Sunrise Communications Ag Class A · SIX:SUNN
Sunrise Communications Ag Class A — Q1 2014 Earnings Presentation
14 slides from Sunrise Communications Ag Class A's earnings presentation, May 22, 2014
Slide 1: Financial results January-March 2014
Sunrise Communications Holdings S.A. Financial results January-March 2014 1
Slide 2: Financial key messages
Financial key messages Significant investments in Q1’14 to lay the foundations for anticipated growth from Q2’14, including supporting new products, acquiring high value customers and building next generation networks ● Continuation of the mobile postpaid customer growth momentum that began in Q4’13
Slide 3: Mobile subscribers and ARPU development
Mobile subscribers and ARPU development Mobile subscribers (‘000) Blended ARPU (CHF) 2,494 2,491 2,477 40.6 3.8 2,138 2,142 35.7 4.3 1,261 1,233 1,202 941 925 36.8 31.4 1,197 1,217 1,233 1,258 1,275 Q1’13 Q2’13 Q3’13 Q4’13 Q1’14 Q1’13 Q1’14 Prepaid Postpaid Termination Origination +78.6k postpaid su
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
Slide 5: Landline internet subscribers and ARPU development
Landline internet subscribers and ARPU development Subscribers (‘000) Internet and Sunrise TV ARPUs (CHF) 363 358 352 346 340 +14% +8% 43.9 44.9 42.4 41.1 39.3 38.5 39.1 37.4 37.9 36.3 313 300 287 272 257 74 83 50 58 66 Q1’13 Q2’13 Q3’13 Q4’13 Q1’14 Q1’13 Q2’13 Q3’13 Q4’13 Q1’14 Internet (2P) Sunris
Slide 6: Overview of results
Overview of results Financial Results Q1'2013 Q1'2014 CHF Million Mobile 304 291 Landline Services 135 128 of which hubbing 32 37 Landline Internet 48 51 Total revenues 487 470 % yoy growth (3.4%) Revenues (excl. hubbing) 454 433 % yoy growth (4.6%) Gross profit 336 320 % margin 69.1% 68.2% % yoy gr
Slide 7: Capital expenditure breakdown
Capital expenditure breakdown CHF million 55 +41.4% 39 39 11 3 2 Q1’13 Q1’14 Mobile network Landline network IT investments Other investments investments • Substantial step-up in infrastructure investments with focus on best blend of technologies and spectrum to offer enhanced mobile voice and data
Slide 8: Net debt and leverage ratio
Net debt and leverage ratio Net debt Dec 31, 2013 Mar 31, 2014 Mar 31, 2014 5) CHF million Senior Secured Notes 755 753 753 Senior Secured Notes issued July 2012 523 522 522 Floating Rate Notes issued July 2012 205 203 203 Senior Unsecured Notes 689 683 683 Utilized RCF 95 60 60 Total cash-pay borro
Slide 9: Updates on Operations and Marketing
Updates on Operations and Marketing 9
Slide 10: MTV portfolio refresh 1/2
MTV portfolio refresh 1/2 Launch of customer oriented products and brand relaunch • New home offers with internet and TV 1 MTV Home • Best price value ratio for young people in the Swiss market • New mobile portfolio covering all needs from entry level to international full flat at attractive prices
Slide 11: MTV portfolio refresh 2/2
MTV portfolio refresh 2/2 First results indicate positive market reactions • Quick increase of MTV home orders, continued good intake after end of campaign 1 Order intake • Launch of new mobile portfolio triggered a 37% increase in new orders and contract extensions rising by 22% (weekly average) •
Slide 12: Q&A
Q&A © Sunrise 20.05.2014 12
Slide 13: Thank you
Thank you © Sunrise 20.05.2014 13
Slide 14: 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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