TELUS CORP

Direct contribution – TTech segment

1 Includes health services and agriculture and consumer goods services.

The direct expenses included in the direct contribution calculations in the preceding tables represent components of the Goods and services purchased and Employee benefits expense totals included in the table below and have been calculated in accordance with the accounting policies used to prepare the totals presented in the financial statements. TTech direct contribution increased by $791 million or 7.4% in 2023.

TTech mobile products and services direct contribution increased by $375 million or 6.3% in 2023, largely reflecting mobile subscriber growth, higher roaming margins associated with increased international travel volumes and higher equipment margins. These were partly offset by the impact of lower base rate plan prices and lower overage revenues as previously discussed in mobile phone ARPU, and higher commissions attributed to increased levels of retail traffic.