Slide 1: Cover Sheet
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 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: 7C87B60E-88BE-4C27-8B94-B2C567392747 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. May 14, 2024 Date of Report (Date of earliest event reported) 2. 1177 3. 000-7
Slide 3: 1Q 2024 Analysts' Briefing
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 1Q 2024 Analysts’ Briefing 15 May 2024 | The Globe Tower + Zoom
Slide 4: Healthy growth in top- and bottom-line sustained by strong demand for data-related services
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Healthy growth in top- and bottom-line sustained by strong demand for data-related services and effective cost management CONSOLIDATED GROSS EBITDA¹ CORE NET INCOME¹ SERVICE REVENUES¹ 41.1 21.4 5.8 php php php bn bn bn ▲5% YoY | = QoQ ▲5% Yo
Slide 5: Mobile business higher by 8% YoY driven by effective market repair efforts
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Mobile business higher by 8% YoY driven by effective market repair efforts; improving mobile data consumption growth across all brands 23.8 MOBILE DATA ▲10% YoY php TOTAL 1Q24 MOBILE SMS = QoQ billion Voice 7% REVENUES 11% 29.1 3.4 MOBILE VO
Slide 6: Mobile subscriber base sustaining QoQ growth post-SCR
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Mobile subscriber base sustaining QoQ growth post-SCR; ARPUs reflective of the MOBILE SUBSCRIBERS* company’s quality subscribers 58.8 mn ▼30% YoY ▲3% QoQ BY BRAND MOBILE ARPU POST-SCR BY REVENUE 846 864 876 12 SMS 12 11 MOBILE DATA USERS 212
Slide 7: Fiber Broadband revenues expanded by 4% YoY
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Fiber Broadband revenues expanded by 4% YoY, cushioning the decline in Legacy and FWA Fixed Fixed Total Home TOTAL 1Q24 Wired Wireless Broadband BROADBAND REVENUES Subscribers (in Mn) 1.1 0.6 1.7 6.1 php bn YoY Change in ▲3% ▼52% ▼26% Subs ▼
Slide 8: Decline in Fixed Wireless revenues has decelerated sequentially
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Decline in Fixed Wireless revenues has decelerated sequentially, total broadband revenues set to see YoY growth in 2H24 driven by Fiber QoQ Change in Fixed Wireless Revenues -8% -12% -13% -15% -15% -16% -17% -19% Fixed Wireless Subscribers (
Slide 9: Corporate Data revenues up 10% YoY
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Core Cloud Business App Cybersecurity Data Center Big data & Accounts Solutions Solutions Services Services IOT YoY Change in Revenues ▲12% ▲ 23% ▲ 15% ▲ 8% ▼ 49% ▲ 3% Corporate Data revenues TOTAL 1Q24 CORPORATE up 10% YoY driven by DATA RE
Slide 10: Non-telco revenues: Mynt, Vega, STT
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 1Q24 TOTAL NON-TELCO REVENUES¹ Mynt contribution now at 12% of Globe’s NIBT from last year’s 4%, as equity share 567 more than doubled php mn ▼31% YoY | ▼33% QoQ Mynt² Vega STT 1Q24 MYNT EQUITY Equity Share in SHARE² Affiliates (Php Mn) 1,02
Slide 11: Capital expenditures lower by 22% YoY
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Capital expenditures as of end-March stood at Php13.7 Bn, lower by 22% YoY and on track with our guidance of lower spending CAPITAL EXPENDITURES (in PhP Bn) 41% 61% 64% 44% 33% CAPEX-to-Revenue Ratio 1Q24 CAPITAL EXPENDITURES 101 93 13.7 71
Slide 12: Cash CAPEX vs. Purchase Orders and free cash flow
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Cash CAPEX vs. Purchase Orders (in USD Mn) Purchase Orders 2,263 1Q24 PO issuances of 1,852 1,858 1,846 USD 131Mn down to 53% 1,712 2024 Guidance: 1,218 1,253 CAPEX: USD 1Bn POs: USD 600 Mn Opportunistic PO 600 of actual Cash CAPEX, issuance
Slide 13: CAPEX spending predominantly on data
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 CAPEX spending predominantly on data; efficient rollout ensures quality network customer experience 1Q24 CAPEX Breakdown Business Core: 1% Others: 1% Support: 6% new cell 116 sites built 5g sites 27 installed Data: 91% upgraded 812 mobile si
Slide 14: Cybersecurity: 1.1Bn spam and scam SMS blocked
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Globe has invested over USD 101.2Mn in cybersecurity efforts since 2015; 1.1Bn blocked spam and scam SMS seeing a steep decline in spam and scam messages 74% drop YoY in bank-related spam, scam texts in 1Q 2024 44% decline YoY in number of c
Slide 15: Pioneering force in sustainability
