Confidential

Roadshow Presentation

September 2020 Disclaimer

This Presentation is strictly confidential and has been prepared by Triple Play Brasil Participações S.A. (“Company”) and its financial advisors solely for your information and benefit. “Presentation” means this document, its contents or any part of it, any oral presentation, any question and answer session and any written or oral material discussed or distributed during the presentation meeting. This Presentation and its contents are confidential and may be deemed to contain material non-public information. This Presentation may not, in whole or in part, be disclosed, reproduced disseminated or quoted at any time or in any manner without the Company’s prior written consent.

This Presentation also includes forward-looking statements regarding the Company, including projections and expectations, which involve risk and uncertainty and actual results may vary from those expressed or implied. All statements other than statement of historical facts made in this presentation regarding, among other things, the prospects of , the telecommunications industry and our prospects, plans, results of operations, financial position, cash flows, liquidity and business strategy and execution mays constitute forward-looking statements. Such statements reflect the Company’s management’s beliefs, expectations and assumptions of future events and are subject to risks, contingencies and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict.

Factors and risks that could cause actual results to differ materially from our expectations include, but are not limited to, the possibility that the expected growth will not be realized, or will not be realized within the expected time period, due to, among other things: (1) the Company’s dependence on its ability to expand services while maintaining the quality of the services provided and a positive customer experience; (2) the Company and its subsidiaries may face difficulties responding to new technologies; (3) the Company's dependence on its ability to operate its systems and controls efficiently;; (4) as a telecommunication provider, the Company and its subsidiaries are subject to extensive legal and regulatory obligations which may limit its flexibility in responding to change in market and competition conditions; (5) actions taken by our competitors; (6) general economic, political and business conditions and, in particular the effect thereof on the telecommunication industry in Brazil and globally; (7) actions taken or conditions imposed by the Brazilian or foreign governments, including actions which impact interest rates, inflation and foreign exchange; (8) the willingness of customers to buy our products; and (9) our success in retaining and recruiting qualified personnel.

To the extent available, the industry, market and competitive position data contained in this Presentation has come from official or third party sources. Although the Company believes that each of these sources is reasonable and reliable, it has not independently verified their data. In addition, certain of these data comes from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. Although the Company believes that its research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness. Accordingly, you should not place undue reliance on any of the industry, market and competitive data contained in this Presentation, as well as on our forward-looking statements, which speak only as of the date they were made. The Company and its representatives and advisors do not undertake any obligation to update or revise any forward-looking statements because of new information, future events or otherwise.

The material contained herein is in a high level summary form, does not purport to be complete and does not contain an exhaustive review. Prior to making an investment in any securities of the Company, you should carefully consider all sources of information regarding the securities, the Company, the telecommunication industry and all other relevant issues and risks with respect to an investment in the securities and the Company and evaluate the merits, risks and suitability of investing in the securities.

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2 Presenters

Gilbert Minionis Marcus Varotti Karlis Kruklis

Chief Executive M&A and Business Chief Financial Officer Development Officer

Years at Conexão 5 5 -

Years of Experience in Telecom Sector 24 9 7

(1) Prior Experience

______Source: Company Management. 3 (1) Former portfolio company of Acon Offering Summary

Issuer . Triple Play Brasil Participações, S.A. (“Conexão” or the “Company”)

Listing Segment . B3 / Novo Mercado

. Initial Public Offering according to Instrução CVM 400, with international placement efforts according to Rule Offering Structure 144A/Reg S

Offering Size / . R$1.3bn total size Structure . R$560mm primary (at mid point of the range) . R$746mm secondary

Hot Issue . Up to 20% of the Base Offering

Greenshoe . Up to 15% of the Base Offering

Use of Proceeds . Growth (organic and M&A) and working capital

Lock-up Period . Lock-up period 180 days for Company, Management and Selling Shareholders

Joint Bookrunners Lead Coordinator Stabilization Agent

4 Introduction to Conexão Conexão at a Glance

Fast growing Brazilian provider of high-speed internet services with leading market shares in each of the broadband markets we operate

Growing Addressable Market

 Brazil low broadband penetration (48% vs. 89% USA)(1) 330k  Brazil IP traffic growth Total Subs 989k Homes Passed 33% Proven Business Model Penetration Rate  Broadband-centric model  Significant greenfield and M&A opportunities

Revenue High Quality Fiber Infrastructure Breakdown  Fiber-focused network with ~7,500km (~75% of total)(2)  Excellence in customer service (awarded with Best 74% Data Customer Service 6 years in a row)(3)

Track Record of Growth and Profitability

 Annualized Adjusted EBITDA 1H2020 of R$143mm (+14% vs. 2019A)(4)  Target IRR of greenfield projects +30% (As of June 2020)

______Source: Company filings, Anatel, Cisco and IDC (1) Globalcomms 2019; (2) As of June 2020; (3) In Brazil. Award by Anatel, applies only for Cabo Telecom, one of Conexão’s brands; As of September 2018; (4) Annualized Adjusted EBITDA 1H2020 = Adjusted EBITDA 1H2020 of R$71.447 thousand (x) 2 6 A FTTH Broadband Services Provider

