PLDT, Inc. · PSE:TEL
PLDT — FY2017 Earnings Presentation
71 slides from PLDT's earnings presentation, Mar 8, 2018
Slide 1: 2017 Full Year Results
2017 Full Year Results Financial and Operating Results 8th March 2018
Slide 2: PLDT Group: FY17 vs FY16 Financial Highlights
PLDT Group: FY17 vs FY16 Financial Highlights Home* Enterprise* Individual* International* Voyager* P33.0bn P34.1bn P58.9bn P16.1bn P1.2bn +13% +11% -11% -21% +72% +P3.7bn +P3.5bn (P7.5bn) (P4.3bn) +P0.5bn Conso Service Revenues Wireless Fixed Line (net of interconnection costs: P7.6bn) Service Reve
Slide 3: PLDT Group: Consolidated Financial Highlights
PLDT Group: Consolidated Financial Highlights (Php in billions) Service Revenues, net of interconnection costs FY 2017: P143.5bn 3% ex-ILD/NLD Topline stabilized in 2017 +1% ILD/NLD FY 2016: P147.6bn (4.1) Negative momentum in +0.4 2016 quarterly revenues stemmed in 2017 1% 4% 1% 1% +1% -- Exc
Slide 4: PLDT Group: Fixed Line Financial Highlights
PLDT Group: Fixed Line Financial Highlights (Php in billions) Fixed Service Revenues (net of interconnection costs) ILD/NLD Ex-ILD/NLD FY 2017: P70.2bn +11% FY 2016: P63.1bn +7.1 +12% +13% +3.8 +2.0 +5% +7% 35.9 +4% 34.2 +1.7 +2% +4% +2% +2% +4% 32.1 +2% 30.9 +1.2 +2.1 2.6 -1% 2.6 Y-o-Y +0.7 16.9 +0
Slide 5: PLDT Group: Wireless Financial Highlights
PLDT Group: Wireless Financial Highlights (Php in billions) Wireless Service Revenues (net of interconnection costs) ILD Ex-ILD FY 2017: P82.3bn 11% (10.3) 7% FY 2016: P92.5bn -3.0 6% 10% 6% 1% -1.3 48.7 -4.8 43.9 -2.5 -0.5 4.3 41.4 40.9 Y-o-Y -11% 3.9 2% 7% 3% -11% 3.5 -15% 2.9 -24% 4% 1% 2% -0.6 -
Slide 6: PLDT Group: Consolidated Service Revenues (by Business Unit)
PLDT Group: Consolidated Service Revenues (by Business Unit)* (Php in billions) FY17 vs FY16 4Q17 vs 4Q16 -4.3 +0.5 * -4.1 -21% +57% -3% +3.5 +11% 16.1 1.4 143.5 +3.7 34.1 +0.9 -1.1 --- +0.4 +13% +11% -22% -10% +1% -7.5 +1.0 -11% 33.0 3.8 0.3 36.2 +14% 8.8 -0.4 58.9 -3% 8.7 14.7 Individual Home Ente
Slide 7: PLDT Group: Service Revenues (by Business Unit)
PLDT Group: Service Revenues (by Business Unit) (Php in billions) Home • Since 1Q15, 11 Enterprise • Average quarterly quarters of revenues of sequential FY 2017: P34.1bn P8.5bn in 2017 FY 2017: P33.0bn +10% in +9% in +13% revenue +11% higher than P7.7bn 2016 +14% 2016 +11% FY 2016: P29.3bn increase
Slide 8: PLDT Group: Consolidated Service Revenues (by Product Type)
PLDT Group: Consolidated Service Revenues (by Product Type)* (Php in billions) -3% or –P5.0bn FY17 vs FY16 in 2016 4Q17 vs 4Q16 Lower by P4.1bn or 3% Higher by P0.4bn or 1% Data, broadband LEC, mobile International LEC, mobile and digital domestic Data, broadband International voice and fixed domest
Slide 9: PLDT Group: Consolidated EBITDA
PLDT Group: Consolidated EBITDA (Php in billions) Higher by P6.6bn or 11% Higher by P1.6bn or 10% Higher by P5.0bn or 8% Lower Lower provns provns Lower HIgher Higher Higher Higher and Higher and svc cost cost cash cash subsidies svc subsidies rev* of MRP of services opex services opex 67.8 rev* 17.
