Swisscom Ag · SIX:SCMN
Swisscom — Swisscom Ag Ittigen R/Shs — FY 2024 Earnings Presentation
78 slides from Swisscom's earnings presentation, Feb 13, 2025
Slide 1: FY 2024 results
FY 2024 results Strong today, stronger tomorrow Analyst and investor presentation 13 February 2025
Slide 2: Financial communication in 2025
Explanatory remarks Financial communication in 2025 Closing FY 2024 Analyst Analyst Q1 2025 Vodafone Italia analyst estimates consensus results transaction presentation request release presentation Estimates collection Quiet period 31 Dec 2024 13 Feb 2025 21 Mar 2025 8 Apr 2025 8 May 2025 • Updated
Slide 3: Agenda
Agenda Summary 2024 Solid 2024 Christoph Aeschlimann, CEO Swisscom Group strategy Strong today, stronger tomorrow Christoph Aeschlimann, CEO Swisscom Business review Switzerland Cement #1 position in Switzerland Christoph Aeschlimann, CEO Swisscom Business review Italy Build #1 customer choice in It
Slide 4: Solid 2024
Summary 2024 Solid 2024 Christoph Aeschlimann CEO Swisscom 4
Slide 5: Commercially solid and an industry-transforming transaction in Italy
Highlights 2024 Commercially solid and an industry-transforming transaction in Italy Leading customer experience Remarkable commercial momentum Winner of all service and network tests, 2nd best mobile performer, NPS improvement, NPS leadership and new loyalty programme strengthened IT and wholesale
Slide 6: Solid subscriber footprint in Switzerland, and growing in Italy
Highlights 2024 Solid subscriber footprint in Switzerland, and growing in Italy RGUs in k Net adds in k Net adds in k RGUs in k market share 1 (YOY) market share 1 (YOY) +43 +113 +114 +35 +102 +92 5'460 +110 +10 +22 +421 3’930 53% (-1.0pp) 5% (+0.2pp) YTD Q1 Q2 Q3 Q4 YTD Postpaid Q1 Q2 Q3 Q4 Mobile
Slide 7: Financially solid, and in line with updated guidance
Highlights 2024 Financially solid, and in line with updated guidance Solid financial Revenue EBITDA CAPEX FCF Net income performance, in CHF mn in CHF mn in CHF mn in CHF mn in CHF mn adjusted for closing- with robust FCF reported related cost1 generation 11'036 4'355 4'552 2'312 1'437 1'541 -5.8% -
Slide 8: Strong today, stronger tomorrow
Group strategy Strong today, stronger tomorrow Christoph Aeschlimann CEO Swisscom 8
Slide 9: Supportive industry trends leveraging new opportunities and growth
Trends § Supportive industry trends leveraging new opportunities and growth Opportunities • Driving scale and Rapid innovation cycles In-market consolidation in EU Telco e.g., (Gen) AI, digital identity/trust, robotics, e.g., Italy, UK potential for convergence LEO satellites • Increasing efficiency
Slide 10: Strong today, stronger tomorrow, with a strengthened profile in Italy
Swisscom horizon Strong today, stronger tomorrow, with a strengthened profile in Italy • Proven strategy • Champion in commercial excellence Strong Strengths • Force in NextGen networks today for long-term • Powerhouse in innovation success • Leading in AI adoption • Pioneer in sustainability The ne
Slide 11: Proven group strategy to empower the digital future as Innovators of Trust
Strengths for long-term success Proven group strategy to empower the digital future as Innovators of Trust Presentation focus Delight Innovate Achieve more Perform customers for growth with less together Create unique Deliver digital Drive transformation Develop ourselves customer products and at pa
Slide 12: A champion in commercial excellence
Strengths for long-term success A champion in commercial excellence as leader in digital life and digital business Swisscom's key differentiators … … enable exceptional commercial achievements Strong value focus Best Leading NPS and execution Record-low market churn rates position Growing Best-in-cl
