Loading...
Docoh

Partner Communications (PTNR)

Participants
Amir Adar Head of Investor Relations and Corporate Project
Avi Zvi CEO
Tamir Amar Deputy CEO and CFO
Chris Reimer Barclays
Call transcript
Due to licensing restrictions, you must log in to view earnings call transcripts.
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Partner Communications Second Quarter 2021 Results Conference Call [Operator Instructions].

As a reminder, this conference is being recorded. I would now like to turn the call over to Mr. Amir Adar, Head of Investor Relations and Corporate Project. Mr. begin. please Adar,

Amir Adar

on financial then thanks us And and Communications all listeners Tamir With our quarter Zvi, will detailed Tamir, is Thank to who CEO; Partner's this to conference finally, provide joining and me a XXXX. year CFO. on for our Deputy update Partner on Q&A. call Partner's call for today results over Avi you, Amar, CEO the you Avi the to to second and results. business hand on of and our we'll move quarterly discussion an then provide development. operational He will the will discuss

of Securities be US begin, that the the meaning forward-looking US to Securities would I of the draw Reform to of amended, of amended the Exchange harbor Section we Act Act as XXA Private provision all Act your XXE this fact and in of XXXX of attention the as may Litigation statements safe Before Section statements the XXXX US within Securities of like XXXX. call conference

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

of subject this factors previous from and release Please or call statements the call. that harbor projections F-X to Securities that related F-X Exchange actual Additional well as all is in information the filings the XXXX as which of safe forward-looking Partner's the with readily XX-F, X-K, August statement, differ are conference statements the other date Commission statement Forms materially note US as and as cause this concerning of XX, are to the those contained information self-registration results dated available. in to could on press forward-looking in Partner's well as

also Web is now can accessed and be this the broadcast site. through For your our over Internet call being information,

the me now XXX-XX-XXX-XXXX. you questions feel I free have contact please turn following call Partner's Zvi. CEO, further call, Avi over to at Avi? If any to will the

Avi Zvi

segments its infrastructure to advance with an be leadership financial the review to of to will project. I with I earnings and take and conference to future. now with along begun continues even the Along the brand strategy impact I towards while service human business Partner you, order and everyone, Thank still operational privileged loved Partner lines creative time innovation in that the to company a Good a the been being the results. Tamir at Partner part of a in morning, know Since Israeli at studying a strength noticeable. of is of took Amir. in June, In lead set for and call our both to mechanics. profitability resource, least management, into COVID-XX, Partner's both of and couple product the our to like further the call. to our operational have excellent and in lead we a ago, office with technological Partner's actual steps promote management detailed even strategy diverse communications new its in when employees, new financial market, increase organization, very incredible over its members, a is together Amar new months up activity growth, second turn quarterly feel profitability Board and main professional, getting a significant refresh maintaining in its customer quarter, company. would A I've and and Israel, welcome this deep to to

Tamir Amar

that last maintaining period roaming enabled service cellular in growth the EBITDA. return continuing corresponding profit. increase cost line growth along along base with segment led services revenues structure to adjusted improvement fixed an in Thank an a while you, subscriber growth In in year. revenues with of The revenues A quarter second to factory XXXX, the in Avi. growth of continued, moderate compared

and churn Our to in last in year, a revenues, to corresponding in compared although the ILSXX offset compared by cellular the subscriber were The services XX,XXX base a ARPU quarter the decrease in totaled totaled mainly year. the lesser interconnect moderate X.XX erosion, in million last in rate to X.X% roaming the continued at increase which to an quarter X.X% reflecting quarter amounted corresponding ILSXX the quarter quarter. partially price revenues. decrease extent the increase the end, quarter in of

to the fixed-line Turning segment.

buildings. infrastructure. optic beginning of optic connecting the infrastructure year, totaled focus of the The from optic in rate at to number increase Partner's of XXX,XXX at XX,XXX subscriber connected potential of fiber and penetration the the the the quarter. was increase base an quarter, buildings company's of connected quarter in connected continue to an fiber quarter, customers XX,XXX of end homes buildings XX,XXX the the XX% XXX,XXX We since of on within reflecting the in to fiber our end

impact year level discipline. the content our The television reflects subscriber and remains Note increased include base of OpEx our in the had television of the The quarter over of in X subscriber quarter the the in to the at removal, company joined base last of due of removal budgetary XX,XXX results leaves subscribers result XXXX, as due of the stable placed and level times subscriber by the months channels base XXXX quarter. expanded whilst to Sport premium the being for quarter the during Including Regarding quarter the second in who remained had mainly periods services, was that company's OpEx without excluding we trial decrease the charge of a and employees by others. that expenses, related on various the second the was or decreased payroll to a unpaid XX,XXX in and COVID-XX. of corresponding usual impact grew than six carried lower usage. reported out the

company's mandate fiber the for an for estimate We governmental amount similar the million. in contribution funds of of XXXX quarter ILSX incentive addition, the second of In results amount shall a provisioned a to the be the include year. funds fiber that provision second the the quarter Adjusted of totaled increase excluding ILSXXX to fund provision. quarter an compared the the XXXX half million, during XX% the an last in increase of second corresponding year of EBITDA X% incentive of and

ahead, continue moderate Looking to of in recovery due air third the continued quarter expects in travel roaming company the increase services revenue XXXX. in to the the

and in possible totaled payments of including Adjusted for million. compared quarter is for payments ILSXXX the for the possible implication lease new of before with quarter COVID-XX million million debt retreat totaled quarter at Net ILSXXX of travel. the a interest However, cash the flow air corresponding adjusted variant the view X.X stood end free at end CapEx ILSX of ILSXX The to the end the EBITDA call quarter increase financial last at questions. year, the be company's million. of ILSXXX the net an for of ratio I the robustness debt the Moderator, of begin please open with million at at strong to happy company the Q&A. quarter. remains now the will the

