At&t Inc. · NYSE:T
At&t — Q1 2022 Earnings Presentation
13 slides from At&t's earnings presentation, Apr 21, 2022
Slide 1: AT&T Investor Update
AT&T Investor Update April 21, 2022 2022 1st 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
2022 Business Priorities 1 2 3 Grow Customer Effective and Efficient in Deliberate Capital Relationships Everything We Do Allocation ▪ 5G Wireless – Expand simplified ▪ Achieve $4B+ of $6B run-rate ▪ Increase investment in growth go-to-market strategy to cost savings target opportunities – 5G and Fi
Slide 4: 1Q22 Financial Results
1Q22 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: Consolidated Financial Summary
1Q22 Consolidated Financial Summary $ in billions, except EPS Revenues Adjusted EPS Cash from Ops Solid revenue growth on a comparable basis Revenues ex Video†1 Adj. OI Margin†2 Free Cash Flow†3 Video impact 1Q22 Reported revenues of $38.1B $0.85 $9.9 $43.9 $0.77 Excluding Video†1, revenues were up
Slide 6: Standalone AT&T Financial Summary
1Q22 Standalone AT&T* Financial Summary $ in billions, except EPS Revenues†6 Adjusted EPS†5 Cash from Ops†7 Solid revenue growth Revenues Adj. OI Margin†2,5 Free Cash Flow†7 1Q22 Standalone AT&T Revenues†6 of $29.7B, up 2.5% $9.4 Strong wireless and broadband revenue growth $7.7 $0.63 $0.58 $9.4 $29
Slide 7: 5G and Fiber Subscriber Gains
1Q22 Subscriber Gains Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds millions thousands millions thousands 67.3 67.5* 66.4 6.3 64.8 65.5 6.0 5G and 5.4 5.7 289 691 5.2 595 235 0.79% Fiber 0.76% ~35% ~37% 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 1Q22 Postp
Slide 8: Mobility Results
1Q22 Mobility Results $ in billions Revenues EBITDA †2 EBITDA Margin †2 Mobility Strong revenue and subscriber gains $19.0 $20.1 Revenues up 5.5%; wireless service revenues up ~$675M, or 4.8% Strong EBITDA and service margins $8.1 $7.9 1Q22 included ~$300 million impact related to 3G shutdown and ot
Slide 9: Consumer & Business Wireline Results
1Q22 Consumer & Business Wireline Results $ in billions Revenues EBITDA †2 EBITDA Margin †2 Consumer Wireline Fiber growth drives broadband revenue gains, with Fiber revenues up ~25% $3.1 $3.2 Broadband revenues grew 6.8% due to Fiber growth and higher ARPU $1.1 $1.1 289,000 Fiber net additions; abi
Slide 10: 2022 Capital Allocation Update
2022 Capital Allocation Update Capital Allocation Framework Invest for growth in 5G/Fiber – $24B in Capital Investment†4 in ‘22 and ‘23 WarnerMedia Transaction Update Reduce debt – Target net debt-to-adj.-EBITDA†8 of 2.5x range by end of ‘23 Closed on April 8, 2022 Provide attractive dividend – ~$8B
Slide 11: Q&A
Q&A 11
Slide 12: Notes
Notes 1. “Revenues excluding Video” reflects the removal of the U.S. Video business and Vrio results from all periods presented. 1Q21 is calculated as Operating Revenues of $43.9 billion minus Video operating revenues of $6.7 billion and Vrio operating revenues of $0.7 billion, plus WarnerMedia sale
Slide 13: AT&T
SS AT&T