SPRINT

• Fiscal year 2016 net operating revenues of $ 33.3bn grew for the first time in three years , including fiscal fourth-quarter net operating revenues of $ 8.5bn , which grew 6 % year-over-year .

• Fiscal year 2016 operating income of $ 1.8bn and Adjusted EBITDA of nearly $ 10bn . o Highest operating income in 10 years and highest Adjusted

EBITDA in nine years ( 22 % growth year-over-year ). o $ 2.1bn of year-over-year reductions in cost of service and selling , general , andadministrative expenses in fiscal year 2016 . o Fiscal fourth quarter operating income of $ 470mn and Adjusted EBITDA of $ 2.7bn .

• Fiscal year 2016 net cash provided by operating activities of $ 4.2bn and adjusted free cash flow of $ 607mn .

internal processes of procurement , how we drive efficiency and the like . But when it comes to the precise savings , I can just look at our annual report and see operating expenses going down by a billion to $ 2bn every year , so there is no doubt that the job is being done ! Procurement is just one component of this transformation . I do not by any means try to say we are driving all of those savings . Clearly a lot of savings are being generated at the company level , and we can happily point to those efforts and say we are a part of that .”

Legaz says procurement has become an integral part of the decision-making process , a truly strategic function , embedded in the company to help balance its needs and expenses . That said , and despite his humility , in just over a year he has made identifiable and measurable improvements .

44 September 2017