Slide 10: PLDT Group: Core Income
PLDT Group: Core Income (Php in billions) Recurring* Higher by P2.1bn or 11% Higher Higher Tax Lower Equity Lower Gain Non- Higher Adjs Basis for cash Fin in Provn on Higher Costs Earn- Misc. for Inc MRP Beacon Gain Others +2.1 27.7 dividend Exp Inc Exp Acc on SPi EBITDA – net ings Taxes Depn Sale +
Slide 11: PLDT Group: Capital Management
PLDT Group: Capital Management Subject to the finalization of the 2017 audited financial statements expected by 27 March 2018, and in line with PLDT’s dividend policy, 60% of 2017 core earnings of P27.7bn to be declared as regular dividends Core earnings for 2017 include: Gains from sale of as
Slide 12: PLDT Group: Debt Profile
PLDT Group: Debt Profile Net debt and net debt to EBITDA as of end December 2017 stood Debt Balance at US$2.8bn and 2.10x (US$ in billions) At end December 2017, gross debt amounted to US$3.5bn 3.7 US$ denominated gross debt now at 20% from 32% at YE16 3.4 3.5 2.9 2.9 2.4 2.9 2.8 following the
Slide 13: PLDT Group: Capex
PLDT Group: Capex (Php in billions) Fixed Line Wireless 58.0 43.2 42.8 40.0 36.4 30.5 53% (33% in 2017) 31.2 34.8 12.9 10.7 28.8 13.0 13.7 11.7 13.7 11.7 30.3 32.1 27.5 47% (67% in 2017) 17.2 22.1 23.0 27.0 17.1 2011 2012 2013 2014 2015 2016 2017 2018B % of Capex to total service revenues: 21% 23% 1
Slide 14: PLDT Group: Network Accomplishments in 2017
PLDT Group: Network Accomplishments in 2017 Further expanded the reach of PLDT’s home broadband network PLDT reached over 4.0mn fiber homes passed at year-end 2017, of which 1.2mn were installed in 2017 Fixed broadband network capacity has doubled to more than a million ports Use of hybrid t
Slide 15: PLDT Group: Network Initiatives in 2018
PLDT Group: Network Initiatives in 2018 Overall objective: to improve network quality and provide the customer a superior data experience Further expand and upgrade PLDT’s home broadband network Double fiber and hybrid fiber broadband capacity to over 2.2mn ports (650K for fiber, 550K for hybrid
Slide 16: Fixed and Wireless Network: Selected Highlights
Fixed and Wireless Network: Selected Highlights Accelerated Fixed Network Rollout TOTAL HOMES PASSED TOTAL CAPACITY TOTAL FIBER FOOTPRINT (Million Homes) (Million Ports) (Thousand Cable Kilometers Laid) 210.0 +35K fiber 5.1 2.2 linear - km 4.0 1.0 175.0 2017 2018T 2017 2018T 2017 2018T and the Wirel
Slide 17: PLDT Group: Preliminary Guidance for 2018
PLDT Group: Preliminary Guidance for 2018 Recurring Core Income*: P23-24bn Capex: P58bn To grow by P1-2bn from P22bn in 2017 To increase by P18bn from P40bn in 2017 Mainly from the combined impact of: Focus on: Higher EBITDA Improving network quality and provide the customer a o Improvem
Slide 18: 2017 Full Year Business Results
Chief Revenue Office 2017 Full Year Business Results
Slide 19: Q4 2017 Highlights: Total CRO
Q4 2017 HIGHLIGHTS : TOTAL CRO SERVICE REVENUES In Billions of Pesos ● Contribution of Home and Enterprise, our HOME 8.7 fastest growing segments, comprise 54% of revenues, excluding International and ENTERPRISE 8.8 Voyager. INDIVIDUAL 14.7 ● Combined revenues of Home and Enterprise (₱17.5 Billion)
Slide 20: Q4 2017 Highlights: Total CRO
Q4 2017 HIGHLIGHTS : TOTAL CRO Service Revenue Net of Interconnection Cost In Billions of PHP +0.5B (+1%) 37.9 37.5 35.8 35.4 35.2 35.2 35.7 35.9 International Enterprise Home Individual
