BCE (BCE) investor relations material

Company overview and business model

• Operates as Canada's largest communications company, offering advanced fibre, wireless, enterprise, and digital media services to residential, business, and wholesale customers in Canada and the U.S. through recent acquisitions.

• Business is structured into Bell CTS Canada, Bell CTS U.S. (including Ziply Fiber), and Bell Media segments, reflecting a diversified approach across geographies and services.

Financial performance and metrics

• BCE's net earnings before interest and tax for 2025 were $9,428 million, with an interest coverage ratio of 4.6x.

• Total consolidated debt for Bell Canada as of December 31, 2025, was $41,961 million.

• Recent debt issuances include $1.5 billion in junior subordinated notes and $750 million in debentures in early 2026.

Use of proceeds and capital allocation

• Proceeds from debt securities may be used for repayment of indebtedness, funding capital expenditures or acquisitions, and other general corporate purposes, with specifics to be detailed in future prospectus supplements.