Partner Communications Company Ltd.(PTNR) 首席执行官 Isaac Benbenisti 于 2019年 第一季度业绩 - 收益电话会议记录

Partner Communications Company Ltd. (NASDAQ:PTNR) Q1 2019 Results Earnings Conference Call May 30, 2019 10:00 AM ET

Partner Communications Company Ltd.(纳斯达克股票代码:[PTNR])2019年第一季度业绩收益电话会议2019年5月30日美国东部时间上午10:00

公司参与者

Gideon Koch - IR
Isaac Benbenisti - CEO
Tamir Amar - CFO

吉迪恩科赫 - IR

Isaac Benbenisti - 首席执行官

Tamir Amar - 首席财务官

电话会议参与者

Ladies and gentlemen, thank you for standing by. Welcome to the Partner Communications First Quarter 2019 Results Conference Call. All participants are present in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the call over to Mr. Gideon Koch. Mr. Koch, please go ahead.

女士们,先生们,谢谢你们的支持。 欢迎来到合作伙伴通信2019年第一季度业绩电话会议。 所有参与者都以只听模式进行。 [操作员说明]提醒一下,此会议正在录制中。

我现在想把这个电话转给吉迪恩科赫先生。 科赫先生,请继续。

Gideon Koch

Thank you. And thank you to all our listeners for joining us on this conference call to discuss Partner Communications' first quarter results for 2019. With me on the call today is Isaac Benbenisti, Partner's CEO; and Tamir Amar, our CFO.
Isaac Benbenisti will present an update on progress made in the company's strategy over the last few months. He will then hand over to Tamir, who will provide an overview of the financial and operational results for the first quarter. And finally, we'll move on to the Q&A.
Before we begin, I would like to draw your attention to the fact that all statements in this conference call may be forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended; Section 21E of the U.S. Securities Exchange Act of 1934, as amended; and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Regarding such forward-looking statements, you should be aware that Partner's actual results might vary materially from those projected in the forward-looking statements.
Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements are contained in the Partner's press release dated May 30th, 2019, as well as Partner's filings with the U.S. Securities and Exchange Commission on Forms 20-F, F-1 and 6-K as well as the F-3 shelf registration statement, all of which are readily available.
Please note the information in this conference call related to projections or other forward-looking statements is subject to the previous Safe Harbor statements as of the date of this call. For your information, this call is being rebroadcast simultaneously over the Internet and can be accessed through our website.
I will now turn the call over to Partner's CEO, Isaac Benbenisti. Isaac?

谢谢。感谢所有听众加入我们的电话会议,讨论合作伙伴通信公司2019年第一季度的业绩。我今天的电话会议是合伙人首席执行官Isaac Benbenisti

罗伯特卡尔洛维奇...

Good day everyone and welcome to our earnings conference call. Partner succeeded in starting the year 2019 with the positive momentum. Partner's fiber optics network already reached more than 400,000 households in more than half of Israel's cities across the country. And Partner TV continues to be the fastest-growing TV service in Israel, with over 152,000 subscribers.
In the cellular segment, we continued to maintain a low rate of churn by focusing on existing customers. This strategy is also reflected in the moderate decrease in ARPU that we recorded.
In recent months, we have also focused on providing value to Partner's customers in all areas of their group's businesses: cellular, Internet, TV, and the business division. This strategy is expected to bring results both in the revenue side and by increasing customers loyalty.
As part of this strategy, we are currently in the process of setting up a private customer service division. This will increase Partner's differentiation and competitive advantage over the other players in the market.
Even with the continued growth in TV and accelerated deployment of the fiber optics network, we still succeeded to maintain a net debt level of under ILS1 billion. Partner's financial strength offers us the flexibility for making strategic investments and for expanding activity in new and existing business areas.
I will now turn the call over to Tamir Amar for more details -- more detailed review and our financial results. Tamir?

大家好,欢迎参加我们的收益电话会议。合作伙伴以积极的势头成功地开始了2019年。合作伙伴的光纤网络已经覆盖了全国一半以上以色列城市的40多万户家庭。合作伙伴电视仍然是以色列发展最快的电视服务,拥有超过152,000名订阅者。

在蜂窝细分领域,我们通过关注现有客户继续保持较低的客户流失率。这一策略也反映在我们记录的ARPU适度下降中。

最近几个月,我们还专注于为其集团业务的所有领域的合作伙伴客户提供价值:蜂窝,互联网,电视和业务部门。预计此策略将在收入方面和提高客户忠诚度方面带来成效。

作为该战略的一部分,我们目前正在建立一个私人客户服务部门。与市场上的其他参与者相比,这将增加合作伙伴的差异化和竞争优势。

即使电视的持续增长和光纤网络的加速部署,我们仍然成功地维持了低于10亿伊拉克的净债务水平。合作伙伴的财务实力为我们提供了进行战略投资和扩展新业务和现有业务领域活动的灵活性。

我现在将把这个电话转到Tamir Amar了解更多细节 - 更详细的评论和我们的财务结果。塔米尔?

