Slide 1: Q1 2025 Investor Conference Call
Q1 2025 Investor Conference Call May 9, 2025
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 2025 targets, our expectations regarding trends in the telecommunications industry (including de
Slide 3: Delivering on our consistent execution track record
Delivering on our consistent execution track record ● Unwavering commitment to operational excellence and cost efficiency ● Industry-leading customer growth and financial performance ● Customer service excellence contributing to strong customer loyalty ● Demonstrating momentum in differentiated data
Slide 4: Mobility operating results
Mobility operating results Q1 2025 Mobile phone ARPU $57.13 (3.7%) y/y Mobile phone churn 1.06% (7 bps) y/y Mobile phone net adds +20,000 (25,000) y/y Connected device net adds +148,000 +47,000 y/y Delivering high-quality and profitable customer growth leveraging our strong digital capabilities, cus
Slide 5: Fixed Operating Results
Fixed Operating Results Q1 2025 Internet net adds +21,000 (9,000) y/y TV net adds +27,000 +8,000 y/y Security and automation net adds +15,000 (7,000) y/y Residential voice net losses (13,000) (5,000) y/y Total fixed net adds +50,000 (13,000) y/y Superior product portfolio and leading PureFibre netwo
Slide 6: Connecting people through our globally unmatched networks
Connecting people through our globally unmatched networks ● PureFibre network connecting approximately 3.5 million premises and 5G connecting over 87% of Canadians ● Bridging digital and socio-economic divides by delivering world-leading connectivity to rural and Indigenous communities ● Reclaiming
Slide 7: Leading the world in social capitalism
Leading the world in social capitalism ● Celebrating our 25th brand anniversary and our legacy of putting our customers and communities first. For a quarter-century, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs, including 2.4 mi
Slide 8: Financial Results
Financial Results
Slide 9: TELUS technology solutions
TELUS technology solutions Q1 2025 Mobile network revenue $1.7 billion (1%) y/y Fixed data services revenue1 $1.2 billion +3% y/y Operating revenues $3.8 billion +2% y/y Adjusted EBITDA $1.6 billion +3% y/y 1 Excludes agriculture and consumer goods services. Delivering solid financial results suppor
Slide 10: TELUS health
TELUS health Q1 2025 External revenues $471 million +12% y/y Adjusted EBITDA $76 million +30% y/y Lives covered 76.5 million +4.8 million y/y Strong financial and operational results fueled by strategic investments, product enhancements, expanding sales channels, and effective cost management - unde
Slide 11: TELUS digital experience
TELUS digital experience Q1 2025 External revenues $709 million (2%) y/y Adjusted EBITDA $129 million (38%) y/y Adjusted EBITDA margin1 13.4% (9.0) pts y/y 1 This is a non-GAAP ratio that does not have any standardized meaning prescribed by IFRS Accounting Standards and is therefore unlikely to be c
Slide 12: Consolidated
Consolidated Q1 2025 Operating revenues $5.0 billion +3% y/y Net income $301 million n/m Adjusted Net income1 $388 million (1%) y/y Adjusted EBITDA2 $1.8 billion (1%) y/y Notations used in the tables above: n/m – not meaningful. 1 Adjusted Net income is a non-GAAP measure that does not have any stan
Slide 13: Reiterating 2025 financial targets
Reiterating 2025 financial targets TTech Operating revenues1 (including TELUS health reportable segment) Growth of 2 to 4% TTech Adjusted EBITDA2 (including TELUS health reportable segment) Growth of 3 to 5% Consolidated Free cash flow Approximately $2.15 billion Consolidated Capital expenditures3 A
Slide 14: 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 10.5 years ● Available liquidity1 of over $1.9 billion ● $2.75 billion syndicated credit facility expiring July 2028 ● Inaugural hybrid debt issuance of $1.6 bi
Slide 15: Balancing capital allocation priorities
Balancing capital allocation priorities ● Quarterly dividend declared of $0.4163 payable July 2, 2025, up 7% y/y ● Targeting 3 to 8% annual dividend growth from 2026 through 2028 ● Focused on balance sheet deleveraging to 3x net debt to EBITDA by 2027 ● Lowering DRIP discount from the current 2% by
Slide 16: Questions?
Questions? Investor relations 1-800-667-4871 telus.com/investors IR@telus.com
Slide 17: 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 18: Let's make the future friendly, together.
Let’s make the future friendly, together.