PLDT, Inc. · PSE:TEL
PLDT — H1 2022 Earnings Presentation
64 slides from PLDT's earnings presentation, Aug 4, 2022
Slide 1: First Half 2022 Financial and Operating Highlights
First Half 2022 Financial and Operating Highlights 4th August 2022
Slide 2: Financial Growth
1 H 2 0 2 2 R E S U LT S Financial Growth Telco Core Service Revenues YAGO 17.0B 1H Telco Core 46.4 47.9 44.8 45.0 +12% vs. YAGO’s 15.2B 94.3B 1H Service Revenues 8.2 8.8 +5% vs. YAGO’s 89.9B 7.5 7.7 ALL-TIME HIGH Q1 Q2 2
Slide 3: Financial Performance
1 H 2 0 2 2 R E S U LT S Financial Performance 1H Expenses 1H EBITDA EBITDA Margin 43.8B 50.5 52% +1% vs. YAGO’s 43.3B +8% vs. YAGO’s 46.6B vs. YAGO’s 51% ALL-TIME HIGH 3
Slide 4: Data Revenues
1 H 2 0 2 2 R E S U LT S Data Revenues Growth vs. YAGO Wireless 35.7 2% 79% Data Revenues Home 24.6 22% Corporate 11.9 11% vs. YAGO's 76% ICT 2.6 14% 4
Slide 5: Largest Integrated Telco
1 H 2 0 2 2 R E S U LT S Largest Integrated Telco Additional Fiber Ports Additional 5G BTS 1.92M vs. YAGO 2,513 vs.YAGO Total Fiber Ports Total 5G BTS 6.72Mvs. YAGO's 4.80M 7,289 vs. YAGO's 4,776 5
Slide 6: Data Center Dominance
1 H 2 0 2 2 R E S U LT S Data Center Dominance Additional 3rd Party Racks Total Rack Utilization 612 vs. YAGO 74% 4,541 of 6,133 Ready Racks Out of 8,930 Full Capacity 6
Slide 7: Tripled our international capacity with the Jupiter Cable System
Tripled our international capacity with the Jupiter Cable System 7
Slide 8: Jumpstarted our journey towards a greener fleet
D O I N G B U S I N E S S R E S P O N S I B LY Jumpstarted our journey towards a greener fleet 8
Slide 9: As we transform…
As we transform… SOLID ENHANCED RELENTLESS PLAN WAYS OF EXECUTION WORKING 9
Slide 10: Financials
Financials 10
Slide 11: PLDT Group Service Revenues: Reaching new highs
PLDT Group Service Revenues: Reaching new highs (Php in bn) 1H 2022 1H 2022 1H 2021 vs 1H 2021 6% Individual 41.2bn 43.8bn -2.6bn Fiber only 23.2bn 28.1bn 24% Home 22.7bn 62% +5.4bn +8.9bn 9% Enterprise 23.2bn 21.3bn +1.9bn 5% Consumer and Enterprise 92.5bn 87.8bn +4.7bn International and Carrier 2.
Slide 12: Service Revenues: Robust 2Q22 despite tougher market conditions
Service Revenues: Robust 2Q22 despite tougher market conditions Service Revenues ₱94.3B 5% +4.4B 1Q22 2Q22 ₱46.4B 3% ₱47.9B 6% Almost double the +1.5B +2.9B 1Q2022 Y-o-Y growth Home Enterprise Individual ₱28.1B 24% +5.4B ₱23.2B 9% ₱41.2B 6% +1.9B -2.6B Fiber: ₱23.2B 62% +8.9B 1Q22 2Q22 1Q22 2Q22 1Q2
Slide 13: Consolidated Service Revenues: Fifth quarter of sequential improvements
Consolidated Service Revenues: Fifth quarter of sequential improvements, 1H22 reaches an all-time high (Php in bn) 1H22 vs 1H21 1H 2022 5% ₱94.3bn 2Q22 vs 2Q21 +4.4bn +3% 6% +1.5bn +2.9bn +0.2bn -0.1bn 46.4 47.9 44.9 44.8 45.0 46.0 46.2 41.5 41.3 43.7 0.8 +7% 0.9 -13% 1.5 1.5 1.0 1.0 1.0 1.0 1.6 1.5
Slide 14: Sustained quarter-on-quarter growth in data and broadband
Consolidated Service Revenues: Sustained quarter-on-quarter growth in data and broadband (Php in bn) 1H22 vs 1H21 Data/Broadband 1H22 vs 1H21 1H 2022 5% 1H 2022 10% ₱94.3bn ₱74.9bn +4.4bn +6.6bn ILD SMS/Voice Data/broadband 46.0 46.2 46.4 47.9 41.5 43.7 44.9 44.8 45.0 41.3 0.9 0.9 0.7 0.7 1.0 0.9 0.
