Anterix Inc. · NASDAQ:ATEX
Anterix — Q1 2027 Earnings Presentation
19 slides from Anterix's earnings presentation, Aug 12, 2026
Slide 1: Investor Presentation
i, Anterix Investor Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation, other than historical information, constitute Accordingly, you should not rely upon these forward-looking statements as a representation or forward-looking statements within the meaning of the Private
Slide 3: Our Mission
OUR MISSION: To empower utilities with the transformative capabilities of 900 MHz private broadband, enabling a cleaner, safer, and more resilient energy future.
Slide 4: Meeting Utility Industry Challenges
Meeting Utility Industry Challenges The electric utility business today is Enabling the modern grid requires a solid foundation of strategic technologies, including private wireless fundamentally more complex than ever. broadband communications. Market Forces + Threats Accelerating Demand Extreme We
Slide 5: Digitization = Growth in Devices Needed
Digitization = Growth in Devices Needed Transmission Automation Distribution Substations ★ Distribution Automation • Tension line monitors ★ • Remote terminal units • Reclosers ★ • CCTV Cameras ★ • Capacitor Banks ★ Distributed Generation • Switches ★ • Renewable Energy Resources ★ • Intelliruptors
Slide 6: Demand for Private LTE is Driving Growth
Demand for Private LTE is Driving Growth Required flexibility 900 MHz Increased cyber threats PLTE Nationwide grid Growing focus on modernization underway digital transformation Urgent need for control of communications Privileged and Confidential 6
Slide 7: At Our Core
At Our Core Nationwide 900 MHz Spectrum • Largest holder of licensed 900 MHz spectrum in the U.S. (896-901/935-940 MHz) • FCC rules provide ability to reconfigure spectrum creating significant value • Positioned to enable private LTE solutions that support secure, resilient, and customer-controlled
Slide 8: The Anterix Advantage
The Anterix Advantage Anterix Private LTE Fewer sites and 900 MHz 10 MHz of low- 3GPP global networks that are devices needed for Flexible spectrum Value band, licensed standards- resilient, reliable, wide area network lease contract Drivers spectrum based and secure build offerings Customer Better
Slide 9: Driving Value
Driving Value • Large and growing total addressable market Compelling • Investment-grade customers with long-term Business contracts and strong cash flow Model • Customer preferred pre-payment generates strong near-term cash flow • Scalable initiatives, TowerX & CatalyX, to accelerate adoption, broa
Slide 10: Nationwide 900 MHz Licensing Landscape
Nationwide 900 MHz Licensing Landscape • Approximately 10 MHz of low-band, broadband spectrum 3B MHz 10 MHz x 331M = • Covering 331 million people POP • Approximately 3 billion MHz Pops *Based on calculated MHz-Pops from currently available FCC ULS license data, 2020 US Census data, and Anterix anal
Slide 11: Investor-Owned Utility Target Customers
Investor-Owned Utility Target Customers IOUs are an ideal customer fit for our business model. Regulatory Rate of IOU x = • Cover much of the U.S. population Industry Return Opportunity and our spectrum monetization opportunity • Have strong credit • Growing interest in deploying significant capital
Slide 12: Utility Industry Capital Expenditures
Utility Industry Capital Expenditures $220.7 $207.9 Industry Capital Expenditures (in Billions) $178.2 $171.9 Anterix is $147.7 well-positioned $123.8 $132.7 $134.1 in a large and $113.1 $119.2 growing market $112.5 opportunity. 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Actuals Projecti
Slide 13: We're just getting started
We’re just getting started Bringing Broadband to 12 Contracts Anterix Active Ecosystem Program 900 MHz ~$413M 150+ Members Supporting FCC Authorized Rules In Total Contracted Proceeds 900 MHz PLTE Granted May 2020 Signed Dec. 2020 – Apr. 2026 Launched May 2021 Privileged and Confidential 13
Slide 14: Moving Beyond Spectrum
Moving Beyond Spectrum Infrastructure Access at Scale Secure Device & Network Enablement • A turnkey tower access and optimization program • Cloud-based platform that enables utilities to designed specifically for utilities connect, manage, and secure devices across 900 MHz private wireless networks
Slide 15: 150+ companies and counting…
150+ companies and counting… Building the foundation for a new technology landscape with 900 MHz private LTE networks. Privileged and Confidential 15
Slide 16: Investment Highlights
Investment Highlights Fully funded with ~$98.5M cash a/o 3/31/2026 and contracted proceeds due of ~$50M to be paid through FY2029 Active $250M Share repurchase plan Debt-Free ~$194M Federal NOLs Long-Term a/o 3/31/2026 lease contracts Low Capex Pre-paid lease model Intensive business With majority o
Slide 17: Experienced Leadership Team
Experienced Leadership Team Tom Scott Gena Kim Chris Guttman- Carlos Elena Heather Ross Kuhn Lang Ashe Green-Kerr McCabe L’Abbate Marquez Martin Spero Executive Chairman President Chief Legal Officer Chief Revenue Chief Regulatory Chief Technology Chief Financial Chief Marketing Chief Product of the
Slide 18: Seasoned Board of Directors
Seasoned Board of Directors Tom Scott Jeffery Leslie Mark William Mahvash Kuhn Lang Altman Daniels Fleischhauer Heard Yazdi Executive Chairman President Independent Independent Independent Independent Independent of the Board & CEO Director Director Director Director Director Privileged and Confiden
Slide 19: Our Mission
OUR MISSION: To empower utilities with the transformative capabilities of 900 MHz private broadband, enabling a cleaner, safer, and more resilient energy future.