Sunrise Communications Ag Class A · SIX:SUNN
Sunrise Communications Ag Class A — Investor Presentation (September 2017)
17 slides from Sunrise Communications Ag Class A's investor presentation, September 2017
Slide 1: Sunrise Communications Group AG
Sunrise Communications Group AG Investor presentation – September 2017
Slide 2: Sunrise – leading fully integrated challenger in Switzerland
Sunrise – leading fully integrated challenger in Switzerland • Present in the affluent and quality focused Swiss market • Diversified company set-up: • Fully integrated player benefiting from cross-selling and convergence opportunity Fully integrated • Serving residential (70% of revenue), business,
Slide 3: Present in the affluent and quality focused Swiss market
Present in the affluent and quality focused Swiss market Attractive Swiss market Above Ø tariff prices related dynamics Healthy frame conditions to above Ø costs Steady population growth Customers focusing on quality Above average mobile tariff prices 1.2% Mobile basket voice and data 4 (2015, EUR)
Slide 4: Sunrise strategic priorities
Sunrise strategic priorities Connect network score 2016 Max 1000 • Outstanding mobile network with 0.15% dropped call rate (3G), 99.8% LTE population coverage, and 30 Mbit/s average Network experienced download speed across 2-4G 951 933 quality 878 • Capex-light landline access strategy via wholesal
Slide 5: Emerged as best mobile network in DACH area
Emerged as best mobile network in DACH area Recent network investment Achieved best network quality Technically superior spectrum ramp-up finished in DACH region position (160MHz) Capex/revenue 1) Connect score reached in 2016 Sub 1GHz spectrum per million mobile subscriber 2) 8% 11% 14% 17% 15% 11%
Slide 6: Capex light last mile access strategy in landline
Capex light last mile access strategy in landline Max download speed CH household coverage Mbit/s up to 25 LLU ~85% • Fully invested LLU network with above 600 PoPs, supported by 10,800km nationwide backbone up to 100 VDSL 1) 79% • Full access via Swisscom up to 1’000 Fibre 2) 28% • Full access to S
Slide 7: Customer focused investments are paying off
Customer focused investments are paying off Net promoter score (NPS) 1) BILANZ ranking 2017: Category “Support” 2) Q2’13 rebased to 100 160 140 120 4,9 4,4 100 4,2 4,0 80 Q2’13 Q4’13 Q2’14 Q4’14 Q2’15 Q4’15 Q2’16 Q4’16 Q2’17 Sunrise UPC Swisscom Salt • Introduction of Net Promoter Score in 2013 • Nr
Slide 8: Well positioned with multi-brand set-up
Well positioned with multi-brand set-up Follow multi-brand strategy • Differentiate Sunrise brand as the premium challenger through improved quality and brand experience, customer service, as well as relevant • Increase awareness of the and innovative convergent offerings at a non- Sunrise brand via
Slide 9: Tower transaction successfully closed
Tower transaction successfully closed Closing and deleveraging in August Normalised annual eFCF impact (CHFm) 2) • Transaction closed on 3 August 2017; deconsolidation of passive infrastructure as of -35 10 1 closing 11 • IFRS book gain of around CHF430m, strengthening shareholders' equity • Reducti
Slide 10: Strong eFCF supporting attractive dividends
Strong eFCF supporting attractive dividends Equity Free Cash Flow (CHFm) 230 Not guided • Revised dividend policy following tower 81 transaction with increased pay-out ratio: Guiding 153 for CHF 3.90-4.10 dividend per share for FY’17 18 Remaining eFCF Dividend • 2016 eFCF improvement YoY driven by C
Slide 11: Financial outlook 2017
Financial outlook 2017 Revenue (excl. MTR) heading toward stabilization • Cont’d mobile postpaid, internet, and TV momentum driven by Sunrise ONE, ‘Connect’ test win and improved NPS Guidance 2017 CHFm • MTR changes to negatively impact revenue, while largely neutral on gross profit level– as announ
Slide 12: Appendix
Thank you for your interest in Sunrise Appendix 12
Slide 13: Connect network test 2016
Connect network test 2016 Strongest improvement since 2011 Total Connect score 2016 Max 1000 % reached of max 100 Sunrise 951 Sunrise 933 Swisscom Swisscom 90 Salt Salt 878 80 70 Mobile Voice sub category 60 Max 400 2011 2012 2013 2014 2015 2016 Sunrise 390 Swisscom 380 • Sunrise new Nr. 1 in terms
Slide 14: Sunrise with leading mobile network quality in Europe
Sunrise with leading mobile network quality in Europe Mobile network quality across EU countries in 2016 1) Max 1000 Pt. Sunrise; CH 953 Swisscom; CH 930 A1; AT 923 H3G; AT 919 Telekom; DE 912 Telia Sonera; SE 884 TMA; AT 882 Salt; CH 877 Vodafone; DE 872 Vodafone; ES 865 Telstra; AU 864 Telenor; SE
Slide 15: Leading BILANZ telecom ranking 2017 (1/2)
Leading BILANZ telecom ranking 2017 (1/2) Mobile 1) Points reached (max 30) Sunrise 23 Swisscom 20 Salt 19 Internet 1) • Sunrise again with best results of «big Sunrise 23 providers» in residential market Swisscom 21 • 9k telecom users participated in independent annual survey published by UPC 21 ma
Slide 16: Leading BILANZ telecom ranking 2017 (2/2)
Leading BILANZ telecom ranking 2017 (2/2) Mobile experience Full service experience (4P) Quality Mobile 5 23 Support Innovation 3 Landline 17 Internet voice Flexibility Price TV Sunrise Swisscom Salt Sunrise Swisscom UPC • Rated were quality, innovation, price, flexibility and support on a scale fro
Slide 17: Disclaimer
Disclaimer This document and any materials distributed in connection herewith (including any oral statements) (together, the “Presentation”) do not constitute or form a part of, and should not be construed as, an offer for sale or subscription of or solicitation of any offer to purchase or subscribe
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