swisscom · 2011. 3. 24. · swisscom ltd, press conference, zurich, 17 february 2011. 2010 strong...
TRANSCRIPT
![Page 1: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/1.jpg)
Swisscom Annual Press Conference
17 February 2011, Zurich
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Swisscom Ltd, Press Conference, Zurich, 17 February 20112
Dr A
nton
Sch
erre
r
Chai
rman
of t
he B
oard
of D
irect
ors
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
3
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
4
2010
St
rong
con
solid
ated
resu
lts
>
Rise
in c
onsu
mer
con
fiden
ce in
a st
ill u
ncer
tain
bu
sine
ss e
nviro
nmen
t>
O
vera
ll a
succ
essf
ul y
ear f
or S
wis
scom
, des
pite
st
able
reve
nue
and
low
er n
et in
com
e>
Ad
just
ed fo
r cur
renc
y ef
fect
s, re
venu
e up
2.1
%>
W
ithou
t spe
cial
eff
ects
, net
inco
me
up 1
%>
D
oubl
e-di
git g
row
th in
mob
ile d
ata
serv
ices
an
d TV
bus
ines
s>
Fa
stw
eb
achi
eves
reve
nue
and
cust
omer
gro
wth
de
spite
diff
icul
t con
ditio
ns>
St
rate
gy d
efin
ed in
200
6 pr
oven
eff
ectiv
e
![Page 5: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/5.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
5 5
Swis
scom
’s
thre
e-pi
llar s
trat
egy
ha
s pro
ven
its w
orth
and
is b
earin
g fr
uit
Max
imis
eEx
tend
Expa
nd
Pric
e er
osio
n of
fset
by
cust
omer
gro
wth
and
hi
gher
reve
nue
from
m
obile
dat
a tr
affic
Swis
scom
TV’
s m
arke
t suc
cess
: cu
stom
er n
umbe
rs
alm
ost d
oubl
ed
Gro
wth
at S
wis
scom
IT
Ser
vice
s
Reve
nue
and
cust
omer
gr
owth
at F
astw
eb
![Page 6: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/6.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
6
Switz
erla
nd’s
com
mitm
ent
Inve
stm
ent i
n ne
twor
k ex
pans
ion
>
Inve
stm
ents
of a
roun
d CH
F 1
billi
on in
exp
andi
ng th
e Sw
iss
fixed
and
mob
ile n
etw
ork
>
Crea
ting
seve
ral t
hous
and
jobs
at s
uppl
iers
>
Focu
s on
expa
nsio
n–
Fi
bre-
optic
net
wor
k to
hou
seho
lds a
nd b
usin
esse
s–
Br
oadb
and
VDSL
net
wor
k–
M
obile
bro
adba
nd n
etw
ork
>
Gua
rant
ee th
at th
e Sw
iss i
nfor
mat
ion
soci
ety
will
cont
inue
to
hav
e on
e of
the
wor
ld’s
bes
t inf
rast
ruct
ures
>
Not
onl
y in
urb
an a
reas
: eve
ry y
ear S
wis
scom
dep
loys
fibr
e to
the
cabi
net i
n ar
ound
300
mun
icip
aliti
es
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
7
Regu
latio
n
No
revi
sion
of t
he T
elec
omm
unic
atio
ns A
ct –
le
gal a
ssur
ance
fo
r lar
ge in
vest
men
ts
>
The
new
Tel
ecom
mun
icat
ions
Act
(TCA
) has
bee
n in
forc
e si
nce
April
20
07:
–
No
othe
r Eur
opea
n co
untr
y ha
s unb
undl
ed th
e lo
cal
loop
as q
uick
ly a
s Sw
itzer
land
. Pric
es a
re n
ow fi
xed.