Operator

question Barclays. first is The Instructions] Tavy Rosner from of [Operator

Chris Reimer

of we could I And see happen market? you question and for could the Tavy. cellular Chris is progressing and seeing? was you're penetration mention the if a Reimer some dynamics about if two parts. about what is talk needs that, before first around more how on following to is little wondering of you pricing that My XG This

Avi Zvi

going it down. engines the no at a carrier XX virtually carrier our last of on been in means it's we Chapter to When this customers in [XQ] look the a almost year's you can X% steadily. providers, market part from court XX,XXX week, slowly big one which the previous quarter, it’s at question changes, first now happen again to Xfone, to what's down -- filed XX,XXX And around moderate. number. or quarter the ago, are in same year of around now. The replacing our versus of see sensitive their they're ARPU. pricing. the their deal down less that's pressing quarter that home it's people the pricing XX,XXX When right XX,XXX we to see ARPU is per there’s Regarding question, our is versus and and the This going your the it's the pricing in with look market, pressure carriers, it's And the regarding you

within about the affect words a the things So XG? will to want probably going few outcome say forward. Do you

Tamir Amar

in the since beginning the three all the a see auction all in Yes, we August it's we one won years cellular it's say, our such customers. we XG base. It's not interest about our coming for are in programs progressing only the to when XG. quarters. are but more the we our last plans two but supposed take, to and let's year following And It's the our plan. establishing more the according penetrate selling in to to basement accordingly, to it and see And lot of started we to and cellular XG,

Chris Reimer

just one And more.

we're that at operating any the we're changes that the of items looking be just we you affected If expenses? might how out be that to post-COVID, Now COVID now at should mention any could of lockdown? specifically

Tamir Amar

COVID-XX. we order of to segments So the handle a started, disciplines Last the first other and of action it in lot of situation. lot just to all in year, different all, side I hurt order was save when did the in from year think that the last OpEx a money that COVID of the a roaming

see nowadays, that cycle. are its mitigated of are think about of the company, almost the this that that all although are fourth the see we profitable of results of although, fourth most cycle in in the already that full although, cessation are such still the also we we we OpEx already impact I COVID-XX, to travel, go air for our ready to in we company can working the And company. in employees big the way still the

segment which fourth maybe are TV following So a quarters, reason, this dramatically in and are OpEx, although, if the Cellular at grow means stability cycle. we that COVID-XX in in sure, see to that you the ready OpEx, efficient. more the Infrastructure eight the we handle look quite and the for segment, And segment we more, you will even for

Operator

[Operator is next Instructions] The Sargot]. Salamon [Elad of question from

Unidentified Analyst

would shekel to if I let's the know under regarding say, to ARPU to is plan, like the the XG? actually, additional business So your expected, what

Avi Zvi

try It's mathematical stages too the tough that. relatively also like From second, too We're not to I being And It's the deployment gut early. us at than early not carriers. it technology, early feeling the only more tough. there the and XX% think of and than a give less real rest stage of coverage, answer deployment answer a for is to the revenue a too that, will average it's happen of when to early seems too at to But -- think numbers from number. I to escalate. upside with will what a a this expect will user around in once be we're it irresponsible it's

Unidentified Analyst

And regarding to the fixed-line service revenue.

what the a that this see decline reason we slightly So is in segment?

Tamir Amar

sorry? what, in Decline

Avi Zvi

Fixed-line…

Unidentified Analyst

Fixed-line service revenue.

Tamir Amar

So dramatically from first our of service revenues last the the as quarter increasing. is increasing, of not but fixed-line still all,

You to see can quarter each that a to a for wait course, if jump. year-over-year, trends. increase. this I will quarter-to-quarter, next And see of quarters according there X% of the two is kind

So don't the I question. really understand

Unidentified Analyst

quarter, million No, say million, ILSXXX quarter compared last slightly ILSXXX which is it because so I two in if to declined. the

So be for XXXX, representative what I wonder would XXXX? whole the number

Tamir Amar

sorry, we questions? Maybe it figures. it one-to-one, other Any I'm don't these manage offline we'll will see I take please. and

Avi Zvi

answer ILSXXX ago. quarter, and from ILSXXX up from to that, just Elad, the previous a ILSXXX is million million up million, fixed-line year the

Tamir Amar

increase. [X%]

Avi Zvi

quarter. previous from increase smaller the And

Operator

There are further no time. this at questions

The on Zvi make is I Israel, a in replay XXX-X-XXX-XXXX. the statement? Mr. hours. call to his please please go participants concluding recording site, Mr. XX-XXX-XXXX; internationally, begin scheduled ask is that remind Web I would to and available www.partner.co.il. In this the XXX-XXXX; US, call ahead like to Before two X(XXX) like Zvi, of statement, to also please call you closing would company's in your call with

Avi Zvi

and, be in Thank joining. steps while all resources at the implementing have coming value questions. tightening will of our strategy, our want We're, operational will Partner within course, for on to service additional management's we will of excellence. have again your new business focused emphasis on our weeks management too you refreshing the ensure Yes. that tell and the areas attention operational creation. our I if in strategy team stabilizing core are profitability The any that you taking customers, all course, its you for

Have you again to want we today us next forward look thank quarter. to I to day. and for speaking So good joining you a

Operator

XXXX Thank you. the participation. concludes Quarter Second This Thank Conference Call. Results for Partner you Communications your

ahead You and may disconnect. go