Web site terms and conditions
By accessing this Web site or downloading its content, you agree to be bound by the terms and conditions set out in this legal notice. If you do not agree to these terms and conditions, do not access this Web site nor download its content.
You are hereby advised that use of this Web site or any of its content in contravention of the following or otherwise contrary to law may result in civil or criminal prosecution or penalty. BCE Incorporated, its related companies and its content suppliers reserve the right to take any action necessary to protect and enforce their rights.
Caution about forward-looking statements
Certain statements made on this Web site are forward-looking statements and are subject to important risks, uncertainties and assumptions which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements on this Web site are made as of a specific date and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional information with respect to these risks, uncertainties and assumptions, refer to BCE Incorporated’s latest Annual MD&A, as may be updated in BCE Incorporated’s quarterly MD&As, as well as BCE Incorporated’s quarterly earnings press releases, all filed by BCE Incorporated with the Canadian provincial securities regulatory authorities (available at www.sedar.com (Opens in new tab)) and with the U.S. Securities and Exchange Commission under Form 40-F and Form 6-K, respectively (available at www.sec.gov (Opens in new tab)). These documents are also available on this Web site.
Non-GAAP and other financial measures
“Adjusted net earnings”, “adjusted net interest expense”, “available liquidity”, “free cash flow”, “excess free cash flow” and “net debt” are non-GAAP financial measures; “adjusted EPS” and “dividend payout ratio” are non-GAAP ratios; “adjusted EBITDA” is a total of segments measure; and “net debt leverage ratio” and “adjusted EBITDA to adjusted net interest expense ratio” are capital management measures. These financial measures do not have any standardized meaning under International Financial Reporting Standards (“IFRS”). Therefore, they are unlikely to be comparable to similar measures presented by other issuers. We define “adjusted EPS” as adjusted net earnings per BCE Inc. (“BCE”) common share and “dividend payout ratio” is calculated by dividing dividends paid on common shares by free cash flow. Refer to section 11 entitled “Non-GAAP financial measures, other financial measures and key performance indicators (KPIs)” of BCE’s management’s discussion and analysis for the year ended December 31, 2021 (“MD&A”) at pages 121 to 125 of BCE’s 2021 Annual Report for more information on these financial measures including, in the case of: (a) “adjusted net earnings”, a reconciliation to “net earnings attributable to common shareholders”, being the most comparable IFRS financial measure, (b) “adjusted net interest expense”, a reconciliation to “net interest expense”, being the most comparable IFRS financial measure, (c) “available liquidity”, a reconciliation to “cash”, being the most comparable IFRS financial measure, (d) “free cash flow” and “excess free cash flow”, a reconciliation to “cash flows from operating activities”, being the most comparable IFRS financial measure, (e) “net debt”, a reconciliation to “long-term debt”, being the most comparable IFRS financial measure, and (f) “adjusted EBITDA”, a reconciliation to “net earnings”, being the most comparable IFRS financial measure. In addition,“Adjusted EBITDA margin” is defined as adjusted EBITDA divided by operating revenues. BCE’s 2021 Annual Report, which includes BCE’s MD&A, was filed with the Canadian provincial securities regulatory authorities (available at www.sedar.com (Opens in new tab)) and with the U.S. Securities and Exchange Commission (available at www.sec.gov (Opens in new tab)), and is also available on this Web site.
All of the content contained in this Web site is protected by copyright, which is owned or licensed by BCE Incorporated, its related companies, or third party content suppliers. Users of this Web site may only use or reproduce such content for their own personal, non-commercial or educational use, and shall not otherwise use, modify, post, upload, redistribute, retransmit, reproduce, perform or publish such content without the prior written consent of the copyright holder. Users of this Web site must abide by all copyright notices, use restrictions and terms and conditions applicable to the content they are using, and include such notices, restrictions and terms and conditions in any copies of such content.
BCE and the BCE logo are trade-marks of BCE Incorporated Other product or service names referenced in this web site are trade-marks of BCE Incorporated or its related companies, or trade-marks of their respective owners.
Hotlinks and downloadable software
Hotlinks available on this Web site will allow you to link to Web sites not maintained or controlled by BCE Incorporated, including Web sites of BCE Incorporated’s related companies. BCE Incorporated provides these links for your convenience only, and is not responsible for the content of any linked Web site and makes no representation or endorsement whatsoever about any other Web site which you may access through this Web site. It is your responsibility to ensure that any Web site you choose to use is free of potentially destructive items such as viruses. Hotlinks to downloadable software Web sites are also provided for your convenience only and BCE Incorporated is not responsible or liable for any difficulties associated with downloading such software.
BCE Incorporated uses reasonable commercial efforts to ensure that the information contained on this Web site is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this Web site, including all stock price information, is provided for informational purposes only, and is not intended for trading or other purposes. Please note that stock price information is at least 15-minutes delayed and that all times indicated are Eastern Time. BCE Incorporated AND ITS CONTENT PROVIDERS ASSUME NO RESPONSIBILITY WITH RESPECT TO THE SEQUENCE, ACCURACY, OR COMPLETENESS OF ANY SUCH INFORMATION AND ARE NOT LIABLE OR RESPONSIBLE IN ANY WAY FOR ANY DELAYS, INACCURACIES, OR ERRORS IN ANY SUCH INFORMATION OR IN THE TRANSMISSION OF ANY SUCH INFORMATION. IN NO EVENT WILL BCE Incorporated OR ITS CONTENT PROVIDERS BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS WEB SITE OR THE CONTENT AVAILABLE OR REFERRED TO ON THIS WEB SITE, OR ANY OTHER WEB SITE YOU MAY ACCESS THROUGH THIS WEB SITE. The information contained on this Web site is not to be relied upon for any trading, business or financial purpose.
As a user of this Web site, you agree to defend, indemnify and hold BCE Incorporated and its related companies harmless from any and all liabilities, costs and expenses, including attorneys’ fees, related to your violation of the terms and conditions of this legal notice.
This Web site originates in Canada. It shall be governed by and construed in accordance with the laws of the province of Québec. All disputes, proceedings or claims arising out of or in connection with this Web site shall be submitted and be subject to the exclusive jurisdiction of the Courts of the province of Québec.
Products and services described in this Web site are offered in BCE Incorporated’s and its related companies’ operating territory. Some products and services referred to in this Web site may not be available in all parts of such territory.
The information contained on this Web site is subject to change and update at any time without prior notice.
The terms and conditions of this legal notice constitute the entire agreement between BCE Incorporated and the users of this Web site with respect to their use of this Web site. BCE Incorporated’s failure to insist upon or enforce strict performance of any provision of that agreement shall not be construed as a waiver of any right on its part. If any part of this legal notice is determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions hereof.