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Globe continues to be a pioneering force in sustainability through its Sustainability ambition, progress, and recognitions 2023 GHG Scopes 1 and 2 Emissions Reduction 2022 2023 ATTAINMENT 4.42% 18.16%* Globe is the first publicly listed comp
Slide 16: STT GDC Philippines on track with its data center builds
STT GDC Philippines on track with its data center builds STT FAIRVIEW STT FAIRVIEW STT Cavite 2 ● On track, scheduled to ● 100% complete design [IMAGE] go live early 2025 and pre-construction ● Ongoing structural permits works ● Available by mid 2025 ● 2nd level equipment deliveries to start by June
Slide 17: Continued growth as the leading cashless ecosystem in the PH
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Continued growth as the leading cashless ecosystem in the PH Leading the way towards Finance for All Monthly Active Users 90% 57% March data from Data.ai are from are female SEC C2DE 5X MAU 60% 74% from outside of are 18-35 y/o vs. the next
Slide 18: Empowering Filipinos to achieve Financial Progress
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Empowering Filipinos to achieve Financial Progress BORROW GROW PROTECT Lending Wealth Management Insurance Borrow Load Phase 2 Heart Campaign Send Money Protect Avail prepaid load promos even Ushering in a new era of financial Protecting mor
Slide 19: Expanding access to financial services to Overseas Filipinos
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Expanding access to financial services to Overseas Filipinos GCASH OVERSEAS for Overseas Filipino Workers GLOBAL PAY for Filipinos Traveling Abroad GCash Overseas Scan-to-Pay 13 OFW-Rich Countries 47 Countries Available Expanded via Alipay+
Slide 20: Pursuing relevant innovations to enhance customer experience
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Pursuing relevant innovations to enhance customer experience Trust & Security Sustainability ACCOUNT SECURE GREEN TRANSACTION ALERT Launched January ‘24 Launched April W1 ‘24 One Account, One Device; View of Environmental Impact for Increase
Slide 21: Driving advocacies through key private-public partnerships
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Driving advocacies through key private-public partnerships DigiCities Launch Promoting Women in Tech & Good Governance Connected with DOF & SEC to express GCash’s commitment to drive the country’s financial inclusion agenda The program aims
Slide 22: Financial Highlights
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Financial Highlights
Slide 23: Topline expansion driven by Mobile and Corporate Data
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Topline expansion driven by Mobile and Corporate Data; Core NIAT higher on lower costs and improved EBITDA 1Q 2024 1Q 2023* YoY % 1Q 2024 4Q 2023 QoQ % Gross Service Revenues 41,148 39,374 ▲5% 41,148 41,271 = OPEX and Subsidy¹ (19,798) (19,0
Slide 24: EBITDA margin well within guidance on effective cost management
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 EBITDA margin well within guidance on the back of effective cost management; higher opex was fully offset by Globe’s strong topline performance 20,730 21,351 QoQ 122 9 575 in PhP Mn 306 131 324 326 4Q23 EBITDA Dec. in Inc. in Dec. in Staff D
Slide 25: Globe closed 378 towers for Php4.9 Bn
In 1Q24, Globe closed 378 towers for Php4.9 Bn; total gross proceeds to date at Php67 Bn 18.3 29.3 MIDC FRONTIER bn php bn php 16.3 3.4 PHILTOWER UNITY bn bn php php Closed an additional 371 towers in April and May; our year-to-date proceeds now stand at Php9.9 billion.
Slide 26: 2Q24 dividend of Php25/share
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Globe BOD approved 2Q24 dividend of Php25/share, underlying our commitment to sustainable and competitive returns 2Q24 CASH DIVIDENDS 25.00 php /sh PAYMENT DATE: 06/13/2024 RECORD DATE: 05/28/2024
Slide 27: Balance sheet remains healthy despite challenging macro environment
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Balance sheet remains healthy despite challenging macro environment; improving gearing ratios, well within bank covenants 1Q 2024 FY 2023 Cash (in Php Bn) 17.0 16.6 Gross Debt (in Php Bn) 246.7 250.0 Gross Debt to Equity¹ 1.52x 1.56x (Max of
Slide 28: Reaffirming Globe's consolidated 2024 outlook
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Reaffirming Globe’s consolidated 2024 outlook 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, majority of the proceeds ex
Slide 29: Thank you!
DocuSign Envelope ID: 7C87B60E-88BE-4C27-8B94-B2C567392747 Thank you!