Slide 21: Enterprise
O worries on your business eI It's you that counts. processors
Slide 22: 2017 FY Performance
2017 FY PERFORMANCE Enterprise delivers unprecedented growth across all business pillars. +11% | +3.5B Revenue Split +45% 34.1B +26% +0.1B +0.7B 0.3B +13% 2016 2017 +9% +0.6B 3.3B 4.9B +2.1B 30.6B Growing where it Matters 25.6B DATA and ICT VOICE, SMS and OTHERS 11% 21.4 19.2 +2.1 12% 11.4 +1.3 12.7
Slide 23: Enterprise delivers unprecedented growth
Industry Growth Banking and Finance : 13% In support of industry demand for Enterprise 9% secure and reliable ICT solutions delivers Conglomerates : 12% unprecedented 8% Providing diverse end-to-end Industry solutions growth across all Outsourcing : 15% business pillars, 9% Empowering a 1.3M+ strong
Slide 24: 2017 Highlights
2017 HIGHLIGHTS Established clear market leadership Break-out ICT Growth at 3x of Market Fixed All-Time High Growth Driven by New Strategic Streams in Cloud, Managed IT, & Cyber Security Generated by healthy Broadband, Domestic & International Data +10% +49% +59% Data Center Cloud Managed IT Service
Slide 25: Jump to the Next Curve
PRODUCTS / VALUE DRIVER PRACTICES SOLUTIONS Platform-focused Integrated TECHNOLOGY JUMP TO THE NEXT Brand-based Brand-based Skills-based + EXPERTISE CURVE ICT Value Creation: Products Best-practices to Best-practices to meet SLA’s (OX monetize to Practices & CX Ops) expertise FRAMEWORKS (Profit Ctr.
Slide 26: Jump to the Next Curve: ePLDT SOC
ICT Practice: ePLDT SOC advances end-to-end monitoring, detection, and response to cyber attacks threatening enterprise data JUMP TO THE NEXT CURVE ICT Value Creation: Products to Practices
Slide 27: Consumer Home
CONSUMER HOME
Slide 28: PLDT Home at its strongest with 13% YOY Revenue Growth
PLDT HOME NET SERVICE REVENUES In Billions of PhP PLDT Home 33.0B at its strongest w/ 29.3B VOICE 12.4B 13% YOY Revenue 11.7B +13% 6% DATA +3.7B Growth 20.6B 17.6B 17% 2016 2017
Slide 29: PLDT Home Subscribers: 12% YOY Growth
PLDT HOME SUBSCRIBERS In Millions … 12% YOY 4.10M Growth in 3.67M +12% +431K Subscriptions 2016 2017
Slide 30: 4M Fibr Homes Passed: PLDT Fibr Nation
and ending at 4M Fibr Homes Passed! YOY GROWTH IN PLDT FIBR NATION DISTRICT MUNICIPALITY COVERAGE PLDT Home Rolled out 446K NO. LUZON +73% FIBR BROADBAND LINES in SO. LUZON +39% 2017. HOMES PASSED finished at 4M, VISAYAS +48% as planned, vs 2.5M at the start MINDANAO +100% of the year. Grand Total +
Slide 31: Convergence in LTE for the best broadband experience
CONVERGENCE in LTE to provide the best broadband experience, catering to the 15M unserved prepaid Home market.
Slide 32: Newly-launched converged offers in Q4
PLDT Home stronger with newly-launched CONVERGED OFFERS in Q4 HOME Market Share Fibr Broadband Experience LTE Mobile Internet Experience PayTV Market Share HD TV Experience BUNDLE ANY 2 BUNDLE ALL 3 SERVICES SERVICES
Slide 33: New PLDT Whole Home Wifi service
Unrivaled broadband experience with the new PLDT Whole Home Wifi service Enjoy the Strength of Fibr Broadband with Whole Home WiFi allowing consumers to experience strong connections everywhere at Home. Launched FibrTV Plan to drive penetration of Cignal TV among PLDT Home Fibr subscribers. Enrich t
Slide 34: Consumer Individual
CONSUMER INDIVIDUAL and ending at 4M Fibr Homes Passed!
