Slide 1: AT&T Investor Update
AT&T Investor Update July 21, 2022 2022 2nd QUARTER EARNINGS © 2022 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.
Slide 2: Cautionary Language Concerning Forward-looking Statements
Cautionary Language Concerning Forward-looking Statements Information set forth in this presentation contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect futu
Slide 3: 2022 Business Priorities - Update
2022 Business Priorities - Update 1 2 3 Grow Customer Effective and Efficient in Deliberate Capital Relationships Everything We Do Allocation ▪ 5G Wireless – 800K+ postpaid ▪ On track to achieve $4B+ of $6B ▪ Invest in growth – on track with phone net adds in 2Q22 run-rate cost savings target 5G spe
Slide 4: Financial Results
2Q22 Financial Results © 2022 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. 4
Slide 5: 5G and Fiber Subscriber Gains
2Q22 Subscriber Gains Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds millions thousands millions thousands 68.3 67.3 67.5* 6.6 66.4 6.3 65.5 6.0 5.7 5G and 789 813 5.4 316 246 0.75% 0.69% ~36% ~37% Fiber 2Q21 3Q21 4Q21 1Q22 2Q22 2Q21 2Q22 2Q21 2Q22 2Q21 3Q21 4Q21 1Q22 2Q22 Postp
Slide 6: 2Q22 Financial Summary
2Q22 Financial Summary Continuing Operations, $ in billions, except EPS Revenues Adjusted EPS†5 Cash from Ops Solid revenue growth on a comparable basis Standalone AT&T* Standalone AT&T* Free Cash Flow†3 U.S. Video and other U.S. Video and other 2Q22 standalone AT&T* revenues of $29.6B Comparable Ad
Slide 7: Mobility Results
2Q22 Mobility Results $ in billions Revenues EBITDA †2 EBITDA Margin †2 Mobility Strong revenue gains with subscriber and ARPU growth $18.9 $19.9 Revenues up 5.2%; wireless service revenues up ~$660M, or 4.6% Postpaid phone ARPU of $54.81, up 1.1% year over year and $0.81 sequentially $8.0 $8.2 Cont
Slide 8: Consumer & Business Wireline Results
2Q22 Consumer & Business Wireline Results $ in billions Revenues EBITDA †2 EBITDA Margin †2 Consumer Wireline Fiber growth drives broadband revenue gains, with fiber revenues up ~28% $3.1 $3.2 Broadband revenues grew 5.6% due to Fiber growth and higher ARPU $1.1 $1.1 2Q22 Fiber ARPU of $61.65 with g
Slide 9: 2022 Financial Outlook – Update
2022 Financial Outlook – Update Standalone AT&T* Previous Guidance Updated Guidance Total Revenue Low single digit growth No change Wireless Service Revenue 3%+ growth 4.5% - 5.0% growth Broadband Revenue 6%+ growth No change Adjusted EBITDA* $41 - $42 billion No change Adjusted EPS* $2.42 - $2.46 N
Slide 10: Q&A
Q&A 10
Slide 11: Notes
Notes 1. “Standalone AT&T” results reflect the historical operating results of the company presented as continuing operations, and also excludes U.S. Video and other 2021 dispositions included in Corporate and Other. Standalone AT&T results are presented to provide 2Q21 results that are comparable t
Slide 12: SS AT&T
SS AT&T