Slide 1: Cover Sheet
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F 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: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F 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. 07 August, 2024 Date of Report (Date of earliest event reported) 2. 1177 3. 00
Slide 3: 2Q/1H 2024 Analysts' Briefing
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F 2Q/1H 2024 Analysts’ Briefing 07 August 2024 | The Globe Tower + Zoom
Slide 4: Core net income surges 21% in 1H, buoyed by exceptional business performance
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Core net income surges 21% in 1H, buoyed by exceptional business performance, effective cost management CONSOLIDATED GROSS EBITDA¹ CORE NET INCOME¹ SERVICE REVENUES¹ ▲21% YoY to Php11.7 Bn ▲4% YoY ▲7% YoY 11.7 82.2 43.0 9.7 = QoQ 79.2 40.1 ▲
Slide 5: Mobile extends momentum, growing by 7% YoY
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Mobile extends momentum, growing by 7% YoY; improving data consumption growth across all brands Php 58Bn = ALL TIME HIGH! TOTAL 1H24 MOBILE SMS: 7% Php 48Bn = ALL TIME HIGH! REVENUES 48.0 MOBILE DATA Voice: 11% ▲9% YoY php ▲1% QoQ 58.4 billi
Slide 6: Growing mobile subscriber base generating stable ARPUs
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Growing mobile subscriber base generating stable ARPUs reflective of MOBILE SUBSCRIBERS* Globe’s quality customers ▼28% YoY 59.5 mn ▲1% QoQ MOBILE ARPU BY BRAND MOBILE ARPU MOBILE DATA USERS 846 864 876 886 BY REVENUE ▼1% YoY SMS 37.0 12 12
Slide 7: Fiber Broadband expanded by 4%, decline in Legacy and 4G FWA
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Fiber Broadband expanded by 4%, decline in Legacy and 4G FWA continue deceleration TOTAL 1H24 Fixed Fixed Total Home BROADBAND REVENUES Wired Wireless Broadband 12.1 1.2 0.5 1.7 Subscribers (in Mn) php bn ▼6% YoY |▼2% QoQ YoY Change in ▲6% ▼
Slide 8: GFiber Prepaid accelerates growth in Q2
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F GFiber Prepaid accelerates growth in Q2 combined with highest ARPU and reload rate across Globe prepaid brands Acqui jumps to 3.5X growth QoQ. Reload Rate shows quality acqui GSR accelerates with quality subs Payment channels includes Gcash,
Slide 9: Corporate Data revenues up 8% YoY
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Core Cloud Business App Cybersecurity Data Center Big data Accounts Solutions Solutions Services Services & IOT YoY Change in Revenues ▲ 7% ▲ 5% ▲ 22% ▲ 7% ▼ 52% ▲ 19% Corporate Data TOTAL 1H24 CORPORATE DATA REVENUES revenues up 8% YoY driv
Slide 10: Non-telco revenues and Mynt equity share
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F 1H24 TOTAL NON-TELCO REVENUES¹ Mynt contribution now at 12% of Globe’s NIBT from last year’s 6%, equity share 1.2 more than doubled php bn ▼26% YoY | ▲9% QoQ Mynt² Vega STT 1H24 MYNT EQUITY SHARE² Equity Share in 2,263 286 280 2.26 Affiliate
Slide 11: Capital expenditures at Php28.3 Bn, lower by 25% YoY
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Capital expenditures as of end-June stood at Php28.3 Bn, lower by 25% YoY and on track with our guidance of lower spending CAPITAL EXPENDITURES (in PhP Bn) 31% 61% 64% 44% 34% CAPEX-to-Revenue Ratio 1H24 CAPITAL EXPENDITURES 101 93 71 28.3 p
Slide 12: Cash CAPEX vs. Purchase Orders and Free Cash Flow
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Cash CAPEX vs. Purchase Orders (in USD Mn) 2,263 1,852 1,858 1,846 1,712 2024 Guidance: CAPEX: USD 1Bn 1,218 1,253 POs: USD 600 Mn 1H24 PO issuances of 600 Opportunistic PO issuances USD 279Mn down to 57% of actual Cash CAPEX, Free Cash Flow
Slide 13: CAPEX spending predominantly on data
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F CAPEX spending predominantly on data; efficient rollout ensures quality network customer experience 1H24 CAPEX Breakdown Business Core: 1% Support: 7% Others: 1% 352 new cell sites built 256 Data: 91% 5g sites installed 1,942 upgraded mobile
Slide 14: Core services unaffected by Crowdstrike software issue
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Globe’s core services, which include call, text, and data connectivity, were unaffected by the Crowdstrike software issue
Slide 15: #AlagangGlobe
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Our core services also remained operational amid impact of Typhoon Carina, habagat #AlagangGlobe Globe has provided connectivity support and other forms of aid for residents in affected areas
Slide 16: Globe supports new law versus financial scams
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Globe supports new law versus financial scams; AFASA—a welcome step to deter fraud Globe believes Anti-Financial Account Scamming Act will complement the Cybercrime Prevention Act and the SIM Registration Act, strengthening security measures
Slide 17: STT GDC Philippines On Track with its Data Center Builds
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F STT GDC Philippines On Track with its 22MW IT Capacity today, >3,200 racks Data Center Builds 33 MW by 2025, 52MW by 2026 80% rack utilization* *includes contracted space Construction Updates STT FAIRVIEW ● Completion by April 2025 ● Structu
Slide 18: Mynt Updates: $5B Valuation