Pay-TV Data 74% % of 22% Revenues(1)

4% Voice

Data Pay-TV Voice    High-speed internet Complementary Wide variety of and excellent telephony services television channels to customer service to such as local and long attend client needs customers distance calls

(As of June 2020)

______Source: Company. 7 (1) As of June 2020. Strategy to Concentrate on Small and Medium Sized Broadband Markets

Focus on less competitive markets results in more attractive operating performance given favorable competitive environment than in larger metropolitan markets

RN/PB Cluster CE Cluster SP/MG Cluster

(As of June 2020)

Geographic Footprint

# of Subs(1) 133k 126k 71k

Market 1st 1st 1st Share (2) 46% 22% 46%

______Source: Anatel and Company. As of June 2020. 8 (1) Does not consider the acquisition of Outcenter closed in August 2020 with 55.260 subscribers; (2) Data market share. In the regions Company operates High Quality Fiber Platform and Fast Growing Opportunity

STRATEGY TO PROVEN TRACK RECORD EXPANSION OF HIGH “FUTURE PROOF” GROW SHARE IN IN EXPANDING MARGIN B2B BUSINESS FTTH NETWORK AND CURRENT MARKETS NETWORK WITH BY LEVERAGING TARGETED, ROIC EXISTING CLUSTERS AND EXISTING NETWORK DRIVEN CAPEX ACQUISITIONS

,

Conexão vs. Fast Growing US Player (CAGR ’17A-’19A)

Subscribers Growth EBITDA Growth

1 26% 1 22% 4x 1.7x

13.3% 6.6%

______Source: Company’s fillings, FactSet, Bloomberg and public information (investor relations website) 9 Track Record of Growth…

Organic growth trajectory boosted by a disciplined M&A strategy and proven execution capabilities

Evolution of Total Number of Subscribers (‘000, EoP) Acquisition of Mega and Agily

Organic 18.5% Acquisition of M&A Inorganic (M&A) , (1) Tecnet Conexão, 46% CAGR 2015-1H2020 Alegra and Direta

Platform established in March 2015 with Organic acquisitions of RN/PB 54% Cluster & CE Cluster

______(1) Considers CAGR from 4Q2015 until 2Q2020. 10 …with EBITDA Margin Expansion

Adjusted EBITDA and Adjusted EBITDA Margin (R$mm, %)

19.3% CAGR 2017-1H2020(1)

(2)

______Source: IBGE; Managerial figures adjusted to exclude non-cash and non-recurrent expenses 11 (1) Considers Annualized Adjusted EBITDA 1H2020; (2) Annualized Adjusted EBITDA 1H2020 = Adjusted EBITDA 1H2020 of R$71.447 thousand (x) 2 Engines of Growth: Multitude of Opportunities for Substantial Value Creation

A

B

C

12 Conexão Equity Story Conexão is Well Positioned to Capture the Secular Trends in A Customer Behavior…

Clients Are Demanding Higher Speeds Largest Broadband Providers % of Fiber

ISP Covid-19 pulling Large Telcos Platform forward secular trends (% of accesses(2)) (% of km(2)) Fiber Others Broadband Connections in Brazil per Speed(1)

36% 30% 48% 25% 65% 58% 73% 20% 23% 60% 26% 64% 27% 50% 73% 72% 24% 41% 22% 26% 15% 6% 11% 97% Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Jun-20

< 12Mbps 12Mbps - 34Mbps > 34Mbps 75% Brazil’s Broadband Penetration: Still Low

As of Dec-19

100% 40% 97% 36% 89% 27% 28% 63% 67% 48% 50% 50% 3%

(1) % Fiber % Fiber Subscribers Network(2) # Broadband Accesses(3) BR MEX Chi Arg IT US UK FR 10mm 7mm 5mm 678k 623k 330k

______Source: IDC, Anatel, Company Filings and Wall Street Research, Globalcomms 2019. 14 (1)ANATEL as of June 2020; (2) As of June 2020 – fiber as a % of total network. Company filings. (3) ANATEL as of June 2020. A …Anchored by its Leading Market Position…

(Market Share when Conexão entered the area vs. Market Share June 2020)

Superior Levels of Customer Satisfaction Broadband Market Share @Conexão Current Areas (%)

Upon Acquisition(2) June-2020

Anatel Customer Service Satisfaction(1)

RN/PB Strive to execute over 90% of our Cluster technical visits within 3 hours of the customer’s call

Others Others 100.0% 98.4%

93.4% CE 92.2% Cluster

88.5%

Others Others

83.5%

SP/MG Cluster

Player A Player B Player C Player D RN/PB Cluster CE Cluster Others Center Others

