Verizon Communications Inc. · NYSE:VZ
Verizon Communications — Q3 2023 Earnings Presentation
8 slides from Verizon Communications's earnings presentation, Oct 24, 2023
Slide 1: 3Q 2023 Earnings
3Q) 2023 EARMNGS.
Slide 2: "Safe Harbor" Statement
“Safe Harbor” Statement NOTE: 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
Slide 3: Delivered strong results across the business
Delivered strong results across the business Drove growth across key metrics: Ended 3Q with 10.3M broadband subs, Wireless Service Revenue, Adjusted 21% increase Y/Y & 4th consecutive EBITDA, and Free Cash Flow quarter with >400K broadband net adds Obtained early access to remaining Delivered 100K p
Slide 4: 3Q 2023 Operating Metrics
3Q 2023 Operating Metrics Consumer Business retail postpaid phone net adds (K) retail postpaid phone net adds (K) 2.6M (189) 41 (263) (136) (51) Wireless retail postpaid phone gross adds (up 0.8% Y/Y) 1.8M Consumer wireless retail postpaid phone gross adds (up 2.3% Y/Y) Broadband net adds (K) Prepai
Slide 5: Consolidated 3Q 2023 Financial Summary
Consolidated Total revenue ($B) 3Q 2023 (2.6)% Y/Y Financial Summary $33.3B Total revenue (down 2.6% Y/Y) Wireless equipment Service & other $12.2B Total Wireless service revenue** ($B) Adjusted EBITDA* (up 0.2% Y/Y) 2.9% Y/Y (Adjusted EBITDA margin of 36.7%)* $1.22 Adjusted EPS* (down 7.6% Y/Y) * N
Slide 6: Consolidated Cash Flow Summary
Consolidated Cash Flow Summary ($ in billions) 9 Months Ended 2022 9 Months Ended 2023 Cash flow from operations $28.2 $28.8 Capital expenditures $15.8 $14.2 Free cash flow* $12.4 $14.6 Dividends paid $8.1 $8.2 Total debt $147.9 $147.4 Unsecured debt $131.4 $126.4 Cash and cash equivalents $2.1 $4.2
Slide 7: Focused priorities through the end of the year
Focused priorities through the end of the year Delivering growth across key metrics & meeting 2023 financial targets Continuing momentum in Consumer mobility with segmented & disciplined approach Deploying remaining C-Band spectrum to make the best network even stronger © 2023 Verizon VZQTR20FIN 7 V
Slide 8: Slide 8
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