Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q1 2023 Earnings Presentation
8 slides from Verizon Communications's earnings presentation, Apr 25, 2023
Slide 1: 1Q 2023 Earnings
1Q 2023 EARMNGS.
Slide 2: Safe Harbor Statement
“Safe Harbor” Statement NOTE: In this presentation we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of
Slide 3: Continued to Deliver in 1Q
Continued to Deliver in 1Q 2.4M $8.3B 437K 2.3M $6.8B 229K 1Q '22 1Q '23 1Q '22 1Q '23 1Q '22 1Q '23 Increased total Delivered strong cash Achieved best total postpaid phone gross flow from operations of broadband net adds adds by 5.3% Y/Y $8.3B, up $1.5B Y/Y in over a decade Moving the business for
Slide 4: 1Q 2023 Operating Metrics
1Q 2023 Operating Metrics Consumer Wireless Business Wireless retail postpaid phone net adds (K) retail postpaid phone net adds (K) 2.4M (292) (215) (189) (263) 256 227 197 41 176 136 Wireless retail postpaid phone gross adds (up 5.3% Y/Y) 1.6M 1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 1Q '22 2Q '22 3Q '22
Slide 5: Consolidated 1Q 2023 Financial Summary
Consolidated Total revenue ($B) 1Q 2023 (1.9%) Y/Y Financial $33.6 $33.8 $34.2 $35.3 $32.9 Summary $27.2 $27.1 $27.7 $27.6 $27.2 $32.9B Total revenue (down 1.9% Y/Y) 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Wireless equipment Service & other $11.9B Total Wireless service revenue** ($B) Adjusted EBITD
Slide 6: Consolidated Cash Flow Summary
Consolidated Cash Flow Summary ($ in billions) 1Q 2022 1Q 2023 Cash flow from operations $6.8 $8.3 Capital expenditures $5.8 $6.0 Free cash flow* $1.0 $2.3 Dividends paid $2.7 $2.7 Total debt $153.4 $152.9 Unsecured debt $137.3 $132.0 Cash and cash equivalents $1.7 $2.2 Net unsecured debt* $135.6 $1
Slide 7: Strong Focus on Execution
Strong Focus on Execution Taking a segmented approach to the market Driving profitable growth and maximizing value across stakeholders by Winning in broadband with FWA and fiber growing Service Revenue, EBITDA and Cash Flow Growing our cash generation profile Confident in our strategy and ability to
Slide 8: Slide 8
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