Sunrise Communications Ag Class A · SIX:SUNN
Sunrise Communications Ag Class A — Q1 2026 Earnings Presentation
30 slides from Sunrise Communications Ag Class A's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Financial Results
Q1 2026 Financial Results 13 May 2026 Q1 2026 Results | 13 May 2026 1
Slide 2: Disclaimer
Disclaimer No Offer to Sell or Solicit environment and competitive dynamics and are subject to a wide variety of significant operating trends, (b) perform analytical comparisons and benchmarking between risks and uncertainties, some of which are beyond the control of Sunrise, that could cause segmen
Slide 3: Summary Q1 2026 results
Summary Q1 2026 results 1 Key commercial roadmap deliverables executed, reinforcing momentum • Connect complete check 2026: “Best Overall Package” in Switzerland • Sunrise Rewards Programme launched to increase loyalty and accelerate cross- and upselling • Exclusive strategic partnership with PHOENI
Slide 4: Commercial Performance
Commercial Performance Q1 2026 Results | 13 May 2026
Slide 5: connect complete check 2026: Sunrise considered Best Overall Package
«connect complete check 2026» | Sunrise considered “Best Overall Package” by connect in Switzerland Light users: Sunrise offers the “most well-rounded package” with the most attractive price- performance ratio and the highest ratings in network and service Normal users: Sunrise sets new standards wi
Slide 6: Loyalty Programme: Innovative Sunrise Rewards Programme launched
Loyalty Programme | Innovative Sunrise Rewards Programme launched as part of customer-centric consumer strategy Sunrise Rewards Programme • Innovative loyalty programme with attractive benefits including Sunrise services and exclusive access to special offers and experiences • Loyalty programme desi
Slide 7: B2B: Exclusive strategic partnership with PHOENIQS for sovereign Swiss AI
B2B | Sunrise enters exclusive strategic partnership with PHOENIQS to offer sovereign Swiss AI solutions Partnership Rationale Market Positioning Competitor PHOENIQS with PHOENIQS is an AI pioneer in Switzerland, and the only unique market provider to offer Swiss sovereign, end-to-end Own positionin
Slide 8: Market Environment: Price increase announced within a promotional, rational market
Market Environment | Price increase announced within a promotional, but rational market environment Promotional, but rational market environment Sunrise announces Price Increase Indicative Average monthly price of B2C mobile promo rate plan offers (incl. activation fees) Price Increase 20261 CH Entr
Slide 9: Commercial Results: Solid trading result in a seasonally softer market
Commercial Results | Solid trading result in a seasonally softer market environment 31 Seasonally softer market liquidity driven by Q4 spill-over effects, with 18 20 12 10 improved sales momentum since March • Mobile Postpaid broadly in line with Q1’25 (which saw reduced commercial Net Postpaid Q1 2
Slide 10: Financial Results
Financial Results [background image] Q1 2026 Results | 13 May 2026
Slide 11: Financial Summary: Adj. EBITDAaL delivery driven by cost optimisation
Financial Summary | Adj. EBITDAaL delivery driven by sustained cost optimisation and favourable phasing in CHFm, YoY Q1 Q1 2025 2026 Δ Commentary on Q1 2026 Financials • Revenue +0.1% YoY with handset/other, B2B- and mobile Revenue 722 723 +0.1% subscription growth offsetting the decline in resident
Slide 12: Revenue: Strong handset & Other growth offset by residential fixed-line decline
Revenue | Strong handset & Other growth alongside B2B and mobile, offset by residential fixed-line decline Revenue in CHFm, YoY Mobile Fixed Q1 2026 YoY Revenue +0.1% • Residential: Fixed subscription revenue declined mainly due to 1 +1 lower YoY ARPU (including reduced price increase tailwind). +0.
