PLDT, Inc. · PSE:TEL
PLDT — 9M 2021 Earnings Presentation
61 slides from PLDT's earnings presentation, Nov 4, 2021
Slide 1: 9M 2021 Financial and Operating Highlights
9M 2021 Financial and Operating Highlights 4th November 2021
Slide 2: Q3 2021 Performance: Financial Highlights
Q3 2021 PERFORMANCE FINANCIAL HIGHLIGHTS INCOME GROWTH TELCO CORE INCOME 786M YOY GROWTH 11% ALL- ALL- NET SERVICE EXPENSES ADJUSTED EBITDA TIME TIME REVENUE HIGH (ex-MRP) (ex-MRP) HIGH 46.0B vs YAGO’s 43.7B 21.5B vs YAGO’s 21.0B 24.5B vs YAGO’s 22.7B +2.3B, +5% +0.5B, +3% +1.7B, +8% 2
Slide 3: 9M 2021 Performance: Financial Highlights
9M 2021 PERFORMANCE FINANCIAL HIGHLIGHTS INCOME GROWTH TELCO CORE INCOME 2.1B YOY GROWTH 10% ALL- ALL- NET SERVICE EXPENSES ADJUSTED EBITDA TIME TIME REVENUE HIGH (ex-MRP) (ex-MRP) HIGH 135.9B vs YAGO’s 126.6B 64.8B vs YAGO’s 60.6B 71.1B vs YAGO’s 66.0B +9.3B, +7% +4.2B, +7% +5.1B, +8% 3
Slide 4: We reaffirm our position of strength
We reaffirm our position of strength HOME WIRELESS Revenue 5G Data Traffic Breached 1M Revenue Increase Fiber-only Revenue Contribution Fixed wireless In the first nine months Increase of Data vs Q4 2020 subscribers PHW, Smart Ent, MyBro ENTERPRISE September Installs New Fiber Customers Record high
Slide 5: Consistently delivering exceptional CX
Consistently delivering exceptional CX Philippines’ Fastest and Most Philippines’ Fastest and Most Extensive Fixed Network Extensive Mobile Network Expansive Fiber Infrastructure 17% increase from end-June Live 5G Base Stations LTE Network Coverage 1,202% increase vs 489 end-2020 Homes Passed Fiber
Slide 6: Building a digital ecosystem to secure future growth
Building a digital ecosystem to secure future growth Enabling customers to seamlessly Driving broader manage their digital lifestyle financial inclusion Poised as the Philippines’ only end-to-end MONTHLY ACTIVE USERS ACTIVE USERS financial services ecosystem Sept. 2021 at 6.252M VS. YAGO’s 800k REGI
Slide 7: Financials
Financials 7
Slide 8: PLDT Group: Service Revenues (by Customer Segment)
PLDT Group: Service Revenues (by Customer Segment) (Php in bn) 9M 2021 vs 9M 2021 9M 2020 9M 2020 3% 65.1bn 63.1bn Individual +2.0bn Fiber-only 28.3bn 25% 78% Home 35.3bn +7.0bn +10.2bn 30.5bn 2% Enterprise 31.1bn +0.6bn 8% Consumer and Enterprise 131.5bn 121.9bn +9.6bn International and Carrier 5%
Slide 9: PLDT Group: Service Revenues (by Customer Segment)
PLDT Group: Service Revenues (by Customer Segment) (Php in bn) 1Q 2021 vs 1Q 2020 2Q 2021 vs 2Q 2020 3Q 2021 vs 3Q 2020 9M 2021 vs 9M 2020 3% Individual 22.1bn 7% 21.7bn 6% 21.3bn 3% 65.1bn +1.4bn +1.3bn -0.7bn +2.0bn Home 10.9bn 19% 11.8bn 27% 12.6bn 29% 35.3bn 25% +1.7bn +2.5bn +2.8bn +7.0bn 2% En
Slide 10: Consolidated Service Revenues: Reaching a new all-time high
Consolidated Service Revenues: Reaching a new all-time high (Php in bn) 9M2021: 7% P135.9bn +9.3bn 3Q21 vs 3Q20 2% 5% +1.0bn +2.3bn 43.7 44.9 44.8 45.0 46.0 41.5 41.3 1.4 1.5 1.5 1.5 1.5 -1% 1.6 1.5 10.1 10.7 10.5 10.2 10.3 +2% 10.0 10.0 9.8 10.2 10.9 11.8 12.6 9.2 9.3 +29% 20.7 20.4 22.0 23.1 22.1
