At&t Inc. · NYSE:T
At&t — Q3 2023 Earnings Presentation
11 slides from At&t's earnings presentation, Oct 19, 2023
Slide 1: AT&T Investor Update
AT&T Investor Update October 19, 2023 2023 3rd QUARTER EARNINGS © 2023 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.
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: 2023 Business Priorities
2023 Business Priorities 1 2 3 Grow durable 5G and Effective and efficient in Deliberate capital Fiber relationships everything we do allocation • Execute consistent and • Achieve incremental $2B+ in • Invest for long-term growth – disciplined go-to-market targeted savings within next 5G and Fiber s
Slide 4: 3Q23 Financial Results
3Q23 Financial Results © 2023 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. 4
Slide 5: 5G and Fiber
Postpaid Phone Subscribers Mobility Service Revenues Mobility EBITDA†1 millions $ in billions $ in billions 70.8 $15.9 $8.9 69.0 $15.3 $8.3 +3.7%* $55.67 $55.99 53.9% 55.9% 5G and 3Q22 3Q23 3Q22 3Q23 3Q22 3Q23 Postpaid phone subscribers * YOY change EBITDA Postpaid phone ARPU EBITDA Service Margin †
Slide 6: 3Q23 Financial Summary
3Q23 Financial Summary Continuing Operations, $ in billions, except EPS Revenues Adjusted EPS†2 Cash from Ops Revenue growth driven by subscriber and ARPU gains Adj. OI Margin†1 Free Cash Flow†3 • Revenues of $30.4B, up $0.3B $10.1 $10.3 $30.0 $30.4 • Mobility service revenue growth of 3.7%, 4.6% YT
Slide 7: 3Q23 Mobility Results
3Q23 Mobility Results Revenues EBITDA †1 EBITDA Margin †1 $ amounts in billions Mobility $20.7 Strong revenue and EBITDA†1 growth from high-quality subscriber and ARPU gains $20.3 • Wireless service revenues grew $571M, up 3.7% • Postpaid phone ARPU of $55.99, up 0.6% $8.3 $8.9 • EBITDA†1 of $8.9B,
Slide 8: 3Q23 Consumer and Business Wireline Results
3Q23 Consumer and Business Wireline Results Revenues EBITDA †1 EBITDA Margin †1 $ amounts in billions Consumer Wireline Revenue and EBITDA†1 growth driven by Fiber adoption, with Fiber revenues up ~27% $3.2 $3.3 • Broadband revenues grew 9.8%, driven by Fiber subscriber and ARPU growth from mix shif
Slide 9: Q&A
Q&A © 2022 2023 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. 9
Slide 10: Notes
Notes 1. EBITDA, EBITDA margin, EBITDA service margin and adjusted operating income margin are non-GAAP financial measures that are frequently used by investors and credit rating agencies to provide relevant and useful information. Reconciliations of these non-GAAP financial measures to the most dir
Slide 11: AT&T
Sz AT&T