Earnings release
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TELUS TELUS® News Release May 7 , 2021 TELUS reports operational and financial results for first quarter 2021 Industry - leading customer net additions of 145,000 , reflecting strong demand for our superior connected experiences , innovative product set and premium bundled offerings Industry - leading mobility loading with mobile phone net additions of 31,000 , an increase of 10,000 over the prior year , backed by the best customer experience and world - leading churn , along with 63,000 connected device net additions , up 14,000 over last year Industry - best fixed customer net additions of 51,000 , up 15,000 over the prior year , powered by TELUS PureFibre and world - leading customer loyalty Continued strong momentum in TELUS International combined with impressive annual outlook , reflecting contributions from acquisitions , as well as strong organic customer growth TELUS Health services revenue was up a robust 10 per cent , driven by accelerated demand for virtual care , which has seen Canadian members nearly triple over the past 12 months to 2.0 million , reducing exposure and delivering improved health outcomes First quarter consolidated revenue and EBITDA growth of 8.9 per cent and 1.9 per cent respectively , showcasing continued resilience and strength in execution excellence , in the midst of an unprecedented operating environment Free cash flow updated to approximately $ 750 million , reflecting the strategic acceleration of our broadband network investment program Quarterly dividend increased to $ 0.3162 per share , up 8.6 per cent over the prior year Vancouver , B.C. - TELUS Corporation today released its unaudited results for the first quarter of 2021 . Consolidated operating revenues and other income increased by 8.9 per cent over the same period a year ago to $ 4.0 billion . Earnings before interest , income taxes , depreciation and amortization ( EBITDA ) increased by 3.7 per cent to $ 1.5 billion while Adjusted EBITDA was higher by 1.9 per cent . This growth reflects : i ) higher fixed data service margins resulting from subscriber base growth and expanded services ; ii ) growth in our mobile subscriber base and mobile equipment margins ; iii ) growth from business acquisitions ( net of associated support costs ) ; iv ) an increased contribution from our Digitally - led customer experiences - TELUS International ( DLCX ) segment from business acquisitions and expanded services ; and v ) enhanced cost efficiency programs . This growth was partly offset by the non - recurrence of the comparative period's decrease of a provision related to written put options to acquire the remaining non controlling interest of an acquired subsidiary , the lingering impacts of the COVID - 19 pandemic , lower legacy fixed voice and legacy fixed data services , and higher employee benefits expense . 1