Slide 1: First Quarter 2026 Results
First Quarter 2026 Results May 7, 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical fa
Slide 3: Strategic Highlights
Strategic Highlights Navigating an intense competitive environment with focus and discipline Taking action Building Driving Protecting to stabilize convergence margin long-term broadband momentum expansion value performance 3
Slide 4: 2026 Key Priorities
2026 Key Priorities Simplification to Drive Acceleration Improve Maintain Invest for Long Broadband Trends Financial Discipline Term Value Creation + Simplify products + Base management + Fiber expansion + Simplify pricing + Product margin expansion + Network upgrades + Improve convergence and + Ope
Slide 5: Simplified Go-to-Market and Proactive Base Management
Simplified Go-to-Market 31% Long-tenured customers + Reducing offer complexity residential > 10 years 52% + Competitive entry offers while continuing customer base customers to upsell to higher tier plans (as of Q1-26) > 5 years + Low-price offers enable sell-in of other value-added products and ser
Slide 6: Convergence Momentum
Convergence Momentum Mobile strategy Mobile ending lines (000s) + Improved mobile quality of sale 674 + Multi-line focus 623 + Device Financing 584 8.8% + Number Porting 546 8.3% 509 + Competitive offer strategy on service and devices 7.3% + Mobile convergence contributes to ARPU stabilization, bund
Slide 7: Video Business Optimization
Video Business Optimization Video strategy Residential video direct Residential video ARPU(1) ($) margin(2) ($m) + Expanding customer choice and flexibility while increasing video margins + Video supports stronger broadband customer retention +10.3% CAGR + Expanding OTT streaming offerings +5.5% CAG
Slide 8: Q1 Subscriber Trends
Q1 Subscriber Trends Broadband Subscribers Mobile Lines Net Adds (000s) Ending (m) Net Adds (000s) Ending (000s) -5.1% 49 52 +32.5% 4.3 4.1 38 38 38 674 (37) (35) 509 (58) (56) (62) (1) Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q1-25 Q1-26 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q1-25 Q1-26 Video Subscribers Fiber Custom
Slide 9: Q1 Financials
Q1 Financials Revenue ($m) Residential ARPU(2) ($) Convergence ARPU(4) ($) -4.0% -1.2% +1.2% $2,152 $2,065 $133.93 $132.32 $79.32 $78.38 Residential video $666 $602 $53.43 $51.07 Residential connectivity & $1,021 $979 $80.50 $81.25 all other(1) Business services $364 $364 Q1-25 Q1-26 Q1-25 Q1-26 New
Slide 10: Q1 Financials
Q1 Financials Gross Margin % Adj. EBITDA(1) ($m) Adj. EBITDA(1) Margin % +60bps -1.3% +110bps 69.4% $799 $789 38.2% 68.8% 37.1% Q1-25 Q1-26 Q1-25 Q1-26 Q1-25 Q1-26 Margin Expansion: Gross Margin +60 bps and Adj. EBITDA Margin +110 bps year-over-year (1) Adjusted EBITDA is a non-GAAP financial measur
Slide 11: Capital Expenditures and Network Investment
Capital Expenditures and Network Investment Cash Capital Expenditures ($m) Optimum Footprint Q1-26 $1,433 $1,347 $1.2 to $1.5bn $1,266 $1,145 $1.0 to $1.2bn Growth 10.0m (excl. fiber $649 Total passings overbuild) $614 Fiber Overbuild(1) $74 $35 3.1m Maintenance $543 Fiber passings $495 $200 to $300
Slide 12: Debt Maturity Profile
Debt Maturity Profile Optimum Communications Debt Maturity ($bn)(1) Consolidated as of March 31, 2026 Weighted Average $6.2 $6.2 6.8% Cost of Debt (WACD) $5.7 $4.7 Weighted Average 3.1 $3.8 Life of Debt (WAL) years Fixed Rate % of Debt 81% $0.0 Liquidity(2) ~$1.3bn 2026 2027 2028 2029 2030 2031 CSC
Slide 13: Q&A
Q&A Q&A 13 13
Slide 14: Appendix
APPENDIX Q&A 14 14
Slide 15: Q1 2026 Free Cash Flow Bridge
Q1 2026 Free Cash Flow Bridge Free Cash Flow ($m) Adjusted Cash Cash Cash Other operating Free Cash EBITDA(1) capex interest tax cash flows Flow(1) ($308) $789 ($480) ($10) ($129) ($137) (1) Adjusted EBITDA and Free Cash Flow are non-GAAP measures. For a reconciliation of these non-GAAP measures to
Slide 16: Summary Financial Information
Summary Financial Information ($m) Q1-25 Q1-26 Q1-26 YoY Residential $1,668 $1,560 -6.5% Business Services $364 $364 0.2% News & Advertising $102 $120 16.9% Other $18 $21 17.1% Total Revenue $2,152 $2,065 -4.0% Adjusted EBITDA(1) $799 $789 -1.3% Margin (%) 37.1% 38.2% Cash capital expenditures $356