ATN International : Q1 2026 Earnings Presentation Final

About this update from Atn International, Inc.

First Quarter 2026 Earnings Call May 7, 2026 First Quarter 2026 Earnings Call Agenda Key Metrics and Revenue Composition Financial Results 2026 Full-Year Outlook 3 ATN International | Q1 2026 Earnings Presentation May 2026 Key Performance Indicators (Q1 2026) Strategy Driving YoY Gains Across Key Metrics / Favorable Mix Hig h - S p eed B r oa d b a n d I n ter n a ti on a l M ob i l i ty ~ 523k High-Speed Broadband Homes Passed +24% YoY ~ 62k Post-Paid Subscribers +5% YoY ~ 143k High-Speed Customers +3% YoY ~ 324k Pre-Paid Subscribers -1% YoY Notes: Data presented may differ from prior reported quarter to reflect more accurate data and/or changes in calculation methodology and process. High-Speed Broadband is defined as download speeds ≥ 100 Mbps. 4 ATN International | Q1 2026 Earnings Presentation May 2026 Financial Highlights and Drivers Q1 2026 Total Revenue Up 2% YoY Q1 2026 Revenue by Product Key Drivers: Fixed Revenue was flat, which included 21% 4% 14% an expected subsidy loss Carrier Services revenues rose 9% $182M 61% Postpaid Mobility revenue growth offset prepaid losses Other Revenue up 18% as ancillary services expanded Mobility Fixed Carrier Services All Other 5 ATN International | Q1 2026 Earnings Presentation May 2026 Consolidated Financials Q1 2026 Revenue and Adjusted EBITDA 1 - Consolidated Consolidated Total Revenue Adjusted EBITDA 1 Key Drivers: +2% $179 $182 $44 +10% $49 Total revenue growth of 2% driven by: Fixed Business Carrier Services Other / Ancillary Services Growth increases to 3% when rebased for subsidy loss and construction revenue Adj. EBITDA 1 up 10%; Continued focus on cost discipline and margin expansion 1Q 2025 1Q 2026 1Q 2025 1Q 2026 (Dollars in millions) 1. Adjusted EBITDA is defined as Operating income (loss) before depreciation and amortization expense, transaction-related charges, restructuring and reorganization expenses, the loss on dispositions, transfers, and contingent consideration, and non-cash stock-based compensation. 6 ATN International | Q1 2026 Earnings Presentation May 2026 International Telecom Segment Financials Q1 2026 Revenue and Adjusted EBITDA 1 - International Telecom International Telecom Total Revenue Adjusted EBITDA 1 Key Drivers: +2% $94 $96 +6% $32 $34 Total revenue growth driven by: Carrier Services Fixed Business Post-paid Consumer Mobility Other / Ancillary Services Adjusted EBITDA 1 growth driven by higher revenues and cost containment and efficiency initiatives 1Q 2025 1Q 2026 1Q 2025 1Q 2026 (Dollars in millions) Adjusted EBITDA is defined as Operating income (loss) before depreciation and amortization expense, transaction-related charges, restructuring and reorganization expenses, the loss on dispositions, transfers, and contingent consideration, and non-cash stock-based compensation 7 ATN International | Q1 2026 Earnings Presentation May 2026 US Telecom Segment Financials Q1 2026 Revenue and Adjusted EBITDA 1 - US Telecom US Telecom Total Revenue Adjusted EBITDA 1 +2% +11% Key Drivers: Revenue growth increase of 3% when normalized for construction revenue $85 $86 $18 $19 Total revenue growth driven by: Carrier Services Fixed Business Adjusted EBITDA 1 growth driven by higher revenues and cost discipline 1Q 2025 1Q 2026 1Q 2025 1Q 2026 (Dollars in millions) Adjusted EBITDA is defined as Operating income (loss) before depreciation and amortization expense, transaction-related charges, restructuring and reorganization expenses, the loss on dispositions, transfers and contingent consideration, and non-cash stock-based compensation. 8 ATN International | Q1 2026 Earnings Presentation May 2026 Balance Sheet Update Strong Liquidity Provides Financial Flexibility Approximately 75% of debt is at the subsidiary level and non-recourse to the parent $21M Q1 FY26 CapEx Spend $105M-$115M FY26 CapEx Outlook $123M Cash Position 1 $570M Debt Position 2 $191M Undrawn Revolver Capacity 3 2.30x Net Debt Ratio 4 As of March 31, 2026 Cash position includes cash, cash equivalents, and restricted cash Debt position excludes customer receivable credit facility Undrawn revolver capacity includes the ATN, OneCommunications (Guyana), and Alaska Communications revolving credit facilities Net Debt is defined as total debt less cash and cash equivalents and restricted cash, and Net Debt Ratio is defined as Net Debt divided by the trailing four quarters ended total Adjusted EBITDA at the measurement date 9 ATN International | Q1 2026 Earnings Presentation May 2026 ATN Reiterates Full Year 2026 Outlook Adjusted EBITDA 1 ▪ $190M to $200M, excluding the impact of the pending U.S. tower portfolio sale 2 Initial closing of the U.S. tower portfolio sale is expected to occur in the second quarter of 2026, which could reduce the 2026 Adjusted EBITDA outlook by approximately $6M to $8M Capital Expenditures ▪ $105M to $115M (net of reimbursable expenditures) 1 For the Company's full year 2026 outlook dated March 4, 2026, for Adjusted EBITDA, the Company is not able to provide, without unreasonable effort, the most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures, on a forward-looking basis. 2 As previously disclosed, on February 11, 2026, certain subsidiaries of the Company entered into that certain Purchase and Sale Agreement with EIP Holdings, IV, LLC, an affiliate of Everest Infrastructure Partners, Inc., to sell approximately 214 tower portfolio sites in the southwest U.S. for up to $297 million in cash consideration (the "U.S. tower portfolio sale"). 10 ATN International | Q1 2026 Earnings Presentation May 2026 11 Attention : This is an excerpt of the original content. 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