Slide 1: 4Q 2023 Earnings
January 23,2024 4Q J 2023 Earnings
Slide 2: Safe harbor statement
Safe harbor statement 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 operatio
Slide 3: Strong momentum quarter after quarter
Strong momentum quarter after quarter $76.7B $47.8B $18.7B 2023 Wireless Service Revenue2 2023 Adjusted EBITDA1 2023 Free Cash Flow1 Strong national broadband Met financial guidance Launched myPlan base New 5G solutions and private Improved performance in New leadership team networks business Consum
Slide 4: 4Q 2023 Operating Metrics
4Q 2023 Operating Metrics Consumer Business retail postpaid phone net adds (K) 318 retail postpaid phone net adds (K) 3.0M 41 (263) (136) (51) 176 136 144 151 131 Wireless retail postpaid phone gross adds (up 12.1% Y/Y) 2.3M 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 4Q 22 1Q 23 2Q 23 3Q 23 4Q 23 Consumer wirele
Slide 5: Consolidated Financial Summary
Consolidated Total revenue ($B) Financial (0.3)% Y/Y (2.1)% Y/Y Summary $35.3 $35.1 $136.8 $134.0 $35.1B $27.6 $27.7 $109.6 $109.7 Total revenue (down 0.3% Y/Y) 4Q 2022 4Q 2023 2022 2023 $11.7B Wireless equipment Service & other Adjusted EBITDA1 Total Wireless service revenue2 ($B) (down 0.6% Y/Y) (
Slide 6: Consolidated Cash Flow Summary
Consolidated Cash Flow Summary ($ in billions) Year Ended 2022 Year Ended 2023 Cash flow from operations $37.1 $37.5 Capital expenditures $23.1 $18.8 Free cash flow1 $14.1 $18.7 Dividends paid $10.8 $11.0 Total debt $150.6 $150.7 Unsecured debt $130.6 $128.5 Cash and cash equivalents $2.6 $2.1 Net u
Slide 7: 2024 Guidance
2024 Guidance Guidance Total Wireless service revenue growth2 2.0% — 3.5% Adjusted EBITDA growth1 1.0% — 3.0% Adjusted effective income tax rate1 22.5% — 24.0% Adjusted EPS1 $4.50 — $4.70 Capital expenditures $17.0B — $17.5B 1 Non-GAAP measure. 2 Sum of Consumer and Business segments. Executing on s
Slide 8: Well-positioned to deliver a solid 2024
Well-positioned to deliver a solid 2024 The right people. The right assets. The right strategy. Our focus for 2024 is on execution. © 2024 Verizon VZQTR20FIN 8 VlpHU09DSUQyMDE4UTQ =
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