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BCE (NYSE:BCE) 2025 Earnings Call Presentation
2025-10-14 12:30
Financial Goals and Growth - BCE aims for a revenue growth of 2%-4% CAGR from 2025 to 2028[54] - The company targets adjusted EBITDA growth of 2%-3% CAGR between 2025 and 2028[62] - BCE plans to achieve cost savings of $1.5 billion by 2028[57] - The company aims for a net debt leverage ratio of 3.5x by the end of 2027[145] - BCE projects a free cash flow (FCF) after lease payments CAGR of approximately 15% from 2025 to 2028[138] Strategic Priorities and Investments - BCE aims to reach approximately 6 million Crave paid subscribers and approximately $1 billion in Crave annual revenue by 2028[6, 579] - The company plans to pass 16+ million fibre locations[74] - BCE targets approximately $1.5 billion in AI-powered solutions revenue by 2028[6, 105] Segment Performance - Consumer & Small Business revenues are expected to grow at a CAGR of 1%-2% from 2025 to 2028, reaching approximately $15.9 billion[178] - Ziply Fiber projects revenue of approximately $0.9 billion and adjusted EBITDA of approximately $0.4 billion by 2025, with a CAGR of 15%-20% and 14%-18% respectively from 2025 to 2028[441] - Enterprise external revenue is projected to be approximately $5.2 billion in 2025, with AI-powered solutions contributing approximately $0.7 billion, and a CAGR of 2%-4% from 2025 to 2028[449]