–
Dyn
amic
dev
elop
men
t: 2
55,0
00 u
nbun
dled
line
s by
the
end
of 2
010
–
Hug
e in
vest
men
ts a
re c
urre
ntly
bei
ng m
ade
in u
pgra
ding
an
d ex
pand
ing
the
netw
orks
>
Revi
sion
of t
he T
elec
omm
unic
atio
ns A
ct w
ould
jeop
ardi
se in
vest
men
ts
and
prov
oke
lega
l unc
erta
inty
am
ong
all p
rovi
ders
>
Swis
scom
wel
com
es th
e Fe
dera
l Cou
ncil’
s rec
omm
enda
tion
to fo
rego
re
visi
on o
f the
Tel
ecom
mun
icat
ions
Act
-
ther
eby
prov
idin
g th
e ne
cess
ary
lega
l ass
uran
ce fo
r the
hug
e in
vest
men
ts in
volv
ed
![Page 8: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/8.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
8
Succ
essf
ul 2
010
finan
cial
yea
r al
low
s div
iden
d of
CH
F 21
per
shar
e
Div
iden
d po
licy
>
Up
to h
alf o
f ope
ratin
g fr
ee ca
sh fl
ow>
At
leas
t as h
igh
as th
e pr
evio
us y
ear
Prop
osal
to th
e An
nual
Gen
eral
Mee
ting:
CH
F 21
per
shar
e >
O
f whi
ch C
HF
9 fr
om re
serv
es fr
om c
apita
l con
trib
utio
ns, n
ot
liabl
e to
tax
for S
wis
s priv
ate
inve
stor
s>
N
et p
aym
ent o
n 29
Apr
il 20
11 o
f CH
F 16
.80
(CH
F 21
less
35%
w
ithho
ldin
g ta
x on
rem
aini
ng C
HF
12 a
mou
ntin
g to
CH
F 4.
20)
Shar
e pe
rfor
man
ce u
ntil
end
2010
:>
3.
9% u
p on
pre
viou
s yea
r to
CHF
411.
10>
Pe
rfor
med
bet
ter t
han
SMI I
ndex
(-1.
7%) a
nd E
urop
ean
Telc
o In
dex
(-13.
3% in
CH
F)>
To
tal r
etur
n of
+9%
bet
ter t
han
SMI I
ndex
(+1.
3%)
and
Euro
pean
Tel
co In
dex
(-7.1
% in
CH
F)
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
9
Chan
ges
to
the
Boar
d of
Dire
ctor
s
Han
suel
i
Loos
li
New
Cha
irman
Dr H
ans W
erde
r
New
mem
ber
Theo
phil
Sc
hlat
ter
N
ew m
embe
r
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
10
Pers
onal
mes
sage
>
Stro
ng co
rpor
ate
cultu
re: e
xper
tise,
relia
bilit
y, c
onfid
ence
>
Empl
oyee
s mak
e th
e di
ffer
ence
>
Com
petit
ion
with
stro
ng p
rovi
ders
>
Swis
scom
is a
n im
port
ant p
illar
in th
e Sw
iss e
cono
my
and
info
rmat
ion
soci
ety
>
Com
pany
is h
ealth
y an
d on
trac
k
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
11
Than
k yo
u
>
Med
ia re
pres
enta
tives
>
Gro
up E
xecu
tive
Boar
d an
d st
aff
>
Shar
ehol
ders
>
Than
k yo
u al
l for
you
r att
entio
n!
![Page 12: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/12.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
12
Cars
ten
Sc
hlot
er
CEO
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
13
Succ
ess
in th
e Sw
iss
mar
ket
Cu
stom
er g
row
th in
the
face
of i
nten
sive
com
petit
ion
Swis
scom
exc
ludi
ng F
astw
eb>
Re
venu
e: +
2.3%
; EBI
TDA:
+4.
