Atn International, Inc. · NASDAQ:ATNI
Atn International — East Coast IDEAS Conference 2026
28 slides from Atn International's conference presentation, Jun 11, 2026
Slide 1: East Coast IDEAS Conference Investor Presentation
East Coast IDEAS Conference Investor Presentation Nasdaq: ATNI June 11, 2026
Slide 2: Safe Harbor and Non-GAAP Financial Measures Definition
Safe Harbor and Non-GAAP Financial Measures Definition Cautionary Language Concerning Forward-Looking Statements This presentation contains forward-looking statements relating to, among other matters, the Company’s future financial performance, business goals and objectives, and results of operation
Slide 3: ATN International Management Team
ATN International Management Team Experienced telecom operators with proven execution across network growth, operational scale, and financial performance 35+ years of global telecom & technology leadership across multiple international markets Naji Khoury Chief Executive Officer Proven operator
Slide 4: ATN International At A Glance
ATN International At A Glance A telecommunications and digital infrastructure provider serving rural and underserved markets Headquarters: Founded: Employees: NASDAQ: Beverly, MA 1987 ~2,100 ATNI Equity Snapshot US. Segment International Segment (as of March 31, 2026) Share Price: Enterprise Value:
Slide 5: Operating Segments – International and US Telecom
Operating Segments – International and US Telecom Operations across Bermuda, the Cayman Islands, the U.S. Virgin Islands, Guyana, and select rural U.S. markets (primarily Alaska, New Mexico, and the Four Corners region) Total Revenue by Segment Total Revenue by Customer FY25 Financial and Adjusted E
Slide 6: International Telecom
ATN international International Telecom
Slide 7: International Telecom Key Metrics: 1Q26
International Telecom Key Metrics: 1Q26 Established incumbency in consumer fixed and mobile with opportunity to expand business share 273k 386k High-Speed Data Broadband Homes Passed Mobile Subscribers Flat YOY 69% Consumer Revenue +6% YOY 324k = Pre-Paid Subscribers 137k -1% YOY 5k 62k High-Speed D
Slide 8: International Telecom Revenue by Service
International Telecom Revenue by Service Consistent revenue streams with opportunity for growth Revenue by Product and Revenue by Customer Adjusted EBITDA1 Margin $450 32.2% 31.4% 31.3% 33.7% 34.5% $450 $400 $377 $382 $400 $377 $382 $371 $371 $343 $356 $343 $356 $350 $350 Carrier & Other Business $3
Slide 9: Why Our International Markets Are Attractive
Why Our International Markets Are Attractive Guyana Cayman Island1 Incumbent fiber and mobile provider $130 $46 $45 $126 $43 $125 $123 $44 $120 $120 $42 $41 Strong market structure supports $115 $114 $40 localized duopoly-like economics $38 $38 $110 $108 $36 $36 $105 $34 High infrastructure investme
Slide 10: US Telecom
ATN international US Telecom
Slide 11: US Telecom Key Metrics: 1Q26
US Telecom Key Metrics: 1Q26 Established position with businesses and carriers with opportunity to expand residential share 251k 74% High-Speed Data Households Passed Business + Carrier Revenue +51% YOY = = 6k 7k Fiber Route Miles High-Speed Data Fixed Subscribers Flat YOY +2% YOY Notes: • Data pres
Slide 12: Why Our U.S. Markets Are Attractive
Why Our U.S. Markets Are Attractive Established carrier, government, and business relationships Revenue by Product and Revenue by Customer Government broadband subsidies Adjusted EBITDA1 Margin reduce effective capital intensity risk 18.6% 23.1% 25.5% 22.7% 22.7% Carrier of Carriers with strong $450
Slide 13: Portfolio and Capital
international Portfolio and Capital
Slide 14: Unlocking Inherent Value in Asset Portfolio: U.S. Tower Portfolio Sale
Unlocking Inherent Value in Asset Portfolio: U.S. Tower Portfolio Sale Proceeds from sale enhance liquidity and financial flexibility 214 $298M $268M Towers Under Agreement Negotiated Purchase Price Cash at Initial Close = $12M 25x Up to $30M Annualized Adjusted EBITDA1 Impact Implied Cash Expected
Slide 15: Strong Liquidity Profile Provides Financial Flexibility
