Sunrise Investor Overview

Sunrise Financial outlook 2020 슈 Higher ■ Service revenue growth driven by B2B and cont'd customer momentum in postpaid, internet, and TV revenue ■ Revenues of low-margin hardware and hubbing to remain volatile ↑ 2020 guidance ۱۸ Higher adj. EBITDA ▪ Use GP upside for growth investments ▪ Efficiency program will support adj. EBITDA growth to exceed GP growth Revenue CHF 1,875-1,915m Adj. EBITDA CHF 675-690m Capex CHF 410-450m Dividend guidance eFCF impacted by Capex ■ Incremental 2020 network Capex largely financed by solid balance sheet, not impacting dividend policy ■ 2021 Capex normalization to materially improve eFCF, fully covering 2021 dividend ■ Annual 4-6% dividend growth 2018-21: CHF 4.55-4.65 per share for 2020 ■ Long-term dividend policy: at least 65% of eFCF dividend pay- out; targeting 85% if net debt / adj. EBITDA is below 2.3x Guidance is including IFRS 16 impact, which is expected roughly stable YoY; leverage ratio of 2.3x was previously 2.0x, now adjusted for IFRS 16 accounting change 5

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