At&t Inc. · NYSE:T
At&t — Q4 2022 Earnings Presentation
14 slides from At&t's earnings presentation, Jan 25, 2023
Slide 1: AT&T Investor Update
AT&T Investor Update January 25, 2023 2022 4th QUARTER EARNINGS © 2023 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 – Accomplishments
2022 Business Priorities – Accomplishments 1 2 3 Grow Customer Effective and Efficient in Deliberate Capital Allocation Relationships Everything We Do ▪ Invested in growth – reached 150 million POPs covered with 5G mid-band ▪ 5G Wireless – 2.9 million postpaid ▪ Achieved $5B+ of $6B+ run-rate spectr
Slide 4: 2023 Business Priorities: Do it again…
2023 Business Priorities Do it again… © 2023 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: Fiber: A Return-focused Growth Opportunity
Fiber: A Return-focused Growth Opportunity ▪ On track to pass 30M+ Gigapower expectations: ▪ ~50M urban/suburban households have consumer and business no access to fiber; closing the divide is a ▪ Best-in-class team builds and operates locations by end of 2025 once-in-a-generation opportunity out-of
Slide 6: 4Q22 Financial Results
4Q22 Financial Results © 2023 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. 6
Slide 7: 5G and Fiber: 2022 Subscriber Gains
2022 Subscriber Gains Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds millions millions 69.0 69.6 67.5* 68.3 7.2 67.3 6.6 6.9 5G and 6.0 6.3 1.2 3.2 2.9 1.0 0.85% 0.84% Fiber ~37% ~38% 4Q21 1Q22 2Q22 3Q22 4Q22 2021 2022 4Q21 1Q22 2Q22 3Q22 4Q22 2021 2022 Postpaid phone subscriber
Slide 8: 4Q22 Financial Summary
4Q22 Financial Summary Continuing Operations, $ in billions, except EPS Revenues Adjusted EPS†6 Cash from Ops Solid revenue growth with customer and ARPU gains Adj. OI Margin†4 Free Cash Flow†3 Continuing operations revenues of $31.3B, up $0.2B $31.3 $10.3 $31.1 $8.1 Continuing operations revenues f
Slide 9: 4Q22 Mobility Results
4Q22 Mobility Results $ in billions Revenues EBITDA †4 EBITDA Margin †4 Mobility Strong revenue and EBITDA gains with subscriber and ARPU growth $21.1 $21.5 Revenues grew 1.7%; wireless service revenues higher by $765M, or 5.2% EBITDA grew $742M, or 10.1% $7.4 $8.1 Postpaid phone ARPU of $55.43, up
Slide 10: 4Q22 Consumer & Business Wireline Results
4Q22 Consumer & Business Wireline Results $ in billions Revenues EBITDA †4 EBITDA Margin †4 Consumer Wireline Fiber growth drives EBITDA and revenue gains, with fiber revenues up more than 30% $3.2 $3.2 Broadband revenues grew 7.2% due to fiber growth and higher ARPU from mix shift to fiber $1.0 $1.
Slide 11: 2023 Financial Guidance
2023 Financial Guidance Continuing Operations 2023 Guidance REVENUE GROWTH Wireless Service Revenues 4%+ growth Broadband Revenues 5%+ growth ADJUSTED EBITDA†4 3%+ growth EPS – ADJUSTED†6 $2.35 - $2.45 CAPITAL INVESTMENT†5 Consistent with 2022 levels Capital Expenditure FREE CASH FLOW†3 $16B or bett
Slide 12: Q&A
Q&A 12
Slide 13: Notes
Notes 1. “Standalone AT&T” results reflect the historical operating results of the company presented as continuing operations, and excludes U.S. Video and other 2021 dispositions included in Corporate and Other. Standalone AT&T results are presented to provide 2021 full-year results that are compara
Slide 14: © 2023 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service
© 2023 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.