Slide 15: PLDT Group: Subscriber Base
PLDT Group: Subscriber Base (in ‘000) Broadband Fixed Line Mobile End 2021 End 2021 End 2021 6% 3% 4,082 +130K 3,952 3% 3,821 +202K 3,619 69,398 71,222 -1,824K Cellular 68,146 70,225 -3% 3,201 +234K 2,967 +8% Fixed Prepaid 66,192 68,323 -3% Postpaid 1,954 1,901 +3% Fiber 2,821 +401K 2,420 +17% Mobil
Slide 16: PLDT Group: Broadband Subscriber Base
PLDT Group: Broadband Subscriber Base (in ‘000) 2021 2022 2021 2022 Subscribers Fiber Only: Gross Connects and Migrations (in '000) 1Q 2Q 3Q 4Q FY2021 1Q 2Q 1H Subscribers (in '000) 1Q 2Q 3Q 4Q FY2021 1Q 2Q 1H (Monthly ave. per qtr) Fixed Broadband Fixed Broadband Gross Gross 241 241 270 270 349 349
Slide 17: PLDT Group: Financial Highlights
PLDT Group: Financial Highlights (Php in bn) 1H 2022 1H 2022 1H 2021 vs 1H 2021 Service Revenues 94.3bn 5% (net of interconnection costs) 89.9bn +4.4bn Cash Opex, Subsidies, Provisions 43.8bn 1% (ex-MRP) 43.3bn +0.5bn * excl Provisions: ₱41.6bn, +₱1.8bn or +5% Provisions 2.2bn 3.4bn EBITDA 50.5bn 46
Slide 18: Consolidated EBITDA (ex-MRP), EBIT and Telco Core Income
Consolidated EBITDA (ex-MRP), EBIT and Telco Core Income (in ₱bn) Higher Higher Cash Lower Svc Rev EBITDA EBIT (net of IC) Opex/CoS Provisions Depn +4.4 -1.8 +1.3 50.5 46.6 24.4 15% EBITDA 8% 26.1 +3.4bn (ex-MRP) +3.9bn 1H 2021 1H 2022 1H 2022 EBITDA margin EBIT margin 51% 52% 27% (vs 2021: 25%) Hig
Slide 19: Consolidated EBITDA (ex-MRP): On track to cross the P100bn-mark
Consolidated EBITDA (ex-MRP): On track to cross the P100bn-mark for FY 2022 (Php in bn) 1H22 vs 1H21 1H 2022 8% ₱50.5bn +3.9bn Crossed the ₱100bn-mark for Margin: 52% the last twelve months 2Q22 vs 2Q21 25.1 25.5 25.0 23.3 24.5 22.7 22.8 23.3 7% 21.6 21.6 +1.6bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q
Slide 20: Telco Core Income: Tracking ahead of ₱33bn guidance for 2022
Telco Core Income: Tracking ahead of ₱33bn guidance for 2022 (Php in bn) 1H22 vs 1H21 1H 2022 12% ₱17.0bn +1.8bn 2Q22 vs 2Q21 +7% +0.6bn 14% 8.8 7.9 8.2 7.5 7.7 +1.1bn 7.0 7.1 7.1 7.1 6.9 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 1H22 ave. vs FY21 ave. 2020: ₱28.1bn 2021: ₱30.2bn 1H2022: ₱17
Slide 21: PLDT Group: Capital Management
PLDT Group: Capital Management Interim Regular Special Total Cash Dividend ₱47/share ₱28/share ₱75/share Declaration Date: Record Date: Payment Date: 4 August 2022 18 August 2022 5 September 2022 ➢ Regular dividend: In line with PLDT’s dividend policy: 60% payout of 1H 2022 telco core earnings of P1
Slide 22: PLDT Group: Telco Core and Reported Income
PLDT Group: Telco Core and Reported Income (Php in bn) 1H2022 1H2021 1H 2022 vs 1H 2021 12% Telco Core Income 17.0bn 15.2bn +1.8bn Share in Voyager/Bank Hold Co Loss (1.6bn) (0.9bn) -0.7bn Voyager Gain on Dilution, net of tax 0.5bn 0.7bn -0.2bn 15.9bn 15.0bn 6% Telco Core Income + Voyager Gain from
Slide 23: Tower Sale and Leaseback: Transaction Highlights
Tower Sale and Leaseback: Transaction Highlights ➢ Agreement for sale and leaseback of 5,907 telecom towers for ₱77bn signed on 19 April 2022 Portfolio 1 Portfolio 2 Total No. of Towers 2,934 2,973 5,907 Price (Php bns) 35 42 77 Location Metro Manila/Luzon Luzon/Vis/Min TowerCo Comworks Infratech IS
Slide 24: Sale and Leaseback of Towers: Gain recognized from First Closing