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F MYNT UPDATES GCash is the first and only $5B unicorn in the Philippines $5B Valuation More than doubling its $2B valuation in 2021! One of the largest and most Japan’s largest banking group and enduring conglomerates in one of the largest fi
Slide 19: Mynt Updates: Championing financial inclusion
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F MYNT UPDATES Championing financial inclusion in everyday moments Sustaining relevance in Filipino lives Trailblazing industry excellence 8 in 10 Filipinos have Customer Experience Solution Award used GCash* PHILIPPINES *as of 2023 SME Soluti
Slide 20: Creating more opportunities through financial services
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F MYNT UPDATES Creating more opportunities through financial services Lending Wealth Management Insurance Loans Disbursed (LTD) ▲73% GStocks Users ▲7969% Policies Sold (LTD) ▲156% Php 155B YoY 682K YoY 28.3M YoY Unique Borrowers (Jun ‘24) GSav
Slide 21: Unlocking new ways for Filipinos to maximize GCash
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F MYNT UPDATES Unlocking new ways for Filipinos to maximize GCash Sakto Loans GStocks PH Send Money Protect Enabling eligible Boosting number Providing extra borrowers to avail of investors in PH protection from high-ticket loans stock market
Slide 22: Enabling Filipinos to Experience the Future of Fintech
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F MYNT UPDATES Enabling Filipinos to Experience the Future of Fintech Last June 28, GCash held its annual flagship event, FutureCast, Introducing game-changing innnovations to journey Filipinos to the Future of Fintech inspired by our customer
Slide 23: Financial Highlights
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Financial Highlights
Slide 24: Topline expansion driven by data; Core NIAT higher
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Topline expansion driven by data; Core NIAT higher on controlled costs, strong EBITDA improvement 1H 2024 1H 2023* YoY % 2Q 2024 1Q 2024 QoQ % Gross Service Revenues 82,226 79,153 ▲4% 41,077 41,148 = OPEX and Subsidy (39,262) (39,004) ▲1% (1
Slide 25: EBITDA margin tracking above guidance on effective cost management
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F EBITDA margin tracking above guidance on the back of effective cost management; lower OPEX complementing strong topline performance 1,825 726 822 523 312 827 42,964 YoY 66 in PhP Mn 40,493 ▲7% YoY 1H23 EBITDA Inc. in Inc. in Inc. in Staff De
Slide 26: Total gross proceeds from tower sales at P72.1 billion
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Total gross proceeds as of end-June 2024 at P72.1 billion; Frontier portfolio fully turned over as of July 31.6 php MIDC php FRONTIER bn bn 17.0 3.4 php php PHILTOWER bn UNITY bn Closed out Frontier Towers last July 23, 2024 (100% turnover),
Slide 27: 3Q24 dividend of Php25/share
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Globe BOD approved 3Q24 dividend of Php25/share underlying our commitment to sustainable and competitive returns 3Q24 CASH DIVIDENDS 25.00 php /sh PAYMENT DATE: 09/05/2024 RECORD DATE: 08/20/2024
Slide 28: Balance sheet remains healthy; improving gearing ratios
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Balance sheet remains healthy despite challenging macro environment; improving gearing ratios, well within bank covenants 1H 2024 FY 2023 Cash (in Php Bn) 18.6 16.6 Gross Debt (in Php Bn) 248.7 250.0 Gross Debt to Equity¹ 1.49x 1.56x (Max of
Slide 29: Reaffirming Globe's consolidated 2024 outlook
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Reaffirming Globe’s consolidated 2024 outlook; all things largely on track REVENUES CASH CAPEX Low- to mid-single digit % growth USD 1.0Bn EBITDA MARGIN PO ISSUANCES ~50% USD 600Mn OTHER CONSIDERATIONS: ⚬ Ongoing completion of tower turnover
Slide 30: Thank you!
Docusign Envelope ID: F94B6722-19F7-4A1D-AC3C-05EFDC818F5F Thank you!
Slide 31: Certificate Of Completion
Certificate Of Completion Envelope Id: F94B672219F74A1DAC3C05EFDC818F5F Status: Completed Subject: For Docusign: GLO 2Q24 Briefing Materials Source Envelope: Document Pages: 30 Signatures: 1 Envelope Originator: Certificate Pages: 5 Initials: 0 Angie Magallanes AutoNav: Enabled The Globe Tower, 32nd
Slide 32: Envelope Summary Events
Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 8/7/2024 12:29:10 PM Certified Delivered Security Checked 8/7/2024 1:53:03 PM Signing Complete Security Checked 8/7/2024 1:53:17 PM Completed Security Checked 8/7/2024 1:53:17 PM Payment Events Status Timestamps Electronic Reco
Slide 33: Electronic Record and Signature Disclosure
Electronic Record and Signature Disclosure created on: 9/2/2020 12:16:11 AM Parties agreed to: Milet San Gabriel ELECTRONIC RECORD AND SIGNATURE DISCLOSURE From time to time, Globe Telecom, Inc. (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Desc
Slide 34: Electronic Record and Signature Disclosure (continued)
Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during
Slide 35: Electronic Record and Signature Disclosure (continued)
i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may; ii. send us an email to jcfiesta@globe.com.ph and in the body of such request you must state your email, full name, mailing addre