Telus Corporation · TSX:T
Telus — Shareholder Meeting (2024)
50 slides from Telus's shareholder meeting presentation, 2024
Slide 1: People, purpose, passion
Slide 2: Welcome to the 2024 annual general meeting
Welcome to the 2024 annual general meeting
Slide 3: The Honourable John Manley, Chair of the Board
The Honourable John Manley Chair of the Board
Slide 4: Land acknowledgment
4) Season of the Salmon + Talook Ooza om. tlo, Ill, Nadleh Whuten
Slide 5: Message from our CEO
OOTELUS | About sox Investor relations Find all of the information you need here to make informed investment decisions, including the latest annual and quarterly financial reports, stock information, investor relations contacts and reasons to invest in TELUS. People, purpose, passion People People M
Slide 6: Keeping people connected
Keeping people connected
Slide 7: Achieving outstanding performance
Achieving outstanding performance
Slide 8: Leading the world in social capitalism
Leading the world in social capitalism
Slide 9: Slide 9
Slide 10: Darren Entwistle, President and CEO
Darren Entwistle President and CEO
Slide 11: Andrea Wood
Andrea Wood Executive Vice-president and Chief Legal & Governance Officer
Slide 12: Christopher Main
Christopher Main Associate General Counsel and Assistant Corporate Secretary
Slide 13: Jill Schnarr
Jill Schnarr Chief Communications & Brand Officer
Slide 14: Caution regarding forward-looking statements
Caution regarding forward-looking statements
Slide 15: Caution regarding forward-looking statements; use of non-GAAP measures
Caution regarding Use of non-GAAP and other forward-looking statements specified financial measures Today’s discussion will include statements relating to our financial targets and We have issued guidance on and report certain dividend growth program, our statements relating to our objectives and our s
Slide 16: Slide 16
Slide 17: Driving industry-leading 2023 results with purpose
Driving industry-leading 2023 results with purpose ● 1.3 million client additions – an all-time high ● 10th year of postpaid churn sub-1% ● Operating revenue ↑ 9.4% ● Adjusted EBITDA ↑ 7.6% ● Free cash flow up ↑ 38% ● Net income ↓ 50% ● Cash from operations ↓ 6.5%
Slide 18: Fuelling industry-leading first quarter results
Fuelling industry-leading first quarter results ● Record 209,000 customer additions ↑ 28% YoY ● Industry-leading customer loyalty ● Industry-leading Adjusted EBITDA growth of 4.3 per cent
Slide 19: Realizing returns that eclipse our global peers
Realizing returns that eclipse our global peers +766% TELUS +349% TSX +176% MSCI January 1, 2002 to January 16, 2024 showing % change for $100 invested initially and dividends reinvested. MSCI Global Telecom Index.
Slide 20: Delivering unmatched value for our investors
Delivering unmatched value for our investors ● $20 billion in dividends, representing $17 per share ● Announcing our 26th dividend increase since 2011 ● TELUS team members represent our fourth largest shareholder group
Slide 21: Giving more than any other company on the planet
Giving more than any other company on the planet ● Launched $50 million TELUS Student Bursary ● Record-breaking 80,000 TELUS Days of Giving volunteers in 2023 ● $1.7 billion, including 2.2 million volunteer days globally since 2000
Slide 22: Enabling vital connections with global-best networks
Enabling vital connections with global-best networks ● $73 billion invested nationally over the next 5 years ● $259 billion invested since 2000 ● Keeping people connected to what matters most
Slide 23: Thank you for bringing our purpose to life
Thank you for bringing our purpose to life
Slide 24: Slide 24
Slide 25: Today's agenda
Today’s agenda Business items ● Tabling of financial statements ● Voting ● 1. Election of directors ● 2. Appointment of auditors ● 3. Advisory vote on say on pay ● 4. DSU Plan share reserve increase Voting results Conclusion Question and answer session
Slide 26: Meeting procedures
Meeting procedures ● Quorum ● Declaration of mailing ● Appointment of scrutineers
Slide 27: Our director nominees
Our director nominees
Slide 28: Our director nominees
Our director nominees The Honourable John Manley Darren Entwistle Ray Chan Hazel Claxton Lisa de Wilde Victor Dodig Tom Flynn Mary Jo Haddad Vancouver, Vancouver, Toronto, Oakville, Toronto, Toronto, Niagara-on-the-Lake, Ottawa, British Columbia British Columbia Ontario Ontario Ontario Ontario Ontar
Slide 29: Slide 29
Slide 30: 2023 consolidated financial statements
2023 consolidated financial statements
Slide 31: Voting procedures
ea, “Voting procedures
Slide 32: Home and broadcast
Home and broadcast Broadcast Home
Slide 33: How to vote
How to vote -———. [_ Voting frvowe 1B Poll Open 41. Election of Directors 1. Election des administrateurs Raymond T. Chan inno /Sabetenr Hazel Claxton ware Sten nee Pegple ated, purpose = passion LOTELUS Harel clnton
Slide 34: Asking a question
Asking a question | Messaging People. purpose passion sat
Slide 35: Slide 35
Slide 36: Motion to nominate and elect directors
Motion to nominate and elect directors
Slide 37: Motion to nominate and elect directors
Motion to nominate and elect directors “I move that the 14 individuals nominated in the information circular be elected as directors of the Company, to hold office for the ensuing year.”
Slide 38: Motion to appoint auditors
Motion to appoint auditors
Slide 39: Motion to appoint auditors
Motion to appoint auditors “I move that Deloitte LLP be appointed as the auditors of the Company for the ensuing year at a remuneration to be fixed by the directors.”
Slide 40: Motion regarding say on pay
Motion regarding ~ say on pay
Slide 41: Motion regarding say on pay
Motion regarding say on pay “I move that the shareholders approve, on an advisory basis, the approach to executive compensation disclosed in the Company’s information circular delivered in advance of the 2024 annual general meeting of shareholders.”
Slide 42: Motion regarding the DSU Plan
Motion regarding the DSU Plan
Slide 43: Motion regarding the DSU Plan
Motion regarding the DSU Plan “I move that the resolution set out in the 2024 information circular regarding an increase to the share reserve to 3,400,000 shares under the DSU Plan be approved.”
Slide 44: Voting on four motions
Voting on four motions 1. Election of directors ● Ray Chan ● Tom Flynn ● David Mowat ● Hazel Claxton ● Mary Jo Haddad ● Marc Parent ● Lisa de Wilde ● Martha Hall Findlay ● Denise Pickett ● Victor Dodig ● Christine Magee ● Sean Willy ● Darren Entwistle ● John Manley 2. Appointment of auditors 3. Advi
Slide 45: Voting results
Voting results 1. Election of directors 2. Appointment of auditors 3. Advisory vote on say on pay 4. DSU Plan share reserve increase
Slide 46: Voting results
Voting results ● sedarplus.ca ● telus.com
Slide 47: Slide 47
Slide 48: Questions and answers
Questions and answers ● board@telus.com ● ir@telus.com
Slide 49: Thank you
Thank you
Slide 50: Slide 50