PTNR.TA - Earnings call transcript Q3 2022 | Partner Communications Co LTD

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 Third Quarter 2022 Results Conference Call. All participants are at present in a listen-only mode. [Operator Instructions].

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

Amir Adar

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

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

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

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

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

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

Avi Gabbay

results [ph] Thank call. morning translated I important to KPI value the plays robust my of the bringing simplicity achieve into to and earnings importance of call with everyone Good In Amir. an welcome our our In improvements experience, role customers. last conference about spoke execution. you this solid QX goal. ended to financial

simplicity on day is and in a accessible to ingredient agile, activities more more our making key productive, Focusing Partner potential day to customers. and existing its in more

the clearly For tariffs example, customers, bringing we few past own service in the our to we number doing our overall customers by reducing and discovery at and satisfaction packages. the optimized months productivity that By value quickly sales while of in find the our teams. adjusting helped packages to have of customer older and follow-up plants, our time and best more same offer improving

equipment which tied These requirements the deals of sales didn't the customers sorts color is while example at that plus least packages customers benefits implementing to to I satisfaction. from long-term Another maximize the match didn't of termination follow we needs purchases. this some of to rule better cellular that are the the and the increasing be to you gives changes one one hope revenue on customer two. value

XG space. at best for is As continuing deployment rollouts, its

play by fiber infrastructure Still, we're expedited attraction. note has deployment player XXX,XXX optic the expect We our over to we packages as optics value XG as our as and reached fiber dominant important that is and are population value fiber expanding In optic premium households, XX% network to chain homes a of connected of XG XG getting become infrastructure today. our an the important achieve continue with coverage it year. to role the end continues

match our to will diversified company previous I focus order is vast build areas the that level, the of new strength, a reach, which in sales been take to detailed the call, as equipment needed and has over Tzadok now for brand in will turn Sigal challenges, formalized a geographical records. one quarter. of results On new in Regarding said team employees for review management contribution the customer and more experienced the the financial new to I company and will their is base. call to which results the capabilities thank for to would Partner’s a our like

Sigal Tzadok

employment growth subscribers. The impact revenues, we in with Thank quarter this the million segment XX Shekels collective last agreement. Along control million to level From third in a increase in Shekels OPEX by the related to seasonality adjusted onetime XX% in million of fiber Shekels growth of year revenues XXXX, continue increased XXX quarter this stronger the to you, and of July the the result optics EBITDA quarter. expenses was cellular the despite in XXX Avi. continued from the of

base, noted of third Regarding Ministry XX,XXX number subscribers of Education by the quarter, cellular the subscriber during the as we last decreased quarter. package,

third last third the quarter subscribers, by the churn sale year. Cellular X.X% and this total XX quarter XX second of to last the in totaled in third quarter compared increased base compared increased subscriber cellular Excluding of to year. to the Shekels output the Shekels previous XX,XXX the in quarter X.X% the rate quarter the consecutive in of impact for

of subscribers and increased connected number fiber XX,XXX fiber the in XXX payments totaled years will fiber the of the Shekels fee cash XXX held third Turning million to now million of the from was million at the million Shekels in quarter connecting that last. Shekels quarter. quarter of our Net by totaled by the million of was XX unchanged compared CAPEX quarter flow penetration XX,XXX review including XX%. I a optic the briefly the XG of at fixed payment for to in quarter Shekels, license potential of funding third for investing. XX rate an to the Adjusted increase infrastructure optic free Shekels optic for to customers increased number the tender subscribers XX,XXX previous remains line the compared quarter the segment, and at buildings end The homes debt two the ago. XXX end in third

the ratio call quarter compared EBITDA last at be adjusted end of to X.X at will third at debt net for Q&A. X.X the happy year. stood quarter open to third questions. Moderator, the company's the I the the to ratio start now of of end Finally, please the

Operator

Instructions]. Thank you. [Operator

The first go of Kaplan David question from is Psagot. ahead. Please

David Kaplan

ads you A connected of us side, Hi, quick on everyone. good to the of tell customers versus evening fiber in line your lines from the the fixed on question me what new wholesale? split are can network

Avi Gabbay

XX% almost We of network. it do fiber. selling in Oh don't the our is

David Kaplan

schedule a have are this that goal changed, are schedule know higher that's I ahead so Has than now set you of or Okay. on the a little And more about far? passing bit the XXX,XXX you guys given success seen homes passed, year. anything thinking or homes you you you've that on are

Avi Gabbay

are on quite we schedule. No,

David Kaplan

or in the we year say CAPEX, next should correct? we of is end that into Okay, this year to so significant expect should should going a decrease see

Avi Gabbay

Again, sorry.

David Kaplan

to see CAPEX the fiber than lower that much should in case in XXXX network? fewer We expect investments in

Avi Gabbay

this the decide investments. of we home the are We budget many process the XXXX to on in other we to because are for we year how it pass have going and didn't summarize some and yet

till on elaborate our XXXX. budget So cannot I

David Kaplan

that think expect rate out you're same now you to at the rolling mean rolling would rate you that for continue would them possibility and be XXXX of passed there's a or out does a that? that in So there you homes fiber lower

Avi Gabbay

possibilities only discussing going XXXX. are the -- to not to -- a the other in that we other there's say we are it's be rate fiber, that let’s Definitely not low only issues we in of that do. it's issues there investment Still, we need, want investing

David Kaplan

of I talked last is Board can is know and far quarter where you the increase the us you as and far on free considering flow, Okay, cash that about then potential is we as or as a the where last given Partner as tell where higher dividend? continued and are question levels dividends,

Avi Gabbay

for dividends of intend first way should end the the we -- the believe XXXX. at the to summarize we the years and And five shareholders. then company by of decision company the enjoy to including yes and Okay, shareholders all, the say And the to we'll all the let's whether the enjoy make plan to the time five that the to budget almost then at the dividends to stakeholders plan amount. or no make And company the years business ahead. about to see same

you probably the understand, mean probably yes, what only what As and is issue it's I the amount -- is schedule. the issue is the

David Kaplan

you in And would dividend, be believe you this it a like semiannual would answered think annual do dividend? it have might question quarterly an or just you be past, do the a yet, that was

Avi Gabbay

We it want yet the don't discuss I Board, didn't so at to.

David Kaplan

much. very you alright, Okay, thank

Avi Gabbay

You are welcome.

Operator

Instructions]. questions at [Operator are further this time. no There

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

Avi Gabbay

continued next Partner we you. again staying while fiber XG look continues stability our together the of have we thank thank investment today company's to customers. Yeah, in deployments. us I in report in service to improvements for Well, good optics in you want the concluded to Correspondently quarter. Have team day. to days, a growth you these formalization further focused management and financial to speaking results the with the forward on joining and

Operator

for concludes XXXX Thank your you quarter call. the Thank third Communications you. Results Partner participation. This conference

You may disconnect. and go ahead

Partner Communications (PTNRF) 23 Nov 222022 Q3 Earnings call transcript