Bezeq The Israeli Telecommunication (BEZQ) Investor presentation summary

Strategic pillars and value creation

• Focus on leading digital infrastructure, growth drivers, operational excellence with AI, and a robust financial position to drive revenue growth and operational efficiency.

• Nationwide fiber and 5G deployment, strategic connectivity hub, and future-ready infrastructure are key priorities.

• ARPU growth, higher broadband speeds, and 5G monetization are central to growth strategies.

• Operational excellence includes headcount reduction, end of CapEx cycle, and cost savings.

• Strong balance sheet and healthy free cash flow support synergistic investments and shareholder returns.

Financial targets and performance

• 2029 targets: NIS 8.7–8.9B core revenues, NIS 4.2–4.4B Comp EBITDA, and NIS 2.65–2.85B net income.

• Fiber take-up rate to reach 43%, 85% of postpaid subs on 5G, and 50% of TV subs in bundles.

• ARPU targets: broadband ~NIS 150, TV + fiber bundle ~NIS 50, yes TV ~NIS 215.

• FCF CAGR projected at >10% with stable net debt/EBITDA and AA credit rating.

• Dividend distributions and payout ratios have increased, supporting sustainable capital returns.

Market position and infrastructure

• Holds 53% broadband market share, 23% in mobile, and 33% in TV, leading in all segments.

• 3.5M homes to be passed by fiber by 2029, with infrastructure ready for 50Gbps.

• 90% 5G site deployment targeted by 2029, supporting IMEC cable connectivity.

• Public perception surveys confirm leadership in internet reliability and service quality.

• Highest broadband ARPU among competitors, reflecting premium positioning.