Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong...
Transcript of Swisscom · 2011. 3. 24. · Swisscom Ltd, Press Conference, Zurich, 17 February 2011. 2010 Strong...
Swisscom Annual Press Conference
17 February 2011, Zurich
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
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
3
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
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
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
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
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)
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
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
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!
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
12
Cars
ten
Sc
hlot
er
CEO
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
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
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
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
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
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
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
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
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
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
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
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
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
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
26
Uel
i
Die
tiker
CF
O
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
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
%)
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
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
)
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
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
Swisscom Ltd, Press Conference, Zurich, 17 February 2011
33