At&t Inc. · NYSE:T

At&t — Q1 2021 Earnings Presentation

12 slides from At&t's earnings presentation, Apr 22, 2021

  1. Slide 1: AT&T Investor Update: 1st Quarter Earnings 2021

    2021 1ST QUARTER EARNINGS AT&T Investor Update April 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

  2. 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

  3. Slide 3: Our Market Focus, 2021 Priority, Deliberate Capital Allocation

    Our Our Deliberate Market Focus 2021 Priority Capital Allocation Broadband connectivity Investing in strategic growth – 5G, Fiber 5G, Fiber, HBO Max GROW Committed to sustaining dividend Software-based at current levels entertainment Customer HBO Max Relationships Utilizing cash after dividends to r

  4. Slide 4: Progress Toward Growing Customer Relationships

    1Q21 Progress Toward Growing Customer Relationships 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 41.5 44.2 64.2 64.8 63.1 62.9 63.5 5.2 36.3 38.0 5.0 33.1 4.3 4.7 235 595 4.1 0.86

  5. Slide 5: 1Q21 Financial Results

    2021 1ST QUARTER EARNINGS 1Q21 Financial Results 5 April 22, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary

  6. Slide 6: 1Q21 Financial Summary

    1Q21 Financial Summary $ in billions, except EPS Adjusted EPS Revenues Cash from Ops Adjusted EPS of $0.86 Adj. OI Margin Free Cash Flow CAPEX On track with full-year guidance of stable adjusted EPS†1 $0.84 $0.86 $42.8 $43.9 $8.9 $9.9 Revenues of $43.9 billion $3.9 $5.9 Communications segment revenu

  7. Slide 7: Communications Segment

    1Q21 Communications Segment $ in billions Revenues EBITDA EBITDA Margin Mobility $19.0 Strong subscriber momentum $17.4 Service revenue growth driven by subscriber gains $7.8 $8.0 Growing EBITDA and improving service margins 45.0% 42.1% Higher gross adds and lower phone churn 1Q20 1Q21 Business Wire

  8. Slide 8: WarnerMedia Segment

    1Q21 WarnerMedia Segment $ in billions Revenues EBITDA EBITDA Margin Higher subscription growth and improved advertising trends WarnerMedia Advertising revenues up 18.5% with return of sports $7.8 $8.5 Expect continued theatrical revenue improvement in 2021 HBO Max success drove DTC subscription rev

  9. Slide 9: Capital Allocation and Liquidity Update

    1Q21 Capital Allocation and Debt reduction plan on target with strong cash flows and Liquidity Update asset monetization C-Band financing and $23B payment in March impacted 1Q21 net debt Expect net debt to adjusted EBITDA†5 of ~3.0x at end of 2021 Long-term target of ~2.5x during 2024 2018 – 2021 Ne

  10. Slide 10: Q&A

    2021 1ST QUARTER EARNINGS Q&A 10 April 22, 2021 / © 2021 AT&T Intellectual Property - AT&T Proprietary

  11. Slide 11: Notes

    Notes 1. The company expects adjustments to 2021 reported diluted EPS to include merger-related amortization in the range of $4.3 billion and other adjustments, a non-cash mark-to-market benefit plan gain/loss, and other items. The company expects the mark-to-market adjustment, which is driven by in

  12. Slide 12: S AT&T

    S AT&T

AT&T — Q1 2021 Earnings Presentation on 6ix