Slide 11: Consolidated Service Revenues: Growth propelled by data and broadband
Consolidated Service Revenues: Growth propelled by data and broadband (Php in bn) Service Revenues Data and Broadband 9M2021: 7% 9M2021: 14% P135.9bn P103.9bn +9.3bn +13.1bn 76% of Service Revenues ILD SMS/Voice Data/broadband 43.7 44.9 44.8 45.0 46.0 41.5 41.3 0.9 0.9 0.9 0.9 1.0 1.0 1.1 9.5 10.9 1
Slide 12: 9M 2021 Service Revenues: 76% from data/broadband
9M 2021 Service Revenues: 76% from data/broadband (Php in bn) (2021 vs 2020) ILD 4.7 11% 2.7 13% +0.4 ICT 24.6 4% 13% Corp. Data 3.6 +0.6 16.2 Mobile Data* 9M2021 9% 13% P135.9bn Data/ Home Broadband** Broadband +4.4 52.6 P103.9bn 32% 31.5 Data/Broadband 14% +7.6 103.9 +13.1 % Data/Broadband to tota
Slide 13: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Php in bn) 9M 2021 vs 9M 2021 9M 2020 9M 2020 Service Revenues 7% 135.9bn 126.6bn (net of interconnection costs) +9.3bn Cash Opex, Subsidies, 7% 64.8bn 60.6bn Provisions +4.2bn (ex-MRP) * excl Provisions: P60.4bn, +6.2bn or +11% Provisions 4.4bn 6.4bn EBITDA 71.1bn
Slide 14: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights 1Q 2021 vs 3Q 2021 vs (Php in bn) 1Q 2021 2Q 2021 2Q 2021 vs 3Q 2021 3Q 2020 1Q 2020 2Q 2020 Service Revenues 44.8bn 8% 45.0bn 9% 46.0bn 5% (net of interconnection costs) +3.3bn +3.7bn +2.3bn Cash Opex, Subsidies, Provisions 21.6bn 9% 21.7bn 10% 21.5bn 3% (ex-MRP) +1
Slide 15: PLDT Group: Subscriber Base
PLDT Group: Subscriber Base (in ‘000) End Sep 2021 End 2020 2% Total Subscribers 77,784 79,067 -1,283 Mobile 3% 22% 13% 70,565 72,934 Broadband 3,777 3,090 Fixed Line 3,442 3,043 -2,369 +687 +399 Cellular 69,784 72,001 -3% Fixed Wireless 1,008 817 +24% Prepaid 67,873 70,038 -3% Postpaid Fixed 2,769
Slide 16: PLDT Group: Broadband subscriber base hitting record highs
PLDT Group: Broadband subscriber base hitting record highs (in ‘000) 2021 (in '000) 1Q 2Q 3Q 9M2021 Subscribers Fixed Broadband Gross 241 270 349 860 Churn (129) (117) (119) (365) Fiber Only: Gross Connects and Migrations Net Adds 112 154 230 495 2,769 (Monthly ave. per qtr) Gross Installs Migration
Slide 17: Individual: Growth dampened by competition and the pandemic
Individual: Growth dampened by competition and the pandemic (Php in bn) 9M2021: 3% P65.1bn -2% 3Q21 vs 3Q20 +2.0bn -0.5bn 22.0 23.1 22.1 21.7 21.3 3% 20.7 20.4 -0.7bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 9M21 qtr ave vs FY20 qtr ave 2020: P86.2bn Qtr ave: P21.5bn Qtr ave: P21.7bn 1% ➢ Challenging mark
Slide 18: Home: Upward momentum in installs and revenues accelerating
Home: Upward momentum in installs and revenues accelerating, leading the market (Php in bn) Fiber-only 3Q21 vs 3Q20 9M 2021: 25% 9M 2021: 78% 29% P35.3bn P23.2bn +7% +7.0bn +10.2bn +2.8bn +0.8bn 12.6 11.8 10.2 10.9 9.2 9.3 9.8 All time high +17% +83% +21% 7.7 9.0 +4.1bn Fiber 3.8 4.3 4.9 5.2 +24% 6.
