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BCE (BCE) investor relations material
BCE Investor Day 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Strategic priorities and business transformation
Four core priorities: customer focus, best fiber and wireless networks, AI-powered enterprise solutions, and digital media/content growth.
Company-wide transformation targets $1.5B in cost savings by 2028 through operational efficiency and digitalization.
Strategic partnership with PSP Investments and acquisition of Ziply Fiber expands potential fiber reach to over 16 million locations in North America.
Diversified revenue streams in higher-growth, less regulated domains, and a refreshed brand centered on connection.
Cultural shift with 40,000 employees aligned to execute on strategic goals.
Financial guidance and capital allocation
Targeting 2–4% consolidated revenue CAGR and 2–3% adjusted EBITDA CAGR through 2028.
Free cash flow after lease payments expected to grow at a 15% CAGR, reaching ~$3.1B by 2028, with $5B in dividends planned.
Net leverage ratio to decrease to 3.5x by 2027 and 3.0x by 2030, with flat CapEx and lower capital intensity projected at ~14% by 2028.
$1.5B cost savings target by 2028, with further efficiencies expected beyond as legacy services are exited.
U.S. fiber expansion de-risks capital via PSP Investments partnership, with BCE investing $0.20–$0.25 per $1 spent.
Network, technology, and growth initiatives
Canadian fiber footprint to double by 2028; U.S. fiber locations to reach 3M by 2028 and 8M longer term.
Fiber penetration in new markets expected to reach 46% in five years, with upside to 50%+ in mature markets.
Launching Unbreakable Internet in 2026, leveraging fiber and 5G for ultra-resilient connectivity.
Space-based direct-to-cell service planned for 2026, targeting remote coverage and public safety.
AI-powered enterprise solutions business targeting $1.5B in revenue and 100% growth by 2028, with capital-light growth.
Next BCE earnings date

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