At&t Inc. · NYSE:T
At&t — Q2 2017 Earnings Presentation
9 slides from At&t's earnings presentation, Jul 25, 2017
Slide 1: 2nd Quarter Earnings
2nd Quarter Earnings AT&T Investor Update July 25, 2017 © 2017 AT&T Intellectual Property. All rights reserved. AT&T, Globe logo, Mobilizing Your World and DIRECTV are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the prop
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
Slide 3: Financial Summary
Financial Summary $ in billions, except EPS 2Q17 Year-to-Date Revenues Adjusted EPS Cash from Ops Revenues Adjusted EPS Cash from Ops Adj. OI Margin Capex Adj. OI Margin Capex Free Cash Flow Free Cash Flow $81.1 $79.2 $1.53 $40.5 $0.79 $1.43 $18.2 $18.2 $39.8 $0.72 $10.3 $8.9 $5.5 $5.2 $10.1 $11.2 2
Slide 4: 2Q17 Operational Results
2Q17 Operational Results $ in billions AT&T Mobility Record EBITDA margins Revenues EBITDA Margin • Best-ever EBITDA margin of 41.8% and wireless service margin of 50.4% • Low upgrade rate; service revenue down year over year $17.9 $17.5 Best-ever postpaid phone churn of 0.79%; total postpaid 1.01%
Slide 5: AT&T + DIRECTV: Two Years Later
AT&T + DIRECTV: Two Years Later Bundling Success In millions Wireless Subs with TV TV Subs with Wireless Plans TV Subs with IP Broadband 19.8 31% 6.4 8.5 10% 18% 7.8 15.1 5.4 Close 2Q17 Close 2Q17 Close 2Q17 Churn Benefits Merger Update Postpaid Phone Churn since DTV Close YR1 YR2 • Bundling success
Slide 6: 2Q17 Operational Results
2Q17 Operational Results $ in billions Business Solutions Wireline pressure from legacy services and equipment sales Revenues EBITDA Margin • Gains in strategic business services $17.6 $17.1 Strong margin gains, with EBITDA growing to $6.8 billion • Growth in wireless and wireline margins • Continue
Slide 7: Business Update
Business Update Time Warner • Expect to close by year-end • Ample liquidity and financing secured to close • Merger planning process approaching completion Technology and Infrastructure • AT&T’s network covers more than 99% of Americans • 5G Evolution underway in Austin and • Nearly 70,000 existing
Slide 8: FirstNet: 5 States Kickoff Opt-in Period
Opt-in Process • State plans delivered • 5 states have already opted in Network Infrastructure 5 States Kickoff • AT&T’s existing LTE network immediately available Opt-in Period Arkansas, Kentucky, Iowa, Virginia • Providing priority access and quality of service & Wyoming • FirstNet and AT&T kick-o
Slide 9: Q&A
Q&A © 2017 AT&T Intellectual Property. All rights reserved. AT&T, Globe logo, Mobilizing Your World 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. AT&T Proprietary (I