Slide 1: Investor Factbook Q3 2022
EXHIBIT 99.2 IY INVESTOR © ss fw FACTBOOK 03 2022
Slide 2: Contents
2 3 Highlights 4 Customer Metrics 7 Financial Metrics 13 Capital Structure 14 5G Network Leadership 15 Merger & Integration 16 Guidance 17 Contacts 18 Financial and Operational Tables
Slide 3: T-Mobile Delivers Industry-Leading Customer and Cash Flow Growth in Q3 2022
3 T-Mobile Delivers Industry-Leading Customer and Cash Flow Growth in Q3 2022 and Raises 2022 Guidance for the Third Consecutive Quarter “We’ve always said our aspiration was to be the first and only provider to offer customers both the best network and the best value without having to sacrifice one
Slide 4: Postpaid Accounts and ARPA
4 Postpaid Accounts Year-Over-Year (in thousands) Postpaid net account additions increased primarily due 26,901 27,216 27,507 27,818 28,212 to: ■ The company’s differentiated growth strategy in new and under-penetrated markets, including continued growth in 380 394 High Speed Internet 315 348 268 Se
Slide 5: Postpaid Customers
5 Postpaid Customers Year-Over-Year (in thousands) Postpaid phone net customer additions increased 88,423 88,787 90,414 primarily due to: 85,913 87,663 ■ Higher gross additions primarily driven by growth in new 1,750 customer account relationships 1,656 1,627 ■ Lower churn 1,259 1,318 906 933 773 58
Slide 6: Prepaid and High Speed Internet Customers
6 Prepaid Customers Year-Over-Year (in thousands) Prepaid net customer additions increased primarily due 21,341 to: 21,007 21,056 21,118 21,236 ■ Growth in High Speed Internet 146 105 Sequential 66 62 Prepaid net customer additions decreased primarily due 49 to: ■ Seasonally higher churn ■ Partially
Slide 7: Service Revenues
7 Service Revenues Year-Over-Year ($ in millions) Service revenues increased 4% primarily due to: ■ Increase in Postpaid service revenues $15,316 $15,361 ■ Partially offset by a decrease in Wholesale and other $15,128 $14,963 service revenues $14,722 Sequential Service revenues increased slightly pr
Slide 8: Equipment Revenues
8 Equipment Revenues Year-Over-Year ($ in millions) Equipment revenues decreased 17% primarily due to: ■ Lower lease revenues $5,506 ■ A lower number of devices sold due to fewer prepaid and $623 $4,694 postpaid upgrades $4,660 $4,883 $487 $4,130 ■ Lower customer purchases of leased devices included
Slide 9: Cost of Services, exclusive of D&A
9 Cost of Services, exclusive of D&A Year-Over-Year ($ in millions, % of Service revenues) Cost of services, exclusive of D&A, increased 5% $4,060 primarily due to: $3,538 $3,727 $3,712 ■ Higher Merger-related costs related to network $3,521 decommissioning and integration ■ Higher site costs relate
Slide 10: Net Income (Loss)
10 Net Income (Loss) Year-Over-Year ($ in millions, % of Service revenues) Net income was $508 million and Diluted earnings per share was $0.40 in Q3 2022, compared to Net income of $691 million and Diluted earnings per share of $0.55 in Q3 2021, primarily due to the factors described above and incl
Slide 11: Core Adjusted EBITDA
11 Core Adjusted EBITDA* Year-Over-Year ($ in millions, % of Service revenues) Core Adjusted EBITDA increased 11% primarily due to: ■ Higher Service revenues $6,618 $6,728 ■ Lower Cost of services, excluding Merger-related costs $6,463 $6,041 ■ Lower Cost of equipment sales, excluding Merger- $5,679
Slide 12: Cash Purchases of Property and Equipment; Free Cash Flow
12 Cash Purchases of Property and Year-Over-Year Equipment ($ in millions, % of Service revenues) Cash purchases of property and equipment, including capitalized interest, increased 23% primarily due to: $3,572 $3,634 ■ Accelerated nationwide 5G network build-out $3,381 $2,944 $2,929 Sequential Cash
Slide 13: Net Debt and Net Debt to LTM Core Adj. EBITDA Ratio
13 Total debt, excluding tower obligations, at the end of Q3 Net Debt (Excluding Tower 2022 was $76.6 billion. Obligations) & Net Debt to LTM Core Net debt, excluding tower obligations, at the end of Q3 Adj. EBITDA Ratio 2022 was $69.7 billion. ($ in billions) ■ The ratio of net debt, excluding towe
Slide 14: 5G Network Leadership
5G Network Leadership 5G Network Delivers Differentiated Customer Experience and Drives Overall Network Leadership 5G Geographic Coverage S I tes Combined LTE + 5G Macro Cell Sites | 4GLTE Small cell/distributed antenna systems sites Delivering more 5G geographic coverage than Verizon and AT&T combi
Slide 15: Raising Merger Synergies Guidance; Merger-Related Costs
