Slide 1: SEC Cover Sheet
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF 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: A9917499-B132-4D87-8611-15C15E2A1EFF 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 2023 Date of Report (Date of earliest event reported) 2. 1177 3. 00
Slide 3: 3Q/9M 2023 Analysts' Briefing
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF 3Q/9M 2023 Analysts’ Briefing 6 November 2023 | The Globe Tower + Zoom
Slide 4: Fresh record 3Q23 and 9M23 service revenues and EBITDA
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Fresh record 3Q23 and 9M23 service revenues and EBITDA driven by growth of data-related and non-telco services SERVICE REVENUES EBITDA NORMALIZED NIAT ▲1% ▼11% ▲3% ▲1% ▲1% = Consolidated revenues grew by 3% YoY EBITDA higher on sustained GSR
Slide 5: Non-telco businesses sustained YoY growth
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Non-telco businesses sustained YoY growth, equivalent to 3.4% of conso GSR; Mynt contribution now at 6.4% Globe NIBT TOTAL 9M23 NON-TELCO REVENUES YoY Change ▲42% ▲137% ▲7% ▲62% ▲44% 4.1Bn in Revenue Php Contribution +44% YoY to GSR 1.6% 0.5
Slide 6: Value Maximization: Mynt's acquisition of ECPay
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Value Maximization: Globe harmonizes payments-related businesses in its portfolio through Mynt's acquisition of ECPay ● Globe entered into an agreement with Mynt for the sale of its 77% stake in ECPay for Php2.31 billion. ○ Incorporation of
Slide 7: Mobile business sustained 3% growth YoY
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Mobile business sustained 3% growth YoY driven by increased mobile data consumption; new record high revenues Php Solid topline growth despite the 83.2Bn Voice SMS extended macroeconomic ▲3% YoY pressures and competition ▲2% QoQ Data Data Vo
Slide 8: Higher mobile ARPUs post-SCR
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Higher mobile ARPUs post-SCR more reflective of Globe's quality subscriber base MOBILE SUBSCRIBERS1 mn 54.7 ▼38% YoY ▼34% QoQ YoY Mobile ARPU (9M22 vs 9M231) MOBILE DATA USERS1 mn 35.2 ▼8% YoY ▼6% QoQ MOBILE DATA TRAFFIC QoQ pb 4,360 ▲30% Yo
Slide 9: Fiber Broadband expanded by 18% YoY
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Fiber Broadband expanded by 18% YoY; quarterly decline in service revenues slowing down Fixed Fixed Total Home Php Wired Wireless1 Broadband 19.0Bn Subscribers (in Mn) 1.1 0.6 1.7 ▼7% YoY YoY Change in ▼1% QoQ Subs ▼1% ▼60% ▼35% YoY Change i
Slide 10: Corporate Data revenues up 8% YoY
Corporate Data revenues up 8% YoY driven by 20% YoY DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF growth in ICT revenues; new all time high revenues for the first 9 months of the year 9M23 CORP DATA REVENUES Php 13.6Bn ▲8% YoY | ▼2% QoQ CORE CLOUD BUSINESS APP CYBERSECURITY DATA CENTER
Slide 11: Capital expenditures stood at Php54 billion
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Capital expenditures as of end-Sept stood at Php54 billion, lower YoY and in line with Full Year Guidance CAPEX (in Php Bn) 27% 9M23 CAPITAL EXPENDITURES Php 54.0Bn YoY 9M23 CAPEX Spend on track with full year CAPEX guidance 9
Slide 12: Reprioritizing CAPEX; PO issuances streamlined
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Reprioritizing CAPEX after strategic and opportunistic spending; PO issuances streamlined, according to the needs of the network Historical Cash CAPEX vs. Purchase Orders (in USD Mn) Opportunistic PO Issuances have led to the elevated CAPEX
Slide 13: CAPEX spending predominantly on data
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF CAPEX spending predominantly on data; efficient rollout ensures quality network customer experience 9M23 CAPEX Breakdown Efficient CAPEX spending to maintain customer network experience 833 716 NEW CELL SITES BUILT 5G SITES INSTALLED 5,395 U
Slide 14: STT GDC Philippines completes 1.2 MW data hall
