Swisscom Ag · SIX:SCMN
Swisscom — NZB event, Zurich (November 2002)
16 slides from Swisscom's conference presentation, Nov 5, 2002
Slide 1: Swisscom’s Value(s) Approach
Swisscom’s Value(s) Approach A discussion of value aspects at Swisscom Ueli Dietiker, CFO Ueli Dietiker, presentation at NZB event 5 November 2002 1
Slide 2: Cautionary statement regarding forward-looking statements
A discussion of value aspects at Swisscom 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 fin
Slide 3: Aspects of Value: Value perspectives can differ
A discussion of value aspects at Swisscom Aspects of Value ... Value perspectives can differ ... Investors’ perspective … Swisscom’s perspective … § looking at “value” as an investment § recognises that company has to take style value beyond the investors’ § judging attractiveness of this “value” pe
Slide 4: Aspects of Value – overview
A discussion of value aspects at Swisscom Aspects of Value – overview Value Implication: company introduction § focus on key cash generators at Swisscom 1... sustainability § top of class organisation and governance 2... protection § cherish today’s business - every day 3... @risk § systematic ident
Slide 5: Aspects of Value: company introduction
A discussion of value aspects at Swisscom Aspects of Value ... company introduction Switzerland’s incumbent telco operator offering full range of services, offering best value to all stakeholders. Monetary values created are dominated by the 2 largest units: Swisscom Fixnet Swisscom Mobile Full rang
Slide 6: Aspects of Value: company introduction – Some Values Magnitude
A discussion of value aspects at Swisscom Aspects of Value ... company introduction Some Values Magnitude: § revenues § CHF 14.2 bln in 2001 § EBITDA § CHF 4.4 bln, or 31.1% of revenues § net income § CHF 5.0 bln in 2001, CHF 1.2 bln pre-exceptionals *) § marketcapitalisation § CHF 28.6 bln as per 1
Slide 7: Aspects of Value: company introduction
A discussion of value aspects at Swisscom Aspects of Value ... company introduction 3,543 3,517 3,612 1,102 1,168 1,100 679 602 559 308 311 203 Net revenue EBITDA EBIT CAPEX average quarter 2001 1st quarter 2002 2nd quarter 2002 “ Swisscom - solid as a rock ” Ueli Dietiker, presentation at NZB event
Slide 8: Aspects of Value: 1 sustainability
A discussion of value aspects at Swisscom Aspects of Value ... 1 ... sustainability Corporate values: “Swisscommons”, a framework for how we deal with others and among each other: respectful, integer and transparent Corporate Governance Corporate Communications Supervisory Board: Corporate and Inves
Slide 9: Aspects of Value: 2 protection
A discussion of value aspects at Swisscom Aspects of Value ... 2 ... protection Guiding principle: “growth starts by not loosing what you already have” Protection is ... Implication: ... hard work § spending > 90% of management time and attention on running every day’s business § constantly identify
Slide 10: Aspects of Value: 3 @risk – Top Risks
A discussion of value aspects at Swisscom Aspects of Value ... 3 ... @risk Top Risks 11 10 Risk management .. 1 12 big 2 Governance 9 11 … starts with identification and 3 500 2 3 substantial monitoring of key risks: 4 1 6 – potential EBIT impact 5 10 7 Impact (EBIT, Focus 3 years) 18 15 – probabili
Slide 11: Aspects of Value: 4 yield
A discussion of value aspects at Swisscom Aspects of Value ... 4 ... yield § yield for investors starts with customer satisfaction! § customer satisfaction is in the targetset of each senior manager § yield for investors is not only: – dividend (ordinary, special, par value reductions) – other ways
Slide 12: Aspects of Value: 5 growth – Growth alternatives
A discussion of value aspects at Swisscom Aspects of Value ... 5 ... growth Growth alternatives High yield acquisitions Continued share buy backs § improving the company’s total Free § enhancing per share performance Cash Flow yield, without substantially § optimising capital structure changing its
Slide 13: Aspects of Value: 5 growth (cont’d)
A discussion of value aspects at Swisscom Aspects of Value ... 5 ... growth (cont’d) stringent investment/acquisition criteria to protect against value destruction: Sustainability § Focus on cash generating ability of business model Strategic fit § Focus on uniqueness of opportunity, (path to) contr
Slide 14: Aspects of Value: 6 relative to peers
A discussion of value aspects at Swisscom Aspects of Value ... 6 ... relative to peers Swisscom compared to its peers (European telco’s) From investors’ perspective From company’s perspective Swisscom: § Rational and pragmatic approach: “first see, § is considered to be a safe haven then believe” §
Slide 15: Aspects of Value: 7 outside-in
A discussion of value aspects at Swisscom Aspects of Value ... 7 ... outside-in Key stakeholders stakeholders’ view on Swisscom: customers § strong and reliable company with best quality and top-brand: Swisscom society § taking corporate citizenship seriously regulator § open relationship despite su
Slide 16: Thank you for your attention
A discussion of value aspects at Swisscom Thank you for your attention For further information, please contact: Swisscom - Investor Relations ph. +41 31 342 2538 fax +41 31 342 6411 or visit our homepage: www.swisscom.com/ir Ueli Dietiker, presentation at NZB event 5 November 2002 16