At&t Inc. · NYSE:T
At&t — Q3 2017 Earnings Presentation
9 slides from At&t's earnings presentation, Oct 24, 2017
Slide 1: 3rd Quarter Earnings
3rd Quarter Earnings AT&T Investor Update October 24, 2017 © 2017 AT&T Intellectual Property. All rights reserved. AT&T, Globe logo, Mobilizing Your World and DIRECTV are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the p
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
Slide 3: Financial Summary
Financial Summary $ in billions, except EPS 3Q17 3Q Year-to-Date Highlights REVENUES ADJUSTED EPS CASH FROM OPS REVENUES ADJUSTED EPS CASH FROM OPS Adj. OI Margin Capex Adj. OI Margin Capex Free Cash Flow Free Cash Flow $122.0 $118.9 $2.26 $40.9 $2.17 $29.2 $29.3 $39.7 $0.74 $0.74 $11.0 $11.1 $5.8 $
Slide 4: AT&T Mobility
AT&T Mobility $ in billions; Subscribers in millions 3Q17 Results Wireless and video bundling strategy driving results REVENUES EBITDA MARGIN Record wireless margins $18.2 $17.4 42.0% EBITDA margin and 50.4% wireless service margin with strong cost management Best-ever third-quarter postpaid phone c
Slide 5: Entertainment Group
Entertainment Group $ in billions; Subscribers in millions Growth in video, advertising and high-speed Internet revenues offset by legacy services 3Q17 Results AdWorks revenues up 11%, with continued strong growth in targeted advertising REVENUES EBITDA MARGIN Margins pressured by content, product m
Slide 6: Business Solutions and International
Business Solutions and International $ in billions Legacy services pressure revenues as structural transition of 3Q17 Business Solutions business wireline continues 3Q16 3Q17 Δ New technologies drive gains in strategic business services Total Revenues 17.8 17.1 (0.7) Expanding margins with stable EB
Slide 7: Business Update
Business Update Time Warner Regulatory and FirstNet Business Opportunities Acquisition Tax Reform DOJ approval pending; all 27 states and territories New AT&T organization Lighter touch regulation and other jurisdictions have opted in structure in place pro-growth initiatives approved • Streamlining
Slide 8: 3Q17 Summary
3Q17 Summary 2017 guidance on track Stable third-quarter adjusted earnings and margins with 13% growth in free cash flow Cost management offsetting legacy and video revenue and margin pressure; year-to-date adjusted EPS up more than 4%; response to natural disasters impacts quarter Best-ever wireles
Slide 9: Q&A
Q&A © 2017 AT&T Intellectual Property. All rights reserved. AT&T, Globe logo, Mobilizing Your World 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. AT&T Proprietary (I