Sale and Leaseback of Towers: Gain recognized from First Closing ₱ in bn Selling Price 39.2 Selling Price for 3,012 sites Less: NBV of the Assets Sold (12.6) Towers Assets of 12.9B less pre-sale lease liability (P 0.3B) Gain on Sale 26.6 Add (Less) • Represents the rights retained by PLDT Group over
Slide 25: Accelerated Depreciation
Accelerated Depreciation ➢ Accelerated Depreciation: ₱16.5bn, covering: ▪ Initiative to sunset 3G technology (P8.7bn) ✓ Improve customer experience by offering high-speed data services ✓ Optimize network costs by reducing opex ✓ Re-use/Re-farm spectrum for 3G to LTE and eventually 5G ▪ Migration of
Slide 26: PLDT Group: Debt Profile
PLDT Group: Debt Profile Debt Balance Debt Maturities (gross) (US$ in billions) (US$ in millions, 30 June 2022) Net Debt Net Debt-to-EBITDA* Gross Debt US$3,922mn 2.16x US$4,760mn (1Q22: 2.33x) 2,595 4.7 3.8 5.0 4.5 4.8 3.9 0.9 0.5 0.8 584 238 415 272 484 172 2020 2021 Jun-22 2022 2023 2024 2025 202
Slide 27: PLDT Group: Consolidated Capex
PLDT Group: Consolidated Capex (Php in bn) Business Capex 2022 Network/IT 24% ₱85bn Capex Guidance Data Center and +17.1bn Subsidiaries 89.0 71.9 11% +7.0 17.5 Business +4.6bn ➢ Capex for 2022 includes: Capex 10.5 71.5 46.0 ▪ Investment in capacity to support home broadband business and +10.1 41.3 T
Slide 28: Fixed Fiber and Wireless Network: Selected Highlights
Fixed Fiber and Wireless Network: Selected Highlights Extensive Fixed Network Rollout FTTH Presence TOTAL HOMES PASSED TOTAL CAPACITY (Fiber) TOTAL FIBER FOOTPRINT 65% (Million Ports) (Thousand Cable Kilometers Laid) (Million Homes) +17% ➢ Available Ports: 3.23mn (2.36mn fiber + 0.87mn VVDSL (V-Fibe
Slide 29: Smart 5G Highlights
Smart 5G Highlights Connected Unique Devices Data Traffic Ookla In ‘000 (Total for the Quarter) In TB +740% Mbps +7,636% +80% +133% +61Mbps 2,114 181.98 +50% 22,735 1,583 16,098 121.23 1,176 9,752 759 5,686 376 520 2,627 252 294 944 Smart Globe Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 4Q20 1
Slide 30: Maya: Customers need one app for all their money needs
Maya: Customers need one app for all their money needs. To address this, Maya is building the only integrated FinServ ecosystem in PH Pay Registered customers BNPL 50M across consumer platforms Maya Save accounts opened in Enterprise Consumer ~650K less than 3 months after launch Largest fully integ
Slide 31: Maya: Trailblazing with seamless and cutting-edge digital financial services
Maya: Trailblazing with seamless and cutting-edge digital financial services Maya Business Maya Consumer App Maya Center All-in-one growth partner All-in-one money app All-in-one money hub for for all types of businesses for every Filipino day-to-day money needs • Accept all types of payments whethe
Slide 32: 2022 Outlook/Guidance
2022 Outlook/Guidance ➢ Home broadband to lead growth, with revenue momentum expected to accelerate ➢ Enterprise to register stronger Service Revenue Growth Mid-single digit growth performance underpinned by ICT ➢ Wireless faces challenging environment but to benefit from opening up of economy ➢ Exp
Slide 33: Other Details
Other Details 33
Slide 34: Data/broadband: 79% of consolidated service revenues
