Swisscom Ag · SIX:SCMN
Swisscom — TMT conference Schroder Salomon Smith Barney 2002
12 slides from Swisscom's conference presentation, Sep 19, 2002
Slide 1: “solid as a rock”
“solid as a rock” Presentation by Jens Alder, CEO Swisscom AG TMT conference Schroder Salomon Smith Barney Barcelona, 19 September 2002
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements ”This communication contains statements that constitute "forward-looking statements". In this communication, such forward-looking statements include, without limitation, statements relating to our financial condition, results of operations an
Slide 3: Brief strategy update
irr t Brief strategy update
Slide 4: Swisscom’s ultimate aim: Optimising capital efficiency
Swisscom’s ultimate aim: Optimising capital efficiency A company committed to strong fundamentals and financial discipline Disciplined investor in options Return Innovative multi-service with both defensive and surplus cash focused company offensive character Superior Underline Build a Investments i
Slide 5: Investment criteria
Investment criteria Ongoing focus Assessment Focus on cash generating ability of – Reasonable Sustainability business model – Continued to be strictly applied Pure focus on direct synergies with core – Reasonable, but limits investment options businesses – Potentially, other value aspects should be
Slide 6: Headlines first half 2002 and outlook 2002
Headlines first half 2002 and outlook 2002
Slide 7: “Swisscom - solid as a rock”
“Swisscom - solid as a rock” in CHF million 3,543 3,517 3,612 3,500 1,102 1,168 1,100 1,000 679 559 602 308 311 203 250 Net revenue EBITDA EBIT CAPEX average quarter 2001 1st quarter 2002 2nd quarter 2002
Slide 8: Headlines first half 2002 ...
Headlines first half 2002 ... n Successfully completed 10% share buyback; Swiss Confederation now holds 62.7% stake from 65.5% previously n Introduction of renumbering with automated local CPS as per 1 April 2002 n Introduced substantial fixed line tariff rebalancing with unified rates nation-wide a
Slide 9: ... and outlook 2002
... and outlook 2002 n Guidance unchanged, full year EBITDA 2002 similar to 2001 n However: – Fixed line operations and debitel expected to be weaker than in 2001 – Mobile operations, and IT operations to compensate n EBIT development (before exceptional items) positive due to lower depreciation and
Slide 10: In summary
irr t In summary
Slide 11: Commitment to value orientation - optimise cash returns on capital deployed
Commitment to value orientation - optimise cash returns on capital deployed 1. full focus on performance improvement of existing core business 2. sensibly weight the alternatives for further improvements in capital efficiency: Continued share buy backs High yield acquisitions • enhancing per share p
Slide 12: Swisscom - “solid as a rock”
Swisscom - “solid as a rock” Thank you for your attention For further information, please contact: Swisscom - Investor Relations ph. +41 31 342 2538 fax +41 31 342 6411 or visit our homepage: www.swisscom.com/ir
Swisscom — TMT conference Schroder Salomon Smith Barney 2002 on 6ix