PLDT, Inc. · PSE:TEL
PLDT — Shareholder Meeting (June 2009)
16 slides from PLDT's shareholder meeting presentation, Jun 9, 2009
Slide 1: The President's Report: Another Solid Performance in 2008
The President’s Report: Another Solid Performance in 2008 Napoleon L. Nazareno President and Chief Executive Officer PLDT Annual Stockholders’ Meeting 9th June 2009 Grand Ballroom, Dusit Thani Hotel
Slide 2: PLDT Group: 2008 Financial Highlights
PLDT Group: 2008 Financial Highlights 2008 2007 (audited) (audited) % Y-o-Y Service Revenues P142.9bn P135.5bn 5% • Wireless P93.6bn P86.5bn 8% • Fixed Line P49.3bn P48.6bn 1% EBITDA P87.6bn P82.9bn 6% • Wireless P60.6bn P55.3bn 10% • Fixed Line P25.8bn P26.4bn 2% EBITDA Margin 61% 61% - Income Befo
Slide 3: PLDT Group: 1Q 2009 Financial Highlights
PLDT Group: 1Q 2009 Financial Highlights 1Q 2009 1Q 2008 (unaudited) (unaudited) % Y-o-Y Service Revenues P36.2bn P34.9bn 4% • Wireless P23.9bn P22.5bn 6% • Fixed Line P12.7bn P12.3bn 3% EBITDA P21.9bn P22.0bn 1% • Wireless P15.0bn P14.5bn 4% • Fixed Line P 6.6bn P 7.1bn 7% EBITDA Margin 60% 63% Rep
Slide 4: Wireless Subscribers
PLDT Group: Wireless Subscribers • Our subscriber base reaches new heights – Combined Smart and TNT subscriber base stood at 35.2 million at the end of 2008 representing net adds of 5.2 million subscribers for the year – As of April 2009, another 2.3 million new subscribers brought our total subscri
Slide 5: Wireless Service Revenues
PLDT Group: Wireless Service Revenues • Revenues from our wireless business remain robust – Wireless service revenues grew by P7.1bn, or 8%, to P93.6 billion in 2008 – As of end of March 2009, our wireless business registered service revenues of P23.9 billion or a 6% growth compared to 1Q08 – The in
Slide 6: Fixed Line Subscribers
PLDT Group: Fixed Line Subscribers • Our fixed line subscriber base registering growth and shifting to corporate/SMEs – Fixed line subscribers up 3% to 1.8 million in 2008 mainly from new initiatives and programs being undertaken – The bulk of our subscriber base has shifted to the more steady corpo
Slide 7: Fixed Line Service Revenues
PLDT Group: Fixed Line Service Revenues • The modest improvement in the fixed line service revenues is sustained – Fixed line service revenues grew by 1% to P49.3 billion in 2008 – As of end of March 2009, service revenues from our fixed line business stood at P12.7 billion or a 3% growth year-on-ye
Slide 8: Broadband Subscribers
PLDT Group: Broadband Subscribers • Dramatic increases in our combined broadband subscriber base continue – Combined DSL and SmartBro subscriber base stood at 996 thousand at the end of 2008 – As of April 2009, the Group recorded 1.1 million broadband subscribers – Our goal: “Broadband for All” Broa
Slide 9: Broadband Service Revenues
PLDT Group: Broadband Service Revenues • Contribution of broadband revenues to total group is becoming greater – Broadband and Internet service revenues grew by P3.4bn, or 45%, to P11 billion in 2008 – As of end of March 2009, P3.2 billion of revenues from broadband and Internet was recorded reflect
Slide 10: ePLDT
PLDT Group: ePLDT • ePLDT is managing the challenges of its various business verticals – ePLDT service revenues grew 4% to P10.4 billion in 2008 – As of end of March 2009, ePLDT service revenues showed a modest 1% growth compared to the previous year – ePLDT has rationalized its business portfolio,
Slide 11: Capex
PLDT Group: Capex • The PLDT group proceeding with investing in the business for the long-term – Capex for 2008 amounted to P25.2 billion, while capex for 2009 is guided at P27 billion, or approximately 18% of service revenues – Of total 2008 capex, 66% was spent for wireless, 31% for fixed line and
Slide 12: Debt Profile
PLDT Group: Debt Profile • Group net debt to be maintained at Net Debt/EBITDA of below 1x – Net debt stood at US$800 million at the end of 2008 with Net Debt/EBITDA at 0.4x – Incremental debt will be drawn in 2009 to support planned investments (including the 20% stake in Meralco) and to take advant
Slide 13: Free Cash Flow
PLDT Group: Free Cash Flow • The Group’s free cash flow continues to rise – Free cash flow grew P1.3 billion to P47.9 billion in 2008; at the end of 1Q09, free cash flow stood at P18.9 billion – For 2008, free cash flow was used as follows: ¾ Net debt proceeds of P4.6 billion provided additional cas
Slide 14: Capital Management
PLDT Group: Capital Management • The PLDT group remains committed to maximizing returns to shareholders – On the back of its strong performance in 2008, PLDT paid a 100% dividend amounting to P200 per share, consisting of a regular dividend of P140 and special dividend of P60 – PLDT pursued its shar
Slide 15: The President's Report: Another Solid Performance in 2008
The President’s Report: Another Solid Performance in 2008
Slide 16: Thank You!
Thank You!