AT&T Inc. · NYSE:T

AT&T — Q3 2020 Earnings Presentation

11 slides from AT&T's earnings presentation, Oct 22, 2020

  1. Slide 1: AT&T Investor Update 3rd Quarter Earnings

    AT&T Investor Update 3rd Quarter Earnings October 22, 2020 © 2020 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.

  2. 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

  3. Slide 3: Focused on market-based priorities

    Focused on market-based priorities • 5G wireless and fiber-based connectivity • Expanding reach of software-based entertainment platforms • Relentless commitment to customer experience Business Being effective and efficient in everything we do • Transformation efforts ramping Priorities • Improving

  4. Slide 4: 3Q20 Results

    3Q20 Results © 2020 AT&T Intellectual Property.

  5. Slide 5: 3Q20 – Progress Towards Business Priorities

    3Q20 – Progress Towards Business Priorities Executing market focus strategy – strong connectivity results • Strong 3Q20 subscriber growth in wireless and fiber broadband • 1.1 million postpaid net adds, including 645K postpaid voice • 357K fiber net adds; 158K total broadband net adds • Total HBO an

  6. Slide 6: 3Q20 – Progress Towards Business Priorities

    3Q20 – Progress Towards Business Priorities Broadband Connectivity Software-based Entertainment Postpaid Phone Subscribers Net Adds Domestic HBO and $12 HBO Max Subscribers millions millions 62.8 63.0 63.1 62.9 63.5 38.0* 645K* 34.6 36.3 33.1 0.95% 0.69% * 101K HBO Max launched at end of May ‘20 3Q1

  7. Slide 7: 3Q20 Financial Summary

    3Q20 Financial Summary $ in billions, except EPS 3Q20 Adjusted EPS Revenues Cash from Ops Adj. OI Margin CAPEX Free Cash Flow Adjusted EPS of $0.76 • COVID impacts of ($0.21) with ($0.02) from incremental cost and $0.94 $44.6 $42.3 $12.1 ($0.19) of estimated revenue-related impacts $0.76 $11.4 $3.9

  8. Slide 8: 3Q20 AT&T Communications Segment

    3Q20 AT&T Communications Segment $ in billions REVENUES EBITDA EBITDA MARGIN Mobility $17.7 $17.9 Strong wireless performance driven by network quality, FirstNet benefits and bundling • Strong subscriber growth with low churn across postpaid and prepaid $7.8 $7.7 • COVID impact to service revenues o

  9. Slide 9: 3Q20 WarnerMedia and Latin America Segments

    3Q20 WarnerMedia Segment $ in billions REVENUES EBITDA EBITDA MARGIN WarnerMedia Results significantly impacted by COVID headwinds • Estimated ($1.6B) revenue and ($1.1B) EBITDA impact due to COVID $8.4 $7.5 • Higher advertising revenues and costs from sports shifting into 3Q20 $3.0 $1.9 HBO Max inv

  10. Slide 10: Capital Allocation and Liquidity Update

    Capital Allocation and Liquidity Update – Debt management and non-core asset monetization 2018 – 2020 Net Debt Strong cash flows support debt reduction and dividend payout ratio $180B • 3Q20 free cash flow of $8.3B; YTD free cash flow of $19.8B $171B 3.0x $151B $149B • Net debt at $149B, down from $

  11. Slide 11: Q&A

    Q&A © 2020 AT&T Intellectual Property.

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