Annual report - About TELUS

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Improving our Financial Position and Investor Relations In 2001, we will seek to complete a major debt refinancing and broaden our investor relations program into the United States, to build upon our recent NYSE listing. The next twelve months will be an exciting, albeit challenging, period for our Company and our team. We are setting the stage for success to become a leader in the North American communications industry. Consider the following: We operate as a full-service telecommunications company within an efficient and streamlined regulatory structure. We have a clear and cogent strategy, the best management team in the industry, the power of shared values, the strength of more than 26,000 highly committed people, and action-oriented priorities. We represent the largest, purest telecommunications investment in Canada and we have the financial strength to pursue our growth strategy. Moreover, we have put in place a customer-facing structure that will help build shareholder value by enhancing our ability to offer a bundle of services to each distinct customer segment. In closing, I want to give a special word of thanks to the entire <strong>TELUS</strong> team for their hard work, dedication and focus on the customer during a year of change and challenge. I also appreciate the support of our shareholders in the last year as we completed two major acquisitions and accelerated our transformation into a growth-oriented company. one team > one brand > one strategy > 12 Cheers, Darren Entwistle Member of the <strong>TELUS</strong> Team February 14, 2001
11 1 6 12 7 2 3 13 14 15 8 9 10 4 5 one 1. Paul Mirabelle 2. Judy Shuttleworth 3. Darren Entwistle 4. Roy Osing 5. Barry Baptie 6. Mark Schnarr 7. John Maduri 8. John Chang 9. Patricia Bowles 10. Dan Delaloye 11. Joe Grech 12. George Cope 13. Robert McFarlane 14. Hugues St-Pierre 15. Jim Peters See pages 88 to 91 for biographies. > 13 < executive leadership team each of incumbents, external appointments and promotions Our new team is comprised of 1/3
Page 1 and 2: “TELUS is on track to lead the Ca
Page 3 and 4: We have a track record of achieving
Page 5 and 6: CASH FLOW 4 ($ millions) 1,487 96 1
Page 7 and 8: Darren Entwistle President & CEO Si
Page 9 and 10: We have restructured the Company to
Page 11 and 12: ° We began running our first telev
Page 13: fresh experience and perspective; a
Page 17 and 18: Starting January 2001, we changed o
Page 19 and 20: 25% > targets 12% 33% > targets 75%
Page 21 and 22: Creating the New TELUS Mobility Bui
Page 23 and 24: subscriber base compared to 1999. T
Page 25 and 26: Developing an Unbeatable Integrated
Page 27 and 28: Internet, we bridge the gap and hel
Page 29 and 30: Building Sustainable Relationships
Page 31 and 32: TELUS Québec is continuing to targ
Page 33 and 34: We’re developing and marketing wh
Page 35 and 36: The acquisition of Clearnet allowed
Page 37 and 38: TELUS Mobility is following a three
Page 39 and 40: Some examples include: ° The TELUS
Page 41 and 42: Three Months Ended (millions) 2000
Page 43 and 44: segmented statistics TELUS Consolid
Page 45 and 46: ° Acquired 70% of QuébecTel for $
Page 47 and 48: TELUS Mobility Expenses TELUS Mobil
Page 49 and 50: 2.14 Cash EPS, normalized to exclud
Page 51 and 52: LIQUIDITY AND CAPITAL RESOURCE RATI
Page 53 and 54: 400 communities over the next 10 ye
Page 55 and 56: OUTLOOK 2001 Telecommunications Ind
Page 57 and 58: RISKS AND UNCERTAINTIES The followi
Page 59 and 60: prices. Accordingly, there can be n
Page 61 and 62: In 2002, the calculation of the con
Page 63 and 64: management’s report Management is
Page 65 and 66:
consolidated balance sheet As At De
Page 67 and 68:
notes to consolidated financial sta
Page 69 and 70:
(g) Income Taxes The Company and it
Page 71 and 72:
° On August 17, 2000, the Company
Page 73 and 74:
10. CAPITAL ASSETS, NET Accumulated
Page 75 and 76:
(millions) Series Rate Maturity 200
Page 77 and 78:
Upon a change of control as defined
Page 79 and 80:
(d) Stock Option Plans The Company
Page 81 and 82:
15. COMMITMENTS AND CONTINGENT LIAB
Page 83 and 84:
The Company’s net benefit plan ex
Page 85 and 86:
The following is a reconciliation o
Page 87 and 88:
(c) Depreciation Under the purchase
Page 89 and 90:
Recently Issued Accounting Standard
Page 91 and 92:
Daniel Delaloye > Executive Vice-Pr
Page 93 and 94:
usiness enablement Patricia Bowles
Page 95 and 96:
3G: Third Generation, describes nex
Page 97 and 98:
Stock Exchanges and Trading Symbols
Page 99 and 100:
Registered Shareholders 2000 1999 T
Page 101 and 102:
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Annual report - About TELUS

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