Cellcom Israel Ltd. · TASE:CEL
Cellcom Israel — Q1 2026 Earnings Presentation
15 slides from Cellcom Israel's earnings presentation, May 2026
Slide 1: Investor Presentation Q1 2026
Investor Presentation Q1 2026
Slide 2: Cellcom Group
3.68M Subscribers 32 % Market Share 2 Leading brands No. 1 Israel’s leading retail The largest mobile brand with extensive operator in Israel nationwide coverage Mobile Services Cellcom Group (1) 389 K 357 K 275 K Cellcom Energy A complete range Internet Subscribers Fiber Subscribers TV Subscriber
Slide 3: Aligning the Stars: Strategic Growth Engines
Aligning the Stars Strategic Growth Engines Mobile revenue Continued Growth in fiber Growth in Growth in Operational Reinforcing the growth with investment in subscribers end user the business excellence brands and focus on 5G the mobile equipment sector group narrative sales network sales 3
Slide 4: Key Business and Operational Initiatives
Key Business and Operational Initiatives Increasing Increasing Reinforcing the Maintaining a AI agent Growth in the Developing digital mobile revenue internet revenue brand’s leadership clear lead as implementation business sector channels and with a focus on through fiber in Israel’s Israel’s large
Slide 5: Cellcom Group | Q1 2026
Cellcom Group | Q1 2026 Summary of quarterly growth (compared to Q1 2025) in key operational and financial metrics (1) (2) Mobile Subscribers Mobile ARPU Fiber Subscribers Internet ARPU Thousands (excluding interconnect fees) Thousands 3,679 +77 37.2 NIS -0.6 357 +23 99.6 NIS +1.7 Services Revenue M
Slide 6: Financial Results
¥K Celicom Financial Results
Slide 7: Services Revenue
Services Revenue Mobile Revenue Fixed Services Revenue (1) NIS millions NIS millions +2 -6 409 411 304 298 Q1'25 Q1'26 Q1'25 Q1'26 Growth in package revenues was offset by a decline in Lower revenues from international operations roaming service revenues as a result of the war and Land line intercon
Slide 8: Mobile Sector
Mobile Sector Mobile Subscriber Base Mobile ARPU Thousands Excluding interconnect fees (NIS) +77 -0.6 3,602 3,679 37.8 37.2 Q1'25 Q1'26 Q1'25 Q1'26 Continued growth in mobile Lower roaming service revenues were subscribers offset by growth in package revenues 8
Slide 9: Fixed Services
Fixed Services Internet Subscriber Base Internet ARPU Thousands NIS Copper infrastructure +8 +1.7 Fiber infrastructure 381 389 47 32 99.6 357 97.9 334 Q1'25 Q1'26 Q1'25 Q1'26 Approximately 92% of the subscribers Increase in average revenue per subscriber are on fiber infrastructure 9
Slide 10: End user Equipment
End user Equipment Gross Profit from End user equipment NIS millions +7 60 53 Q1'25 Q1'26 Increase in end-user equipment gross profit despite the impact of the war 10
Slide 11: Financial Metrics
Financial Metrics Operating Profit Net Profit NIS millions NIS millions +8 +12 118 110 72 60 Q1'25 Q1'26 Q1'25 Q1'26 11
Slide 12: Financial Metrics
Financial Metrics Free Cash Flow (1) NIS millions +21 115 94 2024 2025 (1) As defined in the Board of Directors’ Report. 12
Slide 13: Financial Metrics
Financial Metrics Net Debt to Adjusted EBITDA Ratio Financial Debt (1) (1) NIS millions -0.43 -607 (2) Cash and deposits (1) Net debt 1,847 1.16 222 1,625 1,318 0.73 300 1,018 Q1'25 Q1'26 Q1'25 Q1'26 Decrease in net debt ratio Decrease in net financial debt (1) As defined in the Board of Directors’
Slide 14: Legal Disclaimer
This presentation has been prepared by Cellcom Israel Ltd. (the “Company”). It provides a brief and general overview of the Company’s operations and is intended solely to provide general information to investors. This presentation does not include a full and detailed description of the Company’s act
Slide 15: Contact us
contact us Investors Website: investors.cellcom.co.il Email: investors@cellcom.co.il Phone: 052-9989735 Thank you!