Slide 1: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 2: Welcome
Welcome 2026 annual general meeting The Honourable John Manley, Chair of the Board
Slide 3: Land acknowledgement
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Slide 4: Broadcast Home
en ©| Broadcast fe Home Leading with purpose, innovating i with grit. ocuMents 2026 ANNUAL GENERAL MEETING
Slide 5: Closed Captioning Language
Closed Captioning Language Leading with purpose, innovating i with grit. 2026 ANNUAL GENERAL MEETING
Slide 6: A historic transition
A historic transition
Slide 7: Welcoming Victor Dodig
Welcoming Victor Dodig
Slide 8: Operating from absolute strength
Operating from absolute strength
Slide 9: Leading the world in social capitalism
Leading the world in social capitalism
Slide 10: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 11: Darren Entwistle
Darren Entwistle President and CEO
Slide 12: Andrea Wood
Andrea Wood Executive Vice-president and Chief Legal & Governance Officer
Slide 13: Christopher Main
Christopher Main Associate General Counsel and Assistant Corporate Secretary
Slide 14: Jill Schnarr
Jill Schnarr Chief Communications & Brand Officer
Slide 15: Caution regarding forward-looking statements
Caution regarding forward-looking statements
Slide 16: 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 and We have issued guidance on and report certain expected performance, our deleveraging program, our plans for future non-GAA
Slide 17: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 18: World-leading performance results for 26 years
World-leading performance results for 26 years ● Revenue growth 242% ● EBITDA growth 206% ● Free cash flow 1,666% ● Customer connections 383% ● Total shareholder value 661% ● Enterprise value 428% ● 133,000+ team members in 45 countries
Slide 19: Comprehensively led industry in 2025
Comprehensively led industry in 2025 Operational and financial performance No 1 Ranking Total External RGU net additions +1,081,000 Connected Device net additions +716,000 Total Mobile net additions +923,000 Internet net additions +123,000 TV net additions +60,000 Security net additions +32,000 Resid
Slide 20: Continuing the momentum in dynamic Q1 of 2026
Continuing the momentum in dynamic Q1 of 2026 Industry-leading across each of… ● Customer net additions of 262,000; ● Operating service revenue growth of 1%; ● Postpaid mobile churn; ● Blended mobile churn; ● Mobile phone lifetime revenue; and ● Free cash flow growth of 19%.
Slide 21: Advancing our emerging growth businesses
Advancing our emerging growth businesses ● TELUS Digital: ● $150-$200 million in synergies through privatization ● Global leader in AI-enabled customer experience solutions ● Sovereign AI Factories creating new revenue streams; Rimouski SAIF sold out ● TELUS Health: ● 170 million lives across 200 co
Slide 22: Realising world-leading shareholder returns
Realising world-leading shareholder returns +661% TELUS +551% S&P/TSX +60% MSCI December 31, 1999 to August 21, 2025 showing % change for $100 invested initially and dividends reinvested. MSCI World Telecom Index
Slide 23: Creating value for TELUS shareholders
Creating value for TELUS shareholders ● $31 billion returned to shareholders since 2000 ● $26 billion in dividends; $5 billion in share repurchases ● $20 per share returned to investors ● TELUS team members are our third-largest shareholder group
Slide 24: Strengthening our balance sheet
Strengthening our balance sheet ● $7.3 billion in junior subordinated debt issuances ● Launched Terrion and reduced debt by $1.26 billion ● Deleveraging ahead of plan: ● 3.4-times leverage ratio at the end of 2025 ● 3.3-times leverage ratio – or lower – by end of 2026 ● 3-times leverage ratio – or b
Slide 25: Building a stronger and more connected Canada
Building a stronger and more connected Canada ● $66 billion invested over the next five years ● $294 billion invested since 2000 ● TELUS’ 5G network reaches > 90% of Canada’s population ● Canada’s most-awarded wireless network in 2026 and most awarded network ever by Opensignal
Slide 26: Exponential wireless customer growth
