Bce Inc. · TSX:BCE

Bce — Shareholder Meeting (April 2016)

45 slides from Bce's shareholder meeting presentation, April 2016

  1. Slide 1: Annual General Meeting 2016

    ANNUAL GENERAL MEETING 2016

  2. Slide 2: Safe harbour notice

    Safe harbour notice Certain statements made in this presentation are forward-looking statements. These statements include, without limitation, statements relating to our 2016 financial guidance (including revenues, adjusted EBITDA, capital intensity, adjusted EPS and free cash flow), BCE’s 2016 annu

  3. Slide 3: George A. Cope, President and Chief Executive Officer

    GEORGE A. COPE President and Chief Executive Officer

  4. Slide 4: Canada's first communications company

    Canada’s first communications company Bell founded April 29, 1880 in Montréal • 2,100 phone lines • 150 team members • $29,670 in revenue • $11,500 in salaries Technicians – 1889 Chief operator – 1906

  5. Slide 5: Canada's largest communications company

    Canada’s largest communications company Customer Annual Enterprise Nationwide One of the most connections revenue value team widely held stocks in Canada 21M+ $22B $75B 50,000

  6. Slide 6: Our goal

    6 Strategic Imperatives 1 Improve Customer Service Our 2 Invest in Broadband Networks & Services goal 3 Accelerate Wireless To be recognized 4 Leverage Wireline Momentum by customers as Canada’s leading 5 Expand Media Leadership communications company 6 Achieve a Competitive Cost Structure

  7. Slide 7: Improve Customer Service

    1 Improve Customer Service

  8. Slide 8: Continued service progress in Q1

    Improve Customer Service Continued service progress in Q1 Bell Self-Serve Calls handled 30 million visits Down 14% Transactions up 11% Residential churn Residential assurance Fibe TV: Down 14 bps Down 29% Internet: Down 8 bps CCTS complaints Wireless postpaid churn Down 16% y/y Down 3 bps Better ser

  9. Slide 9: Customers say service is improving

    Improve Customer Service Customers say service is improving “I would recommend Bell Mobility to family and friends” 55% increase since 2011

  10. Slide 10: Invest in Broadband Networks & Services

    2 Invest in Broadband Networks & Services

  11. Slide 11: The leader in broadband technologies

    Invest in Broadband Networks and Services The leader in broadband technologies Mobile 4G LTE Data hosting centres Integrated Broadcast Management System Fibe TV and Fibe Internet Satellite TV Investing $3.7 billion this year in broadband network leadership

  12. Slide 12: Building out our high-speed fibre network

    Invest in Broadband Networks and Services Building out our high-speed fibre network 8M 8.2M 7.6M 6.7M FTTN FTTH / MDU 2013 2014 2015 2016 Expanding to more than 8.2 million locations this year

  13. Slide 13: LTE Advanced to cover 75% of population in 2016

    Invest in Broadband Networks and Services LTE Advanced to cover 75% of population in 2016 LTE Advanced takes mobile data speeds up to 335 Mbps

  14. Slide 14: Bell LTE network consistently ranked #1

    Invest in Broadband Networks and Services Bell LTE network consistently ranked #1 “This year, Bell is clearly Canada's fastest mobile network... Bell installed some new technology that’s resulted in speeds that simply blow US carriers away” Source: PCMag

  15. Slide 15: Accelerate Wireless

    3 Accelerate Wireless ay Hoe Bees a8 seas al i ET if U ‘ | te

  16. Slide 16: The clear industry leader in Q4

    Accelerate Wireless The clear industry leader in Q4 Share of Q4 2015 postpaid wireless net additions 49.5% 33.6% 16.8%

  17. Slide 17: Significant wireless revenue and EBITDA growth

    Accelerate Wireless Significant wireless revenue and EBITDA growth Wireless revenue Wireless EBITDA ($000) ($000) +40% $6,876 +65% $2,828 $4,906 $1,718 2010 2015 2010 2015 8.7% compounded annual growth rate in wireless EBITDA

  18. Slide 18: Leverage Wireline Momentum

    4 Leverage Wireline Momentum

  19. Slide 19: Internet will become the #1 connection in 2016

    Leverage Wireline Momentum Internet will become the #1 connection in 2016 Home 2012 Phone TV penetration 2016 surpasses 100% Internet penetration Home Phone surpasses TV 75% TV 50% 25% Internet 0% 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

  20. Slide 20: Canada's largest Internet provider

    Leverage Wireline Momentum Canada’s largest Internet provider Subscribers (000s) 2015 3,413 2,048 1,961 1,568 1,566 717

  21. Slide 21: Canada's fastest Internet service

    Leverage Wireline Momentum Canada’s fastest Internet service Current # of Gigabit Fibe capable locations 650K 1.3M 250K Gigabit Fibe capability for ~3 million locations by the end of 2016

  22. Slide 22: Bell becomes Canada's #1 TV provider in 2015

    Leverage Wireline Momentum Bell becomes Canada’s #1 TV provider in 2015 Subscribers (000s) 2,738 2,652 1,896 1,737 1,005 761 Fibe has made Bell the fastest growing TV company

