Bce Inc. · TSX:BCE
Bce — Goldman Sachs Communacopia XIX Conference 2010
7 slides from Bce's conference presentation, Sep 23, 2010
Slide 1: Goldman Sachs Communacopia XIX Conference
Goldman Sachs Communacopia XIX Conference September 23, 2010 Siim Vanaselja EVP & Chief Financial Officer
Slide 2: Safe harbour notice
Safe harbour notice Certain statements made in this presentation including, but not limited to, statements relating to our 2010 financial guidance (including revenue, EBITDA, adjusted earnings per share, free cash flow and capital intensity), our dividend policy, the proposed acquisition of CTVglobe
Slide 3: Executing on our 5 Strategic Imperatives
Executing on our 5 Strategic Imperatives • Significant postpaid market share gain y/y -- 37% in 1H’10 vs. 20% in 1H’09 • Net additions more than doubled in 1H’10 Accelerate wireless • Accelerated postpaid acquisition with improving ARPU • Rapid growth in wireless data revenue -- up 43% YTD Q2’10 • B
Slide 4: CTV transaction overview
CTV transaction overview • Acquiring 100% of CTV – 15% equity stake in The Globe and Mail CTV maintained Television • $1.3B equity value for additional 85% stake – $1.7B in proportionate debt • 9.9x proportionate EBITDA multiple • Woodbridge/Thomson Group to take $750M in BCE common stock at closing
Slide 5: Capital markets strategy for 2010 consistent with 2009
Capital markets strategy for 2010 consistent with 2009 Maintain strong • Solid investment grade metrics 1 credit profile • Key credit ratios in line with policy Maintain ample • Over $2B in cash and credit facilities 2 liquidity • Easily manageable debt maturity schedule Grow sustainable • Healthy F
Slide 6: Increasing total shareholder returns
Increasing total shareholder returns Common share dividend Delivering on dividend growth model (Annualized common dividend per share) • 25% increase since Q4’08 +25% • 5% dividend increase to $1.83 per year effective with Oct.15 payment $1.83 $1.74 $1.62 $1.54 • Higher dividend maintains payout rati
Slide 7: Bell: today just got better
today just got better Bell