Exponential wireless customer growth 1,256% 15M Wireless subscribers 1.1M Wireless subscribers 2000 2025
Slide 27: Keeping people and communities connected
Keeping people and communities connected ● 99% of eligible customers migrated to TELUS PureFibre ● PureFibre business valued at $20 billion ● Investing $2 billion to bring TELUS PureFibre east ● Market share leader in Western Canada ● 51% internet market share ● 48% TV market share ● 60% Security ma
Slide 28: Exponential wireline customer growth
Exponential wireline customer growth 96% 6.3M Wireline subscribers 3.2M Wireline subscribers 2000 2025
Slide 29: Doing good has enabled our brand value to grow to $11.6B
Doing good has enabled our brand value to grow to $11.6B $11.6B today $6.2B 2016 $0.6B 2000
Slide 30: Global leadership in social capitalism
Global leadership in social capitalism ● $1.85 billion, 2.5 million volunteer days since 2000 ● 21 years of TELUS Days of Giving ● 90,000 volunteers across 35 countries ● $6 million in bursaries since 2023, supporting 2,000 students Drives stronger employee engagement and bond with communities and c
Slide 31: Thank you for an amazing 26 years!
Thank you for an amazing 26 years!
Slide 32: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 33: 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. Increase to the share reserve under the RSU Plan Voting results Conclusion Question and answer session
Slide 34: Meeting procedures
Meeting procedures ● Quorum ● Declaration of mailing ● Appointment of scrutineers
Slide 35: Our director nominees
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Slide 36: 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, Calgary, Toronto, Oakville, Toronto, Toronto, Niagara-on-the-Lake, Ontario British Columbia Alberta Ontario Ontario Ontario Ontario Ontario
Slide 37: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 38: 2025 consolidated financial statements
2025 consolidated financial statements
Slide 39: Voting procedures
Voting procedures % f
Slide 40: Home and broadcast
Home and broadcast Broadcast Home
Slide 41: How to vote
How to vote (B Voting TELUS, 1. Election of Directors Raymond 7. chan Leading with purpose, innovating i with grit. 2026 ANNUAL GENERAL MEETING
Slide 42: Asking a question
Asking a question | Messaging Leading with purpose, —_. innovating é with grit.
Slide 43: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 44: Motion to nominate and elect directors
Motion to nominate and elect directors
Slide 45: 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 46: Motion to appoint auditors
Motion to appoint auditors
Slide 47: Motion to appoint auditors
Motion to appoint auditors “I move that Deloitte LLP be appointed as the auditors of the Company for the ensuing year at a remuneration to be fixed by the directors.”
Slide 48: Motion regarding say on pay
Motion regarding say on pay
Slide 49: Motion regarding say on pay
Motion regarding say on pay “I move that the shareholders approve, on an advisory basis, the approach to executive compensation disclosed in the Company’s information circular.”
Slide 50: Motion to increase the share reserve under the RSU Plan
Motion to increase the share reserve under the RSU Plan
Slide 51: Motion to increase the share reserve under the RSU Plan
Motion to increase the share reserve under the RSU Plan “I move that the resolution set out in the information circular regarding the increase to the share reserve under the Company’s Restricted Share Unit Plan be approved.”
Slide 52: 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 53: Voting results
Voting results 1. Election of directors 2. Appointment of auditors 3. Advisory vote on say on pay 4. Increase to the share reserve under the RSU Plan
Slide 54: Voting results
Voting results ● sedarplus.ca ● telus.com
Slide 55: Leading with purpose, innovating with grit
Leading with purpose, innovating with grit. 2026 ANNUAL GENERAL MEETING
Slide 56: Questions and answers
Questions and answers ● board@telus.com ● ir@telus.com
Slide 57: Thank you
Thank you
Slide 58: let's make the future friendly
let’s make the future friendly