0%
Fixe
d ne
twor
k>
To
tal 1
.58
mill
ion
reta
il br
oadb
and
acce
ss li
nes (
+7.2
%)
>
Succ
essf
ul b
undl
ed o
ffer
ings
with
327
,000
cust
omer
s (f
ixed
-line
tele
phon
y, b
road
band
and
TV)
>
Swis
scom
TV
cust
omer
bas
e al
mos
t dou
bled
to 4
21,0
00
Mob
ile>
To
tal 5
.83
mill
ion
cust
omer
s (+4
.0%
)>
An
nual
pric
e er
osio
n of
aro
und
13%
>
Reve
nue
from
dat
a se
rvic
es (e
xcl.
SMS)
up
33%
to C
HF
435
mill
ion
>
Arou
nd 5
0% o
f mob
ile p
hone
s sol
d ar
e sm
artp
hone
s
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
14
Reve
nue
dyna
mic
s 20
10
in S
wis
s bu
sine
ss –
cu
rren
cy e
ffec
t at F
astw
eb
Pric
e ef
fect
Volu
me
∅pr
ices
core
bus
ines
sCu
stom
er g
row
th +
new
off
erin
gs
Mob
ileTr
aditi
onal
Dat
a se
rvic
es
(exc
l. SM
S)Σ
Trad
ition
alD
ata
serv
ices
(e
xcl.
SMS)
ΣCH
F m
illio
ns
-430
+509
+ 79
Fixe
d ne
twor
k-7
7-6
7-1
44
Conv
erge
nt p
rodu
cts
-19
+104
+85
Σ-5
26+5
46+2
0
Han
dset
s and
oth
er se
rvic
es+1
02
Oth
er se
gmen
ts+8
6
Swis
scom
exc
ludi
ng F
astw
eb+2
08
Fast
web
At co
nsta
nt e
xcha
nge
rate
+36
Curr
ency
eff
ect-
257
-221
Swis
scom
Gro
up-1
3
-278
-152
+249
+260
-77
-67
+104
-19
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
15
Traf
fic v
olum
e
Mob
ile U
nlim
ited
(PCs
)
Mob
ile In
tern
et A
cces
s (sm
artp
hone
s, iP
hone
)
2006
2007
2008
2009
2010
Dou
blin
g
of tr
affic
vol
ume
in m
obile
bus
ines
s eve
ry se
ven
mon
ths.
Mob
ile b
road
band
Ra
pid
incr
ease
in d
ata
volu
me
![Page 16: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/16.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
16 16
Com
petit
ion
an
d ris
ing
volu
mes
lead
to a
sha
rp d
rop
in a
vera
ge p
rices
, in
pa
rtic
ular
for d
ata
traf
fic
Fixe
d ne
twor
k te
leph
ony
CHF/
min
.M
obile
tele
phon
y CH
F/m
in.
Fixe
d ne
twor
k da
ta tr
affic
CH
F/M
BM
obile
dat
a tr
affic
CH
F/M
B
Aver
age
valu
es p
er y
ear,
incl
. roa
min
g
0 %
100
%97
9583
7474
49
37
12
2008
2009
2010
94 64 38 6
2007
![Page 17: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/17.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
1717
Mor
e fa
cts
>
Swis
scom
is a
lso
expa
ndin
g in
are
as w
here
a p
artn
ersh
ip a
gree
men
t is n
ot (y
et) i
n pl
ace
-
Köni
z, Lu
gano
Si
on, S
olot
hurn
, Thu
sis
and
Zug
–
and
is th
eref
ore
pres
sing
ahe
ad w
ith fi
bre-
optic
exp
ansi
on in
Sw
itzer
land
>
The
part
ners
hip
agre
emen
ts a
lone
will
secu
re fi
bre-
optic
con
nect
ions
for m
ore
than
23%
of a
ll ho
useh
olds
>
Swis
scom
is in
vest
ing
arou
nd C
HF
2 bi
llion
in fi
bre-
optic
