Slide 1: SEC cover sheet
COVER SHEET P wo (elTofetel Tle Telefe] T tise TTT TTT TET) (Company's Full Name) Contact Person 2/7) /7)F TJHIE G/L] O| BIE T}/OIW)SE|R 3/2)N]D S|JTIRIE/EIT CJOJR IN|JE]R 7/T|H A|VJE|N]UJE B/O| NII F/AIC{IJO GJLJO|}BIJAJL c i]t Y TIA]G| UJI} G (Business Address: No. Street City / Town / Province) R
Slide 2: 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 th 2. SEC Identification Number 4. GLOBE TELECOM, INC. 5. Ss — 7 . I) (sec Use Only)... , country or other jurisdiction of Industry Classifi
Slide 3: 1Q/3M 2019 Analysts' Briefing
1Q/3M 2019 Analysts’ Briefing 6 May 2019 | The Globe Tower
Slide 4: Record 1Q19 Performance
RECORD 1Q19 PERFORMANCE SERVICE REVENUES EBITDA Php Bn Php Bn 36.0 19.9 Record level EBITDA at all- performance time high driven by data- +13% related services +24% EBITDA Margin YoY YoY at 55% NET INCOME 2Q19 Php Bn Record NIAT up DIVIDEND 6.7 RECORD DATE: 44% on EBITDA May 20, 2019 Php/share gains
Slide 5: Further shift towards data-related services
FURTHER SHIFT TOWARDS DATA-RELATED SERVICES +11% MOBILE +17% FIXED LINE AND HOME BROADBAND YoY REVENUES YoY REVENUES -15% -22% +44% -8% +21% +16% MOBILE MOBILE MOBILE FIXED LINE HOME CORPORATE VOICE SMS DATA VOICE BROADBAND DATA MOBILE SUBSCRIBERS HOME BROADBAND SUBSCRIBERS In Millions 100.0 +13% 83
Slide 6: Data accounts for 69% of total revenues
DATA ACCOUNTS FOR 69% OF TOTAL REVENUES MOBILE 46% MOBILE DATA MONTHLY ATPU DATA +91% In GB SERVICE HOME 14% BROADBAND 3.5 REVENUES 3.0 1.8 +15% CORPORATE 9% DATA 1Q18 4Q18 1Q19 MOBILE DATA TRAFFIC MOBILE DATA USERS In Millions +7% In PB +105% 370 36.9 37.1 315 34.8 180 +1% +17% 1Q18 4Q18 1Q19 1Q18
Slide 7: Home Broadband 5G pilot to launch in 2nd quarter 2019
HOME BROADBAND 5G PILOT TO LAUNCH IN 2ND QUARTER 2019
Slide 8: Mynt is making waves in financial inclusion
MYNT IS MAKING WAVES IN FINANCIAL INCLUSION #1 MOBILE APP WALLET IN THE PHILIPPINES* #5 MOBILE APP WALLET IN ASEAN* GCASH QR +20M REGISTERED GCASH USERS 64K MERCHANTS Full financial services offering with credit, savings, investments and insurance now available. *Sourced from App Annie
Slide 9: Kickstart to manage AC Group's new venture capital fund
KICKSTART TO MANAGE AC GROUP’S NEW VENTURE CAPITAL FUND GENERAL PARTNER *Targeting up to $200M investments LIMITED PARTNERS AC Ventures AC Ventures
Slide 10: New products, services, and promotions
NEW PRODUCTS, SERVICES, AND PROMOTIONS Globe unveils first Globe partners with TikTok Esports Center short video platform service GoWiFI expands coverage Avengers: Endgame movie to over 2,000 sites passes for mobile and home nationwide broadband subscribers 8
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 12: 1Q19 Performance: EBITDA up 24% YoY, net income up 44% YoY
1Q19 PERFORMANCE: EBITDA UP 24% YoY, NET INCOME UP 44% YoY 1Q18 4Q18 1Q19 3 YoY% 3 QoQ% (Restated) (Restated) Gross Service Revenues 36,003 31,942 13% 34,932 3% OPEX and Subsidy1 (16,084) (15,863) 1% (19,099) -16% EBITDA 19,919 16,080 24% 15,832 26% EBITDA Margin 55% 50% 45% Depreciation (7,996) (7,
Slide 13: EBITDA growth driven by higher revenue and lower interconnect costs
EBITDA GROWTH DRIVEN BY HIGHER REVENUE AND LOWER INTERCONNECT COSTS 4,061 993 191 476 48 596 YoY 16,080 +24% 19,919 (in Php Mn) 3M18 EBITDA Inc. in Dec. in Inc. in Staff Inc. in Dec. in Network Inc. in 3M19 EBITDA Revenues Interconnect Costs Marketing & Costs Provisions, Charges Subsidy Services & O
Slide 14: Net income greatly benefitted from EBITDA upside
NET INCOME GREATLY BENEFITTED FROM EBITDA UPSIDE 3,839 711 374 704 YoY (in Php Mn) 6,730 4,680 +44% 3M18 Reported Change in EBITDA Inc. in Depreciation Inc. in Non- Inc. in Tax 3M19 Reported Net Net Income operating expenses Income 4,087 111 271 1,030 QoQ 6,730 (in Php Mn) 3,833 +76% 4Q18 Net Income
Slide 15: 3M19 capex spend at Php 8.8 billion with 68% related to data
3M19 CAPEX SPEND AT PHP 8.8 BILLION WITH 68% RELATED TO DATA REQUIREMENTS Others, CAPEX BREAKDOWN 11% Core, 1% In Php Bn 42.5 43.3 Business 9% 9% Support, 36.7 2% 1% 20% 7% 13% Data, 32.1 10% 68% 82% 8% 14% 77% 30% 11% 65% 15% 48% 8.8 2015 2016 2017 2018 3M19 Data Business Support Core Others 13
Slide 16: Gearing: debt level within covenant ratios
GEARING: DEBT LEVEL WITHIN COVENANT RATIOS 2Q19 CASH DIVIDEND* RECORD DATE: Php/share May 20, 2019 22.75 PAYMENT DATE: May 31, 2019 14
Slide 17: 2019 Guidance
2019 GUIDANCE SERVICE HIGH SINGLE DIGIT REVENUES GROWTH EBITDA MARGIN LOW 50s CAPEX ~PHP 63 BILLION 15
Slide 18: Globe
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