Telus Corporation · TSX:T
Telus — Shareholder Meeting (May 2025)
48 slides from Telus's shareholder meeting presentation, May 2025
Slide 1: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 2: Welcome to the 2025 annual general meeting
Welcome to the 2025 annual general meeting
Slide 3: The Honourable John Manley, Chair of the Board
The Honourable John Manley Chair of the Board
Slide 4: Land acknowledgement
Muncho Lake, British Columbia Ryan Dic! t Nelson First Nation
Slide 5: Broadcast Language
————_@ Broadcast Language Leading with purpose, innovating with passion. , 2025 ANNUAL GENERAL MEETING
Slide 6: Achieving outstanding performance
Achieving outstanding performance
Slide 7: Leading the world in social capitalism
Leading the world in social capitalism
Slide 8: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 9: Darren Entwistle, President and CEO
Darren Entwistle President and CEO
Slide 10: Andrea Wood
Andrea Wood Executive Vice-president and Chief Legal & Governance Officer
Slide 11: Christopher Main
Christopher Main Associate General Counsel and Assistant Corporate Secretary
Slide 12: Jill Schnarr
Jill Schnarr Chief Communications & Brand Officer
Slide 13: Caution regarding forward-looking statements
Caution regarding forward-looking statements
Slide 14: Caution regarding forward-looking statements; non-GAAP measures
Caution regarding Use of non-GAAP and other forward-looking statements specified financial measures Today's discussion will include statements relating to our financial targets, our We have issued guidance on and report certain multi-year dividend growth program and plans for future dividends, our non-
Slide 15: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 16: Driving industry-leading first quarter results
Driving industry-leading first quarter results ● Industry-leading customer additions ● Industry-leading customer loyalty ● Industry-leading operating revenue ● Industry-leading TTech Adjusted EBITDA ● Best combination of EBITDA growth, low Capex intensity and free cash flow growth in the global indust
Slide 17: Realizing returns that eclipse our global peers
Realizing returns that eclipse our global peers +620% TELUS +485% TSX +43% MSCI January 1, 2000 to May 9, 2025 showing % change for $100 invested initially and dividends reinvested. MSCI Global Telecom Index.
Slide 18: Unparalleled shareholder value
Unparalleled shareholder value ● Extending our leading dividend growth program ● Targeting 3 to 8% annually through 2028 ● Supporting families, pensioners and businesses
Slide 19: Connecting people to what matters most
Connecting people to what matters most ● $276 billion invested invested in network infrastructure, operations and spectrum since 2000 ● $68 billion invested in network infrastructure, operations and spectrum over the next five years ● Providing critical connectivity and AI leadership to support our d
Slide 20: Demonstrating support for our communities worldwide
Demonstrating support for our communities worldwide ● 83,000 volunteers across 33 countries in 2024 ● 1.5 million volunteer hours ● $4 million in TELUS Student Bursary support ● $1.8 billion in cash, in-kind contributions, time and programs, including 2.4 million volunteer days since 2000
Slide 21: Thank you
Thank you
Slide 22: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 23: Today's agenda
Today’s agenda Business items ● Tabling of financial statements ● Voting ● 1. Election of directors ● 2. Appointment of auditor ● 3. Advisory vote on say on pay ● 4. Reconfirm shareholder rights plan Voting results Conclusion Question and answer session
Slide 24: Meeting procedures
Meeting procedures ● Quorum ● Declaration of mailing ● Appointment of scrutineers
Slide 25: Our director nominees
Our director nominees
Slide 26: Our director nominees
Our director nominees The Honourable John Manley Darren Entwistle Ray Chan Hazel Claxton Lisa de Wilde Victor Dodig Tom Flynn Mary Jo Haddad Ottawa, Vancouver, Vancouver, Toronto, Oakville, Toronto, Toronto, Niagara-on-the-Lake, Ontario British Columbia British Columbia Ontario Ontario Ontario Ontar
Slide 27: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 28: 2024 consolidated financial statements
2024 consolidated financial statements
Slide 29: Voting procedures
Voting procedures
Slide 30: Home and broadcast
Home and broadcast Broadcast Home
Slide 31: How to vote
How to vote (B Voting 12 Raymond T. Chan Leading with purpose, innovating with passion. 2025 ANNUAL GENERAL EETNG \
Slide 32: Asking a question
Asking a question | Messaging Mesonng ~~ Leading ™ with purpose, innovating ith ion. with pase 2025 ANNUAL GENERAL
Slide 33: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 34: Motion to nominate and elect directors
Motion to nominate and elect directors
Slide 35: Motion to nominate and elect directors
Motion to nominate and elect directors “I move that the 14 individuals nominated in the information circular be elected as directors of the Company, to hold office for the ensuing year.”
Slide 36: Motion to appoint auditors
Motion to appoint auditors
Slide 37: Motion to appoint auditors
Motion to appoint auditors “I move that Deloitte LLP, Chartered Professional Accountants, be appointed as the auditors of the Company for the ensuing year at a remuneration to be fixed by the directors.”
Slide 38: Motion regarding say on pay
Motion regarding say on pay
Slide 39: Motion regarding say on pay
Motion regarding say on pay “I move that the shareholders accept, on an advisory basis, the approach to executive compensation disclosed in the Company’s information circular delivered in advance of the 2025 annual general meeting of shareholders.”
Slide 40: Motion to reconfirm the shareholder rights plan
Motion to reconfirm the shareholder rights plan
Slide 41: Motion to reconfirm the shareholder rights plan
Motion to reconfirm the shareholder rights plan “I move that the resolution set out in the information circular regarding the reconfirmation of the Shareholder Rights Plan be approved.”
Slide 42: Voting on four motions
Voting on four motions 1. Election of directors ● Ray Chan ● Tom Flynn ● David Mowat ● Hazel Claxton ● Mary Jo Haddad ● Marc Parent ● Lisa de Wilde ● Martha Hall Findlay ● Denise Pickett ● Victor Dodig ● Christine Magee ● Sean Willy ● Darren Entwistle ● John Manley 2. Appointment of auditors 3. Advi
Slide 43: Voting results
Voting results 1. Election of directors 2. Appointment of auditors 3. Advisory vote on say on pay 4. Reconfirm shareholder rights plan
Slide 44: Voting results
Voting results ● sedarplus.ca ● telus.com
Slide 45: Leading with purpose, innovating with passion
‘Leading with purpose, innovating with passion. | 2025 ANNUAL GENERAL MEETING
Slide 46: Questions and answers
Questions and answers ● board@telus.com ● ir@telus.com
Slide 47: Thank you
Thank you
Slide 48: Let's make the future friendly
let's make the future friendly