exp
ansi
on u
ntil
2015
>
Hig
h co
vera
ge fo
r bro
adba
nd In
tern
et: T
he a
im is
to p
rovi
de a
roun
d 95
% o
f the
pop
ulat
ion
with
VD
SL
with
in th
ree
year
s and
the
rem
aini
ng 5
% w
ith m
obile
bro
adba
nd te
chno
logy
Fibr
e-op
tic e
xpan
sion
is
pro
ceed
ing
at a
rapi
d pa
ce in
Sw
itzer
land
Gen
eva
Base
l
Zuric
hSt
. Gal
len
Frib
ourg
Laus
anne
Bern
Pfyn
Cons
truc
tion
by S
wis
scom
onl
y
Part
ners
hip
in n
egot
iatio
n
Part
ners
hip
agre
emen
t sig
ned
Cons
truc
tion/
acqu
isiti
on
st
arte
dLu
cern
e
Luga
no
Win
tert
hur
Sion
Thus
is
Die
tliko
n
Obe
rwal
lis
Ust
er
Köni
z
Dat
e of
the
map
: 11
.1.2
011
Solo
thur
n
Belli
nzon
a
Zug
Biel
Obw
alde
n
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
1818
Hig
hly
dyna
mic
23
0,00
0 ho
useh
olds
and
bus
ines
ses c
onne
cted
by
fibre
-opt
ic c
able
13,0
00
By 2
015,
1 m
illio
n ho
useh
olds
and
bus
ines
ses w
ill b
e co
nnec
ted
by fi
bre-
optic
ca
ble
-
equi
vale
nt to
a th
ird o
f the
Sw
iss p
opul
atio
n
250,
000
200,
000
150,
000
100,
000
50,0
00 0
19,0
0040
,000
67,0
00
120,
000
150,
000
180,
000
200,
000
230,
000
Q4
08Q
1 09
Q2
09Q
3 09
Q4
09Q
1 10
Q2
10Q
3 10
Q4
10
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
19
Fibr
e op
tic p
artn
ersh
ips
en
sure
com
petit
ion
and
prev
ent
para
llel c
onst
ruct
ion
Estim
ated
mar
ket s
hare
s of b
road
band
fixe
d ne
twor
k in
tow
ns w
ith
part
ners
hips
:
>
45%
: Cab
le n
etw
orks
>
40%
: Sw
issc
om
>
15%
: Res
elle
rs
Swis
scom
fina
nces
60%
of i
nves
tmen
ts, e
lect
rical
util
ities
40%
Part
ners
hip
mod
el is
>
open
to o
ther
par
tner
s who
will
shar
e th
e in
vest
men
t ris
k
>
open
to n
on-in
vest
ing
part
ners
(ren
tal m
odel
)
>
deve
lope
d w
ith th
e Fe
dera
l Com
mun
icat
ions
Com
mis
sion
(Com
Com
)
Excl
usiv
ity cl
ause
>
Elec
tric
al u
tiliti
es re
quire
hed
ging
of t
heir
pref
inan
cing
for t
heir
thre
e po
tent
ial c
usto
mer
s Sun
rise,
cab
le n
etw
orks
and
Ora
nge
![Page 20: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/20.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
20
Sunr
ise
Ora
nge
Swis
scom
Mob
ile te
rmin
atio
n ra
tes (
MTR
)
Nat
iona
l pric
e tr
ends
sin
ce 1
999
Mob
ile te
rmin
atio
n ra
tes (
MTR
) dec
lined
by
85%
bet
wee
n 19
99
and
the
end
of 2
011
50 40 30 20 10 019
99
60
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Cent
imes
per
min
ute
![Page 21: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/21.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
21
End
cons
umer
pric
es
OEC
D C
omm
unic
atio
ns O
utlo
ok 2
009