Slide 13: Force in NextGen networks as foundation for digital Switzerland and Italy
Strengths for long-term success Force in NextGen networks as foundation for digital Switzerland and Italy Continuous investments in performing networks and superior customer experience ~90% ~90% ~65% 75-80% 55% 50% ~57% 46% 52% 40% Extend 15% 19% 40% FTTH 2024 2025 2030 coverage1 2024 2025 2030 2035
Slide 14: A powerhouse in innovation providing customers with future-ready services
Strengths for long-term success A powerhouse in innovation providing customers with future-ready services NextGen connectivity Entertainment Development of state-of the-art connectivity offering #1 with strong premium content, converging Telco, security & value-added services innovative streaming &
Slide 15: Leading in AI adoption in Switzerland and Italy
Strengths for long-term success Leading in AI adoption in Switzerland and Italy AI one-stop shop Business cases Internal excellence incl. 3rd party offerings 1st NVIDIA SuperPODs AI Professional (Gen) AI- in Switzerland and Italy Services driven bots SAM Consulting CHIARA Sovereign infrastructure AI
Slide 16: A pioneer in sustainability with more than 25 years of ESG commitment
Strengths for long-term success A pioneer in sustainability with more than 25 years of ESG commitment Our strategy in Switzerland Our achievements CDP Sustainalytics Climate change rating ESG risk rating Our commitment Our commitment Our commitment A Rating Industry Top-rated for the planet for our
Slide 17: An industry-transforming transaction in the Italian market
The new Swisscom chapter An industry-transforming transaction in the Italian market Acquisition of EUR 8.0bn Best-in-class 100% Vodafone Italia (EV) connectivity and services for consumers Scale Convergence Infrastructure Compelling Digital strategic backbone for rationale businesses Benefits for cu
Slide 18: Swisscom with strengthened profile as #1 in Switzerland and #2 in Italy
The new Swisscom chapter Swisscom with strengthened profile as #1 in Switzerland and sizeable #2 in Italy Revenue 2024 Revenue share Market share4 FTEs reported1 and preliminary pro forma2, excl. Other in RGUs in k in CHF bn ~1.4x Telco revenue IT 15.3 14% B2B B2C B2C 26% 45% 44% 0.4 58% 42% 7 B2B 1
Slide 19: Roadmap 2025 to drive long-term value creation
Strategic priorities 2025 Roadmap 2025 to drive long-term value creation Cement Build #1 position #1 customer choice in Switzerland in Italy Manage Integrate Vodafone Italia Telco top line 1 1 and capture synergy potential Execute Telco cost Stabilise B2C Telco top line transformation 2 2 and grow b
Slide 20: Cement #1 position in Switzerland
Business review Switzerland Cement #1 position in Switzerland Christoph Aeschlimann CEO Swisscom 20
Slide 21: Successful 2024 building a strong foundation for the future
Achievements 2024 Successful 2024 building a strong foundation for the future Delight Innovate Achieve more customers for growth with less • Winner of all service tests • Digital frontrunner • Entertainment • New (Gen)AI-driven hub extension chat bot • Digital assistance • New loyalty in shops • New
Slide 22: B2C Telco: ARPU stimulation through effective value management
Strategic priorities 2025 | 1. Manage Telco top line B2C Telco: ARPU stimulation through effective value management Achievements 2024 Focus 2025+ Market shares NPS development Successful ARPU stimulation (in % of Telco service revenue2) 21 (2022-2024, Ø p.a.3) Increase customer value across 57 57 17
Slide 23: B2C Telco: RGU stabilisation with multi-brand play and commercial excellence
Strategic priorities 2025 | 1. Manage Telco top line B2C Telco: RGU stabilisation with multi-brand play and commercial excellence Achievements 2024 Focus 2025+ RGU base in k (YOY) Churn rates (YOY) Sales push across all customer Expand inflow momentum touchpoints Postpaid 8.2% on 1st brand with new
