AT&T Investor Day Presentation Deck
Free Cash Flow Walk - 2021 to 2022
2022 Adj. EBITDA* organic growth drivers:
Mobility growth from growing subscriber base and stable ARPU and ramping MVNO volumes
Consumer Wireline growth with accelerating broadband revenue growth from Fiber
Business Wireline trend improvement
~$1B in incremental transformation savings
~$1B in cash interest and other working capital savings
●
●
●
Free cash flow* is defined as cash from operations and cash distributions from DIRECTV
(classified as investing activities) minus capital expenditures and cash paid for vendor financing.
*See appendix for further information on Non-GAAP measures and Pro Forma results.
Ⓒ2022 AT&T Intellectual Property. AT&T and globe logo 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&TView entire presentation