Cellcom Israel Ltd. · TASE:CEL
Cellcom Israel — Merger or Acquisition (November 2015)
11 slides from Cellcom Israel's merger presentation, Nov 5, 2015
Slide 1: Acquisition of Golan Telecom
Israel Cellcoiit Acquisition of Golan Telecom November 2015. SWE GPO
Slide 2: Forward-Looking Statements
ced FORWARD-LOOKING STATEMENTS ‘The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). In some cases, you can identify these statements by forward- look
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). In some cases, you can identify these statements by forward-looking wo
Slide 4: Golan's financial information prepared by Golan
Golan's financial and operational information included in this press release was prepared by Golan and provided to the Company as part of Golan's representations in the Agreement. Golan's financial information included in this press release was prepared by Golan in accordance with Israeli GAAP. Isra
Slide 5: Golan Telecom Snapshot
Golan Telecom Snapshot * Entered the Market in May 2012 * Low Cost player with aggressive prices and basic service (1) * Apx. 900K subscribers (most of them private) * 32% Annual churn rate (last 4 quarters) * NIS 500 million revenues(2) * NIS 53 ARPU (H1 2015) * (2) NIS 204 million EBITD (1) As of
Slide 6: Transaction Summary
Transaction Summary * In November 2015,Cellcom entered an agreements to a share purchase transaction (1) * Total transaction value is NIS1.17 billion representing NIS 1.0 billion EV of Golan Telecom * The transaction represents a multiple of 5.0x FY2015 Golan Telecom Adj. EBITDA(2) * Cellcom is curr
Slide 7: Highly Complementary Combination
Highly Complementary Combination [GRAPHIC OMITTED] (1) As of September 2015 (2) Adjusted EBITDA before national roaming costs calculated annually based on the first 8 month of 2015 6
Slide 8: Telecom Transactions EBITDA Multiple
Telecom Transactions EBITDA Multiple [GRAPHIC OMITTED] Source: public figures 2013-2015
Slide 9: Golan EV Range
Golan EV Range(1) [GRAPHIC OMITTED] (1) Based on external valuation (2) Net of NIS 0.16 billion working capital adjustments and tax shield
Slide 10: Value Creation
Value Creation [GRAPHIC OMITTED] (1) Cancellation cost NPV of network sharing agreement with Golan for a period of 10 years (WACC 9%). In case the transaction is not approved by the regulators until the lapse of 12 months after signing, Golan will pay the Company the difference for national roaming
Slide 11: Soft Synergies and Contact Us
Soft Synergies [GRAPHIC OMITTED] (1) Golan doesn't sell cell phones 10 Contact us Shlomi Fruhling Chief Financial Officer Elad Levy Investor Relations Manager E-mail: investors@Cellcom.co.il Tel : + 972 52 9989735 Fax: + 972 52 9989700 11 Signatures Pursuant to the requirements of the Securities Exc
Cellcom Israel — Merger or Acquisition (November 2015) on 6ix