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF ST Telemedia Global Data Centres Philippines completes 1.2 MW data hall in Makati City STT Makati Data Hall ● Designed to Tier 3 data center standard of a 99.9% expected uptime ● Has a 1.2MW capacity or 100 high-density racks, with support l
Slide 15: GCash: A Vital Part of the Filipino's Financial Life
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF GCash: A Vital Part of the Filipino’s Financial Life Opportunities for the Most widely used Finance App Unserved & Underserved Daily Active Users Solving the September Data from Data.ai Lack of Access to Credit Bringing access Inclusivity ac
Slide 16: Leading the Way Into Financial Inclusion
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Leading the Way Into Financial Inclusion Borrow for Tomorrow Insuring our Future Growing our Wealth 9.1M Registered GSave ▲33% YoY 13.5M Php 103B Life to Date Policies Sold Total Loans Disbursed ▲123% YoY ▲220% YoY 5.5M Registered Launch of
Slide 17: Safeguarding our Users by Putting Trust in the Forefront
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Safeguarding our Users by Putting Trust in the Forefront Educating our Users Fortifying our Platform Products to Protect Online Account Social Jailbroken Developer Installation from Shopping Takeover Engineering Devices Mode Unknown Sources
Slide 18: Touching the Lives of Filipinos Everywhere
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Touching the Lives of Filipinos Everywhere Livelihood Opportunities Connecting OFWs with loved ones in the PH Providing easier ways to pay abroad Tap to Pay with the GJobs GCash International Scan to Pay with Global Pay GCash Card Use GCash
Slide 19: Financial Highlights
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF FINANCIAL HIGHLIGHTS Xx
Slide 20: Topline expansion driven by data and non-telco services
Topline expansion driven by data and non-telco services; DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Core NIAT of Php16Bn down YoY due to higher OPEX, depreciation, and interest expense 9M 2022 9M 2023 YoY % 2Q 2023 3Q 2023 QoQ % Gross Service Revenues 117,955 121,062 +3% 40,419 40,66
Slide 21: EBITDA margin still well within guidance
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF EBITDA margin still well within guidance for the year as network cost increases were partly offset by strong topline performance QoQ (in Php Mn) 242 36 805 389 20,203 19,965 455 40 117 ▲1% QoQ 2Q23 EBITDA Inc. in Revenues Dec. in Inc. in Sta
Slide 22: Globe has cumulatively closed 4,123 towers
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Globe has cumulatively closed a total of 4,123 towers as of end-September, collecting gross proceeds of ~Php53.0 Billion MIDC Frontier PhilTower Unity Total 1,306 towers in 1,350 Towers in 2,180 towers in Luzon; Portfolio Visayas and 447 tow
Slide 23: 4Q23 Dividends
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Globe BOD approved 4Q23 dividend of Php25/share, proof of commitment to a sustainable dividend policy Globe Telecom distributes cash 4Q23 DIVIDENDS dividends to its shareholders at 25.00 the rate of 60% to 75% of prior PhP/ sh year’s core ne
Slide 24: Key ratios still healthy and in-line with peers
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Key ratios still healthy and in-line with peers despite the challenging environment; comfortably within bank covenants 3Q 2023 FY 2022 Cash (in Php Bn) 16.0 18.0 Gross Debt (in Php Bn) 245.5 233.2 Gross Debt to Equity* (Max of 3:1) 1.53x 1.5
Slide 25: Revisiting our full year 2023 guidance
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Revisiting our full year 2023 guidance, achievement of targets remains largely on track SERVICE REVENUES EBITDA MARGINS CAPEX Low to mid single digit growth ~50% USD 1.3B OTHER CONSIDERATIONS ● Balance of tower turnover and sale proceeds to
Slide 26: Thank you!
DocuSign Envelope ID: A9917499-B132-4D87-8611-15C15E2A1EFF Thank you! Xx