Slide 1: SEC Cover Sheet
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 COVER SHEET P W 0 0 0 0 1 1 7 7 G L O B E T E L E C O M , I N C . (Company's Full Name) 2 7 / F T H E G L O B E T O W E R 3 2 N D S T R E E T C O R N E R 7 T H A V E N U E B O N I F A C I O G L O B A L C I T Y T A G U I G (Business Address:
Slide 2: SEC Form 17-C Current Report
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONS CODE (SRC) AND SRC RULE 17(a)-1(b)(3) THEREUNDER 1. 7 February 2024 Date of Report (Date of earliest event reported) 2. 1177 3. 00
Slide 3: 4Q/FY 2023 Analysts' Briefing
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 4Q/FY 2023 Analysts’ Briefing 7 February 2024| The Globe Tower + Zoom
Slide 4: Record high service revenues and EBITDA driven by data and non-telco growth
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Record high service revenues and EBITDA driven by sustained growth of data-related and non-telco services SERVICE REVENUES EBITDA NORMALIZED CORE NIAT ▲3% ▲3% = ▲3% QoQ ▲4% QoQ ▼10% QoQ ▲5% YoY ▲11% YoY ▲38% YoY Consolidated revenues grew by
Slide 5: Mobile business higher by 5% YoY driven by mobile data
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Mobile business higher by 5% YoY driven by strong mobile data consumption growth across all brands; revenues at an all-time high Php Solid and stable topline growth 112.4Bn Voice despite the extended SMS macroeconomic pressures and ▲5% YoY ▲
Slide 6: Mobile subscriber base sustaining QoQ growth; higher ARPUs
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Mobile subscriber base sustaining QoQ growth; higher ARPUs reflective of the company’s quality subscribers MOBILE SUBSCRIBERS1 ▲2% 57.0 839 855 ▼34% YoY mn ▲4% QoQ YoY Mobile ARPU ▲24% ▲34% (FY22 vs FY231) 98 121 63 84 MOBILE DATA USERS1 36.
Slide 7: Fiber Broadband revenues expanded by 14% YoY
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Fiber Broadband revenues expanded by 14% YoY; managed the decline in Legacy QoQ Fixed Fixed Total Home Php Wired Wireless1 Broadband 25.1Bn Subscribers (in Mn) 1.1 0.6 1.8 ▼7% YoY YoY Change in ▼1% QoQ Subs = ▼57% ▼32% YoY Change in Revs ▲6%
Slide 8: Corporate Data revenues up 7% YoY driven by ICT
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Corporate Data revenues up 7% YoY driven by growth in ICT revenues; new all time high revenues for the full year 2023 FY23 CORP DATA REVENUES Php 18.3Bn ▲7% YoY | ▲6% QoQ CORE CLOUD BUSINESS APP CYBERSECURITY DATA CENTER BIG DATA & IOT ACCOU
Slide 9: Non-telco revenues sustain YoY growth; Mynt contribution
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Non-telco revenues sustain YoY growth trajectory post-ECPay deconsolidation; Mynt contribution now at 7.3% of Globe’s NIBT FY23 NON-TELCO FY23 MYNT REVENUES EQUITY SHARE Php 4.9Bn +18% YoY | -31% QoQ Php 2.37Bn +193% YoY | +16% QoQ Mynt Vega
Slide 10: Capital expenditures at Php70.6 Bn, lower by 30% YoY
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Capital expenditures as of end-December stood at Php70.6 Bn, lower by 30% YoY and reinforcing our guidance of lower spending Capital Expenditures (CAPEX) (in Php Bn) 34% 31% 61% 64% 44% CAPEX-to-Revenue Ratio Targeting 30-35% for 2024 FY23 C
Slide 11: PO issuances down to less than half of actual CAPEX
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 PO issuances down to less than half of actual CAPEX, setting the stage for Globe to return to Free Cash Flow Positive Historical Cash CAPEX vs. Purchase Orders (PO) (in USD Mn) Opportunistic PO Issuances have led to the elevated CAPEX paymen
Slide 12: CAPEX spending predominantly on data
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 CAPEX spending predominantly on data; efficient rollout ensures quality network customer experience FY23 CAPEX Breakdown Efficient CAPEX spending to maintain customer network experience 1,217 894 NEW CELL SITES BUILT 5G SITES INSTALLED 6,975
Slide 13: STT GDC Philippines: Key Highlights
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 STT GDC Philippines: Key Highlights Data Center Industry 7 Data Centers strategically located within the Philippines Growth Projections 2 sites under construction, namely, 124 MW - The data center colocation STT Fairview and 6 MW - STT Cavit
Slide 14: Sustaining Leadership and Ubiquity Across All Fronts
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Sustaining Leadership and Ubiquity Across All Fronts From the most widely used …To the largest and most trusted Finance App Cashless Ecosystem Over 94M Filipinos have tried GCash 211 Partner LGUs LTD ▲2.2x YoY Monthly Active Users12 December
