Sunrise Communications Ag Class A · SIX:SUNN
Sunrise Communications Ag Class A — Merger or Acquisition (May 2017)
6 slides from Sunrise Communications Ag Class A's merger presentation, May 24, 2017
Slide 1: Sale of Swiss Towers AG / disposal of passive tower infrastructure
Sunrise Communications Group AG Sale of Swiss Towers AG / disposal of passive tower infrastructure
Slide 2: Key transaction highlights
Key transaction highlights1 Value release to accelerate deleveraging, network investments and shareholder returns • Agreement with a consortium comprising Cellnex,Swiss Life Asset Managers and Deutsche Compelling 1 partners Telekom Capital Partners ("Consortium") to sell Swiss Towers AG, which owns
Slide 3: Financial impact and use of proceeds
Financial impact and use of proceeds1 Sale of Swiss Towers (2'239 towers) to the Consortium Key financial impacts expected Full year eFCF impact (CHFm) • Deconsolidation of passive infrastructure as of 1 July 2017; treated as service contract under IFRS 1 10 • IFRS book gain of approx. CHF400m, 11 s
Slide 4: 2017 guidance updated for transaction impact; dividend policy upgraded
2017 guidance updated for transaction impact 2017 dividend increased and dividend policy upgraded1 2017 guidance - original 2017 guidance - adjusted for disposal CHFm CHFm Revenue 1'820 – 1'860 Revenue 1'820 – 1'860 Adjusted EBITDA 595 – 610 Adjusted EBITDA 577 – 592 normalised1 [225 – 265] Capex 22
Slide 5: Conclusion: Combination of compelling strategic and financial benefits
Conclusion Combination of compelling strategic and financial benefits Strategic benefits Financial benefits • Well positioned to retain network leadership in • Accelerated investments, with one-off Capex of Switzerland CHF30m in 2017 to support growth momentum of the company 2 The transaction prov
Slide 6: 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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