PTNR Partner Communications

Gideon Koch IR
Isaac Benbenisti CEO
Tamir Amar CFO
Call transcript
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Ladies and gentlemen, thank you for standing by. Welcome to the Partner Communications First Quarter 2021 Results Conference Call. All participants are present in a listen-only mode. [Operator Instructions] Following management's formal presentation, instructions will be given for the question-and-answer session.

As a reminder, this conference is being recorded. to call like to now would turn over the Mr. I Koch. Gideon ahead. Please go

Gideon Koch

will the our then detailed and Communications' for you Thank an over on an business CEO; conference Tamir overview to on Partner us first you, the update quarter. Isaac call VP And Fiber-Optics. results our Amar, quarter to discussion and discuss our the Isaac and and thank call all today provide who listeners He Benbenisti, will Tamir, over results. developments for hand more With year to we'll will the quarterly XXXX. on of a move for is finally, Q&A. joining to our operational first Partner's me and results provide financial Partner's this CFO of

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might from be should that such statements, forward-looking statements. Regarding you those the Partner's vary actual forward-looking aware in results materially projected

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have Investor you now any turn over the to further call Benbenisti. XXX-XXXX. Adar, call, Head free hand following and of please Projects, Relations (XX) questions Amir Partner's feel Isaac our CEO, will the XXX If Corporate I to to contact our on

Isaac Benbenisti

customer and conference in ended the significant Thank X.X%, quarter growth the the skies our of and in of you, to the last the welcome levels base, a our XG part the and at million period the XXXX organic lowest churn call. rate the of our lockdown with growth to quarter returned on In The ILS supported continued prior the Partner investment quarter. everyone, with COVID-XX the the of decade. which end company's focus loyalty earnings to continued in the subscriber cellular day, Good all for first operational segment, the areas. of a Gideon. X.X rate despite revenues subscriber full closed totaled of the

dwelling units. buildings are already in We rollout of raised Fiber have buildings by more than and independent to reaches XXX,XXX The the municipalities infrastructure. and rapid have already the Partner big characterized low XXX,XXX across as single begun which recently -- infrastructure of and Partner's country fiber optic today, continuing connected deploy reached raised in of with households to infrastructure the

such very connected unique company Video subscribed to Prime XXX,XXX Video the led as and in penetration rate proud are employees. in unveiled As with content of process a today. an Amazon fiber approximately cooperation potential subscribers honored expansion has have a with the parallel Prime proposition I'm of Partner XX% today, optic from with Partner's of end first XXX,XXX localizing quarter, value of services buildings. magnificent infrastructure, the and wonderful Israel. a we At households of the in representing to Internet TV the over customers

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Tamir Amar

of quarter decrease Thank we we call in the activity, growth you, of Isaac. returned XXXX. government-mandated XX segment, the continued period to more able revenues level flourish In lockdown the despite time, services. growth revenue the to in year, the during improving of maintaining fixed-line revenues equipment corresponding excluding also period the the ILS same segment complete were The from from At the quarter first that absence quarter, roaming the in first the than offset million same gross compared while increase sales. sales such international received the equipment despite near to XXXX, to continuing its loss we also last cellular OpEx, while due profit third refund revenue the of to

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broadcast our second XXXX. services, technical quarter, a of television grew by X,XXX the the of number was Regarding in malfunction increase the subscribers January rate which approximately television by of during impacted week in the

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refund, than quarter. impact continued along of in of growth the roaming compensated maintain revenues this budgetary and activity, and for the part increased rest to this of the cost-cutting near-complete EBITDA in adjusted more through cessation X%, reflecting and with travel lockdown of intend by cellular Excluding which fixed-line the We discipline the international the budgetary the on year. measures services discipline

XXXX cessation expects a travel of first in quarter to impact the quarter although be second continue services air negative of the compared the will seen, XXXX. the ahead, Looking in recovery can complete almost of slight of roaming that the company

However, interest XXX cash two Adjusted its totaled payments it for quarter CapEx the differ expected quarters. scope in is before million. million. payments free from ILS totaled lease to materially XX not flow including ILS the preceding

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make would statements. concluding Benbenisti, like Mr. you to your

Isaac Benbenisti

Thank you. Yes.

unique saying statement very was years. me, with I you company future. thank to a you, to bright for of for Thank all a anticipate short Thank on very for It a believing time you and us. X us. a Just you being wonderful for the

everybody. So thank much, very you


you. the Thank Partner call. XXXX you conference for first quarter results Thank Communications participation. This concludes your

disconnect. for may ahead go You