Lumen Technologies, Inc. · NYSE:LUMN
Lumen Technologies — Q4 2024 Earnings Presentation
20 slides from Lumen Technologies's earnings presentation, February 2025
Slide 1: Investor Presentation
Investor Presentation February 2025 0 © 2025 2024 Lumen Technologies. All Rights Reserved.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions are forw
Slide 3: Non-GAAP Measures
Non-GAAP Measures This presentation includes certain historical and forward-looking non-GAAP financial measures, including but not limited to adjusted EBITDA, adjusted EBITDA margin, and free cash flow, each excluding the effects of special items, and adjustments to GAAP and other non-GAAP measures
Slide 4: Table of Contents
Table of Contents Leadership Team Our Priorities Lumen Business Quantum Fiber Review of 4Q24 Results 3 © 2025 2024 Lumen Technologies. All Rights Reserved.
Slide 5: Experienced New Executive Team With Expertise in Driving Business Growth and Transformation
Experienced New Executive Team With Expertise in Slide Title Driving Business Growth and Transformation Kate Johnson 30+ years of Chris Stansbury 30+ years of President & Executive Vice President, experience experience Chief Executive Officer Chief Financial Officer Ryan Asdourian Executive Vice Pre
Slide 6: Our Priorities
Our Priorities 5 © 2025 2024 Lumen Technologies. All Rights Reserved.
Slide 7: Execution Focus: Five Core Priorities for Lumen
EXECUTION FOCUS: FIVE CORE PRIORITIES FOR LUMEN 1 Build the backbone for the AI economy 2 Cloudify telecom with Lumen Digital 3 Bend the curve on Core Network Services execution 4 Simplify and modernize Lumen 5 Continue to execute to plan in Mass Markets
Slide 8: Our Mission: Igniting business growth by connecting people, data, and apps
OUR MISSION Igniting business growth by connecting people, data, and apps — quickly, securely, and effortlessly Igniting Business People Data, Apps Quickly Securely Effortlessly Growth consumers, tools that help people speed of execution, protected, trusted, on time, across data, applications, enter
Slide 9: Our North Star
Our North Star Purpose Unleashing the world’s digital potential TO DISRUPTION Mission Igniting business growth by connecting people, data and apps – quickly, securely and effortlessly Customer THE PATH Reliable, flexible More productive, Secure data Enable business process Participate in Challenges
Slide 10: Principled Approach to Reposition Lumen for Stabilization and Growth
Principled Monetizing irreplaceable assets Approach to Reposition Lumen for Making Intentional Investments aligned to Stabilization growth markets, mindful of efficiency and cash and Growth Leveraging Experienced Team to deliver on transformation Driving Financial Outcomes through material improveme
Slide 11: The Path of Disruption
The Path of Disruption Networks Need to Support the Digital Economy Edge Hybrid Security Cloud Streaming Big Data Apps & Services Connected cities SaaS Data migration Internet Access Communication Data Transfer E-Commerce Voice Legacy Business Wireline AR/VR Dynamic Simple, point-to-point connectivi
Slide 12: Our AI Opportunity: Simple Logic, Clear Value
OUR AI OPPORTUNITY: SIMPLE LOGIC, CLEAR VALUE AI needs data Data needs data centers Data centers need • To train its algorithms • In the public cloud • Power • To understand your • At the edge • Space business • On Prem • Water for cooling • To offer insight • FIBER NETWORKS • To adopt your voice FO
Slide 13: Lumen's View: 3 Phases of the AI Story
LUMEN’S VIEW: 3 PHASES OF THE AI STORY Phase 1 Phase 2 Phase 3 Training of Models Inferencing with Models AI Rings • Build the AI network backbone • Enterprise Customers: Companies • Fiber rings communicating across • Customers: hyperscalers, datacenters, building applications powered by AI networks
Slide 14: Network Is Critical in an Enterprise AI Strategy
NETWORK IS CRITICAL IN AN ENTERPRISE AI STRATEGY Architecture Platform Consumption Model Private Network-as-a- Lumen Digital Connectivity Fabric Service (NaaS) Data Cloud and Data Network AI Strategy Center Strategy Management Strategy Strategy
Slide 15: Lumen Business
Lumen Business 14 © 2025 2024 Lumen Technologies. All Rights Reserved.
Slide 16: Modern Infrastructure Matters
Impact of Outdated Infrastructure Performance lags, security gaps, and inefficiencies are common issues caused by outdated infrastructure. Modern Cost of Delaying Modernization Enterprises that delay modernization will face increasing costs and challenges in adopting Infrastructure essential technol
Slide 17: The Lumen Digital Platform
The Lumen Digital Platform Differentiated Customer Experience (CX) A simple, unified, digital CX giving enterprise customers network capabilities needed for today’s applications NaaS Edge Fabric Security Digital, Dynamic Experiences: Waves, Ethernet, IP, VRFs Ubiquity & Proximity Private & Secure In
Slide 18: Lumen's Extensive Infrastructure Assets
Lumen’s Extensive Infrastructure Assets Portfolio contains nearly every next-gen fiber network built International National (U.S.) Local (U.S.) Long-lived assets underpin our growth strategy; all emerging technologies rely on fiber 17 © 2025 Lumen Technologies. All Rights Reserved.
Slide 19: Private Connectivity Fabric: Building on Top of Lumen's Network
PRIVATE CONNECTIVITY FABRIC: BUILDING ON TOP OF LUMEN’S NETWORK IP (private & public) Ethernet (metro & national) Wave service (metro & national) Fiber infrastructure (metro & national) © 2025 Lumen Technologies. All Rights Reserved.
Slide 20: Lumen's ESG Program Highlights
Lumen’s ESG Program Highlights Achieved ISO 27001/27701 Supported nearly 4,000 Developed an AI Advisory Achieved 2025 science-based certification for information nonprofits via the Lumen Board and AI Governance targets ahead of schedule: security and privacy Cares Portal Policy Reduced our