Q1 2025 Earnings Results May 1, 2025 This presentation and the accompanying conference call also contain operating metrics, including Active Customer Accounts and Dollar-Based Net Expansion Rate. We rely on assumptions to calculate these metrics, they are calculated using internal company data that has not been independently verified, and they are not based on any standardized industry methodology. More information about these operating metrics can be found in the Appendix. This presentation and the accompa ...

Core Insights - TELUS Corporation is launching the first Sovereign AI Factories in Rimouski, Quebec, and Kamloops, British Columbia, to enhance Canada's AI infrastructure and digital economy [1][6] - The facilities will utilize NVIDIA's advanced supercomputers and are expected to begin operations in summer 2024 [2] - The initiative aligns with the Pan-Canadian AI Strategy, focusing on secure and sustainable AI innovation [1][6] Group 1: Sovereign AI Factories - The Sovereign AI Factories will build on TELUS' legacy of regional innovation and support for startups, public institutions, and enterprises [3] - These facilities will ensure trusted data processing for critical sectors like healthcare and finance, powered by 99% renewable energy [4] - The innovative cooling systems will reduce water usage by over 75%, saving 17 million liters annually and cutting carbon emissions by more than 300 tons [4] Group 2: Strategic Placement and Partnerships - By establishing AI hubs in both eastern and western Canada, TELUS aims to democratize access to advanced computing and reinforce Canada's technological leadership [5] - The AI Factories will complement TELUS' Fuel iX platform, which offers secure generative AI solutions [5] Group 3: Investment and Growth - TELUS is investing $73 billion across Canada by 2028 to foster socio-economic growth, with significant allocations for Ontario, Alberta, and British Columbia [7] - The company achieved a milestone by becoming the first to receive international certification in Privacy by Design for its generative AI customer support tool [7] Group 4: Stock Performance - TELUS currently holds a Zacks Rank 3 (Hold) and has seen a 5% increase in share price over the past three months, contrasting with a 4.2% decline in the industry [8]

Core Viewpoint - The current market downturn presents opportunities for investors to acquire shares of strong companies like Netflix and Meta Platforms, especially if a full-blown market sell-off occurs. Group 1: Netflix - Netflix has shown significant growth, with Q4 revenue increasing by 16% year over year to $10.2 billion and earnings per share (EPS) more than doubling to $4.27 [4] - The company ended 2024 with 301.63 million paid subscriptions, a 16% increase from the previous year, enhancing its network effect and data utilization for content strategy [7] - Despite a high forward price-to-earnings (P/E) ratio of 34.8 compared to the industry average of 19.4, Netflix's strong performance and growth prospects make it an attractive option, particularly during a market downturn [5][6] Group 2: Meta Platforms - Meta Platforms has experienced robust growth, with Q4 revenue rising by 21% year over year to $48.4 billion and EPS increasing by 50% to $8.02 [10] - The company has 3.35 billion daily active users, a 5% increase year over year, and is enhancing user engagement through initiatives like Meta AI and Threads [11] - Meta's forward P/E ratio of 23.5 is considered fair, and its core advertising business remains strong, making its shares potentially attractive during a market downturn [13][14]