Lumen Technologies, Inc. (NYSE:LUMN) Bank of America 2023 Leverage Finance Conference November 28, 2023 2:10 PM ET Company Participants Chris Stansbury - Executive Vice President and Chief Financial Officer Conference Call Participants Ana Goshko - Managing Director, Bank of America Ana Goshko This is the Bank of America 2023 Leverage Finance Conference, and I'm Ana Goschko. I cover Telecom and Technology Credit, and we're thrilled to have Lumen Technologies with us. And we have Chris Stansbury, Executive V ...

Lumen Technologies, Inc. (NYSE:LUMN) Q3 2023 Earnings Conference Call October 31, 2023 5:00 PM ET Company Participants Mike McCormack - Senior Vice President, Investor Relations Kate Johnson - President and Chief Executive Officer Chris Stansbury - Executive Vice President and Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Nick Del Deo - MoffettNathanson Michael Rollins - Citi Batya Levi - UBS David Barden - Bank of America Greg Williams - TD Cowen Frank Louthan - Raymo ...

Third Quarter 2023 Results OCTOBER 31, 2023 Forward-Looking Statements Except for historical and factual information, the matters set forth in this presentation and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," "will," and similar expressions are forward-looking statements as defined by the federal securities laws, and are subject to the "safe harbor" protections thereunder. These forward-looking statements are not ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-7784 (State or other jurisdiction of incorporation or organization) 100 CenturyLink Drive, Monroe, Louisiana 71203 (Addr ...

Summary of Lumen Technologies, Inc. Conference Call Company Overview - **Company**: Lumen Technologies, Inc. (NYSE:LUMN) - **Date**: October 3, 2023 - **Participants**: Chris Stansbury (EVP and CFO), Mike McCormick (Head of IR), Jitendra Joshi (Deutsche Bank Analyst) Key Points Industry and Macro Environment - The telecom industry is experiencing volatility with concerns about rising interest rates and potential economic slowdown [3][4] - Lumen is currently seeing elongated sales cycles, but no significant degradation in margins or sales funnel [5][6] Transformation and Strategy - Lumen is undergoing a significant transformation, focusing on attracting talent from the tech sector to drive innovation [4][12] - The elimination of the dividend has shifted the company's focus from cost-cutting to customer service and innovation [12][13] - A cultural transformation is underway, with a new management team and a focus on improving internal efficiencies [13][14] Financial Management and Capital Expenditure - Capital spending is linked to customer demand, providing a level of protection against macroeconomic shifts [7][9] - Maintenance CapEx is approximately $0.25 billion for both enterprise and consumer segments, with optionality in innovation spending [9][10] - The company is focused on fixing internal inefficiencies and implementing a new ERP system by early 2025 [7][9] Sales and Marketing Strategy - Lumen is hiring new sales talent to adapt to a new sales motion, focusing on selling services and solutions rather than legacy telecom [16][21] - Compensation structures for sales teams have been aligned with lifecycle management to incentivize selling higher-margin products [21][22] - AI tools are being utilized to enhance sales productivity and streamline processes [22][23] Mass Markets and Consumer Business - The consumer business represents about 20% of Lumen's operations, with a focus on high-potential markets [38][39] - The company is targeting specific metro areas for investment to maximize returns, despite the long payback period for capital investments [39][41] - Lumen is cautious about scaling the consumer business until the fiber network is fully established [43] Debt and Capital Structure - Ongoing discussions with bondholders are constructive, with a focus on achieving a holistic solution for the capital structure [49][51] - The company is managing a significant debt burden, with a focus on refinancing strategies to address upcoming maturities [52][54] - There is a recognition of the need for access to capital to support both enterprise and mass market initiatives [52][56] Future Outlook - Lumen is optimistic about its transformation and the potential for growth in both enterprise and consumer segments [12][38] - The company is focused on building a robust fiber network to enhance its market position and drive future profitability [43][44] Additional Insights - The company is leveraging data analytics to refine customer offers and improve sales effectiveness [26][29] - There is a strategic focus on maintaining a balance between capital investment and operational efficiency to navigate potential economic challenges [44][46]

Lumen Technologies, Inc. (NYSE:LUMN) BofA Securities 2023 Media, Communications and Entertainment Conference September 14, 2023 1:10 PM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Dave Barden - Bank of America Merrill Lynch Dave Barden All right. Welcome back from lunch, everybody. Thanks for joining us, while people kind of filter in, but, we'll get started to stay on time. Thank you so much, I'm Dave Barden. I head up telecommunications and common infrastructure rese ...

Lumen Technologies, Inc. (NYSE:LUMN) Goldman Sachs 2023 Communacopia + Technology Conference September 7, 2023 6:45 PM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Unidentified Company Representative Welcome, everyone. It's been three terrific days here. Thanks to all of you for turning out, and it's really an honor to welcome back to our Communacopia & Technology Conference for the second year Chris Stansbury, the CFO of Lumen Technologies. Thanks for being back here w ...

Lumen Technologies, Inc. (NYSE:LUMN) TD Cowen 9th Annual Communications Infrastructure Summit Conference Call August 8, 2023 5:40 PM ET Company Participants Andrew Dugan - Executive Vice President and Chief Technology Officer Conference Call Participants Greg Williams - TD Cowen Greg Williams Let’s get started. Welcome everybody. It’s Greg Williams; I cover the telco wireless data and power sector at TD Cowen. I am joined this session by Andrew Dugan, the EVP and Chief Technology Officer of Lumen. Andrew, w ...

Lumen Technologies, Inc. (NYSE:LUMN) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Mike McCormack - SVP, IR Kate Johnson - President and CEO Chris Stansbury - EVP and CFO Conference Call Participants Simon Flannery - Morgan Stanley Batya Levi - UBS Michael Rollins - Citi Greg Williams - TD Cowen & Company Frank Louthan - Raymond James Nick Del Deo - MoffettNathanson Dave Barden - Bank of America Merrill Lynch Bora Lee - RBC Capital Markets Operator Greetings, and welcome to ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-7784 LUMEN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Louisiana 72-0651161 (State or other jur ...