Data/broadband: 79% of consolidated service revenues (Php in bn) ILD (2022 vs 2021) (2%) 2.8 1.4 2% Mobile Data ₱35.7bn 15.2 +0.7bn 1H2022 Home Broadband ₱24.6bn 22% ₱94.3bn +4.4bn Data/Broadband 10% Corporate Data ₱11.9bn 11% 13% (79%*) +1.2bn +6.6bn 74.9 * 80% for 2Q22 ICT ₱ 2.6bn 14% 13% [include
Slide 35: Home: Steady upward momentum underpinned by strong demand
Home: Steady upward momentum underpinned by strong demand (Php in bn) 1H22 vs 1H21 Fiber-only 1H22 vs 1H21 1H 2022 24% 1H 2022 62% ₱28.1bn ₱23.2bn +5.4bn +8.9bn +6% 2Q22 vs 2Q21 +0.9bn 23% 13.6 14.5 11.8 12.6 12.5 +2.7bn 9.8 10.2 10.9 1.6 9.2 9.3 1.7 1.5 2.8 2.5 Voice 3.3 Non-Fiber 3.5 3.4 3.7 52% D
Slide 36: Individual: Reversal of downward trend with modest recovery in 2Q2022
Individual: Reversal of downward trend with modest recovery in 2Q2022 (Php in bn) 1H22 vs 1H21 1H 2022 6% ₱41.2bn +2% -2.6bn +0.5bn 22.0 23.1 22.1 21.7 21.3 20.7 20.4 21.1 20.4 20.9 Fixed Wireless 0.9 1.0 1.0 0.9 0.8 0.8 0.6 Prepaid 0.4 0.7 2.6 2.7 2.7 2.6 2.6 0.6 2.4 2.3 3.1 3.0 2.5 2Q22 vs 1Q22 Po
Slide 37: Enterprise: Enabling the digital transformation of Philippine business
Enterprise: Enabling the digital transformation of Philippine business (Php in bn) 1H22 vs 1H21 1H 2022 9% ₱23.2bn +1.9bn +1% 2Q22 vs 2Q21 +0.1bn 11% Acceleration vis-à-vis 11.6 11.6 11.6 10.0 10.5 10.2 10.8 10.5 11.1 7% or ₱0.8bn y-o-y 10.0 growth in 1Q22 +1.2bn 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4
Slide 38: International/Carrier: Managing the decline
International/Carrier: Managing the decline and to remain steady for the year (Php in bn) 1H22 vs 1H21 1H 2022 17% ₱1.7bn -0.4bn +7% 1.63 1.53 +0.1bn 1.47 1.48 1.04 1.01 1.02 1.00 0.88 0.82 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 Zero mobile interconnect fees for SMS and Voice (1 Jan 2020)
Slide 39: Foreign Exchange Impact: Sensitivity Analysis of 1H2022 Financials
Foreign Exchange Impact: Sensitivity Analysis of 1H2022 Financials Impact on P&L Impact on Balance Sheet Sensitivity for every ₱1 change Sensitivity for every ₱1 change Conso (Php in millions) Conso** (Php in millions) Debt (net of LT hedges & ST Forwards/options) 387 Revenues* ±300 Accounts Payable
Slide 40: Sustainability Updates
Sustainability Updates 40
Slide 41: PLDT Group: Renewable Energy from Solar Rooftop Panels
Sustainability in Action – Environmental Pillar PLDT Group: Renewable Energy from Solar Rooftop Panels #Solar Roof Top Panels SDGs: 7, 9, 11, 13 Phase 1 completed (Visayas): Cebu Jones, Bacolod, Mandaue, Iloilo, Roxas PLDT Bacolod PLDT Mandaue Exchange Cebu (July 4, 2022) Energy Produced Total estim
Slide 42: PLDT Group: Use of Electric Vehicles as part of the Greening of our Fleet
Sustainability in Action – Environmental Pillar PLDT Group: Use of Electric Vehicles as part of the Greening of our Fleet #Electric Vehicle SDGs: 11, 13 Pilot unit delivered to Makati Zone (July 25, 2022) President Al Panlilio test drives PLDT-Smart’s first all-electric vehicle ➢ Benefits: ✓ Equival
Slide 43: PLDT Group: Transforming our employees into sustainability advocates
Sustainability in Action: Social Pillar PLDT Group: Transforming our employees into sustainability advocates #Sustainability Townhall SDG: 4 #Sustainability Learning Program Establishing a common understanding of Sustainability concepts, goals Available to over 18,000 employees (Attended by PLDT, Sm