Slide 19: Enterprise: Deal pipeline closed in first half beginning to manifest
Enterprise: Deal pipeline closed in first half beginning to manifest (Php in bn) 9M2021: 2% P31.1bn +0.6bn +6% 3Q21 vs 3Q20 +0.6bn 10.5 10.3 10.7 2% 10.0 10.0 10.2 10.1 +0.2bn All time high 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 9M21 qtr ave vs FY20 qtr ave: Note: • Net of interconnection costs 2020: P4
Slide 20: International/Carrier: Continuing to manage the long-tail
International/Carrier: Continuing to manage the long-tail (Php in bn) 9M2021: 5% P4.4bn -0.2bn 3Q21 vs 3Q20 1.63 +4% +0.1bn 1% 1.53 1.48 1.51 1.47 1.46 1.41 --- 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Zero mobile interconnect fees for SMS and Voice (1 Jan 2020) 2020: P6.1bn Qtr ave: P1.5bn Qtr ave: P1.5b
Slide 21: Consolidated EBITDA (ex-MRP) and Telco Core Income: 9M 2021 vs 9M 2020
Consolidated EBITDA (ex-MRP) and Telco Core Income: 9M 2021 vs 9M 2020 (Php in bn) Higher Higher Svc Rev Cash Lower Higher (net of IC) Opex/CoS Provisions Subsidies +9.3 -5.9 +2.0 -0.3 71.1 66.0 EBITDA 8% (ex-MRP) +5.1bn 9M 2020 9M 2021 EBITDA margins 52% 51% Higher Higher Higher Higher Equity in Lo
Slide 22: Consolidated EBITDA (ex-MRP): A new all time high
Consolidated EBITDA (ex-MRP): A new all time high (Php in bn) 9M2021: 8% P71.1bn +5.1bn Margin: 51% 3Q21 vs 3Q20 +5% +1.1bn 24.5 8% 22.7 22.8 23.3 23.3 21.6 21.6 +1.7bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 All time high 9M21 qtr ave vs FY20 qtr ave 2020: P88.8bn Qtr ave: P22.2bn Qtr ave: P23.7bn 7% Ma
Slide 23: Telco Core Income: On track to hit FY21 P30bn guidance
Telco Core Income: On track to hit FY21 P30bn guidance (Php in bn) 9M2021: 10% P23.1bn +2.1bn 3Q21 vs 3Q20 +2% +0.2bn 7.9 11% 7.7 +0.8bn 7.5 7.1 7.1 7.0 6.9 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 9M21 qtr ave vs 2020: P28.1bn FY20 qtr ave Qtr ave: P7.0bn Qtr ave: P7.7bn 10% +0.7bn 23
Slide 24: PLDT Group: Telco Core and Reported Income
PLDT Group: Telco Core and Reported Income (Php in bn) 9M 2021 9M 2020 9M 2021 vs 9M 2020 10% Telco Core Income 23.1bn 21.0bn +2.1bn Share in Voyager Loss (1.3bn) (1.3bn) -- Voyager Gain on Dilution, net of tax 0.7bn --- +0.7bn 22.5bn 19.7bn 14% Telco Core Income + Voyager +2.8bn Asset Sales 0.8bn -
Slide 25: PLDT Group: Debt Profile
PLDT Group: Debt Profile Debt Balance Debt Maturities (gross) (US$ in billions) (US$ in millions, 30 Sep 2021) Net Debt Net Debt-to-EBITDA* 2.42x Gross Debt US$4,470mn US$4,866mn (1H2021: 2.28x) 2,926 3.8 4.7 3.8 4.9 4.5 3.3 0.5 0.9 0.4 546 443 39 305 317 290 2019 2020 9M2021 Debt Balance ** Cash &
Slide 26: PLDT Group: Consolidated Capex
PLDT Group: Consolidated Capex (Php in bn) 2011 to 2015 2016 to 2020 Last 10 Years Capex 2021 Total Capex P174.4bn P286.4bn P460.8bn Guidance P88bn – P92bn Investments Business Capex Network/IT ➢ Capex is “demand driven” resulting in a faster monetization of the 47% investment 1% +20.2bn ▪ Network/I
Slide 27: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Extensive Fixed Network Rollout TOTAL CAPACITY (Fiber) TOTAL FIBER FOOTPRINT TOTAL HOMES PASSED (Million Ports) (Thousand Cable Kilometers Laid) (Million Homes) ➢ Available Ports: 2.2mn (1.5mn fiber + ➢ 9M2021 roll out 149% of 125K kms for 2021 +