In a
n in
tern
atio
nal c
ompa
rison
mob
ile te
leph
ony
pric
es in
Sw
itzer
land
ar
e in
the
low
er m
id-r
ange
whe
n ad
just
ed fo
r pur
chas
ing
pow
er
0
100
200
300
400
500
600
700
USD
adj
uste
d fo
r pur
chas
ing
pow
er
NL
FIN
SD
KN
ISA
LN
ZCH
JPL
TRG
BH
OEC
DIR
LAU
SKO
RP
FI
GR
DM
EXSK
CZCD
NSP
USA
Basi
c ra
te
U
sage
M
essa
ges
Sour
ce: O
ECD
mob
ile m
ediu
m-u
sage
bas
ket,
Augu
st 2
008,
tax
incl
uded
![Page 22: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/22.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
22
Roam
ing
pric
es a
t EU
leve
l>
Ev
en w
ithou
t reg
ulat
ion
Swis
scom
has
cont
inuo
usly
low
ered
roam
ing
char
ges i
n re
cent
yea
rs>
1
Dec
embe
r 201
0: m
assi
ve re
duct
ion
in d
ata
roam
ing
pric
es>
Sw
issc
om h
as b
een
offe
ring
the
mos
t att
ract
ive
stan
dard
roam
ing
pric
es in
Sw
itzer
land
for y
ears
-
tren
d to
war
ds fu
rthe
r pric
e re
duct
ions
co
ntin
ues
Enha
nced
cost
cont
rol f
or d
ata
roam
ing
>
In th
e fir
st h
alf o
f 201
1, a
cost
lim
it is
bei
ng o
ffer
ed fo
r dat
a ro
amin
g to
pro
tect
cust
omer
s aga
inst
hig
h m
obile
pho
ne b
ills
>
Cust
omer
s rec
eive
an
SMS
with
det
ails
of t
he p
rices
app
licab
le o
utsi
de
Switz
erla
nd
Mea
sure
s fo
r the
ben
efit
of c
usto
mer
s
Cost
lim
it fo
r dat
a ro
amin
g pr
otec
ts a
gain
st h
igh
bills
![Page 23: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/23.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
23
Swis
scom
IT S
ervi
ces
O
ne o
f the
big
gest
pro
vide
rs in
the
Swis
s ou
tsou
rcin
g m
arke
t
>
Out
sour
cing
bus
ines
s is a
n op
port
unity
to h
elp
cust
omer
s kee
p co
sts
dow
n in
unc
erta
in ti
mes
:–
N
ew o
rder
s of C
HF
464
mill
ion
rece
ived
by
Swis
scom
IT S
ervi
ces
–
One
of t
he b
igge
st p
rovi
ders
in th
e Sw
iss I
T ou
tsou
rcin
g bu
sine
ss
>
Acqu
isiti
on o
f Pan
atro
nic,
Eco
trus
t
Solu
tions
AG
and
IT
Ser
vice
s+Lo
gist
ik
AG
>
Swis
scom
IT S
ervi
ces W
orkp
lace
: Ren
amin
g of
Pan
atro
nic
an
d in
tegr
atio
n in
to th
e IT
Ser
vice
s Div
isio
n
![Page 24: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/24.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
24
Fast
web
M
arke
t suc
cess
with
cor
pora
te c
usto
mer
s
>
2010
was
a ch
alle
ngin
g ye
ar fo
r Fas
tweb
pa
rtic
ular
ly d
ue to
the
VAT
proc
eedi
ngs a
nd to
diff
icul
ties i
n ac
coun
ting
for r
ecei
vabl
es>
Th
e w
eakn
ess o
f the
eur
o re
duce
d th
e co
ntrib
utio
n m
ade
by F
astw
eb
to
Swis
scom
’s
resu
lts: i
n CH
F, F
astw
eb’s
re
venu
e fr
om e
xter
nal c
usto
mer
s fe
ll by
7.9