Tamir Amar

Thank you, Isaac. Good day everyone and welcome to our earnings conference call. Despite the significant competition that we continue to experience in the first quarter, we achieved relative stability in service revenue compared to the previous quarter, while continuing to grow our fixed-line segment activity, both in the number of subscribers and in revenues.
In the cellular segment, we continued to maintain relatively low churn rate, which was unchanged compared to the previous quarter and declined compared to the corresponding quarter last year. ARPU erosion was also relatively low made possible by, among other things, strategically focusing on customers that offer value for the company.
At the beginning of January 2019, an amendment to the network sharing agreement between the company and HOT Mobile was signed. As a result, from the beginning of this year, the accounting treatment for the jointly owned partnership with HOT Mobile, PHI, is as a joint operation instead of through the equity method.
Therefore, the company's relative share, 50% in PHI's assets and liabilities, was added to the company's balance sheet. The change did not materially affect the company's statement of income.
Starting with the first quarter of 2019, the company adopted the new accounting standard IFRS 16 leases, as required under IFRS. The impact of adopting IFRS 16 in the first quarter was an increase in adjusted EBITDA for the quarter by ILS39 million.
We concluded the quarter with adjusted free cash flow before interest payments of negative ILS11 million. Cash flow from operating activities totaled ILS213 million. Lease payments, presented in cash flows from financing activities, totaled ILS39 million.
CapEx payments totaled ILS185 million, reflecting the company's strategy to continue its relationship -- leadership in technologies with continued significant investment in our fiber optic infrastructures. This is only made possible by Partner's strong balance sheet.
In addition, in recent months, we have continued our Partner preparations for our future debt recycling with the private placement of untradeable option warrants exercisable for the company's Series G debentures. As a result, we already have arrangement in place for a significant portion of the company's expected funding requirements for the years through 2021.
And now I will be happy to open the call for question. Moderator, please begin the Q&A.

谢谢,艾萨克。大家好,欢迎参加我们的收益电话会议。尽管我们在第一季度继续经历了激烈的竞争,但与上一季度相比,我们在服务收入方面实现了相对稳定,同时继续增加固定线路细分活动,包括订户数量和收入。

在细胞市场,我们继续保持相对较低的流失率,与上一季度相比没有变化,与去年同期相比有所下降。 ARPU侵蚀也相对较低,其中包括战略性地关注为公司提供价值的客户。

2019年1月初,公司与HOT Mobile签署了网络共享协议修正案。因此,从今年年初开始,与HOT Mobile,PHI共同拥有的合伙企业的会计处理是一种联合经营,而不是通过权益法。

因此,该公司的相对份额(PHI资产和负债的50%)被添加到公司的资产负债表中。这一变化并未对公司的收益表产生重大影响。

从2019年第一季度开始,公司采用IFRS 16要求的新会计准则IFRS 16租赁。第一季度采用IFRS 16的影响是本季度调整后EBITDA增加了3,300万伊拉克第纳尔。

我们在本季度结束时调整后的自由现金流量,扣除利息为1,100万欧元。经营活动产生的现金流量总计2.13亿卢比。以融资活动的现金流量呈现的租赁付款总额为3,900万伊拉克第纳尔。

CapEx支付总额为1.85亿英镑,反映了该公司继续保持合作关系的战略 - 在我们的光纤基础设施方面持续大量投资的技术领先地位。只有合作伙伴强大的资产负债表才能实现这一目标。

此外,近几个月来,我们继续为合作伙伴准备未来的债务回收,并为公司的G系列债券提供非可交易期权认股权证。因此,我们已经为2021年的公司预期资金需求的很大一部分做出了安排。

现在我很乐意打开提问。主持人,请开始问答。

问答环节

There are no questions at this time. Before I ask Mr. Benbenisti to go ahead with his closing statement, I would like to remind participants that a replay of this call is scheduled to begin in two hours.
In the U.S., please call 1-888-254-7270. In Israel, please call 03-925-5929. And internationally, please call 9723-925-5929. The recording is also available on the company's website, www.partner.co.il.
Mr. Benbenisti, would you like to make a concluding statement?

目前没有问题。 在我请Benbenisti先生继续他的结束声明之前,我想提醒与会者,这次电话会议的重播计划在两小时内开始。

在美国,请致电1-888-254-7270。 在以色列,请致电03-925-5929。 在国际上,请致电9723-925-5929。 该录音也可以在公司网站[www.partner.co.il](http://www.partner.co.il)上找到。

本贝尼斯蒂先生,你想作总结发言吗?

罗伯特卡尔洛维奇...

Yes. Thank you. So, summarizing Q1, I think it's maintaining our core businesses along with the investment we do in our growth engines such as the TV and very important fiber optic project. And I like to thank you very much for the call. Thank you, everybody.

是。 谢谢。 因此,总结第一季度,我认为它正在维持我们的核心业务以及我们在增长引擎中所做的投资,例如电视和非常重要的光纤项目。 我非常感谢你的来电。 谢谢大家。

会议主持员

Thank you. This concludes the Partner Communications first quarter 2019 results conference call. Thank you for your participation. You may go ahead and disconnect.

谢谢。 这就是Partner Communications 2019年第一季度业绩电话会议的结果。 感谢您的参与。 您可以继续并断开连接。

相关问题

  • Partner Communications Co. Ltd. 电话会议
  • Partner Communications Co. Ltd. 财务报告

互联网券商的港股、美股开户教程

如果您对美股 或者 港股也感兴趣, 或者想要了解如何开户, 可以加我wechat: xiaobei006006, 同时也可以拉您进美股交流群哦。
最后的最后 祝大家都有一个美好的投资生活哦。

大家也可以关注【美股指南】公众号, 即可获得《小白投资美股指南(雪球「岛」系列)》电子书

写在最后
  • 美股开户教程, 请查看
  • 港股开户教程, 请查看
  • 美股、港股入金教程, 请查看
  • 美股、港股投资交流群, 请查看
  • 如何购买Partner Communications Co. Ltd.股票
  • 美股、港股付费交流群, 请查看

友情提示 转载请注明出处: https://investguider.com/topics/10314
暂无回复。
需要 登录 后方可回复, 如果你还没有账号请点击这里 注册