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TELUS 
annual report
FAQs
FAQ #6
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FAQ number: 1 2 3 4 5 6 7 8 9 As a growth company, TELUS has talked about generating annual revenue and EBITDA growth in excess of 10% over the next three years. Why, then, is the company expecting 4 to 6% revenue growth and flat EBITDA growth in 2002? TELUS’ revenue and EBITDA are expected to be significantly impacted by the effect of the CRTC regulatory decision on contribution in 2002 (see risks and uncertainties). This development, which was arguably outside of the company’s control, is estimated to negatively impact 2002 revenues by approximately $390 million and 2002 EBITDA by approximately $230 million unless our current appeal is successful. If one normalizes or excludes the impact of the contribution decision, TELUS’ revenue target for 2002 would represent 10 to 11% growth while our 2002 EBITDA target would represent 7 to 9% growth. Excluding the negative impact of the contribution decision, on a three-year basis, TELUS expects underlying revenue and EBITDA to grow at a CAGR of more than 10% per annum from 2001 to 2004. |
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