Slide 15: Trust and Security reigned as our Utmost Priority
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Trust and Security reigned as our Utmost Priority Trailblazing Security Capabilities & Innovations Leading the Fight Against Scams & Fraud Enhanced Security Features Customer Education One with Regulators Developed with the global-best secur
Slide 16: Bridging Filipinos towards Financial Inclusion and Progress
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Bridging Filipinos towards Financial Inclusion and Progress Empowering Financial Services Growing Overseas Network Lending Wealth Management Insurance GCash Overseas Php 118B 9.5M 16.3M 6 Countries Available Loans Disbursed LTD GSave Registe
Slide 17: Continuing to deliver better everydays for Filipinos
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Continuing to deliver better everydays for Filipinos Micro-loans for everyday transactions Explore the world of crypto and NFTs Sakto Loans Borrow Load GCrypto NFT Hub For as low as P100 Get 7 days worth of load! Apl.De.Ap & Bitto Collab 15
Slide 18: Championing Payments as a Gateway to Financial Services
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Championing Payments as a Gateway to Financial Services SEND MONEY WEBPAY GCash Express Send GCash Pay Online 16 SCAN TO PAY INTERNATIONAL GCash Pay QR GCash Global Pay
Slide 19: Making a Positive Impact on the Environment and Community
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Making a Positive Impact on the Environment and Community More Green Heroes Planted More Trees 15.8M 2.7M Trees Planted Green Heroes (SINCE 2019) Estimated Carbon Avoided Helping Farmers 17 63.4K Tonnes of Carbon Dioxide Equivalent 8,600 Far
Slide 20: Highlighting Stories of Diversity and Inclusion
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Highlighting Stories of Diversity and Inclusion GCash Stories Financial Communications Award Corporate Social Responsibility Award 18 GCash Queer Market Ecommerce Award Diversity, Equity & Inclusion Award Werk With Pride DEI PR Program Award
Slide 21: Financial Highlights
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 FINANCIAL HIGHLIGHTS
Slide 22: Topline expansion driven by data and non-telco services
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Topline expansion driven by data and non-telco services; Core NIAT slightly down YoY due to elevated opex FY 20223 FY 2023 YoY % 3Q 20233 4Q 2023 QoQ % Gross Service Revenues 157,397 162,333 +3% 39,960 41,271 +3% OPEX and Subsidy1 (78,401) (
Slide 23: EBITDA margin well within guidance
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 EBITDA margin well within guidance as higher opex was fully offset by Globe’s strong topline performance QoQ 535 (in Php Mn) 274 364 327 260 610 46 20,730 20,203 ▲3% QoQ 3Q23 EBITDA Inc. in Inc. in Inc. in Staff Dec. in Dec. in Inc. in Dec.
Slide 24: Gross proceeds of Php57.4 Bn collected from tower sale
Globe has collected gross proceeds of Php57.4 Bn to date from DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 its tower sale and leaseback initiative; 60% of turnover already completed MIDC Frontier PhilTower Unity Total 1,306 towers in 1,350 Towers in 2,180 towers in Luzon; Portfolio Vis
Slide 25: 1Q24 Dividends
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Globe BOD approved 1Q24 dividend of Php25/share; revised policy emphasizes our commitment to sustainable and competitive returns We are revising our dividend policy to 60% to 90% of prior year's core net income. 1Q24 DIVIDENDS 25.00 ● This g
Slide 26: Balance sheet remains healthy; within bank covenants
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Balance sheet remains healthy despite challenging macro environment; comfortably within bank covenants FY 2023 FY 2022 Cash (in Php Bn) 16.6 18.0 Gross Debt (in Php Bn) 250.0 233.2 Gross Debt to Equity* (Max of 3:1) 1.6x 1.5x Net Debt** to E
Slide 27: FY23 targets met, reinforcing 2024 outlook
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 FY23 targets met despite macro pressures, reinforcing Globe’s consolidated 2024 outlook SERVICE REVENUES EBITDA MARGIN CAPEX PO ISSUANCES ~50% Low to mid single digit % USD 1.0Bn USD 600Mn growth OTHER CONSIDERATIONS ● Balance of tower turno
Slide 28: Thank you!
DocuSign Envelope ID: 69206ED0-6483-4CD9-9F0B-BBD0ECC55A92 Thank you!