Globe Telecom Inc. · PSE:GLO
Globe Telecom — Q3 2022 Earnings Presentation
21 slides from Globe Telecom's earnings presentation, Nov 14, 2022
Slide 1: SEC Cover Sheet
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F 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: 7B36EF8C-C6E6-437E-904A-5613096AA20F 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. 14 November 2022 Date of Report (Date of earliest event reported) 2. 1177 3. 0
Slide 3: 3Q 2022 Analysts' Briefing
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F 3Q 2022 Analysts’ Briefing November 14, 2022 | Virtual
Slide 4: 9M22 revenues and EBITDA at all-time highs despite economic headwinds
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F 9M22 revenues and EBITDA at all-time highs, growing 3% and 6% YoY despite economic headwinds Service Revenues EBITDA Net Income +3% +6% +48% -2% -5% +13% Growth driven by data services 9M22 EBITDA Margin at 51% NIAT benefited from gains on s
Slide 5: Performance of non-telco businesses sustained
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Performance of non-telco businesses sustained, contributing 2.4% of GSR and 3.4% of income before tax OTHERS1 TOTAL Php 2.8B YoY Change in ▲22% ▲571% ▲116% ▲78% ▲7% ▲101% 9M22 Non-telco Revenue Revenue ▲101% YoY Contribution to GSR 0.2% 0.3%
Slide 6: Mobile business sustains growth, driven by mobile data revenue
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Mobile business sustains growth, up 3% YoY, driven by an 8% YoY increase in mobile data revenue MOBILE MOBILE MOBILE DATA VOICE SMS Php 80.6B 9M22 Mobile Revenue Revenue (in Php bn) 62.5 11.4 6.7 ▲3% YoY YoY ▼2% QoQ Change ▲8% ▼14% ▼7% QoQ C
Slide 7: Home broadband: Fixed wired sustains its growth
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Home broadband: Fixed wired sustains its growth, up 28% YoY, with Fiber revenue and subscribers up 108% and 64% YoY FIXED FIXED TOTAL HOME Php WIRED WIRELESS BROADBAND 20.5B 9M22 Broadband Subscribers (in Mn) 1.1 1.6 2.7 YoY Change in Revenu
Slide 8: Corporate Data revenue at record high
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Corporate Data revenue at record high, up 21% YoY driven by 96% YoY growth in ICT revenue Php 12.5B CORE ACCOUNTS CLOUD SOLUTIONS BUSINESS APP SOLUTIONS CYBERSECURITY SERVICES DATA CENTER SERVICES BIG DATA & IOT 9M22 Corporate YoY Data Reven
Slide 9: Network rollout momentum continues; most reliable mobile network
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Network rollout momentum continues; Globe Remains PH’s Most Reliable Mobile Network in Q3 1,064 10.6K 1,887 NEW CELL UPGRADED 5G SITES SITES BUILT MOBILE SITES INSTALLED Q3 2022 All Technology Q3 2022 All Technology Consistency Score Availab
Slide 10: Q3 2022 Updates on Mynt
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Q3 2022 Updates on Mynt
Slide 11: GCash: the #1 Finance App built around the largest digital ecosystem
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F GCash: the #1 Finance App built around the largest digital ecosystem With customers as our north star, we Php 71MRegistered 4.8T+ Gross Txn Value YTD 5.5M Merchants and continue to surpass other digital platforms Active Users, data.ai Users
Slide 12: Breaking Barriers to Improve Access to Financial Services
Breaking Barriers to Improve Access DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F to Financial Services GCash Lending Enabling users to use their pre-approved credit across use-cases GSave Reimagined savings with game-changing propositions GSave NEW! Marketplace ▲74% YoY ▲95% YoY Now wi
Slide 13: GCash goes beyond core markets to reach more Filipinos
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F GCash goes beyond core markets to reach more Filipinos Government Partnerships International Youth in partnership with Singapore Malaysia Japan South Korea
Slide 14: Regulatory Update: SIM Card Registration Act
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Regulatory Update: SIM Card Registration Act ● Implementing Rules and • Republic Act No. 11934, or the SIM Card Registration Regulations [IRR] required Act, was signed into law on October 10, 2022. within 60 days from effectivity • With this
Slide 15: Financial Highlights
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Financial Highlights
Slide 16: Revenue and EBITDA at record highs; Normalized NIAT up 6% YoY
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Revenue and EBITDA at record highs; Normalized NIAT up 6% YoY and Normalized Core NIAT sustained at Php16Bn level 1/ OPEX & Subsidy includes interconnect charges 2/ Core Net Income excludes forex, mark-to-market gains and losses, and non-rec
Slide 17: Revenue improvement and cost management drive YoY growth in EBITDA
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Revenue improvement and cost management drive YoY growth in EBITDA YoY (in Php Mn) ▲ ▼ ▼ ▲ ▼ ▼ ▲ ▲6% QoQ (in Php Mn) ▼ ▲ ▲ ▼ ▼ ▲ ▼ ▼5% 15
Slide 18: FY22 CAPEX guidance maintained at USD1.7bn
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F FY22 CAPEX guidance maintained at USD1.7bn, representing peak CAPEX in PhP terms due to forex 9M22 CAPEX BREAKDOWN In USD Bn ● 9M22 CAPEX spend at USD1.3bn (Php74.4bn), with 84% for data- related requirements ● FY22 represents peak capex in
Slide 19: Gearing: Balance sheet remains healthy on the back of sound capital management
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Gearing: Balance sheet remains healthy on the back of sound capital management 9M 2022 FY 2021 Globe turns to alternative Unrestricted Cash (in Php Bn) 10.6 19.9 forms of financing to provide flexibility and improve Gross Debt (in Php Bn) 24
Slide 20: DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F 18
Slide 21: Appendix: Side-by-side comparison of tower portfolios
DocuSign Envelope ID: 7B36EF8C-C6E6-437E-904A-5613096AA20F Appendix: Side-by-side comparison of tower portfolios Tower Company MIDC FRONTIER PHILTOWER 1,306 towers in Luzon; and 2,223 Portfolio 2,180 towers in Luzon 1,350 towers in VisMin (28% Rooftop, 72% Ground-based) guyed towers nationwide (10%