Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q1 2024 Earnings Presentation
8 slides from Verizon Communications's earnings presentation, Apr 22, 2024
Slide 1: VlpHU09DSUQyMDE4UTQ
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Slide 2: Safe harbor statement
“Safe harbor” statement In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operat
Slide 3: Positioned for profitable growth throughout 2024
Positioned for profitable growth throughout 2024 Delivered on key metrics with strong Best first quarter for Consumer Added new members to our Wireless Service Revenue2, Adjusted postpaid phone net adds since leadership team, all focused on EBITDA1 growth, and solid Free Cash Flow1 2018, with contin
Slide 4: 1Q 2024 Operating Metrics
1Q 2024 Operating Metrics Consumer retail postpaid phone net adds (K) Business retail postpaid phone net adds (K) 318 2.4M (263) (136) (51) (158) Wireless retail postpaid phone gross adds (up 1.4% Y/Y) 1.7M Consumer wireless retail postpaid phone gross adds (up 5.3% Y/Y) Broadband net adds (K) Prepa
Slide 5: Consolidated 1Q 2024 Financial Summary
Consolidated Total revenue ($B) 1Q 2024 Financial 0.2% Y/Y Summary $33.0B Total revenue (up 0.2% Y/Y) Wireless equipment Service & other $12.1B Adjusted EBITDA1 Total Wireless service revenue2 ($B) (up 1.4% Y/Y) (Adjusted EBITDA margin of 36.6%)1 3.3% Y/Y $1.15 Adjusted EPS1 (down 4.2% Y/Y) 1 Non-GA
Slide 6: Consolidated Cash Flow Summary
Consolidated Cash Flow Summary ($ in billions) Q1 2023 Q1 2024 Cash flow from operations $8.3 $7.1 Capital expenditures $6.0 $4.4 Free cash flow1 $2.3 $2.7 Dividends paid $2.7 $2.8 Total debt $152.9 $151.7 Unsecured debt $132.0 $128.4 Cash and cash equivalents $2.2 $2.4 Net unsecured debt1 $129.8 $1
Slide 7: Strong momentum for months ahead
Strong momentum for months ahead Scaling FWA and Private Networks while growing our core mobility business. Applying our disciplined, targeted and segmented consumer strategy to prepaid. Enabling AI at scale while using it to improve our business and customer service. Continuing solid cash flow gene
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