TELUS (TU) announced that it plans to invest more than $24 billion in Ontario over the next five years to significantly enhance its network infrastructure and operations. The current investment is part of a broader $73 billion initiative across Canada by 2028, aimed at developing infrastructure, improving sustainability, and advancing network technology. Since 2000, the company has invested more than $68 billion in Ontario to build network infrastructure and operations, establishing its 5G and PureFibre net ...

Financial Data and Key Metrics Changes - TELUS achieved resilient EBITDA growth of 4.3% and margin expansion of 170 basis points, reflecting the effectiveness of ongoing efficiency programs [70][36] - Consolidated operating revenues decreased by 1.2% year-over-year, while consolidated net income was down 38% year-over-year, and basic EPS was lower by 40% [36][21] - Free cash flow of $396 million was lower by $139 million primarily due to higher cash restructuring disbursements [37][36] Business Line Data and Key Metrics Changes - TELUS reported record first quarter mobile subscriber growth of 146,000 net additions, including 101,000 connected device net additions, a 74% increase year-over-year [71][74] - TTech operating revenues were up slightly by 0.4%, while adjusted EBITDA increased by 4.1% with an adjusted EBITDA margin expanding by 170 basis points [32][70] - TELUS Health achieved first quarter revenues of $420 million with a 28% EBITDA contribution growth, although revenue growth was noted to be unsatisfactory [16][136] Market Data and Key Metrics Changes - The mobile phone churn rate was 1.13%, which, despite being up against competitive activity, represented an industry-best result [75][5] - Fixed data service revenue grew 2.7% year-over-year, driven by strong customer growth across Internet, Security, and TV [31][36] - ARPU for mobile was reported at $59.31, down year-over-year due to intense promotional market activity [76][29] Company Strategy and Development Direction - TELUS is focused on margin accretive customer growth and enhancing its premium offerings to drive customer loyalty and profitability [3][4] - The company is leveraging its digital transformation to lower costs and improve customer experience, which is expected to support future growth [77][79] - TELUS aims to maintain a strong balance sheet while investing in growth opportunities across its business lines, including health and agriculture [41][40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the competitive environment and macroeconomic challenges but expressed confidence in achieving financial targets for 2024 [24][38] - The company anticipates improvement in TELUS International and TELUS Health in the second half of the year, supported by strong sales bookings and operational efficiencies [40][138] - Management reiterated a commitment to delivering superior value to shareholders through a consistent dividend growth program [21][41] Other Important Information - TELUS announced a 7% dividend increase, reflecting its commitment to delivering superior value to shareholders [21][41] - The company is focused on cross-selling opportunities across its various business lines to enhance revenue growth [141][140] Q&A Session All Questions and Answers Question: Will TTech EBITDA growth pick up in subsequent quarters? - Management confirmed that they expect EBITDA growth for TTech to pick up, although they do not provide specific guidance [85] Question: What is the rationale for the recent changes in ARPU metrics? - Management explained that ARPU is influenced by competitive pressures and promotional activities, and they are focusing on profitability and customer segmentation [45][50] Question: Can you provide more details on the fixed data services revenue growth? - Management indicated that competitive pressure is affecting ARPU, but they are optimistic about growth opportunities through bundling and new product development [111][114] Question: What is the outlook for TELUS Health revenue growth? - Management expressed confidence in steady improvement in revenue growth for TELUS Health, driven by strong sales performance and integration synergies [138][139]

TELUS Corporation (NYSE:TU) Q4 2023 Results Conference Call February 9, 2024 12:30 PM ET Company Participants Robert Mitchell - Head, Investor Relations Darren Entwistle - President and Chief Executive Officer Doug French - Chief Financial Officer Zainul Mawji - President, Consumer Solutions Navin Arora - Executive Vice President and President, Business Solutions Tony Geheran - Chief Operating Officer Jeff Puritt - President and Chief Executive Officer, TELUS International Conference Call Participants Vince ...

Exhibit 99.1 | --- | --- | |-------|---------------------------------------| | | | | | TELUS CORPORATION | | | CONSOLIDATED FINANCIAL STATEMENTS | | | DECEMBER 31, 2023 | report of management on internal control over financial reporting Management of TELUS Corporation (TELUS, or the Company) is responsible for establishing and maintaining adequate internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting. TELUS' President and Chief Exe ...

TELUS Corporation (NYSE:TU) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ET Company Participants Robert Mitchell - Head, Investor Relations Darren Entwistle - President and Chief Executive Officer Zainul Mawji - President, Consumer Solutions Jim Senko - Chief Product Officer Douglas French - Chief Financial Officer Navin Arora - Executive Vice President and President, Business Solutions Tony Geheran - Chief Operating Officer Conference Call Participants Maher Yaghi - Scotiabank Vince Valentini ...

TELUS Corporation (NYSE:TU) Q2 2023 Earnings Conference Call August 4, 2023 12:00 PM ET Conference Call Participants Good day, and welcome to the TELUS 2023 Q2 Earnings Conference Call. Hello everyone. Thanks for joining us today. Our second quarter 2023 results news release, MD&A, financial statements and detailed supplemental investor information were posted to our website this morning. With that, Darren, over to you. The robust performance in our communications technology business continues to be underpi ...

TELUS Corporation (NYSE:TU) Q1 2023 Earnings Conference Call May 4, 2023 1:30 PM ET Company Participants Robert Mitchell - Head, IR Darren Entwistle - President and CEO Zainul Mawji - President, Consumer Solutions Douglas French - CFO John Raines - President, TELUS Agriculture and Consumer Goods Jeff Puritt - President and CEO, TELUS International Conference Call Participants Jerome Dubreuil - Desjardins Maher Yaghi - Scotiabank Drew McReynolds - RBC Vince Valentini - TD Securities Simon Flannery - Morgan S ...

Making a world of difference 2022 ANNUAL REPORT Making the future friendly 1 – 7 Corporate overview Supporting our stakeholders with purpose, 2022 highlights and 2023 targets 8 – 15 Message from our CEO Making a world of difference through our global leadership in social capitalism 16 – 19 ESG at a glance Focusing on environmental, social and governance initiatives to create a sustainable future 20 – 23 Operations at a glance Reviewing the highlights of our reportable segments 24 – 30 Leadership Q&As, and o ...

TELUS Corporation (NYSE:TU) Q4 2022 Earnings Conference Call February 9, 2023 1:00 PM ET Company Participants Robert Mitchell - Head, Investor Relations Darren Entwistle - President and Chief Executive Officer Douglas French - Chief Financial Officer Zainul Mawji - President, Consumer Solutions Navin Arora - President, Business Solutions Jim Senko - Chief Product Officer Tony Geheran - Chief Operating Officer Jeff Puritt - President and Chief Executive Officer, TELUS International John Raines - President, T ...

Exhibit 99.1 | --- | --- | |-------|---------------------------------------| | | | | | TELUS CORPORATION | | | CONSOLIDATED FINANCIAL STATEMENTS | | | DECEMBER 31, 2022 | report of management on internal control over financial reporting Management of TELUS Corporation (TELUS, or the Company) is responsible for establishing and maintaining adequate internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting. TELUS' President and Chief Exe ...