Slide 1: Investor Update
Investor Update As of April 9, 2026 1
Slide 2: Contents
CContents Cogeco Communications (TSX: CCA) 4 Cogeco Connexion – Canadian Telecommunications Segment 14 Breezeline – American Telecommunications Segment 19 Supplementary Information 24 Cogeco (TSX: CGO) 26 Appendix 29 Subscriber Profile 30 2 2
Slide 3: Forward-Looking Statements and Presentation of Financial Information
Investor Update Forward-Looking Statements and Presentation of Financial Information Forward-looking statements Presentation of financial information Certain statements contained in this presentation constitute forward-looking information within the meaning of This presentation also includes non-IFR
Slide 4: Cogeco Communications TSX: CCA
Cogeco Communications TSX: CCA 4
Slide 5: Cogeco Communications Overview: Investment Highlights
Cogeco Communications Overview Investment Highlights A leading North American telecommunications provider • Providing world-class Internet, wireless, video and wireline phone services to 1.6M residential and business subscribers in Canada & the U.S. • Differentiated by speed, reliability, innovation
Slide 6: Long History of Returning Capital to Shareholders
Cogeco Communications Overview Long History of Returning Capital to Shareholders Prudent dividend payout ratio Dividends per Share $4.50 F2025(1) $3.95 $4.00 $3.69 Dividend payout ratioviii 30% $3.42 $3.50 Dividend payout ratioviii $3.10 25% $3.00 excluding network expansions $2.82 $2.56 $2.50 $2.32
Slide 7: Leveraging a North American Platform
Cogeco Communications Overview Leveraging a North American Platform High-quality product offering Revenue Internet Service Subscribers $M As of February 28, 2026 • Internet packages of 1 Gbps to up to 2.5 000’s Gbps for residential customers, and up to 10 Canada Gbps for commercial customers U.S. Ca
Slide 8: Transformation: Focused on Driving Shareholder Value
Cogeco Communications Overview Transformation: Focused on Driving Shareholder Value Breezeline and Cogeco Connexion now managed as one unified North American organization • Nimbler structure • Increases flexibility • Allows Cogeco to better serve its customers • Brings top leaders closer to customer
Slide 9: Expanding Addressable Market
Cogeco Communications Overview Expanding Addressable Market Wireless Network Evolution & Expansion • Wireless services have been rolled out across all of our U.S. states and • Network expansions in Canada and the U.S., mainly using the majority of our Canadian footprint. Both wireless services utili
Slide 10: Margins & Profitability
Cogeco Communications Overview Margins & Profitability Higher than industry average Adjusted EBITDA margin* Margins driven by span of operations, stable business model and operational efficiency Adj. EBITDA & Adj. EBITDA Margini Profit $M $M (except per share) Profit attributable to owners of Cogeco
Slide 11: Cash Flow
Cogeco Communications Overview Cash Flow Cash flow generation has enabled growth investments and return of capital to investors Free Cash Flowii Cash flows from operating activities $M $M 626(1) 636(1) 1,175 613(1) 1,138 108(2) 104(2) 1,013 137(2) 517 532 476 F2024 F2025 LTM F2024 F2025 LTM (1) Free
Slide 12: Stable Debt Profile
Cogeco Communications Overview Stable Debt Profile Financial Position As of February 28, 2026 Cogeco Communications: • Net debt to Adjusted EBITDA ratiovi of 3.2x Senior Secured Debt Rating • Available liquidityvii of $848M BBB- Q2 F2026 Debt Statistics • Weighted average cost of debt of 5.4%(1) BBB
Slide 13: F2026 Financial Guidelines
Cogeco Communications Overview F2026 Financial Guidelines In millions of Canadian dollars, except % Fiscal 2025 Original Fiscal 2026 Projections Revised Fiscal 2026 Projections Actual (constant currency)iv(1) (constant currency)iv(1) Revenue 2,910 Decrease of 1% to 3% Decrease of 2% to 4% Adjusted E
Slide 14: Cogeco Connexion: Canadian Telecommunications Segment
Cogeco Connexion Canadian Telecommunications Segment 14 14