Slide 24: B2C Telco: integrated, innovative ecosystem for enriched customer experience
Strategic priorities 2025 | 1. Manage Telco top line B2C Telco: integrated, innovative ecosystem for enriched customer experience Achievements 2024 Focus 2025+ Best Swiss entertainment Expand leading position in proposition further evolved entertainment through scaling • Best aggregator strategy rei
Slide 25: B2B Telco: providing best-in-class propositions and customer services
Strategic priorities 2025 | 1. Manage Telco top line B2B Telco: providing best-in-class propositions and customer services Achievements 2024 Focus 2025+ RGU base in k (YOY) ARPUs New mobile offerings (in CHF) Improve competitiveness and 47 well perceived -14 Voice customer loyalty through attractive
Slide 26: Wholesale Telco: grow revenue through trust and technological excellence
Strategic priorities 2025 | 1. Manage Telco top line Wholesale Telco: grow revenue through trust and technological excellence Achievements 2024 Focus 2025+ #1 partner for wholesale services Wholesale services with underlying growth trend Wholesale services revenue, CHF mn Grow access services revenu
Slide 27: Telco cost: drive cost efficiency in sales and service
Strategic priorities 2025 | 2. Execute Telco cost transformation Telco cost: drive cost efficiency in sales and service Achievements 2024 Focus 2025+ Digital push - B2C Drive efficiencies and improve Commercial excellence at next indexed, YOY level thanks to AI and digitization experience with AI th
Slide 28: Network and IT cost: drive efficiency through network and IT transformation
Strategic priorities 2025 | 2. Execute Telco cost transformation Network and IT cost: drive efficiency through network and IT transformation Achievements 2024 Focus 2025+ Timeline of cooper phase-out with CHF c. 100mn cost savings/year by 2035 Accelerated FTTH rollout 2'000k Boost FTTH migration and
Slide 29: B2B IT: leading position to capture market growth in IT
Strategic priorities 2025 | 3. Achieve profitable IT growth B2B IT: leading position to capture market growth in IT Achievements 2024 Focus 2025+ Strengthened position in the B2B IT service revenue1 Growth drivers Swiss IT landscape in CHF mn 2024 Commercialise cloud and security +3.2% offerings by
Slide 30: B2B IT: transform operating model to improve IT profitability
Strategic priorities 2025 | 3. Achieve profitable IT growth B2B IT: transform operating model to improve IT profitability Achievements 2024 Focus 2025+ New target operating model announced SAP Transform operating model including efficiencies from • Achieve consistent market orientation Security Clou
Slide 31: Cement #1 position in Switzerland
Wrap-up Cement #1 position in Switzerland • Manage Telco top line Delight customers with enhanced connectivity experiences and capture growth opportunities beyond core Stable free cashflows • Optimise Telco cost base Execute Telco cost transformation with AI, digitalisation and simplification, and r
Slide 32: Build #1 customer choice in Italy
Business review Italy Build #1 customer choice in Italy Walter Renna CEO Fastweb + Vodafone 32
Slide 33: Another extraordinary year for Fastweb with the transaction as key highlight
Achievements 2024 Another extraordinary year for Fastweb with the transaction as key highlight Delight Innovate Achieve more customers for growth with less • Best MNP1 in H2 2024 and • Successful launch • Sale of 4.5% FiberCop stake best Ookla Speed Score Fastweb Energia at attractive terms3, servin
Slide 34: A unique opportunity to build #1 customer choice in Italy
