Internet Gold - Golden Lines Ltd.
Internet Gold - Golden Lines — Investor Presentation (September 2016)
12 slides from Internet Gold - Golden Lines's investor presentation, Sep 6, 2016
Slide 1: Internet Gold is a telecommunications-oriented holding company
Internet Gold (TASE and Nasdaq: IGLD) is a telecommunications-oriented holding company. Internet Gold's holds 64.8% interest in B Communications Ltd. ("BCOM") (TASE and Nasdaq: BCOM), which in turn holds the controlling interest (approximately 26.3%) in Bezeq - The Israel Telecommunication Corp., Is
Slide 2: Eurocom Group structure
Satellite Services Space Communications Ltd. Satcom Sys Ltd. Telecom Consumer Electronic Products Eurocom Cellular Communications (Microsoft, Motorola, ZTE) Eurocom Digital Communications (Panasonic, Uniden) D.M. Engineering Ltd. Real Estate Eurocom Real Estate Ltd. MIDTWON EITAG Ltd. Eurocom was fo
Slide 3: Shaul Elovitch and Doron Turgeman
Shaul Elovitch * Founder & Chairman Over 40 years experience building leading communications businesses and other major investments businesses Doron Turgeman CEO since 2011 & CFO from 2001 till 2011 20 years experience in management 18 years experience in communications Proven capabilities in: Strat
Slide 4: Company history 1999 to 2015
1999 to 2006 2007 to 2009 2010 to 2015 Founded in 1999 under the name Goldtrade, operating in the field of e-commerce, as a subsidiary of IGLD, and as the operator of the e-commerce web site P1000 In 2004, IGLD increases its holdings in the Company to 100% Restructure of IGLD into a holding company
Slide 5: Holding structure: Internet Gold, B Communications, Bezeq
Eurocom Group Internet Gold Golden Lines B Communications Private ● M.cap (Bil. NIS) - 1.0 ● NAV (Bil. NIS) - 1.8 ● Net debt (Mil. NIS) - 545 ● Net debt / EBITDA - 4.77 ● Listed - TASE, NASDAQ ● M.cap (Bil. NIS) - 2.8 ● NAV (Bil. NIS) - 3.6 ● Net debt (Bil. NIS) - 1.9 ● Net debt / EBITDA - 4.00 ● Li
Slide 6: IGLD's share in BCOM's NAV and LTV
IGLD's share in BCOM's NAV IGLD's Net Debt LTV
Slide 7: Market value of IGLD's holding in BCOM and LTV
Market value of IGLD's holding in BCOM IGLD's Net Debt LTV
Slide 8: Bezeq business segments
ions 100% 100% 100% 100% 100%, 8 iB...) oe —| = a Jepone Fixed-Line Bezeq Int'l Pelephone s Bezeq on line 2015 8960 2015 1 576mm
Slide 9: Bezeq revenues, net income, EBITDA, free cash flow
Revenues Net Income EBITDA Free Cash Flow
Slide 10: Bezeq dividends
Special dividend Dividend Based on its ownership interest, BCOM will receive ~ 26.3% of Bezeq's annual dividends. Since 2006, Bezeq has paid over NIS 25.8 billion (US$ 6.8 billion) in dividends. On August 3, 2016, the Board of Directors of Bezeq resolved to recommend to the general meeting of its sh
Slide 11: Series C and D Debentures
Series C Debentures Series D Debentures All amounts include future estimated interest payments As of September 1, 2016
Slide 12: Term definitions
Term Definition Liquidity balances Cash and cash equivalents and short term investments. Net debt Total financial liabilities minus liquidity balances. Loan To Value - LTV Solo Net debt to Company’s share in Bezeq’s market cap. Dividend yield Total dividends paid by the company during last 12 months
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