Annual report - About TELUS

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2001 targets (1) > Achieve revenue growth of 17 to 19%, bringing total annual revenues to more than $7.5 billion > Generate earnings before interest, taxes, depreciation and amortization (EBITDA) growth of 11 to 13% to total more than $2.7 billion > Realize $0.93 to $1.00 Cash EPS (2) > Attract 500,000 wireless net additions, a 23% increase in total subscribers to over 2.6 million > Continue to lead the Canadian wireless industry in terms of revenue growth and revenue per subscriber > Hook up 95,000 new high-speed Internet subscribers, to more than double the total to 180,000 > Invest for long-term growth – $2.0 to $2.2 billion in capital expenditures plus $356 million for wireless licenses > Invest in national growth with more than 40% of capital expenditures directed into Central and Eastern Canada > Refinance a significant portion of the $6.25 billion short-term bridge bank facility with midto long-term maturities > Divest non-core assets and operations to realize approximately $900 million to $1 billion (1) These targets should be read in conjunction with the Forward-Looking Statements on page 49 (2) Cash EPS: Common share income before amortization of acquired intangible assets, restructuring and refinancing costs net of tax, revaluation of future tax assets, and goodwill amortization on a per share basis one team > one brand > one strategy > 14 one
Starting January 2001, we changed our company structure to better anticipate and proactively address the needs of our customers right across Canada. The TELUS group of companies is structured as six market-facing, customerfocused business units, which draw their essential support from our Business Capabilities and Business Enablers groups. Our new structure is designed to deliver the right combination of products and services to meet our customers’ needs. > new TELUS Mobility TELUS Communications Consumer Solutions Business Solutions Client Solutions Québec Global Trading & Partner Solutions Business Transformation Enterprise Marketing Technology & Operations TELUS Ventures Communications Corporate Development Finance Human Resources The new TELUS Mobility ° A national facilities-based wireless provider with 2.2 million subscribers and covering a population of 23.7 million. Includes the digital PCS, ESMR (Mike), wireless Internet, cellular and paging services of: TELUS Mobility’s western-based operations; the national operations of former Clearnet; and the Québec-based operations of QuébecTel Mobilité ° Will efficiently develop future-friendly wireless solutions that are easy to sell, buy and use and that deliver clear value to our clients, channels, employees and shareholders The new TELUS Communications ° In cooperation with TELUS Mobility, exploits the convergence of data, IP, voice, and wireless for the benefit of customers through the following business units: Consumer Solutions – provides complete high-speed Internet, voice, and entertainment services to households and individuals in British Columbia and Alberta Business Solutions – delivers innovative data, IP, voice, and advertising services solutions to small and medium-sized national businesses and entrepreneurs Client Solutions – brings customized voice, data/IP, Information Technology (IT) and e-business solutions to multinational large corporate and public sector customers Québec – focuses resources on the unique needs of Québec by offering targeted businesses and consumers comprehensive and integrated wireline telecom solutions, including data, Internet, voice, and directory publishing services – the wireless operations of QuébecTel are now part of TELUS Mobility Global Trading & Partner Solutions – targets needs of wholesale clients, including telecommunications carriers, resellers, Internet service providers, wireless communications companies, competitive local access providers, and cable-TV operators > former > > > TELUS Mobility TELUS Communications DEMAND DRIVERS BUSINESS CAPABILITIES BUSINESS ENABLERS TELUS Mobility Wireless and paging services in British Columbia and Alberta and wireless resale services in Ontario, Manitoba and Saskatchewan, as well as national wireless service provider Clearnet Communications since October 2000, and QuébecTel Mobilité since June, 2000 TELUS Communications Local and long distance voice services in British Columbia and Alberta TELUS Advanced Communications Data, Internet, information management and consulting services in British Columbia and Alberta TELUS Integrated Communications Facilities-based competitor in Central and Eastern Canada providing data and voice services TELUS Advertising Services Directory publishing in British Columbia, Alberta, Ontario and the United States QuébecTel Voice, data, Internet, and directory publishing services in Québec – QuébecTel purchased June 2000 > 15 < TELUS-at-a-glance
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 and 14: fresh experience and perspective; a
Page 15: 11 1 6 12 7 2 3 13 14 15 8 9 10 4 5
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
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(g) Income Taxes The Company and it
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° On August 17, 2000, the Company
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10. CAPITAL ASSETS, NET Accumulated
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(millions) Series Rate Maturity 200
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Upon a change of control as defined
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(d) Stock Option Plans The Company
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15. COMMITMENTS AND CONTINGENT LIAB
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The Company’s net benefit plan ex
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The following is a reconciliation o
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(c) Depreciation Under the purchase
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Recently Issued Accounting Standard
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Daniel Delaloye > Executive Vice-Pr
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usiness enablement Patricia Bowles
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3G: Third Generation, describes nex
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Stock Exchanges and Trading Symbols
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Registered Shareholders 2000 1999 T
Page 101 and 102:
www.telus.com > about TELUS > Inves
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Annual report - About TELUS

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