Globe Telecom Inc. · PSE:GLO
Globe Telecom — Q3 2019 Earnings Presentation
18 slides from Globe Telecom's earnings presentation, Nov 6, 2019
Slide 1: SEC receipt barcode page
_ 111062019001903 [OMEVE} DEVE VOL) REG UG VOCE RED AT AY RY BBO aes. SEC Building, 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 Officer/Encoder : Julius N
Slide 2: Cover Sheet
COVER SHEET [eJwfofe fo Jo] {+ ]> |r| report lel etlreLT Titel TIT itt i ttl L | 2/7), 71F TIHIE G{L|O|} BJ E T/O;WIE|R 3/2{N/D SITIRIEJE|T clOjR IN jJE]R 7\)TIJH AIVIE|N]JUJE B/O|N]I |FJAJC{I}O GILJO}BIJA]L cy} 1IjTy]Y TJA/G| Ul I]G (Business Address: No. Street City / Town 7 Province) ROSEMARIE MA
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 1. _6 November 2019. Date of Report (Date ‘of earliest event. reported) SEC Identification Number 4. _ GLOBE TELECOM, INC. . . Exact Name of
Slide 4: 3Q/9M 2019 Analysts' Briefing
Slide 5: 9M19 Performance
9M19 PERFORMANCE 9M19 VS 9M18 3Q19 VS 3Q18 EBITDA Php 5 7 9 +17% EBITDA marai 5 Php +17% gins of 52% Bn YoY (9M19) and 51% (3Q19) Bn °— YoY 4Q19 DIVIDEND php) 2 7 5 RECORD DATE: November 20, 2019 e /sh PAYMENT DATE: December 6, 2019 Globe
Slide 6: Subscriber base: Postpaid, TM, GP
120.0 92.9 97.4 100.0 83.5 80.0 1.8 1.9 Postpaid Fixed 1.5 60.0 TM 40.0 Wireless GP 20.0 Wired 0.0 1Q19 2Q19 3Q19 3Q18 2Q19 3Q19
Slide 7: Operating metrics by quarter
403* 436 3.8 4.1 37.5 37.6 252 34.9 2.5 3Q18 2Q19 3Q19 3Q18 2Q19 3Q19 3Q18 2Q19 3Q19
Slide 8: Network expansion: new cell sites and base stations
New Cell Sites put up in 9M19 150% more vs 9M18 25% more vs FY18 Base Stations Expansion in 9M19 50% more vs 9M18 3% more vs FY18 Jan 19 Apr 19 Jul 19 Oct 19 Jan 19 Apr 19 Jul 19 Oct 19 Jan 19 Apr 19 Jul 19 Oct 19
Slide 9: Yondu and ECPay transactions
• On September 11, 2019, Globe • On October 25, 2019, Globe reacquired 51% of Yondu from acquired a 77% stake (49.28 million Xurpas for Php501 million shares) in ECPay, a payments solution platform, for Php1.54 billion
Slide 10: New Products, Services, and Initiatives
NEW PRODUCTS, SERVICES, AND INITIATIVES Globe is signatory to UN Global Compact i &> GP Glove f @ tobe GD rare «5 ~~ a ‘a / NN Network Philippines WE SUPPORT @iPhone11 Pro Globe
Slide 11: Financial Highlights
Slide 12: 9M19 income statement summary
9M18 9M19 3 YoY% 3Q19 2Q19 QoQ% (Restated) Gross Service Revenues 110,615 97,944 13% 37,736 36,876 2% OPEX and Subsidy1 (52,758) (48,649) 8% (18,461) (18,213) 1% EBITDA 57,857 49,295 17% 19,275 18,662 3% EBITDA Margin 52% 50% 51% 51% Depreciation (24,999) (22,315) 12% (8,545) (8,457) 1% EBIT 32,858
Slide 13: Investment Transactions in AFPI, Yondu, and ECPay
INVESTMENT TRANSACTIONS IN AFPI, YONDU, and ECPAY Sale of 20% Interest in AFPI to Mynt 20% AFPI Carrying Value On July 22, 2019, Globe Telecom completed the sale of its 20% interest in AFPI foratotal SaleConsideration consideration of Php240 million Gain on Sale for AFPI Transaction segs . . Fair Va
Slide 14: EBITDA bridge
12,671 2,132 2,030 845 1,245 2,121 57,857 49,295 9M18 EBITDA Inc. in Dec. in Inc. in Staff Inc. in Inc. in Network Inc. in 9M19 EBITDA Revenues Interconnect Costs Marketing & Costs Provisions, Charges Subsidy Services & Other OPEX 270 692 860 120 171 123 18,663 +3% 19,275 2Q19 EBITDA Inc. in Inc. in
Slide 15: Net income bridge
8,562 2,684 1,589 1,398 14,793 17,684 9M18 Reported Change in EBITDA Inc. in Depreciation Inc. in Non- Inc. in Tax 9M19 Reported Net Net Income operating expenses Income 613 88 161 44 +6% 5,637 5,317 2Q19 Net Income Change in EBITDA Inc. in Depreciation Inc. in Non- Inc. in Tax 3Q19 Reported Net ope
Slide 16: Capex Breakdown
Others, Business 9% CAPEX BREAKDOWN 63.0 Support, Core, 3% In Php Bn 14% 43.3 42.5 36.7 9% 9% 2% 1% Data, 75% 32.1 10% 7% 13% 8% 14% 82% 77% 11% 30% 32.0 65% 15% 48% 2015 2016 2017 2018 9M19 Data Business Support Core Others
Slide 17: 4Q19 Cash Dividend
4Q19 CASH DIVIDEND Php/sh 22.75 RECORD DATE: November 20, 2019 PAYMENT DATE: December 6, 2019
Slide 18: Slide 18