Verizon Communications Investor Presentation — July 2021

Document content

July 21, 2021 VlpHU09DSUQyMDE4UTQ

VZQTR20FIN “Safe Harbor” Statement

NOTE: In this presentation we have made forward- looking statements. These statements are based on our estimates and assumptions and are

subject to risks and uncertainties. Forward- looking statements include the information concerning our possible or assumed future results of

operations. Forward -looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “expects,”

“hopes,” “forecasts,” “plans” or similar expressions. For those statements, we claim the protection of the safe harbor for fo rward-looking

statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicl y release the results of

any revision to these forward -looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place

undue reliance on such forward -looking statements. The following important factors, along with those discussed in our filings with the Securities

and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from thos e expressed in the

forward -looking statements: cyber attacks impacting our networks or systems and any resulting financial or reputational impact; natural disasters,

terrorist attacks or acts of war or significant litigation and any resulting financial or reputational impact; the impact of the COVID- 19 pandemic on

our operations, our employees and the ways in which our customers use our networks and other products and services; disruptio n of our key

suppliers’ or vendors' provisioning of products or services, including as a result of the COVID -19 pandemic; material adverse ch anges in labor

matters and any resulting financial or operational impact; the effects of competition in the markets in which we operate; failur e to take advantage of

developments in technology and address changes in consumer demand; performance issues or delays in the deployment of our 5G n etwork

resulting in significant costs or a reduction in the anticipated benefits of the enhancement to our networks; the inability to i mplement our business

strategy; adverse conditions in the U.S. and international economies; changes in the regulatory environment in which we operate, including any

increase in restrictions on our ability to operate our networks or businesses; our high level of indebtedness; an adverse change in the ratings

afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affec ting the cost, including