%, c
ompa
red
to a
n in
crea
se o
f 1.3
% in
EU
R.>
Fa
stw
eb’s
pe
rfor
man
ce w
ith c
orpo
rate
cust
omer
s is v
ery
posi
tive
(it w
as
awar
ded
som
e 60
% o
f ten
ders
). N
ew in
itiat
ives
in re
side
ntia
l cus
tom
er
busi
ness
are
aim
ed a
t str
engt
heni
ng g
row
th>
Fa
stw
eb’s
10
0 M
bps o
ffer
ing
intr
oduc
ed in
Sep
tem
ber 2
010
is
test
imon
y to
the
com
pany
’s le
adin
g ro
le in
the
Euro
pean
bro
adba
nd
mar
ket:
the
serv
ice
is a
vaila
ble
to 2
mill
ion
hous
ehol
ds. F
astw
eb
aim
s to
furt
her e
xpan
d th
e re
ach
of it
s fib
re-o
ptic
net
wor
k an
d to
this
end
is
ente
ring
into
coo
pera
tion
agre
emen
ts
![Page 25: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/25.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
25
Out
look
for 2
011
Sl
ight
dec
line
in re
venu
e ex
pect
ed
>
Expa
nsio
n of
pos
ition
in th
e di
gita
l TV
mar
ket
>
Attr
activ
e ne
w b
undl
ed o
ffer
ings
>
Expa
nsio
n of
clo
ud se
rvic
es fo
r cor
pora
te c
usto
mer
s>
Expa
nsio
n of
bro
adba
nd in
fras
truc
ture
: fix
ed-li
ne
(opt
ical
fibr
e FT
TH/F
TTC)
and
mob
ile n
etw
ork
(LTE
)
Fina
ncia
l inf
orm
atio
n>
Min
. net
reve
nue
CHF
11.8
bill
ion,
EBI
TDA
in e
xces
s of C
HF
4.6
billi
on, c
apita
l ex
pend
iture
und
er C
HF
2 bi
llion
(exc
l. pr
ices
for m
obile
freq
uenc
y au
ctio
n)>
We
expe
ct F
astw
eb, a
fter
a tr
ansi
tion
year
in 2
011
–
with
no
reve
nue
grow
th, b
ut
slig
htly
hig
her E
BITD
A –
to a
chie
ve st
rong
reve
nue
grow
th a
nd c
ash
flow
gro
wth
in
the
follo
win
g ye
ars a
s a re
sult
of m
arke
ting
initi
ativ
es a
nd e
ffic
ienc
y ga
ins
>
Unc
erta
in c
urre
ncy
tren
d: c
onve
rsio
n of
Fas
tweb
’s
resu
lts is
bas
ed o
n an
as
sum
ed e
uro
exch
ange
rate
of C
HF
1.30
(prio
r yea
r CH
F 1.
37)
>
Subj
ect t
o ex
pect
atio
ns b
eing
met
, Sw
issc
om w
ill p
ay a
min
imum
div
iden
d of
CH
F 21
per
shar
e fo
r fis
cal 2
011
![Page 26: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/26.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
26
Uel
i
Die
tiker
CF
O
![Page 27: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/27.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
2727
Inco
me
stat
emen
t
Net
inco
me
belo
w p
revi
ous y
ear d
ue to
exc
eptio
nal i
tem
(F
astw
eb
VAT)
and
hig
her t
ax e
xpen
se
11,9
88-2
,665
-2,5
20
-2,5
10
+304
-1,9
724,
597
(In CHF millions)
2,62
5-3
65+2
8-5
02+2
51,
811
-0.1
%
-1.9
%
-2.4
%-6
.0%
1) In
cl. r
ecog
nitio
n of
pro
visi
on in
201
0 fo
r VAT
pro
ceed
ings
aga
inst
Fas
tweb
2) In
cl. c
apita
lised
cos
ts
(200
9)(1
’926
)(2
’689