Strategic priorities 2025 | 1. Integrate Vodafone Italia and capture synergy potential A unique opportunity to build #1 customer choice in Italy Market positioning Customer segments Innovation Assets • VAS: insurance, security • Best-in-class fixed network • Strong DNA in fixed and • Active in all c
Slide 35: Complementary combination with scale and leading positioning
Strategic priorities 2025 | 1. Integrate Vodafone Italia and capture synergy potential Complementary combination with scale and leading positioning Key financials 2024 Fastweb + Vodafone positioning offerings Fastweb FMC+ Vodafone Italia preliminary pro forma1, preliminary pro forma2, EUR bn EUR bn
Slide 36: Successful closing and efficient 'coming together' campaign
Strategic priorities 2025 | 1. Integrate Vodafone Italia and capture synergy potential Successful closing and efficient 'coming together' campaign Deal milestones Day 1 communication campaign 15 March 24 Transaction announcement For the market • New era 17 May 24 Golden power approval for Fastweb +
Slide 37: Synergy and integration cost confirmed
Strategic priorities 2025 | 1. Integrate Vodafone Italia and capture synergy potential Synergy and integration cost confirmed Highly tangible synergies of EUR ~600mn p.a. by YE 20291 Clear synergy realisation path1 Type of synergies Run-rate Key drivers CAPEX 100% (EUR mn) Indirect costs ~90% ~10% D
Slide 38: Robust integration plan in execution
Strategic priorities 2025 | 1. Integrate Vodafone Italia and capture synergy potential Robust integration plan in execution 2025-2027 integration plan to capture major share of synergy potential ~70% ~40% Indirect costs (% of total run-rate) ~10% Direct costs (% of total run-rate) 2025 2026 2027 • 1
Slide 39: B2C W+ Telco and Energy: stabilise core connectivity and scale up energy
Strategic priorities 2025 | 2. Stabilise B2C Telco top line and grow beyond core B2C W+ Telco and Energy: stabilise core connectivity and scale up energy Achievements 2024 Focus 2025+ High-quality approach in Telco RGUs2 in k (Y OY) Broadband UBB3 • Value differentiation through product Strengthen q
Slide 40: B2C W- Telco: deliver best mobile experience and FMC benefits
Strategic priorities 2025 | 2. Stabilise B2C Telco top line and grow beyond core B2C W- Telco: deliver best mobile experience and FMC benefits Achievements 2024 Focus 2025+ Growing mobile subs base RGUs2 Mobile in k (Y OY) FMC3 Reinforce superior service quality • +421k new mobile subs in 2024: leve
Slide 41: B2B Telco and IT: continue success story in ICT and VAS
Strategic priorities 2025 | 3. Scale up B2B IT and Wholesale B2B Telco and IT: continue success story in ICT and VAS Achievements 2024 Focus 2025+ Top line growth in Telco and IT B2B revenue2 in EUR mn (YOY) Market share3 • Superior connectivity quality leveraging 1’249 Manage Telco revenue streams
Slide 42: Wholesale: 360° best-in-class both in fixed and mobile
Strategic priorities 2025 | 3. Scale up B2B IT and Wholesale Wholesale: 360° best-in-class both in fixed and mobile Achievements 2024 Focus 2025+ >900k sold UBB lines Wholesale revenue UBB lines in EUR mn in k • +257k new UBB lines (+40% YOY), Sustain UBB growth +16% +40% leveraging top-tier clients
Slide 43: Build #1 customer choice in Italy
Wrap-up Build #1 customer choice in Italy • Integrate two large companies successfully Form a joint high-performance organisation and shape a winning operating model based on two strong value sets Growing free cashflows and cultures • Fully capture synergy potential Confirmed run-rate synergies of E
Slide 44: Rock-solid financials
Financial results and guidance Rock-solid financials Eugen Stermetz CFO Swisscom 44
Slide 45: Top line and EBITDA in line with updated guidance
