Slide 1: SEC Cover Sheet
COVER SHEET ,| P Vli 0 0 0 0 1 7 7 G L o B E T E L E c o M I N c (Company's Full Name) 5 I F G L o B E T E L E c o M P L A z A P I o N E E R c o R M A D s o N s T R E E T s M A N D A L U Y o N G c T Y (Business Address: No. Street City / Town / Province) ALBERTO M. DE LARRAZABAL mm Gontact Person mr
Slide 2: Financial highlights
8/7/2012 (In Php Mn) (In Php Mn) (In Php Mn) (In Php Mn) Dividends * Service revenues are presented at gross of interconnect expenses (from net previously) 1
Slide 3: Mobile revenues and subscribers
8/7/2012 Domestic voice, mobile browsing and international services improved YoY, boosting mobile revenues up by 6% YoY and 1% QoQ; Inbound SMS revenues lower with reduced access charges, but decrease in SMS-based interconnect expenses larger than revenue reduction Broadband and fixed line data
Slide 4: Broadband and subscriber base
8/7/2012 Fixed, at-home use = revenues from DSL and WiMax services Nomadic = revenues from prepaid and postpaid 3G HSPA+ services. (in ‘000) (in ‘000) 272 317 Globe Postpaid Globe Prepaid and TM • • Tattoo Broadband • • • • • 3
Slide 5: International business, pop-up stores, network and IT transformation
8/7/2012 International Business New Globe Pop-up Stores • • • Network / IT Transformation • The network modernization is on track to hit our year-end targets for the swap-out and critical areas are being prioritized. • Modernization of over 40% of • network equipment located in various cell sites al
Slide 6: Operating expenses and net income
8/7/2012 Y/Y Q/Q In Php Mn 1H12 1H11 Change 2Q12 1Q12 Change All-time High *Core NIAT excludes forex, mark-to-market gains and losses, and non-recurring items In Php Mn 2,117 390 23,088 428 (2,739, 13%) OPEX ITEM % 961 20,349 Network Costs 16% 1,157 Mktg & Subsidy 72% Interconnect -21% Other O
Slide 7: Net income bridge and 2012 capex guidance
8/7/2012 In Php Mn, after tax 2,156 Includes transformation related OPEX of P194Mn (before tax) 5,668 5,574 834 (94, 2%) 2,192 694 10 1H 2011 Higher Revenues Higher OPEX & Higher Dep'n & Net Changes in Effect of 1H 2012 Subsidy Amortization Non-operating Accelerated Dep'n Charges 2,928 146 7
Slide 8: Leverage ratios and dividends
8/7/2012 Covenant 3:1 1.7 Covenant 2:1 1.3 1.5 1.4 1.1 1.3 1.0 1.0 2009 2010 2011 1H 2012 2009 2010 2011 1H 2012 • 2nd semester dividend of Php32.50 per share 5.5% will be payable on 18 September 2012 to 4.8% shareholders on record as of 28 August 2012 • 2012 annual dividends of Php8.6 billion 2.9%
Slide 9: Consolidated gross service revenues and EBITDA
8/7/2012 2009 2010 2011 2012 (in million pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Consolidated Gross Service Revenues* Mobile 16,347 16,225 15,315 15,392 14,853 14,984 14,341 16,153 15,627 15,763 15,665 16,483 16,571 16,710 Fixed Line and Broadband 2,172 2,277 2,474 2,699 2,795 3,100 3,220 3
Slide 10: Wireless gross service revenues
8/7/2012 2009 2010 2011 2012 (in million pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Wireless Gross Service Revenues* Mobile 16,347 16,225 15,315 15,392 14,853 14,984 14,341 16,153 15,627 15,763 15,665 16,483 16,571 16,710 Voice 7,922 8,024 7,473 7,894 7,493 7,876 7,439 8,501 7,734 7,788 7,775
Slide 11: Core net income reconciliation
8/7/2012 1H12 1H11 % Change 2Q12 1Q12 % Change In Php Mn (after tax) Reported Net Income 4965 5499 -10% 2264 2701 -16% Add (deduct) forex loss (gain) -120 76 -258% -72 -48 50% Other Adustments - accelerated depn 823 - 736 87 746% Core Net Income 5668 5574 2% 2928 2740 7% 10
Slide 12: END
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