Slide 44: PLDT Group: Communicating progress on initiatives to various stakeholders
Sustainability in Action: Governance Pillar PLDT Group: Communicating progress on initiatives to various stakeholders #Sustainability Report (SR) 2021 Prepared in accordance with GRI, TCFD, and ISSB standards #UNGC Participant SDG: 17 PLDT and Smart submitted its nd ➢ 23 GRI (Global Reporting Initia
Slide 45: PLDT Group: Partnerships and Commitments
Sustainability in Action PLDT Group: Partnerships and Commitments SDGs:14, 17 #Xtrash Challenge: Year 2 SDGs: 11, 12 Partnership with Ericsson, DENR, LGUs: Connected Mangroves Joint project of Philippine Business for Social Progress (PBSP) and BEST PLDT/project featured in #Stockholm +50: Focus on w
Slide 46: PLDT Group: Partnerships and Commitments
Sustainability in Action PLDT Group: Partnerships and Commitments Partnering for our future NEDA-led Stakeholders’ Chamber on the SDGs Global Compact Network Philippines: Planet Pillar PLDT and Smart pledged commitment to the ➢ Goal is to develop a 5-year work 2030 Agenda for Sustainable Development
Slide 47: Selected ESG Ratings and Associations
Selected ESG Ratings and Associations: Demonstrating progress of PLDT’s sustainability journey C Awareness Participated in the 2022 CDP surveyC C (Submitted on 2 August 2022, C score to be released around December 2022) Awareness F F 2018 2019 2020 2021 PLDT is included in the (PLDT Opted not to par
Slide 48: Path to Net Zero: Preliminary reduction target of 40% in Scope 1 and 2
Path to Net Zero: Preliminary reduction target of 40% in Scope 1 and 2 GHG emissions by 2030 ➢ Net Zero by 2050 ➢ GHG emissions profile based on 2019 baseline: about 30% are from Scope 1 and 2 ▪ Scope 1 (direct): 3% ▪ Scope 2 (indirect): 28% ▪ Scope 3 (upstream/downstream supply chain): 69% ➢ Decarb
Slide 49: Appendix
Appendix 49 49
Slide 50: Subscriber Base: Mobile
Subscriber Base: Mobile Mobile Subscribers by Category: Net Adds (Reductions) Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 2Q2022 vs YE2021 Mobile Subscriber Base (1) Prepaid 67,365,162 68,224,018 69,205,731 68,524,765 69,625,148 (1,840,569) (3%) Smart Prepaid 25,679,480 26,229,708 26,665,974 25,966,496 26,91
Slide 51: Subscriber Base: Fixed Line and Broadband
Subscriber Base: Fixed Line and Broadband Fixed Line Subscribers Net Adds Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 2Q2022 vs YE2021 Fixed Line Subscribers 3,821,296 3,766,956 3,619,372 3,441,847 3,245,547 201,924 6% Broadband Subscribers Net Adds Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 2Q2022 vs YE2021 BROADBA
Slide 52: ARPU
ARPU Mobile ARPU, Net(1) : 2022 2021 1Q 2Q 1Q 2Q 3Q 4Q Smart Postpaid 786 723 819 823 825 798 Smart Prepaid 99 104 104 104 104 105 TNT 82 86 83 85 84 85 Sun Postpaid 440 580 407 387 445 475 (1) Includes Mobile Broadband subscribers Broadband ARPU, Net : 2022 2021 1Q 2Q 1Q 2Q 3Q 4Q (2) Fixed Line Bro
Slide 53: Consolidated Financial Highlights
Consolidated Financial Highlights 1H2022 Y-o-Y 1H2021 Wireless Fixed Line Others Consolidated % Change (Php in millions) (1) Service Revenues 47,940 70,846 - 97,104 91,593 6% (2) Cash Operating Expenses 20,048 41,175 8 47,922 39,160 22% Subsidies and Cost of Services 1,537 1,758 - 2,376 2,667 (11%)
