Slide 1: TELUS to Acquire LifeWorks
TELUS to Acquire LifeWorks Analyst / Investor Conference Call June 16, 2022
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements This presentation contains statements about future events and plans at TELUS (the Company) that are forward-looking which include, without limitation, statements relating to the Transaction, available liquidities, the expected timing of, and conditions pr
Slide 3: Today's Participants
Today’s Participants Darren Entwistle President and CEO Doug French Executive Vice President and CFO Stephen Liptrap President and CEO 2
Slide 4: Darren Entwistle
Darren Entwistle President and CEO TELUS
Slide 5: Delivering On Our Health Vision And Transforming Lives
Delivering On Our Health Vision And Transforming Lives TELUS HEALTH TELUS HEALTH VALUE PROPOSITION MOONSHOT our worth our why 1 We value placing control of their health and wellbeing in each person’s hands, providing what is needed for them We enhance care to make their own decisions experiences tha
Slide 6: Need for Employer Provided Accessible Healthcare
Need for Employer Provided Accessible Healthcare Employers are at the Centre of a Material Shift in Health and Wellness Service Delivery in Many Countries Increasing Competition for Employees Significant Return Realized from Investing in Employee Wellbeing and Preventative Care ✔ Effective recruitment
Slide 7: Increased Focus on Mental Health and Wellness
Increased Focus on Mental Health and Wellness Market Opportunity1 Key Drivers Employee Health and wellness offering benefits employers by Assistance increasing engagement, productivity and retention Omni-Channel Programs Mental Health $3 to 5B $5 to 15B Digital capabilities required to compete effectiv
Slide 8: Investment Highlights
Investment Highlights Accelerates TELUS Health’s vision of empowering individuals to live their healthiest lives by unifying 1 the continuum of care through digital-first innovations Leverage the significant benefits of scale and scope as a combined digital-centric organization 2 focused on primary and
Slide 9: Creating a Leading Global Digital Health and Wellness Provider
Creating a Leading Global Digital Health and Wellness Provider Extends beyond primary care with targeted Enhancing access by connecting fragmented health and wellness programs incorporating care experiences counsellors, wellbeing solutions (including mental (EFAP complementary to Virtual Care) healt
Slide 10: Comprehensive Suite of Complementary Services Including Mental Health and Wellness
Comprehensive Suite of Complementary Services Including Mental Health and Wellness Patient / Remote Digital Monitoring Pharmacy Pharmacy / Mental Allied Health Health Provider Solutions Collaborative Virtual Health Record Care (CHR) Health System Health & Integration Wellness Health Benefits Health C
Slide 11: Enhances Growth Prospects and Scale of Combined Platform
Enhances Growth Prospects and Scale of Combined Platform LifeWorks Customer Base (Representative)1 Comprehensive Client Base Pro Forma Geographic Diversification TELUS Health Revenue Mix Accelerates growth of TELUS Health from 22 million to over 50 million lives covered2 1 All trademarks and logos us
Slide 12: Stephen Liptrap
Stephen Liptrap President and CEO LifeWorks
Slide 13: LifeWorks at a Glance
LifeWorks at a Glance Our Values Our Purpose Our Vision We value long-term relationships To optimize the health and Improving lives We treat others the way we want to productivity of people – the heart of Improving business be treated every successful organization We are innovative and entrepreneuri
Slide 14: Significant Value for LifeWorks Shareholders
Significant Value for LifeWorks Shareholders ● Transaction creates meaningful and immediate value – C$33.00 offer price represents a 89% premium to LifeWorks’ weighted average closing share price on the TSX for the 20-day period ending June 14, 2022 – 80% premium to LifeWorks’ closing share price on J
Slide 15: Doug French
Doug French Executive Vice President and CFO TELUS
Slide 16: Key Transaction Details
Key Transaction Details ● Transaction enterprise value of ~C$2.9 billion ● LifeWorks shareholders to receive ~38 million TELUS ● ~C$2.3 billion of total value for LifeWorks shareholders common shares ● Purchase price will be paid 50% in cash and 50% in ● Acquisition to be effected through a plan of a
Slide 17: Financial Overview
Financial Overview Estimated financing structure (C$B) ● Financing Structure Uses – ~C$2.3 billion funding requirement for acquisition of Acquisition of LifeWorks @ C$33.00 per common share $2.3 LifeWorks’ common shares LifeWorks’ Debt $0.6 – Aggregate cash component totaling ~C$1.2 billion Total Use
Slide 18: Next Steps
Next Steps ● File for all regulatory approvals July ● Mailing of proxy circular to LifeWorks shareholders Early August ● LifeWorks shareholder meeting to vote on Plan of Arrangement (no later than August 5, 2022) Q4 2022 ● Closing of the transaction expected to occur on or about Q4 2022 17
Slide 19: Thank you. Questions?
Thank you. Questions? Investor relations 1800-667-4871 telus.com/investors IR@telus.com 18