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Economic results

 

Meeting and exceeding our targets

This section of the report is a summary of TELUS’ key economic, social and environmental performance results for 2011 and 2012 targets. To determine the content of each report, TELUS assesses the CSR materiality of certain aspects of its business, as well as using the pertinent Global Reporting Initiative (GRI-G3) reporting guidelines to help direct its disclosure. The GRI-G3 guidelines provide a baseline for the type of discussion, as well as the volume and type of metrics that can be found within the report. For the second consecutive year, we have received assurance on key indicators and as a result have self-assessed our GRI-G3 compliance level as “A+”.

 
 
 
  • Exceeded Target
  • Met Target
  • Did not meet target
  • Not applicable
Performance measure 2011 target1 2011 results 2012 target2 GRI-G3
Consolidated
Revenues $9.925 to $10.225 billion $10.397 billion $10.7 to $11.0 billion EC1 Core
EBITDA3 $3.675 to 3.875 billion $3.778 billion $3.8 to $4.0 billion -
EPS – basic4 $3.50 to $3.90 $3.76 $3.75 to $4.15 -
Capital expenditures Approx $1.7 billion $1.847 billion Approx. $1.85 billion -
Wireless segment
Revenue (external) $5.2 to $5.35 billion $5.462 billion $5.75 to $5.9 billion EC1 Core
EBITDA3 $2.15 to $2.25 billion $2.186 billion $2.3 to $2.4 billion -
Wireline segment
Revenue (external) $4.725 to $4.875 billion $4.935 billion $4.95 to $5.1 billion EC1 Core
EBITDA3 $1.525 to $1.625 billion $1.592 billion $1.5 to $1.6 billion -
Long-term financial guidelines and policies
Net debt to EBITDA (excluding restructuring costs) 1.5 to 2 times 1.8 times 1.5 to 2 times -
Unutilized liquidity Maintain a minimum of $1 billion $1.28 billion Maintain a minimum of $1 billion -
1

The original 2011 economic targets were announced December 14, 2010.
2

Refer to Caution regarding forward-looking statements summary. The targets were announced on December 16, 2011.is is the second footnote.
3

Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP measure.
4

Excluding any potential capital expenditures for wireless spectrum in 2012.