Slide 1: Annual results 2025
Annual results press conference Annual results 2025 12 February 2026
Slide 2: Welcome
Welcome Myriam Käser Swisscom annual results press conference 2026 Chief Communications & Responsibility Officer (CCO) 2
Slide 3: Lead. Innovate. Perform.
Lead. Innovate. Perform. Christoph Aeschlimann CEO Swisscom
Slide 4: 2025 – successful start to a new Swisscom chapter
2025 – successful start to a new Swisscom chapter Group New and lean Group organisation Dividends increased by +18%1 CHF 26 Swisscom annual results press conference 2026 A2 Industry-leading credit rating2 First Group-wide sustainability strategy 4 1) Subject to approval by shareholders at the Annual
Slide 5: Good results – expectations met
Good results – expectations met in CHF bn (YOY change) in CHF bn (YOY change) (pro forma) Revenue EBITDAaL 15.048 (-2.0%) 4.984 (-1.2%) Outlook Outlook 15.0–15.2 ~5.0 Swisscom annual results press conference 2026 CAPEX OpFCF 3.064 (-1.6%) 1.920 (-0.5%) Outlook Outlook 3.1–3.2 1.8–1.9 5
Slide 6: A proven Group strategy
A proven Group strategy Swisscom annual results press conference 2026 Delight Innovate Achieve more Perform customers for growth with less together We create unique customer We provide the digital products We are driving transformation We are constantly evolving and experiences every day. and servic
Slide 7: 2025 highlights in Switzerland and Italy
2025 highlights in Switzerland and Italy Delight Innovate Achieve more customers for growth with less • Highest customer satisfaction (NPS) • beem: revolutionary • AI in customer care processes Switzerland • Winner of the service and network tests cybersecurity services • AI tools for employees • Ne
Slide 8: Lead. Innovate. Perform.
We are playing a key role in the ongoing digitalisation of the economy and society – both in Switzerland and Italy Lead. Innovate. Perform. With a proven strategy and clear targets, We are driving innovation in AI, security and With our ongoing transformation, we are we are further expanding our lea
Slide 9: Lead.
Lead. Lead. Innovate. Perform.
Slide 10: Swisscom, the strongest telecommunications brand in the world
Swisscom, the strongest telecommunications brand1 in the world With new brand positioning in 2025: ‘Discover your possibilities’ Swisscom annual results press conference 2026 Best Highest customer Sustainable network Best satisfaction Attractive ICT company service employer 10 1) Source: Brand Finan
Slide 11: Best network – Vision 2035: gigabit
Fibre-optic coverage Reduction of copper connections 2025: 56% 2025: ~200,000 connections 2026: 60% 2027: over 50% fibre-optic customers 2030: 75–80% 2035: switch-off of copper network Best network Vision 2035: gigabit bandwidths for everyone. Swisscom annual results press conference 2026 Mobile net
Slide 12: Best service for a connected society
More services and offerings • Expansion of Swisscom Shop network • We are Family • Migros Mobile relaunch Best service for a connected society More protection for private customers Swisscom annual results press conference 2026 • Identity Monitor • Security Dashboard Outlook for 2026 • Security innov
Slide 13: Transition year on the way to becoming No. 1 for customers in Italy
Transition year on the way to becoming No. 1 for customers in Italy Integration Products & innovation Network Outlook for 2026 Swisscom annual results press conference 2026 • Integration is proceeding • Joint go-to-market & portfolio • Mobile antenna sharing • Further integration progress: according
Slide 14: As a sustainable ICT company, we are leading the way
As a sustainable ICT company, we are leading the way Our promise Our promise as a for the environment responsible leader First Group-wide sustainability strategy: The highest ethics, net zero by 2035. governance and security standards. Swisscom annual results press conference 2026 Our promise for so
Slide 15: Innovate.
Innovate. Lead. Innovate. Perform.
Slide 16: Simply secure: Innovation for business customers
Network & security innovation • More than 38,000 users already • Over 770 locations Simply secure: Innovation for business customers. ICT business Swisscom annual results press conference 2026 • Consistent growth Outlook for 2026 • New beem features – including beemNet at customer sites • Growth of
Slide 17: Leader in Switzerland and Italy with infrastructure and AI consulting
Leader in Switzerland and Italy with infrastructure and AI consulting throughout the value chain Ecosystem for business customers 2026 results and outlook Data & AI consulting Consulting Scaling & monetisation Swiss AI – Swisscom myAI Solutions Already has 67,000 users Wide selection of LLMs in Swit
Slide 18: Technological transformation on track
2030 AI-driven Swisscom 2030 State-of-the-art software platform Technological State-of-the-art portfolio of offerings transformation on track Clear roadmap to becoming a leading Swisscom annual results press conference 2026 State-of-the-art network technology company in Switzerland 2026 State-of-the
Slide 19: Perform.
