Slide 1: Q3 2024 investor conference call
Q3 2024 investor conference call November 8, 2024
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 our strategies to achieve those objectives, our 2024 targets, our expectations regarding trends in the telecommunications industry (including de
Slide 3: Delivering on our track record of execution excellence
Delivering on our track record of execution excellence ● Executing against our differentiated global growth strategy ● Achieving industry-leading customer additions and strong profitability ● Delivering exceptional customer experiences over our world-leading networks ● Progressing our transformation
Slide 4: Mobility operating results
Mobility operating results Q3 2024 Mobile phone ARPU $58.85 (3.4%) y/y Mobile phone churn 1.09% +6 bps y/y Mobile phone net adds 130,000 (30,000) y/y Connected device net adds 159,000 (20,000) y/y Delivering high-quality and profitable customer growth leveraging our strong digital capabilities, cust
Slide 5: Fixed operating results
Fixed operating Operating results Results Q1 2024 Q3 Internet net adds 34,000 (3,000) y/y TV net adds 21,000 +1,000 y/y Security net adds 12,000 (6,000) y/y Residential voice net adds (9,000) (1,000) y/y Total fixed net adds 58,000 (9,000) y/y Superior product portfolio and leading PureFibre network
Slide 6: Connecting people through our globally unmatched networks
Connecting people through our globally unmatched networks ● Fibre network connecting more than 3.3 million premises and 5G connecting approximately 87% of Canadians ● Bridging digital and socio-economic divides by delivering world-leading connectivity to rural and Indigenous communities ● Reclaiming
Slide 7: TELUS Health
TELUS Health Revolutionizing health and wellbeing Health services revenue $439 million +4.0% y/y Lives covered 76.0 million +6.4 million y/y Virtual care members 6.5 million +1.0 million y/y Digital health transactions 161.5 million +10.9 million y/y Higher revenue alongside EBITDA contribution grow
Slide 8: TELUS Agriculture & Consumer Goods
TELUS Agriculture & Consumer Goods Driving efficiency through passion and technology Agriculture and consumer goods services revenue $100 million ` Team members globally 1,700+ Customers 5,400+ Accelerating our product development to drive further differentiation and accelerate our journey to transf
Slide 9: Returning capital to shareholders
Returning capital to shareholders ● Targeting 7 to 10% annual dividend growth from 2023 through 2025 ● Quarterly dividend declared of $0.4023 payable January 2, 2025, up 7.0% y/y ● 27 dividend increases since dividend growth program initiated in May 2011 ● Returning more than $26 billion to sharehol
Slide 10: Leading the world in social capitalism
Leading the world in social capitalism ● Marking the first anniversary of the TELUS Student Bursary, TELUS Friendly Future Foundation (Foundation) has awarded $2.2 million in bursaries, this academic year, to more than 500 post-secondary students in need of financial aid who are committed to making
Slide 11: Financial Results
Financial Results
Slide 12: TELUS technology solutions (TTech)
TELUS technology solutions (TTech) Q3 2024 Mobile network revenue $1.8 billion +0.7% y/y Fixed data services revenue1 $1.2 billion +1.9% y/y Operating revenues $4.4 billion +1.9% y/y Adjusted EBITDA $1.7 billion +5.6% y/y 1 Excludes health services and agriculture and consumer goods services. Delive
Slide 13: TELUS digital experience
TELUS digital experience Q3 2024 External revenues $678 million (4.0%) y/y Adjusted EBITDA $131 million (30.3%) y/y Adjusted EBITDA margin1 14.5% (6.5) pts y/y 1 This is a non-GAAP ratio that does not have any standardized meaning prescribed by IFRS-IASB and might not be comparable to similar measur
Slide 14: Consolidated
Consolidated Q3 2024 Operating revenues $5.1 billion +1.8% y/y Net income $257 million +88% y/y Adjusted Net income1 $413 million +11% y/y Free cash flow2 $561 million +58% y/y 1 Adjusted Net income is a non-GAAP measures that do not have any standardized meaning prescribed by IFRS-IASB and is there
Slide 15: 2024 financial targets
2024 financial targets TTech Operating revenues (1) Growth of 2 to 4% (slightly below the lower end of range) TTech Adjusted EBITDA Growth of 5.5 to 7.5% (lower end of range) Consolidated Free cash flow Approximately $2.1 billion Consolidated Capital expenditures(2) Approximately $2.6 billion 1 For
Slide 16: Strong balance sheet and liquidity position
Strong balance sheet and liquidity position ● Weighted average cost of long-term debt of 4.40% ● Average long-term debt term to maturity of 10.6 years ● Available liquidity1 of approximately $3.2 billion ● $2.75 billion syndicated credit facility expiring July 2028 1 This is a non-GAAP financial mea
Slide 17: Questions?
Questions? Investor relations 1-800-667-4871 telus.com/investors IR@telus.com
Slide 18: Appendix: Key definitions
Appendix 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: ● TELUS Digital Adjusted EBITDA margin is a non-GAAP ratio. Adjusted Net income and Available liqui
Slide 19: Let’s make the future friendly, together.
Let’s make the future friendly, together. 19