Slide 1: SEC Cover Sheet
COVER SHEET P w 0 0 0 0 1 1 7 7 G L o B E T E L E c o M N c (Company's Full Name) 5 I F G L olB E T E L E c o M P L A z A P o N E E R c o R M A D I s o N s T R E E T s M A N D A L u Y o N G c I T Y (Business No Tov\/n Province) ALBERTO M. DE LARRAZABAL I Contact Person mm Company Telephone Number Et
Slide 2: SEC Form 17-C Current Report
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17.C CURRENT REPORT UNDER SECTION 17 oF THE SECURTTTES REGULATTONS CODE (SRC) AND sRc RULE 17(a)-1(b)(3) THEREUNDER 1. 8 Mav 2012 Date of Report (Date of earliest event reported) 2. 1177 3. 000-768480-000 SEC ldentification Number BIR Tax ldentification Nu
Slide 3: Service Revenues and Core Net Income
5/8/2012 Amounts in ₱ Bn Service Revenues Core Net Income +6% -7% % Change Y/Y Q/Q 1Q12 +1% as new 20.2 Mobile +6% +1% 3.0 +48% 20.1 2.7 all-time high Broadband +13% +4% Fixed Line 1.9 +5% +3% Data 19.1 Fixed Line -11% -6% Voice Consolidated +6% +1% 1Q 2011 4Q 2011 1Q 2012 1Q 2011 4Q 2011 1Q 2012
Slide 4: Mobile Service Revenues and Key Mobile Metrics
5/8/2012 Mobile Service Revenues* Key Mobile Metrics In ₱ Bn ₱944Mn Y/Y Q/Q 1Q 2012 +6% Change Change 16.6 Mobile ₱195Mn 15.6 ₱16.6Bn +6% +1% Revenues +2% Subscribers 11.1 11.3 Postpaid 1.5Mn +34% +6% ₱748Mn Prepaid 29.5Mn +13% +3% +17% Total 31.0Mn +14% +3% 5.3 Gross Adds 6.1Mn +10% -1% 4.5 Net Add
Slide 5: Broadband churn improvements and services
5/8/2012 ₱ Significant improvements in churn rates across all technologies & services helping Nomadic - 28% drive growth in subscriber base (LY = 21%) Blended churn for 1Q at 3.8% from 4.4% last year and 4.6% last quarter Fixed, at-home use - 72% (LY = 79%) Revenues from fixed, @ home use includ
Slide 6: Personalized Mobile Services and Exclusive Device Offers
5/8/2012 • With ITXTALL30, Globe Prepaid subs can send Personalized Mobile Services 100 local or international SMS to 54 destinations worldwide for only ₱30 a day • Globe Prepaid gives subs the freedom to choose the promo that suits their varying needs and dynamic lifestyle. • SUPERFB10 - Unlimited
Slide 7: Net income drivers Y/Y and Q/Q
5/8/2012 In ₱ Mn Y/Y Q/Q 1Q12 1Q11 Change 1Q12 4Q11 Change Robust revenue growth but NIAT lower Y/Y with higher marketing, subsidy, and network expenses 1Q12 includes ₱138Mn in transformation-related opex – Excluding these charges, core NIAT lower by 4% Y/Y compared to reported 7% decline Agai
Slide 8: Opex and Gross Debt
5/8/2012 In ₱ Mn 1Q11 Interconnect Mktg & Staff Cost Network Other OPEX 1Q12 Subsidy Costs 4Q11 Interconnect Mktg & Staff Cost Network Other OPEX 1Q12 Subsidy Costs 11 ₱ End End 1Q 2012 1Q 2011 Gross Debt 51.2 50.5 in ₱ Bn Gross Debt to Equity 1.09 1.10 (limit – 2:1) Net Debt to 0.94 0.94 Equity Deb
Slide 9: Q&A / Annex
5/8/2012 Q&A Annex
Slide 10: Appendix: Quarterly Consolidated Service Revenues and EBITDA
5/8/2012 Appendix 2009 2010 2011 2012 (in million pesos) 1Q 2Q 3Q 4Q FY 09 1Q 2Q 3Q 4Q FY 10 1Q 2Q 3Q 4Q FY 11 1Q Consolidated Gross Service Revenues* Mobile 16,347 16,225 15,315 15,392 63,279 14,853 14,984 14,341 16,153 60,331 15,627 15,763 15,665 16,483 63,538 16,571 Fixed Line and Broadband 2,172
Slide 11: Appendix: Fixed Line and Net Income Reconciliation
5/8/2012 2009 2010 2011 2012 (in million pesos) 1Q 2Q 3Q 4Q FY 09 1Q 2Q 3Q 4Q FY 10 1Q 2Q 3Q 4Q FY 11 1Q Fixed Line and Broadband Broadband 638 724 864 1,063 3,289 1,174 1,399 1,531 1,645 5,749 1,788 1,861 1,908 1,940 7,497 2,017 Fixed line Data 716 723 772 827 3,038 831 866 901 890 3,488 949 906 97
Slide 12: Forward Looking Statements — Disclaimer
Forward Looking Statements — Disclaimer This presentation contains certain forward-looking statements. These forward-looking statements generally can be identified by use of statements that include words or phrases such as Globe or its management “believes,” “expects,” “anticipates,” “intends,” “pla