TELUS CORP
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 9, 2024
Contents
EX-99.4 · Calculation of Adjusted EBITDA margin
Calculation of Adjusted EBITDA margin
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|---|---|---|---|---|---|---|---|---|
| | | TTech | | DLCX | | Eliminations | | Total |
| Years ended December 31 ($ millions, except margin) | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 |
| Numerator – Adjusted EBITDA | 6,375 | 5,874 | 774 | 769 | — | — | 7,149 | 6,643 |
| Adjusted Operating revenues and other income: | ||||||||
| Operating revenues and other income | 17,205 | 15,752 | 3,682 | 3,214 | (771) | (554) | 20,116 | 18,412 |
| Other equity losses (income) related to real estate joint ventures | 1 | (3) | — | — | — | — | 1 | (3) |
| Denominator – Adjusted Operating revenues and other income | 17,206 | 15,749 | 3,682 | 3,214 | (771) | (554) | 20,117 | 18,409 |
| Adjusted EBITDA margin (%) | 37.1 | 37.3 | 21.0 | 23.9 | n/m | n/m | 35.5 | 36.1 |
EBITDA – excluding restructuring and other costs interest coverage: This measure is defined as EBITDA – excluding restructuring and other costs, divided by Net interest cost, calculated on a 12-month trailing basis. It is similar to the coverage ratio covenant in our credit facilities, as described inSection 7.6 Credit facilities.
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