Slide 1: Q2 2022 investor conference call
Q2 2022 investor conference call August 5, 2022
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 strategies, our 2022 targets, outlook, updates, our plans and expectations regarding the impact of the COVID-19 pandemic and responses to it, an
Slide 3: Execution Excellence
Execution Excellence ● Industry-leading customer growth and client loyalty ● Achieving strong operational and financial results ● Delivering superior offerings over our world-leading networks ● Continuing strong momentum from our diversified and powerful asset mix ● Returning capital to shareholders
Slide 4: Mobile Operating Results
Mobile Operating Results Q2 2022 $57.74 0.81% +93,000 +92,000 Mobile phone Mobile phone Mobile phone Connected device ARPU churn net adds net adds +2.1% y/y unchanged +4,000 y/y +8,000 y/y Continued high-quality and profitable customer growth leveraged by our strong digital capabilities and ability
Slide 5: Fixed Operating Results
Fixed Operating Results Q2 2022 +34,000 +15,000 +20,000 +62,000 Internet TV Security Total fixed net adds net adds net adds net adds +4,000 y/y +4,000 y/y +1,000 y/y +12,000 y/y Our diversified and superior product portfolio driving higher product intensity and high quality customer growth 5
Slide 6: Accelerated Broadband Investment Program
Accelerated Broadband Investment Program ● Investing from a position of strength ● PureFibre network to more than 2.8 million premises ● Enabling 78% of Canadians over our 5G network ● Targeting 2022 consolidated capex of approximately $3.4 billion Capex to decline to $2.5 billion in 2023, supportin
Slide 7: Health Services
Health Services Revolutionizing Access to Healthcare $137 million 22.4 million 3.6 million 145.4 million Services revenue Lives covered Virtual care Digital transactions +7.9% y/y +4.3 million y/y members +8.3 million y/y +1.4 million y/y Delivering robust revenue growth while continuing to scale ou
Slide 8: Agriculture & Consumer Goods Services
Agriculture & Consumer Goods Services Digitally connecting the food value chain +40% revenue +1,600 team Serving customers in growth in Q2/22 members globally over 50 countries Empowering the agriculture and consumer goods industry with digital technologies and data insights to create the best produ
Slide 9: Returning Capital to Shareholders
Returning Capital to Shareholders ● Targeting 7 to 10% annual dividend growth for 2023 through 2025 ● Quarterly dividend declared of $0.3386 payable October 3, 2022, up 7.1% YoY ● 22 dividend increases since dividend growth program initiated in May 2011 ● Returning $22 billion to shareholders since
Slide 10: Leading the World in Social Capitalism
Leading the World in Social Capitalism ● Driven by the passion and generosity of our TELUS team, we hosted the 17th annual TELUS Days of Giving across 20 countries. Overall, more than 65,000 team members, retirees, family and friends volunteered across the globe and we are well on our way to contrib
Slide 11: Financial Results
Financial Results
Slide 12: TELUS Technology solutions (TTech)
TELUS Technology solutions (TTech) Q2 2022 results $1,623 $1,079 $3,729 $1,436 million million million million Mobile network Fixed data External Adjusted revenue services revenue1 revenue EBITDA +6.4% +4.5% +4.7% +6.1% 1 Excludes health services as well as agriculture & consumer goods services reve
Slide 13: Digitally-led customer experiences (DLCX)
Digitally-led customer experiences (DLCX) Q2 2022 results $672 million $186 million 23.4% External Adjusted Adjusted EBITDA revenue EBITDA margin1 +22.2% +35.6% +2.5 pts 1 This is an non-GAAP ratio that does not have any standardized meaning prescribed by IFRS-IASB and might not be comparable to sim
Slide 14: Consolidated
Consolidated Q2 2022 results $4,401 million $498 million $1,622 million Operating revenues Net Adjusted and other income income EBITDA1 +7.1% +44.8% +8.9% 1 This is a specified financial measure. For a quantitative reconciliation, see Section 11.1 of the 2022 Q2 MD&A available on SEDAR at www.sedar.
Slide 15: Strong liquidity position
Strong liquidity position Leading results driving our strong balance sheet and liquidity position ● Weighted average cost of long-term debt of 3.72% ● Average long-term debt term to maturity of 12 years ● Available liquidity1 of more than $1.5 billion ● $2.75 billion syndicated credit facility expir
Slide 16: Questions?
Questions? Investor relations 1-800-667-4871 telus.com/investors IR@telus.com
Slide 17: Appendix 1: Ad hoc disclosure items
Appendix 1: Ad hoc disclosure items ● Consolidated operating revenues and other income up 7.1%. ● Consolidated operating revenues and other income excluding mobile equipment revenue up 9.2%. ● Mobile network revenue up 6.6% versus pre-pandemic period of Q2-2019; strong sequential mobile network reve
Slide 18: Appendix 2: Key definitions
Appendix 2: 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: ● DLCX Adjusted EBITDA margin is a non-GAAP ratio and Available liquidity is a non-GAAP financial me
Slide 19: Let's make the future friendly, together.
Let's make the future friendly, together.