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| Sensitivity: Internal 2 “This presentation includes forward-looking statements that are subject to risks and uncertainties that could cause actual future events and results to differ materially from those expressed in the forward-looking statements. Forward-looking statements are typically identified by words or phrases such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast” and other words and terms of similar meaning. Forward-looking statements include, but are not limited to, guidance regarding 2023 financial and operational results and our ability to successfully execute our 2023 company priorities supporting the guidance; anticipated Kinetic broadband subscriber and market penetration growth, including fiber broadband additions; availability and timing of delivery of faster speeds to customers, along with speed expansion to more service locations; potential impact on households served and customer experience related to our 8Gig Kinetic fiber offering; greater number of households that may be served generally and related to funding from various state and federal broadband programs, including future programs, public-private partnerships with government entities, the Rural Digital Opportunity Fund and the Broadband Equity and Access Deployment Program (BEAD); opportunities related to Enterprise strategic sales, products, and strategic revenue growth; and contribution margin trends in our business units; wholesale network, revenue, products, and customer expansion opportunities in 2023; statements concerning arrangements under the CLEC and ILEC Master Leases with Uniti Group, Inc., including growth capital improvement reimbursements, amount of future rent payments, future value of the leased assets, lease renewal processes, and our ability to utilize our contractual right of offsetting rent payments; expectations regarding expense management activities, including continuation of the reduction in interconnection and access expense, and the timing and benefit of such activities; and any other statements regarding plans, objectives, expectations and intentions and other statements that are not historical facts. These statements, along with other forward-looking statements regarding Windstream’s overall business outlook, are based on estimates, projections, beliefs, and assumptions that Windstream believes are reasonable but are not guarantees of future events, performance or results. Actual future events and results may differ materially from those expressed in these forward-looking statements as the result of a number of important factors. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include risks and uncertainties relating to current or future adverse economic, political or market conditions related to epidemics, pandemics, or disease outbreaks, including COVID-19, and the impact of these conditions on our business operations and financial position and on our customers; further adverse changes in economic conditions, including the impact of foreign wars, and risks and uncertainties from continuing cost pressures and inflation on our customers’ communications and payment decisions; impact of supply chain delays or shortages on our business operations and on our customers’ ability to operate their business; increased competitive pressures as state and federal broadband funding programs provide opportunities for new entrants in our markets and possible overbuilding of our network; loss of funding provided by the Affordable Connectivity Program or other state or federal subsidy programs that are not yet permanent programs; that the expected benefits of cost reduction and expense management activities are not realized or adversely affect our sales and operational activities or are otherwise disruptive to our business and personnel; the impact of new, emerging, or competing technologies and our ability to utilize these technologies to provide services to our customers; general U.S. and worldwide economic conditions and related uncertainties; and the effect of any changes in federal or state governmental regulations or statutes, including any new environmental regulations, environmental oversight activities, or inquiries related to environmental matters. Windstream does not undertake any obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.” |