Sunrise Communications Ag Class A · SIX:SUNN

Sunrise Communications Ag Class A — Q3 2012 Earnings Presentation

20 slides from Sunrise Communications Ag Class A's earnings presentation, Nov 22, 2012

  1. Slide 1: Financial Results January – September 2012

    Sunrise Communications Holdings S.A. Financial Results January – September 2012

  2. Slide 2: Solid market performance in first 9 month despite challenging market environment

    Solid market performance in first 9 month despite challenging market environment • In an increasing challenging market environment, Sunrise achieved good market performance of the existing product lines and was able to diversify its product portfolio with the launch of the new product line Sunrise T

  3. Slide 3: Foresighted measures throughout the year to adapt to challenging environment

    Foresighted measures throughout the year to adapt to challenging environment • Early anticipation of changing market environment: • Sunrise TV launched to extend fixnet product line • New flat rate portfolio for mobile postpaid • “Airbag” tariff launched for mobile prepaid • Review and restructuring

  4. Slide 4: Update on Financials

    Update on Financials © Sunrise 22.11.2012 4

  5. Slide 5: Key messages

    Key messages • Revenue growth from 1’454.6 to 1’540.2 million or +5.9% YoY driven by a continued growth of our mobile postpaid customer base and the acquisition of Business Sunrise Enterprise Solutions GmbH (BSES) – organic YoY growth of +1.7% • On the basis of attractive rate plans, the growth of o

  6. Slide 6: Mobile subscribers and ARPU development

    Mobile subscribers and ARPU development Mobile subscribers (‘000) Blended ARPU (CHF) 46.1 46.1 2'116 2'123 2'117 2'141 2'020 2'040 2'071 4.2 4.1 1'105 1'132 1'146 1'167 1'048 1'070 1'015 41.9 42.0 1'005 992 1'001 1'011 991 971 974 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q3-11 Q3-12 Prepaid Postpai

  7. Slide 7: Landline internet subscribers and ARPU development

    Landline internet subscribers and ARPU development xDSL subscribers (‘000)* Bundled (DSL/Voice) ARPU and AMPU (CHF) 362 366 366 368 369 369 358 80.1 78.3 49.8 49.8 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q3-11 Q3-12 ARPU AMPU * Includes single, double and triple-play subscribers © Sunrise 22.11.20

  8. Slide 8: Revenue, gross profit and EBITDA

    Revenue, gross profit and EBITDA Revenue EBITDA / EBITDA margin CHF million CHF million 529 514 517 178 177 509 499 33 160 488 30 152 32 36 146 142 467 31 141 30 34% 33 9% 36% 5% 4% 1% 31% -2% 30% 30% 30% -6% -6% 496 487 27% 468 478 478 459 434 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q1-11 Q2-11 Q

  9. Slide 9: Overview of results

    Overview of results Financial Results Q3 YTD - 12 Q3 YTD - 11 Q3 - 12 Q3 - 11 CHF Million Mobile 975 936 336 328 Landline Services 432 386 137 127 of which hubbing 97 94 30 31 Landline Internet 133 132 44 45 Total revenues 1'540 1'455 517 499 % yoy growth 5.9% 3.7% Revenues excl. Acquisition of BSES

  10. Slide 10: Operational capital expenditure breakdown

    Operational capital expenditure breakdown Operational Capex breakdown Comments CHF million Mobile Network: +42% 133 • Rollout of UMTS/HSPA 72 77 • Network infrastructure 40 Landline Network: 16 6 9 month • IPTV rollout and CPE 9 month 2012 Mobile Landline IT investments Other 2011 investments invest

  11. Slide 11: Net debt and leverage ratio

    Net debt and leverage ratio Net Debt Dec 31, 2011 Sept 30, 2012 CHF million Term Loan A 463 0 Term Loan B 309 0 Term Loan B (new) 326 0 Senior Secured Notes 753 747 Senior Secured Notes issued July 2012 0 522 Floating Rate Notes issued July 2012 0 378 Senior Unsecured Notes 685 677 Total cash-pay bo

  12. Slide 12: Questions & answers

    Questions & answers © Sunrise 22.11.2012 12

  13. Slide 13: Back up: Operational trends

    Back up: Operational trends © Sunrise 22.11.2012 13

  14. Slide 14: Mobile – operational trends

    Mobile – operational trends Subscriber (‘000) ARPU (CHF) Comments +3.3% • Mobile subscriber base up 3.3% YoY +0.0% driven by increase in postpaid and 46.1 46.1 stabilization of prepaid subscriber base 2'140 2'071 4.2 4.1 • Continued strong demand for smart phones +9.3% • Mobile ARPU remained stable

  15. Slide 15: Landline internet – operational trends

    Landline internet – operational trends Subscriber (‘000) ARPU/AMPU (CHF)* Comments • Growth in xDSL connections of +0.8% +0.8% YoY (2.2%) • ARPU decreased by -2.2% 366 369 • Majority of our xDSL subscriber base are 80.1 double play subscribers (xDSL and fixed 78.3 voice) with triple play subscriber

  16. Slide 16: Landline voice – operational trends

    Landline voice – operational trends Subscriber (‘000) ARPU (CHF) Comments • Single play landline voice customers continue to decline (31.8%) • Subscribers churn to double play (3.6%) products, off the Sunrise network or are substituting their service with mobile services • ARPU decrease of -3.6% due

  17. Slide 17: Back up: Recurring EBITDA and Other Income Development

    Back up: Recurring EBITDA and Other Income Development © Sunrise 22.11.2012 17

  18. Slide 18: Recurring EBITDA and Other Income Development

    Recurring EBITDA and Other Income Development Year-on-Year development for Q3’2012 +479.7 +489.3 +55.2 -38.0 +10.2 -0.6 +460.6 +1.9 Recurring Gross profit Operating Other Recurring Other Operating Reported EBITDA expenses Income (net) EBITDA Income (net) expenses EBITDA YTD Sep’11 YTD Sep’12 YTD Sep

  19. Slide 19: Thank you

    Thank you © Sunrise 22.11.2012 19

  20. Slide 20: Disclaimer

    Disclaimer This presentation and any materials distributed in connection herewith (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 for any securities, and nei

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