Mobilezone (MOZN) Status Update summary

Strategic realignment and divestment

• Agreement reached to sell German operations to freenet DLS GmbH, including all German business activities and brands.

• Focus shifts to the Swiss domestic market, leveraging 125 retail locations and strong brand presence.

• Proceeds of around EUR 230 million from the sale will be used for inorganic growth in Switzerland and debt reduction.

• Expected to strengthen margin and growth profiles, with a net cash position anticipated post-transaction.

• Transaction closing expected by end of 2025, pending Bundeskartellamt approval.

Financial outlook and dividend policy

• EBITDA and cash flow reduction from the sale to be fully compensated within three years through organic and inorganic growth.

• Targeting EBITDA of around CHF 70 million in 2028.

• Plans to maintain a stable dividend of CHF 0.90 per share until at least 2028.

• Potential share buyback program under consideration after transaction completion.

Operational and leadership changes

• Approximately 300 German employees to transfer to freenet, with leadership succession planned.

• Feyzi Demirel to become CEO of mobilezone Deutschland post-transaction; Wilke Stroman to remain as advisor.

• Gratitude expressed to German employees for their contributions and achievements.