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Banc of America 35 th Annual Investment Conference

Banc of America 35 th Annual Investment Conference. September 19, 2005.

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Banc of America 35 th Annual Investment Conference

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  1. Banc of America 35th Annual Investment Conference September 19, 2005

  2. Any statements in this presentation that are not historical facts are forward-looking statements. The words “plan”, “believe”, “expect”, “anticipate”, “estimate” and other expressions that indicate future events and trends identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. Factors that could have a material and adverse impact on actual results are described in the reports and documents Mediacom files from time to time with the Securities and Exchange Commission. Mediacom undertakes no obligation to publicly release the results of any revisions to these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events. This presentation may include the financial measures “operating income before depreciation and amortization,” “unlevered free cash flow” and “free cash flow”, which are not determined in accordance with generally accepted accounting principles (GAAP) in the United States. The Company defines unlevered free cash flow as operating income before depreciation and amortization less capital expenditures, and free cash flow as operating income before depreciation and amortization less interest expense, net and capital expenditures. Any applicable reconciliation of historical non-GAAP financial measures included in this presentation to the most directly comparable GAAP financial measures is available at the Press Releases link in the Investor Relations section of the Company’s website at www.mediacomcc.com. Caution Concerning Forward Looking Statements and Non-GAAP Financial Measures

  3. Key Objectives • Strengthen competitive video position • Grow unit revenue and penetration • Develop compelling new products and services • Maintain flexibility in our capital structure

  4. Improving competitive video position Widespread roll-out of VOD, SVOD, HDTV and DVRs Leveraging off network capabilities Growing ARPU and expanding RGU penetration Launching telephone service Video/data/voice triple play Maintaining substantial liquidity position to underpin flexible capital structure Our Position Today

  5. Robust Video Platform Product Availability Product Differentiation

  6. Digital Turnaround For Q2 2005, digital penetration is up 6.5% from prior year period and digital sell-in is over 70% higher.

  7. Mediacom On-Demand Orders per Month Usage Rates • Over 1,200 hours of content • Value-based packaging • Driving digital sales • Lowering digital churn • Generating higher transactional revenues Hours Movies On Demand 600 SVOD 550 Free 90 1,796,000 1,016,000

  8. Regaining the Competitive Advantage… • No equipment to purchase • No contract • Low entry price ($15.45/month or $7.45/month incremental to digital)

  9. …with Superior Products and Services • Low entry price ($10.50/month or $2.50/month incremental to digital) • Local broadcast channels • Up to 16 HD channels

  10. Strengthening High-Speed Data Product • Higher maximum download speeds: 5 Mbps • Launching premier 10 Mbps residential product • Premium content • Wireless home network

  11. ARPU Growth

  12. ARPU Growth Despite Competition Video ARPU $40.23 $43.17 $45.90 $47.40 $49.52 Total ARPU $44.54 $50.10 $55.75 $60.56 $63.60

  13. Mediacom Telephony Rollout Aug 2004 June 2005 Aug 2005 Dec 2005 June 2006 Partnership with Sprint First market launch 1 million homes are network ready 1.5 million homes arenetworkready 2.5 millionhomes arenetworkready

  14. Flexible Capital Structure $ in millions Mediacom Communications Corporation Convertible Notes $173 Total Debt $3,027 Total Debt/OCF 7.2x Total Debt (excl cnvt)/OCF 6.7x Mediacom Broadband LLC Senior Notes $600 Total Debt/OCF 6.0x Mediacom LLC Senior Notes $625 Total Debt/OCF1 7.0x Mediacom LLCSubsidiaries Senior Debt2 $854 Unused Credit Commitments $294 Senior Debt/SCF 3.9x Mediacom Broadband LLCSubsidiaries Senior Debt2 $791Unused Credit Commitments $545 Senior Debt/SCF 3.3x Notes: Based on 2Q 2005 data; OCF is 2Q annualized. Pro forma for issuance of $200 million of 8.5% Notes due 2015 at Mediacom Broadband LLC in August 2005. 1 OCF and SCF for Mediacom LLC includes cash investment income. 2 Includes letters of credit and capital lease obligations (net of carve-outs) for bank covenant purposes. 14

  15. MCCC Scheduled Debt Maturities Q3 2004 $1,411.0 Fixed - Floating: 73% - 27% $456.3 $284.5 $220.5 $200.0 $124.0 $90.5 $84.5 $70.5 $64.5 $20.3 $ in millions Note: Assumes no repayment of revolver outstanding until required by commitment reduction schedule. Pro forma for August 2005 issuance of 8.5% Notes at Mediacom Broadband LLC.

  16. Credit Availability • Solid track record of preserving liquidity and maintaining ample borrowing availability 16 $ in millions *Pro forma for issuance of $200 million of 8.5% Notes due 2015 at Mediacom Broadband LLC in August 2005.

  17. Single Platform of Broadband Products

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