At&t Inc. · NYSE:T
At&t — Q1 2023 Earnings Presentation
11 slides from At&t's earnings presentation, Apr 20, 2023
Slide 1: AT&T Investor Update
AT&T Investor Update April 20, 2023 2023 1st QUARTER EARNINGS © 2023 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: 2023 Business Priorities
2023 Business Priorities 1 2 3 Grow durable 5G and Effective and efficient in Deliberate capital Fiber relationships everything we do allocation • Execute consistent and • Achieve $6B+ run-rate cost • Invest for long-term growth – 5G disciplined go-to-market savings target and fiber approach • Trans
Slide 4: Financial Results
1Q23 Financial Results © 2023 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
Postpaid Phone Subscribers Mobility Service Revenues Mobility EBITDA†1 millions $ in billions $ in billions 70.0 $15.5 67.5 $14.7 $8.4 $7.7 +5.2%* +4.8%* $54.00 $55.05 52.6% 54.1% 5G and 1Q22 1Q23 1Q22 1Q23 1Q22 1Q23 Postpaid phone subscribers EBITDA * YOY change EBITDA Service Margin †1 Postpaid ph
Slide 6: 1Q23 Financial Summary
1Q23 Financial Summary Continuing Operations, $ in billions, except EPS Revenues Adjusted EPS†2 Cash from Ops Revenue growth driven by subscriber and ARPU gains Adj. OI Margin†1 Free Cash Flow†3 • Revenues of $30.1B, up $0.4B $30.1 • Mobility service revenue growth of 5.2% $29.7 $7.6 $0.63 $0.60 $6.
Slide 7: Mobility Results
1Q23 Mobility Results Revenues EBITDA †1 EBITDA Margin †1 $ amounts in billions Mobility $20.6 Strong revenue and EBITDA†1 growth from high-quality subscriber and ARPU gains $20.1 • Wireless service revenues grew $759M, up 5.2% • EBITDA†1 of $8.4B, up 8.0% $7.7 $8.4 • Postpaid phone ARPU of $55.05,
Slide 8: Consumer and Business Wireline Results
1Q23 Consumer and Business Wireline Results Revenues EBITDA †1 EBITDA Margin †1 $ amounts in billions Consumer Wireline Revenue and EBITDA†1 growth driven by Fiber adoption, with Fiber revenues up ~31% $3.2 $3.2 • Broadband revenues grew 7.3% with fiber subscriber growth and mix shift to Fiber • Fib
Slide 9: Q&A
Q&A © 2022 2023 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. 9
Slide 10: Notes
Notes 1. EBITDA, EBITDA margin, EBITDA service margin, and adjusted operating income margin are non-GAAP financial measures that are frequently used by investors and credit rating agencies to provide relevant and useful information. Reconciliations of these non-GAAP financial measures to the most di
Slide 11: Sz AT&T
Sz AT&T