Slide 1: SEC barcode page receipt
LANNUU UL ANNO INU PUA LO AL AOU UY A TT 102052016001657 =) SECURITIES AND EXCHANGE COMMISSION It SECBuilding, EDSA. Greenhills, MandaluyongCity,MetroManila, Philippines Tel:(632) 726-0931 to 39 Fax:(632) 725-5293 Email; mis@sec.gov.ph Barcode Page The following document has been received: Receiving
Slide 2: 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 , 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: No. Street City / Town / Province) ROSEMARIE MANIEGO-EALA 7
Slide 3: SEC Form 17-C Current Report
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 Als ate of earliest event reported) ~ 2. 1177 ouniewcsan, = QOO-68-480 “SEC identification Number BIR Tax Identification Number Exact Name o
Slide 4: FY/4Q 2015 Analysts' Briefing
FY/4Q 2015 Analysts’ Briefing 9 February 2016 | The Globe Tower
Slide 5: Performance Highlights
Performance Highlights Service Revenues EBITDA Php 113.7B +15% vs FY14 Php 45.8B +17% vs FY14 • Record FY15 and 4Q15 revenues driven by robust growth of • Record FY15 EBITDA on the back of record service data across all key segments and the consolidation of revenues despite higher operating expenses
Slide 6: Revenue growth remains broad-based
Revenue growth remains broad-based mobile broadband fixed line data fixed line voice total FY15 vs. FY14 +9% +38% +40% +23% +15% 4Q15 vs. 4Q14 +8% +40% +49% +31% +15% mobile subscribers broadband subscribers* 44.0 +20% 52.9 2.8 +55% 4.3 million million million million FY14 FY15 FY14 FY15 Wireless Wi
Slide 7: Strong performance by mobile with prepaid now growing faster than postpaid
Strong performance by mobile with prepaid now growing faster than postpaid Postpaid Revenues (in Php Mn) Prepaid Revenues (in Php Mn) +7% +10% 31,928 53,177 +6% 29,919 +9% 48,150 7,808 8,285 12,688 13,826 4Q14 4Q15 FY14 FY15 4Q14 4Q15 FY14 FY15 Postpaid Gross Adds and Subscribers Prepaid Gross Adds
Slide 8: Data driving robust revenue growth across key segments
Data driving robust revenue growth across key segments 47% Total Data Revenues as a Percentage of 42% Total Service Revenues* 4Q15 FY15 Mobile Data Revenues** Broadband Revenues* Fixed Line Data Revenues* +55% +38% vs. FY14 vs. FY14 +40% +71% +40% +49% vs. FY14 vs. 4Q14 vs. 4Q14 17,458 22,107 vs. 4Q
Slide 9: Further seeding the data ecosystem through partnerships
Further seeding the data ecosystem through partnerships 1Gbps for Platinum iPhone 6s/6s Plus Star Wars Launch and BHS Galactic Celebration Globe Prepaid’s #STARTNOW With GoSURF promos Globe - Chromecast Globe – Cherry Mobile Partnership 6
Slide 10: Financial Highlights
Financial Highlights
Slide 11: Consolidated Financial Highlights
Consolidated Financial Highlights YEAR ON YEAR Globe Group YoY Change Globe (Ex-Bayan) YoY Change (in Php Mn) FY15 FY14 vs Globe Group FY15 vs Globe (Ex-Bayan) Gross Service Revenues 113,679 99,025 15% 110,842 12% Net Service Revenues 104,671 90,595 16% 101,866 12% OPEX & Subsidy* (67,872) (59,754)
Slide 12: Net of one-time adjustments, normalized net income up 11% YoY
Net of one-time adjustments, normalized net income up 11% YoY Normalized Net Income Globe Group YoY (in Php Mn) FY2015 FY2014 Change Reported Net Income 16,484 13,372 23% Add/Less: One-Time Adjustments (1,656) Gain on Previously Held Equity Interest (BTI) (431) Gain on Fair Value of Retained Interes
Slide 13: Higher revenues offset increases in OPEX mainly on network and subscriber-driven costs
Higher revenues offset increases in OPEX mainly on network and subscriber-driven costs YoY Change in EBITDA (in Php Millions) - - - 577 1,096 - - 14,654 2,517 1,814 - 2,114 +17% 39,271 39,271 53,347 52,251 49,735 47,921 45,807 45,807 2014 EBITDA Inc. in Inc. in Inc. in Staff Inc. in Inc. in Inc. in
Slide 14: Capital expenditures at approximately Php32.1 Billion
Capital expenditures at approximately Php32.1 Billion or USD704 Million, with majority of the investments related to data requirements CAPEX* (in Php Bn) 32% 35% 49% 48% 60% 50% 36% 27% 30% 29.1 32.1 24% 20.3 21.2 15% 10% 8% 11% 9% 9% 15% 15% 15% 6% 2012 2013 2014 2015 2011 2012 2013 2014 2015 * Bas
Slide 15: Gross Debt at Php 72.2 Billion, comfortably within covenant ratios
Gross Debt at Php 72.2 Billion, comfortably within covenant ratios 1Q16 Dividends Cash Dividend per Php 22.00/share Gross Debt 72,229 Common Share (in Php Millions) 69,301 65,276 Record Date February 22, 2016 2013 2014 2015 Payment Date March 4, 2016 1.66 2016 Total Shareholder Return Gross D/E Rati
Slide 16: 2016 Consolidated Outlook
2016 Consolidated Outlook Service Revenues • Revenues up by high single digit from 2015 level • EBITDA margin is expected to remain around 40%, as margins would be continuously impacted by the growth of our postpaid business, the increasing contribution of lower- margin data-related products and eff
Slide 17: Q&A
Q&A
Slide 18: Globe - Creating a Wonderful World
‘Vi ¥ Globe Creating a Wonderful World
Slide 19: Appendix: Historical Consolidated Gross / Net Service Revenues and EBITDA Margin
Appendix 1 Historical Consolidated Gross / Net Service Revenues and EBITDA Margin 2013 2014 2015 (In Million Pesos) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q CONSOLIDATED SERVICE REVENUES Mobile 17,124 18,717 18,232 18,691 18,456 19,342 19,775 20,496 20,271 21,304 21,419 22,111 Voice 7,670 8,268 8,052 8,3
Slide 20: Appendix: Core Net Income Reconciliation
Appendix 2 Historical Consolidated Gross / Net Service Revenues and EBITDA Margin (in Million Pesos) 4Q15 4Q14 % Change 3Q15 % Change Reported Net Income After Tax 2,340 2,846 -18% 5,434 -57% Deferred Tax on Unexercised Stock Options 54 (8) -772% (1,205) -104% Add (deduct) Forex loss (gain) 125 (48)
Slide 21: Consolidated Financial Highlights (Quarter on Quarter)
Consolidated Financial Highlights QUARTER ON QUARTER Globe Group QoQ Change Globe Ex-Bayan Globe Ex-Bayan (in Php Mn) 4Q15 3Q15 vs Globe Group 4Q15 4Q15 vs 3Q15 Gross Service Revenues 30,323 29,526 3% 28,881 3% OPEX & Subsidy* (19,194) (17,502) 10% (18,197) 9% EBITDA 11,129 12,024 -7% 10,684 -7% EBI