Group revenue and EBITDA Top line and EBITDA in line with updated guidance Revenue in CHF mn Q1 Q2 Q3 Q4 +48 +35 +53 +29 +54 -4 +4 +6 -7 -12 -10 -7 1 Q4 down due to Telco service revenue -45 -40 -31 -33 -52 -5 -11 -44 decline and lower IT service revenue +24 (+0.2%) Q1: -13, Q2: +55, Q3: -21; Q4: +3
Slide 46: OpFCF adjusted lower due to lower EBITDA and higher CAPEX in Switzerland
Group CAPEX and OpFCF OpFCF adjusted lower due to lower EBITDA and higher CAPEX in Switzerland CAPEX in CHF mn Q1 Q2 Q3 Q4 +49 +57 +51 +61 +4 +6 +1 +2 -7 -70 1 YOY increased due to slightly higher -4 -1 -2 -7 -7 -2 -2 -3 -5 investments in mobile core network and -81 FTTH rollout acceleration in 2024
Slide 47: EBITDA adjusted slightly lower
Swisscom Switzerland revenue and EBITDA EBITDA adjusted slightly lower Revenue in CHF mn 1 Q4 primarily affected by lower Telco service Q1 Q2 Q3 Q4 +4 +24 +3 0 0 +1 +5 -4 revenue (CHF -17mn) and lower hard- and -19 -23 -32 -15 -11 -9 -8 -2 -52 -45 -40 software (CHF -17mn) -59 2 Q4 lower primarily du
Slide 48: Strong delivery in Telco cost savings
Swisscom Switzerland revenue and adjusted EBITDA changes Strong delivery in Telco cost savings Revenue and adjusted EBITDA FY YOY, in CHF mn 1 Q4 down due to brand mix effects, higher VAT and lower voice and broadband subs -61 -42 base, partially compensated by ARPU- -141 +72 -41 stimulating measure
Slide 49: OpFCF affected by lower EBITDA, higher investments and adjustments
Swisscom Switzerland CAPEX and OpFCF OpFCF affected by lower EBITDA, higher investments and adjustments CAPEX in CHF mn Q1 Q2 Q3 Q4 +51 +61 YOY increased only due to slightly higher 1 -7 investments in mobile core network in -70 121 2024 t/o fibre 500 118 504 1'725 268 714 2 Higher primarily due to
Slide 50: Strong revenue growth, adjusted EBITDA development as expected
Fastweb revenue and EBITDA Strong revenue growth, adjusted EBITDA development as expected Revenue in EUR mn Q1 Q2 Q3 Q4 +29 +46 +54 +56 +23 +17 +26 +35 +31 +3 +6 +13 +11+4 1 Q4 with ongoing growth in mobile (+421k subs -1 -1 in 2024) and energy services, mitigating +54 +176 +115 (+16.1%) (+6.7%) com
Slide 51: OpFCF adjusted of EUR 204 million, YOY higher
Fastweb CAPEX and OpFCF OpFCF adjusted of EUR 204 million, YOY higher CAPEX in EUR mn Q1 Q2 Q3 Q4 +4 +6 Lower expenditure due to changed FWA 1 394 -4 -1 strategy, stopping rollout of a dedicated 628 FWA network 109 68 13 44 2 Increase in customer-driven CAPEX, e.g. Wireless Wireline Backbone & IT •
Slide 52: Another year with strong FCF generation
Group free cash flow Another year with strong FCF generation in CHF mn +13 -5 -10 -16 1'752 1 -297 1'437 FY 24 2 Δ -290 +146 +26 +67 +16 -8 -43 -133 -31 -77 -8 2'042 -313 1'480 FY 23 OpFCF Change in Change in Net interest Income Other FCF NWC defined benefit paid taxes paid cash flows obligations 1
Slide 53: Net income primarily impacted by closing-related costs Vodafone Italia
Group net income Net income primarily impacted by closing-related costs Vodafone Italia in CHF mn 4'355 tax rate 1 17.2% EPS FY 24 29.77 -2'143 -261 1'951 -88 -2 -320 1'541 1 1'542 1 2 3 Δ -267 -17 +30 -254 +42 -2 +44 -170 +1 -169 4’622 tax rate 1 17.5% EPS 33.03 FY 23 2'205 -364 -2'126 -291 -130 0
Slide 54: Vodafone Italia: stable EBITDAaL and OpFCF despite Telco erosion in 2024
Vodafone Italia - selected financial and operational KPIs 2024 - preliminary pro forma Vodafone Italia: stable EBITDAaL and OpFCF despite Telco erosion in 2024 Selected Financials Selected Operational KPIs in EUR bn 20241 YOY trend RGUs, in k 31.12.20242 YOY Telco service revenue 3.4 -0.2 Mobile 16'
Slide 55: Italy with EUR 1.8bn EBITDAaL and EUR 0.5bn OpFCF in 2024
