Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q2 2023 Earnings Presentation
8 slides from Verizon Communications's earnings presentation, Jul 25, 2023
Slide 1: 2Q 2023 Earnings
20) 2023 EARMNGS.
Slide 2: "Safe Harbor" Statement
“Safe Harbor” Statement NOTE: In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of
Slide 3: Delivered another solid quarter
Delivered another solid quarter Improved Y/Y in both Secured large private sector Delivered more than 400K Most awarded for wireless Consumer postpaid phone and enterprise network broadband net adds for network quality by J.D. gross and net adds transformation deals three consecutive quarters Power
Slide 4: 2Q 2023 Operating Metrics
2Q 2023 Operating Metrics Consumer Wireless Business Wireless retail postpaid phone net adds (K) retail postpaid phone net adds (K) 2.3M (215) (189) 41 (263) (136) 227 197 176 Wireless retail postpaid phone gross adds 136 144 (up 2.0% Y/Y) 1.6M 2Q 22 3Q 22 4Q 22 1Q 23 2Q 23 2Q 22 3Q 22 4Q 22 1Q 23 2
Slide 5: Consolidated 2Q 2023 Financial Summary
Consolidated Total revenue ($B) 2Q 2023 (3.5%) Y/Y Financial $33.8 $34.2 $35.3 $32.9 $32.6 Summary $27.1 $27.7 $27.6 $27.2 $27.3 $32.6B Total revenue (down 3.5% Y/Y) 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2023 Wireless equipment Service & other $12.0B Total Wireless service revenue** ($B) Adjusted EBITD
Slide 6: Consolidated Cash Flow Summary
Consolidated Cash Flow Summary ($ in billions) 1H 2022 1H 2023 Cash flow from operations $17.7 $18.0 Capital expenditures $10.5 $10.1 Free cash flow* $7.2 $8.0 Dividends paid $5.4 $5.5 Total debt $149.1 $152.7 Unsecured debt $132.5 $131.4 Cash and cash equivalents $1.9 $4.8 Net unsecured debt* $130.
Slide 7: Confident going into 3Q
Confident going into 3Q Segmented and disciplined approach to market is working in wireless Combination of Fixed Wireless Access and Fios is winning Network leadership position is only getting stronger with additional C-Band Team is laser-focused on delivering on our financial commitments © 2023 Ver
Slide 8: Slide 8
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