Slide 1: Q2 2024 investor conference call
Q2 2024 investor conference call August 2, 2024
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements Today’s discussion may contain forward-looking statements, including statements relating to our objectives and our strategies to achieve those objectives, our 2024 targets, our expectations regarding trends in the telecommunications industry (including de
Slide 3: Delivering on our track record of execution excellence
Delivering on our track record of execution excellence ● Executing against our differentiated global growth strategy ● Achieving industry-leading customer additions and strong profitability ● Leading customer growth underpinned by industry-best client loyalty ● Delivering exceptional customer experi
Slide 4: Mobility operating results
Mobility operating results Q2 2024 Mobile phone ARPU $58.49 (3.4%) y/y Mobile phone churn 1.07% +13 bps y/y Mobile phone net adds 101,000 (9,000) y/y Connected device net adds 161,000 +37,000 y/y Delivering high-quality and profitable customer growth leveraging our strong digital capabilities, custo
Slide 5: Fixed operating results
Fixed operating Operating results Results Q1 2024 Q2 Internet net adds 33,000 (2,000) y/y TV net adds 25,000 +8,000 y/y Security net adds 20,000 +5,000 y/y Residential voice net adds (8,000) unchanged Total fixed net adds 70,000 +11,000 y/y Superior product portfolio and leading PureFibre network dr
Slide 6: Connecting people through our globally unmatched networks
Connecting people through our globally unmatched networks ● PureFibre network connecting approximately 3.3 million premises and 5G connecting over 86% of Canadians ● Bridging digital and socio-economic divides by delivering world-leading connectivity to rural and Indigenous communities ● Reclaiming
Slide 7: TELUS Health
TELUS Health Revolutionizing health and wellbeing Health services revenue $445 million +4.0% y/y Lives covered 75.1 million +6.8 million y/y Virtual care members 6.3 million +1.0 million y/y Digital health transactions 163.3 million +10.4 million y/y Higher revenue alongside EBITDA contribution grow
Slide 8: TELUS Agriculture & Consumer Goods
TELUS Agriculture & Consumer Goods Driving efficiency through passion and technology Agriculture and consumer goods services revenue $91 million ` Team members globally 1,700+ Customers 5,400+ Accelerating our product development to drive further differentiation and accelerate our journey to transfo
Slide 9: Returning capital to shareholders
Returning capital to shareholders ● Targeting 7 to 10% annual dividend growth from 2023 through 2025 ● Quarterly dividend declared of $0.3891 payable October 1, 2024, up 7.0% y/y ● 26 dividend increases since dividend growth program initiated in May 2011 ● Returning $26 billion to shareholders since
Slide 10: Leading the world in social capitalism
Leading the world in social capitalism ● Inspiring 83,000 team members, retirees and their family and friends to volunteer across 33 countries during our 19th annual TELUS Days of giving, surpassing last year’s record and making this year’s event our most giving year yet. ● Hosting TELUS Friendly Fu
Slide 11: Financial Results
Financial Results
Slide 12: TELUS technology solutions (TTech)
TELUS technology solutions (TTech) Q2 2024 Mobile network revenue $1.7 billion +0.9% y/y Fixed data services revenue1 $1.2 billion +1.0% y/y Operating revenues $4.2 billion +0.5% y/y Adjusted EBITDA $1.6 billion +5.1% y/y 1 Excludes health services and agriculture and consumer goods services. Delive
Slide 13: TELUS digital experience
TELUS digital experience Q2 2024 External revenues $709 million (1.9%) y/y Adjusted EBITDA $178 million +17.6% y/y Adjusted EBITDA margin1 19.0% +2.1 pts y/y 1 This is a non-GAAP ratio that does not have any standardized meaning prescribed by IFRS-IASB and might not be comparable to similar measures
Slide 14: Consolidated
Consolidated Q2 2024 Operating revenues $4.9 billion (0.7%) y/y Net income $221 million +12.8% y/y Adjusted Net income1 $366 million +34.1% y/y Adjusted EBITDA2 $1.8 billion +5.6% y/y 1 Adjusted Net income is a non-GAAP measure that does not have any standardized meaning prescribed by IFRS-IASB and
Slide 15: Updating 2024 financial targets
Updating 2024 financial targets TTech Operating revenues (1) Growth of 2 to 4% (lower end of range) TTech Adjusted EBITDA Growth of 5.5 to 7.5% (lower end of range) Consolidated Free cash flow Approximately $2.1 billion (previously approximately $2.3 billion) Consolidated Capital expenditures(2) App
Slide 16: Strong balance sheet and liquidity position
Strong balance sheet and liquidity position ● Weighted average cost of long-term debt of 4.42% ● Average long-term debt term to maturity of 11.0 years ● Available liquidity1 of approximately $2.5 billion ● $2.75 billion syndicated credit facility expiring July 2028 ● Expanded $1.6B A/R & Handset Sec
Slide 17: Questions?
Questions? Investor relations 1-800-667-4871 telus.com/investors IR@telus.com
Slide 18: Appendix: Key definitions
Appendix Key definitions Our presentation and answers include the following non-GAAP and other specified financial measures, which may not be comparable to similar measures presented by other issuers: ● TELUS Digital Adjusted EBITDA margin is a non-GAAP ratio. Adjusted Net income and Available liqui
Slide 19: Let's make the future friendly, together.
Let’s make the future friendly, together. 19