Slide 1: Q1 2022 investor conference call
Q1 2022 investor conference call May 6, 2022
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements Today’s discussion may contain forward-looking statements, including statements relating to our objectives and strategies, our 2022 targets, outlook, updates, our plans and expectations regarding the impact of the COVID-19 pandemic and responses to it, an
Slide 3: Execution Excellence
Execution Excellence ● Industry-leading profitable customer growth and client loyalty ● Achieving strong operational and financial results ● Delivering superior offerings over our world-leading networks ● Continuing strong momentum from our diversified and potent asset mix ● Returning capital to sha
Slide 4: Mobile Operating Results
Mobile Operating Results Q1 2022 $56.45 0.81% +46,000 +46,000 Mobile phone Mobile Mobile phone Connected device ARPU phone churn net adds net adds +0.6% y/y Down 8 bps y/y +15,000 y/y (17,000) y/y Continued high-quality and profitable customer growth leveraged by our strong digital capabilities and
Slide 5: Fixed Operating Results
Fixed Operating Results Q1 2022 +30,000 +10,000 +26,000 +56,000 Internet TV Security Total fixed net adds net adds net adds net adds (3,000) y/y (1,000) y/y +9,000 y/y +5,000 y/y Our diversified and superior product portfolio driving higher product intensity and high quality customer growth 5
Slide 6: Accelerated Broadband Investment Program
Accelerated Broadband Investment Program ● Investing from a position of strength ● PureFibre network to 2.8 million premises ● Enabling 74% of Canadians over our 5G network Capex to decline to $2.5 billion in 2023, supporting significant cash flow expansion 6
Slide 7: Leading the World in Social Capitalism
Leading the World in Social Capitalism ● Enabled nearly $4 million in giving to support the humanitarian response to Ukraine through the TELUS Friendly Future Foundation, team members, customers, TELUS International and providing in-kind support ● Our Health for Good mobile health clinics, now servi
Slide 8: Health Services
Health Services Revolutionizing Access to Healthcare $140 million 21.9 million 3.3 million 139.6 million Services revenue Lives covered Virtual care Digital +14% y/y +4.4 million y/y members transactions +1.3 million y/y +6.3 million y/y Delivering strong revenue growth while continuing to scale our
Slide 9: Agriculture Services
Agriculture Services Digitally connecting the food value chain +37% revenue +1,600 team Serving customers in growth in Q1/22 members globally over 50 countries Empowering the Ag industry with digital technologies and data insights to create the best producer-to-consumer outcomes 9
Slide 10: Returning Capital to Shareholders
Returning Capital to Shareholders Extending our multi-year dividend growth program ● Targeting 7 to 10% annual growth for 2023 through 2025 ● Fourth extension since inception of dividend growth program in May 2011 ● Quarterly dividend increased by 7.1% YoY to $0.3386 payable July 4, 2022 ● Twenty-se
Slide 11: Financial Results
Financial Results
Slide 12: TELUS Technology solutions (TTech)
TELUS Technology solutions (TTech) Q1 2022 results $1,577 $1,057 $3,638 $1,435 million million million million Mobile network Fixed data External revenue Adjusted EBITDA revenue services revenue1 +4.3% +5.1% +4.9% +5.2% 1 Excludes health services and agriculture services revenues. Our consistent foc
Slide 13: Digitally-led customer experiences (DLCX)
Digitally-led customer experiences (DLCX) Q1 2022 results $644 million $173 million 22.7% External Adjusted Adjusted EBITDA revenue EBITDA margin1 +20.4% +25.3% +1.1 pts 1 This is an non-GAAP ratio that does not have any standardized meaning prescribed by IFRS-IASB and might not be comparable to sim
Slide 14: Consolidated
Consolidated Q1 2022 results $4,282 million $404 million $1,608 million Operating revenues Net Adjusted and other income income EBITDA1 +6.4% +21.3% +7.0% 1 This is a specified financial measure. For a quantitative reconciliation, see Section 11.1 of the 2022 Q1 MD&A available on SEDAR at www.sedar.
Slide 15: Strong liquidity position
Strong liquidity position Leading results driving our strong balance sheet and liquidity position ● Weighted average cost of long-term debt of 3.75% ● Average long-term debt term to maturity of 12.1 years ● Available liquidity1 of more than $2.6 billion ● $2.75 billion syndicated credit facility exp
Slide 16: Questions?
Questions? Investor relations 1-800-667-4871 telus.com/investors IR@telus.com
Slide 17: Appendix 1: Ad hoc disclosure items
Appendix 1: Ad hoc disclosure items ● Industry-leading 1.9 million net new customer additions since the beginning of 2020 including 1.3 million and 551,000 mobile and fixed customers respectively ● Revenue and adjusted EBITDA up 22% and 14% compared to Q1 2019 respectively ● Churn below 1% for blend
Slide 18: Appendix 2: Key definitions
Appendix 2: Key definitions Our presentation and answers include the following non-GAAP and other specified financial measures, which may not be comparable to similar measures presented by other issuers: ● DLCX Adjusted EBITDA margin is a non-GAAP ratio and Available liquidity is a non-GAAP financial me
Slide 19: Let's make the future friendly, together.
Let's make the future friendly, together.