darren entwistle member of the telus team communacopia xiii conference october 5, 2004
DESCRIPTION
3 Voice focused balanced growth $5.7B 43% 18% 10% 6% Other 12ME Q2, 2004 $7.3B Local Voice Wireless Data 29% 35% 19% 4% Other LD Wireless 12ME Q2, 2000 Local Voice 23% Data 13% LD TELUS Communications TELUS Communications TELUS Mobility TELUS Mobility consolidated revenue profile evolution 28% 54% } }TRANSCRIPT
Darren EntwistleMember of the TELUS Team
Communacopia XIII ConferenceOctober 5, 2004
2
This presentation and answers to questions contain forward-looking statements about expected future events and financial and operating results that are subject to risks and uncertainties. TELUS’ actual results, performance, or achievement could differ materially from those expressed or implied by such statements. For additional information on potential risk factors including those associated with the potential completion of the Microcell bid, see TELUS’ Annual Information Form, the Offers to Purchase and Circular, and other filings with securities commissions in Canada and the United States.
TELUS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
All dollars in C$ unless otherwise specified.
forward-looking statement
3 Voice focused balanced growth
$5.7B
43%
18%
10%6%
Other
12ME Q2, 2004
$7.3B
Local Voice
Wireless
Data29%
35%
19%4%
Other
LD
Wireless
12ME Q2, 2000
Local Voice
23%
Data
13%LD
TELUSCommunications
TELUSCommunications
TELUSMobility
TELUSMobility
consolidated revenue profile evolution
28% 54%
} }
4
As at August 4, 2004
Note: TELUS data based on 2003 results & mid-point of 2004 guidance Other estimates provided by Bloomberg, company and analyst reports
projected EBITDA % growth rates
75 4 4
2 2
(4)(6) (7)
(30)
0.10.51
5
(0.2)(2) (2)TELUS FT DT BCE Sprint Telstra BT VZ Aliant KPN
Nippon PCCW SBC Telia MTS BLS AT&T
2004E global telecom performance
5
As at August 4, 2004
Note: TELUS data based on 2003 results & mid-point of 2004 guidance Other estimates provided by Bloomberg, company and analyst reports
10 10
65 4
1
(4) (5) (5)
(9)
(17)
(25)
(0.6)(2)(1)(0.5)
9
TELUS Sprint Aliant BCE VZ FT Telstra
SBC Nippon DT Telia PCCW BT BLS KPN MTS AT&T
projected Cash Flow (EBITDA - Capex) % growth rates
2004E global telecom performance
6
long-term value growth
Regulatory Pressure
Competitive Intensity
Technology Substitution + +Digital
HomeNon-ILEC Growth
Organization Effective-
ness+ +
Tip the scales and hold EBITDA flat for the wireline business
=Growth in revenues and EBITDA from the wireless business
Continued improvements in revenues and EBITDA for TELUS
≥
investor considerations
7
Sustaining leading financial performance Beneficial shift in mix of revenue, earnings and cash
flow Sustainable wireless industry growth Initiatives to address wireline revenue softness Track record of increasing cash flow and financial
strength Continue to balance interests of equity and debt
holders
TELUS is a pure play telecom operating company with strong growth profile
investor considerations
questions?
