Financial highlights for the second 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.

1Revenue from our former businesses in Switzerland and Italy was, in the aggregate, $10.0 million and $38.2 million during the three months ended June 30, 2023 and 2022, respectively, and $40.0 million and $61.5 million during the six months ended June 30, 2023 and 2022, respectively.

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

America: Revenue up 0.9%:

•Higher revenue in most markets partially offset by impact of weakness in San Francisco/Bay Area market

•Digital revenue up 2.4% to $98.4 million from $96.0 million

•National sales comprised 35.0% of America revenue, compared to 35.9% in the prior year

Airports: Revenue up 16.3%:

•Driven by increased demand due to recovery of air travel after COVID-19 and timing of campaign spending

•Digital revenue up 22.5% to $42.1 million from $34.4 million

•National sales comprised 59.7% of Airports revenue, compared to 52.7% in the prior year

Europe-North: Revenue up 2.9%; excluding movements in FX, up 4.5%:

•Driven primarily by higher street furniture revenue

•Higher revenue in most countries, most notably Belgium, the U.K. and Denmark; partially offset by lower revenue in Sweden and Norway

•Digital revenue up 5.0% to $79.5 million from $75.7 million; digital revenue, excluding movements in FX, up 6.2% to $80.5 million

Europe-South: Revenue down 18.8%; excluding movements in FX, down 20.6%:

•Sales of former businesses in Switzerland and Italy resulted in an FX-adjusted decrease of $28.4 million

•Higher revenue from Spain related to continued recovery from COVID-19, partially offset by lower revenue from France due to weaker demand as a result of civil unrest and protests, as well as billboard takedowns

Other: Revenue up 9.3%; excluding movements in FX, up 3.8%:

•Higher advertising revenue offset 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).

2Direct operating and SG&A expenses from our former businesses in Switzerland and Italy were, in the aggregate, $9.8 million and $31.1 million during the three months ended June 30, 2023 and 2022, respectively, and $41.4 million and $59.3 million during the six months ended June 30, 2023 and 2022, respectively.

3Includes restructuring and other costs of $0.5 million and $1.2 million during the three months ended June 30, 2023 and 2022, respectively, and $1.0 million and $1.7 million during the six months ended June 30, 2023 and 2022, respectively.

4This is a non-GAAP financial measure. See “Supplemental Disclosures” section herein for more information.

America: Direct operating and SG&A expenses up 4.4%:

•Site lease expense up 6.8% to $85.5 million from $80.1 million driven by lease renewals and amendments, as well as lower rent abatements

Airports: Direct operating and SG&A expenses up 18.1%:

•Site lease expense up 24.7% to $42.8 million from $34.3 million driven by lower rent abatements and higher revenue

Europe-North: Direct operating and SG&A expenses up 5.1%; excluding movements in FX, up 6.9%:

•Higher rental costs related to additional digital displays

•Higher labor costs and electricity prices

•Site lease expense up 0.9% to $58.3 million from $57.8 million; site lease expense, excluding movements in FX, up 3.4% to $59.8 million driven by higher revenue and new contracts

Europe-South: Direct operating and SG&A expenses down 9.7%; excluding movements in FX, down 11.7%:

•Sales of former businesses in Switzerland and Italy resulted in an FX-adjusted decrease of $21.4 million

•Direct operating and SG&A expenses up in France and Spain driven by higher site lease expense mainly related to new contracts

Other: Direct operating and SG&A expenses up 1.2%; excluding movements in FX, down 2.9%:

•Lower expenses related to termination of public bicycle rental program

1Includes restructuring and other costs of $19.7 million and $1.5 million during the three months ended June 30, 2023 and 2022, respectively, and $19.6 million and $10.5 million during the six months ended June 30, 2023 and 2022, respectively.

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

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.

1As of June 30, 2023, our America segment had presence in 27 U.S. markets.

2Billboards includes bulletins, posters, spectaculars and wallscapes.

3Other displays includes street furniture and transit displays.

4As of June 30, 2023, our Airports segment had displays across nearly 200 commercial and private airports in the U.S. and the Caribbean. The decrease in Airports digital displays during the second quarter was largely due to the replacement of multi-face video walls with single video walls in certain national airports.

5The decrease in Europe-South digital displays during the second quarter was driven by the sale of our former business in Italy.

•CCIBV revenue decreased 6.8% to $261.3 million from $280.3 million. Excluding the $0.1 million impact of movements in FX, CCIBV revenue decreased 6.9% driven by the sales of our former businesses in Switzerland and Italy, which resulted in an FX-adjusted decrease of $28.4 million. This was partially offset by higher revenue from many of our remaining European businesses, as described in the above “Results” section of this Earnings Release. Singapore represented less than 2% of CCIBV revenue for the three months ended June 30, 2023.

•CCIBV operating income was $12.7 million compared to $15.6 million in the same period of 2022.

1Includes $94.4 million of proceeds, net of customary closing adjustments and cash sold, from the sales of our former businesses in Switzerland and Italy.

1Excludes depreciation and amortization.

2Other operating income, net, includes a gain of $11.2 million from sale of our former business in Italy during the three and six months ended June 30, 2023 and a gain of $96.4 million from the sale of our former business in Switzerland during the six months ended June 30, 2023.

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.

2In June 2023, the Senior Secured Credit Agreement was amended, extending the maturity date of the Revolving Credit Facility to August 2026 and reducing the aggregate revolving credit commitments of the Revolving Credit Facility to $150.0 million. The full $150.0 million will be available through August 23, 2024, and $115.8 million will be available through August 23, 2026. As of June 30, 2023, we had $43.2 million of letters of credit outstanding and $106.8 million of excess availability under the Revolving Credit Facility.

3In June 2023, the Receivables-Based Credit Agreement was amended, extending its maturity to August 2026 and increasing its aggregate revolving credit commitments to $175.0 million. (The borrowing limit of the Receivables-Based Credit Facility is equal to the lesser of $175.0 million and the borrowing base, which is calculated based on our accounts receivable balance each period in accordance with our Receivables-Based Credit Agreement.) As of June 30, 2023, we had $43.1 million of letters of credit outstanding and $116.2 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 approximately $32.7 million at current exchange rates.

5The current portion of total debt was $29.1 million and $25.2 million as of June 30, 2023 and December 31, 2022, respectively.

6Includes cash and cash equivalents held for sale as of the respective balance sheet date, including cash and cash equivalents of our business in Spain at June 30, 2023 and cash and cash equivalents of our former business in Switzerland at December 31, 2022.

•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 disposition 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.

1Net gain on disposition of real estate includes a gain of $11.2 million from sale of our former business in Italy during the three and six months ended June 30, 2023 and a gain of $96.4 million from the sale of our former business in Switzerland during the six months ended June 30, 2023.

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 gains of $96.4 million and $11.2 million from the sales of our former businesses in Switzerland and Italy, respectively.