Bce Inc. · TSX:BCE
Bce — Shareholder Meeting (April 2017)
43 slides from Bce's shareholder meeting presentation, Apr 26, 2017
Slide 1: Annual General Meeting 2017
ANNUAL GENERAL MEETING 2017
Slide 2: Safe harbour notice
Safe harbour notice Certain statements made in this presentation are forward-looking statements. These statements include, without limitation, statements relating to BCE’s 2017 annualized common share dividend, our network deployment plans and related capital investments, our business outlook, objec
Slide 3: George Cope, President and Chief Executive Officer
GEORGE COPE President and Chief Executive Officer
Slide 4: Celebrating 137 years of innovation
Celebrating 137 years of innovation
Slide 5: We've come a long way since 1880
Bell fleet on Catherine Street - 1921 Bell long distance operator - 1940 Ottawa network team - 1936 We’ve come a long way since 1880 5 Bell field technician - 2016 Bell call centre agent - 2016 Bell network team - 2016
Slide 6: Canada's largest communications company
Canada’s largest communications company Customer connections Annual revenue Enterprise value Canadians working at Bell 22M+ $22B $80B 1 in 360 One of Canada’s most widely held and valued stocks
Slide 7: Bell's Strategic Imperatives
Bell’s 6 Strategic Imperatives Our goal 1 Invest in Broadband Networks & Services To be recognized 2 Leverage Wireline Momentum by customers as Canada’s 3 Accelerate Wireless leading 4 Improve Customer Service communications company 5 Expand Media Leadership 6 Achieve a Competitive Cost Structure
Slide 8: Declining landline use was our challenge
Declining landline use was our challenge Voice revenue ~$5B 2006 2016
Slide 9: $15 billion in acquisitions and partnerships
$15 billion in acquisitions and partnerships Driving our 6 Strategic Imperatives
Slide 10: Unprecedented broadband communications investment in Manitoba
477,000* 229,000 108,000 420,000 Wireless Internet TV Landline customers customers customers customers Unprecedented broadband communications investment in Manitoba * ~25% of acquired MTS postpaid subscribers sold to TELUS on April 1
Slide 11: Unprecedented broadband communications investment in Manitoba
477,000* 229,000 108,000 420,000 Wireless Internet TV Landline customers customers customers customers Unprecedented broadband communications investment in Manitoba * ~25% of acquired MTS postpaid subscribers sold to TELUS on April 1
Slide 12: Bell is Canada's broadband leader
Bell is Canada’s broadband leader Home Business Internet / TV Media Wireless Phone Phone Data 11% 12% 34% 8% 8% 27% Consistent strategic execution has transformed our revenue mix % of operating revenue.
Slide 13: Invest in Broadband Networks & Services
1 Invest in Broadband Networks & Services
Slide 14: Canada's fastest national wireless network
Canada’s fastest national wireless network “Bell’s network is spectacularly fast, exceeding anything we’ve ever seen in our US results...”
Slide 15: April 20: Another North American first for Bell Mobility
April 20: Another North American first for Bell Mobility Tri Band Quad Band +256 QAM LTE-A LTE-A technology 335 550 750 Mbps Mbps Mbps Enhanced wireless network delivers speeds up to 750 Mbps
Slide 16: Laying the foundation for a fibre future
Laying the foundation for a fibre future 27% FTTN 80% FTTH Manitoba Atlantic 49% 50k Québec ~750k Ontario ~1.65M ~1.2M 27% Current Future Objective to reach 80% of consumer and business locations
Slide 17: Leverage Wireline Momentum
2 Leverage Wireline Momentum
Slide 18: Canada's largest Internet provider
Canada’s largest Internet provider Subscribers (000s) 3,717 2,175 1,991 1,655 1,613 759 Offering reliable connections and superfast speeds Telus and Vidéotron as of Q4 2016.
Slide 19: Canada's largest TV provider
Canada’s largest TV provider Subscribers (000s) 2,837 2,507 1,796 1,691 1,059 738 Fibe innovation is fueling Bell’s growing lead in TV Telus and Vidéotron as of Q4 2016.
