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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 2012 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 2011 amounted to CHF 2,068 million.

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4. What was the total dividend payout for the Swisscom share over the last three years?
The Board of Directors proposed an ordinary dividend per share of CHF 19 for the 2008 financial year, CHF 20 for 2009, and an increase to CHF 21 for 2010. For the 2011 financial year, the Board of Directors will propose to the Annual General Meeting of Swisscom Ltd to be held on 4 April 2012 a dividend of CHF 22 per share. Further information can be found here.

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5. What is the ownership structure of Swisscom's shares?
At 31 December 2011 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. 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 2012 financial year?

Net revenue for 2012 is expected to be slightly lower year-on-year. Price erosion will continue, albeit at a weaker pace. Revenue from new business will be unable to fully offset the price-related fall in net revenue. Swisscom expects to close 2012 with a decline in EBITDA to around CHF 4.4 billion. Future annual capital expenditure will be up to CHF 2.2 billion. The higher figure versus 2011 will exclusively concern Swiss business, in which Swisscom expects to invest around CHF 1.7 billion.

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