Sunrise Communications Ag Class A · SIX:SUNN

Sunrise Communications Ag Class A — Q1 2013 Earnings Presentation

19 slides from Sunrise Communications Ag Class A's earnings presentation, May 23, 2013

  1. Slide 1: Financial results January – March 2013

    Sunrise Communications Holdings S.A. Financial results January – March 2013

  2. Slide 2: Key Messages – Q1'2013

    Key Messages – Q1’2013 ● In line with our guidance, EBITDA LTM Q1’13 declined by 1.7% (CHF -10.8m) compared to end of 2012 ● Whilst Sunrise is continuously acquiring higher value postpaid customers, migration effects towards reduced price plans cannot be fully compensated: ● In Q1’13 revenue decline

  3. Slide 3: Mobile subscribers and ARPU development

    Mobile subscribers and ARPU development Mobile subscribers (‘000) Blended ARPU (CHF) 2,123 2,117 2,141 2,141 2,132 43.5 41.1 4.3 4.3 1,132 1,146 1,167 1,181 1,191 39.3 36.8 991 971 974 960 941 Q1’12 Q2’12 Q3’12 Q4’12 Q1’13 Q1’12 Q1’13 Postpaid Prepaid Termination Origination +59.1k postpaid subscrib

  4. Slide 4: Pro-forma mobile prepaid subscriber statistics 12 month activity rule

    Pro-forma mobile prepaid subscriber statistics 12 month activity rule • For transparency reasons, pro-forma mobile prepaid subscribers based on a 12 month activity rule instead of Sunrise’s 3 month activity rule are provided • Sunrise still believes, that the 3 month activity rule is a fairer repres

  5. Slide 5: Landline internet subscribers and ARPU development

    Landline internet subscribers and ARPU development Subscribers (‘000) Internet and Sunrise TV ARPUs (CHF) 368 369 369 367 363 39.3 36.0 36.3 329 313 38 50 Q1’12 Q2’12 Q3’12 Q4’12 Q1’13 Q1’12 Q1’13 Internet Sunrise TV Internet only Blended Internet+TV Declining double play internet subscriber base pa

  6. Slide 6: Overview of results

    Overview of results Financial Results Q1'2013 Q1'2012 CHF Million Mobile 304 317 Landline Services 135 148 of which hubbing 32 32 Landline Internet 48 44 Total revenues 487 509 % yoy growth (4.5%) Revenues (excl. hubbing) 454 478 % yoy growth (4.9%) Gross profit 336 350 % margin 69.1% 68.6% % yoy gr

  7. Slide 7: Capital expenditure breakdown

    Capital expenditure breakdown CHF million 39 +49% 26 22 12 5 0 Q1’12 Q1’13 Mobile Landline IT investments Other investments investments* investments * Includes customer premises equipment for Sunrise TV • Rollout of UMTS/HSPA and preparing sites for LTE readiness • About 2’400 sites already swapped

  8. Slide 8: Cash and cash equivalent bridge 2012

    Cash and cash equivalent bridge 2012 CHF million -21 -39 +224 +134 0 +171 -21 Cash balance PIK repayment Cash flow before Change in NWC Capex Net interest Cash balance 2012 NWC, Capex and Q1’13 interests Strong cash inflow of CHF 53.1 million in Q1’13 compared to cash outflow of CHF -37.0 million in

  9. Slide 9: Net debt and leverage ratio

    Net debt and leverage ratio Net Debt Mar 31, 2013 Dec 31, 2012 CHF million Senior Secured Notes 752 749 Senior Secured Notes issued July 2012 522 521 Floating Rate Notes issued July 2012 378 377 Senior Unsecured Notes 683 680 Total cash-pay borrowings 1) 2'335 2'327 Fair value of cross currency swap

  10. Slide 10: Update on operations

    Update on operations © Sunrise 23. 05. 2013 10

  11. Slide 11: New launches first half of 2013

    New launches first half of 2013 Strong proposition on data and convergence New Postpaid Portfolio Sunrise TV Basic to be launched May 2013 launched April 2013 Everywhere connected Value-for-Money Easy to understand Relevant services Sunrise Vorteil “Even better value if combined” New Internet Portfo

  12. Slide 12: Sunrise NOW

    Sunrise NOW Sunrise’s new mobile postpaid portfolio © Sunrise 23. 05. 2013 12

  13. Slide 13: Sunrise NOW Tangible benefits for mobile customers

    Sunrise NOW Tangible benefits for mobile customers The smart phone rate plan („Das Smartphone-Abo“) • Calls and text messages to all networks always included - data as needed • Data differentiation by volume - always with high-speed Internet • Easy choice of four packet sizes - simplicity LTE speed

  14. Slide 14: Sunrise NOW Four compelling mobile rate plans

    Sunrise NOW Four compelling mobile rate plans - always at full speed max Everywhere best connected International relax high speed internet calls and roaming volumes in every rate plan included classic included2) Value for money start from CHF 29 including new High Data Data flatrate1) Data flatrate1

  15. Slide 15: Sunrise Internet Everywhere

    Sunrise Internet Everywhere Sunrise’s new Internet portfolio © Sunrise 23. 05. 2013 15

  16. Slide 16: Sunrise Internet Everywhere Mobile internet included in all tariffs

    Sunrise Internet Everywhere Mobile internet included in all tariffs and attractive TV option Everywhere connected + optionally comfort “Internet everywhere“ - Sunrise TV basic2) unlimited mobile internet in start basic all wireline bundles 30 Mbps TV 15 Mbps Download > 60 Channels Value for money 5

  17. Slide 17: Questions & answers

    Questions & answers © Sunrise 23. 05. 2013 17

  18. Slide 18: Thank you

    Thank you © Sunrise 23. 05. 2013 18

  19. Slide 19: 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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