Sunrise Communications Ag Class A · SIX:SUNN
Sunrise Communications Ag Class A — Sunrise Communications A — Q2 2026 Earnings Presentation
31 slides from Sunrise Communications Ag Class A's earnings presentation, Aug 19, 2026
Slide 1: Q2 2026 Financial Results
Q2 2026 Financial Results 19 August 2026 Q2 2026 Results | 19 August 2026 1
Slide 2: Disclaimer
Disclaimer No Offer to Sell or Solicit assumptions regarding market conditions, customer behaviour, regulatory environment operating trends, (b) perform analytical comparisons and benchmarking between and competitive dynamics and are subject to a wide variety of significant risks and segments and (c
Slide 3: Summary Q2 2026 Results & Outlook
Summary Q2 2026 Results & Outlook Q2 revenue trajectory impacted as expected, commercial momentum improved • Revenue decline (-2.6% YoY) reflects (i) the lapse of 2025 price increases ahead of new August pricing actions, (ii) the financial impact of fixed subscriber trends following the final UPC mi
Slide 4: Commercial Performance
Commercial Performance Q2 2026 Results | 19 August 2026
Slide 5: Commercial Dynamics: Pricing & volume effects accumulate
Commercial Dynamics | Pricing & volume effects accumulate in Q2 2026 YoY subscription revenue decline Selected Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 comparison drivers 1 : First Results Pricing: >50% Customer July 2023 No price increases price March / April 2025 price increases
Slide 6: Main Brand: Sunrise Rewards loyalty programme fully rolled out
Main Brand | Sunrise Rewards loyalty programme fully rolled out into Customer Base with encouraging first results Innovative loyalty programme, creating a new currency for First Results Sunrise customers to purchase incremental Sunrise products and strong deals from the Sunrise portfolio ~60% Custom
Slide 7: B2B: Focused initiatives in place to support H2 momentum
B2B | Focused initiatives in place to support H2 momentum across all B2B segments Roll-out of new SME Ready Scaling of Partner Ecosystem and ICT Portfolio expansion via AI Bundle Offerings evolution of digital portal Solution Offerings (PHOENIQS) • Launch of new SME Ready • Scaling of Partner Ecosys
Slide 8: Commercial Results: Momentum continues to build across key products
Commercial Results | Commercial momentum continues to build across key products 31 18 20 21 Churn improvements and sales momentum drive net adds acceleration 10 • Mobile Postpaid +21k supported by successful multibrand execution, strong Flanker Brand performance and sustained B2B growth Net Postpaid
Slide 9: Financial Results
Financial Results Q2 2026 Results | 19 August 2026
Slide 10: Financial Summary
Financial Summary | Strong Adj. FCF growth despite expected revenue headwinds in CHFm, YoY Q2 Q2 H1 H1 2025 2026 Δ 2025 2026 Δ Commentary on Q2 2026 Financials Revenue 732 713 (2.6%) 1,454 1,436 (1.2%) • Softer revenue performance (2.6%) YoY driven by lower Residential Fixed and Mobile subscription
Slide 11: Revenue
Revenue | Lapse of 2025 price increases and weaker fixed adds weigh on revenue growth Revenue in CHFm, YoY Mobile Fixed Q2 2026 YoY Revenue (2.6%) (19) 1 (24) (2.6%) • Residential: Subscription revenues reflected peak revenue 732 headwinds from the full lapse of the 2025 price increases on top (4) o
Slide 12: Adj. EBITDAaL
Adj. EBITDAaL | Residential pressure partly offset by continued cost and lease optimisation Adj. EBITDAaL in CHFm, YoY • Gross Profit: Residential pressure partly offset by growth in 1 B2B/WHS and Infra & Support • Residential: Decline mainly driven by lower subscription (10) revenues, partially off
Slide 13: Adj. EBITDAaL less P&E Additions & Adj. FCF
Adj. EBITDAaL less P&E Additions & Adj. FCF | Lower Capex and favourable working capital drive Adj. FCF growth Adj. EBITDAaL less P&E Additions Adj. FCF in CHFm, YoY +5 in CHFm, YoY +51 +3.7% +33% 143 o/w leases 204 2 CHF (2.0m) 138 (1) 8 Adj. EBITDAaL less 45 (10) 4 P&E Add.: CHF 5.1m 2 153 (1) 2 T
Slide 14: Cost and capital efficiency
Cost and capital efficiency | Adj. FCF growth despite temporary revenue headwinds Opex Leases P&E Additions1 Track record of structural cost and capital efficiencies delivery YoY %, in CHFm YoY %, in CHFm % of revenue, in CHFm (1.7%) (3.0%) (2.2%) (5.1%) (3.6%) +1.6% +1.9% (4.2%) (4.1%) (4.0%) 17.3
