ATN International : Q3 2025 Earnings Presentation Final

About this update from Atn International, Inc.

Third Quarter 2025 Earnings Call November 6, 2025 1 Q3 FY 2025 A Message from ATN's Leadership " Our third quarter results were in line with our expectations and demonstrated steady progress in executing our strategic transformation plan and maintaining disciplined operational focus. We're doing what we said we would do-methodically strengthening our operational foundation, improving our cost structure and margins, and positioning the business for sustainable growth as we move toward 2026." Brad Martin, Chief Executive Officer "Our refined guidance reflects the continued focus on cost containment efforts and enhanced capital efficiency. We remain confident in our execution capabilities and our path toward sustainable, long-term value creation." Carlos Doglioli, Chief Financial Officer 3 Key Performance Indicators (Q3 FY 2025) Strategy Driving YoY Gains Across Most Key Metrics & Favorable Mix ~433k High-Speed Data Broadband Homes Passed +8% YOY F i b er N etw or k ~12k Fiber Route Miles +1% YOY Hig h - S p eed D a ta M ob i l e N etw or k ~393k International Mobile Subscribers -0.4% YOY ~143k ~61k ~332k High-Speed Data Post-Paid Pre-Paid Customers Subscribers Subscribers +1% YOY +4% YOY -1% YOY Notes 4 • Data presented may differ from prior reported quarter to reflect more accurate data and/or changes in calculation methodology and process. High Speed Data is defined as download speeds ≥ 100 Mbps. Financial Highlights and Drivers Q3 Total Revenue and Adjusted EBITDA 1 International Telecom +1% Revenue and +3% Adj. EBITDA 1 Revenue reflects network investments (enhancing mobile networks, improving service quality) driving growth. Adjusted EBITDA growth reflects the operational leverage achieved through improved efficiency initiatives. Q3 '25 Revenue Q3 '25 Adj. EBITDA 1 52% $183M 48% 39% $49M 61% US Telecom +5% Revenue and +20% Adj. EBITDA 1 Year-over-year and sequential revenue improvement driven by carrier services and fixed revenue growth. Adjusted EBITDA improvement demonstrating the success of converting cost containment efforts into structural improvements. US Intl US Intl 5 See Appendix for reconciliation of Operating Income to Adjusted EBITDA, a non-GAAP measure. International Telecom and US Telecom Segment Financials Q3 2025 Revenue & Adjusted EBITDA 1 International Telecom Revenue Adjusted EBITDA 1 US Telecom +5% +20% +3% Revenue Adjusted EBITDA 1 +1% $94 $95 $32 $33 $84 $88 $18 $21 Q3 2024 Q3 2025 Q3 2024 Q3 2025 (Figures shown in millions) Q3 2024 Q3 2025 Q3 2024 Q3 2025 6 1. See Appendix for reconciliation of Operating Income to Adjusted EBITDA, a non-GAAP measure Balance Sheet Update Strong Balance Sheet Supports Capital Allocation Priorities We are well-capitalized and committed to reducing Capex, managing debt levels and expanding operating cash flow $61M YTD FY25 CapEx $120M Cash Position $580M Debt Position 1 $174M Undrawn Revolver Capacity 2 Net Debt Ratio - 2.47x As of September 30, 2025. 7 1. Debt position excludes customer receivable credit facility Undrawn revolver capacity includes ATN's and Alaska Communications' revolving credit facilities Key Tenants of ATN's Plan 2025 Strategic Priorities 1 International: Continue to convert high-value business opportunities leveraging expanded & upgraded network, localized operations & trusted relationships 2 Domestic: Refocus efforts on growing business and carrier customer revenues, strengthen operational teams, and maximize network value 3 Reduce internally funded capital expenditures, and leverage grants won and pursue additional grants that economically expand network reach to underserved 4 Advance cost containment actions into structural changes to drive higher operating margins 5 Manage balance sheet to enhance cash flow and lower leverage 8 Full Year 2025 Outlook Revenue (excluding construction revenue) In line with 2024 Revenue of $725M Adjusted EBITDA* Flat to slightly above 2024 Adjusted EBITDA of $184M Capital Expenditures $90M to $100M (net of reimbursements) Net Debt Ratio* Remain flat with slight potential improvement exiting 2025 compared with 2.54x at the end of 2024 *For the Company's full year 2025 outlook dated 11/5/2025 for Adjusted EBITDA and Net Debt Ratio, the Company is not able to provide without unreasonable effort the 9 most directly comparable GAAP financial measures, or reconciliations to such GAAP financial measures, on a forward-looking basis. About ATN International 10 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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