Slide 13: Adj. EBITDAaL: Strong growth driven by Opex reductions
Adj. EBITDAaL | Strong Adj. EBITDAaL growth driven by Opex reductions; partial reversal expected Adj. EBITDAaL in CHFm, YoY • Gross Profit: Decline as pressure in Residential Fixed was 1 partially offset by growth in B2B/WHS • Residential: Decline driven by lower fixed subscription revenues, +6 part
Slide 14: Adj. EBITDAaL less P&E Additions & Adj. FCF
Adj. EBITDAaL less P&E Additions & Adj. FCF | Capex reduction YoY, Adj. FCF driven by seasonality Adj. EBITDAaL less P&E Additions Adj. FCF in CHFm, YoY +15 in CHFm, YoY +6 +15.9% n.m. 112 o/w leases (3) 3 (1) CHF (5.7m) 6 4 (1) Adj. EBITDAaL less 97 6 P&E Add.: CHF 15.4m 18 (27) Total Q1 Capex: CHF
Slide 15: Outlook & Dividend: 2026 Guidance reconfirmed
Outlook & Dividend | 2026 Guidance reconfirmed 2026 Guidance (IFRS, rebased) Dividend • Dividend of CHF 3.42 per Class A share (+2.7% YoY) and CHF Revenue Broadly stable 0.34 per Class B share approved at the Annual General Meeting held on 7 May 2026, resulting in a total dividend payment of CHF 251
Slide 16: Final remarks
Final remarks Q1 2026 Results | 13 May 2026
Slide 17: Key Takeaways
Key Takeaways 1 Launch of Innovative Sunrise Rewards programme to increase loyalty and accelerate cross- and upselling; Exclusive strategic B2B partnership with PHOENIQS to offer sovereign AI solutions 2 Product enhancements combined with sales and churn improvements, alongside the August price incr
Slide 18: Q&A
Q&A Q1 2026 Results | 13 May 2026 18
Slide 19: Appendix
Appendix Q1 2026 Results | 13 May 2026
Slide 20: Debt Structure
Debt Structure Overview of debt structure and net debt (in CHFm) 31 Dec 20251 31 Mar 20262 Senior Credit Facilities 1’547 1’562 Senior Secured Notes 2’143 2’144 • Weighted Average Cost of Debt of 2.7%5 as of 31 March 2026 Senior Notes 268 266 Vendor Financing 387 446 • Debt stack fully hedged agains
Slide 21: Revenue shift from FMC discount allocation
Revenue shift from FMC discount allocation Technical shift of discount allocation included in Actuals (in CHFm) Technical shift of discount Residential customers allocation from Mobile to Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Fixed: • Adoption of the new Main Fixed Revenue: Brand Mobile po
Slide 22: Quarterly P&L and Cash Flow
Quarterly P&L and Cash Flow Financials - P&L CHF millions Q125 RB1 Q225 RB 2025 RB (H1) Q325 RB Q425 RB 2025 RB Q126 RB Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 Growth % 0.1 % CoS 184.3 191.7 376.0 201.5 253.7 831.2 191.0 Gross Profit 537.8 539.9 1’077.7 539.4 535.1 2’152.2 531.8 Growth
Slide 23: Quarterly segment split
Quarterly segment split Financials - Revenue split CHF millions Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 Growth % 0.1 % Residential Customers 520.3 521.3 1’041.6 519.1 546.5 2’107.2 513.2 Fixed Revenue 250.9 245.9 496.8 238.1 239.1 974.0 233.5 o/w
Slide 24: Quarterly segment split (cont'd)
Quarterly segment split (cont’d) Financials - P&L CHF millions Q125 RB2 Q225 RB 2025 RB (H1) Q325 RB Q425 RB 2025 RB Q126 Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 Growth % 0.1 % Residential Customers 520.3 521.3 1’041.6 519.1 546.5 2’107.2 513.2 Business Customers & Wholesale 200.8 208.
Slide 25: Operational KPI's – Customer relationships
Operational KPI’s – Customer relationships Customer Relationships Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Fixed Customer Relationships represent the number of customers who receive at least one of Sunrise’s broadband internet, TV or fixed-line telephony services, without regard to which or to how ma
Slide 26: Operational KPIs – Base RGUs
Operational KPIs – Base RGUs Base RGUs1 Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Internet Subscribers are homes, residential multiple dwelling units or commercial units that Broadband Internet receive fixed broadband internet services over Sunrise’s fixed or mobile networks or that Sunrise services t
Slide 27: Operational KPIs – ARPU Residential
Operational KPIs – ARPU Residential ARPU (Residential) Q125 Q225 2025 (H1) Q325 Q425 2025 (H2) 2025 Q126 Subscription Revenue CHFm 441 444 885 440 431 871 1’756 423 Fixed CHFm 239 238 477 231 226 457 934 221 Mobile CHFm 202 206 408 209 205 414 822 202 Endbase Fixed - Customer Relationships # 1’374’0
Slide 28: Rebase information
Rebase information Rebase Information Rebase results, which are non-IFRS measures, are presented as a basis for assessing growth rates on a comparable basis. Rebase information is provided to show the results of the business without the impact of certain acquisition-related, transaction-related, or
Slide 29: Non-IFRS Reconciliations
Non-IFRS Reconciliations Three months ended Three months ended 31-Mar-26 31-Mar-25 30-Jun-25 30-Sept-25 31-Dec-25 CHF in millions CHF in millions Adjusted EBITDA and Adjusted EBITDAaL: Net income (loss) (39.4) (1.3) (53.6) (4.4) (49.2) Income tax expense (benefit) (10.7) 3.8 (15.8) (1.6) (6.3) Share
Slide 30: Contact Information
Contact Information Sunrise Investor Relations Thurgauerstrasse 101B investor.relations@sunrise.net 8152 Glattpark (Opfikon) +41 58 777 61 00 Switzerland Q1 2026 Results | 13 May 2026
Sunrise Communications — Q1 2026 Earnings Presentation on 6ix