Slide 28: Smart 5G Highlights
Smart 5G Highlights Connected Unique Devices Data Traffic Ookla In ‘000 (Total for the Quarter) +202% In TB Mbps 5,686 +103Mpbs +46% 759 +116% 217.03 +90% +38% 520 376 2,627 252 114.12 944 294 Smart Globe Dec-20 Mar-21 Jun-21 Sep-21 4Q20 1Q21 2Q21 3Q21 OOKLA MEDIAN SPEED Ave/mo: as of September 2021
Slide 29: Ookla: Average Mobile Download Speeds
OOKLA SPEEDTEST: Average Mobile Download Speeds (Mbps) As of September 2021, SMART continues to lead with 51.13 Mbps, 163% faster YOY ➢ Philippines ranking: 72nd of 138 (+1) ➢ Smart ranked individually: Smart's vs PHI Ranking Ranking Global 54 of 138 +18 Asia 16 of 45 +7 ASEAN 4 of 10 +1 SEP 2021 vs
Slide 30: Ookla: Average Fixed Download Speeds
OOKLA SPEEDTEST: Average Fixed Download Speeds (Mbps) As of September 2021, PLDT fastest at 92.36Mbps, 289% higher YoY ➢ Philippines ranking: 64 of 181 ➢ PLDT ranked individually: PLDT's vs PHI Ranking Ranking Global 53 of 181 +11 Asia 14 of 48 +3 ASEAN 4 of 10 +1 SEP 2021 vs. SEP 2020 +289% +148% +
Slide 31: Smart still the fastest in the country
Smart still the fastest in the country 1.8x Faster than nearest competitor 2.3x Bigger Globe speed increase than Ookla Average Download Speed – All Technologies (Mbps) 56 +16 Mbps vs April 40 31 +7 Mbps vs April 24 22 +2 Mbps vs April 20 APR JUL OCT 31
Slide 32: Best in Experience Metrics
Best in Experience Metrics Opensignal Mobile Experience Awards Oct 2021 32
Slide 33: Cignal TV Updates
Cignal TV Updates ➢ 3.765mn subscribers at the end of Sept 2021 higher by 1mn year-on-year ▪ 3.37 mn are prepaid ➢ ARPUs: ▪ Prepaid P146 ▪ Postpaid P524 ➢ Financial highlights for PayTV 33
Slide 34: PayMaya / Voyager
PayMaya / Voyager 34
Slide 35: PayMaya: Leading the charge in digital financial services
PayMaya: Leading the charge in digital financial services ~41M Registered users across consumer platforms >2.7X growth since start of 2020 ~50% On track, total GTV growth by YE 2021 #1 Largest payments processor for key industries Including everyday merchants and eCommerce >380K Most extensive digit
Slide 36: PayMaya App: Driving superiority where it matters for customers
PayMaya App: Driving superiority where it matters for customers Unlocking the digital life for Filipinos with superior features and “everyday” use cases with the PayMaya e-wallet 80% YoY Growth of Average GTV per user >90 K FREE cash in touchpoints, with total of 110K cash in touchpoints >1.5 K Bill
Slide 37: PayMaya Enterprise: Continued market share gain
PayMaya Enterprise: Continued market share gain with expansion across key segments and MSMEs Continuing to expand on key segments (hospitals, supermarkets, tollways, SME) and enabling digital government as the main payment gateway for national agencies and LGUs >100% YoY growth for transactions as t
Slide 38: Smart Padala by PayMaya
Smart Padala by PayMaya: Transforming from remittance centers to digital FinServ hubs in grassroots communities ”Sendali” Campaign launched to strengthen >60 K Agent network touchpoints nationwide superiority and synergies with Consumer wallet 1.8X from end-Sept. 2020 92% Presence in all cities and