Reconciliation financials 2024 Italy with EUR 1.8bn EBITDAaL and EUR 0.5bn OpFCF in 2024 5 Swisscom Group excluding Vodafone Italia Swisscom Group including Vodafone Italia Key financials 2024 Key financials FY 2024 Group Swisscom Fastweb Vodafone Group Italy5 Switzerland5 Switzerland Italia CHF bn
Slide 56: Pro forma leverage 2.4x, top rating, conservative financing
Net debt and leverage Pro forma leverage 2.4x, top rating, conservative financing Net debt and leverage development (in CHF bn) Debt facts Leverage Leverage1 preliminary pro forma4 CHF 15.9bn / 1.5x Transaction impact 2.4x CHF 6.6bn Ratings A- (outlook stable) 1.7 1.1 +8.5 0.3 +8.8 4 update 7.4 as p
Slide 57: Stability in Switzerland, transition year in Italy
Preliminary guidance 2025 Stability in Switzerland, transition year in Italy 4 Financials FY 2024 Preliminary guidance FY 2025 Group Group Switzerland2 Italy2 Group5 Switzerland Italy CHF bn CHF bn CHF bn EUR bn CHF bn CHF bn EUR bn reported preliminary preliminary pro forma1 pro forma1 Revenue 11.0
Slide 58: Growing dividend and a strong balance sheet
Leverage and dividend outlook Growing dividend and a strong balance sheet Rock-solid financials Dividend outlook (confirmed) Dividend ambition - indicative (in CHF) • Stable free cashflows from Long-term Swiss business +4 +1 +1 +1 value • Growing free cashflows 22 26 creation from synergies in Italy
Slide 59: Wrap-up
Closing remarks Wrap-up Christoph Aeschlimann CEO Swisscom 59
Slide 60: Strong today, stronger tomorrow
Wrap-up Strong today, stronger tomorrow #1 Long-term Future-proof #1 position #1 customer Attractive value focus investments in Switzerland choice in Italy return • Consistent story • Invest consequently • Continuing • A leading converged • Reliable dividend of and proven strategy in networks and IT
Slide 61: Appendix
Appendix 61
Slide 62: Group - adjusted key financials
Appendix Group - adjusted key financials in CHF mn 2023 2024 YOY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Revenue 2'747 2'703 2'752 2'870 11'072 2'703 2'751 2'719 2'863 11'036 -44 +48 -33 -7 -36 Currency effect 1 31 7 12 10 60 +31 +7 +12 +10 +60 At constant currency -13 +55 -21 +3 +24 EBITDA 1'1
Slide 63: Swisscom Switzerland - adjusted key financials
Appendix Swisscom Switzerland - adjusted key financials in CHF mn 2023 2024 YOY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY EBITDA 945 915 913 936 3'709 944 874 906 837 3'561 -1 -41 -7 -99 -148 Regulatory litigations -10 -54 -64 -24 -24 -24 +10 +54 +40 Transaction cost Vodafone Italia 6 7 5 42 60 +
Slide 64: Fastweb - adjusted key financials
Appendix Fastweb - adjusted key financials in EUR mn 2023 2024 YOY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY EBITDA 188 210 229 171 798 192 225 231 58 706 +4 +15 +2 -113 -92 Regulatory litigations 13 13 -13 -13 FWA strategy change 61 61 -61 -61 Integration cost Italy 176 176 +176 +176 Adjustments
Slide 65: Residential Customers - figures as per YE 2024
Appendix Residential Customers - figures as per YE 2024 in MCHF Q4 2024 Q4/Q4 31.12.2024 YOY Revenue 1) 1'125 -2.8% 4'372 -3.0% FY revenue decreased due to Direct costs -229 -7.7% -791 -9.5% softer Telco service revenue Indirect costs 2) -148 -10.3% -584 -6.4% and lower hardware sales (mainly in Q1
Slide 66: Residential Customers - operational KPIs as per YE 2024
Appendix Residential Customers - operational KPIs as per YE 2024 Wireless Wireline Q4 23 Q4 24 Q4 23 Q4 24 RGUs in k Penetration rates RGUs in k Penetration rates Postpaid value (YOY, pp) Broadband (YOY, pp) 3’380 3'449 80% 67% 51% 49% 1'721 1’695 (-1) 1'472 1’431 (+1) 34% (+1) (0) 11% (+3) (+2) 1 P
Slide 67: Business Customers - figures as per YE 2024
Appendix Business Customers - figures as per YE 2024 in MCHF Q4 2024 Q4/Q4 31.12.2024 YOY Revenue 1) 786 -0.5% 3'096 0.4% Direct costs -211 10.5% -745 5.2% Indirect costs 2) -275 4.2% -1'075 4.4% FY revenue increased (+0.4%). EBITDA 300 -10.4% 1'276 -5.1% Lower Telco service revenue (CHF -51mn) comp
