At&t Inc. · NYSE:T
At&t — Q4 2021 Earnings Presentation
14 slides from At&t's earnings presentation, Jan 26, 2022
Slide 1: AT&T Investor Update: 2021 4th Quarter Earnings
2021 4TH QUARTER EARNINGS AT&T Investor Update January 26, 2022 © 2022 AT&T Intellectual Property. AT&T, Globe logo, 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
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: Business Priorities – 2021 Accomplishments
Business Priorities – 2021 Accomplishments Grow Customer Effective and Efficient Deliberate Capital Relationships in Everything We Do Allocation ✓ Delivered Mobility postpaid phone ✓ Achieved $3B+ of $6B run-rate ✓ Announced or closed more than net adds of ~3.2 million cost savings target $50B in as
Slide 4: Business Priorities – 2022 Focus
Business Priorities – 2022 Focus Grow Customer Effective and Efficient Deliberate Capital Relationships in Everything We Do Allocation ▪ 5G/Wireless – Expand simplified ▪ Reach $4B+ of $6B run-rate cost ▪ Increase investment in growth go-to-market strategy to savings target opportunities – Fiber and
Slide 5: 4Q21 Financial Results
2021 4TH QUARTER EARNINGS 4Q21 Financial Results 5 January 26, 2022 / © 2022 AT&T Intellectual Property - AT&T Proprietary
Slide 6: 4Q21 Solid Subscriber Gains in Areas of Market Focus
4Q21 Solid Subscriber Gains in Areas of Market Focus Wireless Fiber HBO Max Postpaid Phone Subscribers Net Adds AT&T Fiber Subscribers Net Adds HBO Max and HBO Subscribers†1 millions thousands millions thousands millions 73.8 66.4 67.3 67.5 69.4 64.8 65.5 6.0 60.6 63.9 64.2 5.4 5.7 884 5.0 5.2 800 2
Slide 7: 4Q21 Financial Summary
4Q21 Financial Summary $ in billions, except EPS Solid revenue growth on a comparable basis Adjusted EPS Revenues Cash from Ops 4Q21 reported revenues of $41.0B Adj. OI Margin†4 Revenues ex Video†5 Free Cash Flow †2 Video impact CAPEX Excluding Video†5, revenues were up $1.6B, or 4.2% $45.7 $0.75 $0
Slide 8: 4Q21 Communications Segment
4Q21 Communications Segment $ in billions Revenues EBITDA †4 EBITDA Margin †4 Mobility $21.1 Strong revenue, EBITDA and subscriber gains $20.1 Revenues up 5.1%; service revenues up ~$650M, or 4.6% $7.1 $7.4 884,000 postpaid phone net adds; 24,000 prepaid phone net adds 35.3% 35.0% Strong EBITDA and
Slide 9: 4Q21 WarnerMedia Segment
4Q21 WarnerMedia Segment $ in billions Revenues EBITDA †4 EBITDA Margin †4 WarnerMedia Strong subscription growth offset impacts from advertising $9.9 WarnerMedia revenues up 15.4% driven by content licensing and strong DTC subscription growth $8.6 4Q21 includes ~$380M in DIRECTV advertising revenue
Slide 10: 2022 Guidance
2021 4TH QUARTER EARNINGS 2022 Guidance 10 January 26, 2022 / © 2022 AT&T Intellectual Property - AT&T Proprietary
Slide 11: 2022 Financial Outlook
2022 Financial Outlook 2022 2022 Consolidated Guidance* WarnerMedia Guidance** Revenue in the REVENUE GROWTH ex Video†5 Low single digits $37 - $39B range Wireless Service Rev Growth 3%+ EBITDA in the EPS – ADJUSTED†7 $3.10 - $3.15 $6 – $7B range GROSS CAPITAL INVESTMENT†6 $24B range Capital Expendi
Slide 12: Q&A
2021 4TH QUARTER EARNINGS Q&A 12 January 26, 2022 / © 2022 AT&T Intellectual Property - AT&T Proprietary
Slide 13: Notes
Notes 1. Global HBO Max and HBO subscribers consist of domestic and international HBO Max and HBO subscribers, and exclude free trials, basic and Cinemax subscribers. Domestic HBO Max and HBO subscribers consist of U.S. accounts with access to HBO Max (including wholesale subscribers that may not ha
Slide 14: AT&T
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