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BCE's 2022 financial guidance

The information included on this page represents our financial guidance targets for 2022.

Please read our caution concerning forward-looking statements when using this information.


For additional details and explanations, please see BCE’s news release dated August 4, 2022.

2022 Guidance (1)
Revenue growth 1% to 5%
Adjusted EBITDA growth (2) 2% to 5%
Capital intensity (3) 21%
Adjusted EPS growth (4) 2% to 7%
Free cash flow growth (5) 2% to 10%

2021 Financial highlights

($ millions except per share amounts) (unaudited) 2021 2020 % change
BCE
     
Operating revenues
23,449 22,883 2.5%
Net earnings
2,892 2,699 7.2%
Net earnings attributable to common shareholders
2,709 2,498 8.4%
Adjusted net earnings (4)
2,895 2,730 6.0%
Adjusted EBITDA (2)
9,893 9,607 3.0%
Net earnings per common share (EPS)
2.99 2.76 8.3%
Adjusted EPS (4)
3.19 3.02 5.6%
Cash flows from operating activities
8,008 7,754 3.3%
Capital expenditures
(4,852) (4,202) (15.5%)
Free cash flow (5)
2,980 3,348 (11.0%)