Slide 35: 2017 Individual Net Service Revenue
2017 NET SERVICE REVENUE (in B PhP) Wireless -0.4 -3% Individual +0.1 1% Business arrests years of decline and 18.0 17.4 posts stable 15.8 15.1 and ending at 14.7 14.9 14.6 14.7 QoQ results in 2017. 4M Fibr Homes Q3 ‘ Q1 ‘16 Q2 ‘16 Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17 Passed! 16
Slide 36: Wireless Individual Subscriber Count
2017 WIRELESS INDIVIDUAL SUBSCRIBER COUNT In Millions of Pesos 62.4* 62.8* Subscriber base +0.1 posting marginal 0% growth in the last 59.2 58.7 58.3 57.8 57.9 quarter Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17 * Q4’16 & Q1’17 figures use the 120-day churn rule
Slide 37: Data Revenue Growth driving business stability
Data Revenue Growth driving overall business stability WIRELESS INDIVIDUAL DATA REVENUE In Billions of PhP P0.80 B 15% 6.06 6.11 5.45 5.88 5.31 Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17
Slide 38: Data Contribution to Revenue
DATA CONTRIBUTION TO REVENUE As the business pivots into data, the contribution of Data to total Revenue 42% and ending increases at QoQ, ending 37% 40% 41% 35% 4MatFibr 42% Homes in Q4. Passed! Q4 ‘16 Q1 ‘17 Q2 ‘17 Q3 ‘17 Q4 ‘17
Slide 39: Smart deploys superior LTE Network
Smart successfully deploys a superior LTE Network initially at 60% availability Download Latency: Availability: Speed: LTE LTE LTE MAR 9.87Mbps 53.32 ms 39.96% 2017 7.42 55.64 ms 55.25% Mbps Download Latency: Availability: Speed: LTE LTE LTE DEC 12.71 End ‘18 Plan: Mbps 46.03 ms 59.09% *82% 2017 7.5
Slide 40: Encouraging results in LTE implementation: Cainta, Rizal
Encouraging business results in recent LTE implementation CAINTA, RIZAL (JUNE’17 LTE Network Upgrade) 21% Growth in Prepaid 72% Growth in 56% Growth in Subscriber Base Prepaid LTE Devices Prepaid LTE SIMs (Nat’l: 0%) (Nat’l: +47%) (Nat’l: +32%) PREPAID PERFORMANCE IN THE PAST 6 MONTHS
Slide 41: Encouraging results in LTE implementation: Marikina
Encouraging business results in recent LTE implementation MARIKINA (OCT’17 LTE Network Upgrade) 33% Growth in 4% Growth in Prepaid 20% Growth in Prepaid Data Subscriber Base Prepaid LTE SIMs (Nat’l: +0.2%) Revenue (Nat’l: +16.3%) (Nat’l: +5.9%) PREPAID PERFORMANCE IN THE PAST 3 MONTHS
Slide 42: Strengthened Go-to-Market in pursuit of data growth
ADVERTISING & PROMOTIONS In Millions of Pesos 4,150 2,755 As we pursue growth in data, we strengthened 2016 2017 our Go-to-Market with more digital, analytics- PRODUCT SUBSIDY driven and cost- In Millions of Pesos effective campaigning 8,119 1,920 2016 2017
Slide 43: Voyager is the Digital Operating System for the New Economy
Voyager is the Digital Operating System for the New Economy “Accelerating DX for enterprises.” Enabling businesses to deliver what consumers want. “A digital experience for every Filipino” Providing consumers what they want, anytime, anywhere.
