At&t Inc. · NYSE:T
At&t — Q2 2021 Earnings Presentation
13 slides from At&t's earnings presentation, Jul 22, 2021
Slide 1: AT&T Investor Update 2nd Quarter Earnings
2021 2ND QUARTER EARNINGS AT&T Investor Update July 22, 2021 © 2021 AT&T Intellectual Property. AT&T, Globe logo, and DIRECTV are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners
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: Business Priorities
Business Priorities Grow Subscriber Effective and Efficient Deliberate Capital Relationships in Everything We Do Allocation Focus on Wireless, Fiber, and Drive transformation and Invest in growth, reduce debt, HBO Max improve customer experiences review portfolio of assets 3 July 22, 2021 / © 2021 A
Slide 4: Business Priorities – Progress since 2Q20
Business Priorities – Progress since 2Q20 Grow Subscriber Effective and Efficient Deliberate Capital Relationships in Everything We Do Allocation ✓ Grew postpaid phone net adds ✓ Significantly improved ✓ Invested $60B+ in 5G/wireless, by nearly 3 million customer satisfaction and fiber and premium c
Slide 5: 2Q21 Financial Results
2021 2ND QUARTER EARNINGS 2Q21 Financial Results 5 July 22, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary
Slide 6: 2Q21 Momentum Continued in Areas of Market Focus
2Q21 Momentum Continued in Areas of Market Focus Wireless Fiber HBO Max Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds HBO Max and HBO Subscribers millions thousands millions thousands millions 47.0 65.5 41.5 44.2 64.2 64.8 38.0 62.9 63.5 5.2 5.4 36.3 5.0 789 4.7 246 4.3 225 0.8
Slide 7: 2Q21 Financial Summary
2Q21 Financial Summary $ in billions, except EPS Solid revenue growth Adjusted EPS Revenues Cash from Ops $44.0 billion, up 7.6% Adj. OI Margin Free Cash Flow CAPEX Communications revenues up 6.1%, with growth in $0.89 $44.0 $12.1 Mobility and Consumer Wireline $0.83 $41.0 $10.9 WarnerMedia revenues
Slide 8: 2Q21 Communications Segment
2Q21 Communications Segment $ in billions Revenues EBITDA EBITDA Margin Mobility $18.9 Strong revenue, EBITDA and subscriber gains $17.1 Revenues up 10.4%; service revenues up 5.0% $7.8 $8.0 Record EBITDA and strong service margins 45.6% 42.4% Solid gross adds and tied record for lowest postpaid pho
Slide 9: 2Q21 WarnerMedia Segment
2Q21 WarnerMedia Segment $ in billions Revenues EBITDA EBITDA Margin Strong subscription growth and improved content and advertising revenues WarnerMedia WarnerMedia revenues up ~31% $8.8 $6.7 Advertising revenues up ~49% with return of sports Expect continued theatrical revenue improvement in secon
Slide 10: Updating 2021 Financial Guidance
Updating 2021 Financial Guidance Current 2021 Updated 2021 Consolidated Guidance* Consolidated Guidance* REVENUE GROWTH 1% range 2-3% range Wireless Service Rev Growth ~2% ~3% EPS – ADJUSTED †4 Stable with 2020 Low to mid single-digit growth GROSS CAPITAL INVESTMENT †2 $22B range $22B range Capital
Slide 11: Q&A
2021 12ST ND QUARTER QUARTER EARNINGS EARNINGS Q&A 11 July 22, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary
Slide 12: Notes
Notes 1. Domestic HBO Max and HBO subscribers consist of U.S. accounts with access to HBO Max (including wholesale subscribers that may not have signed in) and HBO accounts, and exclude free trials and Cinemax subscribers. Global HBO Max and HBO subscribers consist of domestic and international HBO
Slide 13: S AT&T
S AT&T