Perform. Lead. Innovate. Perform.
Slide 20: Perform: Clear priority: growth of free cash flow
Perform Clear priority: growth of free cash flow Focus 2026 1 1 Stabilising telecommunications Driving integration forward revenue and realising synergies 2 2 Increasing efficiency in the Stabilising the Swisscom annual results press conference 2026 telecommunications sector telecommunications busin
Slide 21: Annual results 2025 and outlook for 2026
Annual results 2025 and outlook for 2026 Eugen Stermetz CFO Swisscom
Slide 22: Solid operating trend in Switzerland, challenging market environment in Italy
Solid operating trend in Switzerland, challenging market environment in Italy Switzerland Italy Fixed-line Postpaid Broadband TV telephony Wholesale4 Mobile Broadband Wholesale 4 5,645 1,938 1,462 768 20,054 5,732 1,126 Swisscom annual results press conference 2026 RGUs 1 in thou. 1,045 Market share
Slide 23: Revenue and EBITDAaL development as expected
Revenue and EBITDAaL development as expected Revenue in CHF million, YOY change EBITDAaL in CHF million, YOY change EBITDAaL in CHF million -205 (-1.3%) -310 (-2.0%) -60 (-1.2%) 15,358 -108 adjusted -100 (-1.9%) year-on-year -77 year-on-year Swisscom annual results press conference 2026 -20 +40 -27
Slide 24: Italy: synergies and integration costs slightly ahead of schedule
Italy: synergies and integration costs slightly ahead of schedule, run rate confirmed 2025 synergies in EUR million Plan 2025–2029 in EUR million Synergies 95 +5 pp +10 pp vs 2024 plan vs 2024 plan 36 100% Run rate: EUR ~600 million ~90% Direct costs: EUR ~240 million 14 ~70% Indirect costs: EUR ~30
Slide 25: Continued high level of capital expenditure in Switzerland and Italy
Continued high level of capital expenditure in Switzerland and Italy Capital expenditure 2025 2025 adjusted CHF 1,692 million EUR 1,331 million (-1.9% year-on-year) (-5.0% year-on-year) Other 7.0% IT Customer/project- 27.8% 45.6% driven 1 & other Swisscom annual results press conference 2026 Backbon
Slide 26: Operating free cash flow stable, despite year of transition in Italy
Operating free cash flow stable, despite year of transition in Italy Operating free cash flow1 2025 in CHF million, YOY change Year of Stability transition in Switzerland in Italy -9 (-0.5%) +13 +6 year-on-year 1,929 -17 -11 Swisscom annual results press conference 2026 1,920 adjusted +2 (+0.1%) OpF
Slide 27: Stable free cash flow of CHF 1.4 bn, 94% distribution to shareholders
Stable free cash flow of CHF 1.4 bn, 94% distribution to shareholders (CHF 26/share1) Free cash flow 2025 in CHF million +10 +17 -4 (-0.3%) 1,920 1,920 year-on-year -224 Swisscom annual results press conference 2026 -280 -10 1,433 OpFCF Change in net Change in defined Net interest Income Other Free
Slide 28: Net profit lower due to expenses associated with the acquisition of Vodafone Italia
Net profit lower due to expenses associated with the acquisition of Vodafone Italia Net income in CHF million in CHF million, YOY change +208 -271 (-17.6%) year-on-year 1,541 -236 +23 -266 1,270 Swisscom annual results press conference 2026 2024 EBIT Depreciation and Financial result Taxes 2025 befo
Slide 29: 2026 outlook: rising free cash flow thanks to Italy
2026 outlook: rising free cash flow thanks to Italy 2025 annual results Outlook for 2026 Group1, 2 Switzerland Italy Group1, 3 Switzerland Italy CHF million CHF million EUR million CHF bn CHF bn EUR bn Including approx. Revenue 15,048 7,868 7,291 14.7–14.9 7.7–7.8 ~7.2 EUR -50 million integration co
Slide 30: Many thanks! Your questions
Swisscom annual results press conference 2026 30 Many thanks! Your questions