Slide 15: Cogeco Connexion's Broadband Network
Cogeco Connexion Cogeco Connexion’s Broadband Network Serving 600+ communities from Windsor to Gaspé Through its digital oxio brand, operates in majority of Canadian provinces 15
Slide 16: Cogeco Connexion Highlights
Cogeco Connexion Highlights Financial Profile Growth Opportunity • Stable Adjusted EBITDA margin • Ongoing fibre-to-the-home expansion projects, including those in collaboration with governments, brings our high- speed Internet services to numerous new communities Product Offering Preferred Brands •
Slide 17: Financial Results Overview – Canadian Telecommunications Segment
Cogeco Connexion Financial Results Overview – Canadian Telecommunications Segment Strong Adjusted EBITDA margini versus our Canadian peers* Adj. EBITDA & Adj. EBITDA Revenue Margin(1) Net CapEx & Capital Intensityv (1) $M $M $M 1,511 785 788 370 1,495 1,498 780 332 310 52.0% 52.2% 52.6% 24% 21% 22%
Slide 18: Wireless Spectrum Coverage
Cogeco Connexion Wireless Spectrum Coverage Spectrum holdings covering most of southern Québec & Ontario 92% share of spectrum powered by 5G-optimized 3500 & 3800 MHz $588 million in spectrum acquisitions 18
Slide 19: Breezeline: American Telecommunications Segment
Breezeline American Telecommunications Segment 19
Slide 20: Breezeline's Broadband Network
Breezeline Breezeline’s Broadband Network Serving 500+ communities in 13 states in the U.S. 20
Slide 21: Breezeline Highlights
Breezeline Highlights Financial Profile Product Offering • Consistently growing full-year Adjusted EBITDA margin • offers fast Internet speeds and an advanced for the past five fiscal years video platform • Up to 2.5 Gbps Internet speeds • Breezeline Stream TV available across our entire footprint L
Slide 22: Financial Results Overview – American Telecommunications Segment
Breezeline Financial Results Overview – American Telecommunications Segment Internet-led strategy and operating efficiency are contributing to an increasing Adjusted EBITDA margin while maintaining capex discipline Adj. EBITDA & Revenue Adj. EBITDA Margin Net CapEx & Capital Intensityv $M of US doll
Slide 23: welo - Our New Digital Challenger Brand has Launched
Breezeline welo - Our New Digital Challenger Brand has Launched • Launched: Ohio, February 26, 2026 • Digital challenger brand with sales driven primarily by social media & referral marketing • Designed to complement our Breezeline brand by appealing to new customer segments 23
Slide 24: Supplementary Information
Supplementary Information 24
Slide 25: Low Cost of Capital & Spread-Out Maturities
Financial Overview – Cogeco Communications Low Cost of Capital & Spread-Out Maturities Debt Maturities Excluding revolving credit facilities and lease liabilities As at February 28, 2026 $M Cogeco Communications Breezeline Net debt to February 28, (excluding Breezeline) U.S. subsidiaries(4) Adjusted
Slide 26: Cogeco TSX: CGO
Cogeco TSX: CGO + (C; coGeco
Slide 27: Investment Structure
Cogeco Overview Investment Structure Cogeco TSX: CGO 12.0M shares of CCA(1) 80% Voting Rights 100% Voting Rights 28% Equity $669M 100% Equity Market Capitalization(1) 5.7% Dividend Yield(2) Investment in Cogeco Cogeco Media Communications RADIO BROADCASTING TSX: CCA $847M (1)(3) $98M LTM Revenue Inv
Slide 28: Cogeco Media: Strong Network of Radio Stations
Cogeco Overview Cogeco Media: Strong Network of Radio Stations Radio broadcasting network and news agency STATIONS RANKED AMONGST THE BEST 21 RADIO STATIONS LARGEST INDEPENDENT 4.7 MILLION INTEGRATED SALES RADIO NEWS SERVICE LISTENERS / WEEK SERVICES IN QUÉBEC IN QUÉBEC 28
Slide 29: Appendix
APPENDIX 29
Slide 30: Subscriber Profile
Cogeco Communications Subscriber Profile February 28, 2026 COGECO CONNEXION BREEZELINE TOTAL Homes passed(1) 2,146,451 1,799,447 3,945,898 Primary service units(2) 1,853,632 940,578 2,794,210 Internet service subscribers 951,718 609,751 1,561,469 Video service subscribers 557,097 221,877 778,974 Wir