Slide 1: SEC Barcode Page
Barcode Page The following document has been received: Receiving Officer/Encoder - Josefina A. Gramata Receiving Branch : SEC Head Office Receipt Date and Time - November 06, 2015 04:25:52 PM Received From : Head Office Company Representative 111062015001924 SECURITIES AND EXCHANGE COMMISSION SECBui
Slide 2: SEC Cover Sheet
COVER SHEET P W 0 0 0 0 1 1 7 7 SHEET 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) ALBERTO M. DE LARR
Slide 3: SEC Form 17-C: 3Q 2015 Analysts' Briefing Presentation Materials
SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATIONS CODE (SRC) AND SRC RULE 17(a)-1(b)(3) THEREUNDER 6 November 2015 -- - -* <!@>.,*@ @* aoriioct pupnt reDOr ted) 1177 - RIR Tax Identification Number GLOBE TELECOM, jNC. r-@> m^^o nf rofli!,tI.ant as SDeCjfieC] jn its char ter
Slide 4: 3Q15 Analysts' Briefing
3Q15 Analysts’ Briefing November 9, 2015, The Globe Tower
Slide 5: Performance Highlights
Performance Highlights 9M15 vs. 9M14 Service Revenues 3Q15 vs 3Q14 83.4 29.5 • Revenues buoyed by strong growth of data across all segments and the consolidation of Bayan 3Q15 results +18% +15% • Excluding Bayan, 3Q15 grew 12% vs 3Q14 Php billion and 9M15 grew 13% vs 9M14 Php billion EBITDA 34.7 12.
Slide 6: Revenue growth remains broad-based
Revenue growth remains broad-based mobile broadband fixed line data fixed line voice total 9M15 vs +9% +37% +37% +20% +15% 9M14 3Q15 vs +8% +50% 3Q14 +72% +46% +18% mobile subscribers broadband subscribers* 42.9 +17% 50.1 2.5 +57% 4.0 million million million million 3Q14 3Q15 3Q14 Wireless Wired 3Q1
Slide 7: Data driving robust revenue growth across key segments
Data driving robust revenue growth across key segments Mobile Browsing and Other Data Broadband Revenues Fixed Line Data Revenues Revenues +48% +37% vs 9M14 vs 9M14 +37% vs 9M14 +39% +50% +72% vs 3Q14 15,119 vs 3Q14 12,365 vs 3Q14 5,494 5,593 4,760 2,348 3Q15 9M15 3Q15 9M15 3Q15 9M15 * Includes mobi
Slide 8: Further seeding the data ecosystem through partnerships
Further seeding the data ecosystem through partnerships Gcash Beep MasterCard iPhone 6s/6s Plus Youtube, Spotify, HOOQ, Wattpad and NBA League Pass Globe-Shopify partnership Globe-Google partnership
Slide 9: Update on strategic initiatives: Bayan integration into Globe
Update on strategic initiatives: Bayan integration into Globe Regulatory Synergy Benefits of Acquisition • After conversion of debt and acquiring • Synergy opportunities have been identified 98.6% of the equity of Bayan, Globe and with close to P1.4 billion ($30mn) in both one- Bayan filed jointly f
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) 9M15 9M14 vs Globe Group 9M15 vs Globe (Ex-Bayan) Gross Service Revenues 83,356 72,701 15% 81,961 13% OPEX & Subsidy* (48,678) (42,943) 13% (47,860) 11% EBITDA 34,678 29,758 17% 34,101 15% E
Slide 12: Normalized net income reflects 19% YoY growth
Net of one-time adjustments, normalized net income reflect a robust 19% YoY growth Normalized Net Income Globe Group YoY (in Php Mn) 9M15 9M14 Change Reported Net Income 14,144 10,528 34% Add/Less: One-Time Adjustments (1,593) Gain on Fair Value of Retained Interest (Yondu) (746) Gain on Disposal of
Slide 13: Growth in revenue and well-managed OPEX led to growth in EBITDA
Growth in revenue and well-managed OPEX led to 3% growth in EBITDA - - - 688 340 - - 10,655 1,660 1,015 - 2,033 +17% 29,758 29,758 39,725 39,385 37,725 36,710 34,678 34,678 9M14 Inc. in Inc. in Inc. in Staff Inc. in Inc. in Inc. in 9M15 EBITDA Revenues Interconnect Costs Marketing & Network Provisio
Slide 14: Capital expenditures at approximately Php22.9 Billion
Capital expenditures at approximately Php22.9 Billion or USD 514 Million, with majority of the investments related to data requirements 32% 35% 49% 49% 60% 50% 36% CAPEX** (in Php Bn) 37.8* 27% 26% 24% 15% 10% 8% 11% 9% 9% 15% 15% 17% 6% 2011 2012 2013 2014 9M15 Business Support Others Core Data 29.
Slide 15: Gross Debt at Php 67 Billion, within covenant ratios
Gross Debt at Php 67 Billion, comfortably within covenant ratios 4Q15 Dividends 69,301 Cash Dividend per Gross Debt 65,276 Php20.75 (in Php Millions) 67,130 Common Share Record Date November 24, 2015 2013 2014 3Q15 Payment Date December 4, 2015 2015 YTD Total Shareholder Return Gross D/E Ratio 1.66
Slide 16: Creating a Wonderful World
‘Vi ¥ Globe Creating a Wonderful World
Slide 17: 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 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 Voice 7,670 8,268 8,052 8,377 8,658 8
Slide 18: Net Income to Core Net Income Reconciliation
Appendix 2 Historical Consolidated Gross / Net Service Revenues and EBITDA Margin (in Million Pesos) 3Q15 3Q14 % Change 2Q15 % Change Reported Net Income After Tax 5,434 3,693 47% 4,507 21% Deferred Tax on Unexercised Stock Options (1,205) 19 -6442% (50) 2310% Add (deduct) Forex loss (gain) 311 106
Slide 19: Consolidated Financial Highlights (Quarter on Quarter)
Consolidated Financial Highlights QUARTER ON QUARTER Globe Group QoQ Change Globe Ex-Bayan QoQ Change (in Php Mn) 3Q15 2Q15 vs Globe Group 3Q15 vs Globe (Ex-Bayan) Gross Service Revenues 29,526 27,610 7% 28,131 2% OPEX & Subsidy* (17,502) (15,965) 10% (16,683) 4% EBITDA 12,024 11,645 3% 11,447 -2% E