  23. Slide 23: Fibe TV taking market share from cable

    Leverage Wireline Momentum Fibe TV taking market share from cable TV subscriber growth 2010-2015 Ranked as the top TV service (000s) in Canada 635 -75 -409

  24. Slide 24: Leading the way in TV innovation

    Leverage Wireline Momentum Leading the way in TV innovation Trending Trending • Trending • Restart 1108 RDS 1137 Canal Vie 1150 VRAK 1127 Investigation 1161 Super Écran Le hockey des Canadiens Mordu de toi Code F Ray Donovan Le Trône de fer • Fibe TV app • CraveTV and Netflix • Wireless TV

  25. Slide 25: Leading the way in TV innovation

    Leverage Wireline Momentum Leading the way in TV innovation Trending • Trending Restart • Restart • Fibe TV app • CraveTV and Netflix • Wireless TV

  26. Slide 26: Leading the way in TV innovation

    Leverage Wireline Momentum Leading the way in TV innovation Trending • Trending Restart • Restart NEW CTV National News With L… NEW CTV News Montreal NEW The Daily Sho Fibe TV • Fibe TV app app NEW CTV News Barrie The Tonight Show Starring Jimmy Fallon < Man Vs. • CraveTV and < Maps to the Stars The

  27. Slide 27: Leading the way in TV innovation

    Leverage Wireline Momentum Leading the way in TV innovation Trending • Trending Restart • Restart Fibe TV • Fibe TV app app • CraveTV CraveTV and and Netflix Netflix • Wireless TV

  28. Slide 28: Leading the way in TV innovation

    Leverage Wireline Momentum Leading the way in TV innovation Trending • Trending Restart • Restart Fibe TV • Fibe TV app app • Netflix CraveTV andand NetflixTV Crave WirelessTV • Wireless TV

  29. Slide 29: Expand Media Leadership

    5 Expand Media Leadership

  30. Slide 30: Bell Media leads the industry

    Expand Media Leadership Bell Media leads the industry Conventional TV Specialty TV Pay TV Radio Digital Out of Home

  31. Slide 31: Bell Media in Québec

    Expand Media Leadership Bell Media in Québec Conventional TV Specialty Pay Out of Home Digital Radio

  32. Slide 32: Historic content deal with HBO

    Expand Media Leadership Historic content deal with HBO Premium HBO Bell Media programming exclusive Available across all English and French-language platforms Original content partnership

  33. Slide 33: Ownership supports TV sports leadership

    Expand Media Leadership Ownership supports TV sports leadership Long-term broadcast agreements RDS and TSN confirmed as Canada’s #1 sports networks in Q1

  34. Slide 34: Achieve a Competitive Cost Structure

    6 Achieve a Competitive Cost Structure 34

  35. Slide 35: Leading wireline profitability among peers

    Achieve a Competitive Cost Structure Leading wireline profitability among peers Wireline EBITDA margin 2015 41% 28% 27% 23% Disciplined cost management delivers industry-leading margins

  36. Slide 36: Shareholder value creation

    Shareholder value creation

  37. Slide 37: 2015 financial summary

    2015 financial summary Actual Target Result Revenue growth 2.2% 1% - 3%  Adjusted EBITDA growth 3.0% 2% - 4%  Capital intensity 16.9% approx. 17%  Adjusted EPS $3.36 $3.28 - $3.38  Free cash flow growth 9.3% 8% - 15%  Achieved all 2015 financial guidance targets

  38. Slide 38: $39 billion in enterprise value added since end of 2008

    $39 billion in enterprise value added since end of 2008 12 $2.73 dividend $2.60 $2.47 increases $2.27 $2.33 $2.17 $2.07 $1.97 87% $1.54 $1.62 $1.74 $1.83 $1.46 increase in dividend per Q4 Q1 Q3 Q1 Q3 Q1 Q2 Q1 Q3 Q1 Q1 Q1 Q1 common share 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2014 2015 201

  39. Slide 39: Bell outperformed our North American peers

    Bell outperformed our North American peers 7-year Total Shareholder Return (Dec 31, 2008 to Apr 25, 2016) 241% 192% 135% 105% 76% 86% S&P/ TSX 60 Index

  40. Slide 40: Bell Let's Talk

    Bell Let's Talk

  41. Slide 41: 2010: $50M investment

    2010: $50M investment Renewing the Bell Let’s Talk initiative 5 more years, total commitment of at least $100 million 41

  42. Slide 42: 2015: $100M investment

    2015: $100M investment Renewing the Bell Let’s Talk initiative 5 more years, total commitment of at least $100 million 42

  43. Slide 43: More than 100 organizations funded since 2010

    More than 100 organizations funded since 2010 Banque de cerveaux Douglas – Bell Canada $1.43 million raised at Bal des lumières in Montréal Support for both major institutions and grassroots community groups

  44. Slide 44: Changing attitudes and perceptions

    Changing attitudes and perceptions Increased Youth Are more aware of awareness 81% 87% mental health issues Believe the stigma Reduced Youth around mental illness stigma 51% 65% has been reduced Believe attitudes about Improved Youth mental health issues have attitudes 70% 79% changed for the better

  45. Slide 45: Annual General Meeting 2016

    ANNUAL GENERAL MEETING 2016

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