Swisscom Ag · SIX:SCMN
Swisscom — Value Event - Julius Bär (October 2002)
13 slides from Swisscom's conference presentation, Oct 29, 2002
Slide 1: Swisscom’s Value(s) Approach
Swisscom’s Value(s) Approach A discussion of value aspects at Swisscom Ueli Dietiker, CFO Ueli Dietiker, Value Event - Julius Bär 29 October 2002 1
Slide 2: Cautionary statement regarding forward-looking statements
A discussion of value aspects at Swisscom 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 fin
Slide 3: Aspects of Value: Value perspectives can differ
A discussion of value aspects at Swisscom Aspects of Value ... Value perspectives can differ... Investors’ perspective … Swisscom’s perspective … § looking at “value” as an investment § recognises that company has to take style value beyond the investors’ § judging attractiveness of this “value” per
Slide 4: Aspects of Value – overview
A discussion of value aspects at Swisscom Aspects of Value – overview Value Implication: 1... sustainability § top of class organisation and governance 2... protection § cherish today’s business - every day 3... @risk § systematic identification and management of risks 4... yield § run for cash and
Slide 5: Aspects of Value: 1 sustainability
A discussion of value aspects at Swisscom Aspects of Value ... 1 ... sustainability Corporate values: “Swisscommons”, a framework for how we deal with others and among each other: respectful, integer and transparent Corporate Governance Corporate Communications Supervisory Board: Corporate and Inves
Slide 6: Aspects of Value: 2 protection
A discussion of value aspects at Swisscom Aspects of Value ... 2 ... protection Guiding principle: “growth starts by not loosing what you already have” Protection is ... Implication: ... hard work § spending > 90% of management time and attention on running every day’s business § constantly identify
Slide 7: Aspects of Value: 3 @risk, Governance
A discussion of value aspects at Swisscom Aspects of Value ... 3 ... @risk Top Risks 11 10 Risk management .. 1 12 big 2 Governance 9 11 … starts with identification and 3 500 2 substantial 3 monitoring of key risks: 4 1 6 – potential EBIT impact 5 10 7 Impact (EBIT, Focus 3 years) 18 15 – probabili
Slide 8: Aspects of Value: 4 yield
A discussion of value aspects at Swisscom Aspects of Value ... 4 ... yield § yield for investors starts with customer satisfaction! § customer satisfaction is in the targetset of each senior manager § yield for investors is not only: – dividend (ordinary, special, par value reductions) – other ways
Slide 9: Aspects of Value: 5 growth
A discussion of value aspects at Swisscom Aspects of Value ... 5 ... growth Growth alternatives High yield acquisitions Continued share buy backs § improving the company’s total Free § enhancing per share performance Cash Flow yield, without substantially § optimising capital structure changing its
Slide 10: Aspects of Value: 5 growth (cont’d)
A discussion of value aspects at Swisscom Aspects of Value ... 5 ... growth (cont’d) stringent investment/acquisition criteria to protect against value destruction: Sustainability § Focus on cash generating ability of business model Strategic fit § Focus on uniqueness of opportunity, (path to) contr
Slide 11: Aspects of Value: 6 relative to peers
A discussion of value aspects at Swisscom Aspects of Value ... 6 ... relative to peers Swisscom compared to its peers (European telco’s) From investors’ perspective From company’s perspective Swisscom: § Rational and pragmatic approach: “first see, § is considered to be a safe haven then believe” §
Slide 12: Aspects of Value: 7 outside-in
A discussion of value aspects at Swisscom Aspects of Value ... 7 ... outside-in Key stakeholders stakeholders’ view on Swisscom: customers § strong and reliable company with best quality and top-brand: Swisscom society § taking corporate citizenship seriously regulator § open relationship despite su
Slide 13: Thank you for your attention
A discussion of value aspects at Swisscom 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 Ueli Dietiker, Value Event - Julius Bär 29 October 2002 13