Download TELUS Forward Looking Statement Today`s answers

Morgan Stanley
Morgan Stanley Technology,
Media & Telecom Conference
Robert McFarlane
EVP & Chief Financial Officer
February 28, 2012
TELUS Forward Looking Statement
Today's answers to questions contain statements about expected future events and
financial and operating performance of TELUS that are forward-looking. By their nature,
forward-looking statements require the Company to make assumptions and predictions
and are subject to inherent risks and uncertainties. There is significant risk that the
forward-looking statements will not prove to be accurate. Readers are cautioned not to
place undue reliance on forward-looking statements as a number of factors could cause
actual future performance and events to differ materially from that expressed in the
forward-looking statements. Accordingly our comments are subject to the disclaimer
and qualified by the assumptions (including assumptions for 2012 annual targets and
LTE roll out plan), qualifications and risk factors (including the ability over time to
sustain dividend growth of circa 10% per annum with semi-annual dividend increases to
2013, and CEO three year goals for EPS and free cash flow growth to 2013) referred to
in the Management’s discussion and analysis in the 2010 annual report, and in the 2011
quarterly reports. In addition, there can be no assurance that the proposal for
shareholders to eliminate the Company’s Non-Voting Share class at the May 9, 2012
shareholder meeting, will receive voting approval by both classes of shares, and if not
approved the market price of Non-Voting and Common shares may decline. Except as
required by law, TELUS disclaims any intention or obligation to update or
revise forward-looking statements, and reserves the right to change, at any time at its
sole discretion, its current practice of updating annual targets and guidance.
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Morgan Stanley
Morgan Stanley Technology,
Media & Telecom Conference
Robert McFarlane
EVP & Chief Financial Officer
February 28, 2012