Financial highlights for the first quarter of 2023 as compared to the same period of 2022, including financial highlights excluding movements in foreign exchange rates (“FX”)1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

2Segment Adjusted EBITDA is a GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

1Excludes movements in FX

1Excludes movements in FX

2This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

Expected results and estimates may be impacted by factors outside of the Company’s control, and actual results may be materially different from this guidance. See “Cautionary Statement Concerning Forward-Looking Statements” herein.

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

America: Revenue down 1.3%:

•Lower revenue from printed formats partially offset by higher digital revenue

◦Digital revenue up 3.6% to $78.0 million from $75.3 million

•National sales comprised 33.1% of America revenue, compared to 35.8% in the prior year

Airports: Revenue down 3.7%:

•Lower revenue driven by timing of campaign spending in certain airports

•Digital revenue down 3.3% to $29.6 million from $30.6 million

•National sales comprised 60.1% of Airports revenue, compared to 55.2% in the prior year

Europe-North: Revenue up 5.2%; excluding movements in FX, up 14.9%:

•Revenue up across all products and in all countries, most notably Belgium, Sweden and the U.K., driven by increased demand and new contracts

•Digital revenue up 5.9% to $65.3 million from $61.7 million; digital revenue, excluding movements in FX, up 16.1% to $71.6 million

Europe-South: Revenue up 20.6%; excluding movements in FX, up 25.0%:

•Revenue up across all products, most notably street furniture, and in all countries, with the largest increase in France, driven by increased demand related to COVID-19 recovery

•Digital revenue up 32.1% to $22.2 million from $16.8 million; digital revenue, excluding movements in FX, up 35.3% to $22.7 million

Other: Revenue up 0.9%; excluding movements in FX, down 1.4%:

•Lower revenue driven by termination of public bicycle rental program

Direct Operating and SG&A Expenses1:

1“Direct operating and SG&A expenses” as presented throughout this earnings release refers to the sum of direct operating expenses (excluding depreciation and amortization) and selling, general and administrative expenses (excluding depreciation and amortization).

2Includes restructuring and other costs of $0.6 million and $0.4 million during the three months ended March 31, 2023 and 2022, respectively.

3This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

America: Direct operating and SG&A expenses up 11.1%:

•Site lease expense up 13.3% to $83.0 million from $73.3 million driven by new and amended contracts and lower rent abatements

•Higher credit loss expense driven by specific reserves for certain customers

•Higher compensation costs driven by increased headcount

Airports: Direct operating and SG&A expenses up 3.4%:

•Site lease expense up 4.7% to $36.3 million from $34.6 million

Europe-North: Direct operating and SG&A expenses up 5.3%; excluding movements in FX, up 15.0%:

•Site lease expense up 3.7% to $56.7 million from $54.7 million; site lease expense, excluding movements in FX, up 13.6% to $62.1 million mainly driven by higher revenue and new contracts

•Higher maintenance, production and installation costs driven by higher prices and increased sales activity

•Higher compensation costs driven by higher sales commissions and pay increases

Europe-South: Direct operating and SG&A expenses up 8.5%; excluding movements in FX, up 12.8%:

•Site lease expense up 9.1% to $56.0 million from $51.3 million; site lease expense, excluding movements in FX, up 13.2% to $58.1 million mainly driven by new contracts and higher revenue

•Higher production, installation and maintenance costs

•Higher marketing and information technology costs

Other: Direct operating and SG&A expenses up 1.5%; excluding movements in FX, down 0.9%:

•Lower expenses related to termination of public bicycle rental program offset by higher compensation costs

1Includes restructuring and other costs (reversals) of $(0.1) million and $9.1 million during the three months ended March 31, 2023 and 2022, respectively.

2This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

•Lower restructuring and other costs driven by estimated legal liabilities recorded in the first quarter of 2022

Adjusted EBITDA1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

2Segment Adjusted EBITDA is a GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

AFFO1:

1This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

1Includes deployment of 30 large format digital billboards in the first quarter for a total of more than 1,700 digital billboard displays as of March 31, 2023.

2The decrease in Europe-South digital displays was largely driven by the sale of our business in Switzerland.

•CCIBV revenue increased 11.7% to $242.4 million from $217.1 million. Excluding movements in FX, CCIBV revenue increased 18.8%, driven by increased demand and, to a lesser extent, new contracts. Singapore represented less than 3% of CCIBV revenue for the three months ended March 31, 2023.

•CCIBV operating income was $65.7 million compared to operating loss of $47.6 million in the same period of 2022, with the change primarily driven by a $96.4 million gain on the sale of our business in Switzerland.

1Includes gross proceeds of $94.2 million from the sale of our business in Switzerland.

1Excludes depreciation and amortization.

2Other operating income, net, for the three months ended March 31, 2023 includes a gain of $96.4 million from the sale of our business in Switzerland.

1The term loans under the Term Loan Facility amortize in equal quarterly installments in an aggregate annual amount equal to 1.00% of the original principal amount of such term loans, with the balance being payable on August 23, 2026.

2As of March 31, 2023, we had $43.2 million of letters of credit outstanding and $131.8 million of excess availability under the Revolving Credit Facility.

3As of March 31, 2023, we had $43.1 million of letters of credit outstanding and $73.5 million of excess availability under the Receivables-Based Credit Facility.

4Other debt includes finance leases and a state-guaranteed loan of €30.0 million, or $32.5 million at current exchange rates.

5The current portion of total debt was $27.0 million and $25.2 million as of March 31, 2023 and December 31, 2022, respectively.

6Balance as of December 31, 2022 includes cash and cash equivalents of our business in Switzerland, which was held for sale at that time and was sold on March 31, 2023.

•Adjusted EBITDA is defined as consolidated net income (loss), plus: income tax expense (benefit); all non-operating expenses (income), including other expense (income) and interest expense, net; other operating expense (income), net; depreciation, amortization and impairment charges; share-based compensation expense included within corporate expenses; and restructuring and other costs included within operating expenses. Restructuring and other costs include costs associated with cost savings initiatives such as severance, consulting and termination costs and other special costs.

•As part of the calculation of Adjusted EBITDA, the Company also presents the non-GAAP financial measure of “Adjusted Corporate expenses,” which the Company defines as corporate expenses excluding share-based compensation expense and restructuring and other costs.

•The Company uses the National Association of Real Estate Investment Trusts (“Nareit”) definition of FFO, which is consolidated net income (loss) before: depreciation, amortization and impairment of real estate; gains or losses from the disposal of real estate; and adjustments to eliminate unconsolidated affiliates and noncontrolling interest. The Company defines AFFO as FFO before: maintenance capital expenditures; straight-line rent effects; depreciation, amortization and impairment of non-real estate; amortization of deferred financing costs and discounts; share-based compensation expense; deferred taxes; restructuring and other costs; transaction costs; foreign exchange transaction gain or loss; non-service related pension costs or benefits; and other items, including adjustment for unconsolidated affiliates and noncontrolling interest and nonrecurring infrequent or unusual gains or losses.

1Includes a gain of $96.4 million from the sale of our business in Switzerland.

Reconciliation of Consolidated Net Loss Guidance1 to Adjusted EBITDA Guidance1

1Guidance excludes movements in FX

Reconciliation of Consolidated Net Loss Guidance1 to FFO and AFFO Guidance1

1Guidance excludes movements in FX.

2Includes a gain of $96.4 million from the sale of our business in Switzerland.