Slide 39: With Maya Bank, PayMaya will accelerate digital FinServ adoption
With Maya Bank, PayMaya will accelerate digital FinServ adoption and unlock the value of its deep ecosystem • Digital Bank License granted by the Monetary Board, The tech and convenience of PayMaya set to launch by Q1 2022 with the credibility of a bank • Offering specialized lending and deposit pro
Slide 40: Sustainability
Sustainability 40
Slide 41: PLDT Group: Latest Updates
PLDT Group: Latest Updates Renewable energy mix Deployment of carbon fiber ➢ Agreement with M-Serv to provide towers renewal energy source for e-PLDT ➢ 13 sites for permitting data centers ➢ 14 sites undergoing re-survey ➢ To pursue the same for PLDT for possible re-design ➢ 8 for new site search Us
Slide 42: PLDT Group: Sustainability in Action
PLDT Group: Sustainability in Action e-waste to e-learn (Oct 18) Turnover of Equipment for PLDT and Smart among top performers Partnership with UNIDO and DENR Agusan Peatland Conservation (Oct 25) In the Xtrash Challenge (Oct 14) Partnership with DENR, LGU Partnership of PBSP and BEST ➢ e-waste awar
Slide 43: PLDT's Purpose: Connecting and Empowering Filipinos Everywhere Digitally
PLDT’s Purpose: Connecting and Empowering Filipinos Everywhere Digitally Selected ESG Initiatives Sustainability: high on the CEO Agenda and incorporated into the businesses’ strategies Environmental Social Governance GHG/carbon footprint reduction Connectivity Directors and Officers ➢ Energy effici
Slide 44: Selected PLDT ESG Ratings
Selected PLDT ESG Ratings: Our starting point from which to measure progress of our sustainability journey 47 21 21 2018 2019 2020 C Awareness PLDT is included in the C FTSE4Good F F Index 2018 2019 2020 (PLDT opted not to participate) ➢ Selection criteria designed to reflect strong ESG risk managem
Slide 45: Appendix
Appendix 45
Slide 46: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers by Category: Net Adds (Reductions) Sep-21 Jun-21 Mar-21 Dec-20 3Q21 vs YE20 Mobile Subscriber Base (1) Prepaid 68,524,765 69,625,148 69,706,746 70,779,021 (2,254,256) (3%) Smart Prepaid 25,966,496 26,915,884 27,227,210 29,090,167 (3,123,671) (11%) TNT 42,55
Slide 47: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Net Adds Sep-21 Jun-21 Mar-21 Dec-20 3Q21 vs YE20 Fixed Line Subscribers 3,441,847 3,245,547 3,108,796 3,042,815 399,032 13% Broadband Subscribers Net Adds Sep-21 Jun-21 Mar-21 Dec-20 3Q21 vs YE20 BROADBAND Fixed Line Broadband (1) 2,7
Slide 48: ARPU
ARPU Mobile ARPU, Net(1) : 2021 2020 1Q 2Q 3Q 1Q 2Q 3Q 4Q Smart Postpaid 819 823 825 804 816 804 828 Smart Prepaid 104 104 104 112 110 116 113 TNT 83 85 84 71 76 84 86 Sun Postpaid 407 387 445 377 386 362 376 Sun Prepaid - - - 66 67 79 - (1) Includes Mobile Broadband subscribers Broadband ARPU, Net
Slide 49: Consolidated Financial Highlights
Consolidated Financial Highlights 9M2021 Y-o-Y 9M2020 Wireless Fixed Line Others Consolidated % Change (Php in millions) (1) Service Revenues 74,811 84,392 - 138,460 127,849 8% (2) Cash Operating Expenses 25,989 47,002 5 59,111 51,861 14% Subsidies and Cost of Services 2,172 2,073 - 4,153 3,704 12%