Slide 54: Consolidated Service Revenues
Consolidated Service Revenues 2022 2021 % Change 1H2022 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q 2H FY (Php in millions) 1H2021 Fixed Line 24,506 25,077 49,583 20,861 21,318 42,179 22,373 22,687 45,060 87,239 18% LEC 3,492 3,491 6,983 3,404 3,407 6,811 3,446 3,530 6,976 13,787 3% Fixed Line Voice - International
Slide 55: Consolidated Service Revenues and EBITDA
Consolidated Service Revenues and EBITDA 2022 2021 % Change 1H2022 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q 2H FY (Php in millions) 1H2021 Data and Broadband 36,665 38,290 74,955 33,911 34,464 68,375 35,753 35,838 71,591 139,966 10% Home Broadband 11,946 12,694 24,640 9,797 10,457 20,254 11,285 11,026 22,311 42,5
Slide 56: Wireless Service Revenues
Wireless Service Revenues 2022 2021 % Change 1H2022 VS 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q 2H FY 1H2021 (Php in millions) Data/Broadband 18,129 18,782 36,911 18,141 18,419 36,560 18,472 18,501 36,973 73,533 1% Mobile Data 17,556 18,255 35,811 17,568 17,576 35,144 17,696 17,804 35,500 70,644 2% Mobile Internet 1
Slide 57: Fixed Line Service Revenues
Fixed Line Service Revenues 2022 2021 % Change 1H2022 vs 1Q 2Q 1H 1Q 2Q 1H 3Q 4Q 2H FY (Php in millions) 1H2021 Data/Broadband 23,074 24,394 47,468 18,292 18,692 36,984 20,031 21,561 41,592 78,576 28% Home Broadband 11,381 12,176 23,557 9,238 9,626 18,864 10,520 10,339 20,859 39,723 25% Corp. Data a
Slide 58: Expenses
Expenses 1H2022 Y-o-Y 1H2021 (Php in millions) Wireless Fixed Line Others Consolidated % Change Operating Expenses Compensation and Employee Benefits 4,397 13,780 - 18,167 12,972 40% Repairs and Maintenance 6,603 7,665 - 13,663 11,722 17% Professional and Other Contracted Services 2,720 2,521 4 4,54
Slide 59: Other Income (expenses)
Other Income (expenses) 1H2022 Y-o-Y 1H2021 Wireless Fixed Line Others Consolidated % Change ( Php in millions) Equity Share in Net Earnings (Losses) of Associates and Joint Ventures Multisys - - (73) (73) 87 (184%) Vega - - 43 43 939 (95%) Voyager - - (1,465) (1,465) (1,050) 40% Others - 69 (4) 65
Slide 60: Earnings Per Share (EPS)
Earnings Per Share (EPS) 1H2022 1H2021 (Php in millions except EPS (in Php) and Shares (in mn)) Basic Diluted Basic Diluted Net Income Attributable to Equity Holders of PLDT 16,741 16,741 12,922 12,922 Dividends on Preferred Shares (29) (29) (29) (29) Net Income for the Period Attributable to Common
Slide 61: Balance Sheet
Balance Sheet Consolidated (Php in millions) June 30, 2022 December 31, 2021 Total Assets 657,346 626,328 Nominal Value of Total Debt 261,655 255,414 in US$ $4,760 $5,011 Less: Unamortized Debt Discount 2,454 2,857 Total Debt 259,201 252,557 Cash and Short-Term Investments(1) 46,082 26,755 (2) Net D
Slide 62: Debt Profile
Debt Profile (US$ in millions) 2019 2020 2021 1H2022 Debt Balance 3,800 4,665 5,011 4,760 Cash and Short-Term Investments 486 882 525 838 Net Debt 3,314 3,783 4,486 3,922 Interest-Bearing liabilities December 31, June 30, 2022 2021 Change Carrying Unamortized Debt Face Value Face Value Value Discoun
Slide 63: 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 64: PLDT
(PLDT