Slide 68: Wholesale - figures as per YE 2024
Appendix Wholesale - figures as per YE 2024 in MCHF Q4 2024 Q4/Q4 31.12.2024 YOY FY revenue weaker (-3.1%), Revenue 1) 129 -0.8% 524 -3.1% primarily due to inbound Direct costs -51 0.0% -222 -7.1% roaming. Indirect costs 2) -2 -107.4% -11 -147.8% EBITDA 76 -28.3% 291 -10.5% EBITDA as % of revenue 58
Slide 69: Wholesale – overview of offerings
Appendix Wholesale – overview of offerings Carrier Line Service Basic und Premium • Dedicated high-quality Point-to-Point Data Transmission, CLS Monthly prices / access line 2 Mbps to 100 Gbps symmetric Carrier lines Carrier Ethernet Service Basic und Premium Broadband Connectivity Service BBCS, CES
Slide 70: Infrastructure & Support Functions - figures as per YE 2024
Appendix Infrastructure & Support Functions - figures as per YE 2024 Negative EBITDA (costs not in MCHF Q4 2024 Q4/Q4 31.12.2024 YOY charged to other segments) Revenue 1) 18 12.5% 75 2.7% increased (3.4%). Adjusted by Direct costs - - -1 - the regulatory litigations Indirect costs 2) -304 14.3% -1'0
Slide 71: Swisscom Switzerland - overview of mobile spectrum licences and use
Appendix Swisscom Switzerland - overview of mobile spectrum licences and use Spectrum licenses until 2028* or 2034** (in MHz) Spectrum use by Swisscom in 2025 3G 4G 5G 3,5 GHz** 120 100 80 3,5 GHz 5G+ 2,6 GHz * 85 50 40 2,6 GHz 4G * DSS1 2,1 GHz 60 20 40 2,1 GHz 4G 5G 1,8 GHz * 60 40 50 1,8 GHz 4G *
Slide 72: Fastweb - figures as per YE 2024
Appendix Fastweb - figures as per YE 2024 in MEUR Q4 2024 Q4/Q4 31.12.2024 YOY Residential customers 300 2.0% 1'170 0.6% Residential customers revenue Business customers 366 14.4% 1'249 10.1% almost on prior year level (+0.6%). 1) Decrease in wireline compensated Wholesale 112 3.7% 390 16.1% 1) by h
Slide 73: Other - figures as per YE 2024
Appendix Other - figures as per YE 2024 in MCHF Q4 2024 Q4/Q4 31.12.2024 YOY External revenue 111 -5.1% 427 0.0% Revenue up by +4.5% Revenue 1) 291 -3.6% 1'111 4.5% thanks to higher revenue Direct costs -23 4.5% -79 -3.7% at cablex. 2) Indirect costs -233 2.2% -885 5.9% EBITDA 35 -32.7% 147 1.4% EBI
Slide 74: Pension cost and cash payments
Appendix Pension cost and cash payments 1 reported estimate estimate in CHF mn 12M 23 12M 24 YOY FY 24 FY 25 YOY Segments' pension cost 273 277 4 277 280 3 Pension reconciliation -37 -25 12 -25 8 33 Operating pension cost (EBITDA) 236 252 16 252 288 36 Net interest (financial result) -5 -3 2 -3 -5 -
Slide 75: CAPEX breakdown
Appendix CAPEX breakdown Swisscom Switzerland Fastweb FY 2024 FY 2024 • Access network: upgrade and modernisation of existing Wireless sites, building of new antenna sites EUR 13mn CHF 268mn network • Core network • Core network incl. capacity increase Wireline • Access network, most of it realised
Slide 76: Unchanged ambition to reduce leverage
Appendix Unchanged ambition to reduce leverage New leverage outlook Changes vs transaction assumptions at signing Leverage outlook at signing Deleveraging - indicative 1 Earlier booking of integration costs (due to closing in Q4): -0.2x EUR 176mn (t/o EUR 72mn non-cash) already booked in -0.2x Integ
Slide 77: Cautionary statement regarding forward looking statements
Cautionary statement regarding forward looking statements • "This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations
Slide 78: Investor contact
Investor contact Louis Schmid Anastasia Henkel Head Investor Relations Investor Relations Manager louis.schmid@swisscom.com anastasia.henkel@swisscom.com +41 58 221 62 79 +41 58 221 40 80
Swisscom Ag Ittigen R/Shs — FY 2024 Earnings Presentation on 6ix