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TheStreet Open House

Partner Communications Reports Second Quarter 2013 Results1

Key Financial and Operating Indicators (unaudited) 12

NIS M unless otherwise stated       Q2' 11       Q3' 11       Q4' 11       Q1' 12       Q2' 12       Q3' 12       Q4' 12       Q1' 13       Q2' 13       2011       2012
Cellular Segment Service Revenues       1,074       1,070       1,005       963       949       892       788       724       726       4,248       3,592
Cellular Segment Equipment Revenues 520 379 294 323 207 157 209 176 171 1,748 896
Fixed Line Segment Service Revenues 325 341 324 320 300 296 294 283 277 1,127 1,210
Fixed Line Segment Equipment Revenues 7 6 9 7 8 8 13 7 9 26 36
Reconciliation for consolidation -39       -45       -43       -42       -36       -38       -46       -46       -53       -151       -162
Total Revenues 1,887 1,751 1,589 1,571 1,428 1,315 1,258 1,144 1,130 6,998 5,572
 
Operating Profit 377 314 -55 248 245 217 155 95 102 1,036 865
 
Cellular Segment Adjusted EBITDA 502 447 407 363 367 328 256 186 198 1,896 1,314
Fixed Line Segment Adjusted EBITDA 84       82       71       75       56       73       84       82       82       282       288
Total Adjusted EBITDA 586 529 478 438 423 401 340 268 280 2,178 1,602
Adjusted EBITDA Margin (%) 31% 30% 30% 28% 30% 30% 27% 23% 25% 31% 29%
 
OPEX 913 952 889 872 853 793 744 720 700 3,517 3,262
 
Financial Expenses, net 99 81 55 55 73 68 38 49 71 294 234
Net Profit 205 172 -188 146 120 110 102 31 20 443 478
Total Dividend Declared - 140 - - 160 - - - 350 160
 

Capital Expenditures 13

75 132 131 133 113 125 121 130 122 471 492
Free Cash Flow 158 376 292 223 313 375 323 203 287 1,082 1,234
Free Cash Flow After Interest 37 363 209 199 270 310 255 192 193 847 1,034
 
Net Debt 4,856 4,718 4,639 4,450 4,209 4,072 3,812 3,622 3,446 4,639 3,812
 
Cellular Subscriber Base (Thousands) 3,175 3,201 3,176 3,147 3,098 3,042 2,976 2,932 2,921 3,176 2,976
Number of Fixed Lines (Thousands) 292 295 292 285 281 282 288 293 294 292 288
ISP Subscriber Base (Thousands) 632 632 632 618 609 594 587 581 572 632 587
Cellular ARPU (NIS) 112 111 106 101 101 97 87 82 83 111 97
Cellular MOU (Minutes) 396 410 407 424 437 457 483 496 532 397 450
Cellular Churn Rate (%) 6.5% 7.2% 8.2% 8.0% 8.9% 10.4% 10.9% 10.4% 9.4% 29% 38%
Number of Employees (FTE)               8,588       7,891       7,230       6,961       6,102       5,396       4,772       4,377       7,891       5,396
 

12 See first page for definitions. Including the results of 012 Smile from March 2011 , 2011 and 2012 annual numbers are audited 13 Cash capital expenditures in fixed assets including intangible assets but excluding capitalized subscriber acquisition and retention costs, net,



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