Swisscom AG · SIX:SCMN
Swisscom — Vontobel Investor Conference Interlaken 2011
11 slides from Swisscom's conference presentation, Jun 15, 2011
Slide 1: Vontobel investor conference Interlaken
Vontobel investor conference Interlaken Carsten Schloter, CEO 15 June 2011
Slide 2: Agenda
Agenda 2 1. Market Performance – Financial strength compared to competitors 2. Results Q1 2011 – Key group results – EBITDA dynamics YoY 3. Revenue dynamics – From single subscriptions to bundles 4. Outlook
Slide 3: Market Performance - Relative competitive strength
1. Market Performance - Relative competitive strength 3 Financial strength of (mother companies of) players in Swiss market rather different Debt/interest ratios in 2009 Net debt and avg. cost of debt in 2009 Bubble size = OpFCF proxy in bn CHF* Net debt Net interest/ [bn CHF**] avg. net debt Sunris
Slide 4: Market Performance - Relative competitive strength
1. Market Performance - Relative competitive strength 4 Financial strength of players in Swiss market rather different Financial strength of CH competitors •Absolute EBITDA and cash flow level of main 55.2%* competitors in Switzerland significantly below 43.5% Swisscom in % of net revenues 2009 4‘00
Slide 5: Swisscom Group financial results: on constant currency basis
2. Swisscom Group financial results: on constant currency basis 5 Change YoY (Q1 2011 versus Q1 2010) in CHF mm, total Swisscom Group 72 18 2 -19 (-0.6%) -16 (-1.4%) -34 -73 -71 (-9.1%) -91 = Reported = FX Effect a) = Result on constant currency Revenues EBITDA FCF proxy: EBITDA – Capex (w/o provisi
Slide 6: Swisscom Group financial results, EBITDA
2. Swisscom Group financial results, EBITDA Change YoY (Q1 2011 versus Q1 2010) in CHF mm, total Swisscom Group 6 Swisscom Switzerland +18 +102 -16 -29 -1 +19 -7 1,126 (+6%) 1,058 Lower Indirect Cost: Revenue down • Staff +8 7mm • IT +16 • Other cost -5 Fastweb +57 direct cost down 6mm incl 10mm inc
Slide 7: Revenues Q1 2011 vs Q1 2010: from single subscriptions to bundles
3. Revenues Q1 2011 vs Q1 2010: from single subscriptions to bundles 7 CHF mm. Single Play Products Bundle + Convergent Products Σ Wireless Wireline Convergent Wireline Bundles Products Retail Business +4 (incl. Incoming) -71 +54 +11 Σ -67 +65 -2 Wireline Wholesale Inbound Roaming Other Wholesale (e
Slide 8: Δ revenues YoY, single play decline compensated by bundles
3. Δ revenues YoY, single play decline compensated by bundles Δ 1P subs Single play Bundles Δ bundles 8 YoY (ooo) YoY (ooo) + CHF 4mm +187 CHF 4 mm higher revenues in Q1 2011: +51 +177 3 months of ARPU of CHF 46/month for 187,000 extra subscribers = 3 x 46 x 187,000 = CHF 26m Decrease in ARPU by -1.
Slide 9: Group Results: Outlook 2011 confirmed after the first Quarter
4. Group Results: Outlook 2011*) confirmed after the first Quarter CHF bln 2010 Actual 2011 Expected Exchange rate CHF/€ 1.37 1.30 9 Swisscom Revenues 12.0 >11.8 Group (including EBITDA 4.6 > 4.6 Fastweb) CAPEX 1.9 < 2**) Dividend/share 21 at least 21 (payable the year after) (proposed to General (u
Slide 10: Q&A
10 Q&A This presentation can be viewed at www.swisscom.com/ir (click on the download center button)
Slide 11: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements 11 ”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
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