Slide 20: Best broadband experience in the home
Best broadband experience in the home First Canadian TV service available on World's first Apple TV fully wireless 4K IPTV service Canada's most powerful home Wi-Fi
Slide 21: Accelerate Wireless
3 Accelerate Wireless
Slide 22: Canadians using smartphones more than ever
Canadians using smartphones more than ever Mobile data usage increased 37% in 2016
Slide 23: Bell led incumbent wireless growth in 2016
Bell led incumbent wireless growth in 2016 Share of Share of Share of adjusted postpaid net adds revenue growth EBITDA growth 29% 37% 25% 34% 39% 52% 34% 36% 14%
Slide 24: Improve Customer Service
4 Improve Customer Service
Slide 25: Enhanced mobile self-serve
Enhanced mobile self-serve Transactions increased by 34% in 2016 View bill TV channel selection Manage Home Internet on MyBell app on mobile app and technical services March 20, 2017 - Current
Slide 26: Self-serve options reduce call centre volumes
Self-serve options reduce call centre volumes 2011 2016 76M 26 million 50M fewer calls
Slide 27: Improvements in consumer and business support
Improvements in consumer and business support On time for 97% Increase in 85% Customer 95% residential Same Day small satisfaction with appointments business repairs Bell field since 2014 technicians
Slide 28: Expand Media Leadership
4 3Q pay TV services specialty channels M105; 30,000 radio stations advertising faces Leadership Bell Media 2 conventional network. 30: apps More than 200 websites
Slide 29: Bell Media: Canada's #1 media company
Bell Media: Canada’s #1 media company 29 29
Slide 30: Crave streaming service
Crave Browse» SearchQ = More Infov Start Your 1 Month Trial CraveTV Original St. Perfect’s Day Start Your 1 Month Trial | CraveTV Recommends VIEW ALL (11) ANGIE 4 TRIBECA Law i
Slide 31: 30,000 advertising faces including Yonge & Dundas Square in Toronto
30,000 advertising faces including Yonge & Dundas Square in Toronto
Slide 32: Bell Media brings popular iHeartRadio brand to Canada
Bell Media brings popular iHeartRadio brand to Canada
Slide 33: Achieve a Competitive Cost Structure
6 Achieve a Competitive Cost Structure
Slide 34: Leading wireline profitability among peers
Leading wireline profitability among peers Wireline adjusted EBITDA margin 2016 42% 28% 27% 20% Disciplined cost management delivers industry-leading margins
Slide 35: Value creation
Value creation
Slide 36: Focused on sustainable dividend growth
Focused on sustainable dividend growth 13 Annualized dividend per share 97% $2.87 dividends $2.07 $2.17 $2.27 $2.33 $2.47 $2.60 $2.73 $1.83 $1.97 increases $1.46 $1.54 $1.62 $1.74 since 2008 Q4 Q1 Q3 Q1 Q3 Q1 Q2 Q1 Q3 Q1 Q1 Q1 Q1 Q1 2008 2009 2009 2010 2010 2011 2011 2012 2012 2013 2014 2015 2016 20
Slide 37: 3-year Total Shareholder Return
3-year Total Shareholder Return Dec 31, 2013 to Dec 31, 2016 46% 42% 32% 24% 22% 18% S&P/TSX 60 Index
Slide 38: 5-year Total Shareholder Return
5-year Total Shareholder Return Dec 31, 2011 to Dec 31, 2016 81% 83% 75% 67% 61% 54% S&P/TSX 60 Index
Slide 39: 8-year Total Shareholder Return
8-year Total Shareholder Return Dec 31, 2008 to Dec 31, 2016 251% 226% 152% 133% 110% 93% S&P/TSX 60 Index
Slide 40: Bell Let's Talk
Bell Let's Talk
Slide 41: Bell Let's Talk mental health initiative
Bell Let’s Talk mental health initiative 1. Anti-stigma 2. Care & Access 3. Workplace Health 4. Research A $100 million commitment built on 4 action pillars
Slide 42: Supporting mental health in the Ottawa community
Supporting mental health in the Ottawa community
Slide 43: Bell today just got better
today just got better Bell