)(4
’684
)(1
2’00
1)(-2
,648
)(-2
,577
)(-2
,509
)(+
417)
(-1,9
95)
(-349
)(+
43)
(-460
)(+
3)N
et re
venu
e Goo
ds &
se
rvic
es
pu
rcha
sed
Pers
onne
l exp
ense
Oth
er
expe
nses
1Oth
er in
com
e2 EBITDAD
epre
ciat
ion
&
am
ortis
atio
nEB
ITFina
ncia
l exp
ense
Asso
ciat
ed
co
mpa
niesTa
x ex
pens
e
Min
ority
in
tere
sts
Swis
scom
ne
t inc
ome
![Page 28: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/28.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
2828
Reve
nue
So
lid d
evel
opm
ent i
n co
re b
usin
ess,
wea
k eu
ro
dam
pens
Gro
up re
venu
e
12,0
0110
254
6(2
57)
11,9
88
1) In
cl. u
sage
and
cust
omer
gro
wth
2) In
cl. S
wis
scom
Par
ticip
atio
ns a
nd H
ospi
talit
y Se
rvic
es3)
Cur
renc
y ef
fect
Fas
tweb
CHF/
EUR:
1.5
078
(200
9) v
s. 1
.370
0 (2
010)
-> C
HF
-257
mill
ion
86
Net
reve
nue
2009
Net
reve
nue
2010
(In CHF millions)
Swis
scom
Sw
itzer
land
Oth
er
se
gmen
tsFa
stw
eb
2)3)
(526
)
1)
Swis
scom
exc
l. Fa
stw
eb
Pric
e ef
fect
Volu
me
Term
inal
de
vice
san
d ot
her
se
rvic
es
208
IT se
rvic
esO
ther
At
co
nsta
nt
ex
chan
ge ra
tesCu
rren
cy
effe
ct
36
(13)
(0.1
%)
![Page 29: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/29.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
2929
Ope
ratin
g in
com
e
Spec
ial e
ffec
ts w
eigh
on
EBIT
DA
4,68
423
(7)
(222
)
4,59
7
1) In
cl. r
even
ue w
ith o
ther
seg
men
ts
2) In
cl. o
ther
inco
me
and
capi
talis
ed c
osts
3) In
cl. S
wis
scom
Par
ticip
atio
ns, H
ospi
talit
y Se
rvic
es, G
roup
Hea
dqua
rter
s an
d in
terc
ompa
ny
elim
inat
ions
4) C
urre
ncy
effe
ct F
astw
eb
CHF
-63
mill
ion.
; VAT
pro
ceed
ings
CH
F -1
02 m
illio
n, ch
ange
in re
venu
e re
cogn
ition
an
d re
stru
ctur
ing
expe
nse
CHF
-57
mill
ion
26
EBIT
DA
2009
EBIT
DA
2010
(In CHF millions)
Swis
scom
Sw
itzer
land
Fast
web
3)
4)
113
2)
Swis
scom
with
out F
astw
eb
Reve
nue
Dire
ct
co
sts
Indi
rect
cost
s
155
IT S
ervi
ces
Oth
erAt
co
nsta
nt
ex
chan
ge ra
tes
Spec
ial
ef
fect
s
(20)
(87)
(1.9
%)
1)
Oth
er
se
gmen
ts
![Page 30: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/30.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
3030
Cash
flow
O
pera
ting
free
cas
h flo
w o
f CH
F 2.
5 bi
llion
.
4,59
7
(In CHF millions)
EBIT
DA
Capi
tal
expe
nditu
re
Δ
NW
C &
oth
er
oper
atin
g ca
sh
flow
s
Div
iden
ds p
ayab
le
to m
inor
ity in
tere
sts
2,51
2
1,86
3
-9
-174
-8
-1,9
03
OpF
CF
Free
cash
flow
Δ
Cash
and
cash
eq
uiva
lent
s
Net
inte
rest
pa
ymen
ts
Inco
me
taxe
s
pa
idN
et c
ash
flow
s fr
om fi
nanc
ial
inve
stm
ents N
et re
paym
ent
of fi
n.
