Windstream Holdings Investor Presentation — August 2018

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PresentationAugust 9, 2018Participants

Chief Executive OfficerBob Gunderman

Chief Financial Officer & TreasurerChris King

VP, Investor RelationsSafe Harbor Statement

3Windstream Holdings, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Private Secur ities Litigation Reform Act of 1995. 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 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 include, but are not limited to, 2018 guidance for service revenue, adjusted OIBDAR, adjusted capital expenditures, and adjusted free cash flow,

along with statements regarding cash taxes, future growth of adjusted OIBDAR and free cash flow; 2018 directional outlook for business units and overall business trends,

including revenue and contribution margin trends and sales opportunities; improvement in our ability to compete, including oppor tunities associated with, and expected sales

growth, of strategic products and services; increasing deployment and availability of faster broadband speeds to more households within our service areas, along with

subscriber trends; statements regarding our 2018 priorities and progress; the benefits of the mergers with EarthLink Holdings Corp. and Broadview Network Holdings, Inc.

including projected synergies and the timing of the synergies; our ability to improve our debt profile and balance sheet and overall reduction in net leverage; expectations