Slide 15: Outlook: 2026 Guidance reconfirmed
Outlook | 2026 Guidance reconfirmed 2026 Guidance (IFRS, rebased) Outlook • H1 2026 impacted by a soft Q2 revenue comparison Revenue Broadly stable • Levers for expected gradual improvement through H2 include: Adj. EBITDAaL1 CHF ~1bn • Price increases implemented in August • Improving subscriber tre
Slide 16: Debt overview
Debt overview | Recent refinancing further extended debt maturity profile and simplified capital structure Overview of debt structure and net debt (in CHFm) 31 Dec 20251 30 Jun 20262 • July 20265: Issuance of new EUR 500m Senior Secured Notes Senior Credit Facilities 1’547 1’577 maturing in 2033 to
Slide 17: Final remarks
Final remarks Q2 2026 Results | 19 August 2026
Slide 18: Leadership
Leadership | Commercial leadership appointments supporting accelerated execution of strategic priorities - orderly CFO transition ANDRÉ ANDREAS WOLFGANG VEIT THORSTEN KRAUSE TOLPEIT ELSÄSSER KMENT HAESER Chief Executive Officer Chief Financial Officer Chief Consumer Officer Chief Consumer Officer Ch
Slide 19: Key Takeaways
Key Takeaways 1 Commercial momentum gaining traction reflected in stronger net adds versus recent quarters, driven by lower churn, successful campaigns execution & advancing B2B growth levers 2 Strong Adj. FCF growth despite peak revenue headwinds 3 FY 2026 guidance reiterated, underpinned by pricin
Slide 20: Q&A
Q&A Q2 2026 Results | 19 August 2026 20
Slide 21: Appendix
Appendix Q2 2026 Results | 19 August 2026
Slide 22: Revenue shift from FMC discount allocation
Revenue shift from FMC discount allocation Technical shift of discount allocation included in Actuals (in CHFm) Residential customers Technical shift of discount allocation from Mobile to Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Fixed: • Adoption of the new Main Fixed Revenue: Brand Mobile po
Slide 23: 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 Q226 RB 2026 RB (H1) Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 712.9 1’435.7 Growth % 0.1 % (2.6)% (1.2)% CoS 184.3 191.7 376.0 201.5 253.7 831.2 191.0 192.1 383.1 Gros
Slide 24: Quarterly segment split
Quarterly segment split Financials - Revenue split CHF millions Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Q226 2026 (H1) Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 712.9 1’435.7 Growth % 0.1 % (2.6)% (1.2)% Residential Customers 520.3 521.3 1’041.6 519.1 546.5 2’107.2 513.2 499.5 1’012.7 Fi
Slide 25: Quarterly segment split (cont'd)
Quarterly segment split (cont’d) Financials - P&L CHF millions Q125 RB1 Q225 RB 2025 RB (H1) Q325 RB Q425 RB 2025 RB Q126 Q226 2026 RB (H1) Revenue 722.1 731.6 1’453.7 740.9 788.8 2’983.4 722.8 712.9 1’435.7 Growth % 0.1 % (2.6)% (1.2)% Residential Customers 520.3 521.3 1’041.6 519.1 546.5 2’107.2 5
Slide 26: Operational KPIs – Customer relationships
Operational KPIs – Customer relationships Customer Relationships Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Q226 2026 (H1) 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 whic
Slide 27: Operational KPIs – Base RGUs
Operational KPIs – Base RGUs Base RGUs1 Q125 Q225 2025 (H1) Q325 Q425 2025 Q126 Q226 2026 (H1) Internet Subscribers are homes, residential multiple dwelling units or commercial units that receive fixed broadband internet services over Broadband Internet Sunrise’s fixed or mobile networks or that Sun
Slide 28: Operational KPIs – ARPU Residential
Operational KPIs – ARPU Residential ARPU (Residential) Q125 Q225 2025 (H1) Q325 Q425 2025 (H2) 2025 Q126 Q226 2026 (H1) Subscription Revenue CHFm 441 444 885 440 431 871 1’756 423 420 843 Fixed CHFm 239 238 477 231 226 457 934 221 217 438 Mobile CHFm 202 206 408 209 205 414 822 202 203 405 Endbase F
Slide 29: 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 30: Non-IFRS Reconciliations
Non-IFRS Reconciliations Three months ended Three months ended 31-Mar-26 30-Jun-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) (22.4) (1.3) (53.6) (4.4) (49.2) Income tax expense (benefit) (10.7) (2.9) 3.8 (
Slide 31: Contact Information
Contact Information Sunrise Investor Relations Thurgauerstrasse 101B investor.relations@sunrise.net 8152 Glattpark (Opfikon) +41 58 777 61 00 Switzerland Q2 2026 Results | 19 August 2026
Sunrise Communications A — Q2 2026 Earnings Presentation on 6ix