Sunrise Communications Ag Class A · SIX:SUNN

Sunrise Communications Ag Class A — Merger or Acquisition (May 2020)

18 slides from Sunrise Communications Ag Class A's merger presentation, May 19, 2020

  1. Slide 1: Swiss Open Fiber

    SWISS OPEN FIBER Strategic Partnership of Sunrise and Salt for FTTH Roll-Out in Switzerland Media Presentation 19 May 2020

  2. Slide 2: Today's Presenters

    TODAY’S PRESENTERS ANDRÉ KRAUSE PASCAL GRIEDER MARC FURRER CEO Sunrise CEO Salt Chairman Swiss Open Fiber 2

  3. Slide 3: Background

    BACKGROUND  Huge untapped potential for fiber to the home (FTTH) in Switzerland despite strong demand for high-speed FTTH – STATE-OF-THE-ART connectivity TECHNOLOGY  Lack of available infrastructure across the country limits Sunrise and Salt expansion of their superior fixed products 1 FTTH Tradit

  4. Slide 4: Solution: Swiss Open Fiber

    SOLUTION: SWISS OPEN FIBER  Today, Sunrise and Salt announced their strategic partnership – Incorporation of Swiss Open Fiber, a novel open access FTTH infrastructure platform across Switzerland – Swiss Open Fiber will be highly beneficial to Switzerland thanks to its accelerated high-speed interne

  5. Slide 5: Highlights

    HIGHLIGHTS DOUBLING FIBER ACCESS OPEN PLATFORM State-of-the-art broadband products brought Infrastructure competition with a network to 1.5 million Swiss households over the next open to any retail operator 5-7 years STRONG BACKING FROM GREEN DIGITALISATION SUNRISE & SALT First time two challengers

  6. Slide 6: FTTH – The Fastest & Ultimate Fixed Broadband Technology

    FTTH – THE FASTEST & ULTIMATE FIXED BROADBAND TECHNOLOGY BROADBAND TECHNOLOGY SPEED BENCHMARK BEST SERVICE FOR END-USERS Maximum Theoretical Speeds c.10Gbits Highest Bandwidth Infrastructure Symmetric Bandwidths in Upload and Download Low Latency Supporting Real-time c.1Gbits c.1Gbits Applications S

  7. Slide 7: Swiss Market Offers a Large Untapped Potential…

    SWISS MARKET OFFERS A LARGE UNTAPPED POTENTIAL…  Out of ~5 million homes passed(1) in Switzerland, less than half have access to FTTH  Presence of independent infrastructure providers for FTTH in a competitive market are main drivers for higher penetration  The penetration rate has remained fairl

  8. Slide 8: …With FTTH Coverage Scattered Across the Country

    …WITH FTTH COVERAGE SCATTERED ACROSS THE COUNTRY  Today around a third of Switzerland is covered with FTTH, yet significant local discrepancies  Strong potential to increase penetration across the country, as current penetration does not correlate with country topology Today’s Switzerland FTTH Cov

  9. Slide 9: Swiss Open Fiber Will Focus on Undersupplied Areas…

    SWISS OPEN FIBER WILL FOCUS ON UNDERSUPPLIED AREAS…  Planned footprint of Swiss Open Fiber in low to medium density areas, typically in sub-urban territory  Opportunistic approach for urban areas which are densely covered FTTH Coverage by Area Swiss Open Fiber Strategy RURAL, LOW-DENSITY (~30-40%

  10. Slide 10: …and Roll Out Up to 1.5 Million FTTH Lines by 2027

    …AND ROLL OUT UP TO 1.5 MILLION FTTH LINES BY 2027  Swiss Open Fiber aims at rolling out 1.5 million FTTH lines over the next 5 to 7 years  Up to CHF 3 billion capex spend over the respective time frame, primarily funded through debt and equity from financial partner and wholesale revenues from te

  11. Slide 11: Transaction Structure

    TRANSACTION STRUCTURE SIMPLIFIED DIAGRAM 1 Sunrise and Salt will each hold 50% of the capital in Swiss Open Fiber, before opening up to a financial sponsor. Following investment of Financial Partner, Sunrise and 1 1 Salt will each hold an equal minority position Financial SALT SUNRISE Partner 2 Sw

  12. Slide 12: Commercial Relations

    COMMERCIAL RELATIONS SIMPLIFIED DIAGRAM 1 Legal framework and key contracts SWISS OPEN FIBER – Sunrise and Salt enter into long-term wholesale commercial agreement with Swiss Open Fiber for FTTH lines within its perimeter 2 – Product price governed by a master service agreement providing long-term

  13. Slide 13: Financing Considerations

    FINANCING CONSIDERATIONS ILLUSTRATIVE FUNDING BREAKDOWN 1 2 Up to CHF 3 billion capex requirement, including 1 construction, connection, activation and other Capex Facility 2 Capex facility provided to finance part of the construction capex requirement Total Capex Requirement 3 3 Recurring IRU fees

  14. Slide 14: Indicative Roadmap

    INDICATIVE ROADMAP Signing of financing agreements with debt Project development and and equity partners and wholesale continued discussions with agreements with operators, including partners and investors Sunrise and Salt May 19th Next 3-4 months Develop detailed roll-out plan with Start of roll-ou

  15. Slide 15: Highlights

    HIGHLIGHTS DOUBLING FIBER ACCESS OPEN PLATFORM State-of-the-art broadband products brought Infrastructure competition with a network to 1.5 million Swiss households over the next open to any retail operator 5-7 years STRONG BACKING FROM GREEN DIGITALISATION SUNRISE & SALT First time two challengers

  16. Slide 16: Do You Have Questions?

    DO YOU HAVE QUESTIONS? PLEASE CALL INVESTOR RELATIONS ON +41 (0)58 777 96 86 16

  17. Slide 17: Contacts

    CONTACTS SUNRISE COMMUNICATIONS AG Corporate Communications media@sunrise.net Phone: 0800 333 000 From abroad: +41 58 777 76 66 SALT MOBILE SA Press Office media@salt.ch Phone: +41 78 787 66 86 From abroad: +41 78 787 66 86 17

  18. Slide 18: Disclaimer

    DISCLAIMER This document and any materials distributed in connection herewith (including any oral statements) (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

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