Slide 44: Voyager: promoting digital and financial inclusion
Voyager: promoting digital and financial inclusion Supporting financial inclusion 30M Filipinos enabled by digital financial services by 2020 Payments. Insurance. Savings. Investments. Loans. Largest digital lending footprint in Ph PhP27-B worth of loans disbursed via Lendr platforms Pioneering inno
Slide 45: Other Details
@PLOT Bsmart Other Details
Slide 46: PLDT Group: 4Q17 vs 4Q16 Financial Highlights
PLDT Group: 4Q17 vs 4Q16 Financial Highlights Home* Enterprise* Individual* International* Voyager* P8.7bn P8.8bn P14.7bn P3.8bn P0.3bn +14% +11% -3% -22% -12% +P1.0bn +P0.9bn (P0.4bn) (P1.1bn) --- Conso Service Revenues Wireless Fixed Line (net of interconnection costs: P1.9bn) Service Revenues** S
Slide 47: PLDT Group: 4Q17 vs 3Q17 Financial Highlights
PLDT Group: 4Q17 vs 3Q17 Financial Highlights Home* Enterprise* Individual* International* Voyager* P8.7bn P8.8bn P14.7bn P3.8bn P0.3bn +3% +3% +1% -9% -18% +P0.2bn +P0.3bn +P0.1bn (P0.4bn) (P0.1bn) Conso Service Revenues Wireless Fixed Line (net of interconnection costs: P1.9bn) Service Revenues**
Slide 48: PLDT Group: Service Revenues (by Product Type)
PLDT Group: Service Revenues (by Product Type)* (Php in billions) Fixed Line* FY17 vs FY16 Higher by P7.1bn or 11% Data and LEC and International and Broadband Others domestic voice +6.6** +1.2 -0.7 +18% +6% -12% 70.2 63.1 Contribution to total FY17 service revenues: Amount 44.3 20.7 5.3 % 63% 30% 7
Slide 49: PLDT Group: Home Service Revenues
PLDT Group: Home Service Revenues* Home +10% in (Php in billions) 2016 Service Revenues (Php i n mi l l i ons ) FY16 FY17 Higher by P3.7bn or 13% Data/Broadband 17,631 20,562 Fixed Line LEC 10,871 11,655 Domestic Domestic Voice 785 742 Data/ LEC Voice Others 19 19 broadband +7% -5% Total 29,306 32,9
Slide 50: PLDT Group: Individual Service Revenues
PLDT Group: Individual Service Revenues* Individual (Php in billions) Service Revenues (Php in millions) FY16 FY17 Lower by P7.5bn or 11% Mobile Data 22,274 23,496 Mobile Domestic Voice 21,752 18,717 Mobile SMS 22,003 16,270 domestic Others 341 431 Mobile data SMS voice Others Total 66,370 58,914 +5
Slide 51: PLDT Group: Enterprise Service Revenues
PLDT Group: Enterprise Service Revenues* (Php in billions) +9% in Higher by P3.5bn or 11% 2016 Fixed Mobile Fixed ILD/NLD Mobile domestic domestic and Mobile Corp. Data Data voice voice ILD SMS Others +16% -17% +159% +2% -1% +7% +35% +2.6 -0.5 +0.9 +0.1 --- +0.1 +0.2 34.1 30.6 Data and broadband Voi
Slide 52: IFRS 15
IFRS 15 Core principle: Recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services Steps involved: Identify the contract(s) with the custo
Slide 53: Appendix
@PLOT Bsmart Appendix
Slide 54: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers (1) by Category: Dec-17 (2) Sept-17 (2) Jun-17 (2) Mar-17 Dec-16 Sept-16 Jun-16 Mar-16 Mobile Subscriber Base (1) Prepaid (2) 55,776,646 55,651,398 56,083,707 60,421,068 59,952,941 62,259,067 64,701,367 64,651,175 Smart Prepaid 20,433,351 20,537,068 20,587,
Slide 55: Subscriber Base: Broadband and Fixed Line
Subscriber Base: Broadband and Fixed Line Broadband Subscribers Dec-17 Sept-17 Jun-17 Mar-17 Dec-16 Sept-16 Jun-16 Mar-16 BROADBAND Wireless Home Broadband 237,354 251,897 257,187 264,227 270,203 271,572 265,473 248,675 (1) Fixed Line Broadband 1,713,527 1,651,515 1,575,914 1,506,578 1,450,550 1,407
Slide 56: FY2017: Consolidated Financial Highlights
FY2017: Consolidated Financial Highlights FY2017 FY2016 % Change (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Total Revenues 93,835 78,341 16 159,926 165,262 (3%) (1) Service Revenues 88,652 74,757 16 151,165 157,210 (4%) (2) Cash Operating Expenses 47,584 41,977 74 75,774
Slide 57: Underlying Core Income
Underlying Core Income 2017 2016 (Php in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Core Income 5,329 12,098 5,762 4,479 27,668 7,211 10,489 4,036 6,121 27,857 Core Income Adjustments One-Time Provisions and Subsidies - - - - - 1,011 2,034 1,605 - 4,650 Manpower Reduction Program (MRP) - 1,509 80 - 1,5
Slide 58: Reconciliation of Core and Reported net income