______Source: Anatel, Teleco, IBGE, Wall Street Research, Company. (1) As of Sep/2018; (2) For the green area, considers the following cities – Fortaleza, Eusébio, Maracanaú and Caucaia; As of Jun/2015; (3) For the blue area, considers the following cities – Natal, Parnamirim and São Gonçalo do Amarante; As of 15 Mar/2015; (4) For the pink area, considers the following cities – Espírito Santo do Pinhal, Guaxupé, , , Mogi Mirim, Monte Santo de Minas, São João da Boa Vista, São José do Rio Pardo, and ; As of Nov/2018 A …and Resilience in a Downturn Scenario Despite recent market turmoil, Conexão has been able to expand its customer base due to its high-quality customer service and infrastructure

Number of Subscribers(1)

(‘000 subs)

Implied CAGR (Feb/20 – June/20)

+10.8% 330

327

324

322

319

Feb-20 Mar-20 Apr-20 May-20 Jun-20

______Source: Company 16 (1) Includes acquisitions Conexão Consistently Delivers Penetration Growth in B New Areas…

Penetration Rate of Home Passed (%)

55% Northeast New Vintages(1) 55.0% Average of New Vintages (SP/MG Cluster)

50% Market 1 Market 2 Market 3 Market 4 50.0% Market 5 Market 6 Market 7 Market 8 +20% Penetration Rate 45% 45.0% in less than 2 years

40% 40.0% 40.1%

35% 35.0%

30% 30.0%

25% 25.0%

20% 20.0% 20.2%

15% 15.0%

10% 10.0%

5% 5.0% Tgt. Penetration Tgt. Penetration Rate in 1 yr Rate in 2 yrs 0% 0.0% 1 4 7 10 13 16 19 22 25 28 1 4 7 10 13 16 19 22 25 28 # of months since launching # of months since launching

Impact of New Homes Passed

______Source: Company 17 (1) Only considers mature vintages and not considering inorganic/acquisitions. B …and Has Many Near Term Opportunities Already Mapped

84 strategic clusters identified to add ~2.8mm subscribers for organic roll out and growth

Total Potential Net Top 20 Clusters Homes Passed Revenues / year (3) [#] ['000] [R$mm]

84 Cluster #1 79 23 MANAGEMENT New Potential Cluster #2 186 53 Cluster #3 74 21 POLICY TO INVEST IN Clusters Cluster #4 116 33 AREAS WITH IRR Cluster #5 100 29 Cluster #6 112 32 >30% Cluster #7 79 23 2.8mm Cluster #8 87 25 Cluster #9 84 24 Potential Cluster #10 117 33 POTENTIAL TO Subscribers Cluster #11 96 27 Cluster #12 107 31 DEPLOY Cluster #13 106 30 Cluster #14 186 53 ~R$ 1BN Validated by an Cluster #15 78 22 international Cluster #16 56 16 IN CAPEX FOR Cluster #17 81 23 TOP 20 consulting firm Cluster #18 98 28 focused on TMT Cluster #19 121 35 CLUSTERS Cluster #20 66 19

Total 2,028 581

______Source: Company filings 18 B Conexão Has a Successful Track Record of Acquisitions…

Experienced team with deep knowledge of Brazil’s ISP market, having completed 9 successful acquisitions since 2015

Recently Closed Expected for 3Q20

2020

2018 Subscribers Evolution From acquisition date until Jun-2020

2015 +37%

______Source: Company filings

(1) Considers the acquisition of Cabo Telecom, Videomar, Direta, Alegra, Tecnet, Conexão, Agily and Mega 19 …and Plenty of Room to Grow as a Consolidator in a Highly B Fragmented Market Totaling 9mm Subscribers

Brazilian Broadband Market is Highly Fragmented (1) Robust Pipeline with Discussions Underway

1/3 of total market served by small and medium ISPs: +9mm subs opportunity

# of Players Player Profile # of Subscribers per player Potential Targets 1,000+ 4 Big Telcos National +100,000 Screening Providers 13 100+

Regional ~145 ~10,000 to 100,000 Providers Under Evaluation Local ~155 ~5,000 to 10,000 10 Providers 3 Due Diligence Up to ~5,000 Small c. 5,500 2

Conexão Potential Targets Potential Conexão Providers

______Source: Company (M&A pipeline), Anatel and Wall Street Research (number of players pyramid) 20 (1) Considers Internet Service Providers (ISP); As of September 2019 C Leverage Quality Network in Place to Expand our B2B Business

Continued Growth in Demand for B2B Reflected into Our Clients Base

(‘000 subs) Leverage Company's existing state-of-the-art CAGR 17 - 19 network …

+27% 16.0 … to tap a growing 13.9 underserved market of c. 249k clients(1)…

9.9

… with minimal incremental network Capex …

…delivering growth with 2017 2018 20182019 very attractive returns

______Source: Company and Serasa. 21 (1) Addressable market in SP/MG cluster, Fortaleza and Natal (in our areas of operation). Key Takeaways Key Takeaways

 Proven business model supported by a high-quality fiber network and excellent customer service

 Historical organic growth performance with potential for further growth

Multiples avenues of growth: penetration growth, greenfield investments, acquisitions and SME/Corp  segment

 Business positioned to benefit from long term trends in customers behavior boosted by Covid

 Seasoned management team in the sector backed by a strong financial sponsor

Platform through which investors can participate in the fast-growing and highly fragmented Brazilian broadband market

23