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  1. What are the cornerstones of Swisscom's financial policy?
  2. Where can I find information on Swisscom's share performance?
  3. How is the payout policy structured?
  4. What was the total dividend payout for the Swisscom share over the last three years?
  5. What is the ownership structure of Swisscom's shares?
  6. Where are Swisscom shares traded?
  7. Where can I find information on the (last) Annual General Meeting?
  8. Where can I find information on upcoming Swisscom (financial) events?
  9. What is the outlook for the 2011 financial year?
 

1. What are the cornerstones of Swisscom's financial policy?
The cornerstones of Swisscom's financial policy are:

  • Maximum net debt of approximately two times EBITDA
  • Annual review of need for strategic flexibility (versus net debt limit of approx. two times EBITDA)
  • Funds not required for strategic flexibility can be returned to shareholders in addition to dividend payments based on 50% of operating free cash flow (OpFCF).
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2. Where can I find information on Swisscom's share performance?
We have an interactive share price graph where you can call up the closing rate on any given day. You will find this and other functions on the "Share price" page.

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3. How is the payout policy structured?
In accordance with Swisscom's payout policy, up to half of the operating free cash flow (OpFCF) is paid out to shareholders in the subsequent year, with payment at least on a par with the previous year's dividend. Swisscom defines OpFCF as: EBITDA minus capital expenditure plus/minus changes in net working capital minus payouts to minority interests. Operating free cash flow in fiscal 2010 amounted to CHF 2,512 million.

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4. What was the total dividend payout for the Swisscom share over the last three years?
In 2007 the Annual General Meeting defined the dividend as CHF 17. The Annual General Meeting held on 22 April 2008 approved the payment of an ordinary dividend of CHF 18 and a special dividend of CHF 2 per share. For the 2008 financial year the Board of Directors proposed an ordinary dividend of CHF 19 per share,  CHF 20 for 2009 and an increase to CHF 21 per share for 2010. For further information , click here.

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5. What is the ownership structure of Swisscom's shares?
At 31 December 2010 the share capital of Swisscom Ltd amounted to CHF 51,801,943, divided into registered shares with a nominal value of CHF 1 per share. The shares are fully paid-up. The Swiss federal government has a majority holding in the company in terms of capital and votes. It currently owns around 57% of the issued shares, which equates to 29,494,000 Swisscom shares. The remaining 43% are freely tradable (free-float).

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6. Where are Swisscom shares traded?
Swisscom shares are listed on the SIX Swiss Exchange in Zurich and are traded in the main SIX Swiss Exchange segment. Trading in the United States is over-the-counter (OTC) as a level 1 programme. The instrument used is American Depositary Receipts (ADR).

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7. Where can I find information on the (last) Annual General Meeting?
We have summarised the most important information from the last Annual General Meeting under Corporate Governance. Here you will find all the minutes, speeches and presentations as well as video streams and, of course, the voting results.

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8. Where can I find information on upcoming Swisscom (financial) events?

On the "Financial calendar" page you will find a list of all current and upcoming Swisscom events.

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9. What is the outlook for the 2011 financial year?

Swisscom expects to close 2011 with net revenue of around CHF 11.5 billion, EBITDA of around CHF 4.6 billion and capital expenditure in the region of CHF 2 billion. The capital expenditure does not include expenses in connection with the mobile frequency auction planned for 2011 since it is not possible at this point in time to reliably estimate the prices that will ultimately be paid. For this reason, Swisscom is not making any forecasts concerning the level of operating free cash flow.

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