale of ILEC Assets to Apollo CONFIDENTIAL

  5. Slide 5: Transaction Overview

    Transaction Overview Transaction Apollo to acquire Lumen’s ILEC assets(1) in 20 states for $7.5 billion Valuation Implies ~5.5x 2020 Estimated Adjusted EBITDA(2) Lumen to retain all non-ILEC (i.e. CLEC / IXC) assets in the 20 Scope states and ramp its Quantum Fiber investment on the remaining 16 sta

  6. Slide 6: ILEC Operations Retained and Divested by Lumen

    ILEC Operations Retained and Divested by Lumen ILEC Operations Retained ILEC Operations Divested in 16 States in 20 States WA VT ME MT ND OR MN NH • ~2.4mm Fiber Enabled ID WY SD WI MI NY MA RI • ~0.2mm Fiber Enabled CT Units NV NE IA OH PA NJ Units UT IL IN DE CA CO WV VA MD KS MO KY DC • ~21mm Add

  7. Slide 7: Sale of LATAM Assets to StonePeak

    Sale of LATAM Assets to StonePeak CONFIDENTIAL

  8. Slide 8: Transaction Overview

    Transaction Overview Transaction Stonepeak to acquire Lumen’s LATAM business for $2.7 billion Implies ~9x 2020 Estimated Adjusted EBITDA(1) which is a meaningful Valuation premium to Lumen’s current trading multiple Long-term existing management team to guide future investment Management Team and gr

  9. Slide 9: Latin American Asset Overview

    Latin American Asset Overview Grover Grover Beach, CA ⚫ Beach, CA ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ Tijuana ⚫ Tijuana ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ Hollywood, Hollywood, FL FL ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫⚫⚫⚫⚫ Mazatlan ⚫ Mazatlan ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ St St Croix Croix ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫

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