Slide 50: Consolidated Service Revenues
Consolidated Service Revenues 2021 2020 % Change 9M21 vs 3Q21 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (Php in millions) 9M20 3Q20 Fixed Line 20,861 21,318 22,373 64,552 18,543 18,729 20,011 57,283 20,603 77,886 13% 12% LEC 3,404 3,407 3,446 10,257 3,513 3,719 3,538 10,770 3,405 14,175 (5%) (3%) Fixed Line
Slide 51: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2021 2020 % Change 9M21 vs 3Q21 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (Php in millions) 9M20 3Q20 Data and Broadband 33,911 34,464 35,753 104,128 29,357 29,667 31,921 90,945 33,635 124,580 14% 12% Home Broadband 9,797 10,457 11,285 31,539 7,505 7,835 8,562 23,902
Slide 52: Wireless Service Revenues
Wireless Service Revenues 2021 2020 % Change 9M21 vs 3Q21 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (Php in millions) 9M20 3Q20 Data/Broadband 18,141 18,419 18,472 55,032 15,532 15,828 17,086 48,446 18,325 66,771 14% 8% Mobile Data 17,568 17,576 17,696 52,840 15,519 15,816 17,078 48,413 18,318 66,731 9% 4% M
Slide 53: Fixed Line Service Revenues
Fixed Line Service Revenues 2021 2020 % Change 9M21 vs 3Q21 vs 1Q 2Q 3Q 9M 1Q 2Q 3Q 9M 4Q FY (Php in millions) 9M20 3Q20 Data/Broadband 18,292 18,692 20,031 57,015 16,032 16,238 17,149 49,419 17,764 67,183 15% 17% Home Broadband 9,238 9,626 10,520 29,384 7,515 7,845 8,574 23,934 9,111 33,045 23% 23%
Slide 54: Expenses
Expenses 9M2021 Y-o-Y 9M2020 (Php in millions) Wireless Fixed Line Others Consolidated % Change Operating Expenses Compensation and Employee Benefits 5,848 13,538 - 19,369 17,647 10% Repairs and Maintenance 8,190 10,434 - 17,967 15,875 13% Professional and Other Contracted Services 3,312 4,650 5 6,3
Slide 55: Other Income (expenses)
Other Income (expenses) 9M2021 Y-o-Y 9M2020 Wireless Fixed Line Others Consolidated % Change ( Php in millions) Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Multisys - - 69 69 (112) 162% Vega - - 950 950 32 2,869% Voyager - - (1,442) (1,442) (1,584) (9%) Others - 52 - 52 (3
Slide 56: Earnings Per Share (EPS)
Earnings Per Share (EPS) 9M2021 9M2020 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 18,847 18,847 19,687 19,687 Dividends on Preferred Shares (44) (44) (44) (44) Net Income for the Period Attributable to Common
Slide 57: Balance Sheet
Balance Sheet Consolidated (Php in millions) September 30, 2021 December 31, 2020 Total Assets 612,438 575,846 Nominal Value of Total Debt 247,587 224,027 in US$ $4,866 $4,665 Less: Unamortized Debt Discount 1,628 1,262 Total Debt 245,959 222,765 Cash and Short-Term Investments(1) 20,155 42,379 (2)
Slide 58: Debt Profile
Debt Profile (US$ in millions) 2019 2020 9M2021 Debt Balance 3,800 4,665 4,866 Cash and Short-Term Investments 486 882 396 Net Debt 3,314 3,783 4,470 Interest-Bearing liabilities December 31, September 30, 2021 2020 Change Carrying Unamortized Debt Face Value Face Value Value Discount/Debt Issuance
Slide 59: 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 533.0 Debt (net of LT hedges & ST Forwards/optio
Slide 60: 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 61: PLDT
(PLDT