liabi
litie
s
Div
iden
ds p
aid
to
equ
ity h
olde
rs
of S
wis
scom
Ltd
Net
cas
h flo
ws
from
oth
er
fin. a
ctiv
ities
-284
-365
-6-5
44
-1,0
36
-286
(200
9)(4
,684
)(-1
,987
)(4
2)(-5
4)(2
,685
)(-2
36)
(-300
)(2
,149
)(8
59)
(-1,9
65)
(-984
)(-4
84)
(-425
)
![Page 31: Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong consolidated results > Rise in consumer confidence in a still uncertain business](https://reader033.vdocuments.mx/reader033/viewer/2022051806/6001973b34fa662c6d6b23bf/html5/thumbnails/31.jpg)
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
3131
Fast
web
Cu
rren
t off
er to
min
ority
sha
reho
lder
s an
d su
cces
sful
im
pairm
ent t
est
Impa
irmen
t tes
t
>
Carr
ying
val
ue o
f goo
dwill
rela
ted
to
Fast
web
in th
e Sw
issc
om c
onso
lidat
ed
finan
cial
stat
emen
ts: E
UR
1.8
bill
ion
>
Afte
r the
take
over
at a
pric
e of
EU
R 47
per
sh
are
in 2
007,
the
net c
arry
ing
valu
e up
to
end-
2010
dec
lined
to E
UR
33 p
er sh
are
>
Valu
atio
n of
the
carr
ying
val
ue w
as
conf
irmed
by
the
impa
irmen
t tes
t>
Pric
e fo
r min
ority
inte
rest
s of E
UR
18 is
ba
sed
prim
arily
on
the
deve
lopm
ent o
f the
sh
are
pric
e>
Reas
ons f
or th
e di
scre
panc
y be
twee
n th
e sh
are
pric
e an
d es
timat
ed e
nter
pris
e va
lue:
gr
owth
exp
ecta
tions
and
acc
ess t
o ca
sh
flow
from
loan
s fro
m sh
areh
olde
rs
Publ
ic ta
keov
er b
id
>
Anno
unce
men
t of v
olun
tary
pub
lic ta
keov
er
bid
(EU
R18/
Fast
web
shar
e) in
Sep
t 201
0>
On
12 N
ovem
ber 2
010,
Sw
issc
om h
eld
a 94
.834
% st
ake
in F
astw
eb>
It ha
s sin
ce ra
ised
this
to 9
4.99
7% v
ia
purc
hase
s on
the
stoc
k ex
chan
ge
>
A se
ll-ou
t is c
urre
ntly
und
er w
ay
(EU
R18/
shar
e) fr
om 1
4 Fe
brua
ry to
14
Mar
ch 2
011
>
As th
e
95%
thre
shol
d w
as
exce
eded
on
14
Febr
uary
201
1, S
wis
scom
will
exe
rcis
e its
sq
ueez
e-ou
t rig
ht>
Del
istin
g ex
pect
ed a
s of 2
2 M
arch
201
1>
100%
ow
ners
hip
of F
astw
eb
will
allo
w
Swis
scom
to in
crea
se it
s str
ateg
ic a
nd
oper
atin
g fle
xibi
lity
and
redu
ce g
over
nanc
e an
d lis
ting
cost
s
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
3232
Deb
t por
tfol
io
Succ
essf
ul re
finan
cing
(In CHF millions)
-500
1'00
0
1'50
0
2'00
0
2'50
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
>2019
(in CHF millions)-50
0
1'00
0
1'50
0
2'00
0
2'50
0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
>2020
Mat
urity
pro
file
31.1
2.20
09*
Mat
urity
pro
file
31.1
2.20
10*
Excl
. sho
rt-t
erm
mon
ey m
arke
t bor
row
ings
of C
HF
700
mill
ion
(200
9: C
HF
300
mill
ion)
*
Oth
er in
tere
st-b
earin
g fin
anci
al li
abili
ties
Fina
nce
leas
esN
et d
ebt f
rom
CBL
leas
ing
tran
sact
ions
Priv
ate
plac
emen
tsBo
nds
Bank
loan
s
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Swisscom Ltd, Press Conference, Zurich, 17 February 2011
33