Strong Liquidity Profile Provides Financial Flexibility June 2026 Well-capitalized and committed to managing debt levels and expanding operating cash flow Total Liquidity Net Debt Leverage Ratio Operations are in USD pegged markets $350 $314 $316 $300 $290 2.60 Approximately 60% of 2.54x debt is at
Slide 16: Capital Expenditures by Segment
Capital Expenditures by Segment Our Approach US Telecom CapEx International Telecom CapEx Normalized investment spending (~10% to 15% of revenue) ATN CapEx - % of US Revenue Int’l CapEx - % of Int’l Revenue 17% 24% 22% 15% 13% 15% 20% 21% 15% 12% Leveraging available government $180.0 $90 funding $1
Slide 17: Capital Returned to Stockholders (2021 – 2025)
Capital Returned to Stockholders (2021 – 2025) Maintaining an uninterrupted quarterly dividend since 1999 Share Buybacks and Cash Dividends $28 $25 Capital Returned to $21 Stockholders (2021 – 2025) $36 million of share repurchases $16 Share Buybacks $65 million of common dividends paid $12 Cash Div
Slide 18: 2026 Outlook and Key Takeaways
2026 Outlook and Key Takeaways As of June 2, 2026 International: Continue to increase high-value-add and durable subscribers, convert business opportunities leveraging expanded & upgraded network, localized operations & trusted relationships $183M - $193M Domestic: Focus efforts on growing business
Slide 19: Investment Thesis – Why ATN, Why Now?
Investment Thesis – “Why ATN, Why Now?” Positioned for Long-Term Value Creation Through Recurring Revenue, Operational Discipline and Improving Free Cash Flow Key Investment Highlights: Experienced management team Embedded Asset Value Validated by proven in building, scaling, and monetizing Tower Sa
Slide 20: Questions?
Zot ATN ; international . Questions?
Slide 21: Thank you
We digitally empower people and communities to connect with the world and prosper. Thank you ir.atni.com
Slide 22: Appendix
Appendix ATN International | © 2026. All rights reserved. June 2026 22
Slide 23: Reconciliation of Non-GAAP Measures – Year Ended December 31, 2025
ATN International, Inc. Reconciliation of Non-GAAP Measures (in thousands) – For the year ended December 31, 2025 For the year ended December 31, 2025 is as follows: International Corporate and Telecom US Telecom Other * Total Operating income (loss) $ 66,973 $ (1,715) $ (36,824) $ 28,434 Depreciati
Slide 24: Reconciliation of Non-GAAP Measures – Year Ended December 31, 2024
ATN International, Inc. Reconciliation of Non-GAAP Measures (in thousands) – For the year ended December 31, 2024 For the year ended December 31, 2024 is as follows: International Corporate and Telecom US Telecom Other * Total Operating income (loss) $ 75,773 $ (44,443) $ (32,125) (795) Depreciation
Slide 25: Reconciliation of Non-GAAP Measures – Year Ended December 31, 2023
ATN International, Inc. Reconciliation of Non-GAAP Measures (in thousands) – For the year ended December 31, 2023 For the year ended December 31, 2023 is as follows: International Corporate and Telecom US Telecom Other * Total Operating income (loss) $ 53,420 $ (5,522) $ (34,723) $ 13,175 Depreciati
Slide 26: Reconciliation of Non-GAAP Measures – Year Ended December 31, 2022
ATN International, Inc. Reconciliation of Non-GAAP Measures (in thousands) – For the year ended December 31, 2021 For the year ended December 31, 2022 is as follows: International Corporate and Telecom US Telecom Other * Total Operating income (loss) $ 52,012 $ (5,656) $ (38,414) 7,942 Depreciation
Slide 27: Reconciliation of Non-GAAP Measures – Year Ended December 31, 2021
ATN International, Inc. Reconciliation of Non-GAAP Measures (in thousands) – For the year ended December 31, 2021 For the year ended December 31, 2021 is as follows: International Corporate and Telecom US Telecom Other * Total Operating income (loss) $ 33,899 $ (14,016) $ (34,908) $ (15,025) Depreci
Slide 28: Non-GAAP Measures – Net Debt Ratio
ATN International, Inc. Non-GAAP Measures – Net Debt Ratio (in thousands) March 31, December 31, 2026 2025 2024 2023 2022 Current portion of long-term debt * $ 21,623 $ 15,846 $ 8,226 $ 24,290 $ 6,172 Long-term debt, net of current portion * 548,537 549,321 549,130 492,580 415,727 Total debt $ 570,1