Reconciliation of Core and Reported net income FY2017 FY2016 % Change (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Net Income (Losses) Attributable to Equity Holders of PLDT (3,516) 7,385 10,120 13,371 20,006 (33%) Add (Deduct): Foreign Exchange Losses, Net 46 98 267 411 2,
Slide 59: Consolidated Service Revenues
Consolidated Service Revenues 2017 2016 (Php in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Fixed Line 15,556 15,620 15,979 16,656 63,811 14,287 14,320 14,446 15,033 58,086 LEC 4,553 4,623 4,695 4,727 18,598 4,333 4,384 4,479 4,499 17,695 Fixed Line Voice - International 970 859 800 924 3,553 1,240 1,09
Slide 60: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2017 2016 (Php in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Data/Broadband/Digital Platforms 16,221 16,608 16,948 17,422 67,199 14,525 14,975 15,170 15,748 60,418 Mobile Data 6,235 6,614 6,493 6,639 25,981 6,063 6,444 6,375 6,333 25,215 Mobile Internet 4,612 5,
Slide 61: Wireless Service Revenues and EBITDA
Wireless Service Revenues and EBITDA 2017 2016 (Php in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Data/Broadband/Digital Platforms 7,281 7,627 7,555 7,614 30,077 6,944 7,270 7,375 7,428 29,017 Mobile Data 6,308 6,691 6,566 6,716 26,281 6,127 6,536 6,445 6,409 25,517 Mobile Internet 4,612 5,100 5,050 5,
Slide 62: Fixed Line Service Revenues and EBITDA
Fixed Line Service Revenues and EBITDA 2017 2016 (Php in millions) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Data/Broadband 10,574 10,885 11,111 11,724 44,294 9,110 9,216 9,457 9,928 37,711 Home Broadband 4,134 4,361 4,663 4,896 18,054 3,434 3,655 3,835 3,972 14,896 Corp. Data and Other Network Services 5,622 5
Slide 63: Expenses
Expenses FY2017 FY2016 % Change ( Php in millions) Wireless Fixed Line Others Consolidated Consolidated Operating Expenses Compensation and Employee Benefits (1) 7,268 15,529 - 22,782 19,928 14% Repairs and Maintenance 7,846 5,561 - 12,744 14,706 (13%) Selling and Promotions 4,159 1,766 - 5,908 7,68
Slide 64: Other Income (expenses)
Other Income (expenses) FY2017 FY2016 % Change (Php in millions) Wireless Fixed Line Others Consolidated Consolidated Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Beacon - - 886 886 2,089 (58%) Vega - - 55 55 (1,027) (105%) Others (129) 44 2,050 1,965 119 1,551% Total Equit
Slide 65: ARPU
ARPU Mobile ARPU, Net(1) : 2017 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Smart Postpaid 965 985 975 961 938 951 946 970 Smart Prepaid (2) 104 109 108 110 112 110 102 104 TNT (2) 71 77 74 75 80 77 71 75 Sun Postpaid 413 412 421 428 475 453 402 418 Sun Prepaid (2) 78 82 82 85 80 81 84 85 (1) Includes Mobile Broad
Slide 66: Earnings Per Share (EPS)
Earnings Per Share (EPS) FY2017 FY2016 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 13,371 13,371 20,006 20,006 Dividends on Preferred Shares (59) (59) (59) (59) Net Income for the Period Attributable to Common
Slide 67: Balance Sheet
Balance Sheet Consolidated (Php in millions) December 31, 2017 December 31, 2016 Total Assets 459,262 475,119 Nominal Value of Total Long-Term Debt 173,136 185,663 in US$ $3,466 $3,730 Less: Unamortized Debt Discount 525 631 Total Long-Term Debt 172,611 185,032 Cash and Short-Term Investments 33,979
Slide 68: Debt Profile
Debt Profile (US$ in millions) 2012 2013 2014 2015 2016 2017 Debt Balance 2,851 2,353 2,920 3,429 3,730 3,466 Cash and Short-Term Investments 919 735 610 1,016 833 668 Net Debt 1,932 1,618 2,310 2,413 2,897 2,798 Interest-Bearing liabilities December 31, December 31, 2017 2016 Unamortized Debt Chang
Slide 69: Foreign Exchange Risk
Foreign Exchange Risk Forex Impact on Core Income Forex Impact of B/S Revaluation Forex sensitivity for every P1 change Forex sensitivity for every P1 change on B/S (in US$ millions) Conso - net of Elim Conso Revaluation (in US$ millions) US$ Revenues* 477.7 Debt (net of LT hedges & ST Forwards/opti
Slide 70: Forward-looking statements
Except for historical financial and operating data and other information in respect of historical matters, the statements contained herein are “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchang
Slide 71: PLDT Smart
A PLDT ASmart