15 Based on the continued strength of execution, T-Mobile is raising its merger synergies guidance range to $5.7 billion to $5.8 billion in 2022. The company expects full-year 2022 Merger synergies to be $5.7 billion to $5.8 billion: ▪ Approximately $2.4 billion of SG&A expense reductions. ▪ Approxi
Slide 16: 2022 Outlook
16 2022 Outlook Metric Previous Revised Change at Midpoint Postpaid net customer additions 6.0 to 6.3 million 6.2 to 6.4 million 150 thousand Net income (1) N/A N/A N/A Core Adjusted EBITDA (2) $26.0 to $26.3 billion $26.2 to $26.4 billion $150 million Merger synergies $5.4 to $5.6 billion $5.7 to $
Slide 17: Investor Relations
17 Investor Relations Jud Henry Justin Taiber Trina Schurman Senior Vice President Senior Director Senior Director Investor Relations Investor Relations Investor Relations Samia Bhatti Zach Witterstaetter Rose Kopecky Jacob Marks Investor Relations Investor Relations Investor Relations Investor Rela
Slide 18: Condensed Consolidated Balance Sheets
T-Mobile US, Inc. Condensed Consolidated Balance Sheets (Unaudited) September 30, December 31, (in millions, except share and per share amounts) 2022 2021 Assets Current assets Cash and cash equivalents $ 6,888 $ 6,631 Accounts receivable, net of allowance for credit losses of $161 and $146 4,324 4,
Slide 19: Condensed Consolidated Statements of Comprehensive Income (Loss)
T-Mobile US, Inc. Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, June 30, September 30, (in millions, except share and per share amounts) 2022 2022 2021 2022 2021 Revenues Postpaid revenues $ 11,548 $ 11,4
Slide 20: Condensed Consolidated Statements of Cash Flows
T-Mobile US, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, June 30, September 30, (in millions) 2022 2022 2021 2022 2021 Operating activities Net income (loss) $ 508 $ (108) $ 691 $ 1,113 $ 2,602 Adjustments to recon
Slide 21: Statements of Cash Flows (Continued)
T-Mobile US, Inc. Condensed Consolidated Statements of Cash Flows (Continued) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, June 30, September 30, (in millions) 2022 2022 2021 2022 2021 Supplemental disclosure of cash flow information Interest payments, net of amounts
Slide 22: Supplementary Operating and Financial Data
T-Mobile US, Inc. Supplementary Operating and Financial Data (Unaudited) Nine Months Ended Quarter September 30, (in thousands) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2021 2022 Customers, end of period Postpaid phone customers (1)(2) 67,402 68,029 69,418 70,262 70,656 71,053 71,907
Slide 23: Supplementary Operating and Financial Data
T-Mobile US, Inc. Supplementary Operating and Financial Data (Unaudited) Nine Months Ended Quarter September 30, (in thousands) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2021 2022 Accounts, end of period Total postpaid customer accounts (1)(2) 26,014 26,363 26,901 27,216 27,507 27,818
Slide 24: Supplementary Operating and Financial Data (continued)
T-Mobile US, Inc. Supplementary Operating and Financial Data (continued) (Unaudited) Nine Months Ended Quarter September 30, (in millions, except percentages) Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2021 2022 Financial Measures Service revenues $14,192 $14,492 $14,722 $14,963 $15,128
Slide 25: Reconciliation of Non-GAAP Financial Measures to GAAP
T-Mobile US, Inc. Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (Unaudited) This Investor Factbook includes non-GAAP financial measures. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance
Slide 26: Reconciliation of Non-GAAP Financial Measures (continued)
T-Mobile US, Inc. Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (continued) (Unaudited) Net debt (excluding tower obligations) to the LTM Adjusted EBITDA and LTM Core Adjusted EBITDA ratios are calculated as follows: Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30,
Slide 27: Reconciliation of Non-GAAP Financial Measures (continued)
T-Mobile US, Inc. Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures (continued) (Unaudited) The current guidance range for Free Cash Flow is calculated as follows: FY 2022 (in millions) Guidance Range Net cash provided by operating activities $ 16,300 $ 16,500 Cash purchases o
Slide 28: Definitions of Terms
Definitions of Terms Operating and financial measures are utilized by T-Mobile’s management to evaluate its operating performance and, in certain cases, its ability to meet liquidity requirements. Although companies in the wireless industry may not define measures in precisely the same way, T-Mobile
Slide 29: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including information concerning T-Mobile US, Inc.’s f