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2011 targets

Our Goals

TELUS' 2011 financial targets1 reflect growth generated by significant broadband infrastructure investments and are consistent with our national growth strategy focused on wireless and data. For more information and a complete set of 2011 financial targets and assumptions, see Sections 1.4 and 1.5 of Management's discussion and analysis in this report.

Revenues

($ billions)

Revenues

Increase of 1 to 4% largely driven by growth in wireless and wireline data

EPS - BASIC

($)

EPS – BASIC

Increase of 7 to 19%, reflecting expected growth in EBITDA as well as lower financing costs and lower tax rates

EBITDA2

($ billions)

EBITDA

Represents growth of 1 to 6% driven by wireless and data revenue growth supported by continued network investments

Capital expenditures3

($ billions)

Revenues

Continue to enhance wireline and wireless broadband networks and increase Optik TV subscriber loading

  • 1 As a result of TELUS' changeover to International Financial Reporting Standards (IFRS) accounting on January 1, 2011, targets for 2011 are in accordance with IFRS. Unaudited IFRS 2010 comparative results are provided for reference. The results for 2006 to 2009 are in accordance with Canadian generally accepted accounting principles (C-GAAP) and have not been restated in accordance with IFRS.
  • 2 2007 EBITDA excludes $169 million net-cash settlement feature expense for past options.
  • 3 Excludes wireless spectrum costs of $882 million in 2008.

These 2011 targets are qualified in their entirety by the Caution regarding forward-looking statements.